Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data PAR TECHNOLOGY CORP files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
230
233
201
187
214
283
262
277
350
456
Cost of revenue
183
182
164
150
174
221
181
187
204
258
Gross profit
46.2
51
37.5
37.4
39.3
62.1
81.7
89.4
146
198
Research and development
11.6
12
12.4
13.4
19.3
34.6
48.6
58.4
67.3
81.8
Selling, general and administrative
31.4
38.2
35.8
38.1
46.2
84
101
Selling and marketing
24.2
34.9
38.5
41.7
48.9
General and administrative
59.8
69.8
72.1
109
123
Operating expenses
44
51.1
47.8
51.6
63.3
116
151
161
225
267
Operating income
2.21
-0.12
-10.3
-14.2
-23.9
-53.9
-69.1
-71.7
-79.1
-68.8
Interest expense
10
9.83
13.9
8.69
Other non-operating income
1.32
0.63
0.68
-0.45
0.81
-1.28
-1.22
-0.49
1.15
-1.12
Pre-tax income
3.65
0.39
-9.98
-19.2
-39.5
-85.2
-78.9
-79.8
-94.7
-81.7
Income tax
1.15
4
14.1
-3.63
-2.99
-9.42
1.13
1.85
-4.77
2.92
Income from continuing operations
2.5
-3.61
-24.1
-80.1
-81.6
-89.9
-84.7
Net income
1.78
-3.39
-24.1
-15.6
-36.6
-75.8
-69.3
-69.8
-4.99
-84.5
EBITDA
6.84
3.91
-5.55
-9.46
-13.8
-32.5
-43.4
-44.7
-41.2
-19.8
EPS, basic
0.11
-0.22
-1.50
-0.96
-1.92
-3.02
-2.55
-2.53
-0.14
-2.09
EPS, diluted
0.11
-0.22
-1.50
-0.96
-1.92
-3.02
-2.55
-2.53
-0.14
-2.09
Shares, basic (weighted)
15.7
15.9
16
16.2
19
25.1
27.2
27.6
34.2
40.5
Shares, diluted (weighted)
15.7
15.9
16
16.2
19
25.1
27.2
27.6
34.2
40.5
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
9.06
6.6
3.49
28
181
188
70.3
37.2
108
79.6
Short-term investments
0
40.3
37.2
0.52
0.58
Receivables
30.7
30.1
26.2
41.8
43
50
60
42.7
59.7
81.7
Inventory
26.2
21.7
22.7
19.3
21.6
35.1
37.6
23.6
21.9
27.4
Other current assets
4.03
4.21
3.25
4.43
3.63
9.53
8.57
8.12
14.4
29.5
Total current assets
82
62.6
55.7
93.6
249
283
224
181
218
233
Property, plant and equipment
7.04
10.8
12.6
14.4
13.9
13.7
13
15.5
14.1
13.3
Lease right-of-use assets
3.02
2.57
4.35
4.06
3.17
8.22
8.18
Goodwill
11.1
11.1
11.1
41.4
41.2
457
486
489
887
898
Intangible assets
11
12.1
10.9
32.9
33.1
119
111
94
237
203
Other non-current assets
3.79
4.31
4.5
4.35
4.06
11
16
17.6
15.6
13.3
Total assets
125
115
94.7
190
344
888
855
803
1,381
1,369
Accounts payable
16.7
14.3
12.6
16.4
12.8
20.8
23.3
25.6
34.8
39.3
Accrued liabilities
4.68
3.93
2.11
3.18
2.61
5.04
6.53
3.53
13.9
12.4
Deferred revenue
10.2
9.85
12.1
9.51
14.4
10.6
9.3
24.9
27.9
Short-term debt
0.19
0.2
0
0.63
0.67
0.71
0
0
20
Total current liabilities
46.8
35.9
40.9
42.1
40
60.5
67.8
80.2
112
141
Long-term debt
0.38
0.19
0
62.4
106
306
389
378
368
374
Lease liabilities
1.02
1.46
2.44
2.87
2.15
6.05
6.44
Other non-current liabilities
7.71
6.87
3.41
7.31
5
7.41
14.7
3.6
21.2
20.9
Total liabilities
54.9
45.6
48.7
117
155
384
480
470
509
544
Total debt
0.57
0.38
0
63
107
307
389
378
368
394
Paid-in capital
46.2
48.3
50.3
94.4
244
641
595
625
1,085
1,226
Retained earnings
32.4
29.5
5.43
-10.1
-46.7
-123
-205
-275
-280
-364
Treasury stock
-5.84
-5.84
-5.84
-6.38
-4.99
-10.9
-14.1
-16.8
-21.8
-28.9
Other comprehensive income
-3.49
-3.43
-4.25
-5.37
-3.94
-3.7
-1.37
-0.94
-21
-8.43
Shareholders' equity
69.6
69
45.9
72.8
188
504
375
333
872
825
Total equity
69.6
69
45.9
72.8
188
504
375
333
872
825
Total liabilities and equity
125
115
94.7
190
344
888
855
803
1,381
1,369
Shares outstanding
15.8
16
16.2
16.6
21.9
26.9
27.3
28
38.7
40.7
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
1.78
-3.39
-24.1
-15.6
-36.6
-75.8
-69.3
-69.8
-4.99
-84.5
Depreciation and amortization
4.62
4.03
4.73
4.73
10.1
21.4
25.6
27
37.9
49
Stock-based compensation
0.47
0.65
1.04
2.71
4.25
14.6
13.3
14.3
24.5
30.6
Deferred income tax
0.71
3.65
13.8
-4
-3.16
-10.4
-0.37
0.2
-8.49
0.32
Change in receivables
-1.58
0.33
3.05
-15.6
-1.53
1.83
-5.59
-0.77
-10.5
-25.9
Change in inventory
-5.99
2.95
-1.84
1.86
-4.48
-13.5
-2.77
16
1.77
-6.52
Change in payables
4.96
-2.36
-1.69
3.74
-4.18
4.91
0.7
4.41
4.28
3.98
Cash from operations
11
0.31
-3.85
-16.1
-20.2
-53.2
-43.1
-17.1
-25.2
-27.2
Capital expenditures
