Par Technology Corp (PAR)
NYSE:PAR
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Par Technology
(NYSE:PAR)
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Rating:49Neutral
Price Target:
$13.00
▲(2.52% Upside)
Action:ReiteratedDate:03/18/26
The score is held back primarily by weak financial quality (ongoing losses and persistent cash burn) and bearish technicals with the stock far below major moving averages. Offsetting these are constructive earnings-call signals (ARR momentum, cost reduction plans, improving non-GAAP profitability) and supportive capital actions (refinancing and buybacks), while valuation remains limited by negative earnings and no dividend support.
Positive Factors
ARR momentum and recurring revenue growth
Sustained ARR growth and a record incremental ARR addition show the business is shifting toward predictable, subscription-driven revenue. A larger ARR base supports recurring cash flows, better revenue visibility, and higher lifetime value from customers, improving long-term planning and scaling potential.
Negative Factors
Persistent negative operating and free cash flow
Recurring negative operating and free cash flow forces reliance on external financing to fund operations and growth. This chronic cash-burn profile constrains strategic optionality, increases refinancing risk, and requires sustained capital actions until the business consistently self-funds from subscription cash flows.
Read all positive and negative factors
Positive Factors
Negative Factors
ARR momentum and recurring revenue growth
Sustained ARR growth and a record incremental ARR addition show the business is shifting toward predictable, subscription-driven revenue. A larger ARR base supports recurring cash flows, better revenue visibility, and higher lifetime value from customers, improving long-term planning and scaling potential.
Read all positive factors
Par Technology (PAR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$544.77M
Dividend YieldN/A
Average Volume (3M)2.33M
Price to Earnings (P/E)―
Beta (1Y)1.54
Revenue Growth13.49%
EPS Growth-772.30%
CountryUS
Employees1,581
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.06
Shares Outstanding42,962,852
10 Day Avg. Volume1,510,471
30 Day Avg. Volume2,329,356
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 Cap1.54
Enterprise Value/Revenue1.85
Enterprise Value/Gross Profit4.56
Enterprise Value/Ebitda-31.55
Forecast
1Y Price Target
$33.88Price Target Upside167.15% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)0.55
Revenue Forecast (FY)$494.81M
Par Technology Business Overview & Revenue Model
Company Description
PAR Technology Corporation, together with its subsidiaries, provides technology solutions to the restaurant and retail industries worldwide. The company operates in two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offe...
How the Company Makes Money
PAR makes money primarily by selling restaurant technology software and related services. A key revenue stream is recurring software revenue from cloud-based subscriptions for its restaurant POS and operational software products (customers pay ong...
Par Technology Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Positive
The call presented multiple strong operating and commercial achievements — double-digit top-line growth, record ARR additions, returning to multi-quarter non-GAAP profitability, meaningful enterprise wins (Papa Johns, Shake Shack), high multiproduct attach rates, and early commercialization of AI products (Coach AI, PAR Drive AI). Offsetting these positives are persistent hardware margin pressure and supply-chain/cost constraints, a continued GAAP loss, higher operating spend tied to AI investment, and near-term seasonality with a muted first half of 2026. Overall, the positives around revenue, ARR momentum, product traction and improving non-GAAP profitability materially outweigh the negatives, though execution and supply-chain risks remain and are being actively managed.Positive Updates
Quarterly Revenue Growth
Q4 revenue of $120.1M, up 14% year-over-year, driven primarily by subscription services and higher hardware revenue.
Negative Updates
GAAP Net Loss
Q4 GAAP net loss from continuing operations of $21M ($0.51 loss per share), though improved from $25M a year ago — GAAP profitability has not yet been achieved.
Read all updates
Q4-2025 Updates
Positive
Negative
Quarterly Revenue Growth
Q4 revenue of $120.1M, up 14% year-over-year, driven primarily by subscription services and higher hardware revenue.
