PAR Technology (PAR) Financials

$14.02 -0.68 (-4.59%)

Closing price 05/18/2026 03:59 PM Eastern

Extended Trading

$14.35 +0.33 (+2.32%)

As of 07:12 AM Eastern

Annual Income Statements for PAR Technology

This table shows PAR Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-0.89	1.78	-3.39	-24	-16	-37	-76	-69	-70	-4.99	-84
Consolidated Net Income / (Loss)	-0.89	1.78	-3.39	-24	-16	-37	-76	-69	-70	-4.99	-84
Net Income / (Loss) Continuing Operations	4.02	2.50	-3.61	-24	-16	-37	-76	-80	-82	-90	-85
Total Pre-Tax Income	5.52	3.65	0.39	-9.98	-19	-40	-85	-79	-80	-95	-82
Total Operating Income	6.63	2.21	-0.12	-10	-14	-24	-54	-69	-72	-79	-69
Total Gross Profit	45	46	51	38	37	39	62	82	89	146	198
Total Revenue	229	230	233	201	187	214	283	262	277	350	456
Operating Revenue	229	230	233	201	187	214	283	262	277	350	456
Total Cost of Revenue	184	183	182	164	150	174	221	181	187	204	258
Operating Cost of Revenue	184	183	182	164	150	-	221	181	187	204	258
Total Operating Expenses	38	44	51	48	52	63	116	151	161	225	267
Selling, General & Admin Expense	27	31	38	36	38	46	60	70	72	109	123
Marketing Expense	-	-	-	-	-	-	24	35	39	42	49
Research & Development Expense	10	12	12	12	13	19	35	49	58	67	82
Amortization Expense	0.99	0.97	0.97	0.02	0.16	1.16	1.83	1.86	1.86	8.45	13
Other Special Charges / (Income)	-	-	-	-0.45	0.00	-3.34	-4.40	-4.40	-9.70	-1.10	0.00
Total Other Income / (Expense), net	-1.11	1.44	0.51	0.30	-5.02	-16	-31	-9.88	-8.05	-16	-13
Interest Expense	0.31	-0.12	0.12	0.39	4.57	16	30	0.00	0.64	6.56	5.79
Interest & Investment Income	-	-	-	-	-	-	-	-8.81	-6.93	-10	-6.06
Other Income / (Expense), net	-0.80	1.32	0.63	0.68	-0.45	0.81	-1.28	-1.07	-0.49	1.15	-1.12
Income Tax Expense	1.50	1.15	4.00	14	-3.63	-2.99	-9.42	1.13	1.85	-4.77	2.92
Net Income / (Loss) Discontinued Operations	-4.91	-0.72	0.22	-	-	-	-	11	12	85	0.20
Basic Earnings per Share	($0.06)	$0.11	($0.22)	($1.50)	($0.96)	($1.92)	($3.02)	($2.55)	($2.53)	($0.14)	($2.09)
Weighted Average Basic Shares Outstanding	15.56M	15.68M	15.95M	16.04M	16.22M	19.01M	25.09M	27.15M	27.55M	34.16M	40.47M
Diluted Earnings per Share	($0.06)	$0.11	($0.22)	($1.50)	($0.96)	($1.92)	($3.02)	($2.55)	($2.53)	($0.14)	($2.09)
Weighted Average Diluted Shares Outstanding	15.67M	15.74M	15.95M	16.04M	16.22M	19.01M	25.09M	27.15M	27.55M	34.16M	40.47M
Weighted Average Basic & Diluted Shares Outstanding	15.64M	15.77M	16.01M	16.04M	16.22M	19.01M	26.95M	27.32M	28.04M	40.21M	41.15M

This table shows PAR Technology's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-20	-16	-19	-18	54	-20	-21	-24	-21	-18	-21
Consolidated Net Income / (Loss)	-20	-16	-19	-18	54	-20	-21	-24	-21	-18	-21
Net Income / (Loss) Continuing Operations	-22	-19	-25	-20	-24	-21	-27	-25	-21	-18	-21
Total Pre-Tax Income	-21	-19	-24	-28	-23	-20	-26	-23	-20	-18	-20
Total Operating Income	-20	-17	-21	-27	-21	-15	-18	-16	-17	-18	-18
Total Gross Profit	19	25	22	26	32	43	43	48	51	49	49
Total Revenue	70	69	38	70	78	97	70	104	112	119	120
Operating Revenue	70	69	38	70	78	97	70	104	112	119	120
Total Cost of Revenue	50	44	16	44	46	54	27	56	61	70	71
Operating Cost of Revenue	50	44	16	44	46	54	27	56	61	70	71
Total Operating Expenses	39	42	43	53	53	58	61	64	68	67	68
Selling, General & Admin Expense	16	18	20	25	25	27	31	29	32	32	30
Marketing Expense	10	9.53	9.51	11	9.81	11	10	12	12	12	12
Research & Development Expense	15	15	14	16	16	18	17	20	21	19	22
Amortization Expense	0.47	0.46	0.47	0.93	1.95	2.70	2.88	3.26	3.39	3.39	3.37
Total Other Income / (Expense), net	-1.58	-2.01	-2.73	-1.41	-2.24	-4.82	-7.12	-7.52	-2.79	-0.80	-1.86
Interest & Investment Income	-1.74	-1.75	-	-1.71	-1.63	-3.42	-	-1.63	-1.41	-1.47	-1.55
Other Income / (Expense), net	0.16	-0.26	-0.32	0.30	-0.61	-1.40	2.85	-0.09	-1.38	0.66	-0.31
Income Tax Expense	0.38	0.18	0.98	-7.79	0.61	0.65	1.75	1.28	0.94	-0.28	0.98
Basic Earnings per Share	($0.72)	($0.56)	($0.67)	($0.62)	$1.60	($0.56)	($0.56)	($0.60)	($0.52)	($0.45)	($0.52)
Weighted Average Basic Shares Outstanding	27.36M	27.47M	27.55M	29.52M	34.02M	35.87M	34.16M	40.17M	40.52M	40.58M	40.47M
Diluted Earnings per Share	($0.72)	($0.56)	($0.67)	($0.62)	$1.60	($0.56)	($0.56)	($0.60)	($0.52)	($0.45)	($0.52)
Weighted Average Diluted Shares Outstanding	27.36M	27.47M	27.55M	29.52M	34.02M	35.87M	34.16M	40.17M	40.52M	40.58M	40.47M
Weighted Average Basic & Diluted Shares Outstanding	27.45M	28.02M	28.04M	33.99M	36.28M	36.31M	40.21M	40.50M	40.58M	40.59M	41.15M

