PAR TECHNOLOGY (PAR) Company Report

PAR, a software provider for enterprise restaurant chains, is experiencing increased bookings in 2025 despite a weak restaurant market, as customers seek digital engagement and modern POS systems to address declining traffic and rising costs.
The company anticipates mid-teens organic ARR growth, with potential to reach 20%+ driven by a strong pipeline of large "tier one" deals (historically 1,000+ stores, now "many thousands").
Recent acquisitions, Task and Stuzo, have expanded PAR's addressable market into international regions and the convenience store sector, which includes approximately 150,000 enterprise C-stores in the U.S..
Hardware and professional services margins were negatively impacted in Q3 2025 by tariffs, but PAR is passing these costs to customers and expects a return to normal gross margins in the next year.

2 days ago

Transcript

PAR Discusses Integrated Solutions, Market Growth, and Strategic Acquisitions at UBS Conference

PAR

New Projects/Investments

M&A

Revenue Acceleration/Inflection

PAR specializes in providing integrated software solutions including point-of-sale (POS), back office, online ordering, and loyalty to large enterprise restaurant chains, operating in a distinct market from down-market competitors.
Despite a weak restaurant market in 2025, PAR has seen a strong bookings year, benefiting from increased demand for customer engagement and robust POS systems during challenging times.
The company projects mid-teens or higher organic Annual Recurring Revenue (ARR) growth, with potential to exceed 20% through the successful closure of several large, "tier one" deals currently in its robust pipeline.
Strategic acquisitions such as Task for international expansion and Stuzo for the convenience store market are expanding PAR's addressable market and product portfolio, with Task showing early signs of transformative global brand opportunities.
Hardware and professional services margins faced pressure in Q3 due to tariffs, but PAR expects these margins to normalize in Q4 and into next year as the costs are passed on to customers.

2 days ago

Transcript

PAR Discusses Business Strategy, Market Trends, and Growth Drivers at UBS Conference

PAR

M&A

New Projects/Investments

Revenue Acceleration/Inflection

PAR provides integrated software solutions, including point-of-sale, back office, online ordering, and loyalty, primarily to large enterprise restaurant chains in the quick service and fast casual categories, and is expanding into convenience stores.
The company has significantly expanded its market presence, now operating in 30,000 point-of-sale sites and 80,000 loyalty sites, gaining share from legacy providers like Oracle and NCR Global Payments.
Strategic acquisitions in 2024, such as Task for international expansion and Stuzo for the convenience store market, are aimed at broadening PAR's total addressable market and enhancing its product portfolio.
Despite a weak restaurant market in 2025, PAR has experienced strong bookings, as current economic pressures encourage restaurants to invest in digital engagement products and modern point-of-sale systems.
PAR anticipates mid-teens or higher organic ARR growth, with potential to accelerate to 20%+ through the successful capture of several large "Tier one" deals (defined as 1,000+ stores) currently in its pipeline.

2 days ago

Transcript

PAR Technology Discusses SaaS Transformation, Strong 2025 Bookings Outlook, and AI Integration

PAR

Product Launch

Revenue Acceleration/Inflection

New Projects/Investments

PAR Technology has transformed from a hardware vendor into a unified cloud-native SaaS platform that powers enterprise restaurants, focusing on a platform approach to integrate solutions like POS, back office, online ordering, and loyalty.
The company anticipates 2025 to be its strongest bookings year ever, driven by a macro climate that accelerates technology adoption and a high cross-sell rate, with 70% of recent deals being multi-product.
PAR is heavily investing in AI integration into its products, having launched Coach AI for Back Office and planning an AI SKU for Loyalty, aiming to make workflows AI-native and leverage unified data.
The company maintains OpEx discipline, with non-GAAP OpEx being flat or down for 18 months and up single digits over three years, supported by cultural focus and AI-driven productivity gains, which supports confidence in achieving mid-teens ARR growth in 2025.

Nov 19, 2025, 5:00 PM

Transcript

PAR Technology Discusses Business Transformation and 2025 Outlook

PAR

Guidance Update

Product Launch

Revenue Acceleration/Inflection

PAR Technology has transformed from a legacy hardware vendor into a unified cloud-native SaaS platform that powers enterprise restaurants, connecting front-of-the-house, loyalty, back office, and payments.
The company anticipates 2025 will be its strongest bookings year in history, driven by significant cross-sell momentum, with 70% of deals being multi-product in recent quarters.
PAR is focused on OpEx containment, with non-GAAP OpEx being flat or down for 18 months and up single digits over a three-year period, while still funding internal investments, including AI.
The product roadmap emphasizes AI-native solutions like Coach AI and AI for Loyalty, alongside continued integration of existing products to deepen its competitive moat.
The company aims to achieve at least mid-teens Annual Recurring Revenue (ARR) growth in 2025.

