Noodles & Co
noodles.comWhat Do They Do?
Serves cooked-to-order noodle and pasta dishes, salads, soups and appetizers to diners through its fast-casual restaurants and digital ordering channels.
10-K for FY2025, filed Mar 26, 2026Noodles & Company is a restaurant concept offering lunch and dinner within the fast-casual segment of the restaurant industry. Our core…View ↗
We believe Noodles is a broadly appealing concept in the national fast-casual dining space. We are focused on offering customers flavorful…View ↗
Our customers experience the Noodles brand through our company-owned and franchise operated locations, and digitally through our mobile…View ↗
How Do They Make Money?
Restaurant diners pay for food and beverages when they order; customers ordering through the company’s app or website pay at sale, while delivery partners pay after delivering the food. Franchisees pay royalties and initial fees; initial fees are spread over the franchise agreement term.
10-K for FY2025, filed Mar 26, 2026Revenue includes both restaurant revenue and franchise royalties and fees. Restaurant revenue represents sales of food and beverages in…View ↗
Revenue consists of sales from restaurant operations and franchise royalties and fees. Revenue from the operation of company-owned…View ↗
Initial fees received from franchisees are recognized as revenue over the term of each respective franchise agreement, which is typically…View ↗
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10-K for FY2025, filed Mar 26, 2026
FY2025 revenue by product or service ↗
$495.1M
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10-K for FY2025, filed Mar 26, 2026
$495.1M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Restaurant revenue
Sold outright
10-K for FY2025, filed Mar 26, 2026 |
98%
FY2022: 98%
|
Restaurant revenue, FY2025
$485.1M Sources
|
Sold outright |
|
Franchising royalties and fees, and other
|
2.0%
FY2022: 2.2%
|
Franchising royalties and fees, and other, FY2025
$10M Sources
|
Who Are Their Customers?
Diners buy meals at company-owned and franchised restaurants, or order through the company’s app and website or third-party delivery services. Franchisees operate franchised locations.
10-K for FY2025, filed Mar 26, 2026Our customers experience the Noodles brand through our company-owned and franchise operated locations, and digitally through our mobile…View ↗
Franchising. As of December 30, 2025, we had 83 franchise units in 20 states operated by 14 franchisees. In 2025, our franchisees did not…View ↗
Revenue includes both restaurant revenue and franchise royalties and fees. Restaurant revenue represents sales of food and beverages in…View ↗
Do Revenues Turn Into Profits?
No. It lost $42.6M in FY2025.
10-K for FY2025, filed Mar 26, 2026
−$31.6MView ↗
10-K for FY2025, filed Mar 26, 2026
−$42.6MView ↗
10-K for FY2025, filed Mar 26, 2026
−$5.1MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Jul 24, 2026
−$4MView ↗
- ▼ −77% (Loss)
- vs −$17.6M in Q2 FY2025
10-Q for Q2 FY2026, filed Jul 24, 2026
Open tableView ↗
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Jul 24, 2026
Noodles raised its 2026 revenue and earnings guidance.
The company raised its fiscal 2026 revenue, restaurant-level margin and adjusted EBITDA guidance.
Sources
8-K, filed Jul 24, 2026
Joe Christina, President and Chief Executive Officer of Noodles & Company, remarked, “We are extremely pleased with our second quarter…View ↗
Flat. Revenue was $495.1M in FY2025, about the same as the $475.2M of FY2021.
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