Filing Flows › Noodles (NDLS) › Q2 2025
Noodles (NDLS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Noodles (NDLS) reported revenue of $126M for the second quarter 2025 (Q2 2025), -0.7% from a year earlier and +2% from the quarter before. Operating margin was -11.7%, net loss $17.6M (13.9% of revenue).
Noodles, Q2 2025: revenue $126M (-0.7% year over year), operating margin -11.7%, net loss $17.6M, operating cash flow −$852K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $126M | +2% | -0.7% |
| Operating profit | −$14.8M | — | — |
| Net earnings | −$17.6M | — | — |
| Operating cash flow | −$852K | -121% | — |
What changed
Revenue was $126.4M in Q2 2025, down 1% year over year and up 2% from the previous quarter. Restaurant revenue was the largest line at 98% of revenue. Restaurant revenue lost $1.0M year over year (down 1%), 103% of the total change.
Operating costs exceeded revenue by $14.8M, an operating margin of -11.7%. Total costs grew 2% against a revenue fall of 1%. The quarter ended with a net loss of $17.6M, wider than the previous quarter's $9.1M loss.
Operating cash flow was −$852K. Non-cash charges added back $7.1M of depreciation and amortization and $732K of share-based compensation. Working capital and other items added $8.8M. Capital expenditures of $3.4M exceeded it, leaving free cash flow of −$4.3M.
Questions
What was Noodles' revenue in the second quarter 2025?
Noodles (NDLS) reported revenue of $126M for the second quarter 2025 (Q2 2025), -0.7% from a year earlier and +2% from the quarter before.
Was Noodles profitable in the second quarter 2025?
Operating loss was $14.8M (-11.7% of revenue) and net loss $17.6M.
Source: Noodles 10-Q on SEC EDGAR.