Sign in

PAR on NYSE

PAR TECHNOLOGY CORP

American calculating and accounting machines company based in New Hartford2

In its 2026 annual report the company says: “We provide enterprise restaurants, franchisees, and other foodservice outlets with operational efficiencies through a data-driven network with integration capabilities from front- and back-of-house to customer fulfillment. Our omnichannel solutions are used in more than 150,000 active restaurants and retail locations across the world. Our solutions integrate with others, yet deliver significant value when used together across our software, hardware, and payments offerings.”6 Its shares trade on NYSE under the symbol PAR.2

$17.09 up 1.27 (8.06%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 21, 2026.

Overview

Compare with USA Technologies Inc., NCR Corporation or Diebold Nixdorf, or pick any stock.

  • TickerPAR on NYSE2
  • IndustryCalculating & Accounting Machines (No Electronic Computers)2
  • HeadquartersNew Hartford, United States2
  • Incorporated inDE4
  • Business addressPar Technology Park, 8383 Seneca Turnpike, New Hartford, Ny 134134
  • Filer categoryLarge accelerated filer4
  • Legal formCorporation2
  • LEI549300HYPTHBJQINVG572
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 22950902

See how the biggest companies compare on our leaderboards

PAR is a leading foodservice technology company providing omnichannel cloud-based software and hardware solutions to the restaurant industry in three major restaurant categories – quick service, fast casual, and table service – and to the retail industry, including convenience and fuel retailers (C-Stores). Our product and service offerings include point-of-sale, customer engagement and loyalty, digital ordering and delivery, operational intelligence, payment processing, hardware, and related technologies, solutions, and services. We provide enterprise restaurants, franchisees, and other foodservice outlets with operational efficiencies through a data-driven network with integration capabilities from front- and back-of-house to customer fulfillment. Our omnichannel solutions are used in more than 150,000 active restaurants and retail locations across the world.6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

43.5%Gross margin7
-15.1%Operating margin7
-18.5%Net margin7
30.2%Revenue growth, 20257
-10.2%Return on equity7
0.45×Debt to equity7
-$30.5MFree cash flow7

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue57¢$257.5M
  • Research and development18¢$81.8M
  • Other costs25¢$113.3M
  • Income tax1¢$2.9M

Out of $455.5M in revenue.7 The company lost money this year.

Financial statements

Revenue8910117$455.5M in 2025+143% since 2019
0$200.0M$400.0M$600.0M2019: $187.2M$187.2M20192020: $213.8M$213.8M2020+14%2021: $282.9M$282.9M2021+32%2022: $262.3M$262.3M2022−7%2023: $276.7M$276.7M2023+5%2024: $350.0M$350.0M2024+26%2025: $455.5M$455.5M2025+30%
Gross profit8910117$198.0M in 2025+429% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $37.4M$37.4M20192020: $39.3M$39.3M2020+5%2021: $62.1M$62.1M2021+58%2022: $81.7M$81.7M2022+32%2023: $89.4M$89.4M2023+9%2024: $146.1M$146.1M2024+63%2025: $198.0M$198.0M2025+36%
Operating income8910117-$68.8M in 2025+385% since 2019
-$80.0M-$60.0M-$40.0M-$20.0M02019: -$14.2M-$14.2M20192020: -$23.9M-$23.9M2020+69%2021: -$53.9M-$53.9M2021+125%2022: -$69.1M-$69.1M2022+28%2023: -$71.7M-$71.7M2023+4%2024: -$79.1M-$79.1M2024+10%2025: -$68.8M-$68.8M2025−13%
Net income8910117-$84.5M in 2025+442% since 2019
-$100.0M-$75.0M-$50.0M-$25.0M02019: -$15.6M-$15.6M20192020: -$36.6M-$36.6M2020+135%2021: -$75.8M-$75.8M2021+107%2022: -$69.3M-$69.3M2022−9%2023: -$69.8M-$69.8M2023+1%2024: -$5.0M-$5.0M2024−93%2025: -$84.5M-$84.5M2025+1594%
Fiscal year2019202020212022202320242025
Revenue$187.2M8$213.8M9$282.9M10$262.3M11$276.7M7$350.0M7$455.5M7
Cost of revenue$149.8M8$174.5M9$220.8M10$180.6M11$187.3M7$203.9M7$257.5M7
Gross profit$37.4M8$39.3M9$62.1M10$81.7M11$89.4M7$146.1M7$198.0M7
Research and development$13.4M8$19.3M9$34.6M10$48.6M11$58.4M7$67.3M7$81.8M7
Selling, general and admin$38.1M8$46.2M9$84.0M9$101.2M9
Operating expenses$116.0M10$150.8M11$161.2M7$225.2M7$266.8M7
Operating income-$14.2M8-$23.9M9-$53.9M10-$69.1M11-$71.7M7-$79.1M7-$68.8M7
Interest
Income before tax-$85.2M10-$78.9M11-$79.8M7-$94.7M7-$81.7M7
Income tax-$3.6M8-$3.0M9-$9.4M10$1.1M11$1.8M7-$4.8M7$2.9M7
Net income-$15.6M8-$36.6M9-$75.8M10-$69.3M11-$69.8M7-$5.0M7-$84.5M7
Earnings per share-$0.968-$1.929-$3.0210-$2.5511-$2.537-$0.147-$2.097
Earnings per share (diluted)-$0.968-$1.929-$3.0210-$2.5511-$2.537-$0.147-$2.097
Shares (weighted, basic)25.1M shares1027.2M shares1127.6M shares734.2M shares740.5M shares7
Shares (weighted, diluted)25.1M shares1027.2M shares1127.6M shares734.2M shares740.5M shares7

