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PAR Technology Corp (PAR) stock

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NYSE: PAR NYSE Application Software Next results ~November 5, 2026

D Fundamentals grade

PAR Technology Corp is a US-listed company in the application software industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$21

Valuation models combined (2)

Base case. Range ~$20–$22. Weighted average of 2 models (forward price-to-earnings vs peers, revenue-to-maturity model).

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

PAR Technology Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter PAR Technology files

Where PAR Technology stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $497m, up 18.8% on a year earlier, slower than the 23.9% growth a quarter earlier. Free-cash-flow margin held at -3.2%. Operating margin widened to -12.6% from -15.5%. The diluted share count is up 6.3% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 7 financial-health checks. Our revenue-to-maturity cash-flow model value is $22.62 a share, against a share price of $17.08.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

PAR Technology Corp's trailing-twelve-month revenue grew 18.8% year on year, with a free-cash-flow margin of -3.2%. Where it lags: change in growth rate of -5.1pp ranks 155 of 184 application software companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 17.2% while net income grew 16.4%: a 34pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 18.8% over the last 12 months, against a median of 12.0% for application software companies we cover.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 10.9% over 90 days.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Growth slowing. The growth rate is 5.1 points lower than a quarter earlier.
  • Loss-making. Operating margin is -12.6%: costs exceed revenue.
  • Burning cash. Free cash flow was -3.2% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 6.3% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 69% and a beta of 1.2 against the S&P 500.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.18 against an average estimate of $0.12: beat by 47.9%
Revenue
$133m, up 18.7% on a year earlier
Share reaction
+1.1% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 5, 2026; average EPS estimate $0.22

PAR Technology's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.9%
  • 1 week+4.6%
  • 1 month+26.4%
  • This year-50.4%
  • 1 year-49.0%
  • 5 years-72.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$497M
Operating margin
-12.6%
Net margin
-14.5%
EPS (TTM, diluted)
$-1.77

Growth

Revenue growth
+18.8%
Change in growth rate
−5.1 pts
Share count change
+6.3%

Cash

Free cash flow (TTM)
-$15.7M
FCF margin
-3.2%
Stock pay % of revenue
5.9%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

PAR Technology Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value PAR Technology Corp as an operating company, with every model that fits that kind of business. Cost of equity 10.3%: the 10-year Treasury yield (4.9%) plus a beta of 1.2 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: the projected cash flows don't support a positive value
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$20 ~$16–$33 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$4.0 ~$27–$75 Left out: far from the other models (more than 3x away from their median)
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$22 ~$16–$30 Included
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$21 ~$20–$22 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare PAR Technology Corp with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$6.73$5.58$9.35$21.75$30.74$62.79$52.77$26.07$43.54$72.67$36.28$18.01
Market value$105m$88m$149m$349m$499m$1.2bn$1.3bn$708m$1.2bn$2.5bn$1.5bn$736m
+ Net debt (− = net cash)−$5m−$8m−$5m$4m$35m−$74m$118m$328m$348m$267m$320m$356m
Enterprise value$100m$79m$144m$353m$534m$1.1bn$1.4bn$1.0bn$1.5bn$2.7bn$1.8bn$1.1bn
Multiples
Price / sales 0.5x0.4x0.6x1.7x2.7x5.6x4.7x2.7x4.3x7.1x3.2x1.5x
Price / earnings —49.3x——————————
Price / free cash flow —11.6x——————————
EV / EBITDA 10.3x11.6x36.8x—————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

15 /100

Weak moat

How hard PAR Technology's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 11 / 20

    Cash operating profit has been a median 8.8% of total assets over 10 years.

  • Pricing power 1 / 20

    Gross margin has been a median 23.1%, moving by 9.7 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -13.8%; its worst year was -28.7%.

  • Cash conversion 1 / 20

    Free cash flow was positive in 1 of 10 years, at a median -10.3% of revenue.

  • Discipline 8 / 20

    The diluted share count rose 87.3% over five years; stock-based pay has been a median 4.0% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (30 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $130m and EPS of $0.22 (range $0.17 to $0.30) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.77 +411% $520m +14%
Next $1.43 +86% $572m +10%

Next year's EPS estimate has moved +10.9% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +23.4% on 90 days ago. In the last 30 days, 3 analysts raised PAR Technology Corp's forecast and 1 cut it.

