Saturday 7 November 2026
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PAR Technology Corporation
PAR Technology Software Application
PAR Technology Corporation’s revenue for fiscal 2025 (year ended December 2025) was $455.5 million, up 30.2% from fiscal 2024.
- Revenue
- +15.0%
- EPS
- +51.1%
- Free cash flow
- +300.7%
- Total debt
- +7.52%
Quarter to September 2026, against a year earlier
20.55
1.37
+7.14%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 230 | 233 | 201 | 187 | 214 | 283 | 262 | 277 | 350 | 456 | 515 | +7.9% | 520 | 577 | 630 | +11.4% | |
| Gross margin, % | 20.12 | 21.93 | 18.64 | 19.98 | 18.39 | 21.96 | 31.15 | 32.32 | 41.75 | 43.47 | 42.87 | +23.3 pt | ||||||
| EBT | 4 | 0 | (10) | (19) | (40) | (85) | (79) | (80) | (95) | (82) | (59) | n/m | ||||||
| EBT margin, % | 1.59 | 0.17 | (4.96) | (10.26) | (18.50) | (30.13) | (30.09) | (28.83) | (27.05) | (17.94) | (11.38) | (19.5) pt | ||||||
| Net income | 2 | (3) | (24) | (16) | (37) | (76) | (69) | (70) | (5) | (84) | (63) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 14.65 | 14.58 | 12.55 | 11.54 | 11.24 | 11.28 | 9.66 | 10.04 | 10.25 | 11.26 | 12.44 | (2.9%) | |||||
| Earnings | 0.15 | (0.22) | (1.50) | (0.96) | (1.92) | (3.02) | (2.55) | (2.53) | (0.14) | (2.09) | (1.53) | n/m | ||||||
| Cash flow | 0.70 | 0.02 | (0.24) | (0.99) | (1.06) | (2.12) | (1.59) | (0.62) | (0.74) | (0.67) | (0.01) | n/m | ||||||
| Capex | (0.39) | (0.56) | (0.49) | (0.40) | (0.49) | (0.33) | (0.27) | (0.38) | (0.20) | (0.22) | 0.00 | (6.1%) | ||||||
| Free cash flow | 0.31 | (0.54) | (0.73) | (1.40) | (1.55) | (2.45) | (1.86) | (1.00) | (0.94) | (0.89) | (0.01) | n/m | ||||||
| Book value | 4.44 | 4.33 | 2.86 | 4.49 | 9.91 | 20.10 | 13.82 | 12.09 | 25.52 | 20.39 | 19.60 | +18.5% | ||||||
| Shares, m | 16 | 16 | 16 | 16 | 19 | 25 | 27 | 28 | 34 | 40 | 41 | +11.1% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 49.59 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.0 | |||||
| P/S | 0.38 | 0.63 | 1.73 | 2.66 | 5.58 | 4.68 | 2.75 | 4.25 | 7.09 | 3.22 | 1.62 | 3.3 | ||||||
| P/B | 1.24 | 2.13 | 7.59 | 6.85 | 6.34 | 2.63 | 1.92 | 3.53 | 2.85 | 1.78 | 1.03 | 3.7 | ||||||
| EV/Sales | 0.34 | 0.61 | 1.76 | 2.85 | 5.24 | 5.10 | 3.79 | 5.36 | 7.83 | 3.88 | 2.27 | 3.7 | ||||||
| EV/FCF | 15.93 | (16.56) | (30.22) | (23.55) | (37.99) | (23.47) | (19.68) | (54.04) | (85.61) | (48.98) | (97.92) | (32.4) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 11 | 0 | (4) | (16) | (20) | (53) | (43) | (17) | (25) | (27) | 0 | n/m | |||||
| Capex | (6) | (9) | (8) | (7) | (9) | (8) | (7) | (10) | (7) | (9) | (12) | +4.3% | ||||||
| Free cash flow | 5 | (9) | (12) | (23) | (29) | (61) | (50) | (27) | (32) | (36) | 0 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 35 | 27 | 15 | 51 | 209 | 222 | 156 | 100 | 106 | 92 | 133 | +11.3% | |||||
| Net debt | (8) | (5) | 4 | 35 | (74) | 118 | 273 | 293 | 246 | 300 | 423 | n/m | ||||||
