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Par Technology
(NYSE:PAR)
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Rating:56Neutral
Price Target:
$17.50
▲(5.87% Upside)
Action:Reiterated
Date:08/07/26
PAR earns a mid-range score primarily because core financial performance remains constrained by ongoing GAAP losses and TTM cash burn, despite strong revenue growth and an improving trajectory. The earnings call meaningfully boosts the outlook due to raised guidance, ARR momentum, and operating leverage progress. Technicals are moderately supportive in the near term but still weak versus the 200-day trend, while valuation is difficult to assess given a negative P/E and no dividend yield.
Positive Factors
Recurring ARR Scale
Sustained ARR growth to $338M (+17% YoY) signals a durable recurring revenue base that underpins predictable cash inflows, supports multi-year revenue visibility, and improves unit economics as subscription penetration expands across its installed base and large-account rollouts convert.
Negative Factors
Persistent GAAP Losses
Ongoing GAAP net losses demonstrate that accounting profitability remains unresolved. Persistent headline losses constrain retained earnings, investor flexibility, and may limit reinvestment capacity until the company consistently reports operating income and converts improved non‑GAAP results into GAAP profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring ARR Scale
Sustained ARR growth to $338M (+17% YoY) signals a durable recurring revenue base that underpins predictable cash inflows, supports multi-year revenue visibility, and improves unit economics as subscription penetration expands across its installed base and large-account rollouts convert.
Read all positive factors
Par Technology (PAR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$787.96M
Dividend YieldN/A
Average Volume (3M)1.05M
Price to Earnings (P/E)―
Beta (1Y)1.60
Revenue Growth18.81%
EPS Growth25.45%
CountryUS
Employees1,805
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-1.77
Shares Outstanding41,362,710
10 Day Avg. Volume713,606
30 Day Avg. Volume1,047,019
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)1.78
Price to Sales (P/S)3.22
P/FCF Ratio-48.17
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$24.92Price Target Upside50.74% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)0.64
Revenue Forecast (FY)$509.43M
Par Technology Business Overview & Revenue Model
Company Description
PAR Technology Corporation, founded in 1968 and headquartered in New Hartford, New York, specializes in delivering innovative technological solutions across two primary business areas globally. Its Restaurant/Retail division provides an extensive ...
How the Company Makes Money
PAR makes money primarily by selling restaurant technology software and associated services to foodservice operators. A core part of its model is recurring revenue from cloud/software subscriptions (SaaS) for its restaurant operating platform and ...
Par Technology Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call communicated broad operational and financial progress: double-digit revenue and ARR growth, substantial adjusted EBITDA improvement, strong hardware sales quarter, greater multiproduct adoption, accelerated AI/tooling deployment, and an upward revision to full-year guidance. Offsetting items include persistent GAAP losses, compressed hardware and services margins (partly due to macro supply-chain/tariff pressures), some one-off contributors, and dependence on successful execution of large rollouts. On balance the positives (growth, margin expansion on a non-GAAP basis, product traction and raised guidance) outweigh the negatives, though execution and margin normalization risks remain.Positive Updates
ARR Growth and Scale
Exited Q2 with approximately $338 million of ARR, up ~17% year-over-year and ~12.3% organic growth, positioning the company for accelerated second-half growth.
Negative Updates
GAAP Net Loss Persists
GAAP net loss of $17 million ($0.41 per share) in Q2, though improved from a $21 million loss ($0.52) in prior-year Q2 — GAAP profitability has not yet been achieved.
Read all updates
Q2-2026 Updates
Positive
Negative
ARR Growth and Scale
Exited Q2 with approximately $338 million of ARR, up ~17% year-over-year and ~12.3% organic growth, positioning the company for accelerated second-half growth.
