PAR Technology Q4 Revenue Up 14.4% to $120.1M, EPS Beats Estimates
PAR Technology reported Q4 revenue of $120.1 million, up 14.4% year-over-year and 4.3% above consensus, with adjusted EPS of $0.06 beating estimates by $0.03. Adjusted EBITDA of $7.05 million missed projections by 4%, operating margin held at negative 15%, and ARR totaled $315.4 million.
1. Q4 Financial Results
PAR Technology delivered $120.1 million in Q4 revenue, up 14.4% year-over-year and 4.3% above consensus. Adjusted EPS reached $0.06 per share, surpassing forecasts by $0.03, while adjusted EBITDA amounted to $7.05 million, missing estimates by 4%.
2. Profitability and Margins
The company reported an operating margin of negative 15%, unchanged from the prior year, and adjusted EBITDA margin of 5.9%, below the 6.2% forecast. High expense levels continue to weigh on profitability despite gradual improvement over five years.
3. ARR and Growth Trends
Annual recurring revenue climbed to $315.4 million, reflecting 15.7% year-over-year growth and matching estimates. PAR’s ARR has grown at an average 55.7% annual rate over two years, underscoring recurring contract stability.
4. Outlook and Commentary
Analysts forecast 10.1% revenue growth and full-year EPS of $0.14 for the next 12 months. Management emphasized record ARR additions in H2 2025 and progress on its unified AI platform strategy heading into 2026.