PAR Technology Corp income statement
In fiscal 2025, PAR Technology Corp reported revenue of $456m, up 30.2% on the year before, operating income of −$68.8m (a -15.1% margin) and net income of −$84.5m, or −$2.09 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 216 | 235 | 229 | 245 | 241 | 218 | 229 | 230 | 233 | 201 | 187 | 214 | 283 | 262 | 277 | 350 | 456 | 497 |
| Cost of revenue | 172 | 173 | 179 | 194 | 189 | 176 | 184 | 183 | 182 | 164 | 150 | 174 | 221 | 181 | 187 | 204 | 258 | 287 |
| Gross profit | 44 | 62 | 50 | 51 | 53 | 42 | 45 | 46 | 51 | 38 | 37 | 39 | 62 | 82 | 89 | 146 | 198 | 210 |
| Research and development | 14 | 16 | 14 | 14 | 16 | 9 | 10 | 12 | 12 | 12 | 13 | 19 | 35 | 49 | 58 | 67 | 82 | 86 |
| Selling, general and administrative | 35 | 38 | 36 | 40 | 38 | 29 | 27 | 31 | 38 | 36 | 38 | 46 | 84 | 101 | — | — | — | — |
| Selling and marketing | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 39 | 42 | 49 | 49 |
| General and administrative | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 72 | 109 | 123 | 119 |
| Operating income | −6 | 7 | −21 | −4 | −1 | 3 | 7 | 2 | −0 | −10 | −14 | −24 | −54 | −69 | −72 | −79 | −69 | −63 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — | — | 10 | 10 | 14 | 9 | 10 |
| Net interest income | — | — | — | — | — | — | −0 | 0 | −0 | −0 | −5 | −8 | −18 | −9 | −7 | — | — | — |
| Income before tax | −6 | 7 | −21 | −3 | −0 | 4 | 6 | 4 | 0 | −10 | −19 | −40 | −85 | −79 | −80 | −95 | −82 | — |
| Income tax | −1 | 2 | −7 | −1 | −1 | 4 | 2 | 1 | 4 | 14 | −4 | −3 | −9 | 1 | 2 | −5 | 3 | 4 |
| 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 |
| Diluted shares (average) | — | 15m | 15m | 15m | 15m | 16m | 16m | 16m | 16m | 16m | 16m | 19m | 25m | 27m | 28m | 34m | 40m | 41m |
| EBITDA | −2 | 10 | −18 | 5 | 2 | 5 | 10 | 7 | 4 | −6 | −9 | −14 | −32 | −43 | −45 | −41 | −20 | −13 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 97 | 105 | 104 | 112 | 119 | 120 | 124 | 133 |
| Cost of revenue | 54 | 60 | 56 | 61 | 70 | 71 | 69 | 77 |
| Gross profit | 43 | 45 | 48 | 51 | 49 | 49 | 55 | 57 |
| Research and development | 18 | 17 | 20 | 21 | 19 | 22 | 22 | 23 |
| Selling and marketing | 11 | 10 | 12 | 12 | 12 | 12 | 12 | 12 |
| General and administrative | 27 | 31 | 29 | 32 | 32 | 30 | 31 | 26 |
| Operating income | −15 | −16 | −16 | −17 | −18 | −18 | −14 | −13 |
| Interest expense | 5 | 4 | 3 | 2 | 2 | 2 | 2 | 4 |
| Income tax | 1 | 2 | 1 | 1 | −0 | 1 | 2 | 1 |
| Net income | −20 | −21 | −24 | −21 | −18 | −21 | −16 | −17 |
| Diluted EPS | −$0.56 | −$0.62 | −$0.60 | −$0.52 | −$0.45 | −$0.51 | −$0.39 | −$0.41 |
| EBITDA | −5 | −5 | −4 | −5 | −5 | −6 | −2 | −0 |
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