Consensus EPS forecast PAR Technology Corp, last 90 days
$0.50 $1.00 $1.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.62 Current fiscal year, 60 days ago: $0.62 Current fiscal year, 30 days ago: $0.77 Current fiscal year, 7 days ago: $0.77 Current fiscal year, Now: $0.77 $0.77 Next fiscal year, 90 days ago: $1.29 Next fiscal year, 60 days ago: $1.29 Next fiscal year, 30 days ago: $1.43 Next fiscal year, 7 days ago: $1.43 Next fiscal year, Now: $1.43 $1.43

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.62$1.29
60 days ago $0.62$1.29
30 days ago $0.77$1.43
7 days ago $0.77$1.43
Now $0.77$1.43

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.12 $0.18 +47.9%
Mar 2026 $0.06 $0.10 +61.3%
Dec 2025 $0.03 $0.06 +90.9%
Sept 2025 −$0.02 $0.06 +380.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

9 analysts, Oct 2026
Buy778%
Hold222%
Sell00%

Monthly trend

  1. Oct 20261629
  2. Sep 20261629
  3. Aug 20261629
  4. Jul 20261629

Counts of recommendations published by analysts covering PAR Technology Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
24.9%
of tradable shares
Days to cover
9.41
at average volume
Short interest, 1 month
−2%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
2.1%
of shares
Employees
1,800
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −49.0%

$35.34 on October 31, 2025 to $18.01

ThenNowEffect
Revenue (last 12 months) $418m $497m +18.8%
P/S multiple 3.3x 1.5x −54.4%
Share count 38m 41m −5.9%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −45.0%

$32.74 on November 3, 2023 to $18.01

ThenNowEffect
Revenue (last 12 months) $267m $497m +86.1%
P/S multiple 3.4x 1.5x −55.8%
Share count 27m 41m −33.1%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
PAR−16%−51%+67%+67%−50%−50%
Industry peers (median)−7%−50%+19%+2%−20%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
PAR50%33%58%67%25%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
PAR−44%−62%−38%−19%−58%−70%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 87% from February 22, 2021 to April 10, 2026. Getting back needed a 651% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$11.82 – $39.72
From 52-week high
−54.7%
vs 50-day average
+7.4%
vs 200-day average
+4.7%
Volatility (1 year)
69%
Beta vs S&P 500
1.16

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±9.6%
After a week
9 up, 3 down
typical move ±8.9%
After a month
7 up, 5 down
typical move ±11.6%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +1.1% +0.5% +5.6% +12.2%
May 7, 2026 +4.0% +0.5% +5.1% −4.1%
February 26, 2026 −21.1% −1.0% −6.1% −38.4%
November 6, 2025 +13.9% −1.0% +15.1% −1.3%
August 8, 2025 −19.5% +0.6% −10.5% −19.2%
May 9, 2025 +6.2% +3.2% +11.9% +5.9%
February 28, 2025 +6.1% −0.2% +5.8% +1.0%
November 8, 2024 +13.0% +0.5% +8.7% +16.1%
August 8, 2024 +13.6% +2.8% +17.6% +17.5%
May 9, 2024 −6.2% +0.7% +1.3% +1.8%
February 27, 2024 −4.1% +0.1% −8.5% −0.7%
November 9, 2023 +6.2% +0.8% +10.2% +20.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

