What is the 13F Pro Quality Score for NDLS?

13F Pro ranks NOODLES & Co (NDLS) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View NDLS's current score at https://13fpro.ai/research/NDLS (free sign-up required for the full ranking).

Where does 13F Pro source NDLS data?

All NOODLES & Co fundamentals and ownership data come directly from SEC EDGAR. NOODLES & Co files with the SEC under CIK 1275158. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is NDLS in?

NOODLES & Co (NDLS) is classified in the Consumer Discretionary sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/consumer-discretionary.

How often is NDLS research updated on 13F Pro?

NDLS's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

NOODLES & Co(NDLS)Stock Analysis

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Consumer Discretionary →Nasdaq

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SEC EDGAR: CIK 1275158 NDLS stock profile & AI dashboard →

13F Pro Quality Score

30.4/100

Rank #2,361 of 2,879 stocks

View Consumer Discretionary peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

30.7/100

Profitability

22.0/100

Balance Sheet

13.7/100

Earnings Quality

30.0/100

Free Cash Flow

35.0/100

Institutional Flow

40.9/100

Revenue Scale

36.8/100

Dilution Risk

70.5/100

NDLS Stock Analysis & AI Quality Score

AI stock analysis and institutional research for NOODLES & Co (NDLS), a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores NDLS at 30.4/100 on a 32-signal composite quality model, placing it at rank #2,361 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include balance sheet strength (13.7) and profitability (22.0), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), NOODLES & Co reports quarterly revenue of $123.8M, net income of $-3.4M, free cash flow of $3.9M. Top institutional holders of NDLS by reported 13-F value include Mill Road Capital Management, Nantahala Capital Management,, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. NDLS trades on the Nasdaq exchange and files with the SEC under CIK 1275158. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NDLS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NOODLES & Co directly from SEC EDGAR. NOODLES & Co's 13F Pro composite quality score has ranged between 27 and 42 since 2021, currently 30.4 — a stable long-term trajectory across 28 quarterly and live scoring snapshots.

Revenue

Q1 2026

$123.8M

Net Income

Q1 2026

$-3.4M

Free Cash Flow

Q1 2026

$3.9M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

-2.0% YoY

$493.3MFY 2024

FY19 $462.4MFY22 $509.5MFY23 $503.4MFY24 $493.3M

Net Income

-267.4% YoY

$-36.2MFY 2024

FY19 $1.6MFY22 $-3.3MFY23 $-9.9MFY24 $-36.2M

Operating Income

-452.4% YoY

$-27.8MFY 2024

FY19 $5.4MFY22 $-832.0KFY23 $-5.0MFY24 $-27.8M

EPS (Diluted)

-270.3% YoY

$-6.37FY 2024

FY19 $0.04FY22 $-0.07FY23 $-1.72FY24 $-6.37

Total Assets

-11.8% YoY

$324.6MFY 2024

FY19 $378.5MFY22 $343.8MFY23 $368.1MFY24 $324.6M

Total Debt

+25.6% YoY

$100.7MFY 2024

FY19 $43.4MFY22 $46.1MFY23 $80.2MFY24 $100.7M

Op. Cash Flow

-72.5% YoY

$7.6MFY 2024

FY19 $30.1MFY22 $9.6MFY23 $27.5MFY24 $7.6M

Metric	FY 2024	FY 2023	FY 2022	FY 2019	FY 2016	FY 2015
Revenue	$493.3M -2.0%	$503.4M -1.2%	$509.5M +10.2%	$462.4M -5.1%	$487.5M +7.0%	$455.5M
Net Income	$-36.2M -267.4%	$-9.9M -197.4%	$-3.3M -301.2%	$1.6M +102.3%	$-71.7M -420.7%	$-13.8M
Operating Income	$-27.8M -452.4%	$-5.0M -504.4%	$-832.0K -115.3%	$5.4M +108.1%	$-67.5M -220.5%	$-21.1M
EPS (Diluted)	$-6.37 -270.3%	$-1.72 -2357.1%	$-0.07 -275.0%	$0.04 +101.6%	$-2.58 -437.5%	$-0.48
Total Assets	$324.6M -11.8%	$368.1M +7.1%	$343.8M -9.2%	$378.5M +80.7%	$209.5M -12.7%	$240.0M
Total Debt	$100.7M +25.6%	$80.2M +74.2%	$46.1M +6.2%	$43.4M -49.2%	$85.4M +26.1%	$67.7M
Operating Cash Flow	$7.6M -72.5%	$27.5M +187.7%	$9.6M -68.2%	$30.1M +21.5%	$24.7M -44.4%	$44.5M

