Filing Flows › Noodles (NDLS) › Q1 2026 › vs Q4 2025
Noodles (NDLS) Q1 2026 vs Q4 2025 (quarter over quarter)
Noodles's revenue rose $1.0M (+0.8%) from $123M in Q4 2025 to $124M in Q1 2026. The biggest changes: Restaurant revenue +$1.0M (+0.8%); Franchising royalties and fees, and other −$13K (-0.6%).
Noodles, Q1 2026: revenue $124M (0% year over year), operating margin -0.7%, net loss $3.4M, operating cash flow $6.0M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 3.2% | -2.8% | +6.0 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Restaurant revenue | $121M | $120M | $1.0M | +0.8% |
| Franchising royalties and fees, and other | $2.3M | $2.4M | −$13K | -0.6% |
| Revenue | $124M | $123M | $1.0M | +0.8% |
| Net loss | $3.4M | $6.8M | −$3.4M | -50% |
| Costs & expenses | $127M | $130M | −$2.4M | -2% |
| Operating costs | $125M | $127M | −$2.3M | -2% |
| Interest & other, net | $2.6M | $2.7M | −$90K | -3% |
| Income tax | $7K | $15K | −$8K | -53% |
| General & admin | $12.5M | $11.7M | $863K | +7% |
| Other operating costs | $112M | $115M | −$3.1M | -3% |
| Operating cash sources | $9.4M | $5.7M | $3.7M | +64% |
| Depreciation & amortization | $6.0M | $6.2M | −$233K | -4% |
| Share-based compensation | $760K | $386K | $374K | +97% |
| Working capital & other | $2.7M | −$865K | $3.6M | — |
| Net loss absorbed | $3.4M | $6.8M | −$3.4M | -50% |
| Operating cash flow | $6.0M | −$1.1M | $7.1M | — |
| Free cash flow (OCF − capex) | $3.9M | −$3.4M | $7.4M | — |
| Capital expenditures | $2.1M | $2.3M | −$263K | -11% |
Questions
How much did Noodles's revenue grow quarter over quarter in Q1 2026?
Noodles's revenue rose $1.0M (+0.8%) from $123M in Q4 2025 to $124M in Q1 2026.
What drove Noodles's revenue change in Q1 2026?
Restaurant revenue +$1.0M (+0.8%); Franchising royalties and fees, and other −$13K (-0.6%).