PAR Technology Corp in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) PAR Technology Corp
$200M $300M $400M $500M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $242.9M Revenue (TTM), FY23 Q4: $308.6M Revenue (TTM), FY24 Q1: $278.2M Revenue (TTM), FY24 Q2: $286.8M Revenue (TTM), FY24 Q3: $314.9M Revenue (TTM), FY24 Q4: $350M Revenue (TTM), FY25 Q1: $383.8M Revenue (TTM), FY25 Q2: $418M Revenue (TTM), FY25 Q3: $440.5M Revenue (TTM), FY25 Q4: $455.5M Revenue (TTM), FY26 Q1: $475.7M Revenue (TTM), FY26 Q2: $496.7M $496.7M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $242.9M
FY23 Q4 $308.6M
FY24 Q1 $278.2M
FY24 Q2 $286.8M
FY24 Q3 $314.9M
FY24 Q4 $350M
FY25 Q1 $383.8M
FY25 Q2 $418M
FY25 Q3 $440.5M
FY25 Q4 $455.5M
FY26 Q1 $475.7M
FY26 Q2 $496.7M
Revenue growth, TTM YoY PAR Technology Corp
-40% -20% 0% 20% 40% 60% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -28.5% Revenue growth, TTM YoY, FY23 Q4: 17.6% Revenue growth, TTM YoY, FY24 Q1: -1.5% Revenue growth, TTM YoY, FY24 Q2: 7.5% Revenue growth, TTM YoY, FY24 Q3: 29.6% Revenue growth, TTM YoY, FY24 Q4: 13.4% Revenue growth, TTM YoY, FY25 Q1: 37.9% Revenue growth, TTM YoY, FY25 Q2: 45.7% Revenue growth, TTM YoY, FY25 Q3: 39.9% Revenue growth, TTM YoY, FY25 Q4: 30.2% Revenue growth, TTM YoY, FY26 Q1: 23.9% Revenue growth, TTM YoY, FY26 Q2: 18.8% 18.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -28.5%
FY23 Q4 17.6%
FY24 Q1 -1.5%
FY24 Q2 7.5%
FY24 Q3 29.6%
FY24 Q4 13.4%
FY25 Q1 37.9%
FY25 Q2 45.7%
FY25 Q3 39.9%
FY25 Q4 30.2%
FY26 Q1 23.9%
FY26 Q2 18.8%
Operating margin (TTM) PAR Technology Corp
-30% -20% -10% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -29.8% Operating margin (TTM), FY23 Q4: -22.2% Operating margin (TTM), FY24 Q1: -29.3% Operating margin (TTM), FY24 Q2: -28.7% Operating margin (TTM), FY24 Q3: -25.5% Operating margin (TTM), FY24 Q4: -22.6% Operating margin (TTM), FY25 Q1: -17.7% Operating margin (TTM), FY25 Q2: -15.5% Operating margin (TTM), FY25 Q3: -15.2% Operating margin (TTM), FY25 Q4: -15.1% Operating margin (TTM), FY26 Q1: -14.1% Operating margin (TTM), FY26 Q2: -12.6% -12.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -29.8%
FY23 Q4 -22.2%
FY24 Q1 -29.3%
FY24 Q2 -28.7%
FY24 Q3 -25.5%
FY24 Q4 -22.6%
FY25 Q1 -17.7%
FY25 Q2 -15.5%
FY25 Q3 -15.2%
FY25 Q4 -15.1%
FY26 Q1 -14.1%
FY26 Q2 -12.6%
FCF margin (TTM) PAR Technology Corp
-20% -15% -10% -5% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -14.8% FCF margin (TTM), FY23 Q4: -8.1% FCF margin (TTM), FY24 Q1: -11.2% FCF margin (TTM), FY24 Q2: -15.8% FCF margin (TTM), FY24 Q3: -9.0% FCF margin (TTM), FY24 Q4: -7.5% FCF margin (TTM), FY25 Q1: -5.3% FCF margin (TTM), FY25 Q2: -3.2% FCF margin (TTM), FY25 Q3: -3.3% FCF margin (TTM), FY25 Q4: -6.7% FCF margin (TTM), FY26 Q1: -6.3% FCF margin (TTM), FY26 Q2: -3.2% -3.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -14.8%
FY23 Q4 -8.1%
FY24 Q1 -11.2%
FY24 Q2 -15.8%
FY24 Q3 -9.0%
FY24 Q4 -7.5%
FY25 Q1 -5.3%
FY25 Q2 -3.2%
FY25 Q3 -3.3%
FY25 Q4 -6.7%
FY26 Q1 -6.3%
