Welcome to our dedicated page for Noodles & Co SEC filings (Ticker: NDLS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Noodles & Company filings document the public-company records of a fast-casual restaurant operator with company-owned and franchised locations. Form 8-K reports furnish quarterly and annual operating results, comparable restaurant sales, restaurant contribution margin, adjusted EBITDA and business outlook disclosures, while also recording material events affecting securities and listing status.
Proxy materials and related filings cover stockholder voting matters, board governance, director elections, executive compensation and amendments to the company’s charter. The filing record also documents Class A common stock matters, including the approved 1-for-8 reverse stock split, related certificate amendment, and subsequent Nasdaq minimum-bid-price compliance disclosure.
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.
Noodles & Company announced that it furnished a press release detailing earnings and other financial results for the fiscal quarter ended September 30, 2025. Management reviewed these results on a conference call at 4:30 p.m. (EST) on November 5, 2025. The press release is included as Exhibit 99.1 to this report and is furnished, not filed, under the Exchange Act.
Christina Joseph, who is listed as CEO, President and a Director of Noodles & Company (NDLS), reported an award of 250,000 restricted stock units (RSUs) on 08/31/2025. Each RSU represents one share of Class A common stock and was granted at a $0 price. Following the grant, Ms. Joseph beneficially owns 410,000 shares. The RSUs vest in four equal installments beginning on August 31, 2026. The Form 4 was signed on behalf of the reporting person by Kathryn Lockhart on 09/03/2025. The filing shows a standard insider equity award with a multi-year vesting schedule.
Noodles & Company reported that its board has begun a formal review of strategic alternatives to explore ways to maximize shareholder value. The review may consider several options, including refinancing the company’s existing debt, refranchising some or all of its restaurants, selling all or part of the business, or pursuing other strategic or financial transactions.
The company disclosed this decision through a press release dated September 3, 2025, which is attached as an exhibit. The filing does not indicate that any specific transaction has been agreed to yet, only that a broad evaluation process is underway.
Noodles & Company filed a current report stating that it issued a press release with earnings and other financial results for its fiscal quarter ended July 1, 2025. Management planned to review these results on a conference call at 4:30 p.m. EST on August 13, 2025.
The press release with the detailed financial information is included as Exhibit 99.1 to the report and is furnished rather than filed, meaning it is not subject to certain Exchange Act liabilities and is not automatically incorporated into other SEC filings unless specifically referenced.
Noodles & Company (NDLS) has received a notification from Nasdaq on June 24, 2025, indicating non-compliance with the exchange's minimum bid price requirement. The company's stock has traded below the required $1.00 per share threshold for 30 consecutive business days.
Key compliance details:
- Company has 180 calendar days (until December 22, 2025) to regain compliance
- Must maintain $1.00+ closing bid price for minimum of 10 consecutive business days
- May be eligible for additional 180-day compliance period if transferred to Nasdaq Capital Market
- Company considering all options including potential reverse stock split
While the notice has no immediate effect on NDLS's listing status, failure to regain compliance could result in delisting from Nasdaq Global Select Market. Management is actively monitoring the situation but cannot guarantee successful resolution of the compliance issue.