15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $495M | -$43M | 0.0% | -6.4% | -$5M | $109M | $1M |
| 2024 | $493M | -$36M | 0.0% | -5.6% | -$21M | $101M | $1M |
| 2024 | $503M | -$10M | 0.0% | -1.0% | -$25M | $80M | $3M |
| 2023 | $509M | -$3M | 0.0% | -0.2% | -$24M | $46M | $2M |
| 2021 | $475M | $4M | 0.0% | 1.2% | $17M | $21M | $2M |
| 2020 | $394M | -$23M | 0.0% | -5.1% | -$3M | $42M | $8M |
| 2019 | $462M | $2M | 74.7% | 1.2% | $13M | $43M | $10M |
| 2019 | $458M | -$8M | 73.5% | -0.8% | -$9M | $47M | $5M |
| 2018 | $456M | -$37M | 73.4% | -7.4% | -$17M | $58M | $3M |
| 2017 | $487M | -$72M | 73.2% | -13.9% | -$19M | $85M | $2M |
| 2015 | — | -$14M | — | — | -$6M | $68M | $2M |
| 2014 | — | $11M | — | — | -$7M | $27M | $2M |
| 2013 | — | $7M | — | — | -$11M | $6M | $968000 |
| 2013 | — | $5M | — | — | -$15M | $94M | $581000 |
| 2012 | — | $4M | — | — | -$2M | — | $523000 |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $124M | -$3M | 0.0% | -0.7% | $4M | $106M | $1M |
| Dec '25 | $123M | -$7M | 0.0% | -3.3% | -$3M | $109M | $1M |
| Sep '25 | $122M | -$9M | 0.0% | -5.2% | $1M | $108M | $5M |
| Jul '25 | $126M | -$18M | 0.0% | -11.7% | -$4M | $106M | $2M |
| Apr '25 | $124M | -$9M | 0.0% | -5.2% | $1M | $101M | $1M |
| Dec '24 | $122M | -$10M | 0.0% | -6.0% | -$14M | $101M | $1M |
| Oct '24 | $123M | -$7M | 0.0% | -3.9% | -$1M | $88M | $3M |
| Jul '24 | $127M | -$14M | 0.0% | -9.0% | -$4M | $85M | $2M |
| Apr '24 | $121M | -$6M | 0.0% | -3.4% | -$2M | $81M | $1M |
| Jan '24 | $124M | -$6M | 0.0% | -3.7% | -$15M | $80M | $3M |
| Oct '23 | $128M | $700000 | 0.0% | 1.6% | $4M | $64M | $3M |
| Jul '23 | $125M | -$1M | 0.0% | -0.2% | -$10M | $63M | $3M |
| Apr '23 | $126M | -$3M | 0.0% | -1.8% | -$3M | $51M | $2M |
| Jan '23 | $136M | $975000 | 0.0% | 1.3% | -$10M | $46M | $2M |
| Sep '22 | $129M | $795000 | 0.0% | 1.2% | -$4M | $36M | $2M |
| Jun '22 | $131M | $1M | 0.0% | 1.4% | $4M | $31M | $2M |
| Mar '22 | $113M | -$6M | 0.0% | -5.4% | -$14M | $34M | $2M |
| Dec '21 | $115M | -$5M | 0.0% | -3.8% | $458000 | $21M | $2M |
| Sep '21 | $125M | $5M | 0.0% | 4.3% | $1M | $22M | $3M |
| Jun '21 | $126M | $6M | 0.0% | 4.9% | $15M | $37M | $17M |
How the market has priced NDLS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, NOODLES & Co's revenue has grown 4.7% per year. These are computed facts, not advice.
As of FY2025, NOODLES & Co reported $109M of total debt against $1M of cash; operating income covered interest expense -2.9×.
In FY2025, gross margin was —, operating margin -6.4%, and net margin -8.6%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.