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$13.90-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in thousands, unaudited)
| Three Fiscal Quarters Ended | ||
|---|---|---|
| September 30,2025 | October 1,2024 | |
| Operating activities | ||
| Net loss | $(35,760) | $(26,520) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 20,833 | 21,985 |
| Deferred income taxes, net | 49 | 48 |
| Restaurant impairments, closure costs and asset disposals | 17,703 | 11,357 |
| Amortization of debt issuance costs | 658 | 412 |
| Stock-based compensation | 2,613 | 3,276 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (216) | 1,013 |
| Inventories | (383) | (496) |
| Prepaid expenses and other assets | (38) | (1,299) |
| Accounts payable | 6,353 | 5,390 |
| Income taxes | (7) | (25) |
| Operating lease assets and liabilities | (3,183) | (1,044) |
| Accrued expenses and other liabilities | (265) | 3,448 |
| Net cash provided by operating activities | 8,357 | 17,545 |
| Investing activities | ||
| Purchases of property and equipment | (10,055) | (24,974) |
| Proceeds from refranchising transactions | — | 2,053 |
| Net cash used in investing activities | (10,055) | (22,921) |
| Financing activities | ||
| Net payments from swing line loan | (6,592) | (4,772) |
| Proceeds from borrowings on long-term debt | 13,350 | 12,500 |
| Payments on finance leases | (1,342) | (1,833) |
| Stock plan transactions and tax withholding on share-based compensation awards | (173) | (224) |
| Net cash provided by financing activities | 5,243 | 5,671 |
| Net increase in cash and cash equivalents | 3,545 | 295 |
| Cash and cash equivalents | ||
| Beginning of period | 1,149 | 3,013 |
| End of period | $4,694 | $3,308 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.