PAR TECHNOLOGY CORP
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
PAR$22.30+2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues, net: | ||||
| Subscription service | $74,763 | $59,909 | $215,076 | $143,160 |
| Hardware | 29,895 | 22,650 | 78,602 | 60,992 |
| Professional service | 14,525 | 14,195 | 41,768 | 40,825 |
| Total revenues, net | 119,183 | 96,754 | 335,446 | 244,977 |
| Cost of sales: | ||||
| Subscription service | 33,431 | 26,789 | 94,475 | 66,424 |
| Hardware | 24,567 | 16,878 | 60,575 | 46,587 |
| Professional service | 11,970 | 10,056 | 31,847 | 30,849 |
| Total cost of sales | 69,968 | 53,723 | 186,897 | 143,860 |
| Gross margin | 49,215 | 43,031 | 148,549 | 101,117 |
| Operating expenses: | ||||
| Sales and marketing | 12,478 | 10,500 | 36,534 | 31,237 |
| General and administrative | 31,725 | 27,352 | 92,706 | 77,896 |
| Research and development | 19,276 | 17,821 | 59,977 | 49,826 |
| Amortization of identifiable intangible assets | 3,389 | 2,699 | 10,042 | 5,577 |
| Adjustment to contingent consideration liability | — | — | — | (600) |
| Gain on insurance proceeds | — | (147) | — | (147) |
| Total operating expenses | 66,868 | 58,225 | 199,259 | 163,789 |
| Operating loss | (17,653) | (15,194) | (50,710) | (62,672) |
| Other income (expense), net | 664 | (1,400) | (808) | (1,710) |
| Interest expense, net | (1,465) | (3,417) | (4,507) | (6,755) |
| Loss on extinguishment of debt | — | — | (5,791) | — |
| Loss from continuing operations before income taxes | (18,454) | (20,011) | (61,816) | (71,137) |
| Benefit from (provision for) income taxes | 277 | (653) | (1,948) | 6,520 |
| Net loss from continuing operations | (18,177) | (20,664) | (63,764) | (64,617) |
| Net income from discontinued operations | — | 832 | 197 | 80,687 |
| Net (loss) income | $(18,177) | $(19,832) | $(63,567) | $16,070 |
| Net (loss) income per share (basic and diluted): | ||||
| Continuing operations | $(0.45) | $(0.58) | $(1.58) | $(1.90) |
| Discontinued operations | — | 0.02 | — | 2.38 |
| Total | $(0.45) | $(0.56) | $(1.58) | $0.48 |
| Weighted average shares outstanding (basic and diluted) | 40,582 | 35,865 | 40,427 | 33,931 |
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