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DAY

Dayforce Inc

DAY

Dayforce Inc • NYSE
$69.10 ▲ 0.14% (+0.10)
Market Cap $11.01 B
52w High $81.93
52w Low $48.01
Dividend Yield 0%
P/E -72.74
Volume 1.19M
Outstanding Shares 159.37M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $481.6M ▲ $271.6M ▲ $-196.8M ▼ -40.864% ▼ $-1.23 ▼ $-101.9M ▼
Q2-2025 $464.7M ▼ $195.8M ▼ $21.3M ▲ 4.584% ▲ $0.13 ▲ $98.6M ▲
Q1-2025 $481.8M ▲ $211.8M ▲ $14.9M ▲ 3.093% ▲ $0.09 ▲ $80.9M ▲
Q4-2024 $465.2M ▲ $190.1M ▲ $10.8M ▲ 2.322% ▲ $0.068 ▲ $66.6M ▼
Q3-2024 $440M $180.5M $2M 0.455% $0.013 $79.2M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $627.6M ▲ $8.676B ▲ $5.981B ▲ $2.695B ▼
Q2-2025 $625.2M ▲ $8.501B ▼ $5.798B ▼ $2.702B ▲
Q1-2025 $557.3M ▼ $9.499B ▲ $6.907B ▲ $2.592B ▲
Q4-2024 $579.7M ▲ $9.117B ▲ $6.571B ▲ $2.546B ▼
Q3-2024 $494.1M $8.117B $5.561B $2.556B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-196.8M ▼ $31.2M ▼ $-112.3M ▼ $196.8M ▲ $103.4M ▲ $5M ▼
Q2-2025 $21.3M ▲ $112.7M ▲ $-60.2M ▲ $-1.208B ▼ $-1.132B ▼ $87.1M ▲
Q1-2025 $14.9M ▲ $49.6M ▼ $-120.1M ▼ $288.6M ▼ $219.1M ▼ $19.5M ▼
Q4-2024 $10.8M ▲ $81M ▼ $-13.8M ▲ $1.127B ▲ $1.176B ▲ $54.2M ▼
Q3-2024 $2M $91.8M $-74.6M $-1.075B $-1.055B $63.4M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Cloud And Bureau Professional Services And Other
Cloud And Bureau Professional Services And Other
 $0 ▲$70.00M ▲$70.00M ▲$80.00M ▲
Recurring Revenue
Recurring Revenue
 $390.00M ▲$410.00M ▲$390.00M ▼$400.00M ▲
Cloud Dayforce Recurring Services
Cloud Dayforce Recurring Services
 $350.00M ▲$0 ▼$0 ▲$0 ▲
Cloud Powerpay Recurring Services
Cloud Powerpay Recurring Services
 $30.00M ▲$0 ▼$0 ▲$0 ▲
Professional Services And Other
Professional Services And Other
 $70.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Dayforce shows a clear story of scale and gradual maturing. Revenue has grown steadily year after year, and gross profit has expanded alongside it, suggesting the core business is scaling efficiently. Operating performance has moved from losses to consistent profits, with underlying earnings improving much faster than in the early years as the company gains operating leverage. Net income has only recently turned modestly positive and remains relatively thin, which means profitability is still in an early stage and sensitive to changes in growth or spending. Overall, the income statement reflects a solid growth software business that has crossed the line into profitability but is still investing heavily in its platform and market expansion.

Balance Sheet

Balance Sheet The balance sheet looks generally healthy for a growing software company. Total assets have climbed steadily, helped by growing cash balances and investments in technology and intangibles. Cash on hand has increased meaningfully over time, giving Dayforce more flexibility to invest and to manage through downturns. Debt levels have also risen compared with earlier years but have been roughly stable more recently, while shareholders’ equity continues to build. This points to a capital structure that leans on some borrowing but is still anchored by a growing equity base. Investors should remember that as an HCM and payroll provider, Dayforce’s reported balance sheet may not fully capture the operational complexity of handling client funds and regulatory obligations.

