Filing Flows › Noodles (NDLS) › Q2 2026
Noodles (NDLS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 24, 2026
Noodles (NDLS) reported revenue of $127M for the second quarter 2026 (Q2 2026), +0.5% from a year earlier and +3% from the quarter before. Operating margin was -1.2%, net loss $4.0M (3.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $127M | +3% | +0.5% |
| Operating profit | −$1.5M | — | — |
| Net earnings | −$4.0M | — | — |
| Operating cash flow | $3.3M | -45% | — |
| Free cash flow | $1.8M | -54% | — |
What changed
Revenue was $127.0M in Q2 2026, roughly flat year over year and up 3% from the previous quarter. Restaurant revenue was the largest line at 98% of revenue. Restaurant revenue added $1.0M year over year (up 1%), 169% of the total change. Franchising royalties and fees, and other declined 16%.
Operating costs exceeded revenue by $1.5M, an operating margin of -1.2%. Total costs fell 9% while revenue was flat. The fastest-growing cost line was General & admin (+12%). The quarter ended with a net loss of $4.0M, wider than the previous quarter's $3.4M loss. Net interest and other expense of $2.4M was the main reason.
Operating cash flow was $3.3M. Non-cash charges added back $5.9M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $246K. Capital expenditures of $1.5M left free cash flow of $1.8M.
Questions
What was Noodles' revenue in the second quarter 2026?
Noodles (NDLS) reported revenue of $127M for the second quarter 2026 (Q2 2026), +0.5% from a year earlier and +3% from the quarter before.
Was Noodles profitable in the second quarter 2026?
Operating loss was $1.5M (-1.2% of revenue) and net loss $4.0M.
Source: Noodles 10-Q on SEC EDGAR.