PAR TECHNOLOGY CORP

Listed Company

PARCIK 0000708821NYSELarge AcceleratedCalculating & Accounting Machines (No Electronic Computers)DelawareFY ends Dec 31

Period

FY 2025

Revenue

$455.55M

Net Income

$-84.46M

Total Assets

$1.37B

Equity

$825.15M

Shares Out

41.15M

Op. Cash Flow

$-27.16M

Business

PAR TECHNOLOGY CORP is a global foodservice technology company that provides omnichannel cloud-based software and hardware solutions to restaurants and retail operators. It offers subscription services (including customer engagement and loyalty, digital ordering and delivery, operational intelligence, and payment processing), durable point-of-sale and in-store hardware, and professional services such as installation, repair, training, and technical support. Its product organization centers on Engagement Cloud and Operator Cloud product lines alongside hardware and services. PAR distributes solutions globally to enterprise restaurants, franchisees, convenience and fuel retailers, and other retail venues through direct sales and channel partners and its platform is used in more than 110 countries.

Summary from filing dated 2025-03-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues, net	456	350	277	262	283
Total cost of sales	258	204	187	181	221
Gross margin	198	146	89	82	62
Sales and marketing	49	42	39	35	24
General and administrative	123	109	72	70	60
Research and development	82	67	58	49	35
Amortization of identifiable intangible assets	13	8	2	2	2
Adjustment to contingent consideration liability	0	−600,000	−9	−4	0
Gain on insurance proceeds	0	−495,000	−500,000	0	−4
Total operating expenses	267	225	161	151	116
Operating loss	−69	−79	−72	−69	−54
Other (expense) income, net	−1	1	−485,000	−1	−1
Loss on extinguishment of debt	−6	−7	−635,000	0	−12
Interest expense, net	−6	−10	−7	−9	—
Loss from continuing operations before income taxes	−82	−95	−80	−79	−85
(Provision for) benefit from income taxes	−3	5	−2	−1	9
Net loss from continuing operations	−85	−90	−82	−80	—
Net income from discontinued operations	197,000	85	12	11	—
Net loss	−84	−5	−70	−69	−76
Continuing operations, basic (in dollars per share)	−2.09	−2.63	−2.96	−2.95	—
Continuing operations, diluted (in dollars per share)	−2.09	−2.63	−2.96	−2.95	—
Discontinued operations, basic (in dollars per share)	0	2.49	0.43	0.4	—
Discontinued operations, diluted (in dollars per share)	0	2.49	0.43	0.4	—
Total, basic (in dollars per share)	−2.09	−0.14	−2.53	−2.55	−3.02
Total, diluted (in dollars per share)	−2.09	−0.14	−2.53	−2.55	−3.02
Weighted average shares outstanding, basic (in shares)	40	34	28	27	25
Weighted average shares outstanding, diluted (in shares)	40	34	28	27	25

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	80	108	37	70	188
Cash held on behalf of customers	14	13	10	7	0
Short-term investments	579,000	524,000	37	40	0
Accounts receivable net	82	60	43	60	50
Inventories	27	22	24	38	35
Other current assets	30	14	8	9	10
Total current assets	233	218	181	224	283
Property, plant and equipment net	13	14	16	13	14
Goodwill	898	887	489	486	457
Intangible assets net	203	237	94	111	119
Lease right-of-use assets	8	8	3	4	4
Other assets	13	16	18	16	11
Total Assets	1,369	1,381	803	855	888
Current portion of long-term debt	20	0	—	0	705,000
Accounts payable	39	35	26	23	21
Accrued salaries and benefits	25	22	14	19	17
Accrued expenses	12	14	4	7	5
Customers payable	14	13	10	7	0
Lease liabilities current portion	2	2	1	1	2
Customer deposits and deferred service revenue	28	25	9	11	14
Total current liabilities	141	112	80	68	61
Lease liabilities net of current portion	6	6	2	3	2
Long-term debt	374	368	378	389	306
Deferred service revenue noncurrent	2	2	4	5	8
Other long-term liabilities	21	21	4	15	7
Total liabilities	544	509	470	480	384
Commitments and Contingencies (Note 14)	—	—	—	—	—
Preferred stock, $.02 par value, 1,000,000 shares authorized, none outstanding	0	0	0	0	0
Common stock, $.02 par value, 116,000,000 shares authorized; 42,226,765 and 40,187,671 shares issued, 40,653,932 and 38,717,366 outstanding at December 31, 2025 and December 31, 2024, respectively	836,000	798,000	584,000	570,000	562,000
Additional paid in capital	1,226	1,085	625	595	641
Equity consideration payable	0	108	0	—	—
Accumulated deficit	−364	−280	−275	−205	−123
Accumulated other comprehensive loss	−8	−21	−939,000	−1	−4
Treasury stock, at cost, 1,572,833 and 1,470,305 shares at December 31, 2025 and December 31, 2024, respectively	−29	−22	−17	−14	−11
Total shareholders equity	825	872	333	375	504
Total Liabilities and Shareholders Equity	1,369	1,381	803	855	888