Compare PAR TECHNOLOGY CORP with another company

Corporate structure

PAR TECHNOLOGY CORP sits at the top of its group. 5 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of PAR TECHNOLOGY CORP

  • PAR TECHNOLOGY CORP New Hartford, New York, United States
    • ParTech, Inc. Subsidiary · New York, United States
    • Punchh Inc. Subsidiary · Delaware, United States
    • Stuzo, LLC Subsidiary · Delaware, United States
    • TASK Group Holdings Ltd. Subsidiary · Australia

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What PAR TECHNOLOGY CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$50.4M7 Dec 31, 2025$48.7M7 Dec 31, 2024+3.4%
Accumulated depreciation$37.1M7 Dec 31, 2025$34.6M7 Dec 31, 2024+7.2%
Property and equipment, net$13.3M7 Dec 31, 2025$14.1M7 Dec 31, 2024−5.8%
Operating-lease assets (leased space)$8.2M7 Dec 31, 2025$8.2M7 Dec 31, 2024−0.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$79.6M7 Dec 31, 2025$108.1M7 Dec 31, 2024−26.4%
Marketable securities, current$579.0K7 Dec 31, 2025$524.0K7 Dec 31, 2024+10.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$898.0M7 Dec 31, 2025$887.5M7 Dec 31, 2024+1.2%
Intangible assets, net (excluding goodwill)$203.4M7 Dec 31, 2025$237.3M7 Dec 31, 2024−14.3%
Finite-lived intangibles, gross$356.6M7 Dec 31, 2025$350.3M7 Dec 31, 2024+1.8%
Finite-lived intangibles, net$191.1M7 Dec 31, 2025$224.8M7 Dec 31, 2024−15.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$27.4M7 Dec 31, 2025$21.9M7 Dec 31, 2024+25.5%
Work in process$242.0K7 Dec 31, 2025$208.0K7 Dec 31, 2024+16.3%
Finished goods$18.1M7 Dec 31, 2025$13.7M7 Dec 31, 2024+32.4%

Properties, in its own words

Our principal executive offices are located in 208,700 square feet of owned office space at 8383 Seneca Turnpike, New Hartford, New York, from which we operate out of 180,900 square feet and lease the remaining space to third parties. We also use this space to assemble certain of our hardware products and for research and development, sales, and professional services. In addition to this principal property, we have leasehold interests in small office spaces located in Australia, New Zealand, Japan, Poland, Canada, India, United Arab Emirates, England, Switzerland, Serbia, and other locations within the U.S. We are currently operating in a substantially remote work environment and believe our current facilities are adequate for our present needs. If and when our property needs change, we believe the capacity of our current facilities and ability to obtain suitable additional facilities on commercially reasonable terms will satisfy our business requirements.