Read all positive updates
Company Guidance
PAR raised its FY26 outlook after a stronger-than-expected Q2: management now expects Q3 revenue of $128–$132M and adjusted EBITDA of $13.5–$14.5M, and raised full‑year revenue guidance to $516–$523M (from $500–$515M) and adjusted EBITDA to $50–$53M (from $44–$47M), driven by Q2 results that beat the prior high end with total revenue of $133M and adjusted EBITDA of $14.3M (including $1.3M one‑time hardware overperformance; normalized Q2 EBITDA ~$13M), ARR exiting Q2 of ~$338M (+17% YoY, +12.3% organic), subscription revenue of $83M (63% of revenue, subscription gross margin GAAP 55.2%, non‑GAAP 65.1%), hardware revenue of $35M (up 31%) with hardware margins expected to stabilize in the low‑20s, professional services of $15M (margin this quarter 23%, expected mid‑to‑upper‑20s going forward), cash of $77M and FCF of $3M, and operating efficiencies that cut non‑GAAP OpEx to 38% of revenue (a 1,000 bp improvement YoY); management reiterated that back‑half ARR growth should meaningfully outpace the first half as Tier‑1 rollouts (Burger King, Papa John’s) and a large backlog convert.Par Technology Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
62
Positive
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 496.67M | 455.55M | 349.98M | 276.71M | 262.35M | 282.88M |
| Gross Profit | 192.94M | 198.03M | 146.12M | 89.45M | 81.72M | 62.12M |
| EBITDA | -27.30M | -26.66M | -46.60M | -45.83M | -44.48M | -45.66M |
| Net Income | -72.14M | -84.46M | -4.99M | -69.75M | -69.32M | -75.80M |
Balance Sheet | ||||||
| Total Assets | 1.37B | 1.37B | 1.38B | 802.61M | 854.86M | 888.15M |
| Cash, Cash Equivalents and Short-Term Investments | 14.70M | 80.14M | 108.64M | 74.38M | 110.62M | 188.42M |
| Total Debt | 431.54M | 402.36M | 376.66M | 380.91M | 393.37M | 311.26M |
| Total Liabilities | 556.10M | 543.99M | 509.02M | 469.54M | 479.66M | 383.80M |
| Stockholders Equity | 813.77M | 825.15M | 871.71M | 333.06M | 375.19M | 504.35M |
Cash Flow | ||||||
| Free Cash Flow | -18.74M | -30.48M | -32.03M | -27.44M | -50.47M | -61.44M |
| Operating Cash Flow | -12.78M | -27.16M | -25.25M | -17.07M | -43.07M | -53.16M |
| Investing Cash Flow | -11.89M | -13.11M | -180.11M | -7.78M | -66.71M | -382.99M |
| Financing Cash Flow | 16.42M | 12.27M | 278.51M | -1.62M | -2.57M | 443.61M |
Par Technology Technical Analysis
Positive
16.53
Price Trends
16.45
Positive
15.24
Positive
22.44
Negative
Market Momentum
0.55
Negative
64.62
Neutral
77.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PAR, the sentiment is Positive. The current price of 16.53 is below the 20-day moving average (MA) of 17.10, above the 50-day MA of 16.45, and below the 200-day MA of 22.44, indicating a neutral trend. The MACD of 0.55 indicates Negative momentum. The RSI at 64.62 is Neutral, neither overbought nor oversold. The STOCH value of 77.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PAR.
Par Technology Risk Analysis
Par Technology disclosed 30 risk factors in its most recent earnings report. Par Technology reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Par Technology Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $628.98M | 21.57 | 12.98% | ― | 9.62% | -99.69% | |
68 Neutral | $875.08M | -60.89 | -5.93% | ― | 9.63% | 55.51% | |
64 Neutral | $594.47M | 18.28 | 32.32% | ― | 2.43% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | $95.99M | -5.84 | -7.36% | ― | -6.16% | 84.49% | |
57 Neutral | $436.80M | -21.55 | -24.96% | ― | 16.73% | 35.67% | |
56 Neutral | $787.96M | -10.76 | -8.73% | ― | 18.81% | 25.45% |
* Technology Sector Average
PAR
Par Technology
19.05
-33.20
-63.54%
YEXT
Yext
5.93
-2.87
-32.61%
THRY
Thryv Holdings
2.16
-11.34
-84.00%
VTEX
VTEX
3.74
-0.31
-7.65%
RSKD
Riskified
6.54
2.11
47.63%
WEAV
Weave Communications
5.46
-2.54
-31.75%
Par Technology Corporate Events
Business Operations and StrategyFinancial Disclosures
PAR Technology Reports Strong Q2 Growth and Profitability
Positive
Aug 6, 2026
PAR Technology reported that for the second quarter ended June 30, 2026, revenue rose 19% year over year to $133.4 million, while annual recurring revenue reached $338.0 million and active sites totaled 174,300, underscoring accelerating topline g...
Executive/Board ChangesShareholder Meetings
Par Technology Shareholders Approve Governance and Compensation Measures
Positive
Jun 3, 2026
Par Technology held its annual meeting on May 29, 2026, where shareholders elected seven directors, including Linda M. Crawford, Keith E. Pascal, and CEO Savneet Singh, to serve on the board until the 2027 annual meeting. Shareholders also approve...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.