NDLS
Noodles & Company
NASDAQ: NDLS · CONSUMER CYCLICAL · RESTAURANTS
$12.66
+4.71% today
Updated 2026-04-30
Market cap
$67.66M
P/E ratio
—
P/S ratio
0.14x
EPS (TTM)
$-7.36
Dividend yield
—
52W range
$4 – $12
Volume
0.1M
Noodles & Company (NDLS) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $220.83M | $256.07M | $300.41M | $350.92M | $403.74M | $455.45M | $487.47M | $456.49M | $457.84M | $462.41M | $393.65M | $475.15M | $509.48M | $503.40M | $493.27M | $495.09M |
| Revenue growth (YoY) | — | +16.0% | +17.3% | +16.8% | +15.1% | +12.8% | +7.0% | -6.4% | +0.3% | +1.0% | -14.9% | +20.7% | +7.2% | -1.2% | -2.0% | +0.4% |
| Cost of revenue | $173.25M | $199.13M | $237.00M | $275.18M | $322.83M | $377.45M | $420.77M | $387.60M | $385.44M | $383.29M | $342.12M | $393.07M | $429.31M | $419.19M | $324.32M | $451.05M |
| Gross profit | $47.59M | $56.94M | $63.41M | $75.74M | $80.91M | $78.00M | $66.70M | $68.89M | $72.40M | $79.12M | $51.54M | $82.08M | $80.17M | $84.21M | $168.96M | $44.03M |
| Gross margin | 21.5% | 22.2% | 21.1% | 21.6% | 20.0% | 17.1% | 13.7% | 15.1% | 15.8% | 17.1% | 13.1% | 17.3% | 15.7% | 16.7% | 34.3% | 8.9% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — | — | — |
| SG&A | $27.01M | $28.79M | $29.36M | $35.89M | $31.39M | $37.24M | $55.65M | $39.75M | $46.09M | $43.45M | $43.32M | $48.20M | $49.90M | $51.83M | $50.82M | $49.14M |
| Operating income | $3.83M | $12.02M | $16.05M | $14.25M | $18.91M | $-21.07M | $-67.53M | $-33.85M | $-3.76M | $5.44M | $-20.03M | $5.82M | $-832000.00 | $-5.03M | $-27.78M | $-5.10M |
| Operating margin | 1.7% | 4.7% | 5.3% | 4.1% | 4.7% | -4.6% | -13.9% | -7.4% | -0.8% | 1.2% | -5.1% | 1.2% | -0.2% | -1.0% | -5.6% | -1.0% |
| EBITDA | $20.58M | $26.24M | $30.13M | $34.25M | $43.70M | $6.74M | $-39.39M | $-9.24M | $18.49M | $26.78M | $1.68M | $28.15M | $22.44M | $21.76M | $1.29M | $21.95M |
| EBITDA margin | 9.3% | 10.2% | 10.0% | 9.8% | 10.8% | 1.5% | -8.1% | -2.0% | 4.0% | 5.8% | 0.4% | 5.9% | 4.4% | 4.3% | 0.3% | 4.4% |
| EBIT | $6.65M | $11.74M | $13.41M | $13.63M | $18.91M | $-21.07M | $-67.53M | $-33.85M | $-4.38M | $4.69M | $-20.03M | $5.82M | $-832000.00 | $-5.03M | $-27.78M | $-5.10M |
| Interest expense | $1.82M | $6.13M | $5.03M | $2.20M | $365000.00 | $1.43M | $2.92M | $3.84M | $4.30M | $2.94M | $3.15M | $2.08M | $2.44M | $4.80M | $8.38M | $10.91M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $2.38M | $3.83M | $5.16M | $6.67M | $11.43M | $-13.77M | $-71.68M | $-45.45M | $-8.44M | $1.65M | $-23.26M | $3.67M | $-3.31M | $-9.86M | $-36.21M | $-42.57M |
| Net income growth (YoY) | — | +61.0% | +34.8% | +29.1% | +71.5% | -220.4% | -420.7% | +36.6% | +81.4% | +119.5% | -1512.2% | +115.8% | -190.4% | -197.4% | -267.4% | -17.5% |
| Profit margin | 1.1% | 1.5% | 1.7% | 1.9% | 2.8% | -3.0% | -14.7% | -10.0% | -1.8% | 0.4% | -5.9% | 0.8% | -0.7% | -2.0% | -7.3% | -8.6% |