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PAR Technology cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$20.6M in Q3 2026 · −$2.1M over twelve months

Operating cash flow$20.8M
Capital spending−$198K
Free cash flow+$20.6M
Cash conversion cycle51 days

Analysis

In Q3 2026, PAR Technology generated $20.8M of operating cash flow and spent $198K on capital projects, leaving free cash flow of $20.6M. That is $13.6M more than in Q3 2025 ($7.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$369K; the largest uses were other financing ($31.9M), other investing ($9.7M), capital spending ($1.8M); besides operations, cash came from net borrowing (+) / repaid (−) ($48.0M), shares issued ($247K); the cash balance rose by $2.0M.

Operating cash flow was $20.8M against net income of −$9.0M. The largest differences: depreciation & amortization +$13.4M, deferred revenue +$11.1M, stock-based pay +$7.6M.

Its cash conversion cycle was 51 days (receivables 51 + inventory 45 − payables 45).

Free cash flow

PAR Technology: free cash flow by quarterPAR Technology: free cash flow by quarter$3.2MQ4 2024−$17.6MQ1 2025−$7.4MQ2 2025$7.0MQ3 2025−$12.5MQ4 2025−$17.0MQ1 2026$6.8MQ2 2026$20.6MQ3 2026
Operating cash flow less capital spending.
PAR Technology: operating cash flow against capital spendingPAR Technology: operating cash flow against capital spendingOperating cash flowCapital spending$3.4M$179KQ4 2024−$17.2M$413KQ1 2025−$6.6M$782KQ2 2025$8.4M$1.3MQ3 2025−$11.8M$782KQ4 2025−$16.6M$321KQ1 2026$7.2M$456KQ2 2026$20.8M$198KQ3 2026
Latest (Q3 2026): Operating cash flow $20.8M, Capital spending $198K.

Capital allocation, year by year

PAR Technology: where the cash came from (up) and went (down), by fiscal yearPAR Technology: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow −$53.2MFY2021: Net borrowing −$4.2MFY2021: Shares issued $216MFY2021: Capital spending −$8.3MFY2021: Acquisitions −$375MFY2021: Buybacks −$5.3M$216MFY2021FY2022: Operating cash flow −$43.1MFY2022: Net borrowing −$705KFY2022: Shares issued $1.3MFY2022: Capital spending −$7.7MFY2022: Acquisitions −$18.8MFY2022: Buybacks −$3.1M$1.3MFY2022FY2023: Operating cash flow −$17.1MFY2023: Shares issued $1.1MFY2023: Capital spending −$11.0MFY2023: Acquisitions −$1.9M$1.1MFY2023FY2024: Operating cash flow −$25.2MFY2024: Net borrowing $87.3MFY2024: Shares issued $197MFY2024: Capital spending −$970KFY2024: Acquisitions −$309M$284MFY2024FY2025: Operating cash flow −$27.2MFY2025: Net borrowing $17.5MFY2025: Shares issued $466KFY2025: Capital spending −$3.3MFY2025: Acquisitions −$4.3M$18.0MFY2025
Over these 5 years operating cash flow totalled −$166M; the largest uses were acquisitions ($709M) and operating cash flow ($166M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$95.1M
Debt$423M
Net debt$328M
Due within a year$20.0M
Cash runwaymore than 10 years

PAR Technology is burning cash: its operations consume cash, a free cash flow of −$2.1M a year at the current rate against $95.1M of cash and investments: a runway of more than ten years at that rate; $20.0M of debt also comes due within a year, which the cash covers before any new financing.

PAR Technology: debt maturities by year (FY2025)PAR Technology: debt maturities by year (FY2025)$20.0MYear 1$265MYear 2$115MYear 5
Principal due in each year as disclosed in the annual report, against $95.1M of cash and investments now.

Where the cash came from and went

PAR Technology: sources (+) and uses (−) of cash, Q3 2026PAR Technology: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$20.8MCash drawn (+) / kept (−)−$17.4MOther investing−$2.9MExchange rates−$299KCapital spending−$198K
PAR Technology: sources (+) and uses (−) of cash, TTM to Q3 2026PAR Technology: sources (+) and uses (−) of cash, TTM to Q3 2026Net borrowing (+) / repaid (−)$48.0MOther financing−$31.9MOther investing−$9.7MExchange rates−$2.2MCash drawn (+) / kept (−)−$2.0MCapital spending−$1.8MOperating cash flow−$369KAcquisitions−$275KShares issued$247K

From profit to cash

PAR Technology: net income to operating cash flow, Q3 2026PAR Technology: net income to operating cash flow, Q3 2026Net income−$9.0MDepreciation & amortization$13.4MStock-based pay$7.6MDeferred taxes−$476KReceivables−$700KInventory−$5.9MPayables$2.0MAccrued liabilities−$357KEmployee-related liabilities$6.8MDeferred revenue$11.1MPrepaid and other assets−$662KOther liabilities−$39KOperating cash flow$20.8M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202651454551
Q2 202656384351
Q1 202662384950
Q4 202558344646
Q3 202555354644
Q2 202558385243
Q1 202556375438
Q4 202453355434

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$20.8M−$198K————−$17.4M$20.6M
Q2 2026$7.2M−$456K——−$2.9M$117K−$722K$6.8M
Q1 2026−$16.6M−$321K−$275K−$33.1M$50.9M$54K$2.9M−$17.0M
Q4 2025−$11.8M−$782K———$76K$13.2M−$12.5M
Q3 2025$8.4M−$1.3M———$70K−$4.1M$7.0M
Q2 2025−$6.6M−$782K———$105K$6.9M−$7.4M
Q1 2025−$17.2M−$413K−$4.3M—$17.5M$215K$11.8M−$17.6M
Q4 2024$3.4M−$179K−$15.8M——$196K−$475K$3.2M

PAR Technology: income statement and cash flow

PAR Technology, Q3 2026: revenue $137M (+15% year over year), operating margin -4.0%. The chart follows the revenue to costs, profit and cash.

PAR Technology: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.