NOODLES & Co
NDLS Nasdaq· Retail-Eating Places
Last close · Oct 23, 2026
$11.56
KIRA · Stoqly’s AI analyst, in plain words
- NOODLES & Co had $495M of revenue in fiscal 2025, up 0.4% on the year before. Over five years, revenue changed +4.7% a year on average.
- Its operating margin was −6.4%, down 0.7 pts: of every 100 in sales, about −6 is left after running the business.
- NOODLES & Co lost $42.6M in fiscal 2025.
- Free cash flow was −$5.1M in fiscal 2025, −1.0% of revenue.
- NOODLES & Co returned $0.0M to shareholders in fiscal 2025. The diluted share count rose 1.8%.
- NOODLES & Co owes $114M more than it holds in cash.
Market cap
$68.5M
P/E
—
Revenue
$495M
Net income
−$42.6M
Free cash flow
−$5.1M
Operating margin
−6.4%
NOODLES & Co in 30 seconds · fiscal 2025
Are sales growing?
+0.4%
Only a little. Sales grew 0.4% last year.
Does it make a profit?
−8.6%
No. It lost money last year.
Does profit turn into cash?
−1.0%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 8
Weak. It passes 3 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What NOODLES & Co does
No business description yet.
- Fiscal year ends
- December 30, 2025
- Latest annual report
- 10-K · Mar 26, 2026
- Legal name
- NOODLES & Co
- CIK
- 0001275158
NOODLES & Co · NDLS
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $475M | $509M | $503M | $493M | $495M |
| Revenue growth | 20.7% | 7.2% | −1.2% | −2.0% | 0.4% |
| Operating margin | 1.2% | −0.2% | −1.0% | −5.6% | −6.4% |
| Net income | $3.7M | −$3.3M | −$9.9M | −$36.2M | −$42.6M |
| Net margin | 0.8% | −0.7% | −2.0% | −7.3% | −8.6% |
| Diluted EPS | $0.08 | −$0.07 | −$1.72 | −$6.37 | −$7.36 |
| Cash | |||||
| Cash from operations | $36.2M | $9.6M | $27.5M | $7.6M | $7.3M |
| Capital expenditure | $18.8M | $33.9M | $52.0M | $28.8M | $12.4M |
| Free cash flow | $17.4M | −$24.3M | −$24.5M | −$21.2M | −$5.1M |
| FCF margin | 3.7% | −4.8% | −4.9% | −4.3% | −1.0% |
| Share buybacks | $0.0M | $0.0M | $5.0M | $0.0M | $0.0M |
| Share count change | 4.2% | −0.5% | −87.5% | −0.9% | 1.8% |
| Debt and strength | |||||
| Cash and short-term investments | $2.3M | $1.5M | $3.0M | $1.1M | $1.3M |
| Debt incl. finance leases | $27.6M | $51.8M | $84.0M | $105M | $116M |
| Shareholders' equity | $37.6M | $38.4M | $27.2M | −$5.6M | −$45.3M |
| Net debt / EBITDA | 0.9x | 2.2x | 3.7x | 80.4x | — |
| Current ratio | 0.3x | 0.3x | 0.3x | 0.3x | 0.3x |
| Interest coverage | 2.8x | −0.3x | −1.0x | −3.3x | −2.9x |
| Returns and quality | |||||
| Return on capital | 10.1% | −0.8% | −3.8% | −23.3% | −40.1% |
| Return on equity | 10.9% | −8.7% | −30.1% | −335.6% | — |
| Return on tangible equity | 12.3% | −10.8% | −50.6% | — | — |
| Piotroski F-score | 6 | 5 | 3 | 4 | 3 |
| Altman Z'' | −2.1 | −2.0 | −2.1 | −3.4 | −4.9 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
NOODLES & Co · NDLS
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $11.56 a share, the company is worth $68.5M.
Source: SEC EDGAR XBRL filings (CIK 0001275158). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.