Loading…
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% | - |
| 2024 | $350M | $-47M | $-5M | $-32M | -0.6% | 26.5% | - |
| 2023 | $277M | $-46M | $-70M | $-27M | -20.9% | 5.5% | - |
| 2022 | $262M | $-44M | $-69M | $-50M | -18.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | -73.46 | -81.42 | -80.19 | -68.77 |
| EBITDA | -44.48 | -45.83 | -46.60 | -26.66 |
| EBIT | -70.13 | -72.84 | -84.51 | -75.68 |
| Pretax Income | -78.94 | -79.77 | -94.68 | -81.73 |
| Tax Provision | 1.13 | 1.85 | -4.77 | 2.92 |
| Net Income | -69.32 | -69.75 | -4.99 | -84.46 |
| Net Income Common Stockholders | -69.32 | -69.75 | -4.99 | -84.46 |
| Total Expenses | 335.81 | 358.13 | 430.17 | 524.32 |
| Interest Expense | 8.81 | 6.93 | 10.17 | 6.05 |
| Research And Development | 48.64 | 58.36 | 67.26 | 81.77 |
| Selling General And Administration | 104.67 | 110.65 | 150.61 | 171.62 |
| Normalized EBITDA | -48.88 | -54.89 | -41.14 | -20.87 |
| Normalized Income | -83.55 | -88.78 | -84.72 | -80.08 |
| Basic EPS | -2.55 | -2.53 | -0.14 | -2.09 |
| Diluted EPS | -2.55 | -2.53 | -0.14 | -2.09 |
| Tax Effect Of Unusual Items | 0.92 | 1.90 | -0.27 | -1.22 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.05 | 0.21 |
| 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 From Continuing Operation Net Minority Interest | -80.07 | -81.62 | -89.91 | -84.66 |
| Reconciled Depreciation | 25.64 | 27.01 | 37.91 | 49.02 |
| Reconciled Cost Of Revenue | 156.85 | 162.11 | 174.40 | 221.91 |
| Net Interest Income | -8.81 | -6.93 | -10.17 | -6.05 |
| Net Income From Continuing And Discontinued Operation | -69.32 | -69.75 | -4.99 | -84.46 |
| Total Operating Income As Reported | -69.06 | -71.72 | -79.10 | -68.77 |
| Diluted Average Shares | 27.15 | 27.55 | 34.16 | 40.47 |
| Basic Average Shares | 27.15 | 27.55 | 34.16 | 40.47 |
| Diluted NI Availto Com Stockholders | -69.32 | -69.75 | -4.99 | -84.46 |
| Net Income Including Noncontrolling Interests | -69.32 | -69.75 | -4.99 | -84.46 |
| Net Income Discontinuous Operations | 10.75 | 11.87 | 84.92 | 0.20 |
| Net Income Continuous Operations | -80.07 | -81.62 | -89.91 | -84.66 |
| Other Income Expense | 3.33 | 8.58 | -4.32 | -6.91 |
| Other Non Operating Income Expenses | -1.07 | -0.48 | 1.15 | -1.12 |
| Special Income Charges | 4.40 | 9.06 | -5.46 | -5.79 |
| Other Special Charges | 0 | 0.14 | 6.07 | 5.79 |
| Restructuring And Mergern Acquisition | -4.40 | -9.20 | -0.60 | 0 |
| Net Non Operating Interest Income Expense | -8.81 | -6.93 | -10.17 | -6.05 |
| Interest Expense Non Operating | 8.81 | 6.93 | 10.17 | 6.05 |
| 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 |
| Amortization | 1.86 | 1.86 | 8.45 | 13.41 |
| Amortization Of Intangibles Income Statement | 1.86 | 1.86 | 8.45 | 13.41 |
| Selling And Marketing Expense | 34.90 | 38.51 | 41.71 | 48.91 |
| General And Administrative Expense | 69.77 | 72.14 | 108.90 | 122.71 |
| Other Gand A | 69.77 | 72.14 | 108.90 | 122.71 |
| Operating Revenue | 262.35 | 276.71 | 349.98 | 455.55 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| PAR Technology Corporationthis co. | PAR | $551M | - | 0.66 | -10.2% | -21.78 |
| Mitek Systems, Inc. | MITK | $617M | 38.89 | 2.64 | 3.7% | 14.70 |
| WhiteFiber, Inc. | WYFI | $584M | - | 1.21 | -5.1% | -66.69 |
| PagerDuty, Inc. | PD | $563M | 3.56 | 2.22 | 64.1% | 25.57 |
| Mesa Laboratories, Inc. | MLAB | $529M | 147.32 |
| 2.83 |
| -1.2% |
| 15.82 |
| Grid Dynamics Holdings, Inc. | GDYN | $502M | 50.50 | 0.90 | 1.8% | 7.03 |
| International Money Express, Inc. | IMXI | $480M | 14.74 | 2.94 | 20.3% | 5.96 |
| Frequency Electronics, Inc. | FEIM | $464M | 64.62 | 7.70 | 42.6% | 54.74 |
| Paysafe Limited | PSFE | $464M | - | 0.71 | -27.9% | 7.05 |
| Peer Median | - | 44.69 | 2.43 | 2.7% | 10.88 | |