PAR
PAR Technology Corporation

PAR Technology CorporationPAR

Technology · Software - Application
20.55USD
+7.14%
Nov 08, 2026
PAR overview ready
Integrated Cloud POS and Engagement Solutions for Multi-Unit Restaurants
PAR is a restaurant-technology pure play focused primarily on enterprise and multi-unit operators, providing an integrated cloud stack across POS, payments, digital ordering, loyalty/engagement, operational intelligence, and supporting hardware.
Theme not measured
Restaurant & Retail Commerce Tech has no leadership state this session.
Advancing price action
Longer-term context reads early recovery, with a near-term setup of daily reclaim.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably….
Solid fundamentals
Ev / sales is strong.
Primary risk
Dependence on restaurant and retail industry health.
Market Nov 6Filing Sep 30Price action Nov 7Research Oct 15

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction8.6BusinessPerformance4.0BusinessQuality2.7Valuation3.5ThemeMomentum—Decelerating — Revenue is still growing (+15% YoY), but growth has slowed for 2 consecutive quarters, down from +19%. The company is still loss-making: the diluted loss per share narrowed to -$0.22 from -$0.45 a year earlier. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Restaurant & Retail Commerce Tech — Restaurant & Retail Commerce Tech is tracked (3–4 priced members) — too few for a leadership state
Its economic family, Software, reads Weakening (+6.0pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Advancing price action
Longer-term context reads early recovery, with a near-term setup of daily reclaim.
EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$850.2M
Avg Volume (60D)
962.8K
60 sessions
Revenue Growth YoY
+30.2%
FY2025 vs FY2024
Gross Margin
+42.9%
Trailing twelve months
Operating Margin
-9.8%
Trailing twelve months
Free Cash Flow Yield
-0.3%
Distance from 200DMA
+21.7%
P/E
N/M
EV / EBITDA
6693.9x
EV / Sales
2.3x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Decelerating

Revenue is still growing (+15% YoY), but growth has slowed for 2 consecutive quarters, down from +19%. The company is still loss-making: the diluted loss per share narrowed to -$0.22 from -$0.45 a year earlier.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthSlowing
+15%
$137M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +14%
  2. +19%
  3. +19%
  4. +15%
Earnings growthLoss narrowing
-$0.22
Diluted EPS -$0.22 vs -$0.45 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginExpanding
-4.0%
+10.8 pp YoY · gross margin 43.8% (+2.5 pp)
The business is consuming cash

Business Quality

2.7 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say cheap; intrinsic is the dissenting view. The published stance is held at fair because no positive free cash flow behind the low multiple.
PAR Technology Corporation has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
PAR is a restaurant-technology pure play focused primarily on enterprise and multi-unit operators, providing an integrated cloud stack across POS, payments, digital ordering, loyalty/engagement, operational intelligence, and supporting hardware.
Opportunity
Moderate opportunity
Restaurant operators are consolidating fragmented point-of-sale, payments, digital ordering, loyalty, customer-data, and operating workflows into integrated cloud platforms to improve throughput, direct digital demand, labor productivity, and guest retention.
Key risk
Dependence on restaurant and retail industry health.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Software - Application
What they do

PAR Technology Corporation provides integrated cloud-based software and hardware solutions primarily for the restaurant and retail industries, focusing on omnichannel ordering, customer engagement, and point-of-sale systems.

How it earns

The company generates revenue mainly through subscription-based SaaS offerings and hardware sales to enterprise and multi-unit operators.

Products & services
Punchh customer loyalty and engagement platform
PAR Ordering digital ordering and delivery
PAR RETAIL digital engagement software
PLEXURE customer engagement and loyalty platform
PAR POS point-of-sale solution
TASK enterprise technology solution
PAR OPS operational software
Customers & end markets
Restaurant operators
Retail operators
Enterprise and multi-unit businesses
Market position

Niche player focused on enterprise and multi-unit restaurant operators with an integrated cloud technology stack.

Demand drivers
Medium cyclicality

Demand is tied to restaurant and retail industry health, which can be sensitive to economic cycles.