This table details how cash moves in and out of PAR Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-2.14	1.03	-2.46	-3.21	25	153	7.73	-111	-30	74	-28
Net Cash From Operating Activities	0.59	11	0.31	-3.85	-16	-20	-53	-43	-17	-25	-27
Net Cash From Continuing Operating Activities	2.61	11	-0.15	-3.85	-16	-20	-53	-52	-32	-21	-27
Net Income / (Loss) Continuing Operations	-0.89	2.50	-3.61	-24	-16	-37	-76	-80	-82	-90	-85
Consolidated Net Income / (Loss)	-0.89	1.78	-3.39	-24	-16	-37	-76	-69	-70	-4.99	-84
Net Income / (Loss) Discontinued Operations	-	-0.72	0.22	-	-	-	-	11	12	85	0.20
Depreciation Expense	3.07	4.62	4.03	4.73	4.73	10	21	26	27	38	49
Amortization Expense	-	-	-	-	-	-	0.00	0.00	-1.89	0.48	0.00
Non-Cash Adjustments To Reconcile Net Income	8.24	1.32	2.50	4.27	6.66	20	37	18	16	36	48
Changes in Operating Assets and Liabilities, net	-7.81	2.88	-3.07	11	-12	-13	-35	-15	8.74	-5.94	-39
Net Cash From Discontinued Operating Activities	-2.02	-0.36	0.46	-	-	-	-	8.56	15	-3.93	0.00
Net Cash From Investing Activities	6.43	-7.10	-8.86	-6.71	-24	-9.04	-383	-67	-7.78	-180	-13
Net Cash From Continuing Investing Activities	7.47	-7.10	-8.86	-6.71	-24	-9.04	-383	-66	-7.28	-276	-13
Purchase of Property, Plant & Equipment	-3.85	-6.12	-8.86	-7.84	-6.53	-9.23	-8.29	-7.40	-10	-6.78	-8.94
Acquisitions	-	-	-	0.00	-20	0.00	-375	-19	-1.90	-309	-4.32
Purchase of Investments	-0.78	-	-	-	-	0.00	0.00	-65	-81	-28	-0.35
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	24	86	65	0.31
Other Investing Activities, net	0.00	-0.98	-	0.00	0.00	0.19	-	0.00	0.00	3.27	0.00
Net Cash From Discontinued Investing Activities	-1.05	-	-	-	-	-	-	-0.23	-0.50	96	0.20
Net Cash From Financing Activities	-7.70	-2.15	6.06	7.35	66	181	444	-2.57	-1.62	279	12
Net Cash From Continuing Financing Activities	-7.70	-2.15	6.06	7.35	66	181	444	-2.57	-1.62	279	12
Repayment of Debt	-222	-215	-22	-51	-17	-67	-202	-0.71	0.00	-1.47	-94
Repurchase of Common Equity	-	-	-	0.00	-0.54	-0.30	-12	-3.15	-2.69	-5.07	-7.04
Issuance of Debt	217	215	23	57	85	116	441	0.00	0.00	87	111
Issuance of Common Equity	0.47	0.03	1.50	0.00	0.00	131	215	0.00	0.00	195	1.31
Other Financing Activities, net	-3.00	-2.00	3.79	0.86	-1.12	0.68	1.16	1.29	1.07	2.24	0.47
Effect of Exchange Rate Changes	-1.46	-0.72	0.03	-	-1.00	1.24	0.27	1.46	-3.52	0.86	0.14
Cash Income Taxes Paid	0.31	0.71	0.02	0.29	-0.32	0.21	0.00	1.29	3.22	2.32	5.76

This table details how cash moves in and out of PAR Technology's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	-2.89	-1.29	-4.36	16	65	-7.50	0.48	-12	-6.92	4.10	-13
Net Cash From Operating Activities	3.95	-5.69	1.41	-24	-14	8.80	3.38	-17	-6.63	8.39	-12
Net Cash From Continuing Operating Activities	-3.16	-8.03	-4.02	-24	-9.46	8.60	3.13	-17	-6.63	8.39	-12
Net Income / (Loss) Continuing Operations	-25	-19	-22	-20	-26	-21	-25	-25	-21	-18	-21
Consolidated Net Income / (Loss)	-20	-16	-19	-18	54	-20	-21	-24	-21	-18	-21
Depreciation Expense	6.65	6.55	6.88	7.29	8.90	11	11	12	12	12	12
Non-Cash Adjustments To Reconcile Net Income	4.64	2.85	4.15	5.59	8.37	7.03	15	14	9.88	10	13
Changes in Operating Assets and Liabilities, net	11	1.81	8.37	-16	-1.73	12	1.85	-19	-7.88	3.73	-16
Net Cash From Investing Activities	-4.40	1.35	-2.97	-152	79	-105	-2.01	-5.68	-2.02	-3.20	-2.22
Net Cash From Continuing Investing Activities	-4.18	1.51	-2.84	-152	-8.10	-110	-6.00	-5.87	-2.02	-3.20	-2.22
Purchase of Property, Plant & Equipment	-3.71	-3.00	-2.35	-1.30	-1.65	-1.72	-1.99	-1.55	-2.02	-3.20	-2.17
Purchase of Investments	-20	-19	-16	-3.12	-25	-	-	0.00	-	-	-0.35
Sale and/or Maturity of Investments	20	24	18	19	19	16	12	0.00	-	-	0.31
Net Cash From Financing Activities	-0.06	0.65	0.22	191	0.75	88	-0.81	11	0.71	0.07	0.76
Net Cash From Continuing Financing Activities	-0.06	0.65	0.22	191	0.75	88	-0.81	11	0.71	0.07	0.76
Issuance of Common Equity	-	-	-	194	0.53	-	0.46	0.00	0.63	-	0.68
Other Financing Activities, net	0.15	0.71	0.16	1.11	0.43	0.50	0.20	0.22	0.11	0.07	0.08
Cash Income Taxes Paid	0.02	1.87	0.83	0.34	0.45	0.75	0.78	2.15	2.40	0.32	0.90

This table presents PAR Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	116	125	115	95	190	344	888	855	803	1,381	1,369
Total Current Assets	70	82	63	56	94	249	283	224	181	218	233
Cash & Equivalents	8.02	9.06	6.60	3.49	28	181	188	70	37	108	80
Restricted Cash	-	-	-	-	-	-	0.00	7.21	10	13	14
Short-Term Investments	-	-	-	-	-	-	0.00	40	37	0.52	0.58
Accounts Receivable	30	31	30	26	42	43	50	60	43	60	82
Inventories, net	21	26	22	23	19	22	35	38	24	22	27
Other Current Assets	3.43	4.03	4.21	3.25	4.43	3.63	9.53	8.57	8.12	14	30
Plant, Property, & Equipment, net	5.72	7.04	11	13	14	14	14	13	16	14	13
Total Noncurrent Assets	41	36	41	26	82	81	591	618	606	1,149	1,123
Goodwill	11	11	11	11	41	41	457	487	489	887	898
Intangible Assets	11	11	12	11	33	33	119	111	94	237	203
Other Noncurrent Operating Assets	3.69	3.79	4.31	4.50	7.36	6.63	15	20	21	24	22
Total Liabilities & Shareholders' Equity	116	125	115	95	190	344	888	855	803	1,381	1,369
Total Liabilities	48	55	46	49	117	155	384	480	470	509	544
Total Current Liabilities	39	47	36	41	42	40	61	68	80	112	141
Short-Term Debt	2.10	0.19	1.20	7.82	0.63	0.67	0.71	-	-	0.00	20
Accounts Payable	12	17	14	13	16	13	21	23	26	35	39
Accrued Expenses	7.64	4.68	3.93	2.11	3.18	2.61	5.04	6.53	3.53	14	12
Current Deferred Revenue	-	-	10	9.85	12	9.51	14	11	9.30	25	28
Current Employee Benefit Liabilities	5.73	5.47	6.28	5.94	7.77	13	17	19	14	22	25
Other Current Liabilities	-	-	0.00	2.55	2.06	1.20	2.27	8.51	11	16	16
Total Noncurrent Liabilities	9.45	8.09	9.72	7.82	75	115	323	412	389	397	403
Long-Term Debt	0.57	0.38	0.19	0.00	62	106	306	389	378	368	374
Capital Lease Obligations	-	-	-	-	1.02	1.46	2.44	2.87	2.15	6.05	6.44
Noncurrent Deferred Revenue	-	-	2.67	4.41	3.92	3.08	7.60	5.13	4.20	1.53	1.84
Other Noncurrent Operating Liabilities	8.88	7.71	6.87	3.41	7.31	5.00	7.41	15	3.60	21	21
Commitments & Contingencies	0.00	-	-	-	-	0.00	-	-	-	0.00	0.00
Total Equity & Noncontrolling Interests	68	70	69	46	73	188	504	375	333	872	825
Total Preferred & Common Equity	68	70	69	46	73	188	504	375	333	872	825
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	68	70	69	46	73	188	504	375	333	872	825
Common Stock	46	47	49	51	95	244	641	596	626	1,086	1,227
Retained Earnings	31	32	30	5.43	-10	-47	-123	-205	-275	-280	-364
Treasury Stock	-5.84	-5.84	-5.84	-5.84	-6.38	-4.99	-11	-14	-17	-22	-29
Accumulated Other Comprehensive Income / (Loss)	-2.78	-3.49	-3.43	-4.25	-5.37	-3.94	-3.70	-1.37	-0.94	-21	-8.43
Other Equity Adjustments	-	-	-	-	-	-	-	-	0.00	108	0.00

