TriNet Group, Inc. (TNET) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 2.48B | 2.87B | 2.5B | 2.76B | 2.86B | 3.18B | 2.6B | 2.57B | 2.84B | 2.58B | 1.85B | 2.18B | 2.63B | 2.33B | 1.97B | 1.96B | 2.09B | 2.44B | 2.2B | 2.08B |
| Cash & Short-Term Investments | 340M | 1.98B | 321M | 1.51B | 349M | 360M | 301M | 249M | 383M | 352M | 245M | 551M | 796M | 430M | 549M | 456M | 389M | 747M | 680M | 595M |
| Cash Only | 340M | 1.98B | 321M | 1.51B | 349M | 360M | 251M | 177M | 298M | 287M | 170M | 482M | 707M | 354M | 454M | 336M | 235M | 612M | 525M | 464M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 50M | 72M | 85M | 65M | 75M | 69M | 89M | 76M | 95M | 120M | 154M | 135M | 155M | 131M |
| Accounts Receivable | 458M | 284M | 486M | 499M | 499M | 381M | 526M | 500M | 478M | 465M | 425M | 381M | 386M | 394M | 372M | 318M | 327M | 339M | 313M | 354M |
| Days Sales Outstanding | 27.23 | 28.38 | 36.78 | 36.68 | 30.65 | 31.46 | 38.15 | 35.8 | 33.47 | 32.88 | 30.34 | 28.87 | 28.17 | 28.74 | 25.58 | 24.46 | 24.61 | 24.34 | 26.73 | 28.91 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 1.69B | 521M | 1.64B | 705M | 1.95B | 2.38B | 1.71B | 1.74B | 1.9B | 1.69B | 1.11B | 1.17B | 1.36B | 1.43B | 981M | 1.12B | 1.32B | 1.29B | 1.14B | 1.07B |
| Total Non-Current Assets | 936M | 929M | 927M | 926M | 918M | 939M | 1.12B | 1.14B | 1.13B | 1.11B | 1.11B | 1.11B | 1.11B | 1.12B | 1.11B | 1.09B | 1.11B | 870M | 868M | 894M |
| Property, Plant & Equipment | 60M | 47M | 48M | 49M | 31M | 34M | 44M | 35M | 37M | 41M | 40M | 56M | 60M | 55M | 128M | 129M | 130M | 66M | 122M | 124M |
| Fixed Asset Turnover | 22.92x | 26.27x | 25.40x | 30.95x | 39.75x | 34.00x | 31.32x | 34.53x | 32.87x | 30.74x | 25.46x | 20.84x | 21.67x | 13.40x | 9.66x | 9.27x | 12.43x | 13.11x | 9.33x | 8.80x |
| Goodwill | 461M | 461M | 461M | 461M | 461M | 461M | 462M | 462M | 462M | 462M | 462M | 462M | 462M | 462M | 462M | 430M | 433M | 294M | 294M | 294M |
| Intangible Assets | 155M | 153M | 151M | 148M | 146M | 156M | 179M | 176M | 174M | 172M | 169M | 156M | 155M | 163M | 103M | 95M | 100M | 61M | 7M | 9M |
| Long-Term Investments | 0 | 128M | 125M | 124M | 134M | 145M | 145M | 156M | 161M | 143M | 143M | 146M | 142M | 151M | 142M | 159M | 165M | 168M | 167M | 194M |
| Other Non-Current Assets | 260M | 140M | 142M | 144M | 146M | 143M | 294M | 308M | 294M | 297M | 299M | 293M | 288M | 286M | 279M | 274M | 283M | 281M | 278M | 273M |
