NOODLES & Co (NDLS) Financial Statements (2026 and earlier)

Company Profile

Business Address 520 ZANG ST., SUITE D
BROOMFIELD, CO 80021
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 5812 - Eating Places (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2651,1493,0131,5232,2557,840
Cash and cash equivalent1,2651,1493,0131,5232,2557,840
Receivables4,3764,3875,4816,6194,0663,472
Inventory, net of allowances, customer advances and progress billings10,21810,50010,25110,0449,4049,643
Inventory10,21810,50010,25110,0449,4049,643
Prepaid expense2,1993,2823,0552,6843,1251,836
Asset, held-for-sale, not part of disposal group     3,514 
Other current assets2124245512539
Other undisclosed current assets81485080071173884
Total current assets:18,89320,19222,62421,63622,56223,714
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 6,3733,8073,4405,2586,3947,822
Operating lease, right-of-use asset126,319157,821183,857183,392188,440195,618
Intangible asset, including goodwill, after accumulated amortization7,5747,6497,6927,7627,8227,911
Goodwill7,1547,1547,1547,1547,1547,154
Intangible asset, excluding goodwill, after accumulated amortization420495538608668757
Other noncurrent assets1,5261,7491,7461,6673,3593,471
Other undisclosed noncurrent assets100,986133,430148,736124,128112,882115,095
Total noncurrent assets:242,778304,456345,471322,207318,897329,917
TOTAL ASSETS:261,671324,648368,095343,843341,459353,631
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities28,35326,03029,64126,31347,93430,910
Employee-related liabilities✕✕✕✕✕18,60012,876
Accounts payable16,54513,19416,69115,30815,5436,402
Accrued liabilities11,80812,83612,95011,00513,79111,632
Deferred revenue 1,1001,000900300400 
Debt     2,0311,125
Other undisclosed current liabilities32,39238,68736,97337,50026,21726,094
Total current liabilities:61,84565,71767,51464,11376,58258,129
Noncurrent Liabilities
Long-term debt and lease obligation108,776100,74280,21846,051219,174251,403
Long-term debt, excluding current maturities108,776100,74280,21846,05118,93140,949
Liabilities, other than long-term debt136,355163,768193,203195,3158,07014,400
Deferred income tax liabilities316276255229269240
Other liabilities9,1156,7696,6637,7667,80114,160
Operating lease, liability126,924156,723186,285187,320200,243210,454
Total noncurrent liabilities:245,131264,510273,421241,366227,244265,803
Total liabilities:306,976330,227340,935305,479303,826323,932
Equity
Equity, attributable to parent(45,305)(5,579)27,16038,36437,63329,699
Common stock62482474485481468
Treasury stock, value(35,000)(35,000)(35,000)(35,000)(35,000)(35,000)
Additional paid in capital216,658213,396209,930211,267207,226202,970
Accumulated deficit(227,025)(184,457)(148,244)(138,388)(135,074)(138,739)
Total equity:(45,305)(5,579)27,16038,36437,63329,699
TOTAL LIABILITIES AND EQUITY:261,671324,648368,095343,843341,459353,631

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues495,089493,271503,405509,480475,152393,655
Cost of revenue(429,663)(434,708)(432,919)(442,018)(406,825)(355,418)
Other cost of operating revenue(98,876)(95,032)(91,559)(91,220)(83,603)(71,208)
Gross profit:65,42658,56370,48667,46268,32738,237
Operating expenses(97,015)(86,341)(75,515)(68,294)(62,510)(58,266)
Operating income (loss):(31,589)(27,778)(5,029)(832)5,817(20,029)
Interest and debt expense(10,915)(8,381)(4,803)(2,445)(2,082)(3,146)
Income (loss) from continuing operations before income taxes:(42,504)(36,159)(9,832)(3,277)3,735(23,175)
Income tax expense(64)(54)(24)(37)(70)(84)
Income (loss) from continuing operations:(42,568)(36,213)(9,856)(3,314)3,665(23,259)
Income (loss) before gain (loss) on sale of properties:✕✕✕✕✕3,665(23,259)
Net income (loss) available to common stockholders, diluted:(42,568)(36,213)(9,856)(3,314)3,665(23,259)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(42,568)(36,213)(9,856)(3,314)3,665(23,259)
Comprehensive income (loss), net of tax, attributable to parent:(42,568)(36,213)(9,856)(3,314)3,665(23,259)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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