Slide 1: Q1 '25 Earnings Presentation
Q1 ‘25 Earnings Presentation May 9, 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 First Quarter 2025 Highlights partech.com 6
Slide 7: Q1 2025 Highlights
Q1 2025 Highlights 1 18% organic ARR growth • Consistent delivery on strong organic ARR growth 2 Driving margin expansion • Non-GAAP subscription service gross margin percentage(1) improved to 69.1% in Q1 2025 from 65.7% in Q1 2024 3 Continued Adjusted EBITDA profitability • Adjusted EBITDA(2) of $4
Slide 8: Q1 2025 Revenue Breakout
Q1 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 18% 52% Y/Y Growth Y/Y Growth Year-over-year metrics are for the quarter ended 3/31/2025 compared to the quarter ended 3/31/2024. Please see Appendix — Key Performance Indicators for more information on ARR. partech.com 9 The To
Slide 10: Resilient ARR Growth Across Product Lines
Resilient ARR Growth Across Product Lines (#039;000,000) Operator Cloud Engagement Cloud 49% 54% Y/Y Growth Y/Y Growth Year-over-year metrics are for the quarter ended 3/31/2025 compared to the quarter ended 3/31/2024. Please see Appendix — Key Performance Indicators for more information on ARR. partec
Slide 11: Driving Margin Expansion
Driving Margin Expansion Non-GAAP Subscription Service Non-GAAP Consolidated Gross Gross Margin Percentage(1) Margin Percentage(2) 340 Basis Point Y/Y 860 Basis Point Y/Y Margin Expansion Margin Expansion 1. Non-GAAP Subscription Service Gross Margin percentage is a Non-GAAP financial measure. Pleas
Slide 12: Q1 '25 Financials
Q1 '25 Financials Three Months Ended March 31, Consolidated Highlights (in thousands) 2025 2024 Revenues, net: Subscription service $ 68,410 $ 38,379 • 86% increase in gross margin from Q1 2024 Hardware 21,843 18,226 Professional service 13,606 13,468 Total revenues, net 103,859 70,073 • $14.7 milli
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 3 Months Ended Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Subscription Service Gross Margin Percentage 51.6% 53.1% 55.3% 53.2% 57.8% Add: Depreciation and amortization 13.9% 13.1% 11.4% 11.3% 11.1% Add: Stock-based compensation 0.1% 0.2% 0.1% 0
Slide 15: Non-GAAP Consolidated Gross Margin Percentage Reconciliation
Non-GAAP Consolidated Gross Margin Percentage Reconciliation 3 Months Ended Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Consolidated Gross Margin Percentage 37.2% 41.0% 44.5% 42.9% 46.5% Add: Depreciation and amortization 7.9% 7.6% 7.1% 7.0% 7.4% Add: Stock-based compensation 0.2% 0.4% 0.2% 0.1% 0.3% Add: Severan
Slide 16: Net Loss to Adjusted EBITDA Reconciliation
Net Loss to Adjusted EBITDA Reconciliation (in thousands) 3 Months Ended Q1'24 Q1'25 Net loss $(18,288) $(24,350) Discontinued operations (2,078) (197) Net loss from continuing operations (20,366) (24,547) Provision for (benefit from) income taxes (7,785) 1,281 Interest expense, net 1,708 1,634 Depr
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