Noodles (NDLS) Operating Leases (2019 - 2026)

Noodles (NDLS) has 8 years of Operating Leases data on file, last reported at $115.9 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Leases fell 23.5% year-over-year to $115.9 million; the trailing twelve-month figure through Mar 2026 stood at $115.9 million (down 23.5% YoY), and the FY2025 full-year result was $126.9 million, down 19.01% from the prior year.
• Operating Leases for Q1 2026 stood at $115.9 million, down from $126.9 million in the prior quarter.
• Across five years, Operating Leases topped out at $196.9 million in Q1 2022 and bottomed at $115.9 million in Q1 2026.
• The 5-year median for Operating Leases is $178.5 million (2024), against an average of $168.6 million.
• The widest annual swing landed in 2024, when Operating Leases dropped 0.55%; it then decreased 23.5% in 2026.
• A 5-year view of Operating Leases shows it stood at $196.0 million in 2022, then declined by 3.06% to $190.0 million in 2023, then declined by 17.5% to $156.7 million in 2024, then dropped by 19.01% to $126.9 million in 2025, then decreased by 8.72% to $115.9 million in 2026.
• The last three Operating Leases figures came in at $115.9 million (Q1 2026), $126.9 million (Q4 2025), and $130.9 million (Q3 2025), per Business Quant data.

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