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Noble Roman's, Inc. reports on its pizza franchising and restaurant operations, including the Noble Roman's Pizza brand and Noble Roman's Craft Pizza & Pub. Company updates commonly cover quarterly and annual earnings, non-traditional franchise unit growth, same-store sales and margin contribution in company-owned Craft Pizza & Pub locations, and menu promotions.
News also includes public-company items such as auditor engagement, conference calls, debt maturity and senior lending facility changes, and other financing matters tied to the company's capital structure.
Noble Roman's (OTCQB:NROM) reported 2025 net income before taxes of $1,590,696 versus a 2024 loss, and net income after taxes of $1,173,224 or $0.05 per basic share. Total revenue rose to $16.46 million from $15.15 million.
Franchising revenue grew 12.1%, Craft Pizza & Pub same-store sales increased 2.3% without menu price hikes, and overall operating margin improved from 9.2% to 10.1%. General and administrative expenses fell 12.7%, while interest expense declined about $0.3 million.
The company opened about 60 new franchised Pizza Program units in 2025 and expects 60–70 more in 2026. Noble Roman's is pursuing refinancing to repay its Corbel loan, subordinated notes, and purchase and cancel Corbel warrants for $500,000.
Noble Roman's (OTCQB:NROM) reported third quarter 2025 results and company highlights on November 14, 2025, while its auditor completes a technical review of the company's warrant liability.
Key third-quarter metrics: Net income before taxes $578,918 (vs $193,314 in Q3 2024), total revenue $4.14M (+6.8% YoY), and same-store sales +4.2% in Craft Pizza & Pub. Nine more franchised Pizza Program units were sold than opened year-to-date, and the company may open up to 27 franchised locations by year-end.
Noble Roman's (OTCQB:NROM) announced the engagement of Stephano Slack LLC as its independent auditor for the consolidated financial statements for the year-ended December 31, 2025 and for quarterly reviews. Stephano Slack is a PCAOB-registered firm headquartered in the Philadelphia area with regional offices and experience auditing public and middle-market companies.
The release reiterates forward-looking statement risks including remediation of a material weakness in controls over financial reporting, franchise development and operational risks, and general economic and supply-cost pressures.
Noble Roman's (OTCQB:NROM), a pizza franchise company, reported substantial Q2 2025 financial growth with Net Income Before Taxes of $490,417, up from $56,858 in Q2 2024. Total revenue increased 4.5% to $4.1 million, with same-store sales in company-owned Craft Pizza & Pub locations rising 4.5% despite challenging industry conditions.
Key highlights include improved margin contributions across segments, with the Convenience Store Pizza Program achieving a 72.5% margin rate. The company's trailing 12-month EBITDA reached $3.5 million by June 30, 2025. Noble Roman's is actively seeking new financing to retire current debt obligations and has extended its Corbel Capital Partners loan maturity to June 2026.
Noble Roman's (NROM) has launched its new 'Xtra-Stuffed Crust Pizza' at all 9 Indianapolis metro area Noble Roman's Craft Pizza & Pub locations. The limited-time offering features double the amount of real Mozzarella cheese in the hand-rolled crust compared to the pizza's top.
The pizza's unique features include a blend of Muenster cheese for extra creaminess, a pinch of oregano for authentic Italian flavor, and scratch-made dough that proofs for 24 hours. Each order comes with a complimentary buttery garlic dipping sauce and customers can choose from 30 different toppings.
["Introduction of premium product with double cheese content", "Available across all 9 Indianapolis metro locations", "Includes free buttery garlic dipping sauce", "Features scratch-made dough with 24-hour proofing process"]Noble Roman's (OTCQB:NROM), a pizza franchise company, reported strong Q1 2025 financial results. The company achieved a significant turnaround with net income before taxes of $171,885 compared to a net loss of $86,477 in Q1 2024. Total revenue increased by 2.6% to $3.8 million despite challenging weather conditions.
The company's Craft Pizza & Pub segment showed resilience with same-store sales growth of 1.2% in Q1, followed by stronger growth of 2.7% in April and 9.3% in May 2025. The non-traditional franchise segment is projected to add 60-70 new units in 2025, building on the 68 units opened in 2024.
Noble Roman's is working with a new placement agent to secure financing to retire current debt obligations, including the Corbel Capital Partners loan which has been extended to June 30, 2026.
Noble Roman's (OTCQB:NROM) has secured an extension of its senior lending facility with Corbel Capital Partners until June 30, 2026. The new agreement modifies the interest terms to SOFR +9.0% with no PIK interest, compared to the previous SOFR +7.75% plus 3% PIK interest structure.
Key changes include:
- Monthly principal payments increased from $83,333 to $91,667
- Extension fee of approximately $66,000 paid at closing
- Corbel's warrant exercise period extended to February 2030
- Warrant exercise price reduced from $0.30 to $0.10 per share
- New warrant issued for up to 750,000 shares
Additional warrants will be issued if the senior note isn't redeemed by August 14, 2025, including 500,000 shares initially and 250,000 shares monthly thereafter.
Noble Roman's (OTCQB:NROM) has secured a 60-day extension of its senior lending facility with Corbel Capital Partners until April 7, 2025. The extension aims to provide time to secure optimal terms for the company's financial restructuring, including the repayment of both Corbel loan and subordinated debt.
The company reports a strong start to 2025 in its non-traditional franchising segment, particularly in convenience stores, with new units both sold and opened in January. This performance is notable as Q1 typically experiences slower convenience store franchise growth. Based on this early momentum, Noble Roman's expresses optimism about matching or exceeding its 2024 unit growth figures.