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PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based software and hardware solutions for the restaurant and retail industries worldwide. The company offers Punchh and PAR Ordering products and services for customer loyalty, engagement, and omnichannel digital ordering and delivery; PAR RETAIL, a digital engagement software solution; and PLEXURE, an international customer engagement and loyalty platform under the ENGAGEMENT CLOUD. It also provides PAR POS, a point-of-sale solution; TASK, an enterprise-grade technology solution; PAR OPS, which includes Data Central and Delaget; and PAR PAY, such as PAR payment services, and merchant services under the OPERATOR CLOUD. In addition, the company offers point-of-sale terminals and tablets, wireless headsets, drive-thru systems, kitchen display systems, kiosks, printers, payment devices, and other in-store peripherals. Further it provides services, such as hardware repair, installation and implementation, training, and on-site and technical support services. It serves enterprise restaurants, franchisees, and other restaurant outlets and to C-Stores; and other retail customers, including amusement parks, cinemas, cruise lines, spas, casinos, and other ticketing and entertainment venues. The company was founded in 1968 and is headquartered in New Hartford, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $456M | $-27M | $-84M | $-36M | -10.2% | 30.2% | 1593.6% |
| 2024 | $350M | $-47M | $-5M | $-32M | -0.6% | 26.5% | -92.9% |
| 2023 | $277M | $-46M | $-70M | $-27M | -20.9% | 5.5% | 0.6% |
| 2022 | $262M | $-44M | $-69M | $-50M | -18.5% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 262.35 | 276.71 | 349.98 | 455.55 |
| Operating Revenue | - | 262.35 | 276.71 | 349.98 | 455.55 |
| Cost Of Revenue | - | 180.63 | 187.27 | 203.86 | 257.52 |
| Gross Profit | - | 81.72 | 89.45 | 146.12 | 198.03 |
| Operating Expense | - | 155.18 | 170.87 | 226.32 | 266.80 |
| Research And Development | - | 48.64 | 58.36 | 67.26 | 81.77 |
| Selling General And Administration | - | 104.67 | 110.65 | 150.61 | 171.62 |
| Total Expenses | - | 335.81 | 358.13 | 430.17 | 524.32 |
| Operating Income | - | -73.46 | -81.42 | -80.19 | -68.77 |
| Total Operating Income As Reported | - | -69.06 | -71.72 | -79.10 | -68.77 |
| EBITDA | - | -44.48 | -45.83 | -46.60 | -26.66 |
| Normalized EBITDA | - | -48.88 | -54.89 | -41.14 | -20.87 |
| EBIT | - | -70.13 | -72.84 | -84.51 | -75.68 |
| Interest Expense | - | 8.81 | 6.93 | 10.17 | 6.06 |
| Net Interest Income | - | -8.81 | -6.93 | -10.17 | -6.06 |
| Other Non Operating Income Expenses | - | -1.07 | -0.48 | 1.15 | -1.12 |
| Other Income Expense | - | 3.33 | 8.58 | -4.32 | -6.91 |
| Interest Expense Non Operating | - | 8.81 | 6.93 | 10.17 | 6.06 |
| Net Non Operating Interest Income Expense | - | -8.81 | -6.93 | -10.17 | -6.06 |
| Pretax Income | - | -78.94 | -79.77 | -94.68 | -81.74 |
| Tax Provision | - | 1.13 | 1.85 | -4.77 | 2.92 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.92 | 1.90 | -0.27 | -1.22 |
| Net Income Continuous Operations | - | -80.07 | -81.62 | -89.91 | -84.66 |
| Net Income From Continuing And Discontinued Operation | - | -69.32 | -69.75 | -4.99 | -84.46 |
| Net Income From Continuing Operation Net Minority Interest | - | -80.07 | -81.62 | -89.91 | -84.66 |
| Net Income | - | -69.32 | -69.75 | -4.99 | -84.46 |
| Net Income Common Stockholders | - | -69.32 | -69.75 | -4.99 | -84.46 |
| Net Income Including Noncontrolling Interests | - | -69.32 | -69.75 | -4.99 | -84.46 |
| Normalized Income | - | -83.55 | -88.78 | -84.72 | -80.08 |
| Diluted NI Availto Com Stockholders | - | -69.32 | -69.75 | -4.99 | -84.46 |
| Basic Average Shares | - | 27.15 | 27.55 | 34.16 | 40.47 |
| Diluted Average Shares | - | 27.15 | 27.55 | 34.16 | 40.47 |
| Reconciled Depreciation | - | 25.64 | 27.01 | 37.91 | 49.02 |
| Reconciled Cost Of Revenue | - | 156.85 | 162.11 | 174.40 | 221.91 |
| Total Unusual Items | - | 4.40 | 9.06 | -5.46 | -5.79 |
| Total Unusual Items Excluding Goodwill | - | 4.40 | 9.06 | -5.46 | -5.79 |
| Net Income Discontinuous Operations | - | 10.75 | 11.87 | 84.92 | 0.20 |
| Special Income Charges | - | 4.40 | 9.06 | -5.46 | -5.79 |
| Other Special Charges | 7.52 | - | 0.14 | 6.06 | 5.79 |
| Restructuring And Mergern Acquisition | - | -4.40 | -9.20 | -0.60 | 0 |
| Depreciation Amortization Depletion Income Statement | - | 1.86 | 1.86 | 8.45 | 13.41 |
| Depreciation And Amortization In Income Statement | - | 1.86 | 1.86 | 8.45 | 13.41 |
| General And Administrative Expense | - | 69.77 | 72.14 | 108.90 | 122.71 |
| Other Gand A | - | 69.77 | 72.14 | 108.90 | 122.71 |
| Selling And Marketing Expense | - | 34.90 | 38.51 | 41.71 | 48.91 |
| Amortization | - | 1.86 | 1.86 | 8.45 | 13.41 |
| Amortization Of Intangibles Income Statement | - | 1.86 | 1.86 | 8.45 | 13.41 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| PAR Technology Corporationthis co. | PAR | $598M | -7.09 | 0.73 | -10.2% | -34.55 |
| VTEX | VTEX | $636M | 31.78 | 2.72 | 8.6% | 29.15 |
| Consensus Cloud Solutions, Inc. | CCSI | $632M | 7.48 | 45.90 | 613.7% | 6.70 |
| Clearfield, Inc. | CLFD | $605M | -75.10 | 2.36 | -3.1% | 40.02 |
| Mesa Laboratories, Inc. | MLAB | $603M |
| - |
| - |
| - |
| - |
| - |
| - |
| -305.44 |
| 3.77 |
| -1.2% |
| 17.88 |
| Grid Dynamics Holdings, Inc. | GDYN | $583M | 60.29 | 1.08 | 1.8% | 11.11 |
| PowerFleet, Inc. | AIOT | $567M | - | 14.73 | -11.4% | 37.91 |
| Cerence Inc. | CRNC | $557M | - | 3.70 | -12.4% | 57.48 |
| i3 Verticals, Inc. | IIIV | $555M | 31.04 | 1.42 | 4.6% | 11.46 |
| Peer Median | - | 19.26 | 3.21 | 0.3% | 23.52 | |