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 Operations
(in thousands, except share and per share data, unaudited)
| Fiscal Quarter Ended | Three Fiscal Quarters Ended | |||
|---|---|---|---|---|
| September 30,2025 | October 1,2024 | September 30,2025 | October 1,2024 | |
| Revenue: | ||||
| Restaurant revenue | $119,579 | $120,163 | $364,686 | $363,897 |
| Franchising royalties and fees, and other | 2,507 | 2,588 | 7,627 | 7,600 |
| Total revenue | 122,086 | 122,751 | 372,313 | 371,497 |
| Costs and expenses: | ||||
| Restaurant operating costs (exclusive of depreciation and amortization shown separately below): | ||||
| Cost of sales | 30,709 | 30,665 | 95,862 | 91,223 |
| Labor | 37,499 | 38,423 | 116,174 | 115,791 |
| Occupancy | 11,076 | 11,543 | 33,963 | 34,985 |
| Other restaurant operating costs | 24,558 | 24,124 | 74,628 | 71,514 |
| General and administrative | 12,272 | 12,892 | 37,486 | 39,503 |
| Depreciation and amortization | 6,604 | 7,248 | 20,833 | 21,985 |
| Pre-opening | 6 | 454 | 226 | 1,422 |
| Restaurant impairments, closure costs and asset disposals | 5,681 | 2,202 | 20,625 | 15,488 |
| Total costs and expenses | 128,405 | 127,551 | 399,797 | 391,911 |
| Loss from operations | (6,319) | (4,800) | (27,484) | (20,414) |
| Interest expense, net | 2,827 | 2,082 | 8,227 | 6,058 |
| Loss before income taxes | (9,146) | (6,882) | (35,711) | (26,472) |
| Provision for (benefit from) income taxes | 5 | (127) | 49 | 48 |
| Net loss | $(9,151) | $(6,755) | $(35,760) | $(26,520) |
| Loss per Class A and Class B common stock, combined | ||||
| Basic and diluted | $(0.20) | $(0.15) | $(0.78) | $(0.58) |
| Weighted average shares of Class A and Class B common stock outstanding, combined: | ||||
| Basic and diluted | 46,458,845 | 45,639,662 | 46,134,976 | 45,389,989 |
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