Core Insights - TriNet Group, Inc. reported its third quarter financial results for 2025, indicating a strong performance and an optimistic outlook for the remainder of the year [1][2][3]. Financial Performance - Total revenues for the third quarter were $1.2 billion, a decrease of 2% compared to the same period last year [10]. - Professional service revenues fell by 8% to $169 million year-over-year [10]. - Net income was reported at $34 million, or $0.70 per diluted share, down from $45 million, or $0.89 per diluted share, in the previous year [10]. - Adjusted Net Income was $55 million, or $1.11 per diluted share, compared to $59 million, or $1.17 per diluted share, in the same period last year [10]. - Adjusted EBITDA was $100 million, with an Adjusted EBITDA Margin of 8.2%, down from $109 million and 8.8% respectively in the prior year [10]. Guidance and Outlook - The company reiterated its full-year 2025 guidance, projecting total revenues between $4.95 billion and $5.14 billion [4]. - Professional service revenues are expected to be between $700 million and $730 million [4]. - The Insurance Cost Ratio is anticipated to be around 90% to 92% [4]. - Adjusted EBITDA Margin is projected to be between 7% and 9% [4]. - Diluted net income per share is expected to range from $1.90 to $3.40, while Adjusted Net Income per share is forecasted to be between $3.25 and $4.75 [4]. Customer Metrics - TriNet achieved its highest ever customer net promoter score, indicating strong customer satisfaction and retention above historical averages [2]. - Average Worksite Employees (WSEs) decreased by 6% year-over-year to approximately 335,000 [10]. Cash Flow and Financial Position - Net cash provided by operating activities for the nine months ended September 30, 2025, was $242 million, an increase from $214 million in the previous year [24]. - Free Cash Flow for the same period was reported at $191 million, up from $154 million [24]. - Total assets decreased to $3.425 billion from $4.119 billion year-over-year [16]. - Total liabilities were reported at $3.315 billion, down from $4.050 billion [16]. Conference Call - TriNet will host a conference call to discuss its third quarter results and reaffirm its full-year financial guidance [6].