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Financials · NDLS

Noodles & Company (NDLS) financials

For the twelve months ended Jun 30, 2026, Noodles & Company reported $495.69M of revenue and -$23.33M of net income.

Revenue, TTM
$495.69M
Revenue growth, YoY
+0.2%
Net income, TTM
-$23.33M
Net margin
-4.7%
Free cash flow, TTM
$3.76M
EPS, diluted, TTM
-$3.99
Cash
$1.30M
Total debt
$104.41M
P/S
0.17
Market cap
$84.3M
Annual revenue$495.09M
FY2016FY2025
Annual net income-$42.57M
FY2016FY2025
Annual free cash flow-$5.11M
FY2016FY2025

NDLS revenue and earnings growth

NDLS revenueQ2 2026$127.04M

Quarter YoY
+0.5%
QoQ
+2.6%
FY YoY
+0.4%
5Y CAGR
+4.7%
10Y CAGR
+0.8%

NDLS revenue was $127.04M in fiscal Q2 2026 (ended Jun 30, 2026), up 0.5% from a year earlier and up 2.6% from the prior quarter. For the full fiscal 2025 it was $495.09M, up 0.4% from fiscal 2024. Compound annual growth was +4.7% over 5 years and +0.8% over 10 years. It rose in 6 of the last 10 fiscal years.

NDLS net incomeQ2 2026-$3.95M

NDLS net income was -$3.95M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$17.55M a year earlier. For the full fiscal 2025 it was -$42.57M, compared with -$36.21M in fiscal 2024.

NDLS EPSQ2 2026-$0.67

NDLS diluted EPS was -$0.67 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$3.04 a year earlier. For the full fiscal 2025 it was -$7.36, compared with -$6.37 in fiscal 2024.

NDLS free cash flowQ2 2026$1.80M

QoQ
-54.4%

NDLS free cash flow was $1.80M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$4.25M a year earlier and down 54.4% from the prior quarter. For the full fiscal 2025 it was -$5.11M, compared with -$21.21M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 30, 2025
FY2024
Dec 31, 2024
FY2023
Jan 2, 2024
FY2022
Jan 3, 2023
FY2021
Dec 28, 2021
FY2020
Dec 29, 2020
FY2019
Dec 31, 2019
FY2018
Jan 1, 2019
FY2017
Jan 2, 2018
FY2016
Jan 3, 2017
Revenue$495.09M$493.27M$503.40M$509.48M$475.15M$393.65M$462.41M$457.84M$456.49M$487.47M
Cost of revenue------$117.18M$121.10M$121.47M$130.63M
Gross profit------$345.23M$336.74M$335.02M$356.84M
Selling, general and admin$49.14M$50.82M$51.83M$49.90M$47.53M$42.88M$43.45M$46.09M$39.75M$55.65M
Operating income-$31.59M-$27.78M-$5.03M-$832.0K$5.82M-$20.03M$5.44M-$3.76M-$33.85M-$67.53M
Interest expense$10.91M$8.38M$4.80M$2.44M$2.08M$3.15M$2.94M$4.30M$3.84M$2.92M
Pre-tax income-$42.50M-$36.16M-$9.83M-$3.28M$3.73M-$23.18M$1.75M-$8.69M-$37.69M-$70.44M
Income tax$64.0K$54.0K$24.0K$37.0K$70.0K$84.0K$104.0K-$248.0K-$207.0K$1.23M
Net income-$42.57M-$36.21M-$9.86M-$3.31M$3.67M-$23.26M$1.65M-$8.44M-$37.48M-$71.68M
EPS, basic-$7.36-$6.37-$1.72-$0.56$0.64-$4.24$0.32-$1.60-$9.60-$20.64
EPS, diluted-$7.36-$6.37-$1.72-$0.56$0.64-$4.24$0.32-$1.60-$9.60-$20.64
Diluted shares5.8M5.7M5.7M5.7M5.8M5.5M5.6M5.3M4.7M3.5M

Balance sheet

Balance sheet
Line item
FY2025
Dec 30, 2025
FY2024
Dec 31, 2024
FY2023
Jan 2, 2024
FY2022
Jan 3, 2023
FY2021
Dec 28, 2021
FY2020
Dec 29, 2020
FY2019
Dec 31, 2019
FY2018
Jan 1, 2019
FY2017
Jan 2, 2018
FY2016
Jan 3, 2017
Cash and equivalents$1.26M$1.15M$3.01M$1.52M$2.25M$7.84M$10.46M$4.66M$3.36M$1.84M
Receivables$4.06M$4.06M$5.14M$6.44M$3.96M$3.43M$3.50M$2.39M$2.43M$5.44M
Inventory$10.22M$10.50M$10.25M$10.04M$9.40M$9.64M$9.87M$9.65M$9.93M$11.29M
Current assets$18.89M$20.19M$22.62M$21.64M$22.56M$23.71M$29.32M$23.35M$22.06M$25.79M
Goodwill$7.15M$7.15M$7.15M$7.15M$7.15M$7.15M$7.15M$6.40M$6.40M$6.40M
Total assets$261.67M$324.65M$368.10M$343.84M$341.46M$353.63M$378.52M$172.03M$185.23M$209.46M
Current liabilities$61.84M$65.72M$67.51M$64.11M$76.58M$58.13M$58.03M$33.15M$43.87M$49.03M
Short-term debt---$0$2.03M$1.13M$750.0K$719.0K$0-
Long-term debt$108.78M$100.74M$80.22M$46.05M$18.93M$40.95M$40.50M$44.18M$57.62M$84.68M
Total debt$108.78M$100.74M$80.22M$46.05M$20.96M$42.07M$41.25M$44.90M$57.62M$84.68M
Total liabilities$306.98M$330.23M$340.94M$305.48M$303.83M$323.93M$327.95M$119.35M$149.37M$183.64M
Shareholders' equity-$45.30M-$5.58M$27.16M$38.36M$37.63M$29.70M$50.57M$52.68M$35.86M$25.82M