This table presents PAR Technology's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	865	832	816	809	1,009	1,057	1,299	1,382	1,392	1,377
Total Current Assets	233	207	193	189	194	247	233	220	219	227
Cash & Equivalents	90	49	44	43	51	115	106	92	85	92
Restricted Cash	-	7.42	9.02	8.76	13	13	15	18	18	14
Short-Term Investments	40	41	41	37	22	28	13	0.53	0.57	0.54
Accounts Receivable	55	66	63	66	70	50	60	70	72	71
Inventories, net	40	32	27	24	25	26	24	23	27	25
Other Current Assets	9.19	11	8.96	9.52	14	9.43	15	16	16	24
Plant, Property, & Equipment, net	13	13	15	16	15	14	15	14	13	14
Total Noncurrent Assets	619	612	609	604	799	795	1,052	1,148	1,159	1,137
Goodwill	485	487	488	487	620	624	803	890	906	898
Intangible Assets	116	106	102	97	158	148	226	234	229	217
Other Noncurrent Operating Assets	17	19	19	21	22	22	23	23	23	21
Total Liabilities & Shareholders' Equity	865	832	816	809	1,009	1,057	1,299	1,382	1,392	1,377
Total Liabilities	482	472	474	476	483	468	607	530	533	539
Total Current Liabilities	66	65	84	87	94	79	109	108	129	134
Short-Term Debt	0.18	-	14	14	-	-	-	-	20	20
Accounts Payable	25	28	27	27	40	31	35	32	39	32
Accrued Expenses	5.19	7.60	6.00	11	11	4.05	8.31	11	7.73	11
Current Deferred Revenue	13	9.10	11	10	15	14	30	31	24	34
Current Employee Benefit Liabilities	18	11	15	16	14	14	18	12	18	21
Other Current Liabilities	5.25	8.61	10	10	14	14	17	20	20	17
Total Noncurrent Liabilities	416	408	391	389	389	389	497	422	404	405
Long-Term Debt	389	390	377	377	378	379	467	392	373	374
Capital Lease Obligations	1.72	2.55	3.08	3.08	2.52	3.54	5.56	5.61	5.42	6.83
Noncurrent Deferred Revenue	5.89	6.25	4.36	4.33	3.30	2.88	1.73	1.45	1.26	1.92
Other Noncurrent Operating Liabilities	20	9.11	6.67	4.67	4.83	4.17	23	23	24	23
Total Equity & Noncontrolling Interests	383	360	342	333	526	588	693	852	859	838
Total Preferred & Common Equity	383	360	342	333	526	588	693	852	859	838
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	383	360	342	333	526	588	693	852	859	838
Common Stock	593	599	603	607	845	853	974	1,202	1,210	1,218
Retained Earnings	-192	-221	-241	-256	-293	-239	-259	-304	-325	-344
Treasury Stock	-14	-17	-17	-17	-22	-22	-22	-29	-29	-29
Accumulated Other Comprehensive Income / (Loss)	-4.20	-1.41	-2.92	-1.51	-3.65	-3.91	-0.12	-17	2.90	-7.91
Other Equity Adjustments	-	-	-	-	-	-	-	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from PAR Technology's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.11%	0.28%	1.29%	-13.48%	-6.96%	14.18%	32.32%	-7.26%	5.48%	26.48%	30.16%
EBITDA Growth	50.63%	-8.38%	-44.30%	-207.07%	-103.78%	-31.62%	-158.71%	-31.85%	-5.83%	15.96%	47.25%
EBIT Growth	49.42%	-39.46%	-85.61%	-1,988.19%	-52.56%	-58.11%	-138.40%	-27.13%	-2.96%	-7.96%	10.34%
NOPAT Growth	7,394.68%	-68.57%	-25.62%	-737.23%	-38.05%	-68.81%	-125.01%	-28.17%	-3.85%	-10.29%	13.05%
Net Income Growth	75.60%	300.11%	-289.90%	-612.40%	35.45%	-134.81%	-107.32%	8.55%	-0.62%	92.85%	-1,593.62%
EPS Growth	73.91%	283.33%	-300.00%	-581.82%	36.00%	-100.00%	-57.29%	15.56%	0.78%	94.47%	-1,392.86%
Operating Cash Flow Growth	-90.51%	1,751.18%	-97.14%	-1,325.80%	-319.04%	-25.51%	-162.59%	18.97%	60.36%	-47.85%	-7.57%
Free Cash Flow Firm Growth	-146.11%	171.34%	-152.91%	424.44%	-1,205.44%	65.57%	-2,219.79%	86.68%	68.85%	-2,356.35%	90.06%
Invested Capital Growth	18.69%	-3.33%	5.01%	-21.01%	116.33%	6.26%	440.16%	3.92%	-4.24%	80.74%	0.65%
Revenue Q/Q Growth	2.46%	1.50%	-22.34%	36.09%	3.47%	2.69%	8.89%	-22.78%	-17.72%	-23.51%	3.43%
EBITDA Q/Q Growth	-24.91%	29.52%	-49.32%	-1,015.14%	6.37%	-22.73%	-14.24%	-13.19%	-32.79%	-1.18%	-23.37%
EBIT Q/Q Growth	-34.16%	53.90%	-89.29%	-86.07%	12.97%	-33.71%	-15.51%	-7.43%	-16.36%	-8.95%	-7.38%
NOPAT Q/Q Growth	30.04%	-46.82%	-55.69%	-66.59%	12.29%	-40.61%	-10.73%	-7.69%	-16.68%	-13.77%	-2.44%
Net Income Q/Q Growth	76.60%	19.74%	-209.83%	-3.74%	2.09%	-24.24%	-20.08%	14.92%	-7.97%	-94.88%	0.19%
EPS Q/Q Growth	75.00%	22.22%	-222.22%	-3.45%	2.04%	-15.66%	-15.27%	17.48%	-8.12%	44.00%	1.88%
Operating Cash Flow Q/Q Growth	-88.00%	379.94%	-95.17%	-168.11%	-40.34%	3.13%	-7.44%	0.11%	38.97%	7.21%	-125.73%
Free Cash Flow Firm Q/Q Growth	-119.96%	130.98%	-673.61%	-62.10%	-185.14%	62.18%	-119.30%	79.60%	38.45%	-26.12%	62.17%
Invested Capital Q/Q Growth	10.52%	-14.89%	-14.00%	-5.80%	64.66%	-0.73%	88.29%	0.82%	-2.52%	8.99%	0.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.68%	20.12%	21.93%	18.64%	19.98%	18.39%	21.96%	31.15%	32.32%	41.75%	43.47%
EBITDA Margin	3.89%	3.55%	1.95%	-2.42%	-5.29%	-6.10%	-11.93%	-16.96%	-17.01%	-11.30%	-4.58%
Operating Margin	2.89%	0.96%	-0.05%	-5.11%	-7.58%	-11.20%	-19.05%	-26.32%	-25.92%	-22.60%	-15.10%
EBIT Margin	2.55%	1.54%	0.22%	-4.77%	-7.82%	-10.82%	-19.50%	-26.73%	-26.09%	-22.27%	-15.34%
Profit (Net Income) Margin	-0.39%	0.78%	-1.46%	-11.99%	-8.32%	-17.10%	-26.80%	-26.42%	-25.21%	-1.42%	-18.54%
