PAR NYSE Calculating & Accounting Machines (No Electronic Computers) Financials FY2016βFY2025
Par Technology Corp had $456M of revenue in fiscal 2025, up 30.2% on the year before. Over five years, revenue changed +16.3% a year on average.
Last close Β· Oct 23, 2026
$17.85
1.8%Hi! I read Par Technology Corpβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+30.2%
Yes. Sales grew 30.2% last year.
Does it make a profit?
β18.5%
No. It lost money last year.
Does profit turn into cash?
β6.7%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 9
Weak. It passes 3 of 9 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Par Technology Corp had $456M of revenue in fiscal 2025, up 30.2% on the year before. Over five years, revenue changed +16.3% a year on average. Its operating margin was β15.1%, up 7.5Β pts: of every 100 in sales, about β15 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Par Technology Corp lost $84.5M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$30.5M in fiscal 2025, β6.7% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $36.8M and sold $2.5M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$36.8M
4 insiders
Sold, 12 months
$2.5M
6 insiders
Of sales under plans
91%
$2.3M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 8, 2026 | Elizabeth M CodnerChief Human Resources Officer | Sold plan | 653 | $19.29 | $0.0M | Form 4 |
| Aug 14, 2026 | Oliver OstertagPresident, Growth & AI | Sold | 11,829 | $18.75 | $0.2M | Form 4 |
| Aug 12, 2026 | Narinder SinghDirector | Bought | 11,518 | $17.36 | $0.2M | Form 4 |
| Jun 12, 2026 | Voss Value-Oriented Special Situations Fund, LP10% owner | Bought | 156,249 | $14.85 | $2.3M | Form 4 |
| Jun 12, 2026 | Keith PascalDirector | Bought | 13,000 | $15.16 | $0.2M | Form 4 |
| Jun 11, 2026 | Voss Value-Oriented Special Situations Fund, LP10% owner | Bought | 193,751 | $14.15 | $2.7M | Form 4 |
| Jun 3, 2026 | Michael Anthony SteenbergeSVP Finance & Transformation | Sold plan | 498 | $14.20 | $0.0M | Form 4 |
| Jun 2, 2026 | Cathy A KingCLO & Corporate Secretary | Sold plan | 20,000 | $15.38 | $0.3M | Form 4 |
| May 15, 2026 | Voss Value-Oriented Special Situations Fund, LP10% owner | Bought | 112,500 | $14.62 | $1.6M | Form 4 |
| May 14, 2026 | Voss Value-Oriented Special Situations Fund, LP10% owner | Bought | 539,900 | $14.59 | $7.9M | Form 4 |
| Mar 4, 2026 | Savneet SinghCEO & President, Director | Sold plan | 14,310 | $18.27 | $0.3M | Form 4 |
| Mar 4, 2026 | Michael Anthony SteenbergeChief Accounting Officer | Sold plan | 582 | $18.27 | $0.0M | Form 4 |
| Mar 4, 2026 | Bryan A MenarChief Financial Officer | Sold plan | 1,636 | $18.27 | $0.0M | Form 4 |
| Mar 4, 2026 | Cathy A KingCLO & Corporate Secretary | Sold plan | 1,517 | $18.27 | $0.0M | Form 4 |
| Mar 3, 2026 | Michael Anthony SteenbergeChief Accounting Officer | Sold plan | 2,342 | $17.49 | $0.0M | Form 4 |
| Mar 3, 2026 | Bryan A MenarChief Financial Officer | Sold plan | 6,588 | $17.49 | $0.1M | Form 4 |