Item 2 of the 10-K filed Feb 26, 2026.6

Leadership

Who has led PAR TECHNOLOGY CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John W. Sammon Jr.2008–2011
  2. Paul B. Domorski2011–2012
  3. Ronald J. Casciano2013–2015
  4. Karen E. Sammon2016
  5. Donald H. Foley2017–2018
  6. Savneet Singh2019–now

Chair

  1. John W. Sammon Jr.2008–2011
  2. Paul B. Domorski2011

President

  1. Gregory T. Cortese2006–2007
  2. A. Edwin Soladay2009
  3. Paul B. Domorski2011–2012
  4. Karen E. Sammon2013–2017
  5. Ronald J. Casciano2013–2015
  6. Matthew R. Cicchinelli2016–2021
  7. Donald H. Foley2017–2018
  8. Savneet Singh2019–2026
  9. Oliver Ostertag2026–now

Chief financial officer

  1. Ronald J. Casciano2008–2012
  2. Michael S. Bartusek2015
  3. Bryan A. Menar2017–now

Chief operating officer

  1. Robert Phelps Jerabeck2013–2014
2010201520202025
Board members and other officers (27)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • ParTech, Inc. New York, U.S.5
  • Punchh Inc. Delaware, U.S.5
  • Stuzo, LLC Delaware, U.S.5
  • TASK Group Holdings Ltd. Australia5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 6, 20268-K Results of operations; Regulation FD disclosure55
  2. Jun 3, 20268-K Executive or director change; Shareholder vote56
  3. May 7, 20268-K Results of operations; Regulation FD disclosure57
  4. Apr 15, 20268-K Entered a material agreement58
  5. Mar 24, 20268-K Unregistered sale of shares59
  6. Mar 17, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares60
  7. Feb 26, 20268-K Results of operations; Regulation FD disclosure; Other events61
  8. Jan 26, 20268-K Unregistered sale of shares; Regulation FD disclosure62
  9. Jan 15, 20268-K Entered a material agreement; Unregistered sale of shares63
  10. Nov 6, 20258-K Results of operations; Regulation FD disclosure64
  11. Aug 8, 20258-K Results of operations; Regulation FD disclosure65
  12. Jun 3, 20258-K Change to shareholders' rights; Bylaws or fiscal year changed; Shareholder vote66
  13. Mar 29, 2019New chief executive Savneet Singh becomes CEO15
  14. May 19, 2017New chief executive Donald H. Foley becomes CEO16
  15. May 9, 2016New chief executive Karen E. Sammon becomes CEO17
  16. Jun 21, 2013New chief executive Ronald J. Casciano becomes CEO18
  17. Apr 25, 2011New chief executive Paul B. Domorski becomes CEO19
  18. Mar 17, 2008New chief executive John W. Sammon Jr. becomes CEO20

Calendar

Coming up

  1. Nov 5, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.13) a share, on Nov 6, 2025.67

When it reported results

  1. Aug 6, 2026Reported quarterly or annual results55
  2. May 7, 2026Reported quarterly or annual results57
  3. Feb 26, 2026Reported quarterly or annual results61
  4. Nov 6, 2025Reported quarterly or annual results64
  5. Aug 8, 2025Reported quarterly or annual results65
  6. May 9, 2025Reported quarterly or annual results68
  7. Feb 28, 2025Reported quarterly or annual results69
  8. Nov 8, 2024Reported quarterly or annual results70

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

302 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 51 major events, 126 insider forms, 56 large holders, 48 other. The latest 20:

  1. Sep 8, 20264 EDGAR
  2. Aug 18, 20264 EDGAR
  3. Aug 14, 2026144 EDGAR
  4. Aug 14, 2026SCHEDULE 13G/A EDGAR
  5. Aug 13, 20264 EDGAR
  6. Aug 6, 202610-Q EDGAR
  7. Aug 6, 20268-K EDGAR
  8. Aug 6, 2026SCHEDULE 13G/A EDGAR
  9. Jul 31, 2026SCHEDULE 13G EDGAR
  10. Jul 29, 2026SCHEDULE 13G/A EDGAR
  11. Jun 15, 20264 PRIMARY DOCUMENT EDGAR
  12. Jun 15, 20264 EDGAR
  13. Jun 11, 2026S-8 EDGAR
  14. Jun 10, 20264 EDGAR
  15. Jun 10, 20264 EDGAR
  16. Jun 10, 20264 EDGAR
  17. Jun 10, 20264 EDGAR
  18. Jun 10, 20264 EDGAR
  19. Jun 10, 20264 EDGAR
  20. Jun 4, 20264 EDGAR

