PAR Technology(NYSE) PAR

PAR Technology Corporation makes tools that help restaurants and stores run better. Their software helps businesses handle orders and reward loyal customers. They also provide technical services to government agencies.

What Is in the Box?

• Subscription Services: Cloud-based software for managing point-of-sale systems, customer loyalty programs, and back-office tasks; accounts for 62.5% of revenue.
• Hardware: Physical equipment including terminals, kiosks, and drive-thru headsets for restaurant and retail environments; represents 26.3% of revenue.
• Professional Services: Technical training, installation, and repair services for commercial customers; makes up 11.2% of revenue.
• Government Solutions: Technical support for the Department of Defense including systems engineering and satellite facility operations.

Growth and Expansion

• Acquired the Bridg product line on March 24, 2026, to expand customer data and marketing capabilities.
• Completed the Stuzo Acquisition to add loyalty and digital commerce technology for convenience stores.
• Integrated mobile checkout offerings through the GoSkip Asset Acquisition in 2025.
• Expanded product features to include artificial intelligence for better store management and operations.

What Makes PAR Stand Out

The company integrates cloud software with proprietary hardware to create a unified management platform for large restaurant chains. Operations span commercial retail markets and specialized intelligence and surveillance support for federal government agencies.

The Scorecard

• Total revenues reached $133.4 million in the three months ended June 30, 2026, up 18.7% year over year.
• Annual recurring revenue grew to $338.0 million as of June 30, 2026, an increase of 17.3% year over year.
• Adjusted EBITDA was $14.3 million in the second quarter of 2026, up from $5.5 million in the same period of 2025.
• Net loss from continuing operations was $16.9 million in the three months ended June 30, 2026, an improvement of $4.1 million year over year.

Bottom Line

PAR Technology has transitioned from a hardware provider to a software-led company focused on recurring subscription revenue. Its growth through acquisitions and cloud integration has established a multi-industry presence across commercial and government sectors.