FY26 Q2 -3.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 216 235 229 245 241 218 229 230 233 201 187 214 283 262 277 350 456 497
Gross profit 44 62 50 51 53 42 45 46 51 38 37 39 62 82 89 146 198 210
EBITDA −2 10 −18 5 2 5 10 7 4 −6 −9 −14 −32 −43 −45 −41 −20 −13
Operating income −6 7 −21 −4 −1 3 7 2 −0 −10 −14 −24 −54 −69 −72 −79 −69 −63
Net income −5 3 −16 −0 0 −4 −1 2 −3 −24 −16 −37 −76 −69 −70 −5 −84 −72
Diluted EPS −$0.36 $0.21 −$1.04 −$0.02 $0.02 −$0.23 −$0.06 $0.11 −$0.22 −$1.50 −$0.96 −$1.92 −$3.02 −$2.55 −$2.53 −$0.14 −$2.09 −$1.77
Growth (year on year)
Revenue — +8.9% −2.4% +6.9% −1.5% −9.7% +5.1% +0.3% +1.3% −13.5% −7.0% +14.2% +32.3% −7.3% +5.5% +26.5% +30.2% +18.8%
EBITDA — — −278.7% — — — +78.8% −29.5% −42.8% — — — — — — — — —
Operating income — — −404.9% — — — — −66.6% — — — — — — — — — —
Margins
Gross margin 20.3% 26.3% 22.0% 20.8% 21.9% 19.1% 19.7% 20.1% 21.9% 18.6% 20.0% 18.4% 22.0% 31.1% 32.3% 41.8% 43.5% 42.2%
EBITDA margin −1.0% 4.3% −7.9% 1.9% 0.9% 2.5% 4.2% 3.0% 1.7% −2.8% −5.1% −6.5% −11.5% −16.5% −16.2% −11.8% −4.3% −2.6%
Operating margin −2.8% 2.9% −9.1% −1.6% −0.3% 1.6% 2.9% 1.0% −0.1% −5.1% −7.6% −11.2% −19.0% −26.3% −25.9% −22.6% −15.1% −12.6%
Net margin −2.4% 1.3% −6.8% −0.1% 0.1% −1.7% −0.4% 0.8% −1.5% −12.0% −8.3% −17.1% −26.8% −26.4% −25.2% −1.4% −18.5% −14.5%
Free-cash-flow margin 2.7% 3.6% 4.4% 4.7% −1.8% 2.2% −0.5% 3.3% −2.0% −3.9% −9.9% −10.1% −19.3% −16.9% −8.0% −7.5% −6.7% −3.2%
Cash flow
Cash from operations 7 12 11 13 −3 6 1 11 0 −4 −16 −20 −53 −43 −17 −25 −27 −13
Capital spending 1 4 1 2 1 2 2 3 5 4 2 1 1 1 5 1 3 3
Free cash flow 6 9 10 11 −4 5 −1 8 −5 −8 −19 −22 −55 −44 −22 −26 −30 −16
Stock-based pay 1 0 1 1 0 1 0 0 1 1 3 4 15 13 14 24 31 30
Free cash flow after stock pay 5 8 10 11 −5 4 −2 7 −5 −9 −21 −26 −69 −57 −36 −51 −61 −45
Balance sheet
Cash 4 7 8 19 10 10 8 9 7 3 28 181 188 70 37 108 80 77
Total debt 0 4 3 1 1 11 3 1 1 8 63 107 307 399 385 375 400 433
Net debt (negative = net cash) −4 −2 −5 −18 −9 1 −5 −8 −5 4 35 −74 118 328 348 267 320 356
Diluted shares — 15m 15m 15m 15m 16m 16m 16m 16m 16m 16m 19m 25m 27m 28m 34m 40m 41m
Returned to shareholders
Buybacks 0 0 0 — — — — — — 0 1 0 5 3 — — — —
Total returned 0 0 0 — — — — — — 0 1 0 5 3 — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 7 checks passed · June 30, 2026
What it owns · $1.4bn
Short-term assets $232mLonger-term assets $1.1bn
What it owes, and who funded it · $1.4bn
Short-term liabilities $105mLonger-term liabilities $451mShareholders' equity $814m
  • Short-term assets cover short-term liabilities $232m of assets due within a year against $105m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $232m short-term assets against $451m of longer-dated liabilities.
  • More cash than debt $77m of cash against $422m of debt.
  • Debt below 40% of shareholders' equity Debt is 52% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 61% to 52% over five years.
  • A year's operating cash flow covers at least 20% of debt −$13m of operating cash flow against $422m of debt.
  • Operating profit covers interest at least five times over Operating income of −$63m against $10m of interest.

