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Dayforce (DAY) investor relations material
Dayforce Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q3 2025 increased 9.5% year-over-year to $481.6 million, with recurring revenue (excluding float) at $333.0 million, up 14.0% year-over-year.
Operating profit rose 46.6% year-over-year to $30.5 million, and adjusted operating profit increased to $119.1 million from $103.2 million.
Net loss for Q3 2025 was $196.8 million, compared to net income of $2.0 million in Q3 2024, mainly due to a $172.1 million non-cash pension settlement loss and restructuring expenses.
Adjusted EBITDA was $147.3 million, up from $126.1 million, with a margin of 30.6%.
A merger agreement was signed with Thoma Bravo to acquire the company for $70.00 per share, with completion expected late 2025 or early 2026.
Financial highlights
Recurring services revenue grew 7.2% year-over-year to $403.1 million; professional services revenue rose 22.5% to $78.5 million.
Total revenue excluding float was $439.4 million, up 11.4% year-over-year.
Free cash flow for the nine months ended September 30, 2025 was $111.6 million, with a margin of 7.8%.
Adjusted net income was $60.5 million, down from $74.5 million year-over-year.
Diluted net loss per share was $1.23, while adjusted diluted net income per share was $0.37.
Outlook and guidance
No forward-looking guidance or updates to previously issued guidance will be provided due to the pending Thoma Bravo acquisition.
Management expects continued growth in Dayforce customers and recurring revenue per customer.
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