Who are PAR Technology's biggest customers?

One customer accounts for 21% of PAR Technology's revenue (FY2025 10-K).

PARPAR Technology Corporation

$17.84-52% 1Y

$17.84

$11.8252 weeks$39.72

Is the business good?

Good

Margins widening. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.

1 good, 3 without data

Margin direction, 3 years+132.0 ptsderived

Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.

How good a business is PAR?

PAR Technology Corporation earns −4.3% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

−4.3%

Return on invested capital · cost of capital 9.0% · 13 points below what the capital costs: growth destroys value

Operating margin: −13%
Operating margin · Software - Application median 6.9% · 12 months to Q2 2026
Share count, year on year: +1.9%
Share count, year on year · shareholders own a smaller slice than a year ago
R&D as % of revenue: 17%
R&D as % of revenue

Operating margin by fiscal year
Year	Operating margin
FY2020	−11%
FY2021	−19%
FY2022	−26%
FY2023	−26%
FY2024	−23%
FY2025	−15%

Details›

Gross margin12 months to Q2 2026: 42%
Operating margin12 months to Q2 2026: −13%
Net margin12 months to Q2 2026: −15%
Free cash flow margin: −3.2%
R&D as % of revenue: 17%
Revenue, trailing twelve months: $497M
Free cash flow, trailing twelve months: −$16M
Net income, trailing twelve months: −$72M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash: −4.3%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.

Customers and suppliers

Who buys from PAR and who it buys from, as the companies report it.

21%of revenue comes from one customer

Customerswho buys

One customer
21%
Share of revenue · FY2025 10-K

Supplierswho it buys from

None disclosed.

A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; PAR’s own figures are from its FY2025 10-K. Smaller customers and suppliers go unreported.

Software, Application

Ranks #91 of 92 by RyuScore