| Total Assets | 3.42B | 3.8B | 3.42B | 3.69B | 3.77B | 4.12B | 3.73B | 3.7B | 3.97B | 3.69B | 2.97B | 3.29B | 3.74B | 3.44B | 3.08B | 3.04B | 3.2B | 3.31B | 3.07B | 2.98B |
| Asset Turnover | 0.34x | 0.35x | 0.35x | 0.33x | 0.33x | 0.34x | 0.33x | 0.32x | 0.33x | 0.37x | 0.39x | 0.34x | 0.35x | 0.38x | 0.41x | 0.38x | 0.37x | 0.39x | 0.38x | 0.37x |
| Asset Growth % | -9.4% | -7.82% | -8.15% | -0.41% | -4.86% | 11.54% | 25.72% | 12.55% | 6.21% | 7.26% | -3.67% | 8.08% | 16.6% | 4.05% | 0.33% | 2.22% | 6.62% | 8.74% | 7.05% | 6.28% |
| Total Current Liabilities | 2.23B | 2.64B | 2.25B | 2.51B | 2.65B | 2.98B | 2.44B | 2.46B | 2.67B | 2.46B | 1.7B | 1.71B | 2.23B | 1.99B | 1.52B | 1.58B | 1.79B | 1.74B | 1.56B | 1.53B |
| Accounts Payable | 0 | 86M | 89M | 85M | 82M | 89M | 82M | 85M | 122M | 87M | 109M | 100M | 130M | 98M | 122M | 108M | 118M | 86M | 70M | 81M |
| Days Payables Outstanding | - | 7.37 | 7.88 | 7.46 | 7.6 | 7.14 | 7.51 | 9.5 | 9.64 | 8.89 | 10.14 | 11.05 | 11.03 | 10.18 | 11.13 | 11.08 | 10.28 | 7.09 | 7.62 | 8.69 |
| Short-Term Debt | 11M | 10M | 10M | 93M | 74M | 75M | 75M | 84M | 109M | 109M | 0 | 0 | 295M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 43M | 0 | 0 | 0 | 39M | 70M | 51M | 65M | 73M | 78M | 131M | 106M | 54M | 74M | 124M | 97M | 120M | 132M |
| Other Current Liabilities | 2.21B | 1.74B | 232M | 1.53B | 827M | 889M | 1.43B | 225M | 218M | 0 | 234M | 221M | 223M | 228M | 220M | 205M | 214M | 229M | 216M | 212M |
| Current Ratio | 1.12x | 1.09x | 1.11x | 1.10x | 1.08x | 1.07x | 1.07x | 1.04x | 1.06x | 1.05x | 1.09x | 1.28x | 1.18x | 1.17x | 1.29x | 1.24x | 1.17x | 1.40x | 1.41x | 1.36x |
| Quick Ratio | 1.12x | 1.09x | 1.11x | 1.10x | 1.08x | 1.07x | 1.07x | 1.04x | 1.06x | 1.05x | 1.09x | 1.28x | 1.18x | 1.17x | 1.29x | 1.24x | 1.17x | 1.40x | 1.41x | 1.36x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 1.11B | 1.11B | 1.07B | 1.07B | 1.07B | 1.07B | 1.16B | 1.14B | 1.16B | 1.15B | 1.25B | 668M | 676M | 680M | 702M | 698M | 721M | 689M | 704M | 704M |
| Long-Term Debt | 39M | 932M | 895M | 894M | 909M | 908M | 993M | 984M | 984M | 984M | 1.09B | 496M | 496M | 496M | 496M | 495M | 495M | 495M | 495M | 495M |
| Capital Lease Obligations | 0 | 37M | 38M | 48M | 24M | 26M | 30M | 24M | 27M | 30M | 30M | 33M | 36M | 41M | 41M | 45M | 48M | 41M | 43M | 46M |
| Deferred Tax Liabilities | 0 | 55M | 9M | 10M | 10M | 11M | 18M | 13M | 13M | 13M | 5M | 7M | 9M | 8M | 29M | 22M | 26M | 11M | 21M | 21M |
| Other Non-Current Liabilities | 1.07B | 82M | 124M | 121M | 123M | 124M | 119M | 119M | 132M | 125M | 127M | 132M | 135M | 135M | 136M | 136M | 152M | 142M | 145M | 142M |
