What is the market's earnings forecast for PAR Technology next quarter?

What is PAR Technology's latest dividend and current dividend yield?

What is PAR Technology's gross profit margin?

What were the key takeaways from PAR Technology’s earnings call?

What guidance did PAR Technology's management provide for the next earnings period?

What is the revenue and EPS growth rate for PAR Technology year over year?

What were the key takeaways from PAR Technology's earnings call?

What factors drove the changes in PAR Technology's revenue and profit?

- **Revenue Growth**: Q4 revenue up 14% YoY to $120.1 million, with subscription services driving 18% growth. Full-year ARR rose 15% to $315.4 million.
- **AI Momentum**: Coach AI now used by 1,000 stores, and PAR Drive AI embedded into core platforms. 2026 expects $15 million OpEx savings via AI automation.
- **Customer Expansion**: 80% of deals multiproduct, with wins at Papa Johns, Shake Shack, and Lucky Strike Entertainment.
- **Profitability**: Non-GAAP net income turned positive ($2.6 million) after $30 million YoY improvement. Hardware margins under pressure (23%) due to AI supply chain costs.
- **2026 Outlook**: Mid-teens ARR growth, with H2 strength from AI product launches and Tier 1 conversions.

**【CEO Summary Section】**
- PAR delivered Q4 revenue of $120.1 million, up 14% YoY, driven by subscription services (18% growth) and hardware revenue (7% growth). Full-year ARR reached $315.4 million, up 15% YoY, with 80% of deals being multiproduct.
- Key wins include Papa Johns (10-year partnership for 3,200 sites), Shake Shack, and Lucky Strike Entertainment. Coach AI now has 1,000 active users, providing prescriptive recommendations for operators.
- 2026 outlook: Mid-teens ARR growth, with stronger H2 due to large Tier 1 conversions and AI product launches. CEO emphasizes AI as a near-term operational imperative for restaurants.

**【CFO Financial Commentary】**
- Q4 GAAP net loss was $21 million (-16% YoY), while non-GAAP net income was $2.6 million (vs. $0.00 YoY). Adjusted EBITDA improved to $7 million (+1.3 million YoY).
- Subscription services margin was 51% (65.8% non-GAAP), with hardware margin at 23% (down 3% YoY due to AI-driven supply chain costs).
- Full-year cash used in operations was $27 million, with $80 million in cash as of Q4. CFO expects H2 2026 to be stronger due to delayed ARR recognition and AI-driven efficiency savings.

**【Q&A Key Highlights】**
- **Market Dynamics**: Restaurant chains are prioritizing AI adoption to manage margin pressures, leading to record bookings and 90% multiproduct deals.
- **AI Investment**: R&D spend increased by $3 million YoY, driven by AI product development (e.g., PAR Drive AI) and large Tier 1 integrations.
- **Supply Chain Risks**: Hardware margins may remain constrained at 20-21% due to AI infrastructure demand, but no slowdown in customer refresh cycles.
- **Capital Allocation**: $100 million share buyback authorized, with preference for M&A at attractive valuations (e.g., Bridg acquisition at 2x ARR).

PAR Technology Corporation (PAR) Q4 2025 Earnings Call Transcript

- **Revenue Growth**: 23% YoY to $119M, driven by 25% subscription and 32% hardware growth. ARR up 15% organically to $298.4M.
- **AI Innovation**: Launched Coach AI, providing real-time operational insights across POS, labor, and inventory. First of several AI-driven features.
- **Customer Momentum**: 6 new Ordering wins, including 400-location chain. Burger King POS implementation on track for 2025 targets. PAR Retail signed 4 new enterprise deals.
- **Financial Health**: Non-GAAP net income $2.5M, up $5.6M. OpEx as % of revenue down to 43.4%. Hardware margins expected to recover to mid-20% in 2026.
- **Strategic Focus**: Accelerating AI product development, pursuing accretive M&A, and expanding into new verticals with Better Together platform.