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	49	38	27	26	21
Accretion of debt in interest expense, net	2	2	2	2	9
Accretion of discount on held to maturity investments in interest expense, net	0	480,000	−2	0	0
Current expected credit losses	4	3	579,000	1	1
Provision for obsolete inventory	1	−150,000	−2	69,000	103,000
Stock-based compensation	31	24	14	13	15
Impairment loss	4	225,000	0	1	0
Deferred income tax	−535,000	−11	197,000	−373,000	−10
Accounts receivable	−26	−10	−772,000	−6	2
Inventories	−7	2	16	−3	−14
Other current assets	−15	−3	−1	2	−4
Other assets	3	30,000	−2	−5	−4
Accounts payable	4	4	4	696,000	5
Accrued salaries and benefits	2	8	−265,000	808,000	−270,000
Accrued expenses	−3	2	769,000	−683,000	−6
Customer deposits and deferred service revenue	2	−318,000	−2	−6	−2
Customers payable	692,000	3	3	7	0
Other long-term liabilities	−67,000	−257,000	−412,000	−868,000	−2
Cash used in operating activities - continuing operations	−27	−21	−32	−52	—
Cash (used in) provided by operating activities - discontinued operations	0	−4	15	9	—
Net cash used in operating activities	−27	−25	−17	−43	−53
Cash paid for acquisitions, net of cash acquired	−4	−309	−2	−19	−375
Capital expenditures	−3	−970,000	−5	−1	−1
Capitalization of software costs	−6	−6	−5	−6	−7
Proceeds from company owned life insurance policies	0	3	0	0	—
Proceeds from sale of held to maturity investments	310,000	65	86	24	0
Purchases of held to maturity investments	−351,000	−28	−81	−65	0
Cash used in investing activities - continuing operations	−13	−276	−7	−66	—
Cash provided by (used in) investing activities - discontinued operations	197,000	96	−499,000	−226,000	—
Net cash used in investing activities	−13	−180	−8	−67	−383
Principal payments of long-term debt	−94	0	0	−705,000	−4
Proceeds from private placement of common stock, net of issuance costs	0	194	0	0	215
Proceeds from debt issuance, net of original issue discount	111	87	0	0	0
Treasury stock acquired from employees upon vesting or forfeiture of restricted stock	−7	−5	−3	−3	−5
Proceeds from exercise of stock options	466,000	2	1	1	1
Proceeds from employee stock purchase plan	1	989,000	0	0	—
Cash paid for debt extinguishment	0	−1	0	0	—
Net cash provided by (used in) financing activities	12	279	−2	−3	444
Effect of exchange rate changes on cash and cash equivalents	136,000	857,000	−4	1	273,000
Net (decrease) increase in cash, cash equivalents, and cash held on behalf of customers	−28	74	−30	−111	8
Cash paid for income taxes	6	2	3	1	0
Capitalized software recorded in accounts payable	56,000	31,000	38,000	27,000	48,000
Capital expenditures in accounts payable	210,000	76,000	139,000	75,000	26,000
Common stock issued for acquisition	108	133	0	6	110

Filings

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