Slide 1: Q3 2025 Earnings Presentation
Q3 2025 Earnings Presentation November 6, 2025 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 Operator Cloud Engagement Cloud • 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
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 Third Quarter 2025 Highlights partech.com 6
Slide 7: Q3 2025 Highlights
Q3 2025 Highlights 1 17% annualized sequential ARR growth • Strong sequential ARR growth, signaling renewed growth momentum 2 Continued Adjusted EBITDA profitability • Adjusted EBITDA(1) of $5.8 million in Q3 2025, an increase of $3.4 million from Q3 2024 3 Positive operating cash flow • Cash provid
Slide 8: Q3 2025 Revenue Breakout
Q3 2025 Revenue Breakout Revenue by Offering ARR by Subscription Product Line 25.1% Hardware Operator Cloud Subscription Service 40.8% Engagement Cloud Professional Service 59.2% 62.7% 12.2% partech.com 8
Slide 9: Strong Organic & Inorganic ARR Growth
Strong Organic & Inorganic ARR Growth (#039;000,000) Organic ARR Total ARR 15% 22% Y/Y Growth Y/Y Growth 280.5 282.1 286.7 298.4 255.5 263.3 267.6 272.5 244.7 244.7 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Year-over-year metrics are for the quarter ended 9/30/2025 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 31% 16% Y/Y Growth Y/Y Growth 164.9 167.5 176.8 151.8 156.2 116.2 117.2 119.2 121.6 92.9 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Year-over-year metrics are for the quarter ended 9/30/2025 compar
Slide 11: Q3 '25 Financials
Q3 '25 Financials Three Months Ended September 30, Consolidated Highlights (in thousands) 2025 2024 Revenues, net: Subscription service $ 74,763 $ 59,909 • 14% increase in gross margin from Q3 2024 Hardware 29,895 22,650 Professional service 14,525 14,195 Total revenues, net 119,183 96,754 • $3.4 mi
Slide 12: Appendix
Appendix partech.com 12
Slide 13: Net (Loss) Income to Adjusted EBITDA Reconciliation
Net (Loss) Income to Adjusted EBITDA Reconciliation (in thousands) 3 Months Ended Q3'24 Q3'25 Net loss $(19,832) $(18,177) Discontinued operations (832) — Net loss from continuing operations (20,664) (18,177) Provision for (benefit from) income taxes 653 (277) Interest expense, net 3,417 1,465 Depre
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