TNET News & Events

TriNet announced it has entered into a definitive agreement to acquire Cocoon, a company in leave management technology. Upon completion of the deal, the strategic acquisition will strengthen TriNet's leave of absence offering, with the addition of a robust and intuitive compliance-driven product that improves both the employer and employee experience at every touchpoint. Upon deal close, Cocoon will become a wholly owned subsidiary of TriNet. The acquisition is expected to close this month, subject to customary closing conditions, including the receipt of regulatory approvals. Financial terms of the acquisition were not disclosed, and the acquisition of Cocoon is not expected to have a material impact on the company's financial guidance for 2026.

Reports Q4 revenue $1.25B vs. $1.28B last year. "We closed out 2025 by delivering earnings at the top-end of our guidance," said Mike Simonds, TriNet's President and CEO. "In 2025, we successfully repriced our business, grew free cash flow by 16%, and returned over $200 million in capital to shareholders through share repurchases and dividends." Simonds continued, "As we enter 2026, we have a clear strategy in place, with several initiatives launching in support of our strategy, including AI-powered TriNet Assistant for customer service, expansion of our broker channel, and several new exciting partnerships, just to name a few. Momentum is building, and we expect our results to reflect this as we work our way through 2026."