| Shareholders’ equity | 70 | 69 | 46 | 73 | 188 | 504 | 375 | 333 | 872 | 825 | 811 | +31.6% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 1.48 | (2.83) | (23.05) | (10.95) | (13.71) | (12.31) | (7.95) | (8.42) | (0.46) | (6.14) | (4.56) | (7.6) pt | |||||
| ROIC | 2.26 | (0.12) | (12.77) | (8.22) | (13.10) | (5.41) | (6.66) | (7.16) | (4.42) | (3.82) | (2.55) | (6.1) pt | ||||||
| ROE | 2.59 | (4.89) | (41.98) | (26.22) | (27.99) | (21.88) | (15.76) | (19.70) | (0.83) | (9.95) | (7.64) | (12.5) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 1,002 | 1,137 | 1,000 | 1,000 | 1,053 | 1,541 | 1,755 | 1,841 | 1,585 | 1,809 | — | +6.8% | |||||
| Revenue/emp, $m | 0.23 | 0.20 | 0.20 | 0.19 | 0.20 | 0.18 | 0.15 | 0.15 | 0.22 | 0.25 | — | +1.1% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
PAR Technology Corporation vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| DJCO Daily Journal Corp. (S.C.) | $882.0M | — (loss-making) | — (loss-making) | +15.25% (above 0%: growing) | n/m | +48.22% (above 0%: growing) | 99.41% | 19.52% | Compare |
| DSP Viant Technology Inc. | $841.2M | 25.3× | 62.4× | +33.91% (above 0%: growing) | n/m | +38.79% (above 0%: growing) | 100.00% | (3.69%) | Compare |
| PAR PAR Technology Corporation | $793.3M | — (loss-making) | — (loss-making) | +15.04% (above 0%: growing) | n/m | +300.71% (above 0%: growing) | 43.81% | (3.99%) | |
| PUBM PubMatic, Inc. | $764.3M | — (loss-making) | — (loss-making) | +10.55% (above 0%: growing) | n/m | +47.47% (above 0%: growing) | 67.07% | 0.74% | Compare |
| MITK Mitek Systems, Inc. | $763.9M | 34.4× | 39.4× | +18.17% (above 0%: growing) | +280.00% (above 0%: growing) | +19.18% (above 0%: growing) | 84.86% | 21.36% | Compare |
| DCBO Docebo Inc. | $758.5M | 24.7× | 36.8× | +13.04% (above 0%: growing) | −10.00% (below 0%: shrinking) | −154.48% (below 0%: shrinking) | 79.44% | 3.76% | Compare |
| SMWB Similarweb Ltd. | $736.7M | — (loss-making) | — (loss-making) | +8.76% (above 0%: growing) | n/m | +217.42% (above 0%: growing) | 80.73% | 0.96% | Compare |
| YALA Truth Social God Bless America ETF | $705.3M | 6.2× | 7.0× | −2.31% (below 0%: shrinking) | −12.50% (below 0%: shrinking) | +9,191.70% (above 0%: growing) | 67.55% | 23.49% | Compare |
| VTEX VTEX | $677.8M | 23.2× | 19.9× | +9.52% (above 0%: growing) | +200.00% (above 0%: growing) | +79.12% (above 0%: growing) | 80.31% | 15.00% | Compare |
| Median of peers | $761.2M | 24.7× | 36.8× | +11.80% | +95.00% | +47.85% | 80.52% | 9.38% |
Pay and ownership Proxy statement filed 16 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 14.16m | (8.55m) | 57.78 |
| 2024 | 15.41m | 30.91m | 236.40 |
| 2023 | 9.67m | 15.19m | 141.64 |
| 2022 | 2.16m | (7.77m) | 84.81 |
| 2021 | 1.12m | 1.93m | 171.67 |
Ownership
Directors and executive officers, together
2.30%
Voss Capital, LP3773 Richmond, Suite
13.20%
Capital Research Global Investors333 South Hope Street55th Fl Los Angeles, California
7.80%
FMR LLC245 Summer StreetBoston, Massachusetts
7.00%
BlackRock, Inc.50 Hudson YardsNew York, NY
6.90%
T. Rowe Price Investment Management, Inc.
6.30%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement