Noodles (NDLS) Operating Expenses (2012 - 2026)
Noodles posted quarterly Operating Expenses of $124.6 million for Q1 2026, down 4.29% year-on-year from $130.2 million in Q1 2025, and down 1.8% on a QoQ basis from $126.9 million in Q4 2025.
Noodles (NDLS) has 15 years of Operating Expenses data on file, last reported at $124.6 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 4.29% year-over-year to $124.6 million; the trailing twelve-month figure through Mar 2026 stood at $521.1 million (down 0.88% YoY), and the FY2025 full-year result was $526.7 million, up 1.08% from the prior year.
- Operating Expenses for Q1 2026 stood at $124.6 million, down from $126.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $141.2 million in Q3 2025 and bottomed at $118.6 million in Q1 2022.
- The 5-year median for Operating Expenses is $128.1 million (2022), against an average of $128.8 million.
- The widest annual swing landed in 2024, when Operating Expenses rose 10.71%; it then decreased 4.29% in 2026.
- A 5-year view of Operating Expenses shows it stood at $127.9 million in 2022, then declined by 1.59% to $125.8 million in 2023, then increased by 2.64% to $129.1 million in 2024, then fell by 1.75% to $126.9 million in 2025, then decreased by 1.8% to $124.6 million in 2026.
- The last three Operating Expenses figures came in at $124.6 million (Q1 2026), $126.9 million (Q4 2025), and $128.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 8.75 Bn |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 1.42 Bn |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 2.69 Bn |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 1.66 Bn |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 2.94 Bn |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 2.82 Bn |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 1.49 Bn |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 111.41 Mn |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 272.18 Mn |
| 10 | Noodles | 73.79 Mn | 72.35 Mn | 98.07 Mn | 124.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 30, 2021 | 110.94 Mn |
| Dec 29, 2020 | 110.54 Mn |
| Sep 29, 2020 | 105.26 Mn |
| Jun 30, 2020 | 92.68 Mn |
| Mar 31, 2020 | 105.20 Mn |
| Dec 31, 2019 | 113.62 Mn |
| Oct 1, 2019 | 113.26 Mn |
| Jul 2, 2019 | 118.95 Mn |
| Apr 2, 2019 | 111.14 Mn |
| Jan 1, 2019 | 83.94 Mn |
| Oct 2, 2018 | 114.60 Mn |
| Jul 3, 2018 | 121.56 Mn |
| Apr 3, 2018 | 113.20 Mn |
| Jan 2, 2018 | 12.54 Mn |
| Oct 3, 2017 | 121.69 Mn |
| Jul 4, 2017 | 113.60 Mn |
| Apr 4, 2017 | 142.36 Mn |
| Jan 3, 2017 | 173.72 Mn |
| Sep 27, 2016 | 131.74 Mn |
| Jun 28, 2016 | 132.72 Mn |
| Mar 29, 2016 | 116.83 Mn |
| Dec 29, 2015 | 123.59 Mn |
| Sep 29, 2015 | 132.63 Mn |
| Jun 30, 2015 | 110.22 Mn |
| Mar 31, 2015 | 110.08 Mn |
| Dec 30, 2014 | 103.07 Mn |
| Sep 30, 2014 | 101.17 Mn |
| Jul 1, 2014 | 93.52 Mn |
| Apr 1, 2014 | 87.06 Mn |
| Dec 31, 2013 | 86.31 Mn |
| Oct 1, 2013 | 83.36 Mn |
| Jul 2, 2013 | 88.30 Mn |
| Apr 2, 2013 | 78.71 Mn |
| Oct 2, 2012 | 73.10 Mn |
| Jul 3, 2012 | 70.30 Mn |