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Noodles & Company NDLS Restaurant revenue — Restaurant operating costs

Other product segments

Franchising royalties and fees, and other
$127.17M+2.8%
Labor
$36.41M-7.6%
Occupancy
$10.35M-9.9%

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Other financials

Income statement

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Revenue$123.8M0.0%
Operating income-$812.0K+87.3%
Net income-$3.4M+62.3%
EPS (diluted)-$0.58+63.3%

Balance sheet

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Cash & equivalents$1.4M+3.4%
Total debt$253.7M-12.6%
Total equity-$48.0M-246%
Total assets$246.3M-22.9%

Cash flow

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Operating cash flow$6.0M+49.2%
CapEx$2.1M-28.8%
Free cash flow$3.9M+253%

Valuation

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Market cap$88.09M+168%
Enterprise value$340.32M+7.9%
P/S0.2×+0.1×

Profitability

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Gross margin74.7%
Operating margin-5.3%-0.6pp
Net margin-7.5%-0.4pp
FCF margin-3.7%

Returns & leverage

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Return on equity-180.2%
Debt / equity77.5×+68.6×
Current ratio0.3×0.0×

Where this comes from

Reported directly by Noodles & Company in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization.

The official record: Noodles & Company’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Noodles & Company's restaurant revenue — restaurant operating costs?
Noodles & Company (NDLS) reported restaurant revenue — restaurant operating costs of $30.89M in Q1 2026.
How has Noodles & Company's restaurant revenue — restaurant operating costs changed year-over-year?
Noodles & Company's restaurant revenue — restaurant operating costs decreased by 4.3% year-over-year, from $32.29M to $30.89M.
What is the long-term trend for Noodles & Company's restaurant revenue — restaurant operating costs?
Over 4 years (2021 to 2025), Noodles & Company's restaurant revenue — restaurant operating costs has grown at a 1.9% compound annual growth rate (CAGR), from $117.89M to $127.17M.
What does restaurant revenue — restaurant operating costs mean?
This metric captures the direct costs associated with operating restaurant locations, typically encompassing food, beverage, paper costs, and direct labor expenses. It is a critical measure of operational efficiency and cost control within the core business segment. Investors use this to evaluate the company's ability to manage variable expenses relative to its restaurant-level revenue generation.