Filing Flows › PAR Technology (PAR) › Q4 2025
PAR Technology (PAR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
PAR Technology (PAR) reported revenue of $120M for the fourth quarter 2025 (Q4 2025), +14% from a year earlier and +0.8% from the quarter before. Operating margin was -15.0%, net loss $20.9M (17.4% of revenue).
PAR Technology, Q4 2025: revenue $120M (+14% year over year), operating margin -15.0%, net loss $20.9M, operating cash flow −$11.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $120M | +0.8% | +14% |
| Operating profit | −$18.1M | — | — |
| Net earnings | −$20.9M | — | — |
| Operating cash flow | −$11.8M | -240% | — |
What changed
Revenue was $120.1M in Q4 2025, up 14% year over year and up 1% from the previous quarter. Subscription service was the largest line at 63% of revenue.
Gross margin was 41.2%, down 1.7 points from a year earlier. Operating costs exceeded revenue by $18.1M, an operating margin of -15.0%. Operating expenses grew 10% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+33%). The quarter ended with a net loss of $20.9M, wider than the previous quarter's $18.2M loss.
Operating cash flow was −$11.8M. Non-cash charges added back $12.2M of depreciation and amortization and $7.8M of share-based compensation. Working capital and other items used $10.9M. Capital expenditures of $782K exceeded it, leaving free cash flow of −$12.5M.
Questions
What was PAR Technology's revenue in the fourth quarter 2025?
PAR Technology (PAR) reported revenue of $120M for the fourth quarter 2025 (Q4 2025), +14% from a year earlier and +0.8% from the quarter before.
Was PAR Technology profitable in the fourth quarter 2025?
Operating loss was $18.1M (-15.0% of revenue) and net loss $20.9M.
Source: PAR Technology 10-K on SEC EDGAR.