PAR · Par Technology Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $455.55M | $349.98M | $415.82M | $355.80M | $282.88M | $213.79M |
| Cost of Revenue | $257.52M | $203.86M | $317.51M | $266.50M | $220.75M | $174.46M |
| Gross Profit | $198.03M | $146.12M | $98.31M | $89.29M | $62.12M | $39.33M |
| R&D | $81.77M | $67.26M | $58.36M | $48.64M | $34.58M | $19.25M |
| SG&A | $122.71M | $108.90M | $59.83M | $101.22M | $84.00M | $46.20M |
| Total Operating Expenses | $266.80M | $225.22M | $158.02M | $147.32M | $116.00M | $63.27M |
| D&A | $49.02M | $37.91M | $27.48M | $26.09M | $21.42M | $14.45M |
| Operating Income | ($68.77M) | ($79.10M) | ($59.71M) | ($58.03M) | ($53.88M) | ($23.95M) |
| Interest Expense | $8.69M | $13.90M | - | - | - | - |
| Income Tax | $2.92M | ($4.77M) | $1.99M | $1.25M | ($9.42M) | ($2.99M) |
| Net Income | ($84.46M) | ($4.99M) | ($69.75M) | ($69.32M) | ($75.80M) | ($36.56M) |
| EPS - Basic | ($2.09) | ($0.14) | ($2.53) | ($2.55) | ($3.02) | ($1.92) |
| EPS - Diluted | ($2.09) | ($0.14) | ($2.53) | ($2.55) | ($3.02) | ($1.92) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $79.56M | $108.12M | $37.37M | $70.33M | $188.42M | $180.69M |
| Accounts Receivable | $81.71M | $59.73M | $63.38M | $59.96M | $49.98M | $42.98M |
| Inventory | $27.44M | $21.86M | $23.59M | $37.59M | $35.08M | $21.64M |
| Accounts Payable | $39.33M | $34.78M | $29.81M | $23.28M | $20.84M | $12.79M |
| Current Assets | $232.93M | $218.05M | $180.60M | $223.95M | $283.01M | $248.93M |
| Total Assets | $1.37B | $1.38B | $802.61M | $854.86M | $888.15M | $343.75M |
| Current Liabilities | $140.74M | $111.84M | $80.23M | $67.82M | $60.52M | $39.96M |
| Long-term Debt | $374.07M | $368.36M | $377.65M | $389.19M | $305.85M | $105.84M |
| Total Liabilities | $543.99M | $509.02M | $469.54M | $479.66M | $383.80M | $155.34M |
| Stockholders' Equity | $825.15M | $871.71M | $333.06M | $375.19M | $504.35M | $188.41M |
| Retained Earnings | ($364.40M) | ($279.94M) | ($274.96M) | ($205.20M) | ($122.50M) | ($46.71M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($27.16M) | ($25.25M) | ($17.07M) | ($43.07M) | ($53.16M) | ($20.24M) |
| Investing Cash Flow | ($13.11M) | ($180.11M) | ($7.78M) | ($66.71M) | ($382.99M) | ($9.04M) |
| Financing Cash Flow | $12.27M | $278.51M | ($1.62M) | ($2.57M) | $443.61M | $180.69M |
| CapEx | $3.32M | $970.0K | $5.52M | $1.18M | $1.44M | $1.30M |
| Free Cash Flow | ($30.48M) | ($26.22M) | ($22.59M) | ($44.25M) | ($54.59M) | ($21.54M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 43.5% | 41.8% | 23.6% | 25.1% | 22.0% | 18.4% |
| Operating margin | -15.1% | -22.6% | -14.4% | -16.3% | -19.0% | -11.2% |
| EBITDA margin | -4.3% | -11.8% | -7.8% | -9.0% | -11.5% | -4.4% |
| Net margin | -18.5% | -1.4% | -16.8% | -19.5% | -26.8% | -17.1% |
| Free cash flow margin | -6.7% | -7.5% | -5.4% | -12.4% | -19.3% | -10.1% |
