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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›NDLS›Financials
Annual statements · SEC XBRL · FY2014 – FY2025

NOODLES & Co (NDLS) financials

Income statement

NOODLES & Co (NDLS) income statement, annual, from SEC filings
Fiscal yearFY2014FY2015FY2017FY2018FY2019FY2020FY2021FY2023FY2024FY2025
Revenue$404M$455M$487M$456M$462M$394M$475M$509M$503M$495M
Revenue growth—12.8%7.0%-6.4%1.3%-14.9%20.7%7.2%-1.2%-1.7%
Operating income$18.9M-$21.1M-$67.5M-$33.9M$5.44M-$20.0M$5.82M-$832K-$5.03M-$31.6M
Operating margin4.7%-4.6%-13.9%-7.4%1.2%-5.1%1.2%-0.2%-1.0%-6.4%
Net income$11.4M-$13.8M-$71.7M-$37.5M$1.65M-$23.3M$3.67M-$3.31M-$9.86M-$42.6M
Net margin2.8%-3.0%-14.7%-8.2%0.4%-5.9%0.8%-0.7%-2.0%-8.6%
EPS (diluted)$0.37-$0.48-$2.58-$1.20$0.04-$0.53$0.08-$0.07-$1.72-$7.36

Cash flow

NOODLES & Co (NDLS) cash flow, annual, from SEC filings
Fiscal yearFY2014FY2015FY2017FY2018FY2019FY2020FY2021FY2023FY2024FY2025
Operating cash flow$49.0M$44.5M$24.7M$4.10M$30.1M$9.12M$36.2M$9.56M$27.5M$7.28M
Capital expenditures$56.4M$50.1M$43.3M$20.8M$17.4M$11.8M$18.8M$33.9M$52.0M$12.4M
Free cash flow-$7.33M-$5.59M-$18.6M-$16.7M$12.7M-$2.66M$17.4M-$24.3M-$24.5M-$5.11M
Share buybacks——————$0.00$0.00$4.98M$0.00

Balance sheet

NOODLES & Co (NDLS) balance sheet, annual, from SEC filings
Fiscal yearFY2014FY2015FY2017FY2018FY2019FY2020FY2021FY2023FY2024FY2025
Cash & equivalents$1.91M$1.91M$1.84M$3.36M$4.66M$7.84M$2.25M$1.52M$1.15M$1.26M
Total assets$239M$240M$209M$185M$172M$354M$341M$344M$325M$262M
Total liabilities$98.4M$146M$184M$149M$119M$324M$304M$305M$330M$307M
Long-term debt$27.1M$67.7M$84.7M$57.6M$44.2M$40.9M$18.9M$46.1M$101M$109M
Shareholders' equity$140M$93.8M$25.8M$35.9M$50.6M$29.7M$37.6M$38.4M$27.2M-$45.3M
Retained earnings$21.7M$7.97M-$63.7M-$101M-$111M-$139M-$135M-$138M-$184M-$227M
Shares (wtd avg diluted)31.0M28.9M27.8M37.8M45.0M44.3M46.1M45.9M5.73M5.79M

Every figure is extracted from NOODLES & Co’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is NOODLES & Co's annual revenue?
NOODLES & Co (NDLS) reported $495M of revenue for fiscal year 2025 — down 1.7% from $503M in FY2024, per its annual report filed with the SEC.
Is NOODLES & Co profitable?
Not in FY2025 — NDLS reported a net loss of $42.6M, per SEC filings.
What is NOODLES & Co's free cash flow?
-$5.11M in FY2025 (operating cash flow $7.28M minus $12.4M of capital expenditures), from the SEC cash-flow statement.
Does NDLS pay a dividend?
NOODLES & Co reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full NDLS analysis — verdict, score & filings →Is NDLS a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.