From PAR Technology Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+6.3%
year over year
R&D spending
17.2%
of revenue
Days sales outstanding
56 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated PAR MSTR PD SPT CLBT ADEA Median
Revenue, last 12 months $497m $495m $495m $482m $476m $471m $482m
Revenue growth, last 12 months 18.8% 4.2% 2.3% 11.8% 18.6% 24.3% 12.0%
Revenue growth, 3-year average 23.0% −0.6% 6.8% 18.5% — 6.2% 11.1%
Revenue growth, latest quarter 18.7% −2.5% 0.8% 10.8% — 12.1% 11.9%
Gross margin 42.2% 67.8% 84.8% 77.4% 84.2% — 69.2%
Operating margin −12.6% <−999% 6.5% −5.9% 14.0% 41.6% 1.1%
Operating margin, 3-year average −18.9% −593.7% −6.7% −12.6% — 34.7% −0.8%
Net margin −14.5% <−999% 37.2% −6.1% 16.5% 26.1% 2.1%
Cash from operations / revenue −2.6% −1.5% 26.6% 11.2% 36.5% 40.6% 18.2%
Free-cash-flow margin −3.2% −2.2% 25.6% 10.5% 33.7% 40.0% 15.0%
Free-cash-flow margin, 3-year average −7.4% −8.4% 24.0% 6.2% — 44.8% 16.2%
Stock pay / revenue 5.9% 10.3% 16.3% 15.1% 9.4% 7.8% 9.3%
Change in share count 6.3% 22.3% −6.1% 3.2% 19.3% 0.5% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth 18.8% 12.0% 61 of 184
Change in growth rate Growth -5.1pp +0.2pp 155 of 184
Gross margin Profitability 42.2% 69.8% 131 of 160
Operating margin Profitability -12.6% 1.1% 125 of 181
Net margin Profitability -14.5% 2.1% 129 of 185
Free-cash-flow margin Cash generation -3.2% 15.2% 135 of 180
Stock pay as % of revenue Cash generation 5.9% 9.3% 52 of 177
Long-term debt as % of assets Balance sheet 30.8% 16.9% 74 of 98
Change in share count Balance sheet 6.3% 1.7% 114 of 163
Days sales outstanding Balance sheet 56 days 57 days 81 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Subscription Service $291M 63.9% ▲ 40.4%
Hardware $106M 23.4% ▲ 22.3%
Professional Service $58M 12.7% ▲ 4.4%
Geography
Region Revenue Share YoY
United States $379M 83.1% ▲ 23.7%
Outside the US $76.8M 16.9% ▲ 75.1%

