PAR TECHNOLOGY CORP
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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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, 2026 · Filed Nov 5, 2026
PAR$22.30+2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(42,104) | $(63,567) |
| Net income from discontinued operations | — | (197) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 38,244 | 36,768 |
| Accretion of debt in interest expense, net | 1,932 | 1,751 |
| Current expected credit losses | 2,178 | 3,422 |
| Provision for obsolete inventory | 1,749 | 794 |
| Stock-based compensation | 21,525 | 22,889 |
| Impairment loss | 5,482 | — |
| (Gain) loss on debt extinguishment, net | (380) | 5,791 |
| Deferred income tax | (330) | (696) |
| Changes in operating assets and liabilities, net of acquisitions: | ||
| Accounts receivable | 2,846 | (13,836) |
| Inventories | (15,536) | (4,062) |
| Other current assets | (681) | (9,353) |
| Other assets | (6,426) | 5,885 |
| Accounts payable | (1,129) | (3,394) |
| Accrued salaries and benefits | (584) | (1,866) |
| Accrued expenses | (1,303) | (4,775) |
| Customer deposits and deferred service revenue | 6,661 | 8,085 |
| Customers payable | 318 | 1,000 |
| Other long-term liabilities | (1,079) | (45) |
| Cash provided by (used in) operating activities - continuing operations | 11,383 | (15,406) |
| Cash provided by (used in) operating activities - discontinued operations | — | — |
| Net cash provided by (used in) operating activities | 11,383 | (15,406) |
| Cash flows from investing activities: | ||
| Cash paid for acquisition, net of cash acquired | (275) | (4,323) |
| Capital expenditures | (975) | (2,541) |
| Capitalization of software costs | (8,310) | (4,226) |
| Cash used in investing activities - continuing operations | (9,560) | (11,090) |
| Cash provided by investing activities - discontinued operations | — | 197 |
| Net cash used in investing activities | (9,560) | (10,893) |
| Cash flows from financing activities: | ||
| Repayments of long-term debt | (209,040) | (93,600) |
| Proceeds from debt issuance, net of original issue discount | 257,050 | 111,136 |
| Repurchase of common stock | (33,125) | — |
| Treasury stock acquired from employees upon vesting or forfeiture of restricted stock | — | (7,043) |
| Proceeds from employee stock purchase plan | 536 | 628 |
| Proceeds from exercise of stock options | 171 | 390 |
| Cash provided by financing activities - continuing operations | 15,592 | 11,511 |
| Cash provided by financing activities - discontinued operations | — | — |
| Net cash provided by financing activities | 15,592 | 11,511 |
Continued on next page
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Effect of exchange rate changes on cash and cash equivalents | (2,170) | 136 |
| Net increase (decrease) in cash and cash equivalents and cash held on behalf of customers | 15,245 | (14,652) |
| Cash and cash equivalents and cash held on behalf of customers at beginning of period | 93,685 | 121,545 |
| Cash and cash equivalents and cash held on behalf of customers at end of period | $108,930 | $106,893 |
| Reconciliation of cash and cash equivalents and cash held on behalf of customers | ||
| Cash and cash equivalents | $94,492 | $92,465 |
| Cash held on behalf of customers | 14,438 | 14,428 |
| Total cash and cash equivalents and cash held on behalf of customers | $108,930 | $106,893 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for interest | $8,132 | $2,275 |
| Cash paid for income taxes | $4,963 | $4,865 |
| Capitalized software recorded in accounts payable | $432 | $190 |
| Capital expenditures in accounts payable | $257 | $119 |
| Common stock issued for acquisition | $24,836 | $108,182 |
| Common stock issued for conversion of 2026 Notes | $20,567 | $— |
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