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PAR (PAR) investor relations material
PAR Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q4 2025 revenue reached $120.1 million, up 14.4% year-over-year, driven by strong subscription services and hardware sales.
Full-year 2025 revenue was $455.5 million, up 30.2%, with 21% organic growth and subscription services up 40%.
ARR reached $315.4 million in Q4 2025, up 16% year-over-year and 15% organically.
Adjusted EBITDA improved to $7.0 million in Q4 2025 and $23.0 million for the year, maintaining profitability.
Aggressive investment in AI and multi-product platform strategy, including the launch of Coach AI, is fueling growth and customer expansion.
Financial highlights
Q4 2025 adjusted EBITDA was $7.0 million, up $1.3 million year-over-year.
Q4 2025 net loss from continuing operations was $20.9 million ($0.51/share), improved from $25.3 million loss ($0.68/share) last year.
Subscription services revenue grew 18% year-over-year to $76.1 million, now 63% of total revenue.
Hardware revenue was $28 million, up 7% year-over-year; professional services revenue was $16 million, flat year-over-year.
Non-GAAP diluted net income per share was $0.06 in Q4 2025 and $0.15 for the full year.
Outlook and guidance
Management expects mid-teens ARR growth in 2026, with stronger performance in the second half of the year.
Margin profile expected to improve as legacy low-margin customers are managed out in Q1.
Operational efficiency to increase, targeting $15 million annualized OpEx reduction via AI-driven automation by end of Q1.
Continued investment in AI platform, product innovation, and new product commercialization anticipated.
Strategic focus on becoming an AI platform partner for customers navigating an AI-first world.
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