PAR earnings analysis
What we found in PAR's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
PAR Technology reported Q1 2026 revenue of $123.973 million, exceeding estimates of $116.617 million, while EPS was $0.1 compared to the expected loss of $0.02. There was a significant 19% year-over-year revenue growth, reflecting strong demand and strategic execution, although operational challenges remain evident in margins.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Surpassed Expectations
- Actual revenue reached $123.973 million, up 19% year-over-year and above estimates of $116.617 million.
- Positive EPS Performance
- Achieved EPS of $0.1 compared to the estimated loss of $0.02, a significant surprise of 4.0%.
- Improved Year-Over-Year Growth
- Revenue increased from $104 million in Q1 2025 to $123.973 million in Q1 2026.
- Strong Free Cash Flow
- Free cash flow stood at $8 million, a positive sign compared to the -$18 million from the previous year.
- Growing Annual Recurring Revenue
- The management highlighted a strong increase in ARR, contributing to the revenue growth.
- Guidance Provided for Q2 2026
- Management anticipates Q2 2026 revenue between $122.5 million to $127.5 million.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Ongoing Operating Losses
- Despite strong revenue, operating margins remain negative, with expectations of continued operational challenges.
- Subscription Gross Margin Concerns
- Management indicated declining gross margins for subscription services, affecting long-term profitability.
- Market Volatility Risks
- Persistent volatility in stock prices could impact financing options needed for growth initiatives.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.1
- Gross margin
- 46.6%
- Operating margin
- -15.2%
What they said about what is next.
Management anticipates Q2 2026 revenue in the range of $122.5 million to $127.5 million.
The filing reads better than the one before it.
What came before.
- 10-K · February 26, 2026
- PAR describes a strategy focused on a unified omnichannel platform for restaurants and retail — combining subscription SaaS (Engagement and Operator clouds), hardware, payments and professional services — and emphasizes…
- 10-Q · May 10, 2023
- PAR reported quarterly revenue of $100,437,000, up $20,152,000 (25.1%) from $80,285,000 in Q1 2022, driven by subscription and government contract growth. Despite top-line growth, gross margin contracted to 23.1% and…
- 10-Q · November 9, 2022
- PAR reported Q3 net revenue of $92,767 (three months ended September 30, 2022), up from $77,860 in the prior-year quarter, while GAAP net loss per share improved to $(0.79) from $(1.23). Gross margin dollars increased…
- 10-Q · August 9, 2022
- PAR reported quarter revenue of $85.093 million, up from $68.950 million a year earlier, with gross margin improving to $21.121 million (≈24.8% of revenue). Operating loss narrowed modestly to $(16.099) million, but net…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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