PAR (PAR) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 15.0% YoY to $137.1M; ARR increased 18.1% to $354.5M, including 13.3% organic growth.

• Adjusted EBITDA reached $17.1M, up 193% YoY, and Q3 free cash flow was $17.7M.

• Net loss narrowed to $9.0M from $18.2M; active sites totaled 174.4K at quarter-end.

Financial highlights

• Revenue was $137.1M versus $119.2M; gross profit increased 22.0% to $60.1M.

• Subscription revenue was $85.9M (+14.9%), hardware $34.4M (+15.0%), and professional services $16.9M (+16.1%).

• Operating expenses declined 2.0% to $65.5M; net loss narrowed to $9.0M from $18.2M.

• Nine-month revenue rose 17.6% to $394.5M; adjusted EBITDA was $40.4M versus $15.9M.

Outlook and guidance

• FY2026 revenue guidance increased to $532.5M–$536.5M from $516.0M–$523.0M; adjusted EBITDA guidance rose to $57.9M–$59.4M from $50.0M–$53.0M.

• Q4 guidance is $138.0M–$142.0M revenue and $17.5M–$19.0M adjusted EBITDA; incremental free cash flow is expected to be modestly positive.

• PAR Intelligence is on track to exceed its 50,000-site deployment goal by year-end, with agentic AI capabilities rolling out across the platform.

• Management expects potential for ARR growth and bottom-line expansion in 2027; modest Q4 R&D and sales and marketing investment will raise OpEx.