PAR · 10-K filed 26 Feb 2026 · year to 31 Dec 2025

PAR Technology

21 named things its latest annual report says its results depend on, each in the company's own words. 15 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

McDonald's Corporation

earns from · 21% of our total revenue in 2025named as a risk

McDonald's Corporation accounted for 21% of our total revenue in 2025.Business (Item 1)

Yum! Brands

earns from

We have longstanding relationships with several of the largest brands in the restaurant space, including as an approved provider of restaurant technology solutions and related support to McDonald's Corporation and its franchisees since 1980, to Yum! Brands since 1983, and to Dairy Queen since 2018.Business (Item 1)

Also named by BRK/B

Dairy Queen

earns from

Partners and platforms

Third-party cloud infrastructure providers

depends onnamed as a risk

Our ability to deliver our subscription services in a timely, secure, and reliable manner to our customers depends on the protection of the information we store with our third-party cloud providers, as well as the maintenance of third-party network infrastructures.Risk factors (Item 1A)

Also named by NTAP, PTC

Other companies

Convertible Senior Notes (2026, 2027, 2030)

$20.0 million, $265.0 million, and $115.0 millionnamed as a risk

As of December 31, 2025, we had $20.0 million, $265.0 million, and $115.0 million in aggregate principal amount outstanding on the 2026 Notes, the 2027 Notes, and the 2030 Notes, respectively.Market risk (Item 7A)

Also named by AKAM, STWD

AI data center construction demand

exposed to its pricenamed as a risk

Furthermore, certain of our suppliers have and may continue to limit the allocation of hardware products and components to us and could decide to discontinue business with us (including as a result of increased demand from AI data center construction around the world), which could result in our inability to fill our supply needs, jeopardizing our ability to fulfill our contractual obligations, which could in turn, result in a decrease in sales and cash flows, contract penalties or terminations, and damage to customer relationships and our reputation.Risk factors (Item 1A)

Places

International (non-U.S.) sales

earns from · 16.9%named as a risk

For the years ended December 31, 2025, 2024, and 2023, 16.9%, 12.5%, and 8.5%, respectively, of our total consolidated revenues were derived from sales outside of the United States.Risk factors (Item 1A)

Also named by AEHR, AMD, AME, ATI, AVAV, CRS, ENTG, FSS and 5 more

China

depends onnamed as a risk

Most of our suppliers of hardware products and components are located internationally, including in South Korea, China, and Taiwan, and are susceptible to hostilities in those regions and tariffs and other restrictions on trade between the United States and countries where our hardware products and components are sourced, which could increase the cost or restrict the availability of hardware products and components to us that we may not be able to offset or cover from another source.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Taiwan

depends onnamed as a risk

Also named by AAOI, AAPL, AB, ADI, AEHR, ALAB, AMAT, AMD and 50 more

India

operates innamed as a risk

In addition, our international employees, including our employees located in India, Canada, New Zealand, Australia, and Serbia, and third-party consultants, including consultants located in the Philippines, Ukraine, Poland, and Nicaragua, provide software development and support services.Risk factors (Item 1A)

Also named by A, AAPL, ACN, AJG, AKAM, AMZN, AOS, AVGO and 54 more

South Korea

depends onnamed as a risk

Also named by AAPL, ALAB, AMAT, BE, BWA, CPNG, CROX, ENTG and 11 more

Ukraine

depends onnamed as a risk

Also named by C, CL, DKNG, JLL, LKQ, LSTR, MDLZ, MSFT and 4 more

New Hartford, New York

operates in

We offer depot repair, warranty, and overnight Advanced Exchange services from our office in Mississauga, Ontario and our corporate headquarters in New Hartford, New York.Business (Item 1)

Commodities and inputs

Hardware products and components

exposed to its pricenamed as a risk

Further, in some instances, we are dependent on single-source suppliers for our hardware products, which may subject us to other significant risks, including inadequate inventory, higher prices, and reduced control over delivery schedules.Risk factors (Item 1A)

Laws and programs

General Data Protection Regulation (GDPR)

subject tonamed as a risk

The GDPR and the UK GDPR impose substantial fines for breaches of data protection requirements, which can be up to four percent of annual worldwide revenues or 20 million Euros, whichever is greater.Risk factors (Item 1A)

Also named by A, AB, ABNB, ADBE, ADP, AGX, AIOT, AJG and 100 more

California Consumer Privacy Act (CCPA)

subject tonamed as a risk

Various state data privacy and data protection laws, including the California Consumer Privacy Act ("CCPA"), as amended by the California Privacy Rights Act ("CPRA"), the Illinois Biometric Information Privacy Act ("BIPA"), the Virginia Consumer Data Protection Act, the Colorado Privacy Act, the Utah Consumer Privacy Act, Connecticut’s Act Concerning Personal Information Privacy and Online Monitoring, the New York SHIELD Act, and the regulations implementing these laws, establish data privacy rights to their respective residents (including in California, where residents have a private right of action for violations of the CCPA and CPRA) and regulate how we may collect, use, process and store personal data.Risk factors (Item 1A)

Also named by AAP, AIOT, AKAM, ALL, APP, AYI, BAC, BBSI and 69 more

EU AI Act

subject tonamed as a risk

compliance with the EU AI Act and similar laws and regulations of other foreign jurisdictions governing the development, adoption, and use of AI, which could result in significant additional costs or result in fines or other penalties for failing to comply;Risk factors (Item 1A)

Also named by ACN, ADBE, AMD, AXON, CGNX, CRM, CRWD, CTSH and 36 more

U.S. tariffs and trade restrictions

subject tonamed as a risk

changes in U.S. and foreign trade policies, including new or increased tariffs, potential sanctions and counter-sanctions, particularly with or involving China, South Korea, and Taiwan, could result in increased costs.Risk factors (Item 1A)

Also named by CDW, DELL, EWBC, ILMN, TMUS, TSN

Illinois Biometric Information Privacy Act (BIPA)

subject tonamed as a risk

Also named by CART, IOT, MSI, PAYC

Colorado AI Act

subject tonamed as a risk

The legal and regulatory landscape surrounding AI technologies is rapidly evolving and uncertain, with jurisdictions around the world applying, or considering applying, laws and regulations related to intellectual property, cybersecurity, export controls, privacy, data security, and data protection to AI, or general legal frameworks on AI, such as the Colorado AI Act, which goes into effect in June 2026, or the EU AI Act, parts of which went into effect in 2025.Risk factors (Item 1A)

Payment Card Industry Data Security Standard (PCI DSS)

subject to

We also engage third-party independent auditors to attest to the implementation and operational effectiveness of security controls implemented within our product and service environments in scope for Payment Card Industry Data Security Standard ("PCI DSS") and American Institute of Certified Public Accountants ("AICPA") System and Organization Controls ("SOC") as well as financial systems in scope for Sarbanes-Oxley information technology general controls.Cybersecurity (Item 1C)

Also named by ABNB, AZO, BJ, BKNG, CASH, CASY, COST, DOV and 20 more