Par Technology (PAR)
NYSE:PAR
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Par Technology
(NYSE:PAR)
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Rating:50Neutral
Price Target:
$14.50
▲(2.26% Upside)
Action:Reiterated
Date:05/09/26
The score is held back primarily by weak financial performance (ongoing losses and negative operating/free cash flow) and a bearish longer-term technical trend (well below 100/200-day averages). These are partially offset by a constructive earnings call with initiated guidance and improving adjusted EBITDA/cash flow expectations, while valuation provides limited support due to negative earnings and no dividend yield.
Positive Factors
Recurring revenue / ARR growth
Durable subscription mix and ARR expansion increase predictable cash flows and reduce revenue cyclicality. A 63% subscription share and 16% ARR growth support cross-sell, higher retention economics, and long-term revenue visibility as the business shifts toward recurring software revenues.
Negative Factors
Negative cash generation
Sustained negative operating and free cash flow constrains reinvestment and forces reliance on external capital to fund growth or cover losses. Continued cash burn elevates refinancing and dilution risk, making long-term execution and the path to self-funded operations more uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue / ARR growth
Durable subscription mix and ARR expansion increase predictable cash flows and reduce revenue cyclicality. A 63% subscription share and 16% ARR growth support cross-sell, higher retention economics, and long-term revenue visibility as the business shifts toward recurring software revenues.
Read all positive factors
Par Technology (PAR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$604.26M
Dividend YieldN/A
Average Volume (3M)1.59M
Price to Earnings (P/E)―
Beta (1Y)1.52
Revenue Growth23.94%
EPS Growth-630.81%
CountryUS
Employees1,581
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-1.88
Shares Outstanding41,246,200
10 Day Avg. Volume1,841,438
30 Day Avg. Volume1,593,863
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 Cap1.59
Enterprise Value/Revenue2.02
Enterprise Value/Gross Profit5.13
Enterprise Value/Ebitda-63.35
Forecast
1Y Price Target
$29.80Price Target Upside110.15% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)0.52
Revenue Forecast (FY)$494.73M
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:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call emphasized strong top-line growth, meaningful improvements in recurring revenue (ARR), and a notable move toward profitability with adjusted EBITDA growth and formal guidance—driven by subscription momentum, hardware and professional services gains, and accelerating AI initiatives (PAR Intelligence and Bridge). Offsetting items included a GAAP net loss, nonrecurring severance-driven G&A increases, margin pressure from tariffs and hardware mix, and a concentrated churn/offboarding event in Engagement that temporarily depressed ARR. Management communicated confidence in continued operating leverage, working-capital improvements, and the monetization path for AI, leading to a constructive outlook.Positive Updates
Top-Line Growth
Total revenue of $124 million in Q1 2026, up ~19% year over year (19.4% cited), driven by strength in subscription services and hardware.
Negative Updates
GAAP Net Loss
Net loss from continuing operations of $16 million ($0.39 per share) in Q1 2026, although improved from a $25 million loss ($0.61 per share) in Q1 2025.
Read all updates
Q1-2026 Updates
Positive
Negative
Top-Line Growth
Total revenue of $124 million in Q1 2026, up ~19% year over year (19.4% cited), driven by strength in subscription services and hardware.