| FCF / Net income | 0.36 | 5.26 | 0.32 | 0.64 | 0.72 | 0.59 |
| R&D / Revenue | 18.0% | 19.2% | 14.0% | 13.7% | 12.2% | 9.0% |
| SG&A / Revenue | 26.9% | 31.1% | 14.4% | 28.4% | 29.7% | 21.6% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -6.2% | -0.4% | -8.7% | -8.1% | -8.5% | -10.6% |
| Return on equity | -10.2% | -0.6% | -20.9% | -18.5% | -15.0% | -19.4% |
| Return on invested capital | -4.5% | -5.0% | -6.6% | -6.0% | -5.3% | -6.4% |
| Liquidity | ||||||
| Current ratio | 1.66 | 1.95 | 2.25 | 3.30 | 4.68 | 6.23 |
| Quick ratio | 1.46 | 1.75 | 1.96 | 2.75 | 4.10 | 5.69 |
| Cash ratio | 0.57 | 0.97 | 0.47 | 1.04 | 3.11 | 4.52 |
| Leverage | ||||||
| Debt / Equity | 0.45 | 0.42 | 1.13 | 1.04 | 0.61 | 0.56 |
| Debt / Assets | 0.27 | 0.27 | 0.47 | 0.46 | 0.34 | 0.31 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -7.9x | -5.7x | - | - | - | - |
| Equity multiplier | 1.66 | 1.58 | 2.41 | 2.28 | 1.76 | 1.82 |
| Liabilities / Assets | 0.40 | 0.37 | 0.59 | 0.56 | 0.43 | 0.45 |
| Efficiency | ||||||
| Asset turnover | 0.33 | 0.25 | 0.52 | 0.42 | 0.32 | 0.62 |
| Inventory turnover | 9.39 | 9.33 | 13.46 | 7.09 | 6.29 | 8.06 |
| Days sales outstanding | 65d | 62d | 56d | 62d | 64d | 73d |
| Days inventory outstanding | 39d | 39d | 27d | 51d | 58d | 45d |
| Days payable outstanding | 56d | 62d | 34d | 32d | 34d | 27d |
| Cash conversion cycle | 49d | 39d | 48d | 81d | 88d | 92d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 1.8x | 2.8x | 3.6x | 1.9x | 2.6x | 6.3x |
| P / S | 3.2x | 7.1x | 2.9x | 2.0x | 4.7x | 5.6x |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 30.2% | -15.8% | 16.9% | 25.8% | 32.3% | 14.2% |
| Revenue CAGR (3y) | 8.6% | 7.4% | 24.8% | 23.9% | 6.7% | -2.8% |
| Revenue CAGR (5y) | 16.3% | 13.3% | 12.3% | 8.9% | 4.3% | -1.4% |
| Gross profit growth (YoY) | 35.5% | 48.6% | 10.1% | 43.7% | 58.0% | 2.2% |
| Operating income growth (YoY) | 13.1% | -32.5% | -2.9% | -7.7% | -125.0% | -82.4% |
| Net income growth (YoY) | -1593.6% | 92.9% | -0.6% | 8.5% | -107.3% | -134.8% |
| EPS growth (YoY) | -1392.9% | 94.5% | 0.8% | 15.6% | -57.3% | -100.0% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -16.3% | -16.0% | 48.9% | 18.9% | -153.4% | -15.9% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -5.3% | 161.7% | -11.2% | -25.6% | 167.7% | 158.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$455.55M totalReportable Segment$455.55M · 100.0%
Product / service
$455.55M totalSubscription Service$291.17M · 63.9%
Hardware$106.41M · 23.4%
Professional Service$57.97M · 12.7%
Geographic
$455.55M totalUS$378.77M · 83.1%
Non Us$76.78M · 16.9%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.64
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Calculating & Accounting Machines (No Electronic Computers)
Comparing PAR TECHNOLOGY CORP against the 4 most active filers in the same SIC group.