From PAR Technology Corp's 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$839M
Institutions reporting
206
Shares held vs prior quarter
▼ 1.9%
Positions opened / closed
38 / 32

Top buyers and sellers, Q2 2026: 122 institutions bought and 85 sold ; the biggest buyer was Voss Capital, LP (+1.0M shares) and the biggest seller FMR LLC (−1.4M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Voss Capital, LP $103M 5.9M 12.3% ▲ 21.4%
Blackrock, Inc. $70.6M 4.1M 8.4% ▲ 16.4%
Newtyn Management, LLC $42.1M 2.4M 5.0% ▼ 11.5%
T. Rowe Price Investment Management, Inc. $37.6M 2.2M 4.5% ▼ 17.4%
Progeny 3, Inc. $37M 2.1M 4.4% ▼ 2.2%
Vanguard Capital Management LLC $30.8M 1.8M 3.7% ▼ 1.0%
Marshall Wace, LLP $26.6M 1.5M 3.2% ▼ 12.4%
Vanguard Portfolio Management LLC $20.8M 1.2M 2.5% ▼ 3.1%
State Street Corp $20.7M 1.2M 2.5% ▲ 11.7%
Geode Capital Management, LLC $18.6M 1.1M 2.2% ▲ 10.0%
Capital Research Global Investors $17.9M 1.0M 2.1% ▼ 30.3%
Balyasny Asset Management L.P. $16.8M 966K 2.0% ▲ 16.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not PAR Technology Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $36.8M 50 trades by 4 insiders, last 12 months Insider sales History → $2.5M 14 trades by 6 insiders · 91% under pre-set plans
Net ▲ $34.2M net buying
Insider Date Trade Shares Price Value
Codner Elizabeth M Chief Human Resources Officer September 8, 2026 Sell pre-set plan 653 $19.29 $12,596
Ostertag Oliver President, Growth & AI August 14, 2026 Sell 11,829 $18.75 $221,794
Singh Narinder Director August 12, 2026 Buy 11,518 $17.36 $199,950
Pascal Keith Director June 12, 2026 Buy 13,000 $15.16 $197,080
Voss Value-Oriented Special Situations Fund, Lp 10% owner June 12, 2026 Buy 558 $14.98 $8,359
Voss Value-Oriented Special Situations Fund, Lp 10% owner June 12, 2026 Buy 1,714 $14.34 $24,579
Voss Value-Oriented Special Situations Fund, Lp 10% owner June 12, 2026 Buy 6,857 $14.34 $98,329
Voss Value-Oriented Special Situations Fund, Lp 10% owner June 12, 2026 Buy 16,004 $14.90 $238,460
Voss Value-Oriented Special Situations Fund, Lp 10% owner June 12, 2026 Buy 64,013 $14.90 $953,794
Voss Value-Oriented Special Situations Fund, Lp 10% owner June 12, 2026 Buy 523 $14.98 $7,835
Voss Value-Oriented Special Situations Fund, Lp 10% owner June 12, 2026 Buy 6,429 $14.34 $92,192
Voss Value-Oriented Special Situations Fund, Lp 10% owner June 12, 2026 Buy 60,012 $14.90 $894,179

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 5 trades and filings

In the last 12 months, 1 member of Congress disclosed 0 purchases and 1 sale of PAR Technology Corp shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $1,001 - $15,000, traded February 18, 2026, filed March 9, 2026
  • Josh Gottheimer(D-NJ 5):Sale (full), $1,001 - $15,000, traded April 17, 2025, filed May 14, 2025
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded March 13, 2025, filed April 7, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 26, 2026
  • November 6, 2025
  • August 8, 2025
  • May 9, 2025

Recent SEC filings

Data status

When each part of this page on PAR Technology Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

PAR Technology Corp in brief

What does PAR Technology Corp do?
PAR Technology Corp is a US-listed company in the application software industry. Its financial year ends in December.
What is PAR Technology Corp's stock ticker?
PAR Technology Corp trades under the ticker PAR on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is PAR Technology Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, PAR Technology Corp reported revenue of $497M, 18.8% higher than a year earlier, according to its SEC filings.
What is PAR Technology Corp's free cash flow?
PAR Technology Corp's free-cash-flow margin is -3.2% of revenue over the trailing twelve months, ranking 135 of the 180 application software companies we cover.
Who are PAR Technology Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Voss Capital, LP, Blackrock, Inc. and Newtyn Management, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is PAR Technology Corp's market cap?
On November 2, 2026, PAR Technology Corp's market capitalisation was about $736M and net debt of $356M. Market figures come from third-party market data and may be delayed.
How much debt does PAR Technology Corp have?
PAR Technology Corp's debt-to-equity ratio is 51.9%, from its latest balance sheet (60.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are PAR Technology Corp's competitors?
In our Application Software peer group, the companies closest to PAR Technology Corp are Strategy Inc, Pagerduty, Inc., Sprout Social, Inc., Cellebrite DI Ltd. and Adeia Inc. The side-by-side comparison below sets their revenue, margins and growth against PAR Technology Corp's.
Are insiders buying or selling PAR Technology Corp stock?
Over the last 12 months, PAR Technology Corp's directors and officers reported 50 open-market purchases and 14 sales on Form 4. The insider trading page charts every trade.
When is PAR Technology Corp's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — PAR Technology Corp announces its own schedule.