← NOODLES & Co

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $1.8m $3.4m — $10.5m $7.8m $2.3m $1.5m — $1.1m $1.3m
Prepaid Expense and Other Assets, Current $7.0m $6.3m — $5.4m $2.8m $6.8m $3.5m — $4.2m $3.0m
Cash and cash equivalents — $1.8m $3.4m $4.7m $7.8m $2.3m — $1.5m $3.0m $1.3m
Accounts receivable — $5.4m $2.4m $2.4m $3.4m $4.0m — $6.4m $5.1m $4.1m
Prepaid expenses and other assets — $7.0m $6.3m $6.5m $2.8m $6.8m — $3.5m $3.9m $3.0m
Income tax receivable — $256k $76k $185k $44k $108k — $176k $337k $312k
Inventory, Net $11.3m $9.9m $9.9m $9.9m $9.6m $9.4m $10.0m $10.0m $10.5m $10.2m
Assets, Current $25.8m $22.1m — $29.3m $23.7m $22.6m $21.6m — $20.2m $18.9m
Total current assets — $25.8m $22.1m $23.4m $23.7m $22.6m — $21.6m $22.6m $18.9m
Property, Plant and Equipment, Net $173.5m $152.6m $152.6m $128.9m $122.9m $119.3m — $129.4m $152.2m $107.4m
Goodwill $6.4m $6.4m $6.4m $7.2m $7.2m $7.2m $7.2m $7.2m $7.2m $7.2m
Intangible Assets, Net (Excluding Goodwill) $1.7m $1.6m — $883k $757k $668k $608k — $495k $420k
Intangibles, net — $1.7m $1.6m $1.3m $757k $668k — $608k $538k $420k
Operating Lease, Right-of-Use Asset — — — $209.7m $195.6m $188.4m $183.4m — $157.8m $126.3m
Other Assets, Noncurrent $2.0m $2.6m — $2.6m $3.5m $3.4m $1.7m — $1.7m $1.5m
Other assets, net — $2.0m $2.6m $2.2m $3.5m $3.4m — $1.7m $1.7m $1.5m
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current $5.4m $2.4m — $3.5m $3.4m $4.0m $6.4m — $4.1m $4.1m
Operating lease assets, net — — — $209.7m $195.6m $188.4m — $183.4m $183.9m $126.3m
Accrued expenses and other current liabilities — $27.7m $21.2m $11.2m $11.6m $13.8m — $11.0m $12.9m $11.8m
Current operating lease liabilities — — — $22.8m $26.1m $26.6m — $28.6m $30.1m $26.3m
Long-term operating lease liabilities, net — — — $225.0m $210.5m $200.2m — $187.3m $186.3m $126.9m
Accrued Liabilities, Current $27.7m $21.2m — $11.7m $11.6m $13.8m $11.0m — $12.8m $11.8m
Total long-term assets — $183.7m $163.2m $148.7m $329.9m $318.9m — $322.2m $345.5m $242.8m
Total stockholders’ deficit — $25.8m $35.9m $52.7m $29.7m $37.6m — $38.4m $27.2m ($45.3m)
Assets $209.5m $185.2m — $378.5m $353.6m $341.5m $343.8m — $324.6m $261.7m
Total assets — $209.5m $185.2m $172.0m $353.6m $341.5m — $343.8m $368.1m $261.7m
LIABILITIES AND EQUITY
Total liabilities and stockholders’ deficit — $209.5m $185.2m $172.0m $353.6m $341.5m — $343.8m $368.1m $261.7m
Current liabilities:
Operating Lease, Liability, Current — — — $22.8m $26.1m $26.6m $28.6m — $32.1m $26.3m
Accounts Payable, Current $10.6m $10.9m $10.9m $9.4m $6.4m $15.5m $15.3m $15.3m $13.2m $16.5m
Long-term Debt, Current Maturities — — — $750k $1.1m $2.0m $0 — — —
Operating Lease, Liability, Noncurrent — — — $225.0m $210.5m $200.2m $187.3m — $156.7m $126.9m
Long-term Debt, Excluding Current Maturities $84.7m $57.6m — $40.5m $40.9m $18.9m $46.1m — $100.7m $108.8m
Accrued payroll and benefits — $10.7m $11.7m $13.4m $12.9m $18.6m — $9.2m $7.8m $7.2m
Liabilities, Current $49.0m $43.9m — $58.0m $58.1m $76.6m $64.1m — $65.7m $61.8m
Total current liabilities — $49.0m $43.9m $33.1m $58.1m $76.6m — $64.1m $67.5m $61.8m
Deferred Income Tax Liabilities, Net — — — — $240k $269k $229k — $276k $316k
Other Liabilities, Noncurrent $4.6m $8.6m — $4.2m $14.2m $7.8m $7.8m — $6.8m $9.1m
Long-term debt, net — $84.7m $57.6m $44.2m $40.9m $18.9m — $46.1m $80.2m $108.8m
Other long-term liabilities — $4.6m $8.6m $4.6m $14.2m $7.8m — $7.8m $6.7m $9.1m
Deferred Tax Liabilities, Net $435k $416k $416k $200k $240k $269k $229k $229k $276k $316k
Liabilities $183.6m $149.4m — $327.9m $323.9m $303.8m $305.5m — $330.2m $307.0m
Total liabilities — $183.6m $149.4m $119.4m $323.9m $303.8m — $305.5m $340.9m $307.0m
Stockholders’ equity:
Preferred Stock, Value, Issued $0 $0 — $0 $0 $0 $0 — $0 $0
Common Stock, Value, Issued $303k $436k — $466k $468k $481k $485k — $482k $62k
Additional Paid in Capital $124.3m $171.6m $171.6m $200.6m $203.0m $207.2m $211.3m $211.3m $213.4m $216.7m
Retained Earnings (Accumulated Deficit) ($63.7m) ($101.2m) — ($115.5m) ($138.7m) ($135.1m) ($138.4m) — ($184.5m) ($227.0m)
Accumulated Other Comprehensive Income (Loss), Net of Tax ($51k) $0 — — — — — — — —
Treasury Stock, Common, Value — — — — — — — — $35.0m $35.0m
Preferred stock—$0.01 par value, 1,000,000 shares authorized and undesignated as of December 30, 2025 and December 31, 2024; no shares issued or outstanding — 0 0 0 0 0 — 0 0 0
Common stock—$0.01 par value, 180,000,000 shares authorized as of December 30, 2025 and December 31, 2024; 6,155,333 issued and 5,852,349 outstanding as of December 30, 2025; 6,020,235 issued and 5,717,251 outstanding as of December 31, 2024 (1) — 303k 436k 464k 468k 481k — 485k 474k 62k
Treasury stock, at cost, 302,984 shares as of December 30, 2025 and December 31, 2024, respectively(1) — — — — — — — ($35.0m) ($35.0m) ($35.0m)
Accumulated deficit — ($63.7m) ($101.2m) ($111.1m) ($138.7m) ($135.1m) — ($138.4m) ($148.2m) ($227.0m)
Stockholders' Equity Attributable to Parent $25.8m $35.9m — $50.6m $29.7m $37.6m $38.4m — ($5.6m) ($45.3m)
Liabilities and Equity $209.5m $185.2m — $378.5m $353.6m $341.5m $343.8m — $324.6m $261.7m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.