Quarterly ResultMay 7, 2026, 04:21 PM
PAR Technology Q1 Revenue +19% to $124M; Adj. EBITDA Doubles to $9M
AI Summary
PAR Technology Corporation announced strong financial results for the first quarter ended March 31, 2026, with a 19% year-over-year revenue increase and adjusted EBITDA doubling to $8.9 million. The company also reported significant Annual Recurring Revenue (ARR) growth, including contributions from the acquisition of Bridg, and introduced PAR Intelligence, an AI layer embedded across its platform. PAR is providing financial guidance for Q2 and full fiscal year 2026 for the first time.
Key Highlights
- Total revenue increased 19.4% to $124.0 million in Q1 2026 from $103.9 million in Q1 2025.
- Adjusted EBITDA doubled to $8.9 million in Q1 2026 from $4.5 million in Q1 2025.
- Annual Recurring Revenue (ARR) grew 16% to $330.1 million, with organic growth of 11%.
- Net loss from continuing operations improved to $(16.2) million from $(24.5) million year-over-year.
- Acquired Bridg, an identity resolution platform, contributing $14.4 million to ARR in Q1 2026.
- Introduced PAR Intelligence, an agentic AI layer embedded across the PAR platform.
- Q2 2026 revenue guidance: $122.5 million to $127.5 million; Adjusted EBITDA: $9.5 million to $11.5 million.
- FY 2026 revenue guidance: $500.0 million to $515.0 million; Adjusted EBITDA: $44.0 million to $47.0 million.