Quarterly ResultMay 7, 2026, 05:22 PM
PAR Q1 Revenue +19.4% to $124.0M; Net Loss $(16.2)M
AI Summary
PAR Technology Corporation reported a significant increase in total revenues for the first quarter of 2026, rising 19.4% to $124.0 million, while also narrowing its net loss to $(16.2) million from $(24.4) million in the prior year. The company completed the Bridg Asset Acquisition for $25.1 million, expanding its Engagement Cloud offerings. Additionally, PAR issued $265.0 million in 4.00% Convertible Senior Notes due 2031 and repurchased $212.0 million of its 2027 Notes, resulting in a $3.9 million gain. The company also initiated a $100.0 million share repurchase program, buying back $33.1 million in shares during the quarter.
Key Highlights
- Total revenues increased 19.4% to $124.0 million for Q1 2026.
- Net loss improved to $(16.2) million from $(24.4) million in Q1 2025.
- Net loss per share improved to $(0.39) from $(0.60) year-over-year.
- Subscription service revenue grew 14.8% to $78.5 million.
- Hardware revenue surged 33.9% to $29.3 million.
- Acquired Bridg platform assets for $25.1 million, issuing 1.81 million shares.
- Issued $265.0 million in 4.00% Convertible Senior Notes due 2031.
- Repurchased $212.0 million of 2027 Notes and $33.1 million in common stock.