| Mar 3, 2026 | Cathy A KingCLO & Corporate Secretary | Sold plan | 6,109 | $17.49 | $0.1M | Form 4 |
| Mar 3, 2026 | Savneet SinghCEO & President, Director | Sold plan | 57,605 | $17.49 | $1.0M | Form 4 |
| Feb 4, 2026 | Voss Value-Oriented Special Situations Fund, LP10% owner | Bought | 65,100 | $22.44 | $1.5M | Form 4 |
| Feb 3, 2026 | Voss Value-Oriented Special Situations Fund, LP10% owner | Bought | 182,862 | $22.89 | $4.2M | Form 4 |
| Jan 30, 2026 | Voss Value-Oriented Special Situations Fund, LP10% owner | Bought | 2,138 | $26.21 | $0.1M | Form 4 |
| Jan 27, 2026 | Voss Value-Oriented Special Situations Fund, LP10% owner | Bought | 175,000 | $29.13 | $5.1M | Form 4 |
| Jan 23, 2026 | Voss Value-Oriented Special Situations Fund, LP10% owner | Bought | 10,000 | $31.71 | $0.3M | Form 4 |
| Jan 15, 2026 | Voss Value-Oriented Special Situations Fund, LP10% owner | Bought | 50,068 | $38.93 | $1.9M | Form 4 |
| Jan 14, 2026 | Voss Value-Oriented Special Situations Fund, LP10% owner | Bought | 41,034 | $39.10 | $1.6M | Form 4 |
| Jan 6, 2026 | Voss Value Master Fund, LP10% owner | Bought | 25,000 | $34.56 | $0.9M | Form 4 |
| Jan 5, 2026 | Voss Value Master Fund, LP10% owner | Bought | 8,898 | $35.82 | $0.3M | Form 4 |
| Jan 5, 2026 | Savneet SinghCEO & President, Director | Sold plan | 3,608 | $35.73 | $0.1M | Form 4 |
| Dec 31, 2025 | Voss Value Master Fund, LP10% owner | Bought | 15,348 | $36.60 | $0.6M | Form 4 |
| Dec 30, 2025 | Voss Value Master Fund, LP10% owner | Bought | 146,789 | $36.51 | $5.4M | Form 4 |
| Dec 10, 2025 | Bryan A MenarChief Financial Officer | Sold plan | 6,500 | $35.53 | $0.2M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Par Technology Corp owes $314M more than it holds in cash.
Cash, debt and the ratios that show how comfortably Par Technology Corp can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $188M | $111M | $74.4M | $109M | $80.1M |
| Debt incl. finance leases | $307M | $389M | $378M | $368M | $394M |
| Debt / equity | 0.6x | 1.0x | 1.1x | 0.4x | 0.5x |
| Interest coverage | β | β6.9x | β7.3x | β5.7x | β7.9x |
| Current ratio | 4.7x | 3.3x | 2.3x | 1.9x | 1.7x |
| Quick ratio | 4.1x | 2.7x | 2.0x | 1.8x | 1.5x |
| Total assets | $888M | $855M | $803M | $1.4B | $1.4B |
| Total liabilities | $384M | $480M | $470M | $509M | $544M |
| Shareholders' equity | $504M | $375M | $333M | $872M | $825M |
| Net debt (β = net cash) | $118M | $279M | $303M | $260M | $314M |
KIRA Β· Its return on capital was β4.8%: every 100 invested in the business earned about β5 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Par Technology Corp passes 3 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 5 / 9 | 3 / 9 | 3 / 9 | 3 / 9 | 3 / 9 | 3 / 9 | 3 / 9 | 3 / 9 | 3 / 9 |
| Accruals ratio | β7.4% | β3.1% | β19.4% | 0.4% | β6.1% | β3.7% | β3.0% | β6.4% | 1.9% | β4.2% |