**【CEO Summary Section】**
- **Revenue Growth**: Total revenue reached $119 million, up 23% year-over-year, driven by 25% growth in subscription services and 32% hardware revenue increase. ARR hit $298.4 million, up 15% organically, with $12 million sequential ARR growth.
- **AI Product Launch**: Introduced Coach AI, an operational intelligence assistant that provides real-time insights across POS, labor, and inventory. This marks the first of several AI-driven features integrated into PAR's platform.
- **Customer Wins**: Signed 6 new customers for PAR Ordering, including a 400-location enterprise chain, and accelerated Burger King POS implementation, pacing to meet 2025 targets. PAR Retail saw 4 new enterprise wins, including a Punchh-to-PAR migration.
- **Operating Efficiency**: Non-GAAP OpEx as a percentage of revenue improved to 43.4%, down from 49.3% in Q3 2024, reflecting cost control and AI-driven operational savings.

**【CFO Financial Commentary】**
- **Financial Performance**: Non-GAAP net income was $2.5 million, up $5.6 million from Q3 2024. Adjusted EBITDA was $5.8 million, excluding $0.8 million in non-period costs. Subscription gross margin improved 150 basis points to 66.2%.
- **Hardware Margin Impact**: Hardware gross margin declined to 17.8% due to tariffs, but pricing adjustments implemented in Q3 are expected to stabilize margins at mid-20% in 2026.
- **Cash Flow**: Operating cash flow was $8 million for the quarter, up from negative $15 million year-to-date. Capital expenditures for software development were $4 million, supporting AI and platform enhancements.

**【Q&A Key Highlights】**
- **M&A Strategy**: CEO Savneet Singh emphasized a focus on accretive, niche acquisitions, noting multiples have compressed 20-30% in the space. PAR is targeting assets that can leverage its existing distribution network.
- **Tariff Mitigation**: Hardware pricing adjustments implemented in Q3 will offset tariff impacts in future quarters, with margins expected to return to mid-20%.
- **AI Adoption**: Coach AI is already reducing manual reporting by 80% for early customers, with plans to launch a marketing intelligence assistant in Q4.
- **Backlog Visibility**: Record backlog and $20 million in late-stage pipeline positions PAR for sustained growth in 2026.
- **Competitive Position**: PAR's multiproduct deals (70% of Engagement Cloud signings) and AI-native platform differentiate it from competitors like Toast, which focuses on SMBs.


PAR Technology Corporation (PAR) Q3 2025 Earnings Call Transcript

- **Revenue Surge**: 44% YoY jump to $112.4M, driven by 60% subscription growth and $287M ARR (49% YoY).
- **Multiproduct Momentum**: 70% of Q2 deals included multiple products, up from 0% in Q2 2024.
- **Global Expansion**: TASK POS repositioned for global Tier 1 deals, with $20M backlog delayed for product build-out.
- **AI-Driven Efficiency**: Internal AI tools reduce support costs by 30%; Coach AI boosts check size via real-time data.
- **Pipeline Strength**: $100M+ pipeline excludes 2 mega Tier 1 deals, with 3 top-20 brands in advanced stages.
- **Financial Health**: 47.9% OpEx as % of revenue (down 680bps YoY), $85.6M cash, and 66.4% subscription margin.


**【CEO Summary Section】**
- Q2 2025 revenue reached $112.4 million, a 44% year-over-year increase, driven by 60% growth in subscription services revenue to $72 million.
- ARR expanded to $287 million (49% YoY), with Operator Cloud ARR at $119 million (42% YoY) and Engagement Cloud ARR up 55% YoY.
- Key wins include Burger King's PAR POS rollout, Popeyes' PAR OPS implementation, and 17 new mid-market POS deals, all multiproduct.
- TASK POS platform repositioned for global Tier 1 deals, with a $20 million backlog delayed for product build-out.
- Payments business shifted to card-not-present transactions, with 500+ location deals pending.
- PAR Retail secured 4 enterprise wins, integrating self-checkout (Skip) to drive ARPU.
- 2025 pipeline exceeds $100 million, excluding 2 mega Tier 1 deals in advanced stages.

**【CFO Financial Commentary】**
- Subscription services gross margin improved to 66.4% (non-GAAP), with hardware margin at 27.3% (up 460bps YoY).
- Adjusted EBITDA of $5.5 million (including $450k charges) reflects $9.9 million YoY improvement.
- Cash position of $85.6 million supports investment in growth initiatives.
- Operating expenses as % of revenue improved to 47.9% (down 680bps YoY).