Tax Burden Percent	-16.14%	48.85%	-874.94%	241.73%	81.08%	92.45%	88.94%	87.81%	87.44%	5.27%	103.34%
Interest Burden Percent	94.72%	103.43%	76.18%	104.03%	131.24%	170.92%	154.50%	112.56%	110.48%	121.46%	116.95%
Effective Tax Rate	27.17%	31.42%	1,032.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	8.35%	2.46%	1.81%	-12.61%	-12.47%	-14.93%	-10.19%	-7.59%	-7.90%	-6.34%	-4.27%
ROIC Less NNEP Spread (ROIC-NNEP)	60.53%	-1.28%	65.53%	3,804.64%	-40.39%	93.02%	-169.34%	-18.21%	-14.84%	12.28%	-17.27%
Return on Net Nonoperating Assets (RNNOA)	-9.64%	0.13%	-6.70%	-29.36%	-13.74%	-13.06%	-11.70%	-8.18%	-11.80%	5.51%	-5.69%
Return on Equity (ROE)	-1.30%	2.59%	-4.89%	-41.98%	-26.22%	-27.99%	-21.88%	-15.76%	-19.70%	-0.83%	-9.96%
Cash Return on Invested Capital (CROIC)	-8.75%	5.85%	-3.07%	10.86%	-86.02%	-21.00%	-147.70%	-11.43%	-3.57%	-63.86%	-4.92%
Operating Return on Assets (OROA)	4.60%	2.93%	0.42%	-9.17%	-10.30%	-8.68%	-8.96%	-8.05%	-8.71%	-7.14%	-5.08%
Return on Assets (ROA)	-0.70%	1.48%	-2.83%	-23.05%	-10.95%	-13.71%	-12.31%	-7.95%	-8.42%	-0.46%	-6.14%
Return on Common Equity (ROCE)	-1.30%	2.59%	-4.89%	-41.98%	-26.22%	-27.99%	-21.88%	-15.76%	-19.70%	-0.83%	-9.96%
Return on Equity Simple (ROE_SIMPLE)	-1.31%	2.56%	-4.91%	-52.50%	-21.37%	-19.41%	-15.03%	-18.48%	-20.94%	-0.57%	0.00%
Net Operating Profit after Tax (NOPAT)	4.83	1.52	1.13	-7.19	-9.93	-17	-38	-48	-50	-55	-48
NOPAT Margin	2.11%	0.66%	0.49%	-3.57%	-5.30%	-7.84%	-13.33%	-18.43%	-18.14%	-15.82%	-10.57%
Net Nonoperating Expense Percent (NNEP)	-52.18%	3.74%	-63.71%	-3,817.25%	27.92%	-107.94%	159.15%	10.63%	6.94%	-18.62%	13.01%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-6.30%	-7.04%	-4.44%	-3.93%
Cost of Revenue to Revenue	80.32%	79.88%	78.07%	81.36%	80.02%	81.61%	78.04%	68.85%	67.68%	58.25%	56.53%
SG&A Expenses to Revenue	11.95%	13.69%	16.41%	17.79%	20.33%	21.61%	21.15%	26.59%	26.07%	31.12%	26.94%
R&D to Revenue	4.40%	5.04%	5.16%	6.17%	7.14%	9.01%	12.22%	18.54%	21.09%	19.22%	17.95%
Operating Expenses to Revenue	16.78%	19.15%	21.98%	23.75%	27.56%	29.60%	41.01%	57.47%	58.24%	64.35%	58.57%
Earnings before Interest and Taxes (EBIT)	5.83	3.53	0.51	-9.59	-15	-23	-55	-70	-72	-78	-70
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8.90	8.15	4.54	-4.86	-9.91	-13	-34	-44	-47	-40	-21
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.69	1.25	2.14	7.58	6.90	7.20	2.81	1.90	3.66	3.03	1.78
Price to Tangible Book Value (P/TBV)	2.49	1.83	3.22	14.52	0.00	11.90	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.50	0.38	0.64	1.73	2.68	6.35	5.01	2.71	4.41	7.54	3.23
Price to Earnings (P/E)	0.00	48.76	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	1.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	2.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.74	1.29	2.24	7.01	4.95	11.10	2.46	1.52	2.44	2.57	1.57
Enterprise Value to Revenue (EV/Rev)	0.48	0.34	0.61	1.75	2.88	6.01	5.44	3.76	5.48	8.26	3.90
Enterprise Value to EBITDA (EV/EBITDA)	12.29	9.62	31.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	18.76	22.23	280.65	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	22.65	51.69	126.32	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	184.07	7.13	454.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	21.74	0.00	56.93	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.04	0.01	0.02	0.17	0.88	0.57	0.61	1.05	1.14	0.43	0.49
Long-Term Debt to Equity	0.01	0.01	0.00	0.00	0.87	0.57	0.61	1.05	1.14	0.43	0.46
Financial Leverage	-0.16	-0.10	-0.10	-0.01	0.34	-0.14	0.07	0.45	0.80	0.45	0.33
Leverage Ratio	1.84	1.75	1.73	1.82	2.39	2.04	1.78	1.98	2.34	1.81	1.62
Compound Leverage Factor	1.75	1.81	1.31	1.89	3.14	3.49	2.75	2.23	2.59	2.20	1.90
Debt to Total Capital	3.77%	0.81%	1.96%	14.54%	46.79%	36.43%	37.99%	51.10%	53.28%	30.05%	32.67%
Short-Term Debt to Total Capital	2.97%	0.27%	1.70%	14.54%	0.46%	0.22%	0.09%	0.00%	0.00%	0.00%	1.63%
Long-Term Debt to Total Capital	0.80%	0.54%	0.26%	0.00%	46.33%	36.21%	37.90%	51.10%	53.28%	30.05%	31.05%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	96.23%	99.19%	98.04%	85.46%	53.21%	63.57%	62.01%	48.90%	46.72%	69.95%	67.33%
Debt to EBITDA	0.30	0.07	0.30	-1.61	-6.47	-8.28	-9.16	-8.81	-8.07	-9.46	-19.19
Net Debt to EBITDA	-0.60	-1.04	-1.15	-0.89	-3.64	5.58	-3.57	-6.16	-6.27	-6.38	-14.67
Long-Term Debt to EBITDA	0.06	0.05	0.04	0.00	-6.40	-8.23	-9.14	-8.81	-8.07	-9.46	-18.23
Debt to NOPAT	0.55	0.37	1.22	-1.09	-6.45	-6.44	-8.19	-8.11	-7.57	-6.76	-8.32
Net Debt to NOPAT	-1.11	-5.59	-4.62	-0.60	-3.63	4.34	-3.20	-5.67	-5.88	-4.56	-6.36
Long-Term Debt to NOPAT	0.12	0.25	0.16	0.00	-6.39	-6.40	-8.17	-8.11	-7.57	-6.76	-7.90
Altman Z-Score	4.25	3.59	4.63	6.35	3.57	6.18	2.44	0.81	1.28	2.99	1.50
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.80	1.75	1.74	1.36	2.22	6.23	4.68	3.30	2.25	1.95	1.66