-3.43
-5.07
-3.95
-2.46
-1.3
-1.44
-1.16
-5.02
-0.97
-3.32
Acquisitions
0
-19.8
0
-375
-18.8
-1.9
-309
-4.32
Purchases of investments
0
Cash from investing
-7.1
-8.86
-6.71
-23.9
-9.04
-383
-66.7
-7.78
-180
-13.1
Debt issued
0
9.64
0
0
0
0
87.3
111
Debt repaid
-0.18
-0.19
-0.38
Stock issued
0
0
131
215
0
0
194
0
Share buybacks
0
-0.54
-0.3
-5.32
-3.15
Cash from financing
-2.15
6.06
7.35
65.6
181
444
-2.57
-1.62
279
12.3
Exchange rate effect
-0.72
0.03
0.1
-1
1.24
0.27
1.46
-3.52
0.86
0.14
Net change in cash
1.03
-2.46
-3.12
24.6
153
7.73
-111
-30
74
-27.9
Free cash flow
7.56
-4.76
-7.8
-18.6
-21.5
-54.6
-44.2
-22.1
-26.2
-30.5
Interest paid
0.09
0.15
0.31
1.29
4.02
8.38
0.02
8
10.3
5.1
Income taxes paid
0.71
0.02
0.29
-0.32
0.21
0
1.29
3.22
2.32
5.76
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $14.06 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
42.2%
Gross profit / revenue.
Operating margin
-12.6%
Operating income / revenue.
EBITDA margin
-2.6%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-14.5%
Net income / revenue.
FCF margin
-3.2%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-2.6%
Cash from operations / revenue.
Return on equity (ROE)
-8.9%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-5.3%
Net income / average total assets.
Return on invested capital (ROIC)
-4.3%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
17.2%
Research and development expense / revenue.
Stock-based pay / revenue
5.9%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.6%
Capital expenditures / revenue.
D&A / revenue
10.0%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
30.2%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
20.2%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
16.3%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
35.5%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
34.3%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y
38.2%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y
-5.3%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
30.0%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
34.4%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-0.8%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
17.0%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
31.8%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
18.5%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
14.2%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
16.3%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.21x
Current assets / current liabilities.
Quick ratio
1.47x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.74x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.52x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
30.8%
Total debt / total assets.
Liabilities / assets
40.6%
Total liabilities / total assets.
Net debt
$344.4M
Total debt - cash - short-term investments. Negative means more cash than debt.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$1.75
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$12.03
Revenue / diluted weighted shares.
FCF per share
-$0.38
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.31
Cash from operations / diluted weighted shares.
Book value per share
$19.67
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
1.17x
Market cap / revenue.
P/B
0.71x
Market cap / shareholders' equity. Only when equity is positive.
EV/Sales
1.86x
Enterprise value / revenue.
FCF yield
-2.7%
Free cash flow / market cap.
Earnings yield
-12.4%
Net income / market cap (the inverse of P/E).
What was PAR TECHNOLOGY CORP's revenue in fiscal 2025?
PAR TECHNOLOGY CORP reported revenue of $455.5M for fiscal 2025, 30.2% higher than the year before.
Was PAR TECHNOLOGY CORP profitable in fiscal 2025?
No. It reported a net loss of $84.5M.
How much free cash flow did PAR TECHNOLOGY CORP generate in fiscal 2025?
Cash from operations of $27.2M minus capital expenditures of $3.3M left free cash flow of -$30.5M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.