**【Q&A Highlights】**
- **Growth Acceleration**: Q3-Q4 expected to offset slower H1 rollouts, with Burger King POS ramp-up and 3 top-20 brand deals in pipeline.
- **AI Integration**: Coach AI uses POS/back-office data to boost check size; internal AI tools reduce support costs by 30%.
- **M&A Strategy**: Focused on tuck-in acquisitions (e.g., GoSkip) to enhance product suites, with no plans for transformational deals.
- **Risk Management**: Tariff uncertainty may impact hardware margins, but 34% Q2 hardware growth suggests customer pull-ahead activity.
- **ARR Growth**: Targeting mid-teens 2025 growth, with 20%+ ARR growth as long-term goal.


PAR Technology Corporation (PAR) Q2 2025 Earnings Call Transcript

- **Revenue Surge**: Q1 revenue up 48% YoY to $104M, with subscription services jumping 78%. ARR growth of 52% ($282M) driven by 18% organic expansion.
- **Multiproduct Momentum**: 57% of new deals include multiple products (vs. 16% last year), with Ordering 2.0 and PAR OPS leading the charge.
- **Operational Efficiency**: Non-GAAP OpEx as % of revenue fell 10.6% to 49.8%, with EBITDA improving $14.7M.
- **Tariff Resilience**: <1% hardware from China, 21% of revenue now from hardware with minimal supply chain risk.
- **Growth Catalysts**: 2025 ARR target of 20%+ organic growth, with second-half acceleration from Burger King and multiproduct rollouts.

**【CEO Key Highlights】**
- **Revenue Growth**: Q1 revenue reached $104M, up 48% YoY, with subscription services growing 78% to $68.4M. ARR rose 52% to $282M, including 18% organic growth.
- **Operator Solutions**: PAR POS ARR grew 49% to $117M, with Burger King rollout restarting and 5 new multiproduct deals signed. Popeyes selected PAR OPS for 3,500+ stores, highlighting back-office demand.
- **Engagement Cloud**: ARR increased 54% to $117M, driven by 57% multiproduct deals (vs. 16% in Q1 2024). Ordering 2.0 launched with AI-driven upsells and real-time menu management.
- **Hardware**: Revenue up 20% to $22M, driven by PAR WAVE and Clear drive-thru solutions. Hardware now 21% of total revenue, with reduced China exposure mitigating tariff risks.

**【CFO Financial Breakdown】**
- **Profitability**: Non-GAAP gross margin improved to 54%, with subscription services at 69%. Adjusted EBITDA rose $14.7M to $4.5M, driven by operating leverage.
- **Expense Management**: Sales & marketing (14% of subs rev) and R&D (26%) near long-term targets. Non-GAAP OpEx as % of revenue dropped 1060bps to 49.8%.
- **Cash Flow**: $92M cash on hand. Q1 cash used in operations ($17M) expected to improve in H2. Investing $6M in GoSkip acquisition.

**【Q&A Key Takeaways】**
- **Growth Outlook**: 20%+ organic ARR growth target for 2025, with second-half acceleration from Burger King rollout and multiproduct deals. Cross-sell pipeline could drive 4x ARR growth over time.
- **Tariff Mitigation**: <1% of hardware sourced from China. Sequential ARR growth ($10M) offset FX impacts, with 25% ARR outside the U.S.
- **M&A Strategy**: Aggressive, product-aligned acquisitions (e.g., GoSkip) to enhance flywheel. Focus on 15%+ LTV/CAC and 25%+ gross margin targets.
- **Competitive Edge**: Integrated solutions (e.g., PAR POS + Punchh) create defensible moats, winning 4 of 7 Tier 1 RFPs in last year.

PAR Technology (PAR)-9 May 25-2025 Q1 Earnings call transcript

- **Revenue Surge**: Q4 revenue up 50% YoY to $105M, with subscription ARR doubling to $276M. Operator Cloud ARR +26%, Engagement Cloud +15%.
- **BK Expansion**: 1,500+ sites in backlog for combined PAR POS/OPS rollout, ARR >$20M. Tradeoff: Q1 delay for Q2+2025 acceleration and LTV boost.
- **Hardware Recovery**: 7% YoY growth, PAR Clear drive-thru adoption, and enterprise PAR Wave wins.
- **Profitability**: Gross margin 53%, EBITDA +$13.1M YoY. 2025 targets: 20%+ ARR growth, margin expansion, and M&A-driven upside.

