TNET: the balance sheet

MyFinsight

For the year ending 2025-12-31, TNET has $3,797M in assets. $3,743M in debts. $287M in cash and cash equivalents.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-12-31
Cash and cash equivalents	287
Restricted cash, cash equivalents and investments	1,694
Accounts receivable, net	20
Payroll funds receivable	264
Prepaid expenses, net	82
Other payroll assets	474
Other current assets	47
Total current assets	2,868
Restricted cash, cash equivalents and investments, noncurrent	128
Property and equipment, net	11
Operating lease right-of-use asset	36
Goodwill	461
Software and other intangible assets, net	153
Other assets	140
Total assets	3,797

Accounts payable and other current liabilities	86
Revolving credit agreement borrowings	0
Client deposits and other client liabilities	57
Accrued wages	555
Accrued health insurance costs, net	207
Accrued workers' compensation costs, net	42
Payroll tax liabilities and other payroll withholdings	1,671
Operating lease liabilities	10
Insurance premiums and other payables	9
Total current liabilities	2,637
Long-term debt, noncurrent	895
Accrued workers' compensation costs, noncurrent, net	106
Deferred taxes	55
Operating lease liabilities, noncurrent	37
Other non current liabilities	13
Total liabilities	3,743
Common stock and additional paid-in capital, (0.000025 par value per share 750,000,000 shares authorized 47,377,950 and 49,527,506 shares issued and outstanding at december31, 2025 and 2024, respectively)	1,135
Retained earnings (accumulated deficit)	-1,081
Accumulated other comprehensive loss	0
Total stockholders' equity	54
Total liabilities & stockholders' equity	3,797

Unit: Million (M) dollars