PAR TECHNOLOGY CORP
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
PAR$21.81+6.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues, net: | |||
| Subscription service | $291,170 | $207,422 | $122,597 |
| Hardware | 106,410 | 87,040 | 103,391 |
| Professional service | 57,967 | 55,520 | 50,726 |
| Total revenues, net | 455,547 | 349,982 | 276,714 |
| Cost of sales: | |||
| Subscription service | 132,027 | 96,519 | 63,735 |
| Hardware | 82,044 | 65,923 | 80,319 |
| Professional service | 43,450 | 41,416 | 43,214 |
| Total cost of sales | 257,521 | 203,858 | 187,268 |
| Gross margin | 198,026 | 146,124 | 89,446 |
| Operating expenses: | |||
| Sales and marketing | 48,911 | 41,708 | 38,513 |
| General and administrative | 122,707 | 108,898 | 72,139 |
| Research and development | 81,771 | 67,258 | 58,356 |
| Amortization of identifiable intangible assets | 13,408 | 8,452 | 1,858 |
| Adjustment to contingent consideration liability | — | (600) | (9,200) |
| Gain on insurance proceeds | — | (495) | (500) |
| Total operating expenses | 266,797 | 225,221 | 161,166 |
| Operating loss | (68,771) | (79,097) | (71,720) |
| Other (expense) income, net | (1,118) | 1,146 | (485) |
| Loss on extinguishment of debt | (5,791) | (6,560) | (635) |
| Interest expense, net | (6,055) | (10,167) | (6,931) |
| Loss from continuing operations before income taxes | (81,735) | (94,678) | (79,771) |
| (Provision for) benefit from income taxes | (2,923) | 4,768 | (1,848) |
| Net loss from continuing operations | (84,658) | (89,910) | (81,619) |
| Net income from discontinued operations | 197 | 84,923 | 11,867 |
| Net loss | $(84,461) | $(4,987) | $(69,752) |
| Net (loss) income per share (basic and diluted) | |||
| Continuing operations | $(2.09) | $(2.63) | $(2.96) |
| Discontinued operations | — | 2.49 | 0.43 |
| Total | $(2.09) | $(0.14) | $(2.53) |
| Weighted average shares outstanding (basic and diluted) | 40,473 | 34,155 | 27,552 |
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