Welcome to our dedicated page for Noble Romans SEC filings (Ticker: NROM), 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.
The Noble Roman’s, Inc. (OTCQB:NROM) SEC filings page on Stock Titan provides access to the company’s public reports filed with the U.S. Securities and Exchange Commission, along with AI-powered summaries to help interpret the disclosures. Noble Roman’s, an Indianapolis-based franchisor, licensor and operator of Noble Roman’s Pizza and Noble Roman’s Craft Pizza & Pub, reports detailed financial and operational information through its periodic and current filings.
Investors can review annual reports on Form 10-K for a comprehensive view of consolidated balance sheets, statements of operations, segment revenue from company-owned Craft Pizza & Pub restaurants, company-owned non-traditional locations, franchising revenue, and administrative fees and other income. The 10-K also discusses items such as deferred tax assets, deferred contract costs, operating lease right-of-use assets, senior loans, convertible notes, warrant liabilities and other long-term obligations, as well as risk factors and forward-looking statement disclosures.
Quarterly reports on Form 10-Q provide interim updates on revenue, expenses, operating income, interest expense and net income or loss, along with segment performance metrics and balance sheet changes. When a report is delayed, Noble Roman’s may file a Form 12b-25 (NT 10-Q), as it has done to explain additional time needed to complete review procedures with a newly engaged independent auditor.
Current reports on Form 8-K detail material events such as changes in directors, board appointments, annual meeting quorum outcomes, financing amendments and other significant corporate developments. These filings can include information about extensions of the senior lending facility with Corbel Capital Partners, modifications to interest terms and warrant arrangements, and governance changes.
On Stock Titan, AI-generated highlights help users quickly understand key points from lengthy 10-K, 10-Q and 8-K filings, while links to the full EDGAR documents allow deeper review. Users can also reference filings related to auditor changes and other disclosure items to build a more complete picture of NROM’s financial reporting history and corporate structure.
Noble Romans, Inc. received an updated ownership report from Corbel Capital entities and two individuals. Corbel Capital Partners holds warrants to buy 5,000,000 shares of common stock, but these are subject to a 9.9999% ownership blocker.
Because of this blocker, the group reports beneficial ownership of 9.9% of the common stock, based on 22,215,512 shares outstanding as of November 25, 2025. All reporting persons share voting and dispositive power over the warrant shares and certify they are not seeking to change or influence control of Noble Romans.
Noble Roman’s, Inc. reported stronger results for the quarter and nine months ended September 30, 2025. Total Q3 revenue rose to $4.1 million from $3.9 million, while net income increased to $639,792 from $193,314, or basic earnings of $0.03 per share. For the first nine months, revenue reached $12.0 million and net income was $1.14 million, up from $163,695, with basic earnings of $0.05 per share.
Craft Pizza & Pub restaurants and franchising both grew modestly, with same-store sales in the full-service format up 4.2% in Q3 and 3.4% year-to-date, and franchising margins near 68% in the quarter. The company opened 31 new non-traditional franchise locations in 2025 through September and expects about 27 more by year-end. Cash from operations was $915,626 year-to-date and cash on hand was $719,500, but the balance sheet remains highly leveraged, including a $6.1 million Senior Note now classified as current as the company pursues a planned refinancing it believes can reduce interest costs without equity dilution.
Noble Romans (NROM): Schedule 13G/A discloses that Corbel Capital Partners and affiliates report beneficial ownership tied to warrants for 4,250,000 shares of common stock. The warrants include a 9.9999% Warrant Blocker, meaning they cannot be exercised to push Corbel’s beneficial ownership above that level and, as a result, the actual currently beneficially owned amount is less than the full warrant total.
As of the filing, Corbel and related reporting persons have shared voting and dispositive power over 4,250,000 shares and no sole power. The blocker may be increased or decreased by Corbel upon 61 days’ notice. The ownership percentage reference is based on 22,215,512 shares outstanding as of August 25, 2025. The filers certify a passive intent consistent with Schedule 13G.
Noble Roman’s, Inc. reported that director Marcel Herbst resigned from its Board effective September 16, 2025, stating his departure was not due to any dispute or disagreement with the company or the Board. The Board appointed attorney Jeffrey D. Roberts as a Class I Director to fill the vacancy, with compensation aligned to other non-employee directors.
The company also convened its 2025 Annual Meeting of Shareholders on September 16, 2025 but adjourned it without voting because a quorum was not reached. As of the August 25, 2025 record date, 22,215,512 common shares were outstanding, requiring 11,107,757 shares for a quorum, while 8,665,422 votes were represented in person or by proxy.