Quick Ratio	0.97	0.92	1.02	0.73	1.66	5.60	3.94	2.52	1.46	1.51	1.15
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-5.06	3.61	-1.91	6.19	-68	-24	-547	-73	-23	-557	-55
Operating Cash Flow to CapEx	15.42%	179.73%	3.55%	-49.09%	-247.00%	-219.29%	-641.44%	-582.26%	-164.75%	-372.14%	-303.75%
Free Cash Flow to Firm to Interest Expense	-16.42	0.00	-15.78	16.01	-14.98	-1.44	-18.19	0.00	-35.74	-84.98	-9.57
Operating Cash Flow to Interest Expense	1.93	0.00	2.60	-9.95	-3.53	-1.23	-1.77	0.00	-26.89	-3.85	-4.69
Operating Cash Flow Less CapEx to Interest Expense	-10.58	0.00	-70.60	-30.20	-4.96	-1.80	-2.04	0.00	-43.21	-4.88	-6.23
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.81	1.91	1.95	1.92	1.32	0.80	0.46	0.30	0.33	0.32	0.33
Accounts Receivable Turnover	7.74	7.63	7.65	7.15	5.51	5.04	6.09	4.77	5.39	6.84	6.44
Inventory Turnover	7.76	7.69	7.57	7.36	7.12	8.52	7.78	4.97	6.12	8.98	10.45
Fixed Asset Turnover	42.16	36.02	26.15	17.25	13.91	15.16	20.52	19.67	19.43	23.62	33.26
Accounts Payable Turnover	11.87	12.91	11.71	12.14	10.32	11.96	13.13	8.19	7.66	6.75	6.95
Days Sales Outstanding (DSO)	47.18	47.87	47.69	51.05	66.27	72.35	59.97	76.48	67.69	53.40	56.66
Days Inventory Outstanding (DIO)	47.05	47.49	48.22	49.58	51.24	42.85	46.89	73.42	59.60	40.66	34.94
Days Payable Outstanding (DPO)	30.74	28.27	31.17	30.07	35.36	30.52	27.81	44.58	47.64	54.06	52.52
Cash Conversion Cycle (CCC)	63.49	67.09	64.74	70.57	82.15	84.68	79.05	105.32	79.65	40.01	39.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	63	61	64	50	109	116	625	649	622	1,124	1,131
Invested Capital Turnover	3.96	3.72	3.74	3.53	2.35	1.90	0.76	0.41	0.44	0.40	0.40
Increase / (Decrease) in Invested Capital	9.89	-2.09	3.04	-13	59	6.82	509	25	-28	502	7.30
Enterprise Value (EV)	109	78	143	353	538	1,285	1,538	986	1,515	2,891	1,779
Market Capitalization	115	87	148	348	502	1,357	1,418	711	1,220	2,638	1,473
Book Value per Share	$3.94	$4.41	$4.31	$2.83	$4.46	$8.72	$18.77	$13.75	$11.89	$24.01	$20.33
Tangible Book Value per Share	$2.67	$3.01	$2.87	$1.48	($0.09)	$5.28	($2.67)	($8.16)	($8.92)	($6.97)	($6.81)
Total Capital	71	70	70	54	137	296	813	767	713	1,246	1,226
Total Debt	2.67	0.57	1.38	7.82	64	108	309	392	380	374	400
Total Long-Term Debt	0.57	0.38	0.19	0.00	63	107	308	392	380	374	381
Net Debt	-5.36	-8.49	-5.22	4.33	36	-73	121	274	295	252	306
Capital Expenditures (CapEx)	3.85	6.12	8.86	7.84	6.53	9.23	8.29	7.40	10	6.78	8.94
Debt-free, Cash-free Net Working Capital (DFCFNWC)	25	26	21	19	24	29	35	38	16	-16	18
Debt-free Net Working Capital (DFNWC)	33	35	28	23	52	210	223	156	100	106	112
Net Working Capital (NWC)	31	35	27	15	51	209	222	156	100	106	92
Net Nonoperating Expense (NNE)	5.72	-0.27	4.51	17	5.64	20	38	21	20	-50	36
Net Nonoperating Obligations (NNO)	-5.29	-8.90	-5.27	4.38	36	-73	121	274	289	252	306
Total Depreciation and Amortization (D&A)	3.07	4.62	4.03	4.73	4.73	10	21	26	25	38	49
Debt-free, Cash-free Net Working Capital to Revenue	10.89%	11.46%	9.16%	9.50%	12.85%	13.54%	12.29%	14.60%	5.72%	-4.53%	3.93%
Debt-free Net Working Capital to Revenue	14.39%	15.40%	12.00%	11.23%	27.82%	98.06%	78.90%	59.51%	36.27%	30.35%	24.62%
Net Working Capital to Revenue	13.48%	15.32%	11.48%	7.34%	27.48%	97.75%	78.65%	59.51%	36.27%	30.35%	20.24%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.06)	$0.11	($0.22)	($1.50)	($0.96)	($1.92)	($3.02)	$0.00	($2.53)	($0.14)	($2.09)
Adjusted Weighted Average Basic Shares Outstanding	15.56M	15.68M	15.95M	16.04M	16.22M	21.96M	25.09M	0.00	27.55M	34.16M	40.47M
Adjusted Diluted Earnings per Share	($0.06)	$0.11	($0.22)	($1.50)	($0.96)	($1.92)	($3.02)	$0.00	($2.53)	($0.14)	($2.09)
Adjusted Weighted Average Diluted Shares Outstanding	15.67M	15.74M	15.95M	16.04M	16.22M	21.96M	25.09M	0.00	27.55M	34.16M	40.47M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($1.92)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	15.64M	15.77M	16.01M	16.24M	18.28M	19.01M	26.95M	0.00	28.04M	40.21M	41.15M
Normalized Net Operating Profit after Tax (NOPAT)	4.83	1.52	-0.08	-7.51	-9.93	-19	-41	-51	-57	-56	-48
Normalized NOPAT Margin	2.11%	0.66%	-0.04%	-3.73%	-5.30%	-8.93%	-14.42%	-19.60%	-20.60%	-16.04%	-10.57%
Pre Tax Income Margin	2.41%	1.59%	0.17%	-4.96%	-10.26%	-18.50%	-30.13%	-30.09%	-28.83%	-27.05%	-17.94%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	18.93	0.00	4.20	-24.79	-3.20	-1.41	-1.83	0.00	-113.71	-11.88	-12.07
NOPAT to Interest Expense	15.68	0.00	9.33	-18.59	-2.17	-1.02	-1.25	0.00	-79.06	-8.44	-8.31
EBIT Less CapEx to Interest Expense	6.42	0.00	-69.00	-45.04	-4.63	-1.97	-2.11	0.00	-130.03	-12.92	-13.61
NOPAT Less CapEx to Interest Expense	3.17	0.00	-63.87	-38.84	-3.60	-1.58	-1.53	0.00	-95.38	-9.47	-9.86
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	-3.49%	-0.81%	-16.02%	-4.54%	-3.85%	-101.68%	-8.34%

