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Noodles & Company NDLS Pre-opening costs

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Segments

By segment

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Reportable Segment$0-100%

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:PreOpeningCosts.

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 pre-opening costs?
Noodles & Company (NDLS) reported pre-opening costs of $0 in Q1 2026.
How has Noodles & Company's pre-opening costs changed year-over-year?
Noodles & Company's pre-opening costs decreased by 100.0% year-over-year, from $151K to $0.
What is the long-term trend for Noodles & Company's pre-opening costs?
Over 4 years (2021 to 2025), Noodles & Company's pre-opening costs has grown at a -23.6% compound annual growth rate (CAGR), from $665K to $226K.
What does pre-opening costs mean?
These are expenses incurred in connection with the development and opening of new restaurant locations prior to their official launch. These costs typically include lease payments, staff training, and marketing efforts associated with a new site. Tracking these costs provides insight into the company's expansion pace and the initial capital intensity required for growth.