Cash Flow

Cash Flow Cash generation has improved markedly. Operating cash flow has moved from slightly negative to consistently positive, and has grown in line with the business scale, which supports the view that the model is cash-generative once it reaches a certain size. After funding capital spending, free cash flow has turned positive and stayed that way in recent years, indicating that Dayforce can both invest in its platform and still produce surplus cash. Capital expenditures appear steady and manageable relative to the growth of the company. Overall, the cash flow profile has transitioned from “investment heavy with cash burn” to “growth with self-funded reinvestment,” which is a key de-risking milestone for a software company.

Competitive Edge

Competitive Edge Dayforce operates in a very competitive human capital management market but has carved out a distinct position. Its single, unified cloud platform and real-time payroll engine differentiate it from rivals that rely on multiple stitched-together systems. This design tends to create a smoother user experience, fewer data discrepancies, and stronger real-time analytics, which can be very valuable for larger or more complex organizations. High switching costs are a central part of its moat: replacing a deeply integrated HCM and payroll system is disruptive and expensive, so customers are reluctant to move once they are on the platform. At the same time, Dayforce competes with some very large, well-funded players, and winning and retaining global, multi-country customers requires constant innovation, regulatory expertise, and strong service execution. The pending move under Thoma Bravo ownership may strengthen its strategic focus but also introduces some uncertainty around priorities and pace of investment.

Innovation and R&D

Innovation and R&D Innovation is central to Dayforce’s strategy and competitive edge. The company’s core architectural choice—a single, cloud-native platform and single employee record—has enabled advanced capabilities like continuous payroll calculation and unified analytics across HR, payroll, and workforce management. Dayforce is leaning heavily into artificial intelligence with tools such as its AI assistant (Co-Pilot) and Autonomous Payroll, which aim to automate routine tasks, reduce errors, and surface insights before issues arise. The Dayforce Wallet on-demand pay solution is another notable innovation that addresses employee financial wellness and can make the platform more attractive to employers seeking to improve retention. Recent moves, such as acquiring a learning and development platform, show a willingness to expand into adjacent areas and deepen its value proposition. The opportunity is to turn these innovations into durable pricing power and higher customer lifetime value, though this requires sustained R&D spending and careful execution in a fast-moving competitive field.

Summary

Taken together, Dayforce looks like a growth-focused software company that is gradually maturing financially while leaning hard on product innovation to defend and expand its position. The income statement shows strong and consistent revenue expansion with a shift from losses to modest profitability, while the balance sheet and cash flow trends suggest improving financial resilience and an increasingly self-funded growth model. Competitively, its unified platform, high switching costs, and expanding global payroll capabilities provide a meaningful edge, but the company operates against formidable rivals and in a highly demanding regulatory and technology environment. Its heavy emphasis on AI, real-time processing, and differentiated offerings like Dayforce Wallet position it well for future growth, provided it can maintain innovation momentum and execute cleanly through ownership changes and continued expansion. Overall, Dayforce presents the profile of a company moving from fast grower toward more established platform provider, with both clear strengths and the usual execution and competitive risks that come with that transition.

NEWS

November 18, 2025 · 8:00 AM UTC

New Dayforce Report Uncovers America's Growing Retirement Divide

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November 12, 2025 · 12:06 PM UTC

Dayforce Stockholders Approve Acquisition by Thoma Bravo

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October 31, 2025 · 8:01 AM UTC

DAYFORCE SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation into Price Adequacy of Dayforce, Inc. (NYSE: DAY) Shareholder Buyout - Does $70.00 Per Share Undervalue Dayforce Shares?

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October 29, 2025 · 4:15 PM UTC

Dayforce Reports Third Quarter 2025 Results

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October 28, 2025 · 8:00 AM UTC

Kaskela Law LLC Investigates Fairness of Proposed $70.00 Per Share Buyout of Dayforce, Inc. (NYSE: DAY) Stockholders and Encourages Investors to Contact the Firm

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