NDLS · Noodles & Co - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $123.79M | - | $122.09M | $126.43M | $123.79M | - | $122.75M | $127.35M | $121.39M | $127.85M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $12.51M | - | $12.27M | $12.40M | $12.81M | - | $12.89M | $13.57M | $13.04M | $11.86M |
| Total Operating Expenses | $124.60M | - | $128.41M | $141.21M | $130.18M | - | $127.55M | $138.87M | $125.49M | $125.82M |
| D&A | $5.98M | - | $6.60M | $7.14M | $7.09M | - | $7.25M | $7.37M | $7.37M | $6.63M |
| Operating Income | ($812.0K) | - | ($6.32M) | ($14.78M) | ($6.39M) | - | ($4.80M) | ($11.52M) | ($4.10M) | $2.03M |
| Interest Expense | $2.60M | - | $2.08M | $2.75M | $1.98M | - | $2.08M | $2.00M | $1.98M | $1.19M |
| Income Tax | $7.0K | - | $5.0K | $21.0K | $23.0K | - | ($127.0K) | $110.0K | $65.0K | $148.0K |
| Net Income | ($3.42M) | - | ($9.15M) | ($17.55M) | ($9.06M) | - | ($6.75M) | ($13.63M) | ($6.14M) | $700.0K |
| EPS - Basic | ($0.58) | - | ($1.60) | ($3.04) | ($1.60) | - | ($1.20) | ($2.40) | ($1.12) | $0.16 |
| EPS - Diluted | ($0.58) | - | ($1.60) | ($3.04) | ($1.60) | - | ($1.20) | ($2.40) | ($1.12) | $0.16 |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.44M | $1.26M | $4.69M | $2.26M | $1.40M | $1.15M | $3.31M | $1.81M | $1.33M | $2.53M |
| Accounts Receivable | $4.29M | $4.06M | $4.11M | $3.77M | $4.11M | $4.06M | $4.13M | $3.96M | $4.33M | $4.81M |
| Inventory | $9.58M | $10.22M | $10.41M | $10.65M | $11.11M | $10.50M | $10.44M | $10.42M | $10.19M | $10.31M |
| Accounts Payable | $16.36M | $16.55M | $18.79M | $18.84M | $17.14M | $13.19M | $20.04M | $17.90M | $17.57M | $22.07M |
| Current Assets | $18.06M | $18.89M | $23.82M | $21.27M | $20.51M | $20.19M | $23.41M | $22.49M | $22.24M | $22.77M |
| Total Assets | $246.31M | $261.67M | $280.57M | $294.57M | $319.45M | $324.65M | $340.54M | $346.29M | $360.38M | $368.83M |
| Current Liabilities | $64.35M | $61.84M | $70.65M | $68.37M | $70.11M | $65.72M | $76.22M | $71.33M | $72.51M | $75.59M |
| Long-term Debt | $105.60M | $108.78M | $108.16M | $106.44M | $100.62M | $100.74M | $88.36M | $84.78M | $81.18M | $64.04M |
| Total Liabilities | $294.36M | $306.98M | $319.47M | $325.35M | $333.36M | $330.23M | $336.80M | $336.65M | $338.47M | $336.31M |
| Stockholders' Equity | ($48.04M) | ($45.30M) | ($38.90M) | ($30.77M) | ($13.90M) | ($5.58M) | $3.73M | $9.64M | $21.90M | $32.52M |
| Retained Earnings | ($230.44M) | ($227.03M) | ($220.22M) | ($211.07M) | ($193.51M) | ($184.46M) | ($174.76M) | ($168.01M) | ($154.38M) | ($142.11M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $6.02M | - | - | - | $4.03M | - | - | - | $7.00M | - |
| Investing Cash Flow | ($2.08M) | - | - | - | ($2.92M) | - | - | - | ($8.65M) | - |
| Financing Cash Flow | ($3.76M) | - | - | - | ($868.0K) | - | - | - | ($37.0K) | - |
| CapEx | $2.08M | - | - | - | $2.92M | - | - | - | $8.65M | - |
| Free Cash Flow | $3.94M | - | - | - | $1.11M | - | - | - | ($1.64M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -0.7% | - | -5.2% | -11.7% | -5.2% | - | -3.9% | -9.0% | -3.4% | 1.6% |
| EBITDA margin | 4.2% | - | 0.2% | -6.0% | 0.6% | - | 2.0% | -3.3% | 2.7% | 6.8% |
| Net margin | -2.8% | - | -7.5% | -13.9% | -7.3% | - | -5.5% | -10.7% | -5.1% | 0.5% |
