PAR Technology Corporation (NYSE:PAR) reported second-quarter results that slightly outpaced analyst forecasts, propelled by a sharp 43.8% year-over-year revenue increase driven by strong uptake of its multi-product solutions.

For the quarter ending June 30, 2025, the restaurant and retail tech provider posted adjusted earnings of $0.03 per share, beating the expected $0.02. Revenue climbed to $112.4 million, topping the consensus estimate of $110.82 million and rising substantially from $78.2 million a year earlier. Following the announcement, PAR Technology’s shares gained 1.7%.

Adjusted EBITDA showed marked improvement, reaching $5.5 million compared to a loss of $4.3 million in the same quarter last year. Subscription service gross margin improved to 55.3% on a GAAP basis, up 220 basis points from the prior year.

“Q2 was another strong quarter in proving out our ’Better Together’ thesis. We signed a record amount of multi-product logos in the quarter and restarted our largest rollout,” said PAR CEO Savneet Singh. “In addition to these multi-product wins, we ended the quarter with our largest company-wide pipeline to date.”

At quarter-end, PAR Technology’s Engagement Cloud—which includes PAR Engagement and PAR Retail—reported annual recurring revenue (ARR) of $167.5 million with 119,100 active sites. Its Operator Cloud segment, which features PAR POS, PAR Pay, and related services, posted ARR of $119.2 million across 57,400 active sites.

The company continues to emphasize its multi-product approach, gaining momentum among customers as demonstrated by the record number of multi-product contracts secured during the quarter.

PAR Technology Corporation stock price

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