Filing Flows › Noodles (NDLS) › Q2 2026 › vs Q2 2025
Noodles (NDLS) Q2 2026 vs Q2 2025 (year over year)
Noodles's revenue rose $604K (+0.5%) from $126M in Q2 2025 to $127M in Q2 2026. The biggest changes: Restaurant revenue +$1.0M (+0.8%); Franchising royalties and fees, and other −$416K (-16%).
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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 1.4% | -3.4% | +4.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Restaurant revenue | $125M | $124M | $1.0M | +0.8% |
| Franchising royalties and fees, and other | $2.2M | $2.7M | −$416K | -16% |
| Revenue | $127M | $126M | $604K | +0.5% |
| Net loss | $4.0M | $17.6M | −$13.6M | -77% |
| Costs & expenses | $131M | $144M | −$13.0M | -9% |
| Operating costs | $129M | $141M | −$12.6M | -9% |
| Interest & other, net | $2.4M | $2.8M | −$362K | -13% |
| Income tax | $20K | $21K | −$1K | -5% |
| General & admin | $13.9M | $12.4M | $1.5M | +12% |
| Other operating costs | $115M | $129M | −$14.1M | -11% |
| Operating cash sources | $7.3M | $16.7M | −$9.4M | -57% |
| Depreciation & amortization | $5.9M | $7.1M | −$1.2M | -17% |
| Share-based compensation | $1.1M | $732K | $378K | +52% |
| Working capital & other | $246K | $8.8M | −$8.6M | -97% |
| Net loss absorbed | $4.0M | $17.6M | −$13.6M | -77% |
| Operating cash flow | $3.3M | −$852K | $4.2M | — |
| Free cash flow (OCF − capex) | $1.8M | −$4.3M | $6.0M | — |
| Capital expenditures | $1.5M | $3.4M | −$1.9M | -56% |
Questions
How much did Noodles's revenue grow year over year in Q2 2026?
Noodles's revenue rose $604K (+0.5%) from $126M in Q2 2025 to $127M in Q2 2026.
What drove Noodles's revenue change in Q2 2026?
Restaurant revenue +$1.0M (+0.8%); Franchising royalties and fees, and other −$416K (-16%).