Cash flow

Cash flow
Line item
FY2025
Dec 30, 2025
FY2024
Dec 31, 2024
FY2023
Jan 2, 2024
FY2022
Jan 3, 2023
FY2021
Dec 28, 2021
FY2020
Dec 29, 2020
FY2019
Dec 31, 2019
FY2018
Jan 1, 2019
FY2017
Jan 2, 2018
FY2016
Jan 3, 2017
Operating cash flow$7.28M$7.56M$27.50M$9.56M$36.16M$9.12M$30.06M$5.35M$4.10M$24.74M
Capital expenditures$12.39M$28.77M$52.04M$33.89M$18.78M$11.78M$17.40M$14.34M$20.83M$43.34M
Free cash flow-$5.11M-$21.21M-$24.55M-$24.33M$17.39M-$2.66M$12.66M-$8.99M-$16.73M-$18.60M
Investing cash flow-$12.39M-$26.71M-$51.80M-$32.31M-$18.37M-$10.95M-$18.44M-$13.84M-$20.83M-$42.76M
Financing cash flow$5.23M$17.29M$25.80M$22.02M-$23.38M-$798.0K-$5.82M$9.79M$18.27M$17.90M
Share repurchases$0$0$4.98M$0$0-----
Stock-based compensation$3.00M$3.61M$4.24M$4.33M$4.11M$2.50M$2.44M$2.98M$1.51M$2.32M
Depreciation and amortization$27.05M$29.07M$26.79M$23.27M$22.33M$21.71M$22.09M$22.87M$24.61M$28.13M

Key ratios

Key ratios
Line item
FY2025
Dec 30, 2025
FY2024
Dec 31, 2024
FY2023
Jan 2, 2024
FY2022
Jan 3, 2023
FY2021
Dec 28, 2021
FY2020
Dec 29, 2020
FY2019
Dec 31, 2019
FY2018
Jan 1, 2019
FY2017
Jan 2, 2018
FY2016
Jan 3, 2017
Revenue growth, YoY0.4%-2.0%-1.2%7.2%20.7%-14.9%1.0%0.3%-6.4%7.0%
Gross margin------74.7%73.5%73.4%73.2%
Operating margin-6.4%-5.6%-1.0%-0.2%1.2%-5.1%1.2%-0.8%-7.4%-13.9%
Net margin-8.6%-7.3%-2.0%-0.7%0.8%-5.9%0.4%-1.8%-8.2%-14.7%
Free cash flow margin-1.0%-4.3%-4.9%-4.8%3.7%-0.7%2.7%-2.0%-3.7%-3.8%
Return on equity---36.3%-8.6%9.7%-78.3%3.3%-16.0%-104.5%-277.6%
Return on assets-16.3%-11.2%-2.7%-1.0%1.1%-6.6%0.4%-4.9%-20.2%-34.2%
Current ratio0.310.310.340.340.290.410.510.700.500.53
Debt to equity--2.951.200.561.420.820.851.613.28

Source: XBRL data Noodles & Company files with the SEC, latest filing dated Jul 24, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-8, first reported Mar 26, 2026.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

NDLS peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
NDLS$495.69M+0.2%-$23.33M-4.7%$84.3M
MCD$27.78B+5.8%$8.99B32.4%$199.16B
SBUX$38.34B+4.5%$1.98B5.2%$124.76B
CMG$12.71B+7.9%$1.38B10.8%$45.22B
YUM$8.80B+9.1%$3.44B39.1%$43.90B
QSR$9.78B+5.5%$1.76B18.1%$34.98B
DRI$13.37B+8.1%$1.18B8.8%$26.00B
YUMC$12.71B+9.9%$1.00B7.9%$16.82B
ARMK$19.85B+11.0%$382.91M1.9%$14.43B

NDLS FAQ

8 questions
  • What is NDLS revenue?
    Noodles & Company (NDLS) reported $495.69M of revenue for the twelve months ended Jun 30, 2026. That is up 0.2% from the year before. Revenue for fiscal 2025 was $495.09M.
  • Is NDLS profitable?
    No. Noodles & Company reported a net loss of $23.33M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does NDLS have?
    Noodles & Company reported $1.30M in cash and cash equivalents and $104.41M of debt on its most recent balance sheet in SEC filings.
  • How fast is NDLS revenue growing?
    Noodles & Company's revenue changed +0.4% in fiscal 2025, to $495.09M. Its compound annual growth rate was +4.7% over 5 years and +0.8% over 10 years.
  • What is NDLS free cash flow?
    Noodles & Company generated $3.76M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $13.42M less capital expenditures.
  • What is NDLS earnings per share?
    Diluted earnings per share were -$3.99 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did NDLS last report financial results?
    The latest statements here come from Noodles & Company's 10-Q filed on Jul 24, 2026, covering the period ended Jun 30, 2026.
  • Where does this NDLS financial data come from?
    Quantisnow builds these statements from the structured XBRL data Noodles & Company files with the SEC. It is provided for information only and is not investment advice.