PAR Technology Corp. (PAR)

NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-10-23

$17.85-1.76%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge PAR Technology Corp.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

0.0%

+10% or more+5%0%−5%−10% or less

1.43 → 1.43 EPS · FY ending Dec 31, 2027 · 5 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 24, 2026 to Oct 24, 2026: (new ÷ prior − 1). Contributor count changed from 5 to 5; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Measure / period	Management expectations	Analyst expectations
FY 2026 · Q3
Revenue	$128M–$132M	—
EBITDA	$13.5M–$14.5Mnon-GAAP	—
FY 2026 · Q4
Revenue	—	133.06M
EPS	—	0.243
FY 2026 · Annual
Revenue	$516M–$523M	520.2M
EPS	—	0.767
FY 2027 · Annual
Revenue	—	571.78M
EPS	—	1.428

What the Thesis Depends On

Three published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Cash flow from operations improves toward positive territory	The company is working to fix its cash flow problems.	Improving	Cash flow remains negative below -$10 million over next 4 quarters	Cash from operations: $7.222M FY2026-Q2; GAAP. Published target: Move from -$16.6 million toward positive cash flow. Target period is not explicitly aligned with this observation. Source published Aug 6, 20267,222,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q2. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Gross profit improves to at least $54.5 million in 2026-Q1	Gross profit improved to $54.5 million in 2026-Q1, showing better margins.	Improving	Gross profit falls below $48 million in 2026-Q1	Gross profit: $56.583M FY2026-Q2; GAAP. Published target: >= $54.5 million. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Aug 6, 202656,583,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: c1ed6aa3-c6df-4180-ab63-06fd557a904b. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Revenue reaches about $507.5 million in 2026	PAR is growing revenue with a target of about $507.5 million in 2026.	Intact	Revenue falls below $500 million in FY26	Revenue: $133.41M FY2026-Q2; GAAP. Published target: ~$507.5 million. Target period is not explicitly aligned with this observation. Source published Aug 6, 2026133,410,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: c1ed6aa3-c6df-4180-ab63-06fd557a904b. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context 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. Delivery assessment Oct 24, 2026

