PAR Technology reports Q1 2025 results, posts $24.5M net loss

PAR Technology Corp. (NYSE:PAR), a software provider for the hospitality industry, on Friday announced financial results for its first quarter, reporting a net loss of $24.5 million.

The company's loss translated to 60 cents per share.

Losses, when adjusted for one-time gains and costs, came in at 1 cent per share.

PAR Technology also reported revenue of $103.9 million for the period.

Despite the net loss, the company highlighted significant growth in key subscription metrics.

Annual Recurring Revenue (ARR) increased to $282.1 million, marking a total growth of 52% compared to $185.7 million reported in the first quarter of 2024.

Organic ARR growth stood at 18%.

Quarterly subscription service revenues also saw a substantial increase, rising 78% year-over-year.

The organic growth for quarterly subscription service revenues was 20% from the first quarter of 2024.