Read all positive updates
Company Guidance
Management initiated formal guidance calling for Q2 2026 revenue of $122.5M–$127.5M and adjusted EBITDA of $9.5M–$11.5M, and full‑year 2026 revenue of $500M–$515M with adjusted EBITDA of $44M–$47M (which includes roughly $10M of subscription revenue from the Bridge acquisition with minimal EBITDA impact); this follows Q1 results of $124M total revenue, $8.9M adjusted EBITDA, ARR of $330M (up 16% YoY, organic ARR +11%), subscription revenue of $79M (63% of total), hardware $29M (+34%), professional services $16M (+19%), non‑GAAP OpEx of 43.3% of revenue (650 bps improvement), cash of $77M, and an expectation of sequential OpEx declines each quarter in 2026, expanding adjusted EBITDA margins, hardware margins stabilizing in the low‑20s, positive operating cash flow for the remainder of the year, a mid‑teens ARR growth target, and an in‑year PAR Intelligence adoption goal of >50,000 sites.Par Technology Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
62
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 475.66M | 455.55M | 349.98M | 276.71M | 262.35M | 282.88M |
| Gross Profit | 187.35M | 198.03M | 146.12M | 89.45M | 81.72M | 62.12M |
| EBITDA | -15.17M | -26.66M | -46.60M | -45.83M | -44.48M | -45.66M |
| Net Income | -76.28M | -84.46M | -4.99M | -69.75M | -69.32M | -75.80M |
Balance Sheet | ||||||
| Total Assets | 1.39B | 1.37B | 1.38B | 802.61M | 854.86M | 888.15M |
| Cash, Cash Equivalents and Short-Term Investments | 77.81M | 80.14M | 108.64M | 74.38M | 110.62M | 188.42M |
| Total Debt | 433.82M | 402.36M | 376.66M | 380.91M | 393.37M | 311.26M |
| Total Liabilities | 564.72M | 543.99M | 509.02M | 469.54M | 479.66M | 383.80M |
| Stockholders Equity | 826.43M | 825.15M | 871.71M | 333.06M | 375.19M | 504.35M |
Cash Flow | ||||||
| Free Cash Flow | -28.72M | -30.48M | -32.03M | -27.44M | -50.47M | -61.44M |
| Operating Cash Flow | -26.63M | -27.16M | -25.25M | -17.07M | -43.07M | -53.16M |
| Investing Cash Flow | -10.40M | -13.11M | -180.11M | -7.78M | -66.71M | -382.99M |
| Financing Cash Flow | 19.34M | 12.27M | 278.51M | -1.62M | -2.57M | 443.61M |
Par Technology Technical Analysis
Neutral
14.18
Price Trends
13.99
Positive
20.67
Negative
30.73
Negative
Market Momentum
0.07
Negative
51.60
Neutral
40.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PAR, the sentiment is Neutral. The current price of 14.18 is below the 20-day moving average (MA) of 14.26, above the 50-day MA of 13.99, and below the 200-day MA of 30.73, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 51.60 is Neutral, neither overbought nor oversold. The STOCH value of 40.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $2.29B | 51.44 | 12.72% | ― | 15.85% | 63.44% | |
69 Neutral | $4.91B | 13.76 | 5.79% | ― | 20.67% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $2.45B | 73.55 | 4.25% | ― | 28.38% | ― | |
57 Neutral | $1.62B | -18.96 | -94.12% | ― | 9.25% | 28.34% | |
50 Neutral | $604.26M | -8.45 | -9.11% | ― | 23.94% | -630.81% |
* Technology Sector Average
PAR
Par Technology
14.65
-51.19
-77.75%
AGYS
Agilysys
81.37
-18.82
-18.78%
CALX
Calix
38.37
-8.65
-18.40%
ASAN
Asana
6.64
-10.26
-60.71%
GBTG
Global Business Travel Group
9.41
3.34
55.02%
Par Technology Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A TransactionsProduct-Related Announcements
PAR Technology posts strong Q1 growth and narrows loss
Positive
May 7, 2026
On May 7, 2026, PAR Technology reported first-quarter 2026 results showing revenue of $124 million, up 19.4% year over year, and a narrowed net loss from continuing operations of $16.2 million, while adjusted EBITDA doubled to $8.9 million. Annual...
Business Operations and StrategyExecutive/Board Changes
PAR Technology Adds Voss Capital Board Observer in Agreement
Neutral
Apr 15, 2026
On April 15, 2026, PAR Technology Corporation entered into a one-year Board Observer Agreement with Voss Capital, appointing Jon Hook as a non-voting observer to its Board of Directors with rights to attend board and certain committee meetings and...
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....
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.