The 302 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

40 open-market trades by officers, directors and large owners since October 2021: 17 buys and 23 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 8, 2026Codner Elizabeth MChief Human Resources OfficerSale653$19.29$12.6KForm 4
Aug 14, 2026Ostertag OliverPresident, Growth & AISale11,829$18.75$221.8KForm 4
Aug 12, 2026Singh NarinderDirectorBuy11,518$17.36$199.9KForm 4
Jun 12, 2026Voss Value-Oriented Special Situations Fund, LP10% ownerBuy156,249$14.85$2.3MForm 4
Jun 12, 2026Pascal KeithDirectorBuy13,000$15.16$197.1KForm 4
Jun 11, 2026Voss Value-Oriented Special Situations Fund, LP10% ownerBuy193,751$14.15$2.7MForm 4
Jun 3, 2026STEENBERGE MICHAEL ANTHONYSVP Finance & TransformationSale498$14.20$7.1KForm 4
Jun 2, 2026KING CATHY ACLO & Corporate SecretarySale20,000$15.38$307.6KForm 4
May 15, 2026Voss Value-Oriented Special Situations Fund, LP10% ownerBuy125,000$14.62$1.8MForm 4
May 14, 2026Voss Value-Oriented Special Situations Fund, LP10% ownerBuy594,900$14.59$8.7MForm 4
Mar 4, 2026STEENBERGE MICHAEL ANTHONYSVP Finance & TransformationSale582$18.27$10.6KForm 4
Mar 4, 2026KING CATHY ACLO & Corporate SecretarySale1,517$18.27$27.7KForm 4
Mar 4, 2026Singh SavneetCEO & PresidentSale14,310$18.27$261.4KForm 4
Mar 4, 2026MENAR BRYAN AChief Financial OfficerSale1,636$18.27$29.9KForm 4
Mar 3, 2026STEENBERGE MICHAEL ANTHONYSVP Finance & TransformationSale2,342$17.49$41.0KForm 4
Mar 3, 2026KING CATHY ACLO & Corporate SecretarySale6,109$17.49$106.8KForm 4
Mar 3, 2026Singh SavneetCEO & PresidentSale57,605$17.49$1.0MForm 4
Mar 3, 2026MENAR BRYAN AChief Financial OfficerSale6,588$17.49$115.2KForm 4
Feb 4, 2026Voss Value-Oriented Special Situations Fund, LP10% ownerBuy65,100$22.44$1.5MForm 4
Feb 3, 2026Voss Value-Oriented Special Situations Fund, LP10% ownerBuy182,862$22.89$4.2MForm 4

All 40 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Savneet SinghCEO and President42$645.0K$14.2M86
2025Bryan A. MenarChief Financial Officer50$432.6K$2.2M86
2025Cathy A. KingChief Legal Officer and Corporate Secretary63$432.6K$2.2M86
2024Savneet SinghCEO and President42$620.0K$15.4M86
2024Bryan A. MenarChief Financial Officer50$416.0K$1.8M86
2024Cathy A. KingChief Legal Officer and Corporate Secretary63$416.0K$1.5M86
2023Savneet SinghCEO and President42$620.0K$9.7M86
2023Bryan A. MenarChief Financial Officer50$412.9K$1.2M86
2023Cathy A. KingChief Legal Officer and Corporate Secretary63$412.9K$1.2M86

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Voss Capital, LP5,925,000$103.2M5.2%+1,044,900
BlackRock, Inc.4,050,665$70.6M0.0%+570,521
Newtyn Management, LLC2,418,754$42.1M5.3%−313,942
Progeny 3, Inc.2,124,058$37.0M1.9%−46,750
Vanguard Capital Management LLC1,769,498$30.8M0.0%−18,154
Marshall Wace, Llp1,526,600$26.6M0.0%−215,507
Vanguard Portfolio Management LLC1,192,546$20.8M0.0%−38,654
State Street Corp1,189,517$20.7M0.0%+124,477
Geode Capital Management, LLC1,065,952$18.6M0.0%+96,523
Capital Research Global Investors1,027,788$17.9M0.0%−447,480
Balyasny Asset Management L.P.966,159$16.8M0.0%+139,819
Goldman Sachs Group Inc953,267$16.6M0.0%−955,469
Federated Hermes, Inc.888,208$15.5M0.0%+83,795
Brooktree Capital Management873,990$15.2M9.9%+11,599
Greenhaven Road Investment Management, L.P.817,888$14.2M9.2%+7,444
Samjo Management, LLC816,505$14.2M4.9%+508,520
PenderFund Capital Management Ltd.812,462$14.2M6.4%No change
Fmr LLC745,236$13.0M0.0%−1,386,613
D. E. Shaw & Co., Inc.745,016$13.0M0.0%+218,421
Bandera Partners LLC700,000$12.2M4.3%No change
Jane Street Group, LLC677,452$11.8M0.0%+326,310
ADW Capital Management, LLC609,429$10.6M3.9%+12,200
Morgan Stanley549,502$9.6M0.0%−1,323
Segall Bryant & Hamill, LLC524,624$9.1M0.1%+203,675
Buckley Capital Advisors, LLC514,659$9.0M5.6%New