| Free cash flow margin | 3.2% | - | - | - | 0.9% | - | - | - | -1.4% | - |
| FCF / Net income | -1.15 | - | - | - | -0.12 | - | - | - | 0.27 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 10.1% | - | 10.1% | 9.8% | 10.3% | - | 10.5% | 10.7% | 10.7% | 9.3% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | 17.5% |
| Return on assets | -1.4% | - | -3.3% | -6.0% | -2.8% | - | -2.0% | -3.9% | -1.7% | 0.2% |
| Return on equity | 7.1% | - | 23.5% | 57.0% | 65.1% | - | -180.9% | -141.3% | -28.0% | 2.2% |
| Return on invested capital | -1.1% | - | -7.2% | -15.4% | -5.8% | - | -4.1% | -9.6% | -3.1% | 1.7% |
| Liquidity | ||||||||||
| Current ratio | 0.28 | 0.31 | 0.34 | 0.31 | 0.29 | 0.31 | 0.31 | 0.32 | 0.31 | 0.30 |
| Quick ratio | 0.13 | 0.14 | 0.19 | 0.16 | 0.13 | 0.15 | 0.17 | 0.17 | 0.17 | 0.16 |
| Cash ratio | 0.02 | 0.02 | 0.07 | 0.03 | 0.02 | 0.02 | 0.04 | 0.03 | 0.02 | 0.03 |
| Leverage | ||||||||||
| Debt / Equity | -2.20 | -2.40 | -2.78 | -3.46 | -7.24 | -18.06 | 23.66 | 8.79 | 3.71 | 1.97 |
| Debt / Assets | 0.43 | 0.42 | 0.39 | 0.36 | 0.31 | 0.31 | 0.26 | 0.24 | 0.23 | 0.17 |
| Debt / EBITDA | 20.43 | - | 379.50 | - | 143.13 | - | 36.09 | - | 24.79 | 7.39 |
| Interest coverage | -0.3x | - | -3.0x | -5.4x | -3.2x | - | -2.3x | -5.8x | -2.1x | 1.7x |
| Equity multiplier | -5.13 | -5.78 | -7.21 | -9.57 | -22.97 | -58.19 | 91.17 | 35.91 | 16.45 | 11.34 |
| Liabilities / Assets | 1.20 | 1.17 | 1.14 | 1.10 | 1.04 | 1.02 | 0.99 | 0.97 | 0.94 | 0.91 |
| Efficiency | ||||||||||
| Asset turnover | 0.50 | - | 0.44 | 0.43 | 0.39 | - | 0.36 | 0.37 | 0.34 | 0.35 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 13d | - | 12d | 11d | 12d | - | 12d | 11d | 13d | 14d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | 114.0x |
| P / B | - | - | - | - | - | - | 114.4x | 60.0x | 29.6x | 25.8x |
| P / S | 0.4x | - | 1.9x | 2.1x | 3.2x | - | 3.5x | 4.5x | 5.3x | 6.6x |
| EV / EBITDA | 29.8x | - | 1197.7x | - | 709.0x | - | 209.2x | - | 222.7x | 104.0x |
| Growth | ||||||||||
| Revenue growth (YoY) | -0.0% | - | -0.5% | -0.7% | 2.0% | - | -4.0% | 1.8% | -3.7% | -1.2% |
| Revenue CAGR (3y) | -0.6% | - | -1.9% | -1.2% | 3.2% | - | -0.6% | 0.4% | 3.5% | 6.5% |
| Revenue CAGR (5y) | 2.5% | - | 2.9% | 9.5% | 4.3% | - | 0.7% | 1.2% | 2.0% | 1.8% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 87.3% | - | -31.6% | -28.3% | -55.9% | - | - | -4013.6% | -83.9% | 33.0% |
| Net income growth (YoY) | 62.3% | - | -35.5% | -28.8% | -47.5% | - | - | -944.9% | -97.1% | -11.9% |
| EPS growth (YoY) | 63.7% | - | -33.3% | -26.7% | -42.9% | - | - | -7900.0% | -1500.0% | 700.0% |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | 51.6% |
| FCF growth (YoY) | 253.3% | - | - | - | - | - | - | - | 48.9% | - |
| FCF CAGR (5y) | 30.4% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -245.5% | -712.1% | - | - | - | - | -88.5% | -73.3% | -39.0% | -10.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-30.
Business segments
$495.09M totalReportable Segment$495.09M · 100.0%
Product / service
$495.09M totalFood And Beverage$485.10M · 98.0%
Franchise$9.99M · 2.0%
Peer comparison
Same SIC group: Retail-Eating Places
Comparing NOODLES & Co against the 5 most active filers in the same SIC group.