NOODLES & CoNDLS
What NOODLES & Co does.
Noodles & Company is a restaurant concept offering lunch and dinner within the fast-casual segment of the restaurant industry. Our core offerings include noodle and pasta dishes, staples of many different cuisines, with the goal of delivering fresh ingredients and flavors from around the world under one roof. Today, our globally-inspired menu includes a wide variety of high quality, cooked-to-order dishes, including noodles and pasta, salads, soups and appetizers. As of December 30, 2025, we operated 423 restaurants in 31 states, which included 340 company locations and 83 franchise locati ons.
Noodles & Company is a Delaware corporation that was organized in 2002. Noodles & Company and its subsidiaries are sometimes referred to as “Noodles,” “we,” “us,” “our,” and the “Company” in this report. We refer to our Class A Common Stock, par value $0.01 per share, as our “common stock.”
On February 18, 2026, we implemented a 1-for-8 reverse stock split of our Class A common stock, par value $0.01 per share (the “Reverse Stock Split”). All share, per share and share price amounts, whether from prior to, on, or after such date have been adjusted to reflect the Reverse Stock Split.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $393.7M | $475.2M | $509.5M | $503.4M | $493.3M | $495.1M |
| Net income | -$23.3M | $3.7M | -$3.3M | -$9.9M | -$36.2M | -$42.6M |
| Free cash flow | -$2.7M | $17.4M | -$24.3M | -$24.5M | -$21.2M | -$5.1M |
More on NDLS.
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Figures from NOODLES & Co's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.