Filing Flows › PAR Technology (PAR) › Q3 2025
PAR Technology (PAR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
PAR Technology (PAR) reported revenue of $119M for the third quarter 2025 (Q3 2025), +23% from a year earlier and +6% from the quarter before. Operating margin was -14.8%, net loss $18.2M (15.3% of revenue).
PAR Technology, Q3 2025: revenue $119M (+23% year over year), operating margin -14.8%, net loss $18.2M, operating cash flow $8.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $119M | +6% | +23% |
| Operating profit | −$17.7M | — | — |
| Net earnings | −$18.2M | — | — |
| Operating cash flow | $8.4M | — | -5% |
| Free cash flow | $7.0M | — | -16% |
What changed
Revenue was $119.2M in Q3 2025, up 23% year over year and up 6% from the previous quarter. Subscription service was the largest line at 63% of revenue. Subscription service added $14.9M year over year (up 25%), 66% of the total change.
Gross margin was 41.3%, down 3.2 points from a year earlier. Operating costs exceeded revenue by $17.7M, an operating margin of -14.8%. Operating expenses grew 15% against revenue growth of 23%. The fastest-growing cost line was Other operating costs (+33%). The quarter ended with a net loss of $18.2M, narrower than the previous quarter's $21.0M loss.
Operating cash flow was $8.4M (down 5% year over year). Non-cash charges added back $12.5M of depreciation and amortization and $7.8M of share-based compensation. Working capital and other items added $6.3M. Capital expenditures of $1.3M left free cash flow of $7.0M.
Questions
What was PAR Technology's revenue in the third quarter 2025?
PAR Technology (PAR) reported revenue of $119M for the third quarter 2025 (Q3 2025), +23% from a year earlier and +6% from the quarter before.
Was PAR Technology profitable in the third quarter 2025?
Operating loss was $17.7M (-14.8% of revenue) and net loss $18.2M.
Source: PAR Technology 10-Q on SEC EDGAR.