# NOODLES & Co: overview

NDLS · Nasdaq · CIK 1275158 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 29

Pages: [Overview](/companies/ndls.md) · [Financials](/companies/ndls/financials.md) · [Filings](/companies/ndls/filings.md) · [Insiders](/companies/ndls/insiders.md)

Latest reported revenue: [$127.0m](/filings/0001275158-26-000049.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 24, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001275158-26-000049).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-10-01) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-04-01) | Q2 FY2025 (2025-07-01) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-30) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [123](/filings/0001275158-25-000102.md) | [122 d](/filings/0001275158-26-000021.md) | [124](/filings/0001275158-26-000037.md) | [126](/filings/0001275158-26-000049.md) | [122](/filings/0001275158-25-000102.md) | [123 d](/filings/0001275158-26-000021.md) | [124](/filings/0001275158-26-000037.md) | [127](/filings/0001275158-26-000049.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(3.9%)](/filings/0001275158-25-000102.md) | [(6.0%) d](/filings/0001275158-26-000021.md) | [(5.2%)](/filings/0001275158-26-000037.md) | [(11.7%)](/filings/0001275158-26-000049.md) | [(5.2%)](/filings/0001275158-25-000102.md) | [(3.3%) d](/filings/0001275158-26-000021.md) | [(0.7%)](/filings/0001275158-26-000037.md) | [(1.2%)](/filings/0001275158-26-000049.md) |
| Net margin | % | [(5.5%)](/filings/0001275158-25-000102.md) | [(8.0%) d](/filings/0001275158-26-000021.md) | [(7.3%)](/filings/0001275158-26-000037.md) | [(13.9%)](/filings/0001275158-26-000049.md) | [(7.5%)](/filings/0001275158-25-000102.md) | [(5.5%) d](/filings/0001275158-26-000021.md) | [(2.8%)](/filings/0001275158-26-000037.md) | [(3.1%)](/filings/0001275158-26-000049.md) |
| Diluted EPS | $ per share | [(0.15)](/filings/0001275158-25-000102.md) | not reported | [(1.58)](/filings/0001275158-26-000037.md) | [(3.04)](/filings/0001275158-26-000049.md) | [(0.20)](/filings/0001275158-25-000102.md) | not reported | [(0.58)](/filings/0001275158-26-000037.md) | [(0.67)](/filings/0001275158-26-000049.md) |
| Free cash flow | $m | [(1.3) d](/filings/0001275158-25-000102.md) | [(13.8) d](/filings/0001275158-26-000021.md) | [1.1](/filings/0001275158-26-000037.md) | [(4.3) d](/filings/0001275158-26-000049.md) | [1.4 d](/filings/0001275158-25-000102.md) | [(3.4) d](/filings/0001275158-26-000021.md) | [3.9](/filings/0001275158-26-000037.md) | [1.8 d](/filings/0001275158-26-000049.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-28) | FY2022 (2023-01-03) | FY2023 (2024-01-02) | FY2024 (2024-12-31) | FY2025 (2025-12-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [475](/filings/0001275158-24-000007.md) | [509](/filings/0001275158-25-000016.md) | [503](/filings/0001275158-26-000021.md) | [493](/filings/0001275158-26-000021.md) | [495](/filings/0001275158-26-000021.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [1.2%](/filings/0001275158-24-000007.md) | [(0.2%)](/filings/0001275158-25-000016.md) | [(1.0%)](/filings/0001275158-26-000021.md) | [(5.6%)](/filings/0001275158-26-000021.md) | [(6.4%)](/filings/0001275158-26-000021.md) |
| Net margin | % | [0.8%](/filings/0001275158-24-000007.md) | [(0.7%)](/filings/0001275158-25-000016.md) | [(2.0%)](/filings/0001275158-26-000021.md) | [(7.3%)](/filings/0001275158-26-000021.md) | [(8.6%)](/filings/0001275158-26-000021.md) |
| Diluted EPS | $ per share | [0.08](/filings/0001275158-24-000007.md) | [(0.07)](/filings/0001275158-25-000016.md) | [(1.72)](/filings/0001275158-26-000021.md) | [(6.37)](/filings/0001275158-26-000021.md) | [(7.36)](/filings/0001275158-26-000021.md) |
| Free cash flow | $m | [17.4](/filings/0001275158-24-000007.md) | [(24.3)](/filings/0001275158-25-000016.md) | [(24.5)](/filings/0001275158-26-000021.md) | [(21.2)](/filings/0001275158-26-000021.md) | [(5.1)](/filings/0001275158-26-000021.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/ndls/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Nantahala Capital Management, LLC](/funds/1472322.md) | 2026-06-30 | $8.3m | 553,746 |  | Unchanged |
| [Nantahala Capital Management, LLC](/funds/1472322.md) | 2026-06-30 | $8.3m | 553,746 |  | Unchanged |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $3.3m | 218,589 |  | Reduced −12,138 |
| [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $1.4m | 91,296 |  | Added +29,576 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.1m | 75,595 |  | Added +13,337 |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $932.8k | 62,397 |  | Added +42,225 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $836.4k | 55,949 |  | New +55,949 |
| [Assenagon Asset Management S.A.](/funds/1546007.md) | 2026-06-30 | $825.1k | 55,191 |  | New +55,191 |
| [Assenagon Asset Management S.A.](/funds/1546007.md) | 2026-06-30 | $825.1k | 55,191 |  | New +55,191 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $749.9k | 50,145 |  | Reduced −4,670 |

## Recent filings

[All 823 filings](/companies/ndls/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-07-24 | 09:17 ET | [10-Q](/filings/0001275158-26-000049.md) | Quarterly report, period 2026-06-30 | 0001275158-26-000049 |
| 2026-07-24 | 07:55 ET | [8-K](/filings/0001275158-26-000047.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001275158-26-000047 |
| 2026-05-14 | 16:06 ET | [8-K](/filings/0001275158-26-000039.md) | 5.07 Shareholder vote results | 0001275158-26-000039 |
| 2026-05-07 | 17:54 ET | [10-Q](/filings/0001275158-26-000037.md) | Quarterly report, period 2026-03-31 | 0001275158-26-000037 |
| 2026-05-06 | 16:09 ET | [8-K](/filings/0001275158-26-000036.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001275158-26-000036 |
| 2026-04-01 | 08:31 ET | [DEF 14A](/filings/0001275158-26-000030.md) | Proxy statement, period 2026-04-01 | 0001275158-26-000030 |
| 2026-03-30 | 17:52 ET | [8-K](/filings/0001275158-26-000023.md) | 5.02 Departure or appointment of officers or directors | 0001275158-26-000023 |
| 2026-03-26 | 18:32 ET | [10-K](/filings/0001275158-26-000021.md) | Annual report, period 2025-12-30 | 0001275158-26-000021 |
| 2026-03-25 | 16:12 ET | [8-K](/filings/0001275158-26-000019.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001275158-26-000019 |
| 2026-03-09 | 16:49 ET | [8-K](/filings/0001275158-26-000014.md) | 8.01 Other events | 0001275158-26-000014 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 30, 2025](/filings/0001275158-26-000021.md), filed Mar 26, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/1e2d83f1-c8a2-4bd5-9ddd-3b04fc2ddcf3)

## About the filer

- CIK: 1275158
- Tickers: NDLS
- Exchange: Nasdaq
- SIC code: 5812 Retail-Eating  Places
- State of incorporation: not reported
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:35 ET. No prices; not investment advice.
