Filing Flows › Noodles (NDLS) › Q4 2025
Noodles (NDLS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 26, 2026
Noodles (NDLS) reported revenue of $123M for the fourth quarter 2025 (Q4 2025), +0.8% from a year earlier and +0.6% from the quarter before. Operating margin was -3.3%, net loss $6.8M (5.5% of revenue).
Noodles, Q4 2025: revenue $123M (+0.8% year over year), operating margin -3.3%, net loss $6.8M, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $123M | +0.6% | +0.8% |
| Operating profit | −$4.1M | — | — |
| Net earnings | −$6.8M | — | — |
| Operating cash flow | −$1.1M | -121% | — |
What changed
Revenue was $122.8M in Q4 2025, up 1% year over year and up 1% from the previous quarter. Restaurant revenue was the largest line at 98% of revenue.
Operating costs exceeded revenue by $4.1M, an operating margin of -3.3%. Total costs fell 2% while revenue rose 1%. The quarter ended with a net loss of $6.8M, narrower than the previous quarter's $9.2M loss.
Operating cash flow was −$1.1M. Non-cash charges added back $6.2M of depreciation and amortization and $386K of share-based compensation. Working capital and other items used $865K. Capital expenditures of $2.3M exceeded it, leaving free cash flow of −$3.4M.
Questions
What was Noodles' revenue in the fourth quarter 2025?
Noodles (NDLS) reported revenue of $123M for the fourth quarter 2025 (Q4 2025), +0.8% from a year earlier and +0.6% from the quarter before.
Was Noodles profitable in the fourth quarter 2025?
Operating loss was $4.1M (-3.3% of revenue) and net loss $6.8M.
Source: Noodles 10-K on SEC EDGAR.