PAR Technology Raises 2026 Revenue and Ebitda Outlook

The Tip Desk · November 11, 2026 · 2 min read

Third-quarter revenue was $137.1 million, up 15% from a year earlier, as annual recurring revenue reached $354.5 million.

PAR Technology Corporation (PAR), the operator of an agentic operating platform for multi-unit restaurant, retail and commerce brands, reported third-quarter revenue of $137.1 million, up 15% from a year earlier, and raised its full-year 2026 outlook after the quarter.

Year-over-year revenue growth slowed from 19% in the second quarter, when sales were $133.4 million. Annual recurring revenue increased 18.1% to $354.5 million, a faster year-over-year pace than the 17% rise to $338.0 million in the prior quarter. Active sites were 174.4 thousand at September 30, 2026, compared with 174.3 thousand at June 30.

GAAP net loss narrowed to $9.0 million from $18.2 million a year earlier, or $0.22 a share versus $0.45. Non-GAAP adjusted EBITDA was $17.1 million, compared with $5.8 million. Non-GAAP diluted net income was $0.24 a share. GAAP operating loss narrowed to $5.5 million from $17.7 million. Interest expense, net, was $3.3 million versus $1.5 million.

Subscription service revenue was $85.9 million, hardware $34.4 million and professional service $16.9 million in the three months ended September 30, 2026. GAAP subscription service gross margin improved 50 basis points to 55.8%. Non-GAAP subscription service gross margin slipped 20 basis points to 66.0%.

Chief executive Savneet Singh said third-quarter performance showed continued acceleration in growth and profitability, citing enterprise deployments, growing multi-product adoption and a pipeline he said positions the company to finish the year and carry progress into 2027. He said PAR Intelligence is on track to surpass an initial 50,000-site deployment goal by year-end.

Beginning in the second quarter, the company presented ARR and Active Sites on a total basis rather than split into Engagement Cloud and Operator Cloud product lines, saying multi-product arrangements had become common and that management no longer manages the business along those two lines.

For the fourth quarter ending December 31, 2026, PAR expects total revenue of $138.0 million to $142.0 million and adjusted EBITDA of $17.5 million to $19.0 million. For fiscal 2026, it now expects revenue of $532.5 million to $536.5 million, up from a prior range of $516.0 million to $523.0 million, and adjusted EBITDA of $57.9 million to $59.4 million, up from $50.0 million to $53.0 million.

Cash and cash equivalents were $94.5 million at September 30, 2026, compared with $79.6 million at year-end 2025. Long-term debt was $423.0 million, with no current portion of long-term debt remaining. Inventories were $41.3 million.

The company said the outlook is forward-looking information subject to assumptions and risks, and that actual results could vary materially.