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$1.43

$1.29 → $1.43 · observed estimates

FY2027 revenue$0.57B

$0.57B → $0.57B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$1.29	$566,796,988	5 / 6
2026-07-25	$1.29	$566,830,620	5 / 8
2026-07-26	$1.29	$566,830,620	5 / 8
2026-07-27	$1.29	$566,830,620	5 / 8
2026-07-28	$1.29	$566,830,620	5 / 8
2026-07-29	$1.29	$566,796,988	5 / 6
2026-07-30	$1.29	$566,830,620	5 / 8
2026-07-31	$1.29	$566,796,988	5 / 6
2026-08-01	$1.29	$566,796,988	5 / 6
2026-08-02	$1.29	$566,830,620	5 / 8
2026-08-03	$1.29	$566,796,988	5 / 6
2026-08-04	$1.29	$566,796,988	5 / 6
2026-08-05	$1.29	$566,830,620	5 / 8
2026-08-06	$1.29	$566,830,620	5 / 8
2026-08-07	$1.29	$566,796,988	5 / 6
2026-08-08	Unavailable	$569,373,380	4 / 8
2026-08-09	Unavailable	$569,373,380	4 / 8
2026-08-10	Unavailable	$569,373,380	4 / 8
2026-08-12	$1.43	$571,830,880	5 / 8
2026-08-13	$1.43	$571,830,880	5 / 8
2026-08-14	$1.29	$566,796,988	5 / 6
2026-08-15	$1.29	$566,796,988	5 / 6
2026-08-16	$1.29	$566,796,988	5 / 6
2026-08-17	$1.29	$566,796,988	5 / 6
2026-08-18	$1.29	$566,796,988	5 / 6
2026-08-19	$1.29	$566,796,988	5 / 6
2026-08-20	$1.43	$571,776,625	5 / 6
2026-08-21	$1.43	$571,776,625	5 / 6
2026-08-22	$1.43	$571,776,625	5 / 6
2026-08-23	$1.43	$571,776,625	5 / 6
2026-08-24	$1.43	$571,776,625	5 / 6
2026-08-25	$1.43	$571,776,625	5 / 6
2026-08-26	$1.43	$571,776,625	5 / 6
2026-08-27	$1.43	$571,776,625	5 / 6
2026-08-28	$1.43	$571,776,625	5 / 6
2026-08-29	$1.43	$571,776,625	5 / 6
2026-08-30	$1.43	$571,776,625	5 / 6
2026-08-31	$1.43	$571,776,625	5 / 6
2026-09-01	$1.43	$571,776,625	5 / 6
2026-09-02	$1.43	$571,776,625	5 / 6
2026-09-03	$1.43	$571,776,625	5 / 6
2026-09-04	$1.43	$571,776,625	5 / 6
2026-09-05	$1.43	$571,776,625	5 / 6
2026-09-06	$1.43	$571,776,625	5 / 6
2026-09-07	$1.43	$571,776,625	5 / 6
2026-09-08	$1.43	$571,776,625	5 / 6
2026-09-09	$1.43	$571,776,625	5 / 6
2026-09-10	$1.43	$571,776,625	5 / 6
2026-09-11	$1.43	$571,776,625	5 / 6
2026-09-12	$1.43	$571,776,625	5 / 6
2026-09-13	$1.43	$571,776,625	5 / 6
2026-09-14	$1.43	$571,776,625	5 / 6
2026-09-15	$1.43	$571,776,625	5 / 6
2026-09-16	$1.43	$571,776,625	5 / 6
2026-09-17	$1.43	$571,776,625	5 / 6
2026-09-18	$1.43	$571,776,625	5 / 6
2026-09-19	$1.43	$571,776,625	5 / 6
2026-09-20	$1.43	$571,776,625	5 / 6
2026-09-21	$1.43	$571,776,625	5 / 6
2026-09-22	$1.43	$571,776,625	5 / 6
2026-09-23	$1.43	$571,776,625	5 / 6
2026-09-24	$1.43	$571,776,625	5 / 6
2026-09-25	$1.43	$571,776,625	5 / 6
2026-09-26	$1.43	$571,776,625	5 / 6
2026-09-27	$1.43	$571,776,625	5 / 6
2026-09-28	$1.43	$571,776,625	5 / 6
2026-09-29	$1.43	$571,776,625	5 / 6
2026-09-30	$1.43	$571,776,625	5 / 6
2026-10-01	$1.43	$571,776,625	5 / 6
2026-10-02	$1.43	$571,776,625	5 / 6
2026-10-03	$1.43	$571,776,625	5 / 6
2026-10-04	$1.43	$571,776,625	5 / 6
2026-10-05	$1.43	$571,776,625	5 / 6
2026-10-06	$1.43	$571,776,625	5 / 6
2026-10-07	$1.43	$571,776,625	5 / 6
2026-10-08	$1.43	$571,776,625	5 / 6
2026-10-09	$1.43	$571,776,625	5 / 6
2026-10-10	$1.43	$571,776,625	5 / 6
2026-10-11	$1.43	$571,776,625	5 / 6
2026-10-12	$1.43	$571,776,625	5 / 6
2026-10-13	$1.43	$571,776,625	5 / 6
2026-10-14	$1.43	$571,776,625	5 / 6
2026-10-15	$1.43	$571,776,625	5 / 6
2026-10-16	$1.43	$571,776,625	5 / 6
2026-10-17	$1.43	$571,776,625	5 / 6
2026-10-18	$1.43	$571,776,625	5 / 6
2026-10-19	$1.43	$571,776,625	5 / 6
2026-10-20	$1.43	$571,776,625	5 / 6
2026-10-21	$1.43	$571,776,625	5 / 6
2026-10-22	$1.43	$571,776,625	5 / 6
2026-10-23	$1.43	$571,776,625	5 / 6
2026-10-24	$1.43	$571,776,625	5 / 6

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	9	1	1
2026-06-01	8	2	1
2026-07-01	7	2	0
2026-08-01	7	2	0
2026-09-01	7	2	0
2026-10-01	7	2	0

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 7 Buy / Strong Buy · 2 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades1 maintains

Recent actions · Sep 25–Oct 24 · 1 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Cash flow from operations improves toward positive territoryCash from operations: $7.222M
Gross profit improves to at least $54.5 million in 2026-Q1Gross profit: $56.583M
Revenue reaches about $507.5 million in 2026Revenue: $133.41M

Next proof point

Nov 5, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

2.1%Typical daily move · historical

Downside history

-70.2%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

PAR Technology Corp. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

PAR is a high-risk growth and profitability-improvement story, not yet a proven durable compounder. Its long-term thesis is in a watch state: revenue and adjusted EBITDA have improved, but overall performance remains weak and the signal has shifted to mixed.

What's priced into PAR Technology Corp.

The valuation model suggests PAR is cheap versus peers, while also showing a peer premium and a negative expectations gap. Model confidence is low, so the valuation read is uncertain; the priced-in assessment is tagged justified, with low fragility.

What the fundamentals likely do

Near term, revenue growth and recurring revenue have been strengthening, while adjusted EBITDA has risen and the net loss has narrowed. Profitability progress is mixed, and the multi-year case depends on continuing that improvement while delivering the new goal of deploying PAR Intelligence to 50,000 sites by year end 2026.

What PAR Technology Corp. hinges on

A key risk is whether PAR cuts guidance after its recent increase, which could damage confidence in management’s outlook. The favorable scenarios include lower interest rates and continued strong results from major technology peers, though these are sector tailwinds rather than proof of PAR’s own execution.