Filing Flows › Noodles (NDLS) › Q1 2025
Noodles (NDLS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Noodles (NDLS) reported revenue of $124M for the first quarter 2025 (Q1 2025), +2% from a year earlier and +2% from the quarter before. Operating margin was -5.2%, net loss $9.1M (7.3% of revenue).
Noodles, Q1 2025: revenue $124M (+2% year over year), operating margin -5.2%, net loss $9.1M, operating cash flow $4.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $124M | +2% | +2% |
| Operating profit | −$6.4M | — | — |
| Net earnings | −$9.1M | — | — |
| Operating cash flow | $4.0M | — | -42% |
| Free cash flow | $1.1M | — | — |
What changed
Revenue was $123.8M in Q1 2025, up 2% year over year and up 2% from the previous quarter. Restaurant revenue was the largest line at 98% of revenue. Restaurant revenue added $2.3M year over year (up 2%), 97% of the total change.
Operating costs exceeded revenue by $6.4M, an operating margin of -5.2%. Total costs grew 4% against revenue growth of 2%. The quarter ended with a net loss of $9.1M, narrower than the previous quarter's $9.7M loss.
Operating cash flow was $4.0M (down 42% year over year). Non-cash charges added back $7.1M of depreciation and amortization and $771K of share-based compensation. Working capital and other items added $5.2M. Capital expenditures of $2.9M left free cash flow of $1.1M.
Questions
What was Noodles' revenue in the first quarter 2025?
Noodles (NDLS) reported revenue of $124M for the first quarter 2025 (Q1 2025), +2% from a year earlier and +2% from the quarter before.
Was Noodles profitable in the first quarter 2025?
Operating loss was $6.4M (-5.2% of revenue) and net loss $9.1M.
Source: Noodles 10-Q on SEC EDGAR.