PAR Technology Corporation (NYSE: PAR) has reported impressive financial results for the first quarter of 2025, ending March 31, 2025. The company’s Annual Recurring Revenue (ARR) grew to $282.1 million, representing a 52% total growth, including 18% organic growth from $185.7 million in Q1 ’24.
Q1 2025 Financial Highlights
The company saw significant growth in its subscription service revenues, which increased by 78% year-over-year, with 20% organic growth. Savneet Singh, PAR Technology’s CEO, commented on the strong performance, attributing it to the company’s “Better Together” software strategy and the resilience of the enterprise food-service industry.
Key Financial Metrics:
- ARR: $282.1 million, up 52% (18% organic growth)
- Subscription service revenues: $68.4 million, up 78% (20% organic growth)
- Net loss from continuing operations: $(24.5) million
- Adjusted EBITDA: $4.5 million, improved from $(10.2) million in Q1 ’24
Segment Performance
Engagement Cloud
- ARR: $164.9 million
- Active Sites: 120.6 thousand as of March 31, 2025
Operator Cloud
- ARR: $117.2 million
- Active Sites: 59.0 thousand as of March 31, 2025
Business Outlook
The company remains optimistic about its growth trajectory, driven by its comprehensive suite of software and hardware solutions for the hospitality and retail sectors. PAR Technology continues to innovate and expand its offerings, with a focus on unified solutions that enhance customer engagement, efficiency, and growth.
For more information on PAR Technology Corporation, visit www.partech.com. The company’s 2025 Sustainability Report is available at https://partech.com/sustainability-at-par/.
