PAR Technology Corporation Announces First Quarter 2025 Results
NEW HARTFORD, N.Y.–(BUSINESS WIRE)–PAR Technology Corporation (NYSE: PAR) today announced its financial results for the first quarter ended March 31, 2025. The company reported Annual Recurring Revenue (ARR) growth of 52%, with organic growth of 18% reaching $282.1 million compared to $185.7 million in Q1 ’24.
Q1 2025 Financial Highlights
- Quarterly subscription service revenues increased 78% year-over-year, with 20% organic growth
- ARR for Engagement Cloud reached $164.9 million, with 120.6 thousand Active Sites
- ARR for Operator Cloud reached $117.2 million, with 59.0 thousand Active Sites
- Subscription Service Gross Margin Percentage improved to 57.8% from 51.6% year-over-year
“PAR delivered another strong quarter, driven by our Better Together software thesis coming to fruition, and the resilient enterprise food-service industry,” commented Savneet Singh, PAR Technology’s CEO. “Our Operator and Engagement solutions each contributed to these solid results, evidenced by new customer wins and go-lives.”
The company reported GAAP revenue of $103.9 million for Q1 2025, a 48.2% increase from $70.1 million in Q1 2024. Non-GAAP Adjusted EBITDA was $4.2 million, improving from -$10.2 million in the same period last year.
Conference Call Information
The company’s financial results conference call will be webcast live on May 9, 2025, at 9:00 a.m. (Eastern). To access the webcast, visitors can go to the Investor Relations section of PAR Technology’s website.
About PAR Technology Corporation
For over four decades, PAR Technology Corporation has been at the forefront of technology innovation in foodservice. The company provides a comprehensive suite of software and hardware solutions serving hospitality and retail clients across more than 110 countries.
