UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q PAR TECHNOLOGY CORPORATION (Exact name of registrant as specified in its charter) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2025 OR ☐ TRANSITION REPORT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From __________ to __________ Commission File Number: 1-09720 Delaware 16-1434688 (State or other juri ...

PAR (PAR) Q2 2025 Earnings Call August 08, 2025 09:00 AM ET Speaker0Good day, and thank you for standing by. Welcome to the PAR Technology Fiscal Year twenty twenty five Second Quarter Financial Results Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you'll need to press 11 on your telephone.You will then hear an automated message advised when your hand is raised. To withdraw ...

PAR Technology (PAR) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.04 per share. This compares to a loss of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -25.00%. A quarter ago, it was expected that this software provider for the hospitality industry would post a loss of $0.05 per share when it actually produced a loss of $0.01, delivering a surprise of +80%.Over the la ...

Q2 '25 Earnings Presentation August 8, 2025 NYSE: PAR partech.com 1 Forward-Looking Statements. This presentation contains forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended, and the Private Securities Litigation Reform Act of 1995, and the accuracy of such statements is necessarily subject to risks, uncertainties and assumptions as to future events that may not prove ...

Exhibit 99.1 FOR RELEASE: CONTACT: New Hartford, NY, August 8, 2025 Christopher R. Byrnes (315) 743-8376 chris_byrnes@partech.com, www.partech.com PAR TECHNOLOGY CORPORATION ANNOUNCES SECOND QUARTER 2025 RESULTS New Hartford, NY - August 8, 2025 -- PAR Technology Corporation (NYSE: PAR) ("PAR Technology" or the "Company") today announced its financial results for the second quarter ended June 30, 2025. "Q2 was another strong quarter in proving out our "Better Together" thesis. We signed a record amount of m ...

PAR Technology (PAR) closed the last trading session at $65.46, gaining 6.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $87.38 indicates a 33.5% upside potential.The mean estimate comprises eight short-term price targets with a standard deviation of $10.27. While the lowest estimate of $65 indicates a 0.7% decline from the current price level, the most optimistic analyst expec ...

Summary of PAR Technology Conference Call Company Overview - **Company**: PAR Technology Corporation - **Industry**: Restaurant Technology Solutions - **Focus**: Development of a comprehensive SaaS platform for enterprise restaurants, including POS systems, online ordering, and loyalty programs [2][5][15] Key Points and Arguments 1. **Sales Momentum**: PAR has experienced strong sales momentum in the enterprise restaurant landscape, with expectations for profit and free cash flow to ramp quickly as large contracts go live [2][24] 2. **Unified Experience**: The company aims to simplify restaurant operations by integrating various technologies into a unified platform, addressing the complexity of managing multiple point solutions [6][12][15] 3. **Market Position**: PAR serves a diverse range of clients from emerging chains to established brands, leveraging a strong reputation built over 40 years [7][8] 4. **Technology Integration Challenges**: The restaurant industry faces challenges with point-to-point integrations, leading to operational inefficiencies. PAR's platform aims to solve these issues by providing a cohesive solution [9][31] 5. **Acquisition Strategy**: PAR has a focused M&A strategy aimed at acquiring best-in-class products to fill product gaps and enhance their existing offerings [19][20] 6. **Growth in Convenience Stores**: The company is expanding into the convenience store market, which is growing rapidly in food service offerings, with a projected growth rate of 14-15% annually [22][53] 7. **International Expansion**: PAR is pursuing international opportunities, particularly as U.S. brands expand overseas, and has acquired companies to facilitate this growth [47][48] 8. **Customer References**: Strong customer references from well-known brands like Burger King and Sweetgreen are crucial for PAR's sales strategy, as they enhance credibility and attract new clients [38][39] 9. **Operational Efficiency**: The company has maintained flat operating expenses while investing in R&D and sales, optimizing its cost structure to maximize leverage [66][70] 10. **Future Outlook**: PAR anticipates continued growth driven by cross-selling opportunities, international expansion, and the digital transformation of the food service industry [24][25][64] Additional Important Insights - **Customer Experience Focus**: PAR emphasizes the importance of delivering a superior customer experience, which is critical for retaining clients and driving upsell opportunities [12][40] - **Cultural Values**: The company has a unique culture focused on urgency, ownership, and speed, which is integral to its operational success [27][28] - **Digital Transformation**: The restaurant industry is still in the early stages of digital transformation, presenting significant growth opportunities for PAR [25][57] - **Product Development**: The company is committed to continuous product improvement and innovation, ensuring that it remains competitive in the rapidly evolving tech landscape [26][66] This summary encapsulates the key points discussed during the PAR Technology conference call, highlighting the company's strategic direction, market challenges, and growth opportunities.

