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NDLS reported revenue of $495.09M and net income of −$42.57M in FY2026.
| Fiscal year | Revenue | Net income |
|---|---|---|
| 2026 | $495.09M | −$42.57M |
| 2025 | $493.27M | −$36.21M |
| 2024 | $503.41M | −$9.86M |
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Also filed under Restaurants, ranked by how closely they sit beside NDLS.
The assistant answers from what NDLS has actually filed: 15 annual reports filed with the SEC, 19 Form 4 filings from the last year and 1 fund that holds it. Every figure in a reply links to the filing it came from, so an answer can be checked rather than believed.
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Cash flow breakdown
What the business generated, and where it went
Operating cash flow
$7.28M 2026
Cash generated by the business itself
Free cash flow
−$5.11M 2026
Operating cash flow minus capital expenditure
Capital expenditure
$12.4M 2026
Spending on property, plant and equipment
NDLS generated $7.28M of operating cash flow. Each figure below is what it did with that, as reported on the same statement.
Reinvested in the business
Spent on its own shares
A non-cash cost, added back above
As reported in the company's own annual filings.
| Fiscal year | 2026 | 2025 | 2024 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $7.28M | $7.56M | $27.5M | $9.56M | $36.17M | $9.12M | $30.06M | $5.35M | $4.1M | $24.74M | $44.51M | $49.03M | $43.63M | $32.07M | $27.92M |
| Capital expenditure | $12.4M | $28.77M |
Financial statements
Every figure below is this company’s, as filed. Measure draws them: 15 years and 58 quarters plotted to scale, on the income statement, balance sheet and cash flow, plus the ratio and estimate sections this page does not carry.
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Revenue
Plotted to scale onMeasure
As reported in the company's own annual filings.
| Fiscal year | 2026 | 2025 | 2024 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $495.09M | $493.27M | $503.41M | $509.48M | $475.15M | $393.66M | $462.41M | $457.84M | $456.49M | $487.47M | $455.45M | $403.74M | $350.92M | $300.41M | $256.07M |
| Cost of revenue | - | - | - |
Total assets
Plotted to scale onMeasure
Total liabilities
Plotted to scale onMeasure
Cash
Plotted to scale onMeasure
Current assets
Plotted to scale onMeasure
Current liabilities
Plotted to scale onMeasure
Total debt
Plotted to scale onMeasure
As reported in the company's own annual filings.
| Fiscal year | 2026 | 2025 | 2024 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $261.67M | $324.65M | $368.1M | $343.84M | $341.46M | $353.63M | $378.52M | $172.03M | $185.23M | $209.46M | $239.96M | $238.54M | $187.8M | $157M | - |
| Current assets | $18.89M | $20.19M | $22.62M |
Derived from SEC XBRL filings. Not investment advice.
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Every annual statement NDLS has filed is on this page as figures. Drawn to scale, a trend over the whole record is something you can see rather than something you have to add up.
The charts, to scaleMeasure
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Revenue, margins and cash flow quarter by quarter, where a change in direction shows up first.
Quarterly statementsMeasure
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Why a margin moved, where the cash went: answered from NDLS's own statements, not a guess.