**【CEO Summary Section】**
- Q4 revenue reached $105 million, a 50% YoY increase, with subscription services ARR doubling to $276 million. Operator Cloud ARR grew 26% YoY to $117 million, driven by new customer wins and upsells. Engagement Cloud ARR rose 15% YoY to $159 million.
- Expanded partnership with Burger King (BK) to include PAR OPS, with 1,500+ sites in backlog. Combined PAR POS and OPS rollout in Q2+2025 is expected to accelerate growth and LTV.
- Delaget acquisition enhanced PAR OPS, with 25,000+ sites across top 40 restaurant concepts. PAR Retail launched a major convenience store deal and gamification features.
- Hardware revenue increased 7% YoY, with PAR Clear drive-thru solution gaining traction. Gross profit grew 30% YoY, and adjusted EBITDA doubled sequentially.

**【CFO Financial Commentary】**
- Q4 non-GAAP net loss was $0.00 per share, a significant improvement from $0.43 YoY. Subscription services revenue rose 95% YoY to $64 million (61% of total revenue). ARR grew 102% YoY to $276 million.
- Gross margin improved to 53%, with subscription services margin at 53% (64.7% non-GAAP). Hardware margin was 26%, up from 24% in Q3. Operating expenses as % of revenue dropped to 45% from 54% YoY.
- Cash flow improved, with Q4 operating cash flow positive at $3 million. FY24 cash used in operations decreased $11 million YoY. Capital expenditures for M&A totaled $309 million, offset by $96 million from government business divestiture.

**【Q&A Key Highlights】**
- **BK Rollout**: Q1 focused on pure POS, Q2+2025 combined OPS/POS rollout. ARR opportunity >$20 million, with LTV boost from cross-sell. Timeline extended by 1-2 quarters but long-term upside significant.
- **Hardware Growth**: Driven by PAR Clear adoption and Better Together strategy. Q4 hardware up 7% YoY, with enterprise focus on PAR Wave and AI-enabled drive-thru solutions.
- **Margins**: Subscription services non-GAAP margin 64.7%, expected to improve 50-150bps/Q. Hardware and professional services margins stabilized at 26% and 28%.
- **2025 Outlook**: 20%+ ARR growth, with Q2+2025 acceleration from BK, payments, and convenience store deals. M&A pipeline strong, with focus on TAM expansion and product synergies.

Actual										-0.28	-0.24	-0.15	-0.37	-0.34	-0.36	-0.36	-0.36	-0.26	-0.36	-0.44	-0.26	-0.46	-0.52	-0.21	-0.33	-0.36	-0.23	-0.09	0	-0.01	0.03	0.06	0.06
Forecast										-0.23	-0.334	-0.235	-0.1439	-0.216	-0.256	-0.3507	-0.3767	-0.528	-0.365	-0.4925	-0.445	-0.4175	-0.3594	-0.3549	-0.2613	-0.2951	-0.1784	-0.0886	-0.0888	-0.035	0.0071	-0.0138	0.0583
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-21.74%	+28.14%	+36.17%	-157.12%	-57.41%	-40.63%	-2.65%	+4.43%	+50.76%	+1.37%	+10.66%	+41.57%	-10.18%	-44.69%	+40.83%	-26.29%	-21.99%	-28.92%	-1.58%	+100.00%	+71.43%	+322.54%	+534.78%	+2.92%

PAR

PAR fundamentals

PAR Q4 2025 Earnings

Earnings Call

You can ask Aime

PAR

PAR fundamentals

PAR Q4 2025 Earnings

Earnings Call

PAR Earnings Call Summary for Q4/20254:30 PM on Feb 26, 2026

PAR Earnings Call Summary for Q3/20254:30 PM on Nov 6, 2025

PAR Earnings Call Summary for Q2/20259:00 AM on Aug 8, 2025

PAR Earnings Call Summary for Q1/20259:00 AM on May 9, 2025

PAR Earnings Call Summary for Q4/20249:00 AM on Feb 28, 2025

You can ask Aime