Group 1 - PAR Technology (PAR) shares have increased by 26.2% over the past four weeks, closing at $69.21, with a mean price target of $87.38 indicating a potential upside of 26.3% [1] - The average price targets from analysts range from a low of $65 to a high of $100, with a standard deviation of $10.27, suggesting variability in estimates [2] - Analysts show strong agreement on PAR's ability to report better earnings than previously predicted, which supports the potential for stock upside [4][11] Group 2 - The Zacks Consensus Estimate for PAR has increased by 15% due to one upward revision in earnings estimates over the last 30 days, with no negative revisions [12] - PAR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for near-term upside [13]

Summary of PAR Technology FY Conference Call (May 13, 2025) Company Overview - **Company**: PAR Technology - **Industry**: Restaurant technology and software solutions - **Core Business**: Provides an end-to-end software platform for managing enterprise restaurant workflows, including point of sale, loyalty, online ordering, and back office solutions [2][4][5] Key Points and Arguments Product Portfolio and Strategy - PAR has expanded its product offerings significantly, focusing on four key areas: point of sale, back office, loyalty, and online ordering [4] - The company aims to enhance customer value by integrating products, making it easier for clients to adopt multiple solutions [12][14] - The payments segment is growing rapidly, with innovative features like a digital wallet program that integrates loyalty and payment functionalities [6][7][8][9] Market Position and Sales Strategy - The sales strategy has shifted towards multi-product deals, with nearly all recent contracts involving multiple solutions [10][11] - The company has successfully landed major clients like Burger King and Wendy's, leveraging its growing reputation and referenceable customer base [19][20] Financial Performance and Growth Outlook - PAR's weighted pipeline is reported to be the strongest ever, driven by cross-selling opportunities and a diverse customer base [22][23] - The company anticipates strong growth in 2025 and beyond, as restaurants increasingly digitize their operations [24] Industry Trends and Consumer Behavior - There is a slight decline in restaurant traffic, but technology spending remains stable, particularly in loyalty and back office solutions [28][31] - In a recessionary environment, PAR expects to benefit from increased demand for loyalty programs and back office efficiency tools [32][35][36] Competitive Landscape - Key competitors include Oracle (Micros), NCR, and Toast, with PAR differentiating itself through a comprehensive suite of integrated products [38][39][40] - The company believes that its focus on product quality and customer value will help it outperform competitors who may rely on price cuts [77][80] Total Addressable Market (TAM) and Market Penetration - The estimated TAM for PAR in the U.S. and Canada is between $3.5 billion and $6 billion, with less than 10% market penetration in software revenues [49][50] - The loyalty segment is a stronghold for PAR, growing at 18%, while there is significant room for growth in POS and back office solutions [51][52] Mergers and Acquisitions - Recent acquisitions include Stuzo and Task, aimed at expanding into convenience stores and international markets, respectively [54][58] - The integration of these acquisitions is progressing well, with expectations of leveraging existing customer relationships for growth [56][60] Financial Management and Profitability - PAR focuses on maintaining a balance between growth and margin expansion, with a goal of achieving higher EBITDA margins over time [69][71] - The company has demonstrated strong operating leverage, with significant EBITDA improvement driven by organic growth [72][74] Additional Insights - The resilience of the restaurant technology sector is highlighted, with historical performance during economic downturns suggesting continued demand for PAR's solutions [37][85] - PAR's ambition extends beyond restaurant technology, aiming to build a platform that serves the broader food service industry [86][87]

