PAR Technology Corp. (PAR)
NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-09-09
$17.66-3.97%
Close 2026-09-09 · 1-day change
NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-09-09
Intact: The reason to own it still holds.
PAR is growing revenue with a target of about $507.5 million in 2026. Gross profit improved to $54.5 million in 2026-Q1, showing better margins. The company is working to fix its cash flow problems. Recent news supports growth and AI initiatives.
PAR is still loss-making with negative cash flow from operations. Profit margins and cash flow targets are not yet met. Analyst downgrades and volatile management raise risks.
The stock price is about 36% above our valuation level and 21% below the Street median. Analysts expect about 12.5% revenue growth, which aligns with company guidance. Our view is more cautious on profitability and cash flow progress.
Breaks if: Cash flow remains negative below -$10 million over next 4 quarters
Breaks if: Gross profit falls below $48 million in 2026-Q1
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This is a speculative growth investment with a focus on revenue and profitability improvement. The current thesis state indicates a watchful approach due to recent financial performance being below industry peers.
The market currently prices PAR as relatively cheap compared to its peers. There is a negative expectations gap, suggesting that investors may anticipate further challenges ahead.
Management is on track to increase revenue growth and deploy PAR Intelligence to a large number of sites. However, profitability improvements are mixed, and the company remains loss-making, indicating ongoing challenges.
Key factors include the potential for the Federal Reserve to cut rates, which could benefit tech stocks like PAR. Additionally, the performance of sector leaders could influence PAR's momentum positively or negatively.
The most important moves since the prior daily snapshot.
Signal changed from 'mixed' to 'mild_favorable'.
Yes, our read has strengthened. The latest earnings beat supports this improved outlook. There are no new threats identified that could weaken the thesis.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Enhance gross profit margins through operational efficiencies and cost management.
Breaks if: Revenue falls below $500 million in FY26
Continue to grow total revenue and Annual Recurring Revenue (ARR) through platform expansion and customer additions.
Stated as a priority in 2 of last 2 quarters. Revenue grew from $103.9 million in 2026-Q1 to $133.4 million in 2026-Q2, a 19% year-over-year increase. ARR grew 17% year-over-year to $338.0 million by 2026-Q2. Management is delivering on accelerating revenue growth and expanding recurring revenue.
“Quarterly revenues increased 19% year-over-year to $133.4 million; ARR increased 17% year-over-year to $338.0 million.”
“Annual Recurring Revenue (ARR) grew to $330.1 million - total growth of 16% inclusive of organic growth of 11%.”
Over the next 1 to 3 years, PAR's performance will depend on its ability to execute on growth and profitability while navigating external economic factors. Not investment advice.