NOODLES & Co (NASDAQ:NDLS)
Insiders here have filed 1 Form 4 in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Loses money on what it sells.
- Revenue
- $495.7M
- Net income
- -$23.3M
- Net margin
- -4.7%
Heavily indebted for what it earns.
- Total debt
- $242.5M
- Cash
- $1.3M
- Net debt / EBITDA
- 20.23x
Owes more within a year than it holds to pay it.
- Current assets
- $18.5M
- Current liabilities
- $63.0M
- Current ratio
- 0.29
Roughly cash-neutral.
- Operating cash flow
- $13.4M
- Free cash flow
- $3.8M
- FCF margin
- 0.8%
Not funding itself by issuing shares.
- Shares outstanding
- 5.9M
- Share growth (1y)
- 2.7%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
NDLS Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 30, 2025 | Sep 30, 2025 | Jul 1, 2025 | Apr 1, 2025 |
| Revenue | 127.04 M | 123.79 M | 122.78 M | 122.09 M | 126.43 M | 123.79 M |
| Revenue Growth (YoY) | 0.48 % | -0.01 % | 0.82 % | -0.54 % | -0.72 % | 1.98 % |
| Cost of Revenue | 77.92 M | 109.35 M | 205.06 M | 79.28 M | 83.53 M | 83.18 M |
| Gross Profit | 49.12 M | 14.44 M | -82.28 M | 42.80 M | 42.90 M | 40.61 M |
| SG&A Expense | 13.86 M | 12.51 M | 11.65 M | 12.27 M | 12.40 M | 12.81 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 50.66 M | 12.51 M | -104.66 M | 49.12 M | 57.68 M | 47.00 M |
| Operating Income | -1.54 M | 1.92 M | 22.38 M | -6.32 M | -14.78 M | -6.39 M |
| Pretax Income | -3.93 M | -3.41 M | -6.79 M | -9.15 M | -17.53 M | -9.03 M |
| Tax Provision | 20.00 K | 7.00 K | 15.00 K | 5.00 K | 21.00 K | 23.00 K |
| Net Income | -3.95 M | -3.42 M | -6.81 M | -9.15 M | -17.55 M | -9.06 M |
| EPS (Basic) | -0.67 | -0.58 | -1.16 | -1.60 | -3.04 | -1.60 |
| EPS (Diluted) | -0.67 | -0.58 | -1.16 | -1.60 | -3.04 | -1.60 |
| Shares Outstanding | 5.93 M | 5.86 M | 5.85 M | 5.81 M | 5.77 M | 5.72 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.