AI-extracted from the 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue grew 18.7% YoY to $133.4M, driven by 16% subscription service growth and 30.6% hardware growth, though hardware and professional services margins compressed and company posted $16.9M net loss.
Biggest Revenue Drivers
Subscription service$83.4M+16.0% YoY
$4.2M inorganic from Bridg; remaining $7.3M from organic growth via cross-selling, upselling, and price increases.
Hardware$35.1M+30.6% YoY
Increased terminal sales ($4.8M), peripherals ($2.1M), and international sales ($1.7M) driven by tier-one customer hardware refresh cycles.
Biggest Revenue Drivers
Total revenue: $133.4M+18.7% YoY
Subscription service$83.4M+16.0% YoY
$4.2M inorganic from Bridg; remaining $7.3M from organic growth via cross-selling, upselling, and price increases.
Hardware$35.1M+30.6% YoY
Increased terminal sales ($4.8M), peripherals ($2.1M), and international sales ($1.7M) driven by tier-one customer hardware refresh cycles.
Professional service$14.9M+9.5% YoY
$1.5M increase in installation revenues from onboarding of tier-one customers.
Largest Expense Items
Research and development$22.5M+7.5% YoY
$1.3M inorganic from Bridg; organic increase reflects investment in AI-enabled functionality and product enhancements.
General and administrative$26.3M-17.1% YoY
Decrease driven by lower bad debt expense, severance costs, stock-based compensation, and transaction costs.
Sales and marketing$11.6M-5.8% YoY
Organic S&M down $1.2M from lower compensation and marketing spend, partially offset by Bridg acquisition costs.
Margins: Total gross margin contracted 300 basis points to 42.4% from 45.4% YoY. Hardware margin fell 700 bps to 20.3% due to excess inventory charges and product mix shift; subscription service margin held flat at 55.2% while professional services margin declined 600 bps from shift toward lower-margin installation services.
Watch Items from the Filing
McDonald's represents 27% of Q2 revenue (up from 18% in Q2 2025), creating material customer concentration risk.
Hardware gross margin compressed 700 bps YoY to 20.3%; company recorded $1.5M inventory charge in Q2 and notes tariff/supply chain challenges.
Company carries $433M in convertible debt maturing $53M (2027), $115M (2030), $265M (2031); issued new $265M 2031 Notes in March 2026.
Organic ARR grew 12.3% YoY; inorganic ARR from Bridg added $14.4M, but organic active sites declined 2.6% YoY despite subscription revenue growth.
Company recorded $5.4M impairment charge on indefinite-lived Stuzo trademark and $0.1M on abandoned PAR Clear software in Q2.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
3 transactions in PAR reported by 2 members of Congress under the STOCK Act, most recent trade Feb 18, 2026. Reported transactions, not recommendations.
About PAR TECHNOLOGY CORP (PAR): stock profile, AI score and financials
PAR TECHNOLOGY CORP (PAR) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores PAR at 38.7/100 on a composite quality score built from its SEC filings, placing it at rank #2,173 of 2,925 stocks — the bottom half of the AI-ranked universe. PAR scores in the top quartile across revenue growth (88.8). Areas of concern include earnings quality (17.0) and profitability (21.9), which score below median versus the broader universe. Shareholder dilution risk is elevated at 20.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), PAR TECHNOLOGY CORP reports quarterly revenue of $133.4M, net income of $-16.9M, an operating margin of -9.7%. Top institutional holders of PAR by reported 13-F value include Voss Capital, BlackRock, Newtyn Management, based on the most recent SEC filings. PAR trades on the NYSE exchange and files with the SEC under CIK 708821. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PAR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for PAR TECHNOLOGY CORP directly from SEC EDGAR.