Filing Flows › Noble Romans (NROM) › Q3 2025
Noble Romans (NROM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Dec 29, 2025
Noble Romans (NROM) reported revenue of $4.1M for the third quarter 2025 (Q3 2025), +7% from a year earlier and +2% from the quarter before. Operating margin was 19.8%, net earnings $640K (15.4% of revenue).
Noble Romans, Q3 2025: revenue $4.1M (+7% year over year), operating margin 19.8%, net earnings $640K, operating cash flow $360K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1M | +2% | +7% |
| Operating profit | $819K | -10% | +97% |
| Net earnings | $640K | +73% | +231% |
| Operating cash flow | $360K | -9% | 15× |
| Free cash flow | $309K | -13% | 757× |
What changed
Revenue was $4.1M in Q3 2025, up 7% year over year and up 2% from the previous quarter.
Operating profit was $819K, a 19.8% margin (up 9.0 points year over year). Of the extra revenue versus a year earlier, 153% reached operating profit, above the 11% margin then. Total costs fell 4% while revenue rose 7%. Net earnings were $640K, up 231% year over year. The effective tax rate was 18.1%.
Operating cash flow was $360K (up 1430% year over year), 56% of net earnings. Non-cash charges added back $98K of depreciation and amortization and $9K of share-based compensation. Working capital and other items used $387K. Capital expenditures of $51K left free cash flow of $309K.
Questions
What was Noble Romans' revenue in the third quarter 2025?
Noble Romans (NROM) reported revenue of $4.1M for the third quarter 2025 (Q3 2025), +7% from a year earlier and +2% from the quarter before.
Was Noble Romans profitable in the third quarter 2025?
Operating profit was $819K (19.8% of revenue) and net earnings $640K.
Source: Noble Romans 10-Q on SEC EDGAR.