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Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

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Home›Stocks›NDLS

NDLS

NOODLES & Co

Next earnings Aug 11, 2026 · consensus $-0.05 EPS, $122M rev

Last earnings +1.2% on 2026-05-06

Avoid
$15.69
▲ +5.23%
$15.69▲ +153.06%
over 1Y
L $3.89EODHDH $15.69
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+5.2%
1W+14.2%
1M+41.5%
3M+70.5%
YTD+164.7%
1Y+153.1%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Avoid
Quality
F
Valuation
Fair value
Filings
Watch
Avoid
Conviction
Horizon
Medium (3–12mo)
Street · 6 analysts
Sell

High return on equity (94.0%); but revenue declined -1.7% YoY.

Revenue (FY2025) $495M · FY2025

NOODLES & Co shows $495M in FY2025 revenue (-1.7% YoY), a -8.6% net margin, and 94.0% ROE.

Financials · annual, by fiscal year

Line itemFY20FY21FY23FY24FY25
Revenue$394M$475M$509M$503M$495M
Gross profit—————
Operating income-$20.0M$5.82M-$832K-$5.03M-$31.6M
Net income-$23.3M$3.67M-$3.31M-$9.86M-$42.6M
Diluted EPS-$0.53$0.08-$0.07-$1.72-$7.36
Net margin-5.9%0.8%-0.7%-2.0%-8.6%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$200M
EV / EBITDA—
EV / Sales0.4
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-46.1%
FCF yield-5.5%

Quality & risk

ROIC (est.)—
Free cash flow-$5.11M
Total debt$109M
Net cash-$108M
Altman Z-Score0.26 distress
Piotroski F-Score4/8

Capital returns

Buyback yield0.0%
Dividend yield (est.)—
Shareholder yield0.0%
Shares Δ YoY-87.1%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Some governance/structural items recently, but no outright red flags.
  1. 8-K Shareholder vote2026-05-14
  2. 10-Q Quarterly report2026-05-07
  3. 8-K Earnings results2026-05-06
  4. DEF 14A Proxy statement2026-04-01
  5. 8-K Officer / director change2026-03-30
  6. 10-K Annual report2026-03-26
  7. 8-K Earnings results2026-03-25
  8. 8-K Other event2026-03-09
  9. 8-K Material event2026-02-13

Recent filings

all on EDGAR ↗
4Period ending 2026-05-152026-05-19open ↗4Period ending 2026-05-152026-05-19open ↗4Period ending 2026-05-152026-05-19open ↗4Period ending 2026-05-152026-05-19open ↗4Period ending 2026-05-152026-05-19open ↗4Period ending 2026-05-152026-05-19open ↗4Period ending 2026-05-152026-05-19open ↗4Period ending 2026-05-152026-05-19open ↗4Period ending 2026-05-152026-05-19open ↗4Period ending 2026-05-152026-05-19open ↗SCHEDULE 13G/AFiling2026-05-15open ↗8-KPeriod ending 2026-05-132026-05-14open ↗

Quality score

F
ValueGrowthProfitHealthMom.
ValueA+
GrowthF
ProfitabilityF
Financial healthF
Momentum—
  • ✗Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✓Liabilities below 2× equity
Revenue
$495M
-1.7% YoY
Net margin
-8.6%
ROE
—
P/E
—

SEC fundamentals · FY 2025

'20'21'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$495M-1.7%
Net income-$42.6M-331.9%
Operating income-$31.6M-528.1%
Diluted EPS-$7.36-327.9%
Cash & equivalents$1.26M+10.1%
Total assets$262M-19.4%
Total liabilities$307M-7.0%
Stockholders' equity-$45.3M-266.8%
Op.: -6.4%L/E: -6.78x

Frequently asked

Is NOODLES & Co (NDLS) a buy?
NDLS currently carries a Avoid rating with 3/5 conviction, derived from its latest SEC filings. High return on equity (94.0%); but revenue declined -1.7% YoY.
What is NOODLES & Co's quality score?
NDLS scores 37.88235294117647/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001275158, latest 10-Q filed 2026-05-07) · EODHD · as of 6/23/2026, 1:55:37 AM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC
2026-05-15
Taylor Shawn A
Director
Award7.10K
2026-05-15
Schreiber Elisa
Director
Award7.10K
2026-05-15
Peakes Britain
Director
Award7.10K
2026-05-15
MADSEN ANDREW H
Director
Award7.10K
2026-05-15
JONES JEFFREY W
Director
Award10.7K
2026-05-15
Lockhart Kathryn Rae
Chief Accounting Officer
Tax416.00 @ $12.59$5.24K
2026-05-15
Lockhart Kathryn Rae
Chief Accounting Officer
Award4.74K
2026-05-15
Kline Corey
EVP - Technology
Tax416.00 @ $12.59$5.24K
2026-05-15
Kline Corey
EVP - Technology
Award4.74K
2026-05-15
Hynes Michael
Chief Financial Officer
Tax853.00 @ $12.59$10.7K
2026-05-15
Hynes Michael
Chief Financial Officer
Award12.6K

Earnings history

beat/miss · move
2026-05-06—▲ +1.16%8-K ↗
2026-03-25Beat +59.5% est▼ -7.48%8-K ↗
2026-01-12Beat +59.5% est▲ +14.60%8-K ↗
2025-11-05Beat +6.6% est▼ -3.53%8-K ↗
2025-08-13Miss -135.3% est▼ -7.27%8-K ↗
2025-05-07—▼ -0.98%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
Popular pasta chain closes 20 more restaurantsBullish
finance.yahoo.com· 2026-05-19
Noodles & Company raises guidance on strong first quarterBullish
finance.yahoo.com· 2026-05-06
Quant snapshot: Lumentum, Fastly among top-rated names as SUI Group, Service Properties lagBullish
seekingalpha.com· 2026-05-03
Noodles & Company considers ramen menuBullish
finance.yahoo.com· 2026-03-26
Noodles & Company Q4 2025 Earnings Call SummaryBullish
finance.yahoo.com· 2026-03-26
How 10 major restaurant chains are overhauling their strategiesBullish
finance.yahoo.com· 2026-03-26

Vs tracked universe

compare →

1044 tracked peers · median

EDGAR Score38 vs 67
Revenue growth-1.7% vs 7.1%
Net margin-8.6% vs 10.5%
Return on equity— vs 12.3%
P/E— vs 25.5

News sentiment

EODHD · 3d
Bullish
+0.17
vs typical · 3 articles
↑ improving

Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.