Noodles (NDLS) Operating Expenses (2012 - 2026)

Noodles (NDLS) posted quarterly Operating Expenses of $128.6 million for Q2 2026, down 8.95% year-on-year from $141.2 million in Q2 2025, and up 3.19% on a QoQ basis from $124.6 million in Q1 2026.

Noodles (NDLS) Operating Expenses (2012 - 2026) Analysis & Trends

Noodles (NDLS) has reported Operating Expenses for 15 consecutive years, with $128.6 million the latest figure, recorded in Q2 2026.

  • Quarterly Operating Expenses fell 8.95% year-over-year to $128.6 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $508.5 million (down 3.72% YoY) and the FY2025 annual result came in at $526.7 million, up 1.08% from the prior year.
  • Operating Expenses climbed to $128.6 million in Q2 2026 per NDLS's latest filing, from $124.6 million in the prior quarter.
  • Over the last five years, Operating Expenses for NDLS reached as high as $141.2 million in Q3 2025 and fell as low as $118.6 million in Q1 2022.
  • A 5-year average of $128.8 million and a median of $128.3 million in 2023 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2024 — Operating Expenses gained 10.71% — and 2026, when it dropped 8.95%.
  • Year by year, Operating Expenses stood at $127.9 million in 2022, then retreated by 1.59% to $125.8 million in 2023, then gained by 2.64% to $129.1 million in 2024, then decreased by 1.75% to $126.9 million in 2025, then gained by 1.34% to $128.6 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $128.6 million, $124.6 million, and $126.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Starbucks 117.61 Bn 115.91 Bn 6.32 Bn 8.75 Bn
2 Chipotle Mexican Grill 41.20 Bn 40.33 Bn 2.61 Bn 2.69 Bn
3 Yum Brands 40.68 Bn 39.99 Bn 1.38 Bn 1.42 Bn
4 Restaurant Brands International 25.13 Bn 25.66 Bn 2.14 Bn 1.66 Bn
5 Darden Restaurants 22.23 Bn 21.99 Bn 3.68 Bn 3.20 Bn
6 Yum China Holdings 15.22 Bn 14.47 Bn 2.31 Bn 2.82 Bn
7 Texas Roadhouse 12.56 Bn 12.37 Bn 1.40 Bn 1.49 Bn
8 Dominos Pizza 10.74 Bn 10.60 Bn 478.23 Mn 115.37 Mn
9 Dutch Bros 8.14 Bn 8.10 Bn 107.48 Mn 430.11 Mn
10 Noodles 76.51 Mn 75.06 Mn 101.67 Mn 128.58 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 128.58 Mn
Mar 31, 2026 124.60 Mn
Dec 30, 2025 126.88 Mn
Sep 30, 2025 128.41 Mn
Jul 1, 2025 141.21 Mn
Apr 1, 2025 130.18 Mn
Dec 31, 2024 129.14 Mn
Oct 1, 2024 127.55 Mn
Jul 2, 2024 138.87 Mn
Apr 2, 2024 125.49 Mn
Jan 2, 2024 132.76 Mn
Oct 3, 2023 125.82 Mn
Jul 4, 2023 125.43 Mn
Apr 4, 2023 128.30 Mn
Sep 27, 2022 127.85 Mn
Jun 28, 2022 129.19 Mn
Mar 29, 2022 118.64 Mn
Dec 28, 2021 119.15 Mn
Sep 28, 2021 119.81 Mn
Jun 29, 2021 119.44 Mn