Filing Flows › Noodles (NDLS) › Q1 2026
Noodles (NDLS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Noodles (NDLS) reported revenue of $124M for the first quarter 2026 (Q1 2026), 0% from a year earlier and +0.8% from the quarter before. Operating margin was -0.7%, net loss $3.4M (2.8% of revenue).
Noodles, Q1 2026: revenue $124M (0% year over year), operating margin -0.7%, net loss $3.4M, operating cash flow $6.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $124M | +0.8% | 0% |
| Operating profit | −$812K | — | — |
| Net earnings | −$3.4M | — | — |
| Operating cash flow | $6.0M | — | +49% |
| Free cash flow | $3.9M | — | +253% |
What changed
Revenue was $123.8M in Q1 2026, roughly flat year over year and up 1% from the previous quarter. Restaurant revenue was the largest line at 98% of revenue. Franchising royalties and fees, and other lost $122K year over year (down 5%), 1525% of the total change.
Operating costs exceeded revenue by $812K, an operating margin of -0.7%. Total costs fell 4% while revenue was flat. The quarter ended with a net loss of $3.4M, narrower than the previous quarter's $6.8M loss. Net interest and other expense of $2.6M was the main reason.
Operating cash flow was $6.0M (up 49% year over year). Non-cash charges added back $6.0M of depreciation and amortization and $760K of share-based compensation. Working capital and other items added $2.7M. Capital expenditures of $2.1M left free cash flow of $3.9M.
Questions
What was Noodles' revenue in the first quarter 2026?
Noodles (NDLS) reported revenue of $124M for the first quarter 2026 (Q1 2026), 0% from a year earlier and +0.8% from the quarter before.
Was Noodles profitable in the first quarter 2026?
Operating loss was $812K (-0.7% of revenue) and net loss $3.4M.
Source: Noodles 10-Q on SEC EDGAR.