Ceridian(US:DAY) Globenewswire·2025-10-29 20:15Core Insights - Dayforce, Inc. reported a total revenue of $481.6 million for Q3 2025, representing a year-over-year increase of 9.5%, or 9.6% on a constant currency basis [7] - Recurring revenue, excluding float, reached $333 million, up 14% year-over-year on both GAAP and constant currency basis [7] - The company experienced a net loss of $196.8 million, compared to a net income of $2 million in the same quarter last year, resulting in a net profit margin of (40.9)% [7] Financial Performance - Total revenue for the nine months ended September 30, 2025, was $1.428 billion, an increase of 10.3% compared to $1.295 billion for the same period in 2024 [27] - Adjusted EBITDA for Q3 2025 was $147.3 million, with an adjusted EBITDA margin of 30.6%, compared to 28.7% in Q3 2024 [7][34] - Year-to-date net cash provided by operating activities was $194 million, down from $200 million for the same period in 2024 [7] Customer Metrics - As of September 30, 2025, Dayforce had 7,025 customers live on its platform, marking a 4.4% increase year-over-year [7] - The average recurring revenue per customer was $175,172 for the trailing twelve months ended September 30, 2025, reflecting a 9.8% increase [7] Strategic Developments - Dayforce entered into a merger agreement with Thoma Bravo, L.P., under which Thoma Bravo will acquire Dayforce for $70.00 per share, totaling an enterprise value of approximately $12.3 billion [8] - The transaction is expected to close in late 2025 or early 2026, pending customary closing conditions [8] Market Position - Dayforce was recognized as a Leader in the 2025 Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises for the sixth consecutive year [13] - The company achieved record attendance at its annual customer conference, Dayforce Discover 2025, indicating strong engagement with its customer base [13]