Slide 1: Q2 '25 Earnings Presentation
Q2 ‘25 Earnings Presentation August 8, 2025 NYSE: PAR partech.com 1
Slide 2: Forward-Looking Statements. Industry and Market Data.
Forward-Looking Statements. Industry and Market Data. This presentation contains forward-looking statements made pursuant to the safe harbor provisions of Section Market, industry, and other data included in this presentation are from or based on our own internal good 21E of the Securities Exchange
Slide 3: Our Journey… So Far
Our Journey… So Far (Dollar values represent ARR) Software Renaissance Building a Unified Platform Global Food Service Pure Play • Acquired PAR POS. • Launched PAR Payments. • Acquired loyalty provider PAR Retail and international • Restructured PAR, new team, mission, • Acquired loyalty provider Pu
Slide 4: Building a Unified Experience… Leading To
Building a Unified Experience… Leading To • Unified technology platform offering integrated solutions and sophisticated data insights • Pairs with our state of the art hardware offerings for a complete tech stack • Supported by our comprehensive professional service offerings to drive a positive cus
Slide 5: PAR's Success Will Be Driven by our Flywheel
PAR’s Success Will Be Driven by our Flywheel Land product #1 Established brand and Reinvest to launch or winning market share acquire product #2 Differentiated Platform Scale economics leads to more Happy and sticky customers capital to reinvest in products partech.com 5
Slide 6: Financial Review
Financial Review Second Quarter 2025 Highlights partech.com 6
Slide 7: Q2 2025 Highlights
Q2 2025 Highlights 1 16% organic ARR growth • Consistent delivery on strong organic ARR growth 2 Driving margin expansion • Non-GAAP consolidated gross margin percentage(1) improved to 52.8% in Q2 2025 from 49.3% in Q2 2024 3 Continued Adjusted EBITDA profitability • Adjusted EBITDA(2) of $5.5 milli
Slide 8: Q2 2025 Revenue Breakout
Q2 2025 Revenue Breakout Revenue by Offering ARR by Subscription Product Line 23.9% Hardware Operator Cloud Subscription Service 41.6% Engagement Cloud Professional Service 58.4% 64.0% 12.1% partech.com 8
Slide 9: Strong Organic & Inorganic ARR Growth
Strong Organic & Inorganic ARR Growth (#039;000,000) Organic ARR Total ARR 16% 49% Y/Y Growth Y/Y Growth 272.5 282.1 286.7 244.7 203.3 212.2 219.2 223.2 192.2 192.2 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Year-over-year metrics are for the quarter ended 6/30/2025 compared to the qua
Slide 10: Resilient ARR Growth Across Product Lines
Resilient ARR Growth Across Product Lines (#039;000,000) Operator Cloud Engagement Cloud 42% 55% Y/Y Growth Y/Y Growth 156.2 164.9 167.5 151.8 116.2 117.2 119.2 107.9 84.2 92.9 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Year-over-year metrics are for the quarter ended 6/30/2025 compare
Slide 11: Driving Margin Expansion
Driving Margin Expansion Non-GAAP Subscription Service Non-GAAP Consolidated Gross (1) (2) Gross Margin Percentage Margin Percentage 350 Basis Point Y/Y Margin Expansion 66.4% 66.8% 64.7% 69.1% 66.4% 49.3% 51.8% 50.3% 54.2% 52.8% Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 1. Non-GAA
Slide 12: Q2 '25 Financials
Q2 '25 Financials Three Months Ended June 30, Consolidated Highlights (in thousands) 2025 2024 Revenues, net: Subscription service $ 71,903 $ 44,872 • 59% increase in gross margin from Q2 2024 Hardware 26,864 20,116 Professional service 13,637 13,162 Total revenues, net 112,404 78,150 • $9.9 million
Slide 13: Appendix
Appendix partech.com 13
Slide 14: Non-GAAP Subscription Service Gross Margin Percentage Reconciliation
Non-GAAP Subscription Service Gross Margin Percentage Reconciliation (in thousands, except percentages) 3 Months Ended Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Subscription Service Gross Margin Percentage 53.1% 55.3% 53.2% 57.8% 55.3% Subscription Service Gross Margin $23,831 $33,120 $34,167 $39,510 $39,759 Ad
Slide 15: Non-GAAP Consolidated Gross Margin Percentage Reconciliation
Non-GAAP Consolidated Gross Margin Percentage Reconciliation (in thousands, except percentages) 3 Months Ended Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Consolidated Gross Margin Percentage 41.0% 44.5% 42.9% 46.5% 45.4% Consolidated Gross Margin $32,028 $43,031 $45,007 $48,342 $50,992 Add: Depreciation and amor
Slide 16: Net Income (Loss) to Adjusted EBITDA Reconciliation
Net Income (Loss) to Adjusted EBITDA Reconciliation (in thousands) 3 Months Ended Q2'24 Q2'25 Net income (loss) $54,190 $(21,040) Discontinued operations (77,777) — Net loss from continuing operations (23,587) (21,040) Provision for income taxes 612 944 Interest expense, net 1,630 1,408 Depreciation
Slide 17: Investment Thesis
Investment Thesis 1. Foodservice market ready for disruption • Large TAM in restaurants with ~1m locations in the US spending 2-3% of total revenue on technology (1) • Enterprise foodservice playing “catch-up” in adopting new technology and anticipate this technology spend to ramp • The industry shi
Slide 18: Key Performance Indicators
Key Performance Indicators • Annual Recurring Revenue or "ARR” is the annualized revenue from subscription services, including subscription fees for our SaaS solutions and related software support, managed platform development services, and transaction-based payment processing services. We generally
Slide 19: Thank You!
Thank You! partech.com 19