| Altman Z'' | 4.15 | 3.95 | 1.47 | 1.76 | 4.35 | 2.17 | 0.69 | β0.15 | 1.26 | 0.83 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $230M | $233M | $201M | $187M | $214M | $283M | $262M | $277M | $350M | $456M |
| Net interest income | $0.1M | β$0.1M | β$0.4M | β$4.6M | β$8.3M | β$18.1M | β$8.8M | β$6.9M | β | β |
| Gross profit | $46.2M | $51.0M | $37.5M | $37.4M | $39.3M | $62.1M | $81.7M | $89.4M | $146M | $198M |
| Research and development | $11.6M | $12.0M | $12.4M | $13.4M | $19.3M | $34.6M | $48.6M | $58.4M | $67.3M | $81.8M |
| Operating income | $2.2M | β$0.1M | β$10.3M | β$14.2M | β$23.9M | β$53.9M | β$69.1M | β$71.7M | β$79.1M | β$68.8M |
| Interest expense | β | β | β | β | β | β | $10.0M | $9.8M | $13.9M | $8.7M |
| Pretax income | $3.7M | $0.4M | β$10.0M | β$19.2M | β$39.5M | β$85.2M | β$78.9M | β$79.8M | β$94.7M | β$81.7M |
| Income tax | $1.1M | $4.0M | $14.1M | β$3.6M | β$3.0M | β$9.4M | $1.1M | $1.8M | β$4.8M | $2.9M |
| Net income | $1.8M | β$3.4M | β$24.1M | β$15.6M | β$36.6M | β$75.8M | β$69.3M | β$69.8M | β$5.0M | β$84.5M |
| Diluted EPS | $0.11 | β$0.22 | β$1.50 | β$0.96 | β$1.92 | β$3.02 | β$2.55 | β$2.53 | β$0.14 | β$2.09 |
| Diluted shares | 0.02B | 0.02B | 0.02B | 0.02B | 0.02B | 0.03B | 0.03B | 0.03B | 0.03B | 0.04B |
| Cash flow | ||||||||||
| Cash from operations | $11.0M | $0.3M | β$3.8M | β$16.1M | β$20.2M | β$53.2M | β$43.1M | β$17.1M | β$25.2M | β$27.2M |
| Capital expenditure | $3.4M | $5.1M | $3.9M | $2.5M | $1.3M | $1.4M | $1.2M | $5.0M | $1.0M | $3.3M |
| Free cash flow | $7.6M | β$4.8M | β$7.8M | β$18.6M | β$21.5M | β$54.6M | β$44.2M | β$22.1M | β$26.2M | β$30.5M |
| Depreciation and amortization | $4.6M | $4.0M | $4.7M | $4.7M | $10.1M | $21.4M | $25.6M | $27.0M | $37.9M | $49.0M |
| Stock-based compensation | $0.5M | $0.7M | $1.0M | $2.7M | $4.3M | $14.6M | $13.3M | $14.3M | $24.5M | $30.6M |
| Acquisitions | β | β | $0.0M | $19.8M | $0.0M | $375M | $18.8M | $1.9M | $309M | $4.3M |
| Share buybacks | β | β | $0.0M | $0.5M | $0.3M | $5.3M | $3.1M | β | β | β |
| Dividends and buybacks | β | β | $0.0M | $0.5M | $0.3M | $5.3M | $3.1M | β | β | β |
| Balance sheet | ||||||||||
| Cash and short-term investments | $9.1M | $6.6M | $3.5M | $28.0M | $181M | $188M | $111M | $74.4M | $109M | $80.1M |
| Total debt | $0.6M | $0.4M | $0.0M | $63.0M | $107M | $307M | $389M | $378M | $368M | $394M |
| Current assets | $82.0M | $62.6M | $55.7M | $93.6M | $249M | $283M | $224M | $181M | $218M | $233M |
| Current liabilities | $46.8M | $35.9M | $40.9M | $42.1M | $40.0M | $60.5M | $67.8M | $80.2M | $112M | $141M |
| Inventory | $26.2M | $21.7M | $22.7M | $19.3M | $21.6M | $35.1M | $37.6M | $23.6M | $21.9M | $27.4M |
| Property and equipment, net | $7.0M | $10.8M | $12.6M | $14.4M | $13.9M | $13.7M | $13.0M | $15.5M | $14.1M | $13.3M |
| Goodwill | $11.1M | $11.1M | $11.1M | $41.4M | $41.2M | $457M | $486M | $489M | $887M | $898M |
| Intangible assets | $11.0M | $12.1M | $10.9M | $32.9M | $33.1M | $119M | $111M | $94.0M | $237M | $203M |
