Latest revenue
$124.0M
as of 2026-03-31
Latest net income
$-14.6M
as of 2026-03-31
Net margin
-11.8%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $612.1M
- Enterprise value
- $612.1M
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $72.15
- 52-wk low
- $11.59
- Beta
- —
- Shares out
- 41.2M
5-year trend
What this company does
PAR Technology sells cloud software, point-of-sale hardware, and payment processing to restaurants and convenience stores, with its tech running in over 150,000 locations worldwide. Revenue comes primarily from SaaS subscriptions (loyalty, ordering, POS, analytics under brands like Punchh and Plexure), supplemented by hardware sales and payment processing fees, with McDonald's alone contributing 21% of 2025 revenue. The company is executing a multi-year pivot from a hardware vendor into a unified subscription-software platform, layering recent acquisitions like Plexure, Stuzo (PAR Retail), and Delaget onto its legacy POS business.
Generated from PAR's filing dated 2026-02-26
Key risks
- Customer concentration: McDonald's accounted for 21% of total 2025 revenue; loss or reduced spend would materially impact results.
- Hardware supply chain exposure: reliance on single-source components forces safety-stock buffers and pricing adjustments to mitigate disruption risk.
- Rising sales/marketing spend: S&M expenses grew to $48.9M in 2025 from $41.7M in 2024, pressuring margins amid intense SaaS competition.
Generated from PAR's filing dated 2026-02-26
Profitability
Gross margin
43.5%
4.1%Operating margin
-15.1%
33.2%Net margin
-18.5%
31.5%Return on equity
-10.2%
5.8%Return on assets
-6.2%
10.0%Leverage
Debt / equity
0.66×
12.9%Long-term debt / equity
0.45×
7.3%Debt / assets
39.7%
7.8%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $124.0M | +19.4% | $-14.6M | +37.2% | -11.8% |
Q4 2025 2025-12-31 | $120.1M | +14.4% | $-22.9M | +67.0% | -19.1% |
Q3 2025 2025-09-30 | $119.2M | +23.2% | $-18.2M | -213.1% | -15.3% |
Q2 2025 2025-06-30 | $112.4M | +43.8% | $-20.1M | +12.5% | -17.9% |
Q1 2025 2025-03-31 | $103.9M | +48.2% | $-23.3M | -27.2% | -22.4% |
Q4 2024 2024-12-31 | $105.0M | — | $-69.5M | — | -66.2% |
Q3 2024 2024-09-30 | $96.8M | +40.8% | $16.1M | +205.0% | 16.6% |
Q2 2024 2024-06-30 | $78.2M | +12.4% | $-23.0M | -19.1% | -29.4% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Calculating & Accounting Machines (No Electronic Computers) · SIC 3578
Your notes
Keep private notes on PAR — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$31.3M
Insider selling
$2.8M
Net activity
+$28.5M
Distinct insiders
6
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns PAR
Institutional value
$213.7M
Total shares held
16.2M
Distinct holders
104
-99 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 3.5M | $46.4M | +215.4K (+6.6%) | Added |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 1.8M | $23.8M | — | New |
| 3 | Capital Research Global Investors | 1.5M | $19.7M | -1.5M (-50.2%) | Trimmed |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 1.2M | $16.4M | — | New |
| 5 | BROOKTREE CAPITAL MANAGEMENT | 862.4K | $11.5M | +473.0K (+121.5%) | Added |
| 6 | FEDERATED HERMES, INC. | 804.4K | $10.7M | — | New |
| 7 | Bandera Partners LLC | 700.0K | $9.3M | — | New |
| 8 | DIMENSIONAL FUND ADVISORS LP | 670.2K | $8.9M | -140.1K (-17.3%) | Trimmed |
| 9 | ROYCE & ASSOCIATES LP | 579.4K | $7.7M | -357.8K (-38.2%) | Trimmed |
| 10 | Stephens Investment Management Group LLC | 458.6K | $6.1M | +175.8K (+62.2%) | Added |
| 11 | KENNEDY CAPITAL MANAGEMENT LLC | 409.7K | $5.5M | — | New |
| 12 | Visionary Wealth Advisors | 360.1K | $4.8M | +10.2K (+2.9%) | Added |
| 13 | JANE STREET GROUP, LLC | 351.1K | $4.7M | — | New |
| 14 | UBS Group AG | 335.8K | $4.5M | +136.5K (+68.5%) | Added |
| 15 | VANGUARD FIDUCIARY TRUST CO | 272.9K | $3.6M | — | New |
| 16 | Clearbridge Investments, LLC | 223.3K | $3.0M | — | New |
| 17 | LPL Financial LLC | 156.3K | $2.1M | +63.6K (+68.7%) | Added |
| 18 | Nuveen, LLC | 124.5K | $1.7M | -2.8K (-2.2%) | Trimmed |
| 19 | Bank of New York Mellon Corp | 121.0K | $1.6M | -2.5K (-2.1%) | Trimmed |
| 20 | SEI INVESTMENTS CO | 117.4K | $1.6M | +33.4K (+39.8%) | Added |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With 150,000+ active locations, what is current ARR growth, net revenue retention, and the path to GAAP profitability?
- 2
How are Engagement Cloud and Operator Cloud cross-sell attach rates trending, and what's churn risk if Punchh contracts come up for renewal?
- 3
Given hardware tariff exposure and single-source components, quantify gross margin impact and inventory safety stock as percentage of COGS.
Refreshed when PAR files a new report · last from 2026-02-26