Financial Performance - Total revenues for Q1 2025 reached $103.859 million, a 48.4% increase from $70.073 million in Q1 2024[17] - Subscription service revenue grew to $68.410 million, up 78.5% from $38.379 million year-over-year[17] - The company reported a net loss of $24.350 million for Q1 2025, compared to a net loss of $18.288 million in Q1 2024[19] - Gross margin improved to $48.342 million, representing a gross margin percentage of approximately 46.5%[17] - Operating expenses increased to $64.092 million, up 21.5% from $52.801 million in the same quarter last year[17] - Adjusted EBITDA improved by $14,700,000 year-over-year, indicating a positive trend in operational performance[96] - The net loss for Q1 2025 was $24,350,000, compared to a net loss of $18,288,000 in Q1 2024, representing an increase in loss of $6,062,000[86] - The company reported a net loss from continuing operations of $23.5 million for the three months ended March 31, 2025, compared to a net loss of $19.8 million in 2024[68] Cash Flow and Liquidity - Cash used in operating activities for continuing operations was $17,171 thousand for the three months ended March 31, 2025, compared to $24,025 thousand for the same period in 2024, showing a decrease in cash used of about 29%[24] - Cash and cash equivalents decreased to $91.652 million from $108.117 million at the end of 2024, a decline of 15.2%[15] - Total cash and cash equivalents and cash held on behalf of customers decreased to $109,711 thousand as of March 31, 2025, down from $121,545 thousand at the end of 2024, representing a decline of approximately 9.7%[32] - Cash provided by financing activities was $10.7 million in Q1 2025, down from $190.8 million in Q1 2024, mainly due to the repayment of $90 million under the Credit Facility[137] - The company expects available cash and cash equivalents to be sufficient to meet operating needs for at least the next 12 months[138] Debt and Financing - Long-term debt increased to $392.270 million, up from $368.355 million at the end of 2024, indicating a rise of 6.4%[15] - The principal amount of long-term debt as of March 31, 2025, was $400,000,000, with total notes payable at $392,270,000[79] - The company completed a private offering of $115.0 million in Convertible Senior Notes due 2030, with a 1.00% interest rate[76] - The company incurred a loss of $5.8 million on debt extinguishment after repaying $90.0 million under its former credit facility[77] Acquisitions and Investments - The GoSkip Asset Acquisition was completed for approximately $4.8 million, aimed at expanding the company's retail product offerings[41] - The Delaget Acquisition involved a total purchase consideration of $125.1 million, including $16.9 million in cash and equity consideration valued at $108.2 million[48] - The TASK Group Acquisition was completed for a total consideration of $245.5 million, which included $131.5 million in cash and 2,163,393 shares of common stock[59] - The company reported additional revenues of $11.8 million from the Stuzo Acquisition and $11.6 million from the TASK Group Acquisition for the three months ended March 31, 2025[67] Revenue Recognition and Deferred Revenue - Deferred revenue increased to $31.1 million as of March 31, 2025, from $24.7 million at December 31, 2024, reflecting a growth of 25.5%[37] - The company recognized $11.4 million in revenue from deferred revenue at the beginning of the period for Q1 2025, compared to $2.7 million for Q1 2024, indicating a significant increase in revenue recognition[38] Operational Metrics - Total Annual Recurring Revenue (ARR) reached $282.1 million as of March 31, 2025, a 51.9% increase from $185.7 million in 2024[126] - Active sites for Engagement Cloud increased to 120.6 thousand in Q1 2025, up 30.1% from 92.7 thousand in Q1 2024[128] - Active sites for Operator Cloud surged to 59.0 thousand in Q1 2025, an increase of 118.5% from 27.0 thousand in Q1 2024[128] - The company reported an organic ARR growth of 18.1% in Engagement Cloud and 18.0% in Operator Cloud for Q1 2025[126] Stock-Based Compensation - The company reported stock-based compensation of $7,181 thousand for the three months ended March 31, 2025, compared to $4,410 thousand for the same period in 2024, reflecting an increase of about 63%[24] - Stock-based compensation expense totaled $7,181,000 in Q1 2025, up from $4,410,000 in Q1 2024, marking a 62.5% increase[80] - The aggregate unrecognized compensation expense related to unvested equity awards was $66,700,000, expected to be recognized from fiscal years 2025 through 2028[81] Other Financial Metrics - The company experienced a foreign currency translation adjustment of $4.254 million in Q1 2025, compared to a loss of $2.714 million in Q1 2024[19] - The company incurred a loss on debt extinguishment amounting to $5,791 thousand during the three months ended March 31, 2025[24] - The estimated future amortization of intangible assets totals $222.2 million, with $33.1 million expected for the remaining part of 2025[75] - The company recognized $20.7 million in deferred tax liabilities primarily related to intangible assets at the time of the TASK Group Acquisition[66]