| Total Liabilities | 3.34B | 3.74B | 3.31B | 3.58B | 3.71B | 4.05B | 3.6B | 3.6B | 3.83B | 3.62B | 2.96B | 2.38B | 2.91B | 2.67B | 2.22B | 2.28B | 2.51B | 2.43B | 2.26B | 2.23B |
| Total Debt | 50M | 979M | 943M | 1.03B | 1.02B | 1.02B | 1.11B | 1.1B | 1.13B | 1.14B | 1.14B | 544M | 843M | 552M | 552M | 555M | 558M | 547M | 550M | 553M |
| Net Debt | -290M | -1B | 622M | -473M | 670M | 662M | 862M | 928M | 836M | 850M | 966M | 62M | 136M | 198M | 98M | 219M | 323M | -65M | 25M | 89M |
| Debt / Equity | 0.60x | 18.13x | 8.57x | 9.67x | 16.17x | 14.81x | 8.63x | 11.05x | 7.93x | 14.58x | 113.60x | 0.59x | 1.02x | 0.71x | 0.64x | 0.73x | 0.80x | 0.62x | 0.68x | 0.74x |
| Debt / EBITDA | 0.30x | 18.83x | 13.67x | 12.47x | 6.89x | 19.28x | 14.27x | 11.05x | 7.99x | 9.55x | 7.73x | 4.73x | 4.46x | 5.81x | 3.78x | 4.37x | 2.45x | 4.80x | 4.33x | 3.69x |
| Net Debt / EBITDA | -1.73x | -19.27x | 9.01x | -5.70x | 4.53x | 12.49x | 11.05x | 9.28x | 5.89x | 7.14x | 6.57x | 0.54x | 0.72x | 2.08x | 0.67x | 1.72x | 1.42x | -0.57x | 0.20x | 0.59x |
| Interest Coverage | 10.46x | 1.50x | 4.85x | 4.40x | 9.21x | -1.47x | 4.87x | 6.06x | 8.75x | 6.00x | 13.40x | 19.50x | 26.71x | 11.67x | 6.09x | 25.20x | 41.00x | 18.20x | 21.60x | 24.40x |
| Total Equity | 83M | 54M | 110M | 107M | 63M | 69M | 129M | 100M | 143M | 78M | 10M | 915M | 825M | 775M | 856M | 763M | 695M | 881M | 809M | 744M |
| Equity Growth % | 31.75% | -21.74% | -14.73% | 7% | -55.94% | -11.54% | 1190% | -89.07% | -82.67% | -89.94% | -98.83% | 19.92% | 18.7% | -12.03% | 5.81% | 2.55% | 6.43% | 45.14% | 30.48% | 20.78% |
| Book Value per Share | 1.77 | 1.13 | 2.29 | 2.18 | 1.29 | 1.38 | 2.58 | 1.96 | 2.80 | 1.53 | 0.17 | 15.25 | 13.75 | 12.50 | 13.59 | 12.11 | 10.53 | 13.15 | 12.07 | 11.10 |
| Total Shareholders' Equity | 83M | 54M | 110M | 107M | 63M | 69M | 129M | 100M | 143M | 78M | 10M | 915M | 825M | 775M | 856M | 763M | 695M | 881M | 809M | 744M |
| Common Stock | 1.15B | 1.14B | 1.11B | 1.09B | 1.07B | 1.06B | 1.04B | 1.02B | 996M | 976M | 953M | 934M | 910M | 899M | 878M | 861M | 837M | 808M | 790M | 776M |
| Retained Earnings | -1.07B | -1.08B | -1B | -988M | -1.01B | -984M | -910M | -916M | -848M | -896M | -935M | -13M | -83M | -119M | -17M | -86M | -133M | 74M | 18M | -35M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -2M | 0 | 0 | 0 | -1M | -3M | 2M | -5M | -5M | -2M | -8M | -6M | -2M | -5M | -5M | -12M | -9M | -1M | 1M | 3M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |