Par Technology Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Par Technology has an operating margin of -22.6%, meaning the company retains $-23 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -25.9% the prior year.
Par Technology's revenue surged 26.5% year-over-year to $350.0M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Par Technology carries a low D/E ratio of 0.42, meaning only $0.42 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.
Par Technology's current ratio of 1.95 indicates adequate short-term liquidity, earning a score of 58/100. The company can meet its near-term obligations, though with limited headroom.
While Par Technology generated -$25.2M in operating cash flow, capex of $970K consumed most of it, leaving -$26.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Par Technology passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Par Technology generates $5.06 in operating cash flow (-$25.2M OCF vs -$5.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Par Technology earns $-5.7 in operating income for every $1 of interest expense (-$79.1M vs $13.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Par Technology (PAR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Par Technology generated $350.0M in revenue in fiscal year 2024. This represents an increase of 26.5% from the prior year.
Par Technology's EBITDA was -$41.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 7.9% from the prior year.
Par Technology generated -$26.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 18.7% from the prior year.
Par Technology reported -$5.0M in net income in fiscal year 2024. This represents an increase of 92.9% from the prior year.
Par Technology earned $-0.14 per diluted share (EPS) in fiscal year 2024. This represents an increase of 94.5% from the prior year.
Par Technology held $108.1M in cash against $368.4M in long-term debt as of fiscal year 2024.
Par Technology had 39M shares outstanding in fiscal year 2024. This represents an increase of 38.1% from the prior year.
Par Technology's gross margin was 41.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 9.4 percentage points from the prior year.
Par Technology's operating margin was -22.6% in fiscal year 2024, reflecting core business profitability. This is up 3.3 percentage points from the prior year.
Par Technology's net profit margin was -1.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 23.8 percentage points from the prior year.
Par Technology invested $67.3M in research and development in fiscal year 2024. This represents an increase of 15.3% from the prior year.
Par Technology invested $970K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 80.7% from the prior year.
PAR Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $119.2M+6.0% | $112.4M+8.2% | $103.9M-1.1% | $105.0M+34.4% | $78.2M+11.5% | $70.1M+84.2% | $38.0M-44.6% | $68.7M |
| Cost of Revenue | $70.0M+13.9% | $61.4M+10.6% | $55.5M-7.5% | $60.0M+30.1% | $46.1M+4.8% | $44.0M+173.1% | $16.1M-63.0% | $43.6M |
| Gross Profit | $49.2M-3.5% | $51.0M+5.5% | $48.3M+7.4% | $45.0M+40.5% | $32.0M+22.9% | $26.1M+18.8% | $21.9M-12.7% | $25.1M |
| R&D Expenses | $19.3M-7.9% | $20.9M+5.9% | $19.8M+13.4% | $17.4M+7.4% | $16.2M+3.0% | $15.8M+8.8% | $14.5M-1.1% | $14.7M |
| SG&A Expenses | $31.7M+0.1% | $31.7M+8.2% | $29.3M-5.5% | $31.0M+22.2% | $25.4M+0.8% | $25.2M+448.8% | -$7.2M-127.5% | $26.2M |
| Operating Income | -$17.7M-2.0% | -$17.3M-9.9% | -$15.8M+4.1% | -$16.4M+20.8% | -$20.7M+22.5% | -$26.7M-27.8% | -$20.9M-22.8% | -$17.0M |
