NDLS PRESS-RELEASE SEC Filing Analysis

Latest settled — T+20d

NDLS ▲ +19.94% at T+20d

NEUTRAL call ✓ call won +19.94% · α vs SPY +9.27% · entry $9.43 → $11.31

Next anchor: T+60d in 12d

Currently $13.34 · +41.46% from $9.43 entry

Entry anchored
Mar 25, 03:59 PM ET
via Databento tick

T+1d

-2.44%

call -2.44% · α -0.76%

$9.20

settled 3mo ago

T+5d

-9.54%

call -9.54% · α -11.18%

$8.53

settled 2mo ago

T+20d

+19.94%

call +19.94% · α +9.27%

$11.31

settled 7w ago

T+60d

—

call — · α —

—

in 12d

Price Chart

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Executive Summary

Noodles & Company reported mixed fourth quarter and full-year 2025 results: revenue was flat, comp sales grew 6.6% system-wide, and Adjusted EBITDA nearly doubled to $7.6M, but net loss widened to $42.6M due to impairments and closures. The company guided for strong 2026 comp growth (6–9%) and Adjusted EBITDA of $30–35M, with Q1 comp sales already over 9%. However, it plans to close 30–35 company-owned stores and faces a negative equity position of ($45.3M).

Key Financial Metrics

Revenue

$495.1M

+0.4% YoY

Adj. EPS

$-3.76

GAAP: $-7.36

Guidance

$478M-$493M

maintained

Actionable Insight

The stock may react positively to accelerating comp sales and improved Adjusted EBITDA trajectory, but traders should monitor execution risks around store closures, negative equity, and whether 2026 guidance is achievable given ongoing losses and high leverage.

Key Facts

Q4 2025 comp sales up 6.6% system-wide (7.3% company-owned, 3.8% franchise)
Full-year 2025 revenue flat at $495.1M, but net loss widened to $42.6M from $36.2M
Adjusted EBITDA declined slightly to $22.5M from $23.6M despite margin improvements
Company guided for 2026 revenue of $478M–$493M, Adjusted EBITDA of $30M–$35M, and comp growth of 6–9%
Q1 2026 comp sales already tracking over 9%, with Adjusted EBITDA expected at $5.7M–$6.3M
33 company-owned restaurants closed in 2025; 30–35 more planned for 2026
Stockholders' equity is negative at ($45.3M) as of December 30, 2025

Financial Impact

Revenue flat YoY, Adjusted EBITDA expected to grow 33–56% in 2026, but significant store closures and negative equity remain concerns

revenueepsebitdaoperating_marginrestaurant_count

Risk Factors

Negative stockholders' equity of ($45.3M) raises solvency concerns
Continued store closures may pressure long-term growth
Heavy debt load ($110.2M) and thin liquidity ($1.3M cash)
Guidance relies on non-GAAP metrics that exclude key expenses

Market Snapshot

Exchange

Nasdaq

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3262569

4 reports for NDLS

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for NDLS — sortable, filterable
	Type				Now
May 6, 2026 4w ago	8-K BULLISH ★ 8/10	$12.00 $12.88	▲ +7.33%	▲ +4.20%	$13.34 (+11.17%)
Apr 15, 2026 7w ago	Press Release NEUTRAL ★ 3/10	$8.52 $12.95	▲ +52.00%	▲ +45.95%	$13.34 (+56.57%)
Apr 1, 2026 9w ago	DEFA14A NEUTRAL ★ 2/10	$8.85 $12.09	▲ +36.61%	▲ +26.89%	$13.34 (+50.73%)
Mar 25, 2026 10w ago	Press Release MIXED ★ 6/10	$9.43 $11.31	▲ +19.94%	▲ +9.27%	$13.34 (+41.46%)

US Market Status

Market Closed — Opens Thu (10h 5m)

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