PAR (PAR) financial statements
PAR reported revenue of $456M in fiscal 2025, up 7.9% a year over 9 years.
Net income was -$84M and the operating margin -15.1%, against 1.0% in 2016.
Free cash flow was -$36M.
The diluted share count rose 157% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PAR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $230M | $233M | $201M | $187M | $214M | $283M | $262M | $277M | $350M | $456M |
| Cost of revenue | $183M | $182M | $164M | $150M | $174M | $221M | $181M | $187M | $204M | $258M |
| Gross profit | $46M | $51M | $38M | $37M | $39M | $62M | $82M | $89M | $146M | $198M |
| Research and development | $12M | $12M | $12M | $13M | $19M | $35M | $49M | $58M | $67M | $82M |
| Selling, general and admin | $31M | $38M | $36M | $38M | $46M | $84M | $101M | $111M | $151M | $172M |
| Operating income | $2M | -$121,000 | -$10M | -$14M | -$24M | -$54M | -$69M | -$72M | -$79M | -$69M |
| Interest expense | — | — | — | — | — | — | $10M | $10M | $14M | $9M |
| Pre-tax income | $4M | $387,000 | -$10M | -$19M | -$40M | -$85M | -$79M | -$80M | -$95M | -$82M |
| Income tax | $1M | $4M | $14M | -$4M | -$3M | -$9M | $1M | $2M | -$5M | $3M |
| Net income | $2M | -$3M | -$24M | -$16M | -$37M | -$76M | -$69M | -$70M | -$5M | -$84M |
| EPS (diluted) | $0.11 | -$0.22 | -$1.50 | -$0.96 | -$1.92 | -$3.02 | -$2.55 | -$2.53 | -$0.14 | -$2.09 |
| Diluted shares | 16M | 16M | 16M | 16M | 19M | 25M | 27M | 28M | 34M | 40M |
| Gross margin | 20.1% | 21.9% | 18.6% | 20.0% | 18.4% | 22.0% | 31.1% | 32.3% | 41.8% | 43.5% |
| Operating margin | 1.0% | -0.1% | -5.1% | -7.6% | -11.2% | -19.0% | -26.3% | -25.9% | -22.6% | -15.1% |
| Net margin | 0.8% | -1.5% | -12.0% | -8.3% | -17.1% | -26.8% | -26.4% | -25.2% | -1.4% | -18.5% |
Balance sheet
Fiscal years, from PAR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $9M | $7M | $3M | $28M | $181M | $188M | $111M | $74M | $109M | $80M |
| Receivables | $31M | $30M | $26M | $42M | $43M | $50M | $60M | $43M | $60M | $82M |
| Inventory | $26M | $22M | $23M | $19M | $22M | $35M | $38M | $24M | $22M | $27M |
| Total current assets | $82M | $63M | $56M | $94M | $249M | $283M | $224M | $181M | $218M | $233M |
| Property, plant and equipment | $7M | $11M | $13M | $14M | $14M | $14M | $13M | $16M | $14M | $13M |
| Goodwill | $11M | $11M | $11M | $41M | $41M | $457M | $486M | $489M | $887M | $898M |
| Total assets | $125M | $115M | $95M | $190M | $344M | $888M | $855M | $803M | $1.4B | $1.4B |
| Total current liabilities | $47M | $36M | $41M | $42M | $40M | $61M | $68M | $80M | $112M | $141M |
| Long-term debt | $379,000 | $185,000 | $0 | $62M | $106M | $306M | $389M | $378M | $368M | $374M |
| Total liabilities | $55M | $46M | $49M | $117M | $155M | $384M | $480M | $470M | $509M | $544M |
| Shareholders' equity | $70M | $69M | $46M | $73M | $188M | $504M | $375M | $333M | $872M | $825M |
| Net debt | -$8M | -$6M | -$3M | $35M | -$74M | $118M | $319M | $340M | $260M | $314M |
Cash flow
Fiscal years, from PAR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $11M | $314,000 | -$4M | -$16M | -$20M | -$53M | -$43M | -$17M | -$25M | -$27M |
| Capital spending | $6M | $9M | $8M | $7M | $9M | $8M | $7M | $10M | $7M | $9M |
| Free cash flow | $5M | -$9M | -$12M | -$23M | -$29M | -$61M | -$50M | -$27M | -$32M | -$36M |
| Stock-based compensation | $469,000 | $651,000 | $1M | $3M | $4M | $15M | $13M | $14M | $24M | $31M |
| Share buybacks (net) | — | — | $0 | -$544,000 | -$297,000 | -$5M | -$3M | — | — | — |
| Net borrowing | -$181,000 | -$187,000 | -$380,000 | $10M | $0 | $0 | $0 | $0 | $87M | $111M |
| Free cash flow margin | 2.1% | -3.7% | -5.8% | -12.1% | -13.8% | -21.7% | -19.2% | -9.9% | -9.2% | -7.9% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for PAR.
Open PAR in InvestinglyQuestions
What was PAR's revenue in 2025?
$456M in fiscal 2025, from its 10-K filing.
How much free cash flow does PAR generate?
-$36M in fiscal 2025 (operating cash flow minus capital spending).
From PAR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.