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

5 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Feb 18, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseSale$1,001 - $15,000+32.5%Report
Apr 17, 2025Josh GottheimerDemocratic, HouseSale$1,001 - $15,000+115.9%Report
Mar 13, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−110.5%Report
Jan 22, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−103.2%Report
Jan 17, 2025Josh GottheimerDemocratic, HouseBuy$1,001 - $15,000−105.5%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How PAR TECHNOLOGY CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPAR TECHNOLOGY CORP1
  • CIK0000708821
  • Employer ID (EIN)16-14346886
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
  • Incorporated inDelaware6
  • Fiscal year endsDecember 311
  • Industry code (SIC)3578 Calculating & Accounting Machines (No Electronic Computers)1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business addressPar Technology Park, 8383 Seneca Turnpike, New Hartford, NY 134131
  • Mailing address8383 Seneca Turnpike, New Hartford, NY 134131
  • Phone31573806001
  • Shares outstanding41,362,708 as of Aug 4, 202613
  • Public float$2.8B as of Jun 30, 20256
  • AuditorDeloitte & Touche LLP, Rochester, New York PCAOB ID 34; it also attests to the company’s internal control over financial reporting6
  • On EDGAR sinceApr 12, 19951
  • Filings1,326 in all: 4 (518), 8-K (227), 10-Q (95), SC 13G/A (73), SC 13G (58), 3 (34), DEF 14A (32), 10-K (31)1
    All 46 form types

    4/A (24), CORRESP (22), UPLOAD (19), ARS (18), SCHEDULE 13G/A (18), 144 (16), DEFA14A (13), SD (13), 5 (12), S-8 (12), PRE 14A (8), S-3ASR (8), 424B3 (7), 8-K/A (7), 424B5 (6), S-3 (6), 10-K/A (5), EFFECT (5), SCHEDULE 13G (5), CT ORDER (3), NT 10-K (3), S-2/A (3), SCHEDULE 13D/A (3), 10-Q/A (2), 3/A (2), NT 10-Q (2), POSASR (2), S-3/A (2), SC 13D (2), SC 13D/A (2), 305B2 (1), 424B1 (1), 424B4 (1), FWP (1), POS AM (1), REGDEX (1), S-2 (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Apr 16, 2026
    Latest 8-K (8-K) Aug 6, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.02 par valuePARNew York Stock Exchange

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).6

Risk factors and legal proceedings

The risks PAR TECHNOLOGY CORP names in Item 1A of its 10-K filed Feb 26, 2026: 30 risks under these headings, as written.6

