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PAR(PAR) - 2025 Q1 - Earnings Call Presentation
2025-05-09 11:35
Financial Performance - PAR's Q1 2025 total ARR reached $282.1 million[12,48] - The company achieved 18% organic ARR growth year-over-year[18,24] - Total ARR growth was 52% year-over-year[25,39] - Non-GAAP subscription service gross margin percentage improved to 69.1% in Q1 2025, up from 65.7% in Q1 2024, a 340 basis point increase[18,32,41] - Non-GAAP consolidated gross margin percentage increased by 860 basis points year-over-year to 54.2%[33,42] - Adjusted EBITDA was $4.5 million in Q1 2025, a $14.7 million increase from Q1 2024's $(10.201) million[18,39,44] - Subscription service revenue increased by 78% from $38.379 million in Q1 2024 to $68.410 million in Q1 2025[36,39] Business Growth & Strategy - Operator Cloud ARR grew by 49% year-over-year[28] - Engagement Cloud ARR grew by 54% year-over-year[29] - The company emphasizes cross-selling to leverage revenue opportunities[18] - Strategic M&A activities, including acquisitions of PAR Retail, TASK Group, and Delaget, have expanded PAR's total addressable market (TAM)[18]