Filing Flows › Noodles (NDLS) › Q2 2026 › vs Q1 2026
Noodles (NDLS) Q2 2026 vs Q1 2026 (quarter over quarter)
Noodles's revenue rose $3.3M (+3%) from $124M in Q1 2026 to $127M in Q2 2026. The biggest changes: Restaurant revenue +$3.4M (+3%); Franchising royalties and fees, and other −$110K (-5%).
Noodles, Q2 2026: revenue $127M (+0.5% year over year), operating margin -1.2%, net loss $4.0M, operating cash flow $3.3M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 1.4% | 3.2% | -1.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Restaurant revenue | $125M | $121M | $3.4M | +3% |
| Franchising royalties and fees, and other | $2.2M | $2.3M | −$110K | -5% |
| Revenue | $127M | $124M | $3.3M | +3% |
| Net loss | $4.0M | $3.4M | $534K | +16% |
| Costs & expenses | $131M | $127M | $3.8M | +3% |
| Operating costs | $129M | $125M | $4.0M | +3% |
| Interest & other, net | $2.4M | $2.6M | −$207K | -8% |
| Income tax | $20K | $7K | $13K | +186% |
| General & admin | $13.9M | $12.5M | $1.3M | +11% |
| Other operating costs | $115M | $112M | $2.6M | +2% |
| Operating cash sources | $7.3M | $9.4M | −$2.2M | -23% |
| Depreciation & amortization | $5.9M | $6.0M | −$81K | -1% |
| Share-based compensation | $1.1M | $760K | $350K | +46% |
| Working capital & other | $246K | $2.7M | −$2.4M | -91% |
| Net loss absorbed | $4.0M | $3.4M | $534K | +16% |
| Operating cash flow | $3.3M | $6.0M | −$2.7M | -45% |
| Free cash flow (OCF − capex) | $1.8M | $3.9M | −$2.1M | -54% |
| Capital expenditures | $1.5M | $2.1M | −$568K | -27% |
Questions
How much did Noodles's revenue grow quarter over quarter in Q2 2026?
Noodles's revenue rose $3.3M (+3%) from $124M in Q1 2026 to $127M in Q2 2026.
What drove Noodles's revenue change in Q2 2026?
Restaurant revenue +$3.4M (+3%); Franchising royalties and fees, and other −$110K (-5%).