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Noodles & Co balance sheet

At the end of fiscal 2025, Noodles & Co had total assets of $262m, total liabilities of $307m and shareholders' equity of −$45.3m. It held $1.3m in cash against $109m of debt: net debt of $108m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2011Jan 20122012Jan 20132013Dec 20132014Dec 20142015Dec 20152016Jan 20172017Jan 20182018Jan 20192019Dec 20192020Dec 20202021Dec 20212022Jan 20232023Jan 20242024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents11122235108223111
Receivables—545552343465445
Inventory—6791011101010109101011109
Total current assets—161823252622202924232223201919
Goodwill—006666677777777
Total assets—157188239240209185390379354341344368325262236
Accounts payable—9811151111896161517131717
Deferred revenue (current)———————01000111—
Total current liabilities—242426334944335858776468666263
Short-term debt—10———011120————
Long-term debt—94627688558444041194680101109104
Total debt094627688558454344224680101109104
Total liabilities—1436398146184149343328324304305341330307287
Shareholders' equity510124140942636475130383827−6−45−51
Non-controlling interests and other (assets − liabilities − equity)—4——————————————
Net debt (negative = net cash)−194525668454403236204577100108103
Shares outstanding—————————————6m6m6m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Noodles & Co's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Noodles & Co.