  • Risks Related to Our Business and Operations
  • We face extensive competition in our markets, and our failure to compete effectively could result in decreased demand for our products and services and/or price reductions, which could materially and adversely affect our ability to achieve and sustain profitability and harm our business, financial condition, and results of operations.
  • Our failure to meet service level commitments or milestones under customer contracts may result in our customer contracts being less profitable, and expose us to liability and reputational harm.
  • We rely on third-party cloud and network infrastructure providers to deliver our subscription services, and any interruptions or delays in their services could harm our reputation and business.
  • Our products might experience coding, configuration, or manufacturing errors, which could damage our reputation, deter current and potential customers from purchasing our products and materially and adversely affect our business, financial conditions, results of operations, and cash flows.
  • Macroeconomic conditions and geopolitical events could have a material adverse effect on our business, financial condition, results of operations, and cash flows.
  • Issues with product and component availability or supplier performance may affect our ability to assemble, repair, and deliver our hardware products and perform related services, which could have a material adverse effect on our business, financial condition, and results of operations.
  • If we are unable to recruit, develop, and retain skilled employees, our business, financial condition, and results of operations may be materially and adversely harmed.
  • Acquisitions are an element of our growth strategy, which subjects us to risks commonly associated with acquisition transactions, which could materially and adversely affect our business, financial condition, results of operations, and cash flows.
  • Our international operations subject us to local laws and regulatory regimes, geopolitical or economic changes or events, uncertainties, and other factors that could harm our business, financial condition, and results of operations.
  • Natural disasters, pandemics, or other natural or manmade disasters or outbreaks could negatively impact our business and operations.
  • Risks Related to Cyber Security, Data Privacy, and Intellectual Property
The other 20 risks
  • Our cloud applications and information technology systems or those of our service providers could be subject to cyberattacks or other security incidents, which could result in operational disruptions, costly governmental investigations or litigation and other adverse consequences that could have a material adverse effect on our business, financial condition, results of operations and cash flows.
  • Security defects and vulnerabilities in our cloud applications and information technology systems or those of our service providers, integrators, and customers could result in claims of liability against us, damage our reputation, or otherwise materially harm our business, financial condition, results of operations, and cash flows.
  • Our failure to comply with data privacy or data protection laws and regulations could subject us to significant penalties and legal liability, harm our reputation or otherwise materially harm our business, financial condition, results of operations, and cash flows.
  • Assertions by third parties of infringement or other violations by us of their intellectual property rights could result in significant costs and materially and adversely harm our business, financial conditions, results of operations and cash flows.
  • There are risks related to our information technology systems, which could have a material adverse effect on our business, financial condition, results of operations, and cash flows.
  • Our use of AI could have a material adverse effect on our business, financial condition, and results of operations.
  • Financial Related Risks
  • We may not be able to achieve and sustain profitability, which could have a material adverse effect on our financial condition and the trading price of our common stock.
  • For the year ended December 31, 2025, one customer accounts for a significant portion of our revenues. The loss of this customer's purchase of hardware, subscription services, and professional services, or a significant reduction, delay, or cancellation of purchases of hardware, subscription services, and professional services by this customer, could materially and adversely affect our business, results of operations, and cash flows.
  • We may not have sufficient cash flow from our operating subsidiaries to pay our debt, which may seriously harm our business.
  • A conversion of the Senior Notes, or a fundamental change under the Senior Notes, if triggered, may materially and adversely affect our financial condition and results of operations.
  • We make estimates and assumptions in connection with the preparation of our financial statements, and any changes to those estimates and assumptions could adversely affect our results of operations, cash flows and financial condition.
  • A portion of our total assets consists of goodwill and identifiable intangible assets, which are subject to a periodic impairment analysis. A significant impairment determination in any future period could have an adverse effect on our financial condition and results of operations, even without a significant loss of revenue or increase in cash expenses attributable to such period.
  • Ineffective internal controls could have a material adverse effect on our business, financial conditions, and results of operations.
  • Our financial results may be impacted by changes in tax law or changes in our tax position.
  • Risks Related to the Ownership of our Common Stock
  • We have not paid dividends in the past and we do not anticipate paying dividends in the foreseeable future.
  • Future sales of our common stock or other securities could depress the price of our common stock and could result in dilution to our shareholders.
  • Our evaluation or completion of strategic transactions may negatively impact our business and stock price.
  • The trading price and volume of our common stock has experienced, and may continue to experience, volatility, which could result in losses for our shareholders.
  • Our bylaws designate the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our shareholders, and the federal district courts as the exclusive forum for Securities Act claims, which could limit our shareholders’ ability to obtain what some shareholders believe to be a favorable judicial forum for disputes with us or our directors, officers, other employees, or agents.
  • Certain provisions of our certificate of incorporation and bylaws and Delaware law may discourage a takeover of our company.

Legal proceedings

The information set forth in "Note 14 – Commitments and Contingencies" of the notes to consolidated financial statements in "Part II, Item 8. Financial Statements and Supplementary Data" of this Annual Report is incorporated herein by reference. We do not believe that we have any pending litigation that would have a material adverse effect on our financial condition or results of operations.

The opening of Item 3, Legal Proceedings.6

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
    Yahoo FinancePAR quote
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79
  80. 80
  81. 81
  82. 82
  83. 83
  84. 84
  85. 85
  86. 86