This table displays calculated financial ratios and metrics derived from PAR Technology's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-18.29%	-25.94%	805.45%	5.04%	12.40%	40.83%	82.88%	48.22%	43.83%	23.18%	14.38%
EBITDA Growth	-32.03%	9.23%	-1.90%	-150.87%	9.85%	44.23%	73.89%	79.75%	47.06%	24.71%	-182.46%
EBIT Growth	-20.57%	7.05%	3.28%	-75.00%	-8.23%	4.13%	26.37%	40.09%	12.45%	-2.38%	-35.39%
NOPAT Growth	-23.46%	7.57%	3.57%	-77.95%	-4.32%	10.87%	11.64%	41.11%	16.53%	-16.18%	-9.96%
Net Income Growth	-4.53%	27.29%	-38.19%	-14.98%	375.05%	-27.82%	-13.03%	-33.15%	-138.83%	8.35%	0.77%
EPS Growth	-2.86%	29.11%	-39.58%	-6.90%	322.22%	0.00%	16.42%	3.23%	-132.50%	19.64%	7.14%
Operating Cash Flow Growth	138.04%	-186.08%	114.89%	-40.77%	-450.27%	254.59%	138.85%	27.17%	52.14%	-4.65%	-448.21%
Free Cash Flow Firm Growth	-24.95%	98.22%	132.37%	-596.26%	-838.41%	-6,890.93%	-4,106.83%	-77.25%	-94.08%	72.31%	96.12%
Invested Capital Growth	0.89%	-0.96%	-4.24%	25.44%	26.35%	61.66%	80.74%	38.64%	42.46%	9.65%	0.65%
Revenue Q/Q Growth	-30.77%	-1.19%	-44.62%	-23.95%	-25.92%	23.81%	-28.08%	49.26%	8.23%	6.03%	0.77%
EBITDA Q/Q Growth	-86.98%	17.67%	-51.09%	-192.61%	32.81%	49.07%	29.26%	6.74%	-58.45%	27.98%	-35.48%
EBIT Q/Q Growth	-41.64%	12.23%	-22.78%	-87.51%	12.39%	22.26%	5.71%	-1.24%	-17.97%	9.09%	-8.13%
NOPAT Q/Q Growth	-43.36%	14.23%	-22.80%	-93.01%	15.95%	26.72%	-21.74%	14.85%	-9.89%	-2.00%	-2.31%
Net Income Q/Q Growth	-23.87%	21.25%	-20.06%	1.83%	396.31%	-136.60%	-6.18%	-15.64%	13.59%	13.61%	-14.95%
EPS Q/Q Growth	-24.14%	22.22%	-19.64%	7.46%	358.06%	-135.00%	0.00%	-7.14%	13.33%	13.46%	-15.56%
Operating Cash Flow Q/Q Growth	123.60%	-244.02%	124.82%	-1,768.51%	41.27%	163.56%	-61.65%	-608.77%	61.41%	226.63%	-240.04%
Free Cash Flow Firm Q/Q Growth	26.00%	70.44%	322.45%	-1,091.16%	0.27%	-120.20%	-27.49%	36.19%	-8.35%	68.58%	82.18%
Invested Capital Q/Q Growth	-2.16%	-0.49%	-2.52%	32.17%	-1.45%	27.31%	8.99%	1.39%	1.27%	-2.01%	0.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.59%	36.58%	57.65%	27.07%	40.98%	44.47%	61.08%	46.55%	45.36%	41.29%	41.20%
EBITDA Margin	-18.80%	-15.66%	-42.73%	-16.62%	-15.08%	-6.20%	-6.10%	-3.81%	-5.58%	-3.79%	-5.10%
Operating Margin	-28.59%	-24.81%	-55.02%	-23.39%	-26.53%	-15.70%	-26.58%	-15.16%	-15.40%	-14.81%	-15.04%
EBIT Margin	-28.36%	-25.19%	-55.86%	-23.10%	-27.31%	-17.15%	-22.49%	-15.25%	-16.63%	-14.25%	-15.30%
Profit (Net Income) Margin	-28.34%	-22.58%	-48.96%	-17.34%	69.34%	-20.50%	-30.26%	-23.45%	-18.72%	-15.25%	-17.40%
Tax Burden Percent	91.83%	81.41%	78.72%	70.14%	-235.87%	99.11%	82.19%	104.66%	104.70%	98.50%	104.89%
Interest Burden Percent	108.80%	110.11%	111.36%	107.01%	107.64%	120.59%	163.73%	146.87%	107.53%	108.62%	108.43%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-11.30%	-9.11%	-16.77%	-9.33%	-10.99%	-6.03%	-7.46%	-4.15%	-4.59%	-4.22%	-4.25%
ROIC Less NNEP Spread (ROIC-NNEP)	-13.45%	-10.38%	-18.18%	-9.67%	15.40%	-8.88%	-10.46%	-8.72%	-8.04%	-6.07%	-7.21%
Return on Net Nonoperating Assets (RNNOA)	-9.82%	-8.21%	-14.45%	-6.45%	8.62%	-5.58%	-4.70%	-3.69%	-2.87%	-2.50%	-2.37%
Return on Equity (ROE)	-21.12%	-17.32%	-31.22%	-15.78%	-2.38%	-11.60%	-12.16%	-7.84%	-7.46%	-6.73%	-6.62%
Cash Return on Invested Capital (CROIC)	-7.78%	-5.75%	-3.57%	-29.25%	-30.17%	-52.96%	-63.86%	-37.24%	-39.63%	-13.55%	-4.92%
Operating Return on Assets (OROA)	-12.20%	-10.12%	-18.65%	-10.56%	-12.53%	-7.44%	-7.21%	-4.90%	-5.68%	-4.69%	-5.07%
Return on Assets (ROA)	-12.19%	-9.08%	-16.35%	-7.93%	31.80%	-8.90%	-9.70%	-7.53%	-6.39%	-5.02%	-5.76%
Return on Common Equity (ROCE)	-21.12%	-17.32%	-31.22%	-15.78%	-2.38%	-11.60%	-12.16%	-7.84%	-7.46%	-6.73%	-6.62%
Return on Equity Simple (ROE_SIMPLE)	-20.58%	-19.42%	0.00%	-13.70%	0.30%	-0.37%	0.00%	-1.30%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-14	-12	-15	-17	-15	-11	-13	-11	-12	-12	-13
NOPAT Margin	-20.01%	-17.37%	-38.51%	-16.37%	-18.57%	-10.99%	-18.61%	-10.62%	-10.78%	-10.37%	-10.53%
Net Nonoperating Expense Percent (NNEP)	2.15%	1.27%	1.41%	0.34%	-26.39%	2.86%	3.00%	4.57%	3.45%	1.84%	2.95%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-2.06%	-	-	-	-1.04%	-0.88%	-0.96%	-1.00%	-1.03%
Cost of Revenue to Revenue	72.41%	63.42%	42.35%	72.93%	59.02%	55.53%	38.92%	53.45%	54.64%	58.71%	58.80%
SG&A Expenses to Revenue	23.64%	25.51%	52.83%	24.27%	32.46%	28.27%	43.93%	28.20%	28.20%	26.62%	24.98%
R&D to Revenue	21.41%	21.34%	38.09%	14.95%	20.78%	18.42%	25.05%	19.03%	18.62%	16.17%	18.15%
Operating Expenses to Revenue	56.18%	61.40%	112.67%	50.46%	67.52%	60.18%	87.67%	61.71%	60.76%	56.11%	56.23%
Earnings before Interest and Taxes (EBIT)	-20	-17	-21	-24	-21	-17	-16	-16	-19	-17	-18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-13	-11	-16	-18	-12	-6.00	-4.25	-3.96	-6.27	-4.52	-6.12
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.64	3.18	3.66	2.41	2.72	2.73	3.03	2.90	3.27	1.92	1.78
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.50	3.15	4.41	3.02	3.73	4.13	7.54	6.43	6.72	3.65	3.23
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	911.01	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.87	2.14	2.44	1.91	2.26	2.16	2.57	2.42	2.69	1.68	1.57
Enterprise Value to Revenue (EV/Rev)	3.33	4.05	5.48	3.72	4.26	4.87	8.26	7.18	7.43	4.31	3.90
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.15	1.18	1.14	0.72	0.65	0.68	0.43	0.47	0.46	0.48	0.49
Long-Term Debt to Equity	1.11	1.14	1.14	0.72	0.65	0.68	0.43	0.47	0.44	0.45	0.46
Financial Leverage	0.73	0.79	0.80	0.67	0.56	0.63	0.45	0.42	0.36	0.41	0.33
Leverage Ratio	2.27	2.34	2.34	2.08	2.01	2.06	1.81	1.73	1.69	1.75	1.62
Compound Leverage Factor	2.47	2.57	2.61	2.22	2.17	2.48	2.97	2.55	1.82	1.90	1.76
Debt to Total Capital	53.47%	54.21%	53.28%	41.97%	39.38%	40.54%	30.05%	31.83%	31.67%	32.32%	32.67%
