Noodles & Company (NDLS)

Noodles & Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jul 1, 2025	Dec 31, 2024	Jan 2, 2024	Jan 3, 2023	Dec 28, 2021	Dec 29, 2020
Revenue	494.75	493.27	503.41	509.48	475.15	393.66
Revenue Growth (YoY)	-1.23%	-2.01%	-1.19%	7.22%	20.70%	-14.87%
Cost of Revenue	427.38	419.35	419.19	429.32	393.08	342.12
Gross Profit	67.38	73.92	84.21	80.17	82.08	51.54
Selling, General & Admin	49.43	50.82	51.83	49.9	47.54	42.88
Operating Expenses	78.78	81.43	80.84	74.83	70.53	65.03
Operating Income	-11.4	-7.51	3.37	5.33	11.54	-13.49
Interest Expense	-9.81	-8.38	-4.8	-2.45	-2.08	-3.15
EBT Excluding Unusual Items	-21.21	-15.89	-1.43	2.89	9.46	-16.64
Merger & Restructuring Charges	-2.02	-2.34	-1.2	-1.29	-	-
Gain (Loss) on Sale of Assets	-5.08	-4.49	-4.22	-3.52	-1.06	-1.89
Asset Writedown	-14.82	-13.44	-2.99	-1.36	-4.66	-4.65
Pretax Income	-43.13	-36.16	-9.83	-3.28	3.74	-23.18
Income Tax Expense	-0.08	0.05	0.02	0.04	0.07	0.08
Net Income	-43.06	-36.21	-9.86	-3.31	3.67	-23.26
Net Income to Common	-43.06	-36.21	-9.86	-3.31	3.67	-23.26
Shares Outstanding (Basic)	46	45	46	46	45	44
Shares Outstanding (Diluted)	46	45	46	46	46	44
Shares Change (YoY)	0.98%	-0.87%	-0.11%	-0.46%	4.18%	-1.57%
EPS (Basic)	-0.94	-0.80	-0.21	-0.07	0.08	-0.53
EPS (Diluted)	-0.94	-0.80	-0.21	-0.07	0.08	-0.53
Free Cash Flow	-18.24	-21.21	-24.55	-24.33	17.39	-2.66
Free Cash Flow Per Share	-0.40	-0.47	-0.54	-0.53	0.38	-0.06
Gross Margin	13.62%	14.99%	16.73%	15.73%	17.27%	13.09%
Operating Margin	-2.31%	-1.52%	0.67%	1.05%	2.43%	-3.43%
Profit Margin	-8.70%	-7.34%	-1.96%	-0.65%	0.77%	-5.91%
Free Cash Flow Margin	-3.69%	-4.30%	-4.88%	-4.78%	3.66%	-0.68%
EBITDA	17.16	21.56	30.16	28.6	33.88	8.22
EBITDA Margin	3.47%	4.37%	5.99%	5.61%	7.13%	2.09%
D&A For EBITDA	28.56	29.07	26.79	23.27	22.33	21.71
EBIT	-11.4	-7.51	3.37	5.33	11.54	-13.49
EBIT Margin	-2.31%	-1.52%	0.67%	1.05%	2.43%	-3.43%
Effective Tax Rate	-	-	-	-	1.87%	-
Revenue as Reported	494.75	493.27	503.41	509.48	475.15	393.66

Updated Aug 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q