Noodles & Co income statement
In fiscal 2025, Noodles & Co reported revenue of $495m, up 0.4% on the year before, operating income of −$31.6m (a -6.4% margin) and net income of −$42.6m, or −$7.36 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2011Jan 2012 | 2012Jan 2013 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Jan 2017 | 2017Jan 2018 | 2018Jan 2019 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Jan 2023 | 2023Jan 2024 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 256 | 300 | 351 | 404 | 455 | 487 | 456 | 458 | 462 | 394 | 475 | 509 | 503 | 493 | 495 | 496 |
| Cost of revenue | — | — | — | — | — | 131 | 121 | 121 | 117 | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | 357 | 335 | 337 | 345 | — | — | — | — | — | — | — |
| General and administrative | 26 | 29 | 36 | 31 | 37 | 56 | 40 | 46 | 43 | 43 | 48 | 50 | 52 | 51 | 49 | 50 |
| Operating income | 12 | 16 | 14 | 19 | −21 | −68 | −34 | −4 | 5 | −20 | 6 | −1 | −5 | −28 | −32 | −13 |
| Interest expense | 6 | 5 | 2 | 0 | 1 | 3 | 4 | 4 | 3 | 3 | 2 | 2 | 5 | 8 | 11 | 11 |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | — | — | — | 1 | 1 | — | — |
| Income before tax | 6 | 8 | 11 | 19 | −22 | −70 | −38 | −9 | 2 | −23 | 4 | −3 | −10 | −36 | −43 | −23 |
| Income tax | 2 | 3 | 5 | 7 | −9 | 1 | −0 | −0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 4 | 5 | 7 | 11 | −14 | −72 | −37 | −8 | 2 | −23 | 4 | −3 | −10 | −36 | −43 | −23 |
| Diluted EPS | $1.28 | $1.76 | $0.24 | $0.37 | −$0.48 | −$2.58 | −$1.20 | −$0.20 | $0.04 | −$0.53 | $0.08 | −$0.07 | −$1.72 | −$6.37 | −$7.36 | — |
| Diluted shares (average) | 3m | 3m | 3m | 4m | 4m | 3m | 5m | 5m | 6m | 6m | 6m | 6m | 6m | 6m | 6m | — |
| EBITDA | 27 | 33 | 35 | 44 | 7 | −39 | −9 | 19 | 28 | 2 | 28 | 22 | 22 | 1 | −5 | 12 |
| Quarter | 2024 Q3Oct 2024 | 2024 Q4Dec 2024 | 2025 Q1Apr 2025 | 2025 Q2Jul 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 123 | 122 | 124 | 126 | 122 | 123 | 124 | 127 |
| General and administrative | 13 | 11 | 13 | 12 | 12 | 12 | 13 | 14 |
| Operating income | −5 | −7 | −6 | −15 | −6 | −4 | −1 | −2 |
| Interest expense | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 2 |
| Income before tax | −7 | −10 | −9 | −18 | −9 | −7 | −3 | −4 |
| Income tax | −0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −7 | −10 | −9 | −18 | −9 | −7 | −3 | −4 |
| Diluted EPS | −$1.20 | −$5.79 | −$1.58 | −$3.04 | −$1.60 | −$6.58 | −$0.58 | −$0.67 |
| EBITDA | 2 | −0 | 1 | −8 | 0 | 2 | 5 | 4 |
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