Short-Term Debt to Total Capital	1.85%	1.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.59%	1.61%	1.63%
Long-Term Debt to Total Capital	51.63%	52.33%	53.28%	41.97%	39.38%	40.54%	30.05%	31.83%	30.08%	30.71%	31.05%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	46.53%	45.79%	46.72%	58.03%	60.62%	59.46%	69.95%	68.17%	68.33%	67.68%	67.33%
Debt to EBITDA	-10.76	-11.11	-8.07	-8.43	-8.71	-12.08	-9.46	-16.59	-21.65	-23.66	-19.19
Net Debt to EBITDA	-8.18	-8.61	-6.27	-6.55	-5.17	-8.66	-6.38	-12.00	-16.03	-17.31	-14.67
Long-Term Debt to EBITDA	-10.39	-10.73	-8.07	-8.43	-8.71	-12.08	-9.46	-16.59	-20.56	-22.48	-18.23
Debt to NOPAT	-8.94	-9.15	-7.57	-7.71	-7.65	-9.70	-6.76	-8.35	-8.80	-8.52	-8.32
Net Debt to NOPAT	-6.79	-7.09	-5.88	-5.99	-4.54	-6.96	-4.56	-6.03	-6.51	-6.23	-6.36
Long-Term Debt to NOPAT	-8.63	-8.84	-7.57	-7.71	-7.65	-9.70	-6.76	-8.35	-8.36	-8.09	-7.90
Altman Z-Score	1.25	1.38	1.49	1.63	2.26	2.01	3.13	2.82	3.17	1.80	1.62
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.31	2.16	2.25	2.07	3.12	2.13	1.95	2.05	1.70	1.70	1.66
Quick Ratio	1.78	1.68	1.46	1.52	2.44	1.63	1.51	1.51	1.23	1.22	1.15
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-20	-5.78	13	-184	-183	-404	-515	-329	-356	-112	-20
Operating Cash Flow to CapEx	106.49%	-189.89%	60.13%	-1,648.67%	-841.70%	511.69%	169.68%	-1,107.09%	-328.72%	262.25%	-540.57%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-107.71	0.00	0.00	0.00	-56.75	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	-13.80	0.00	0.00	0.00	-2.97	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	-14.64	0.00	0.00	0.00	-3.23	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.43	0.40	0.33	0.46	0.46	0.43	0.32	0.32	0.34	0.33	0.33
Accounts Receivable Turnover	5.83	5.55	5.39	6.17	7.60	7.22	6.84	5.48	6.82	6.73	6.44
Inventory Turnover	7.89	7.59	6.12	11.03	12.03	13.43	8.98	8.92	8.71	10.01	10.45
Fixed Asset Turnover	25.70	23.24	19.43	29.44	29.19	29.54	23.62	26.26	30.10	30.98	33.26
Accounts Payable Turnover	10.16	9.36	7.66	9.32	10.82	10.35	6.75	5.98	6.66	7.35	6.95
Days Sales Outstanding (DSO)	62.58	65.82	67.69	59.17	48.06	50.55	53.40	66.56	53.50	54.22	56.66
Days Inventory Outstanding (DIO)	46.26	48.06	59.60	33.09	30.34	27.17	40.66	40.91	41.90	36.48	34.94
Days Payable Outstanding (DPO)	35.93	38.98	47.64	39.15	33.73	35.25	54.06	61.06	54.83	49.64	52.52
Cash Conversion Cycle (CCC)	72.90	74.89	79.65	53.11	44.67	42.47	40.01	46.41	40.57	41.06	39.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	641	638	622	822	810	1,031	1,124	1,140	1,154	1,131	1,131
Invested Capital Turnover	0.56	0.52	0.44	0.57	0.59	0.55	0.40	0.39	0.43	0.41	0.40
Increase / (Decrease) in Invested Capital	5.64	-6.15	-28	167	169	393	502	318	344	100	7.30
Enterprise Value (EV)	1,201	1,363	1,515	1,567	1,828	2,228	2,891	2,754	3,104	1,899	1,779
Market Capitalization	902	1,058	1,220	1,271	1,601	1,890	2,638	2,467	2,809	1,606	1,473
Book Value per Share	$12.49	$12.12	$11.89	$17.83	$17.31	$19.09	$24.01	$21.19	$21.21	$20.65	$20.33
Tangible Book Value per Share	($9.02)	($9.14)	($8.92)	($8.50)	($5.41)	($9.27)	($6.97)	($6.78)	($6.83)	($6.84)	($6.81)
Total Capital	736	727	713	907	971	1,165	1,246	1,250	1,257	1,238	1,226
Total Debt	393	394	380	381	382	472	374	398	398	400	400
Total Long-Term Debt	380	380	380	381	382	472	374	398	378	380	381
Net Debt	299	305	295	296	227	339	252	288	295	293	306
Capital Expenditures (CapEx)	3.71	3.00	2.35	1.43	1.65	1.72	1.99	1.55	2.02	3.20	2.17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	28	27	16	15	12	-10	-16	2.15	6.99	5.67	18
Debt-free Net Working Capital (DFNWC)	123	115	100	101	168	123	106	112	110	113	112
Net Working Capital (NWC)	109	102	100	101	168	123	106	112	90	93	92
Net Nonoperating Expense (NNE)	5.79	3.58	3.98	1.02	-69	9.20	8.11	13	8.93	5.82	8.25
Net Nonoperating Obligations (NNO)	299	305	289	296	222	339	252	288	295	293	306
Total Depreciation and Amortization (D&A)	6.65	6.55	5.00	6.83	9.56	11	11	12	12	12	12
Debt-free, Cash-free Net Working Capital to Revenue	7.90%	7.89%	5.72%	3.68%	2.90%	-2.27%	-4.53%	0.56%	1.67%	1.29%	3.93%
Debt-free Net Working Capital to Revenue	34.09%	34.24%	36.27%	23.89%	39.04%	26.94%	30.35%	29.29%	26.40%	25.68%	24.62%
Net Working Capital to Revenue	30.32%	30.18%	36.27%	23.89%	39.04%	26.94%	30.35%	29.29%	21.61%	21.16%	20.24%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.72)	($0.56)	($0.67)	($0.62)	$1.60	($0.56)	($0.56)	($0.60)	($0.52)	($0.45)	($0.52)
Adjusted Weighted Average Basic Shares Outstanding	27.36M	27.47M	27.55M	29.52M	34.02M	35.87M	34.16M	40.17M	40.52M	40.58M	40.47M
Adjusted Diluted Earnings per Share	($0.72)	($0.56)	($0.67)	($0.62)	$1.60	($0.56)	($0.56)	($0.60)	($0.52)	($0.45)	($0.52)
Adjusted Weighted Average Diluted Shares Outstanding	27.36M	27.47M	27.55M	29.52M	34.02M	35.87M	34.16M	40.17M	40.52M	40.58M	40.47M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	27.45M	28.02M	28.04M	33.99M	36.28M	36.31M	40.21M	40.50M	40.58M	40.59M	41.15M
Normalized Net Operating Profit after Tax (NOPAT)	-16	-12	-16	-17	-15	-11	-13	-11	-12	-12	-13
Normalized NOPAT Margin	-22.83%	-17.37%	-41.64%	-16.37%	-19.11%	-11.10%	-18.96%	-10.62%	-10.78%	-10.37%	-10.53%
Pre Tax Income Margin	-30.86%	-27.74%	-62.20%	-24.71%	-29.40%	-20.68%	-36.82%	-22.40%	-17.88%	-15.48%	-16.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	-14.27	0.00	0.00	0.00	-2.74	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	-10.11	0.00	0.00	0.00	-1.90	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	-15.10	0.00	0.00	0.00	-3.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	-10.95	0.00	0.00	0.00	-2.17	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-4.80%	-4.92%	-3.85%	-6.99%	287.54%	-195.90%	-101.68%	-65.60%	-8.19%	-8.32%	-8.34%

