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Noodles & Company NDLS Operating lease assets and liabilities

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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 ndls:IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities.

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 operating lease assets and liabilities?
Noodles & Company (NDLS) reported operating lease assets and liabilities of -$1.11M in Q1 2026.
How has Noodles & Company's operating lease assets and liabilities changed year-over-year?
Noodles & Company's operating lease assets and liabilities decreased by 49.5% year-over-year, from -$739K to -$1.11M.
What is the long-term trend for Noodles & Company's operating lease assets and liabilities?
Over 3 years (2021 to 2025), Noodles & Company's operating lease assets and liabilities has grown at a 32.7% compound annual growth rate (CAGR), from -$1.76M to -$4.11M.
What does operating lease assets and liabilities mean?
Captures the net change in operating lease liabilities and right-of-use assets, reflecting the cash impact of lease payments and adjustments to lease accounting. It provides insight into the company's long-term fixed cost commitments and the cash flow implications of its real estate footprint.