Filing Flows › PAR Technology (PAR) › Q2 2025
PAR Technology (PAR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
PAR Technology (PAR) reported revenue of $112M for the second quarter 2025 (Q2 2025), +44% from a year earlier and +8% from the quarter before. Operating margin was -15.4%, net loss $21.0M (18.7% of revenue).
PAR Technology, Q2 2025: revenue $112M (+44% year over year), operating margin -15.4%, net loss $21.0M, operating cash flow −$6.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $112M | +8% | +44% |
| Operating profit | −$17.3M | — | — |
| Net earnings | −$21.0M | — | — |
| Operating cash flow | −$6.6M | — | — |
What changed
Revenue was $112.4M in Q2 2025, up 44% year over year and up 8% from the previous quarter. Subscription service was the largest line at 64% of revenue. Subscription service added $27.0M year over year (up 60%), 79% of the total change.
Gross margin was 45.4%, up 4.4 points from a year earlier. Operating costs exceeded revenue by $17.3M, an operating margin of -15.4%. Operating expenses grew 29% against revenue growth of 44%. The fastest-growing cost line was Other operating costs (+152%). The quarter ended with a net loss of $21.0M, narrower than the previous quarter's $24.4M loss.
Operating cash flow was −$6.6M. Non-cash charges added back $12.4M of depreciation and amortization and $7.9M of share-based compensation. Working capital and other items used $5.9M. Capital expenditures of $782K exceeded it, leaving free cash flow of −$7.4M.
Questions
What was PAR Technology's revenue in the second quarter 2025?
PAR Technology (PAR) reported revenue of $112M for the second quarter 2025 (Q2 2025), +44% from a year earlier and +8% from the quarter before.
Was PAR Technology profitable in the second quarter 2025?
Operating loss was $17.3M (-15.4% of revenue) and net loss $21.0M.
Source: PAR Technology 10-Q on SEC EDGAR.