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| $52.04M |
| $33.89M |
| $18.78M |
| $11.78M |
| $17.4M |
| $14.34M |
| $20.83M |
| $43.34M |
| $50.09M |
| $56.35M |
| $54.43M |
| $47.38M |
| $30.05M |
| Free cash flow | −$5.11M | −$21.21M | −$24.55M | −$24.33M | $17.39M | −$2.66M | $12.66M | −$8.99M | −$16.73M | −$18.6M | −$5.59M | −$7.33M | −$10.8M | −$15.32M | −$2.13M |
|---|
| Stock-based compensation | $3M | $3.61M | $4.24M | $4.33M | $4.11M | $2.5M | $2.44M | $2.98M | $1.51M | $2.32M | $1.47M | $1.33M | $4.23M | $1.23M | $1.33M |
|---|
| Buybacks | $0 | $0 | $4.98M | $0 | $0 | - | - | - | - | - | - | - | - | - | - |
|---|
| - |
| - |
| - |
| $117.18M |
| $121.1M |
| $121.47M |
| $130.63M |
| - |
| - |
| - |
| - |
| - |
| Gross profit | - | - | - | - | - | - | $345.23M | $336.74M | $335.02M | $356.84M | - | - | - | - | - |
|---|
| Selling, general and administrative | $49.14M | $50.82M | $51.83M | $49.9M | $47.54M | $42.88M | $43.45M | $46.09M | $39.75M | $55.65M | $37.24M | $31.39M | $35.89M | $29.08M | $26.46M |
|---|
| Operating income | −$31.59M | −$27.78M | −$5.03M | −$832K | $5.82M | −$20.03M | $5.44M | −$3.76M | −$33.85M | −$67.53M | −$21.07M | $18.92M | $14.25M | $16.05M | $12.02M |
|---|
| Net income | −$42.57M | −$36.21M | −$9.86M | −$3.31M | $3.67M | −$23.26M | $1.65M | −$8.44M | −$37.48M | −$71.68M | −$13.77M | $11.43M | $6.67M | $5.16M | $3.83M |
|---|
| Diluted EPS | -$7.36 | -$6.37 | -$1.72 | -$0.07 | $0.08 | -$0.53 | $0.04 | -$0.20 | -$1.20 | -$2.58 | -$0.48 | $0.37 | $0.24 | $0.22 | $0.16 |
|---|
| Diluted shares | 5.79M | 5.68M | 5.73M | 45.91M | 46.13M | 44.27M | 44.98M | 42.33M | 37.76M | 27.81M | 28.94M | 31M | 27.69M | 23.27M | 23.24M |
|---|
| Gross margin | - | - | - | - | - | - | 74.66% | 73.55% | 73.39% | 73.20% | - | - | - | - | - |
|---|
| Operating margin | −6.38% | −5.63% | −1.00% | −0.16% | 1.22% | −5.09% | 1.18% | −0.82% | −7.42% | −13.85% | −4.63% | 4.68% | 4.06% | 5.34% | 4.69% |
|---|
| Net margin | −8.60% | −7.34% | −1.96% | −0.65% | 0.77% | −5.91% | 0.36% | −1.84% | −8.21% | −14.70% | −3.02% | 2.83% | 1.90% | 1.72% | 1.50% |
|---|
| $21.64M |
| $22.56M |
| $23.71M |
| $29.32M |
| $23.35M |
| $22.06M |
| $25.79M |
| $25.4M |
| $22.78M |
| $18.33M |
| $16.15M |
| - |
| Cash | $1.27M | $1.15M | $3.01M | $1.52M | $2.26M | $7.84M | $10.46M | $4.66M | $3.36M | $1.84M | $1.91M | $1.91M | $968K | $581K | $523K |
|---|
| Total liabilities | $306.98M | $330.23M | $340.94M | $305.48M | $303.83M | $323.93M | $327.95M | $119.35M | $149.37M | $183.64M | $146.19M | $98.42M | $63.33M | $142.99M | - |
|---|
| Current liabilities | $61.85M | $65.72M | $67.51M | $64.11M | $76.58M | $58.13M | $58.03M | $33.15M | $43.87M | $49.03M | $32.91M | $25.83M | $24.17M | $23.76M | - |
|---|
| Total debt | $108.78M | $100.74M | $80.22M | $46.05M | $18.93M | $40.95M | $40.5M | $44.18M | $57.62M | $84.68M | $67.73M | $27.14M | $6.31M | $93.73M | - |
|---|
| Temporary equity | - | - | - | - | - | - | - | - | - | - | - | $0 | $0 | $3.6M | $2.57M |
|---|
| Shareholder equity | −$45.31M | −$5.58M | $27.16M | $38.36M | $37.63M | $29.7M | $50.57M | $52.68M | $35.86M | $25.82M | $93.77M | $140.12M | $124.47M | $10.41M | $4.95M |
|---|