AI Insight: NDLS Financial Trends

NDLS remains unprofitable with negative equity, though operating losses are narrowing toward breakeven.

• Operating income loss improved from –$15M in Q3 2025 to –$1M in Q1 2026, signaling operational stabilization.

• Net income loss narrowed to –$3M in Q1 2026 from –$18M in Q3 2025, showing margin recovery.

• Revenue flat-to-declining, ranging $122–127M over 8 quarters with no growth trajectory.

⚠ Equity deteriorated from $10M (Q3 2024) to –$48M (Q1 2026); company is technically insolvent.

⚠ Total debt rose from $85M to $109M while equity collapsed, leverage ratio critically unsustainable.

AI Insight: NDLS Ratio Trends

NDLS swung from -11.7% operating margin in Q3 2025 to -0.7% in Q1 2026, signaling a dramatic near-term operational inflection toward breakeven.

• Operating margin improved 11.0pp from Q3 2025 (-11.7%) to Q1 2026 (-0.7%), steepest single-quarter gain in dataset.

• ROIC strengthened 72.5pp from Q3 2025 (-78.1%) to Q1 2026 (-5.6%), exiting deeply negative territory.

• Net profit margin recovered 11.1pp from Q3 2025 (-13.9%) to Q1 2026 (-2.8%), narrowing losses.

⚠ TTM profitability remains deeply negative: -5.2% OpMargin, -7.5% NPM, -45.2% ROIC. Q1 gains may reflect seasonal strength.

⚠ Q3 2025 (-11.7% OpMargin) was an outlier low; confirm Q1 2026 improvement is structural, not seasonal reversal.

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Available Research

13F Pro tracks comprehensive data for NOODLES & Co including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of NDLS

Mill Road Capital Management LLC
$7.4M870,660 sh
Nantahala Capital Management, LLC
$4.7M553,746 sh
VANGUARD CAPITAL MANAGEMENT LLC
$2.0M230,727 sh
BlackRock, Inc.
$532.3K62,258 sh
JANE STREET GROUP, LLC
$527.7K61,720 sh
GEODE CAPITAL MANAGEMENT, LLC
$468.8K54,815 sh
VANGUARD FIDUCIARY TRUST CO
$214.8K25,124 sh
Centiva Capital, LP
$213.1K24,923 sh
STATE STREET CORP
$194.5K22,743 sh
CITADEL ADVISORS LLC
$172.5K20,172 sh

Fund	Value	Shares
Mill Road Capital Management LLC	$7.4M	870,660
Nantahala Capital Management, LLC	$4.7M	553,746
VANGUARD CAPITAL MANAGEMENT LLC	$2.0M	230,727
BlackRock, Inc.	$532.3K	62,258
JANE STREET GROUP, LLC	$527.7K	61,720
GEODE CAPITAL MANAGEMENT, LLC	$468.8K	54,815
VANGUARD FIDUCIARY TRUST CO	$214.8K	25,124
Centiva Capital, LP	$213.1K	24,923
STATE STREET CORP	$194.5K	22,743
CITADEL ADVISORS LLC	$172.5K	20,172

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Is NDLS a good stock to buy?

13F Pro's AI-powered analysis of NOODLES & Co (NDLS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Discretionary sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NDLS are available on the NDLS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own NDLS?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NDLS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NOODLES & Co's investment landscape.