Filing Flows › Noble Romans (NROM) › Q4 2024
Noble Romans (NROM) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Jun 9, 2025
Noble Romans (NROM) reported revenue of $3.7M for the fourth quarter 2024 (Q4 2024), +11% from a year earlier and -5% from the quarter before. Operating margin was 1.8%, net loss $167K (4.5% of revenue).
Noble Romans, Q4 2024: revenue $3.7M (+11% year over year), operating margin 1.8%, net loss $167K, operating cash flow $317K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7M | -5% | +11% |
| Operating profit | $68K | — | — |
| Net earnings | −$167K | — | — |
| Operating cash flow | $317K | 13× | -38% |
| Free cash flow | $296K | 726× | -44% |
What changed
Revenue was $3.7M in Q4 2024, up 11% year over year and down 5% from the previous quarter.
Operating profit was $68K, a 1.8% margin (down 19.0 points year over year). Operating profit fell $627K even though revenue rose $365K versus a year earlier, so costs grew faster than sales. Total costs grew 38% against revenue growth of 11%. The quarter ended with a net loss of $167K, after a profit of $193K the previous quarter. Net interest and other expense of $393K was the main reason.
Operating cash flow was $317K (down 38% year over year). Non-cash charges added back $211K of depreciation and amortization and $10K of share-based compensation. Working capital and other items added $263K. Capital expenditures of $21K left free cash flow of $296K.
Questions
What was Noble Romans' revenue in the fourth quarter 2024?
Noble Romans (NROM) reported revenue of $3.7M for the fourth quarter 2024 (Q4 2024), +11% from a year earlier and -5% from the quarter before.
Was Noble Romans profitable in the fourth quarter 2024?
Operating profit was $68K (1.8% of revenue) and net loss $167K.
Source: Noble Romans 10-K on SEC EDGAR.