Read all positive updates
Company Guidance
Management guided 2026 to mid‑teens organic ARR growth (reiterating “mid‑teens” ARR, with H1 more muted and a substantially stronger H2 and a Q4 exit rate meaningfully higher than Q1/Q2), said they will eliminate roughly $15 million of annualized OpEx by end of Q1 via AI‑driven automation (they report 100% AI adoption in R&D and doubled roadmap velocity), and will redeploy part of those savings into commercial AI products; they expect subscription‑led momentum to continue (subscription services were 63% of Q4 revenue, non‑GAAP subscription service margin ~65.8% in Q4 — 71% excluding one fixed contract), highlighted strong multiproduct attach (80–90%+ of new deals), noted incremental ARR acceleration (record $17M incremental ARR in Q4 and ARR exiting the quarter of ~$315M), warned hardware component cost pressures could persist into 2027, authorized up to $100M of buybacks, and said cash generation should be stronger in H2.Par Technology Financial Statement Overview
Summary
Income Statement
36
Negative
Balance Sheet
58
Neutral
Cash Flow
31
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 455.55M | 349.98M | 276.71M | 262.35M | 282.88M |
| Gross Profit | 184.62M | 146.12M | 89.45M | 81.72M | 62.12M |
| EBITDA | -26.66M | -46.60M | -45.83M | -44.48M | -45.66M |
| Net Income | -84.46M | -4.99M | -69.75M | -69.32M | -75.80M |
Balance Sheet | |||||
| Total Assets | 1.37B | 1.38B | 802.61M | 854.86M | 888.15M |
| Cash, Cash Equivalents and Short-Term Investments | 80.14M | 108.64M | 74.38M | 110.62M | 188.42M |
| Total Debt | 402.36M | 376.66M | 380.91M | 393.37M | 311.26M |
| Total Liabilities | 543.99M | 509.02M | 469.54M | 479.66M | 383.80M |
| Stockholders Equity | 825.15M | 871.71M | 333.06M | 375.19M | 504.35M |
Cash Flow | |||||
| Free Cash Flow | -30.48M | -32.03M | -27.44M | -50.47M | -61.44M |
| Operating Cash Flow | -27.16M | -25.25M | -17.07M | -43.07M | -53.16M |
| Investing Cash Flow | -13.11M | -180.11M | -7.78M | -66.71M | -382.99M |
| Financing Cash Flow | 12.27M | 278.51M | -1.62M | -2.57M | 443.61M |
Par Technology Technical Analysis
Negative
12.68
Price Trends
18.51
Negative
27.18
Negative
38.74
Negative
Market Momentum
-1.71
Negative
31.83
Neutral
49.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PAR, the sentiment is Negative. The current price of 12.68 is below the 20-day moving average (MA) of 13.98, below the 50-day MA of 18.51, and below the 200-day MA of 38.74, indicating a bearish trend. The MACD of -1.71 indicates Negative momentum. The RSI at 31.83 is Neutral, neither overbought nor oversold. The STOCH value of 49.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | $1.84B | 83.96 | 10.50% | ― | 17.77% | -76.05% | |
68 Neutral | $3.27B | 197.73 | 2.22% | ― | 4.89% | 55.80% | |
63 Neutral | $2.89B | 36.75 | 7.99% | ― | 5.71% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | $1.44B | -12.84 | -94.12% | ― | 9.47% | 16.97% | |
49 Neutral | $544.77M | -17.39 | -10.01% | ― | 13.49% | -772.30% |
* Technology Sector Average
PAR
Par Technology
12.68
-45.01
-78.02%
AGYS
Agilysys
65.61
-7.30
-10.01%
CALX
Calix
49.84
15.02
43.14%
ASAN
Asana
6.05
-10.21
-62.79%
GBTG
Global Business Travel Group
5.52
-1.31
-19.18%
Par Technology Corporate Events
Business Operations and StrategyStock BuybackPrivate Placements and FinancingShareholder Meetings
PAR Technology Completes Convertible Notes Offering and Buyback
Positive
Mar 17, 2026
On March 17, 2026, PAR Technology Corporation completed a $265 million private offering of 4.00% Convertible Senior Notes due 2031, structured as unsecured senior obligations with detailed conversion and redemption terms tied to its common stock p...
Business Operations and StrategyStock BuybackFinancial DisclosuresShareholder Meetings
PAR Technology Reports Strong 2025 Growth, Launches Buyback Program
Positive
Feb 26, 2026
On February 26, 2026, PAR Technology reported fourth-quarter and full-year 2025 results, highlighting Annual Recurring Revenue of $315.4 million in Q4 2025, up 16% year on year, with revenue rising 14.4% in the quarter and 30.2% for the full year....
Business Operations and StrategyM&A Transactions
PAR Technology to Acquire Bridg Shopper Intelligence Platform
Positive
Jan 26, 2026
On January 23, 2026, PAR Technology Corporation agreed to acquire substantially all assets of Bridg, the identity resolution and shopper intelligence platform division of Cardlytics, in a transaction valued at $27.5 million with a maximum of $30 m...
Business Operations and StrategyPrivate Placements and Financing
PAR Technology reduces debt through note-for-share exchange
Positive
Jan 15, 2026
On January 14, 2026, PAR Technology Corporation entered into privately negotiated exchange agreements with certain holders of its 2.875% Convertible Senior Notes due 2026 to exchange approximately $17.1 million in aggregate principal amount of the...
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.