PAR Technology presents a turnaround opportunity as recurring software revenue grows and spending discipline improves, with shares trading below historical sales multiples. PAR's unified restaurant platform and embedded enterprise relationships enable efficient cross-selling, supporting revenue growth and customer retention despite competitive and operational challenges. Recent financials show Q2 revenue up 19% YoY to $133.4M, organic ARR up 12%, and adjusted EBITDA at $14.3M, but GAAP net losses and margin pressures persist.
PAR Technology is shifting focus from platform expansion to monetization, aiming to accelerate profit growth over sales growth. Organic ARR grew 12.3% in Q2 2026, with adjusted EBITDA rising ~158% to $14.3M, signaling emerging operating leverage. PAR trades at a forward EV/EBITDA of 21.28x—above sector average—making sustained profit and cash flow growth essential to justify its Buy rating.
PAR Technology NYSE: PAR reported second-quarter fiscal 2026 results that exceeded its prior outlook, led by subscription growth, elevated hardware sales and continued operating expense discipline. The company raised its full-year revenue and adjusted EBITDA guidance while reiterating expectations for faster annual recurring revenue growth in the second half.
| Software Industry | Information Technology Sector | Savneet Singh CEO | XFRA Exchange | 698884103 CUSIP |
| US Country | 1,805 Employees | - Last Dividend | 9 Jan 2006 Last Split | 16 Dec 1988 IPO Date |
PAR Technology Corporation, with its global reach, serves the restaurant and retail industries by offering a comprehensive suite of hardware and software solutions designed to facilitate omnichannel customer experiences. Through its innovative technology and services, PAR Technology empowers businesses to streamline operations, enhance customer engagement, and increase efficiencies. Founded in 1968 and headquartered in New Hartford, New York, the company operates through two primary segments: Restaurant/Retail and Government, providing a diverse range of solutions from customer loyalty programs to mission-critical defense technologies.
PUNCHH: An advanced customer loyalty and engagement platform designed for the modern enterprise, enabling businesses to foster deeper connections with their customers through personalized offers and rewards.
MENU: A versatile eCommerce platform tailored for restaurant brands, facilitating online ordering and delivery services to enhance convenience for both businesses and their customers.
BRINK POS: A cutting-edge, open cloud-based point-of-sale system that offers robust functionality and flexibility for restaurant operations, promoting enhanced service efficiency and customer satisfaction.
PAR PAYMENT SERVICES: A comprehensive merchant services solution that supports secure electronic payment processing, simplifying transactions for businesses and improving the overall purchasing experience for customers.
DATA CENTRAL: A back-office management tool that leverages business intelligence and automation technologies to optimize operations, providing actionable insights for better decision-making.
Point-of-Sale Hardware: Offers a wide range of high-quality hardware options, including wireless headsets for drive-thru communications, kitchen display systems, payment devices, cash drawers, printers, and various other peripherals to enhance operational efficiency.
Services: A suite of professional services including hardware repair, installation and implementation, training, as well as on-site and technical support to ensure businesses can fully leverage the technology for their specific needs.
In the Government sector, PAR Technology delivers sophisticated intelligence, surveillance, and reconnaissance solutions, alongside comprehensive support in systems engineering, satellite operations, and information technology services aimed at supporting the critical missions of the United States Department of Defense, the intelligence community, and other federal agencies. This segment emphasizes mission readiness and situational awareness through its array of support services, integration solutions, and maintenance capabilities.