Financials Breakdown Chart

Key Financial Trends

PAR Technology (NYSE: PAR) has shown a growing top line in 2025 alongside a strong balance sheet, but continues to experience net losses and cashflow volatility. Below are the most notable trends drawn from the last four years of quarterly statements.

Revenue growth in 2025: quarterly operating revenue rose from about $103.9 million in Q1 2025 to $120.1 million in Q4 2025, signaling a clear top‑line uptrend into year‑end.
Stable gross margin in 2025: gross profit hovered around $49–$50 million on roughly $120 million in revenue across recent quarters, implying a gross margin near 41% on average.
Quarterly cash generation shows up in parts of 2025: net cash from continuing operating activities was positive in Q3 2025 (approximately $8.4 million), indicating occasional cash flow generation despite overall negative year‑to‑date results.
Solid near‑term liquidity: cash and cash equivalents generally ranged in the mid‑$80s to low‑$90s million through 2025 (e.g., about $92.5 million in Q3 2025 and $85.1 million in Q2 2025).
Strong equity base: Total shareholders’ equity sits in the $838–859 million range in 2025, providing a substantial cushion to absorb losses and support financing needs.
Modest financing activity provides occasional liquidity: financing activities contributed small but present cash inflows in several 2025 quarters (for example, roughly a $0.7–$0.76 million inflow in Q3–Q4 2025).
Large asset base with meaningful intangibles and goodwill: total assets were around $1.38–$1.39 billion in 2025, with goodwill and intangible assets accounting for a significant portion of noncurrent assets. This reflects a history of acquisitions or intangible investments, which carries both growth potential and impairment risk if conditions worsen.
Leverage remains with substantial long‑term debt: long‑term debt typically in the $373–378 million range through 2025, offering liquidity options but representing ongoing leverage to monitor.
Operating costs high relative to revenue: SG&A, marketing, and R&D expenses run at a multiple of quarterly revenue, pressuring margins even as top line grows.
Persistent net losses and negative earnings per share: 2025 quarters show continued losses, with net income around -$20 million per quarter and basic/diluted EPS around -$0.5, underscoring an ongoing profitability challenge.

05/19/26 07:18 AM ETAI Generated. May Contain Errors.

PAR Technology Financials - Frequently Asked Questions

According to the most recent income statement we have on file, PAR Technology's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

PAR Technology's net income appears to be on an upward trend, with a most recent value of -$84.46 million in 2025, rising from -$891 thousand in 2015. The previous period was -$4.99 million in 2024. View PAR Technology's forecast to see where analysts expect PAR Technology to go next.

PAR Technology's total operating income in 2025 was -$68.77 million, based on the following breakdown:

Total Gross Profit: $198.03 million
Total Operating Expenses: $266.80 million

Over the last 10 years, PAR Technology's total revenue changed from $229.00 million in 2015 to $455.55 million in 2025, a change of 98.9%.

PAR Technology's total liabilities were at $543.99 million at the end of 2025, a 6.9% increase from 2024, and a 1,028.8% increase since 2015.

In the past 10 years, PAR Technology's cash and equivalents has ranged from $3.49 million in 2018 to $188.42 million in 2021, and is currently $79.57 million as of their latest financial filing in 2025.

Over the last 10 years, PAR Technology's book value per share changed from 3.94 in 2015 to 20.33 in 2025, a change of 415.5%.

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Financial statements for NYSE:PAR last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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PAR Technology (PAR) Financials

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PAR Technology (PAR) Financials

Annual Income Statements for PAR Technology

Quarterly Income Statements for PAR Technology

Annual Cash Flow Statements for PAR Technology

Quarterly Cash Flow Statements for PAR Technology

Annual Balance Sheets for PAR Technology

Quarterly Balance Sheets for PAR Technology

Annual Metrics And Ratios for PAR Technology

Quarterly Metrics And Ratios for PAR Technology

Financials Breakdown Chart

Key Financial Trends

PAR Technology Financials - Frequently Asked Questions

When does PAR Technology's fiscal year end?

How has PAR Technology's net income changed over the last 10 years?

What is PAR Technology's operating income?

How has PAR Technology's revenue changed over the last 10 years?

How much debt does PAR Technology have?

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How has PAR Technology's book value per share changed over the last 10 years?

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