| Interest Expense | $2.0M+0.5% | $2.0M-24.2% | $2.6M-40.8% | $4.5M+88.4% | $2.4M+0.4% | $2.4M+42.2% | $1.7M-46.3% | $3.1M |
| Income Tax | -$277K-129.3% | $944K-26.3% | $1.3M-26.9% | $1.8M+186.3% | $612K+107.9% | -$7.8M-898.5% | $975K+457.1% | $175K |
| Net Income | -$18.2M+13.6% | -$21.0M+13.6% | -$24.4M-15.6% | -$21.1M-138.9% | $54.2M+396.3% | -$18.3M+1.8% | -$18.6M-20.1% | -$15.5M |
| EPS (Diluted) | $-0.45+13.5% | $-0.52+13.3% | $-0.60-7.1% | $-0.56-135.0% | $1.60+358.1% | $-0.62+7.5% | $-0.67-19.6% | $-0.56 |
PAR Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.4B-1.0% | $1.4B+0.7% | $1.4B+0.1% | $1.4B+30.7% | $1.1B+4.7% | $1.0B+25.7% | $802.6M-0.8% | $809.2M |
| Current Assets | $227.1M+3.5% | $219.3M-0.3% | $219.9M+0.8% | $218.0M-11.6% | $246.8M+27.0% | $194.3M+7.6% | $180.6M-4.3% | $188.8M |
| Cash & Equivalents | $92.5M+8.6% | $85.1M-7.1% | $91.7M-15.2% | $108.1M-5.9% | $114.9M+126.3% | $50.8M+36.6% | $37.2M-13.8% | $43.1M |
| Inventory | $25.4M-7.3% | $27.4M+18.2% | $23.2M+6.2% | $21.9M-14.4% | $25.5M+1.9% | $25.1M+6.3% | $23.6M-2.6% | $24.2M |
| Accounts Receivable | $70.5M-2.5% | $72.3M+3.3% | $70.0M+17.2% | $59.7M+19.0% | $50.2M-28.2% | $70.0M+63.9% | $42.7M-35.8% | $66.4M |
| Goodwill | $898.5M-0.9% | $906.4M+1.8% | $890.5M+0.3% | $887.5M+42.2% | $623.9M+0.8% | $618.9M+26.6% | $488.9M+0.5% | $486.3M |
| Total Liabilities | $539.3M+1.3% | $532.6M+0.6% | $529.6M+4.0% | $509.0M+8.7% | $468.4M-2.9% | $482.5M+2.8% | $469.5M-1.5% | $476.5M |
| Current Liabilities | $133.9M+3.8% | $128.9M+19.9% | $107.5M-3.9% | $111.8M+41.4% | $79.1M-15.6% | $93.7M+16.8% | $80.2M-8.0% | $87.2M |
| Long-Term Debt | $373.5M+0.2% | $372.8M-5.0% | $392.3M+6.5% | $368.4M-2.7% | $378.7M+0.1% | $378.2M+0.1% | $377.6M+0.1% | $377.1M |
| Total Equity | $838.0M-2.5% | $859.1M+0.8% | $852.0M-2.3% | $871.7M+48.2% | $588.3M+11.8% | $526.4M+58.0% | $333.1M+0.1% | $332.7M |
| Retained Earnings | -$343.5M-5.6% | -$325.3M-6.9% | -$304.3M-8.7% | -$279.9M-17.1% | -$239.1M+18.5% | -$293.2M-6.7% | -$275.0M-7.3% | -$256.3M |
PAR Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.4M+226.6% | -$6.6M+61.4% | -$17.2M-608.8% | $3.4M+124.4% | -$13.8M+41.3% | -$23.6M-1768.5% | $1.4M+124.8% | -$5.7M |
| Capital Expenditures | $1.3M+72.1% | $782K+89.3% | $413K+130.7% | $179K-50.6% | $362K+704.4% | $45K-87.8% | $368K-87.5% | $2.9M |
| Free Cash Flow | $7.0M+195.1% | -$7.4M+57.9% | -$17.6M-650.2% | $3.2M+122.5% | -$14.2M+39.9% | -$23.6M-2360.4% | $1.0M+112.1% | -$8.6M |
| Investing Cash Flow | -$3.2M-58.7% | -$2.0M+64.5% | -$5.7M-181.9% | -$2.0M-102.6% | $78.9M+152.0% | -$151.9M-5014.9% | -$3.0M-319.4% | $1.4M |
| Financing Cash Flow | $70K-90.1% | $705K-93.4% | $10.7M+1425.4% | -$810K-208.6% | $746K-99.6% | $190.8M+88624.2% | $215K-66.9% | $650K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
PAR Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.3%-4.1pp | 45.4%-1.2pp | 46.6%+3.7pp | 42.9%+1.9pp | 41.0%+3.8pp | 37.2%-20.5pp | 57.6%+21.1pp | 36.6% |
| Operating Margin | -14.8%+0.6pp | -15.4%-0.2pp | -15.2%+0.5pp | -15.6%+10.9pp | -26.5%+11.6pp | -38.2%+16.9pp | -55.0%-30.2pp | -24.8% |
| Net Margin | -15.3%+3.5pp | -18.7%+4.7pp | -23.4%-3.4pp | -20.1%-89.4pp | 69.3%+95.4pp | -26.1%+22.9pp | -49.0%-26.4pp | -22.6% |
| Return on Equity | N/A | N/A | N/A | N/A | 9.2% | N/A | N/A | N/A |
| Return on Assets | -1.3%+0.2pp | -1.5%+0.3pp | -1.8%-0.2pp | -1.5%-6.7pp | 5.1%+6.9pp | -1.8%+0.5pp | -2.3%-0.4pp | -1.9% |
| Current Ratio | 1.700.0 | 1.70-0.3 | 2.05+0.1 | 1.95-1.2 | 3.12+1.0 | 2.07-0.2 | 2.25+0.1 | 2.16 |
| Debt-to-Equity | 0.45+0.0 | 0.43-0.0 | 0.46+0.0 | 0.42-0.2 | 0.64-0.1 | 0.72-0.4 | 1.130.0 | 1.13 |
