Slide 1: Q4 2025 Earnings Presentation
Q4 2025 Earnings Presentation February 26, 2026 NYSE: PAR partech.com
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 solutions • Restructured PAR, new team, • Acquired loyalty provider P
Slide 4: Building a Unified Experience
Building a Unified Experience • 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 customer experi
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 Fourth Quarter 2025 Highlights partech.com 6
Slide 7: Q4 2025 Highlights
Q4 2025 Highlights 1 $17 million sequential ARR growth • Strong sequential ARR growth, signaling renewed growth momentum 2 15% organic ARR growth • Consistent delivery on strong organic ARR growth year-over-year 3 Continued Adjusted EBITDA profitability • Adjusted EBITDA(1) of $7.0 million in Q4 202
Slide 8: Q4 2025 Revenue Breakout
Q4 2025 Revenue Breakout partech.com 8
Slide 9: Strong Organic & Inorganic ARR Growth
Strong Organic & Inorganic ARR Growth (#039;000,000) Organic ARR Total ARR 15% 16% Y/Y Growth Y/Y Growth Year-over-year metrics are for the quarter ended 12/31/2025 compared to the quarter ended 12/31/2024. Please see Appendix — Key Performance Indicators for more information on ARR. The charts above p
Slide 10: Resilient ARR Growth Across Product Lines
Resilient ARR Growth Across Product Lines (#039;000,000) Operator Cloud Engagement Cloud 12% 19% Y/Y Growth Y/Y Growth Year-over-year metrics are for the quarter ended 12/31/2025 compared to the quarter ended 12/31/2024. Please see Appendix — Key Performance Indicators for more information on ARR. The
Slide 11: Q4 '25 Financials
Q4 '25 Financials Three Months Ended December 31, Consolidated Highlights (in thousands) 2025 2024 Revenues, net: Subscription service $ 76,094 $ 64,262 • 10% increase in gross margin from Q4 2024 Hardware 27,808 26,048 Professional service 16,199 14,695 Total revenues, net 120,101 105,005 • $1.3 mi
Slide 12: Appendix
Appendix partech.com 12
Slide 13: Net Loss to Adjusted EBITDA Reconciliation
Net Loss to Adjusted EBITDA Reconciliation (in thousands) 3 Months Ended Q4'24 Q4'25 Net loss $(21,057) $(20,894) Discontinued operations (4,236) — Net loss from continuing operations (25,293) (20,894) Provision for income taxes 1,752 975 Interest expense, net 3,412 1,548 Depreciation and amortizati
Slide 14: 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 15: 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 16: Thank You!
Thank You! partech.com 16