Filing Flows › Noodles (NDLS) › Q4 2024
Noodles (NDLS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 7, 2025
Noodles (NDLS) reported revenue of $122M for the fourth quarter 2024 (Q4 2024), -2% from a year earlier and -0.8% from the quarter before. Operating margin was -6.0%, net loss $9.7M (8.0% of revenue).
Noodles, Q4 2024: revenue $122M (-2% year over year), operating margin -6.0%, net loss $9.7M, operating cash flow −$10.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $122M | -0.8% | -2% |
| Operating profit | −$7.4M | — | — |
| Net earnings | −$9.7M | — | — |
| Operating cash flow | −$10.0M | — | — |
What changed
Revenue was $121.8M in Q4 2024, down 2% year over year and down 1% from the previous quarter. Restaurant revenue was the largest line at 98% of revenue.
Operating costs exceeded revenue by $7.4M, an operating margin of -6.0%. Total costs grew 0% against a revenue fall of 2%. The quarter ended with a net loss of $9.7M, wider than the previous quarter's $6.8M loss.
Operating cash flow was −$10.0M. Non-cash charges added back $7.1M of depreciation and amortization and $333K of share-based compensation. Working capital and other items used $7.7M. Capital expenditures of $3.8M exceeded it, leaving free cash flow of −$13.8M.
Questions
What was Noodles' revenue in the fourth quarter 2024?
Noodles (NDLS) reported revenue of $122M for the fourth quarter 2024 (Q4 2024), -2% from a year earlier and -0.8% from the quarter before.
Was Noodles profitable in the fourth quarter 2024?
Operating loss was $7.4M (-6.0% of revenue) and net loss $9.7M.
Source: Noodles 10-K on SEC EDGAR.