Noodles & Company
NDLS Consumer Cyclical Restaurants
Noodles & Company’s revenue for fiscal 2025 (year ended December 2025) was $495.1 million, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 78.0%, free cash flow grew 142.2% and total debt fell 1.91%, each against the same quarter a year earlier.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
1.27 | 1.15 | 3.01 | 1.52 | 2.26 | 7.84 | 10.46 | 4.66 | 3.36 | 1.84 |
Receivables |
4.38 | 4.39 | 5.48 | 6.62 | 4.07 | 3.47 | 3.61 | 2.58 | 2.51 | 5.69 |
Inventory |
10.22 | 10.50 | 10.25 | 10.04 | 9.40 | 9.64 | 9.87 | 9.65 | 9.93 | 11.29 |
Total current assets |
18.89 | 20.19 | 22.62 | 21.64 | 22.56 | 23.71 | 29.32 | 23.35 | 22.06 | 25.79 |
Property, Plant, Equpment (Net) |
107.36 | 137.24 | 152.18 | 129.39 | 119.28 | 122.92 | 128.87 | 138.77 | 152.59 | 173.53 |
Goodwill and Intangible Assets (Total) |
7.57 | 7.65 | 7.69 | 7.76 | 7.82 | 7.91 | 8.04 | 7.69 | 7.97 | 8.12 |
Long-term assets (Other) |
1.53 | 1.75 | 1.75 | 1.67 | 3.36 | 3.47 | 2.58 | 2.22 | 2.62 | 2.03 |
Total non-current assets |
242.78 | 304.46 | 345.47 | 322.21 | 318.90 | 329.92 | 349.20 | 148.68 | 163.18 | 183.67 |
Total Assets |
261.67 | 324.65 | 368.10 | 343.84 | 341.46 | 353.63 | 378.52 | 172.03 | 185.23 | 209.46 |
Accounts Payable |
16.55 | 13.19 | 16.69 | 15.31 | 15.54 | 6.40 | 9.35 | 7.85 | 10.93 | 10.60 |
Accrued Expenses |
19.04 | 20.47 | 20.72 | 20.22 | 32.39 | 24.51 | 25.16 | 24.57 | 32.94 | 38.43 |
Current Part of Debt |
— | — | — | — | 2.03 | 1.13 | 0.75 | 0.72 | — | — |
Total current liabilities |
61.85 | 65.72 | 67.51 | 64.11 | 76.58 | 58.13 | 58.03 | 33.15 | 43.87 | 49.03 |
Long Term Debt (Total) |
108.78 | 100.74 | 80.22 | 46.05 | 18.93 | 40.95 | 40.50 | 44.18 | 57.62 | 84.68 |
Long Term Tax Liability (Deferred) |
0.32 | 0.28 | 0.26 | 0.23 | 0.27 | 0.24 | 0.20 | 0.13 | 0.42 | 0.44 |
Non-current Liabilities (Other) |
9.12 | 6.77 | 6.66 | 7.77 | 7.80 | 14.16 | 4.20 | 41.89 | 47.46 | 49.50 |
Total non-current liabilities |
245.13 | 264.51 | 273.42 | 241.37 | 227.24 | 265.80 | 269.91 | 86.20 | 105.50 | 134.61 |
Total liabilities |
306.98 | 330.23 | 340.94 | 305.48 | 303.83 | 323.93 | 327.95 | 119.35 | 149.37 | 183.64 |
Additional Paid In Capital |
216.66 | 213.82 | 209.93 | 211.27 | 207.23 | 202.97 | 200.59 | 198.35 | 171.61 | 124.27 |
Common Stock (Net) |
0.06 | 0.06 | 0.47 | 0.49 | 0.48 | 0.47 | 0.47 | 0.46 | 0.44 | 0.30 |
Retained Earnings |
(227.02) | (184.46) | (148.24) | (138.39) | (135.07) | (138.74) | (115.48) | (111.13) | (101.19) | (63.71) |
Treasury Stock |
35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 |
Common Equity (Total) |
(45.30) | (5.58) | 27.16 | 38.36 | 37.63 | 29.70 | 50.57 | 52.68 | 35.86 | 25.82 |
Shareholders Equity (Total) |
(45.30) | (5.58) | 27.16 | 38.36 | 37.63 | 29.70 | 50.57 | 52.68 | 35.86 | 25.82 |
Shareholders Equity and Liabilities (Total) |
261.67 | 324.65 | 368.10 | 343.84 | 341.46 | 353.63 | 378.52 | 172.03 | 185.23 | 209.46 |
Shares (Common) |
5.85 | 5.72 | 5.62 | 5.76 | 5.71 | 5.55 | 5.52 | 5.49 | 5.14 | 3.48 |
Shareholders Equity (Tangible) |
(52.88) | (13.23) | 19.47 | 30.60 | 29.81 | 21.79 | 42.53 | 44.99 | 27.90 | 17.70 |
Net Debt |
107.51 | 99.59 | 77.21 | 44.53 | 18.71 | 34.23 | 30.79 | 40.25 | 54.26 | 82.84 |
Total Debt |
108.78 | 100.74 | 80.22 | 46.05 | 20.96 | 42.07 | 41.25 | 44.90 | 57.62 | 84.68 |