Every 10-Q that Noodles & Company (NDLS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NDLS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NDLS filings page.
Noodles & Company reported second-quarter 2026 revenue of $127.0 million, essentially flat year over year, but narrowed its net loss to $3.95 million from $17.6 million. Adjusted EBITDA improved to $10.8 million, and restaurant contribution margin expanded to 17.2% from 12.8%.
System-wide comparable restaurant sales rose 10.3%, including 11.4% at company-owned units, aided by menu pricing, mix, reduced food waste and labor efficiencies. The footprint shrank to 396 restaurants after 22 company-owned and 5 franchise closures in the first half, with additional closures expected in 2026.
Leverage remains elevated: at June 30, 2026 the company held $1.3 million in cash against $105.4 million of debt under its A&R Credit Agreement and a stockholders’ deficit of $51.0 million. The credit facility matures on July 27, 2027, and the board’s previously announced strategic review, including refinancing and potential transactions, remains ongoing. A 1-for-8 reverse stock split was effected in February 2026.
Noodles & Company narrowed its quarterly loss as stronger restaurant performance offset a smaller store base. Total revenue was $123.8 million, essentially flat year over year, but net loss improved to $3.4 million from $9.1 million, or $0.58 per share after a 1-for-8 reverse stock split.
System-wide comparable restaurant sales rose 9.1%, and average unit volumes increased 13.5% to $1.49 million, helped by menu innovation and closures of underperforming locations. Restaurant contribution margin expanded to 14.9% from 10.3%, and adjusted EBITDA rose to $7.7 million. The company closed 20 company-owned restaurants, ended the quarter with 400 locations, and carried $106.8 million of debt against $1.4 million of cash while remaining in compliance with credit covenants and continuing a strategic review of alternatives.
Noodles & Company reported third-quarter 2025 results with total revenue of $122.086 million, slightly down from $122.751 million a year ago, and a net loss of $9.151 million versus $6.755 million. Loss per share was $0.20. Comparable restaurant sales rose 4.0% system-wide, reflecting a 4.0% gain at company-owned locations and 4.3% at franchise restaurants.
Profitability was pressured by higher impairment and closure costs of $5.681 million and interest expense of $2.827 million. Still, restaurant contribution margin improved to 13.2% from 12.8%, and adjusted EBITDA increased to $6.498 million from $4.896 million. The company closed 15 restaurants in the quarter (24 year-to-date) as it rationalizes underperforming units.
As of September 30, 2025, cash was $4.694 million and debt under the credit facility totaled $109.8 million, with covenant compliance affirmed. Operating cash flow for the first three quarters was $8.357 million. The Board’s strategic review announced on September 3, 2025 remains in process.