What is Trinet Group's net debt?

Trinet Group (TNET) reported net debt of -$446M in Q1 2026.

How has Trinet Group's net debt changed year-over-year?

Trinet Group's net debt decreased by 31.6% year-over-year, from -$339M to -$446M.

What is the long-term trend for Trinet Group's net debt?

Over 5 years (2020 to 2025), Trinet Group's net debt has grown at a -4.6% compound annual growth rate (CAGR), from -$1.21B to -$960M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Trinet Group TNET Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$1.2B-5.1%

Operating income$58.0M-50.0%

Net income$89.0M+4.7%

EPS (diluted)$1.90+11.1%

Balance sheet

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Cash & equivalents$1.4B+8.4%

Total debt$946.0M+0.1%

Total equity$83.0M+31.7%

Total assets$3.4B-9.4%

Cash flow

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Operating cash flow$149.0M+56.8%

CapEx$26.0M+62.5%

Free cash flow$123.0M+55.7%

Valuation

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Market cap$2.11B-56.1%

Enterprise value$1.66B-64.4%

P/E13.2×—

P/S0.4×-0.5×

Profitability

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Gross margin93.6%—

Operating margin6.8%-2.1pp

Net margin3.2%—

FCF margin5.6%+1.5pp

Returns & leverage

See full

Return on equity219.2%—

Debt / equity11.4×-3.6×

Current ratio1.1×0.0×

Where this comes from

Calculated from Trinet Group’s reported figures.

$946.0Mtotal debt−$1.4Bcash and equivalents=-$446M

The official record: Trinet Group’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Trinet Group's net debt?: Trinet Group (TNET) reported net debt of -$446M in Q1 2026.
How has Trinet Group's net debt changed year-over-year?: Trinet Group's net debt decreased by 31.6% year-over-year, from -$339M to -$446M.
What is the long-term trend for Trinet Group's net debt?: Over 5 years (2020 to 2025), Trinet Group's net debt has grown at a -4.6% compound annual growth rate (CAGR), from -$1.21B to -$960M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.