Nov 19, 2025, 5:00 PM

Transcript

PAR Discusses Platform Strategy, 2025 Bookings Outlook, and AI Integration

PAR

Product Launch

Revenue Acceleration/Inflection

New Projects/Investments

PAR Technology has transformed from a hardware vendor into a unified cloud-native SaaS platform that powers enterprise restaurants, providing integrated front-to-back solutions including online ordering, loyalty, POS, and back office.
The company expects 2025 to be its strongest bookings year ever, driven by increased demand for loyalty and digital solutions, even amidst a challenging macro climate for restaurants.
70% of PAR's deals in recent quarters have been multi-product, demonstrating significant cross-sell success, with the average customer now utilizing 1.9 to 2 products.
A key strategic focus is integrating AI into its products, including the recently launched "Coach AI" for Back Office and an upcoming AI SKU for Loyalty, to unify data and embed AI into customer workflows.
Software gross margins are strong at 66-70%, and incremental gross margin dollars largely flow to the bottom line due to tight operational expenses.

Nov 19, 2025, 5:00 PM

Transcript

PAR Technology Reports Strong Q3 2025 Financial Results with Significant ARR Growth

PAR

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

PAR Technology reported total revenues of $119.183 million for Q3 2025, with Subscription Service revenue increasing 25% year-over-year.
The company achieved Adjusted EBITDA of $5.8 million in Q3 2025, marking a $3.4 million increase from Q3 2024, alongside $8.4 million in positive operating cash flow.
Annual Recurring Revenue (ARR) reached $298.4 million in Q3 2025, reflecting 22% year-over-year growth and 17% annualized sequential growth.
PAR continues its focus as a pure play food service technology company, emphasizing a unified platform strategy.

Nov 6, 2025, 9:30 PM

Presentation

PAR Reports Strong Q3 2025 Results with Revenue and ARR Growth

PAR

Earnings

Revenue Acceleration/Inflection

Product Launch

PAR reported Q3 2025 revenue of $119 million, a 23% increase year-over-year, driven by 25% growth in subscription service revenue.
Adjusted EBITDA for Q3 2025 was $5.8 million, or $6.6 million excluding non-period accounting adjustments, representing a $3.4 million improvement from Q3 2024.
Annual Recurring Revenue (ARR) reached $298.4 million at the end of Q3, growing 15% organically and increasing $12 million sequentially.
The company achieved non-GAAP net income of $2.5 million (or $0.06 earnings per share) for Q3 2025 and generated positive operating cash flow of $8 million for the quarter.
PAR launched PAR AI with its first product, Coach AI, now live, and anticipates nearly $450 million in revenue for FY 2025, with approximately two-thirds recurring SaaS.

Nov 6, 2025, 9:30 PM

Transcript

PAR Technology Corporation Announces Third Quarter 2025 Results

PAR

Earnings

Revenue Acceleration/Inflection

Product Launch

PAR Technology Corporation reported total revenue of $119.2 million for Q3 2025, marking a 23.2% increase compared to Q3 2024.
Annual Recurring Revenue (ARR) reached $298.4 million at the end of Q3 2025, demonstrating 22% total growth year-over-year and 17% annualized sequential growth from Q2 2025.
The company achieved Adjusted EBITDA of $5.8 million in Q3 2025, an increase of $3.4 million from Q3 2024, while the Net Loss from Continuing Operations improved by $2.5 million to $(18.2) million.
PAR Technology launched PAR AI, an intelligence layer integrated into its product suite, during Q3 2025.

Nov 6, 2025, 9:04 PM

8-K

PAR Technology Highlights Integrated Platform and Growth Strategy

PAR

New Projects/Investments

M&A

Integrated platform enables seamless connection between guest engagement and back office operations to resolve fragmented technology challenges in restaurants and convenience stores.
Growth strategy underpinned by targeted acquisitions, multi-product deals, and international expansion aimed at further product integration and revenue growth.

Jun 4, 2025, 9:41 PM

Earnings Transcripts

Quarterly earnings call transcripts for PAR TECHNOLOGY.

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