PAR Technology Corporation Reports 43.8% Revenue Growth to $112.4 Million in Q2 2025

PAR Technology Corporation reported significant financial results for the second quarter of 2025, with total revenues reaching $112.4 million, a 43.8% increase from $78.2 million in the same period last year. The growth was primarily driven by a 60.2% rise in subscription service revenues, which totaled $71.9 million, up from $44.9 million. This increase was largely attributed to the Engagement Cloud product line, which saw a substantial contribution from the recently acquired Plexure product and the GoSkip Asset Acquisition. Hardware revenues also increased by 33.5% to $26.9 million, reflecting strong sales in terminals and kitchen display systems.

In terms of profitability, PAR Technology reported a net loss from continuing operations of $21.0 million, compared to a loss of $23.6 million in the prior year, indicating a year-over-year improvement. The company’s operating loss narrowed to $17.3 million from $20.7 million, reflecting a decrease in operating expenses, which grew at a slower rate than revenue. Total operating expenses for the quarter were $68.3 million, up 29.4% from $52.8 million, driven by increased costs associated with sales and marketing, general and administrative functions, and research and development.

Strategically, PAR Technology has been active in expanding its product offerings and market presence through acquisitions. The company completed the GoSkip Asset Acquisition in March 2025 for approximately $4.8 million, enhancing its PAR Retail product line. Additionally, the company has integrated operations from the TASK Group and Delaget acquisitions, which have contributed to inorganic revenue growth. As of June 30, 2025, PAR reported a total of 119.1 active sites in its Engagement Cloud, a 25.9% increase from the previous year, and 57.4 active sites in its Operator Cloud, reflecting a 107.2% increase.

Looking ahead, PAR Technology anticipates continued growth driven by its subscription services and hardware sales, despite potential challenges from macroeconomic factors such as tariffs and supply chain disruptions. The company expects its available cash and cash equivalents, totaling $85.1 million as of June 30, 2025, to be sufficient to meet operational needs for at least the next 12 months. Management remains focused on enhancing operational efficiencies and expanding its market share, particularly in the restaurant and retail sectors, while navigating the complexities of the current economic landscape.