Noodles & Co. (NDLS)
Nasdaq · Retail-Eating Places · Retail trade · CIK 1275158 · fiscal year ends in Dec
Closing price $15.30 on 30 Oct 2026; 52-week range $3.89 to $18.62.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $495.7M
- Revenue growth
- 0.2%
- Net income, last twelve months
- -$23.3M
- Earnings per share
- -$4.01
- Operating margin
- -2.6%
- Net margin
- -4.7%
- Free cash flow
- $3.8M
- Market value
- $91.3M
- Cash
- $1.3M
- Debt
- $104.4M
- Shares outstanding
- 6.0M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 30 Dec 2025 | $495.1M | -$31.6M | -$42.6M | -$7.36 | -$5.1M | 10-K filed 26 Mar 2026 |
| FY2024 | 31 Dec 2024 | $493.3M | -$27.8M | -$36.2M | -$6.40 | -$21.2M | 10-K filed 7 Mar 2025 |
| FY2023 | 2 Jan 2024 | $503.4M | -$5.0M | -$9.9M | -$1.68 | -$24.5M | 10-K filed 8 Mar 2024 |
| FY2022 | 3 Jan 2023 | $509.5M | -$832.0K | -$3.3M | -$0.56 | -$24.3M | 10-K filed 9 Mar 2023 |
| FY2021 | 28 Dec 2021 | $475.2M | $5.8M | $3.7M | $0.64 | $17.4M | 10-K filed 24 Feb 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $127.0M | -$4.0M | -$0.67 |
| Q1 FY2026 | 31 Mar 2026 | $123.8M | -$3.4M | -$0.58 |
| Q4 FY2025 | 30 Dec 2025 | $122.8M | -$6.8M | -$1.16 |
| Q3 FY2025 | 30 Sep 2025 | $122.1M | -$9.2M | -$1.60 |
| Q2 FY2025 | 1 Jul 2025 | $126.4M | -$17.6M | -$3.04 |
| Q1 FY2025 | 1 Apr 2025 | $123.8M | -$9.1M | -$1.60 |
| Q4 FY2024 | 31 Dec 2024 | $121.8M | -$9.7M | -$1.68 |
| Q3 FY2024 | 1 Oct 2024 | $122.8M | -$6.8M | -$1.20 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Restaurant revenue | $485.1M | 98.0% |
| Franchising royalties and fees, and other | $10.0M | 2.0% |
Company events
The newest 8-K filings of 152 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 24 Jul 2026 | 8-K | Results | 2.02, 9.01 |
| 14 May 2026 | 8-K | Shareholder vote | 5.07 |
| 6 May 2026 | 8-K | Results | 2.02, 9.01 |
| 30 Mar 2026 | 8-K | Leadership change | 5.02 |
| 25 Mar 2026 | 8-K | Results | 2.02, 9.01 |
| 9 Mar 2026 | 8-K | Other events | 8.01 |
| 13 Feb 2026 | 8-K | Shareholder rights change, Bylaws or fiscal year change, Other events | 3.03, 5.03, 8.01, 9.01 |
| 4 Feb 2026 | 8-K | Shareholder vote, Other events | 5.07, 8.01, 9.01 |
| 12 Jan 2026 | 8-K | Results | 2.02, 9.01 |
| 29 Dec 2025 | 8-K | Delisting notice | 3.01 |
| 21 Nov 2025 | 8-K | Leadership change | 5.02 |
| 5 Nov 2025 | 8-K | Results | 2.02, 9.01 |
Every filing
The newest filings with the SEC of 303 held.
| Filed | Form | Period |
|---|---|---|
| 2 Sep 2026 | EFFECT | – |
| 21 Aug 2026 | S-3 | – |
| 24 Jul 2026 | 10-Q | 30 Jun 2026 |
| 24 Jul 2026 | 8-K | 24 Jul 2026 |
| 14 May 2026 | 8-K | 13 May 2026 |
| 7 May 2026 | 10-Q | 31 Mar 2026 |
| 6 May 2026 | 8-K | 6 May 2026 |
| 1 Apr 2026 | ARS | 30 Dec 2025 |
| 1 Apr 2026 | DEFA14A | – |
| 1 Apr 2026 | DEF 14A | 1 Apr 2026 |
| 30 Mar 2026 | 8-K | 24 Mar 2026 |
| 26 Mar 2026 | 10-K | 30 Dec 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 15 May 2026 | Nantahala Capital Management, LLC | 13G amended | 9.46% | 553.7K |
| 24 Feb 2026 | Galloway Capital Partners, LLC | 13D | 8.78% | 512.8K |
| 3 Dec 2025 | Diveroli Investment Group LLC | 13D | 1.3% | 600.0K |
| 2 Dec 2025 | Galloway Capital Partners, LLC | 13D amended | 6.01% | 2.8M |
| 1 Dec 2025 | Galloway Capital Partners, LLC | 13D | 6.01% | 2.8M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 138.7K | +5.76% | 3.4 |
| 30 Sep 2026 | 131.1K | +2.22% | 4.27 |
| 15 Sep 2026 | 128.3K | -14.78% | 5.63 |
| 31 Aug 2026 | 150.5K | +11.78% | 4.4 |
| 14 Aug 2026 | 134.7K | +6.42% | 2.14 |
| 31 Jul 2026 | 126.6K | -1.88% | 1.32 |
| 15 Jul 2026 | 129.0K | -10.19% | 4.03 |
| 30 Jun 2026 | 143.6K | +2.81% | 3.54 |
Funds that hold it
From each fund's latest Form 13F.
40 funds held it at 30 Jun 2026: 20 added and 8 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Nantahala Capital Management, LLC | 1,107,492 | $16.6M | – |
| Mill Road Capital Management LLC | 174,132 | $13.0M | 0 |
| Vanguard Capital Management LLC | 218,589 | $3.3M | -12,138 |
| Assenagon Asset Management S.A. | 110,382 | $1.7M | – |
| Jane Street Group, LLC | 91,296 | $1.4M | +29,576 |
| BlackRock, Inc. | 75,595 | $1.1M | +13,337 |
| Citadel Advisors LLC | 62,397 | $932.8K | +42,225 |
| Goldman Sachs Group Inc. | 55,949 | $836.4K | +55,949 |
| Geode Capital Management, LLC | 50,145 | $749.9K | -4,670 |
| Renaissance Technologies LLC | 35,480 | $530.4K | +22,134 |
Peers
Companies in the same industry.
- McDonald's Corp. (MCD): revenue $27.7B, market value $182.6B
- Yum! Brands, Inc. (YUM): revenue $8.7B, market value $42.4B
- Chipotle Mexican Grill Inc. (CMG): revenue $12.7B, market value $40.3B
- Restaurant Brands International Inc. (QSR): revenue $9.8B, market value $25.2B
- Darden Restaurants Inc. (DRI): revenue $13.4B, market value $24.9B
- Yum China Holdings, Inc. (YUMC): revenue $12.4B, market value $15.8B
- Aramark (ARMK): revenue $19.8B, market value $14.2B
- Texas Roadhouse, Inc. (TXRH): revenue $6.2B, market value $12.0B
- Brinker International, Inc. (EAT): revenue $5.9B, market value $8.9B
- Cava Group, Inc. (CAVA): revenue $1.4B, market value $6.9B