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PAR

PAR Technology Corporation

PAR

PAR Technology Corporation • NYSE
$34.51 ▲ 1.26% (+0.43)
Market Cap $1.40 B
52w High $81.51
52w Low $31.65
Dividend Yield 0%
P/E -14.94
Volume 194.76K
Outstanding Shares 40.59M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $119.183M ▲ $67.392M ▼ $-18.177M ▲ -15.251% ▲ $-0.45 ▲ $-4.518M ▲
Q2-2025 $112.404M ▲ $68.299M ▲ $-21.04M ▲ -18.718% ▲ $-0.52 ▲ $-6.273M ▲
Q1-2025 $103.859M ▼ $64.092M ▲ $-24.35M ▼ -23.445% ▼ $-0.61 ▲ $-9.75M ▼
Q4-2024 $105.005M ▲ $61.432M ▲ $-21.057M ▼ -20.053% ▲ $-0.68 ▼ $-8.924M ▼
Q3-2024 $96.754M $58.225M $-19.832M -20.497% $-0.55 $-6.019M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $93.006M ▲ $1.377B ▼ $539.325M ▲ $838.049M ▼
Q2-2025 $85.689M ▼ $1.392B ▲ $532.598M ▲ $859.142M ▲
Q1-2025 $92.183M ▼ $1.382B ▲ $529.554M ▲ $851.995M ▼
Q4-2024 $108.641M ▼ $1.381B ▲ $509.017M ▼ $871.71M ▲
Q3-2024 $118.382M $1.299B $606.567M $692.707M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-18.177M ▲ $8.392M ▲ $-3.2M ▼ $70K ▼ $4.101M ▲ $5.192M ▲
Q2-2025 $-21.04M ▲ $-6.627M ▲ $-2.016M ▲ $705K ▼ $-6.919M ▲ $-8.643M ▲
Q1-2025 $-24.547M ▲ $-17.171M ▼ $-5.677M ▼ $10.736M ▲ $-11.834M ▼ $-18.722M ▼
Q4-2024 $-25.293M ▼ $3.375M ▼ $-2.014M ▲ $-810K ▼ $2.313M ▲ $3.196M ▼
Q3-2024 $-20.664M $8.801M $-105.184M $87.814M $-7.504M $7.081M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Hardware
Hardware
 $50.00M ▲$20.00M ▼$30.00M ▲$30.00M ▲
Professional Service
Professional Service
 $30.00M ▲$10.00M ▼$10.00M ▲$10.00M ▲
Subscription Service
Subscription Service
 $110.00M ▲$70.00M ▼$70.00M ▲$70.00M ▲

Five-Year Company Overview

Income Statement

Income Statement PAR’s revenue has grown meaningfully over the last five years, and gross profit has scaled alongside it, suggesting the core business is gaining traction. At the same time, the company has consistently run at an operating loss, reflecting ongoing investment in growth, product development, and sales efforts. Losses have gradually narrowed and net income was close to breakeven in the most recent year, indicating improving efficiency and better cost control. Overall, the story is one of a business shifting from heavy investment mode toward a more sustainable profile, but still not clearly through to stable profitability yet.

Balance Sheet

Balance Sheet The balance sheet has strengthened compared with a few years ago. Total assets and shareholder equity have grown meaningfully, which often reflects acquisitions, platform build‑out, and capital raises. Cash levels have improved versus the prior year but remain limited relative to the overall size of the business, so liquidity needs monitoring. Debt has been fairly steady in recent years and represents a notable, but not extreme, part of the capital structure. In simple terms, PAR appears better capitalized than in the past, but it still carries a material debt load and is not in an excess-cash position.

Cash Flow

Cash Flow Cash flow remains the soft spot. Operating cash flow has been negative for five straight years, and free cash flow has followed the same pattern, which means the business continues to consume cash rather than generate it. The level of cash burn has modestly improved over time and capital spending is quite disciplined, suggesting management is careful about where it invests. However, until operating cash flow turns consistently positive, the company remains dependent on its cash balance and access to financing to fund growth and day‑to‑day needs. This is a key risk point to watch.

Competitive Edge

Competitive Edge PAR occupies a focused niche: technology for large, multi‑location restaurant chains. Its strategy is to offer a unified platform that ties together point‑of‑sale, ordering, loyalty, and back‑office tools. This breadth and integration can create meaningful switching costs for customers, since replacing multiple connected systems is disruptive and expensive. Compared with some rivals that cater more to small and mid‑sized restaurants, PAR’s enterprise orientation gives it a differentiated spot in the market. That said, restaurant technology is highly competitive, and PAR faces well‑funded players, so maintaining this edge will depend on execution and continued product improvement.

Innovation and R&D

Innovation and R&D Innovation is a clear strength. PAR has shifted from mainly hardware to a modern cloud platform that combines software, hardware, and data. It is leaning into open architectures so restaurants can plug in third‑party apps, and it is layering on AI tools for operational insights, labor and waste reduction, and personalized guest engagement. Products like the loyalty platform, gamified customer engagement, and integrated ordering show a willingness to experiment beyond basic POS. The “Better Together” strategy—encouraging customers to adopt multiple PAR solutions—relies on ongoing R&D, strong integrations, and smooth execution of acquisitions, all of which introduce both upside potential and integration risk.

Summary

PAR looks like a company in transition from legacy hardware vendor to modern, cloud‑based restaurant technology platform. Revenue and gross profit have grown well, and losses are narrowing, but the business is not yet consistently profitable and still burns cash. The balance sheet is stronger than in the past, with higher equity and stable debt, yet liquidity and leverage remain important to monitor. Competitively, PAR benefits from a unified platform, enterprise focus, and switching costs, giving it a narrow but meaningful moat in a crowded space. Its heavy emphasis on innovation—especially AI‑enabled tools and integrated engagement offerings—supports the long‑term story, while also raising the bar for flawless execution and careful cash management in the coming years.

NEWS

November 28, 2025 · 10:12 AM UTC

PAR Technology Corporation to Participate at UBS Global Technology and AI Conference

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November 20, 2025 · 7:30 AM UTC

Erbert & Gerbert's Transforms Operations with PAR's Unified Restaurant Platform

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November 17, 2025 · 3:29 PM UTC

PAR Technology Corporation to Participate at Stephens Annual Investment Conference

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November 12, 2025 · 7:30 AM UTC

PAR Technology Debuts the Future of Large-Scale Catering for Foodservice Brands

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November 6, 2025 · 4:05 PM UTC

PAR Technology Corporation Announces Third Quarter 2025 Results

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