NOODLES & Co

For the period ended Mar 31, 2026. Filed May 7, 2026.

About this filing

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.

Mar 31, 2026 · Filed May 7, 2026

NDLS$13.90-1.6%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Balance Sheets

(in thousands, except share and per share data)

	March 31,2026	December 30,2025
(unaudited)
Assets
Current assets:
Cash and cash equivalents	$1,444	$1,265
Accounts receivable	4,291	4,064
Inventories	9,580	10,218
Prepaid expenses and other assets	2,431	3,034
Income tax receivable	314	312
Total current assets	18,060	18,893
Property and equipment, net	102,498	107,359
Operating lease assets, net	116,859	126,319
Goodwill	7,154	7,154
Intangibles, net	406	420
Other assets, net	1,338	1,526
Total long-term assets	228,255	242,778
Total assets	$246,315	$261,671
Liabilities and Stockholders’ Deficit
Current liabilities:
Accounts payable	$16,361	$16,545
Accrued payroll and benefits	11,487	7,235
Accrued expenses and other current liabilities	10,813	11,808
Current operating lease liabilities	25,691	26,257
Total current liabilities	64,352	61,845
Long-term debt, net	105,597	108,776
Long-term operating lease liabilities, net	115,856	126,924
Deferred tax liabilities, net	322	316
Other long-term liabilities	8,231	9,115
Total liabilities	294,358	306,976
Stockholders’ deficit:
Preferred stock—$0.01 par value, 1,000,000 shares authorized and undesignated as of March 31, 2026 and December 30, 2025; no shares issued or outstanding	—	—
Common stock—$0.01 par value, 180,000,000 shares authorized as of March 31, 2026 and December 30, 2025; 6,195,034 issued and 5,892,050 outstanding as of March 31, 2026 and 6,155,333 issued and 5,852,349 outstanding as of December 30, 2025 (1)	62	62
Treasury stock, at cost, 302,984 shares as of March 31, 2026 and December 30, 2025 (1)	(35,000)	(35,000)
Additional paid-in capital	217,337	216,658
Accumulated deficit	(230,442)	(227,025)
Total stockholders’ deficit	(48,043)	(45,305)
Total liabilities and stockholders’ deficit	$246,315	$261,671

(1) Shares have been retroactively adjusted to reflect the decreased number of shares resulting from a 1-for-8 reverse stock split effectuated on February 18, 2026.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.