Significant Revenue Growth
PAR Technology reported $104 million in revenues for Q1 2025, marking an increase of more than 48% year-over-year.
Subscription Services Revenue Surge
Subscription services revenue increased by 78% to $68.4 million, with 20% organic growth compared to Q1 2024.
Total ARR Growth
Total Annual Recurring Revenue (ARR) was reported at $282 million, growing 52% year-over-year with 18% organic growth.
Adjusted EBITDA Improvement
Adjusted EBITDA for the quarter was $4.5 million, a nearly $15 million improvement from Q1 last year.
Multiproduct Deal Success
In Q1, 57% of new signed Engagement deals were multiproduct, up from 16% in Q1 2024, demonstrating the success of PAR's integrated solutions approach.
New Customer Wins
PAR secured several new customer wins, including five new PAR POS customers and a back-office partnership with Popeyes Louisiana Kitchen.