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Companies / Consumer Discretionary / NOODLES & Co
NDLS

NOODLES & Co

Consumer DiscretionaryRestaurants
Ticker NDLSBROOMFIELD, COFiscal year ends DecemberBook value per share $-8.66Diluted shares 5.9M

Noodles & Company (NASDAQ: NDLS) operates a fast-casual restaurant concept specializing in globally-inspired noodle and pasta dishes. The company's website is www.noodles.com. As of December 30, 2025, Noodles & Company operated 423 restaurants across 31 states, comprising 340 company-owned locations and 83 franchise… From the company’s description.

Fiscal year 2025 · ends 12-29Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$495.09M
+0.4% year over year
Last 12 mo $495.69M
-6.38%
−0.7 percentage points
Last 12 mo -2.58%
$-42.57M
−17.5% year over year
Last 12 mo $-23.33M
36.00%
−250.1 percentage points
Last 12 mo 45.72%
Cash & financing
$7.28M
−3.7% year over year
Last 12 mo $13.42M
$-5.11M
+75.9% year over year
Last 12 mo $3.76M
-2.40
Was -18.06× a year earlier
Last 12 mo -2.05
5.8M
−87.3% year over year
Last 12 mo 5.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What NOODLES & Co does

In the company’s own words

Noodles & Company (NASDAQ: NDLS) operates a fast-casual restaurant concept specializing in globally-inspired noodle and pasta dishes. The company's website is www.noodles.com. As of December 30, 2025, Noodles & Company operated 423 restaurants across 31 states, comprising 340 company-owned locations and 83 franchise locations operated by 14 franchisees.

The company's core business centers on offering cooked-to-order noodle and pasta dishes alongside salads, soups, and appetizers featuring fresh ingredients and diverse flavor profiles from various cuisines. The menu includes approximately 20 highly customizable entrées, with the company hand-chopping fresh vegetables and preparing nine noodle varieties in-house daily. All dishes are prepared to order in exhibition-style kitchens designed to showcase the cooking process.

Noodles & Company operates as a single accounting segment with a diversified revenue model. In 2025, approximately 59 percent of sales derived from digital ordering channels, including the company's mobile app, website, and third-party delivery services, alongside traditional dine-in and takeout options. The company maintains a loyalty program, Noodles Rewards, with over 7 million members that provides customer data for targeted marketing and personalized offers.

The company employs approximately 6,500 team members, including roughly 500 salaried employees and 6,000 hourly employees. None of the workforce is unionized. Noodles & Company emphasizes team member development through competitive compensation, performance-based incentives, comprehensive benefits including health insurance and retirement programs, and career advancement opportunities. The company has received recognition as one of Forbes' Best Employers for Diversity for five consecutive years through 2025.

The company's franchising strategy focuses on experienced, well-capitalized area developers committing to multiple units. Ten area developers have signed development agreements providing for 114 restaurant openings across their territories. Noodles & Company was organized as a Delaware corporation in 2002 and completed a one-for-eight reverse stock split in February 2026. The company operates restaurants in suburban, collegiate, and urban markets, typically occupying 2,000 to 2,600 square feet in end-cap, in-line, or free-standing locations.

Company details
Sector
Consumer Discretionary
Industry
Restaurants
Headquarters
BROOMFIELD, CO
Fiscal year end
December
CIK
1275158
SIC
5812

Financial performance, year by year

Fiscal 2013–2025 · USD
$-129.79M$44.55M$218.90M$393.25M$567.60M20132014201520172018201920202021202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns NOODLES & Co — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

12
funds hold it
0 of 35
superinvestors hold it
$4.11M
held by funds, at market
4.7%
of shares held by funds

Largest fund holders · NOODLES & Co’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
0.00%of fund net assets
iShares Micro-Cap ETF
IWC · iShares Trust
0.01%of fund net assets
Ultra-Small Company Market Fund
BRSIX · Bridgeway Funds, Inc.
0.07%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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