PAR Technology Corporation (PAR) AI Stock Analysis
PAR AI stock analysis summary
AI ResearchPAR Technology Corporation provides point-of-sale, back-office, and customer engagement technology solutions for restaurants, retail, and government clients. While trailing twelve-month revenue reached $496.7M with quarterly revenue growing 18.7% year-over-year, the company posted a net margin of -18.5% in FY2025 and holds net debt of $416.8M. Over the past year, PAR shares have dropped 50.0%, lagging broader equity benchmarks.
- Market cap
- $716.8M
- Revenue (TTM)
- $496.7M
- P/E
- — fwd 9.3x
- 1Y return
- -50.0% S&P 500 16.8%
- Avg. target
- $24.94 43.9% vs last close
Bull case
- Revenue grew 30.2% in FY2025 to $455.5M, supported by a 5-year revenue CAGR of 16.3%.
- Gross margin expanded from 22.0% in FY2021 to 43.5% in FY2025.
- Analysts forecast a turn to positive earnings with an EPS estimate of $0.77 for FY2026 and $1.43 for the next fiscal year.
Bear case
- Net income remained negative at -$84.5M in FY2025, accompanied by negative free cash flow of -$30.5M.
- Net debt reached $416.8M as of June 30, 2026, with only $14.7M in cash and short-term investments.
- PAR shares fell 52.2% year-to-date and 50.0% over the past year.
What PAR Technology does
PAR Technology Corporation delivers technology solutions across two segments: Restaurant/Retail and Government. Within the Restaurant/Retail segment, it provides the Brink POS cloud platform, the Punchh customer loyalty and engagement solution, and Data Central back-office software. It also offers PAR Payment Services, wireless drive-thru headsets, and EverServ hardware platforms including PAR Infinity, PAR Phase, and EverServ 8000, along with deployment, training, installation, technical support, and repair services. In the Government segment, PAR Technology provides intelligence, surveillance, and reconnaissance solutions to federal agencies.
Growth and profitability
PAR Technology generated $455.5M in revenue in FY2025, representing 30.2% growth, following revenue of $350.0M in FY2024 and $276.7M in FY2023. Over the 5-year period from FY2020 to FY2025, revenue increased at a CAGR of 16.3%. Gross margin improved steadily from 22.0% in FY2021 to 43.5% in FY2025. However, profitability remained negative, with FY2025 net income of -$84.5M and an operating margin of -15.1%, compared to a net income of -$5.0M in FY2024. In the latest quarter ended June 30, 2026, quarterly revenue grew 18.7% year-over-year, while trailing twelve-month revenue reached $496.7M with a profit margin of -14.5% and an EPS of -$1.76.
Balance sheet and cash flow
As of June 30, 2026, cash and short-term investments stood at $14.7M against total debt of $431.5M, leaving net debt at $416.8M. Shareholders' equity was $813.8M with total assets of $1.37B. The current ratio was 2.14, and the debt-to-equity ratio was 0.53. In FY2025, the company generated operating cash flow of -$27.2M and free cash flow of -$30.5M. Capital expenditures totaled $3.3M, and share buybacks were $7.0M. Over five years, the share count grew 53.6%.
Valuation and performance
PAR Technology Corporation holds a market capitalization of $716.8M and an enterprise value of $1.10B. The stock trades at a forward P/E of 9.3x and a price-to-sales multiple of 1.4x, both below the median of its US-listed Technology peers at 18.8x and 2.8x, respectively. Conversely, its EV-to-EBITDA multiple of 152.4x stands well above the peer median of 16.6x. Over the past year, PAR returned -50.0%, lagging the S&P 500 return of 16.8%. Over five years, PAR shares declined 74.7% compared to an 83.0% gain for the benchmark.
What analysts expect
Wall Street analysts cover PAR Technology with 6 Strong Buy, 1 Buy, and 2 Hold ratings. The mean price target is $24.94, representing a 43.9% premium over the last close of $17.33. For the fiscal year ending December 31, 2026, analysts estimate revenue of $520.2M and EPS of $0.77. For the following fiscal year, 5 analysts forecast revenue of $571.8M and EPS of $1.43. PAR beat EPS expectations in 3 of the last 4 quarters. The next earnings date is November 5, 2026.
Key risks and what to watch
- Short interest accounts for 23.4% of the float, reflecting significant market skepticism.
- Cash and short-term investments of $14.7M provide limited liquidity against total debt of $431.5M.
- Free cash flow has remained negative across all five reported fiscal years, reaching -$30.5M in FY2025.
- The 5-year share count increased by 53.6%, reflecting substantial historical dilution.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this PAR AI stock analysis
This page is an AI-written research summary of PAR Technology Corporation (PAR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: PAR income statement, PAR balance sheet, PAR key metrics, PAR analyst forecast, PAR chart. See the PAR stock overview for the latest quote and news.
PAR AI stock analysis FAQ
Does PAR Technology pay a dividend?
No, PAR Technology does not pay a dividend. The company directs its funds toward operations, research and development ($81.8M in FY2025), and occasional share repurchases ($7.0M in FY2025).
What is PAR Technology's debt position?
As of June 30, 2026, PAR Technology carried $431.5M in total debt and held $14.7M in cash and short-term investments, resulting in net debt of $416.8M. Its debt-to-equity ratio is 0.53.
What are analysts forecasting for PAR Technology's revenue and earnings?
For the fiscal year ending December 31, 2026, analysts estimate revenue of $520.2M and EPS of $0.77. For the next fiscal year, 5 analysts project revenue of $571.8M and EPS of $1.43.
When is PAR Technology's next earnings date?
PAR Technology is scheduled to report its next quarterly financial results on November 5, 2026. The company beat EPS estimates in 3 of the last 4 quarters.