NOODLES & Co
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
NDLS$14.13+0.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(in thousands, except share and per share data)
| September 30,2025 | December 31,2024 | |
|---|---|---|
| (unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $4,694 | $1,149 |
| Accounts receivable | 4,109 | 4,058 |
| Inventories | 10,409 | 10,500 |
| Prepaid expenses and other assets | 4,271 | 4,156 |
| Income tax receivable | 336 | 329 |
| Total current assets | 23,819 | 20,192 |
| Property and equipment, net | 114,478 | 137,237 |
| Operating lease assets, net | 133,134 | 157,821 |
| Goodwill | 7,154 | 7,154 |
| Intangibles, net | 426 | 495 |
| Other assets, net | 1,561 | 1,749 |
| Total long-term assets | 256,753 | 304,456 |
| Total assets | $280,572 | $324,648 |
| Liabilities and Stockholders’ Deficit | ||
| Current liabilities: | ||
| Accounts payable | $18,792 | $13,194 |
| Accrued payroll and benefits | 10,138 | 7,632 |
| Accrued expenses and other current liabilities | 11,992 | 12,836 |
| Current operating lease liabilities | 29,728 | 32,055 |
| Total current liabilities | 70,650 | 65,717 |
| Long-term debt, net | 108,158 | 100,742 |
| Long-term operating lease liabilities, net | 130,872 | 156,723 |
| Deferred tax liabilities, net | 325 | 276 |
| Other long-term liabilities | 9,466 | 6,769 |
| Total liabilities | 319,471 | 330,227 |
| Stockholders’ deficit: | ||
| Preferred stock—$0.01 par value, 1,000,000 shares authorized and undesignated as of September 30, 2025 and December 31, 2024; no shares issued or outstanding | — | — |
| Common stock—$0.01 par value, 180,000,000 shares authorized as of September 30, 2025 and December 31, 2024; 49,198,586 issued and 46,774,715 outstanding as of September 30, 2025 and 48,161,878 issued and 45,738,007 outstanding as of December 31, 2024 | 492 | 482 |
| Treasury stock, at cost, 2,423,871 shares as of September 30, 2025 and December 31, 2024 | (35,000) | (35,000) |
| Additional paid-in capital | 215,826 | 213,396 |
| Accumulated deficit | (220,217) | (184,457) |
| Total stockholders’ deficit | (38,899) | (5,579) |
| Total liabilities and stockholders’ deficit | $280,572 | $324,648 |
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