Filing Flows › PAR Technology (PAR) › Q1 2025
PAR Technology (PAR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
PAR Technology (PAR) reported revenue of $104M for the first quarter 2025 (Q1 2025), +48% from a year earlier and -1% from the quarter before. Operating margin was -15.2%, net loss $24.4M (23.4% of revenue).
PAR Technology, Q1 2025: revenue $104M (+48% year over year), operating margin -15.2%, net loss $24.4M, operating cash flow −$17.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $104M | -1% | +48% |
| Operating profit | −$15.8M | — | — |
| Net earnings | −$24.4M | — | — |
| Operating cash flow | −$17.2M | — | — |
What changed
Revenue was $103.9M in Q1 2025, up 48% year over year and down 1% from the previous quarter. Subscription service was the largest line at 66% of revenue. Subscription service added $30.0M year over year (up 78%), 89% of the total change.
Gross margin was 46.5%, up 9.4 points from a year earlier. Operating costs exceeded revenue by $15.8M, an operating margin of -15.2%. Operating expenses grew 21% against revenue growth of 48%. The fastest-growing cost line was Other operating costs (+250%). The quarter ended with a net loss of $24.4M, wider than the previous quarter's $21.1M loss.
Operating cash flow was −$17.2M. Non-cash charges added back $11.9M of depreciation and amortization and $7.2M of share-based compensation. Working capital and other items used $11.9M. Capital expenditures of $413K exceeded it, leaving free cash flow of −$17.6M.
Questions
What was PAR Technology's revenue in the first quarter 2025?
PAR Technology (PAR) reported revenue of $104M for the first quarter 2025 (Q1 2025), +48% from a year earlier and -1% from the quarter before.
Was PAR Technology profitable in the first quarter 2025?
Operating loss was $15.8M (-15.2% of revenue) and net loss $24.4M.
Source: PAR Technology 10-Q on SEC EDGAR.