| Total assets | $125M | $115M | $94.7M | $190M | $344M | $888M | $855M | $803M | $1.4B | $1.4B |
| Total liabilities | $54.9M | $45.6M | $48.7M | $117M | $155M | $384M | $480M | $470M | $509M | $544M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $69.6M | $69.0M | $45.9M | $72.8M | $188M | $504M | $375M | $333M | $872M | $825M |
| Margins | ||||||||||
| Gross margin | 20.1% | 21.9% | 18.6% | 20.0% | 18.4% | 22.0% | 31.1% | 32.3% | 41.8% | 43.5% |
| Operating margin | 1.0% | β0.1% | β5.1% | β7.6% | β11.2% | β19.0% | β26.3% | β25.9% | β22.6% | β15.1% |
| EBITDA margin | 3.0% | 1.7% | β2.8% | β5.1% | β6.5% | β11.5% | β16.5% | β16.2% | β11.8% | β4.3% |
| Net margin | 0.8% | β1.5% | β12.0% | β8.3% | β17.1% | β26.8% | β26.4% | β25.2% | β1.4% | β18.5% |
| FCF margin | 3.3% | β2.0% | β3.9% | β9.9% | β10.1% | β19.3% | β16.9% | β8.0% | β7.5% | β6.7% |
| Net interest share of revenue | 0.1% | β0.1% | β0.2% | β2.4% | β3.9% | β6.4% | β3.4% | β2.5% | β | β |
| Returns | ||||||||||
| Return on capital | 2.5% | β0.1% | β19.1% | β10.4% | β16.6% | β6.8% | β8.3% | β8.9% | β5.5% | β4.8% |
| Return on capital employed | 2.8% | β0.2% | β19.1% | β9.6% | β7.9% | β6.5% | β8.8% | β9.9% | β6.2% | β5.6% |
| Return on equity | 2.6% | β4.9% | β42.0% | β26.2% | β28.0% | β21.9% | β15.8% | β19.7% | β0.8% | β10.0% |
| Return on assets | 1.4% | β2.8% | β23.0% | β11.0% | β13.7% | β12.3% | β8.0% | β8.4% | β0.5% | β6.1% |
| Return on tangible equity | 3.7% | β7.4% | β100.4% | β | β32.1% | β | β | β | β | β |
| Growth | ||||||||||
| Revenue growth | β | 1.3% | β13.5% | β7.0% | 14.2% | 32.3% | β7.3% | 5.5% | 26.5% | 30.2% |
| Net income growth | β | β289.9% | β | β | β | β | β | β | β | β |
| EPS growth | β | β300.0% | β | β | β | β | β | β | β | β |
| FCF growth | β | β162.9% | β | β | β | β | β | β | β | β |
| Share count change | β | 1.3% | 0.6% | 1.1% | 17.2% | 31.9% | 8.2% | 1.5% | 24.0% | 18.5% |
| Financial health | ||||||||||
| Net debt / EBITDA | β1.2x | β1.6x | β | β | β | β | β | β | β | β |
| Debt / equity | 0.0x | 0.0x | 0.0x | 0.9x | 0.6x | 0.6x | 1.0x | 1.1x | 0.4x | 0.5x |
| Interest coverage | β | β | β | β | β | β | β6.9x | β7.3x | β5.7x | β7.9x |
| Current ratio | 1.8x | 1.7x | 1.4x | 2.2x | 6.2x | 4.7x | 3.3x | 2.3x | 1.9x | 1.7x |
| Quick ratio | 1.2x | 1.1x | 0.8x | 1.8x | 5.7x | 4.1x | 2.7x | 2.0x | 1.8x | 1.5x |
| Capital allocation | ||||||||||
| Capex / revenue | 1.5% | 2.2% | 2.0% | 1.3% | 0.6% | 0.5% | 0.4% | 1.8% | 0.3% | 0.7% |
| Stock comp / revenue | 0.2% | 0.3% | 0.5% | 1.4% | 2.0% | 5.2% | 5.1% | 5.2% | 7.0% | 6.7% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 5.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 |
| Altman Z'' | 4.2 | 3.9 | 1.5 | 1.8 | 4.4 | 2.2 | 0.7 | β0.2 | 1.3 | 0.8 |
| Accruals ratio | β7.4% | β3.1% | β19.4% | 0.4% | β6.1% | β3.7% | β3.0% | β6.4% | 1.9% | β4.2% |
Source: SEC EDGAR XBRL filings (CIK 0000708821). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
