What is Noodles & Company's net debt?

Noodles & Company (NDLS) reported net debt of $252.23M in Q1 2026.

How has Noodles & Company's net debt changed year-over-year?

Noodles & Company's net debt decreased by 12.7% year-over-year, from $288.83M to $252.23M.

What is the long-term trend for Noodles & Company's net debt?

Over 5 years (2020 to 2025), Noodles & Company's net debt has grown at a -0.7% compound annual growth rate (CAGR), from $278.64M to $269.47M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Noodles & Company NDLS Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

See full

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+160%

Enterprise value$340.32M+7.0%

P/S0.2×+0.1×

Profitability

See full

Gross margin74.7%—

Operating margin-5.3%-0.6pp

Net margin-7.5%-0.4pp

FCF margin-3.7%—

Returns & leverage

See full

Return on equity-180.2%—

Debt / equity77.5×+68.6×

Current ratio0.3×0.0×

Where this comes from

Calculated from Noodles & Company’s reported figures.

$253.7Mtotal debt−$1.4Mcash and equivalents=$252.23M

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 net debt?: Noodles & Company (NDLS) reported net debt of $252.23M in Q1 2026.
How has Noodles & Company's net debt changed year-over-year?: Noodles & Company's net debt decreased by 12.7% year-over-year, from $288.83M to $252.23M.
What is the long-term trend for Noodles & Company's net debt?: Over 5 years (2020 to 2025), Noodles & Company's net debt has grown at a -0.7% compound annual growth rate (CAGR), from $278.64M to $269.47M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.