PAR
PAR Technology Corporation35.66
-0.07-0.2%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms growth, prioritizes buybacks
Q&A reinforced prepared remarks' confidence in mid-teens ARR growth for 2026, with H2 acceleration from booked deals and AI upside, but added ARR split: 70% new logos, 30% expansions. Savneet dismissed mixed traffic as non-linear to demand yet, noting Q4 stabilization amid value wars favoring platforms. Hardware pressures persist but show no RFP impact; margins eyed at 20-21%. Buybacks top capital allocation now, over M&A, given cheap shares. Punchy: Stock price demands buybacks. Watch H2 execution, Tier 1 conversions.
Key Stats
Market Cap
1.45BP/E (TTM)
-Basic EPS (TTM)
-2.31Dividend Yield
0%Recent Filings
8-K
PAR closes $265M notes offering
PAR Technology closed a $265M private offering of 4.00% Convertible Senior Notes due 2031 on March 17, 2026, yielding $256.8M net proceeds. It deployed $207.5M to retire $212M of 1.50% 2027 Notes and $33.1M to buy back 2.1M shares at $15.85. Remaining funds target general corporate purposes, possibly acquisitions. Notes convertible at $19.02/share, 20% premium. Management holds wide discretion on proceeds.
10-K
FY2025 results
PAR Technology crushed FY2025 with revenues jumping 30.2% y/y to $455.5M, fueled by subscription services soaring 40.4% to $291.2M on 15.7% ARR growth to $315M and active sites hitting 182K. Yet hardware margins slipped 140bps to 22.9% amid tariffs, while overall gross margin expanded 170bps to 43.5%. Operating loss narrowed 13.1% to $68.8M as adjusted EBITDA flipped positive at $23M. Q4 accelerated subscription momentum via acquisitions like Delaget and TASK, but supply chain snarls loom. Cash dipped to $79.6M post-debt swaps; no dividends or buybacks. McDonald's drove 21% of sales. Cyber risks could derail quarterly beats.
8-K
ARR hits $315M, buybacks greenlit
8-K
PAR buys Bridg assets
PAR Technology agreed to acquire Bridg's point-of-sale data analytics, loyalty marketing, and retail media assets from Cardlytics for $27.5 million in common stock, capped at $30.0 million, via unregistered shares up to ~950,000 (2.3% dilution). Deal closes Q1 2026, subject to conditions. Unifies loyalty and non-loyalty data. Closing risks loom large.
8-K
PAR swaps $17.1M notes for stock
PAR Technology entered Exchange Agreements on January 14, 2026, to swap $17.1 million of its 2.875% Convertible Senior Notes due 2026 for 398,650 common shares plus $134,000 cash interest. Closing set for January 23 leaves $2.9 million Notes outstanding. No cash proceeds to PAR. Debt shrinks nicely.
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