Noodles & Company
Serving cooked-to-order noodle and pasta dishes across a company-owned and franchised restaurant network.
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Profile
Serving globally inspired noodle and pasta dishes, soups, salads, and appetizers through a fast-casual restaurant model. Revenue is generated through a mix of company-owned and franchised restaurants within one reportable segment.
Founded in Denver in 1995, the chain serves cooked-to-order noodle and pasta dishes inspired by multiple cuisines, with soups, salads, and appetizers alongside them. Its fast-casual model is built around fresh ingredients and flavors.
The restaurant base is concentrated in the United States, operating across 31 states through a mix of company-owned and franchised locations. Company-owned and franchise-owned restaurants make up its single operating and reportable segment.
A portfolio-optimization program has included closures of underperforming restaurants, while the board's ongoing strategic-alternatives review includes potential refinancing, refranchising, or a transaction involving all or part of the business.
Company facts
Categories
Key statistics
Year to date +148% · Average volume (30d) 70.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating |
|---|---|---|---|---|
| Aug 15, 2025 | Benchmark | Downgrade | Buy | Hold |
| Aug 15, 2025 | The Benchmark Company | Downgrade | Buy | Hold |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 24, 2026Q2 FY26 | −$0.05 | $0.18 | +460.0% | $119.4M | $127.0M | +6.4% | −7.23% |
| May 6, 2026Q1 FY26 | −$0.61 | −$0.44 | +27.9% | $121.5M | $123.8M | +1.9% | +6.01% |
| Mar 25, 2026Q4 FY25 | −$0.72 | −$0.43 | +40.3% | $122.4M | $122.8M | +0.3% | +55.61% |
| Nov 5, 2025Q3 FY25 | −$0.09 | −$0.10 | −11.1% | $122.4M | $122.1M | −0.3% | +13.26% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $123.8M | $126.4M | $122.1M | $122.8M | $123.8M | $127.0M | |
| Gross profit | $40.6M | $42.9M | $42.8M | −$82.3M | $14.4M | $49.1M | |
| Operating income | −$6.4M | −$14.8M | −$6.3M | $22.4M | $1.9M | −$1.5M | |
| Net income | −$9.1M | −$17.6M | −$9.2M | −$6.8M | −$3.4M | −$4.0M | |
| Diluted EPS | −$1.60 | −$3.04 | −$1.60 | −$1.16 | −$0.58 | −$0.67 | |
| Gross margin | 32.8% | 33.9% | 35.1% | -67.0% | 11.7% | 38.7% | |
| Operating margin | -5.2% | -11.7% | -5.2% | 18.2% | 1.6% | -1.2% |
Fiscal years (4-quarter sums)FY21 $475.2M · FY22 $509.5M · FY23 $503.4M · FY24 $493.3M · FY25 $495.1M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.3M · Total debt $242.5M · Total assets $235.8M · Shareholders' equity −$51.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 5.97M · Float 3.54M · 59.3% free float
A split settled inside the quarter being compared, so quarter-on-quarter change is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Nantahala Capital Management, LLC | 553.7K | 9.46% | 13G | May 15, 2026 |
| Galloway Capital Partners, LLC | 512.8K | 8.78% | 13D | Feb 24, 2026 |
| Vanguard Capital Management LLC | 230.7K | 3.87% | 13F | May 15, 2026 |
| Joseph Christina · director, officer: CEO and President | 82.1K | 1.38% | Form 4 | May 19, 2026 |
| BlackRock, Inc. | 62.3K | 1.04% | 13F | May 13, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Chipotle Mexican Grill
Large Mexican fast-casual rival for lunch, dinner, and digital orders
- CAVA
Mediterranean fast-casual rival with customizable bowls and pitas
- Sweetgreen
Health-oriented fast-casual alternative for customizable lunch and dinner
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Noodles & Company | $14.78 | +0.31% | $88.2M | — | — | 0.2 | +0.5% |
| Chipotle Mexican Grill | $38.00 | −0.08% | $48.78B | 34.9 | 30.0 | 3.9 | +9.3% |
| CAVA | $66.76 | −0.26% | $7.80B | 121.3 | 110.1 | 5.7 | +31.3% |
| Sweetgreen | $7.08 | +1.51% | $828.2M | 69.7 | — | 1.2 | +3.8% |
| Median | 69.7 | 70.1 | 3.9 | +9.3% |





