PAR TECHNOLOGY CORP earnings

PAR Technology reported second quarter fiscal 2026 revenue of $133.4 million, up 18.7% from the prior-year quarter. First-half revenue rose 19.0% to $257.4 million. Gross profit increased 11.0% to $56.6 million, but gross margin fell to 42.4%, down 3.0 percentage points.

PAR Technology reported revenue of $124.0 million for fiscal 2026 Q1, up 19.4% from the prior-year quarter. Gross margin was 44.0%, down 2.6 percentage points. The operating loss was $13.9 million, up 11.8% as the loss narrowed. The net loss was $16.2 million, up 33.6% as the loss narrowed.

PAR Technology's fourth quarter revenue of $120.1 million rose 14.4% from $105.0 million in the prior-year quarter. Full year revenue of $455.5 million was up 30.2% from $350.0 million.

PAR Technology reported third-quarter revenue of $119.2 million, up 23.2% from the prior-year quarter, and year-to-date revenue of $335.4 million, up 36.9%.

PAR Technology reported second quarter fiscal 2025 revenue of $112.4 million, up 43.8% from $78.2 million in the prior-year quarter. Gross profit in the quarter rose 59.2% to $51.0 million, and gross margin increased to 45.4% from 41.0%. The operating loss narrowed to $17.3 million from $20.7 million.

PAR Technology reported first-quarter revenue of $103.9 million for the three months ended March 31, 2025, up 48.2% from $70.1 million in the prior-year quarter. Software carried the quarter. Annual recurring revenue closed the period at $282.1 million, a 52% total increase that included 18% organic growth.

PAR Technology ended fiscal 2024 with a much larger revenue base and better margins. Revenue for the fourth quarter was $105.0 million, up 50.2% from $69.9 million in the fourth quarter of 2023. Full-year revenue reached $350.0 million, up 26.5% from $276.7 million.

PAR Technology closed its fiscal 2024 third quarter with sharply higher revenue and a swing to positive adjusted EBITDA, even as GAAP net loss widened. Revenue reached $96.8 million, up 40.8% from the prior-year quarter. Year-to-date revenue was $245.0 million, up 18.5%.

PAR Technology's second quarter showed sharply higher gross profit and a large GAAP profit, but the core business still posted an operating loss. Revenue rose 12.4% to $78.15 million. Gross profit rose 66.9% to $32.03 million. Gross margin was 41.0%, up 13.4 percentage points.

PAR Technology closed the March 31, 2024 quarter with revenue of $105.5 million, up 5.0% from $100.4 million in the prior-year quarter. The top line grew even as hardware sales fell.

PAR Technology closed fiscal 2023 with fourth-quarter revenue of $107.7 million, up 10.3% from $97.7 million in the prior-year quarter. Full-year revenue reached $415.8 million, up 16.9% from $355.8 million. Growth at the top line did not carry through to the bottom line.

PAR Technology closed the third quarter of 2023 with faster top-line growth and a smaller loss. Revenue for the three months ended September 30, 2023 was $107.1 million, up 15.5% from the prior-year quarter. Year-to-date revenue was $308.1 million, up 19.4%.

PAR Technology posted 18.2% revenue growth in the second quarter of fiscal 2023, with total revenue of $100.5 million for the three months ended June 30, 2023, up from $85.1 million in the same quarter a year earlier. Revenue for the six months ended June 30, 2023 was $201.0 million, up 21.5% from $165.4 million.

PAR Technology posted first quarter revenue of $100.4 million for the three months ended March 31, 2023, up 25.1% from $80.3 million in the prior-year quarter. Gross profit rose 12.5% to $23.2 million, though gross margin slipped to 23.1% from 25.7%.

PAR Technology closed fiscal 2022 with fourth quarter revenue of $97.7 million, up 19.7% from $81.6 million in the prior-year quarter. Full year revenue reached $355.8 million, up 25.8% from $282.9 million. Gross profit grew faster than sales.

PAR Technology reported fiscal 2022 third quarter revenue of $92.8 million, up 19.1% from $77.9 million in the prior-year quarter. Revenue for the nine months ended September 30, 2022 reached $258.1 million, up 28.3% from $201.3 million. Software carried the growth.

PAR Technology closed its second quarter with revenue of $85.1 million, up 23.4% from the same quarter a year earlier. Growth was broad. Restaurant/Retail revenue rose 25.5% and Government revenue rose 17.4%.

PAR Technology's fiscal 2022 first quarter revenue hit $80.3 million, up 47.4% from $54.5 million in the same quarter a year earlier. Gross profit more than doubled to $20.6 million from $10.2 million, a 102.1% gain, and gross margin climbed to 25.7% from 18.7%. The software mix explains most of that.

PAR Technology closed fiscal 2021 with a much larger software business and a still-thin bottom line. Fourth-quarter revenue was $81.6 million, up 39.4% versus the prior-year quarter. Full-year revenue was $282.9 million, up 32.3%.

PAR Technology reported third-quarter revenue of $77.9 million, up 42.0% from the prior-year quarter, and nine-month revenue of $201.3 million, up 29.6%. The April 2021 Punchh acquisition lifted the software and services lines that carry the recurring business.

PAR Technology closed its fiscal 2021 second quarter with revenue of $69.0 million, up 50.9% from $45.7 million in the same quarter a year earlier. The April 8, 2021 acquisition of Punchh, a SaaS loyalty and customer engagement provider, reshaped the mix.

PAR Technology's fiscal 2021 first quarter, ended March 31, 2021, paired a flat top line with heavier spending. Revenue came in at $54.5 million, essentially flat against the $54.7 million reported for the prior-year quarter, a 0.5% decline.