| FCF Margin | 5.9%+12.5pp | -6.6%+10.3pp | -16.9%-20.0pp | 3.0%+21.2pp | -18.2%+15.5pp | -33.7%-36.5pp | 2.8%+15.3pp | -12.6% |
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Frequently Asked Questions
What is Par Technology's annual revenue?
Par Technology (PAR) reported $350.0M in total revenue for fiscal year 2024. This represents a 26.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Par Technology's revenue growing?
Par Technology (PAR) revenue grew by 26.5% year-over-year, from $276.7M to $350.0M in fiscal year 2024.
Is Par Technology profitable?
No, Par Technology (PAR) reported a net income of -$5.0M in fiscal year 2024, with a net profit margin of -1.4%.
What is Par Technology's earnings per share (EPS)?
Par Technology (PAR) reported diluted earnings per share of $-0.14 for fiscal year 2024. This represents a 94.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Par Technology's EBITDA?
Par Technology (PAR) had EBITDA of -$41.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Par Technology have?
As of fiscal year 2024, Par Technology (PAR) had $108.1M in cash and equivalents against $368.4M in long-term debt.
What is Par Technology's gross margin?
Par Technology (PAR) had a gross margin of 41.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Par Technology's operating margin?
Par Technology (PAR) had an operating margin of -22.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Par Technology's net profit margin?
Par Technology (PAR) had a net profit margin of -1.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Par Technology's free cash flow?
Par Technology (PAR) generated -$26.2M in free cash flow during fiscal year 2024. This represents a -18.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Par Technology's operating cash flow?
Par Technology (PAR) generated -$25.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Par Technology's total assets?
Par Technology (PAR) had $1.4B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Par Technology's capital expenditures?
Par Technology (PAR) invested $970K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Par Technology spend on research and development?
Par Technology (PAR) invested $67.3M in research and development during fiscal year 2024.
How many shares does Par Technology have outstanding?
Par Technology (PAR) had 39M shares outstanding as of fiscal year 2024.
What is Par Technology's current ratio?
Par Technology (PAR) had a current ratio of 1.95 as of fiscal year 2024, which is generally considered healthy.
What is Par Technology's debt-to-equity ratio?
Par Technology (PAR) had a debt-to-equity ratio of 0.42 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Par Technology's return on assets (ROA)?
Par Technology (PAR) had a return on assets of -0.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Par Technology's cash runway?
Based on fiscal year 2024 data, Par Technology (PAR) had $108.1M in cash against an annual operating cash burn of $25.2M. This gives an estimated cash runway of approximately 51 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Par Technology's Piotroski F-Score?
Par Technology (PAR) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Par Technology's earnings high quality?
Par Technology (PAR) has an earnings quality ratio of 5.06x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Par Technology cover its interest payments?
Par Technology (PAR) has an interest coverage ratio of -5.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Par Technology?
Par Technology (PAR) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.