Noodles & annual operating expenses
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Noodles & Operating Expenses Growth & History (NDLS)
Noodles &'s operating expenses was $526.7M for fiscal 2025.
View full Noodles & company overviewNoodles & annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-30 | $526.7M | $5.6M | +1.08% |
| 2024 | 2024-12-31 | $521.0M | $12.6M | +2.48% |
| 2023 | 2024-01-02 | $508.4M | −$1.9M | −0.37% |
| 2022 | 2023-01-03 | $510.3M | $41.0M | +8.73% |
| 2021 | 2021-12-28 | $469.3M | $55.7M | +13.45% |
| 2020 | 2020-12-29 | $413.7M | −$43.3M | −9.47% |
| 2019 | 2019-12-31 | $457.0M | −$4.6M | −1.00% |
| 2018 | 2019-01-01 | $461.6M | −$28.7M | −5.86% |
| 2017 | 2018-01-02 | $490.3M | −$64.7M | −11.65% |
| 2016 | 2017-01-03 | $555.0M | $78.5M | +16.47% |
| 2015 | 2015-12-29 | $476.5M | $91.7M | +23.83% |
| 2014 | 2014-12-30 | $384.8M | $48.2M | +14.30% |
| 2013 | 2013-12-31 | $336.7M | $52.3M | +18.40% |
| 2012 | 2013-01-01 | $284.4M | $40.3M | +16.52% |
| 2011 | 2012-01-03 | $244.1M | — | — |
Noodles & quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $128.6M | −$12.6M | −8.95% |
| Q1 2026 | 2026-03-31 | $124.6M | −$5.6M | −4.29% |
| Q4 2025 | 2025-12-30 | $126.9M | −$2.3M | −1.75% |
| Q3 2025 | 2025-09-30 | $128.4M | $854,000 | +0.67% |
| Q2 2025 | 2025-07-01 | $141.2M | $2.3M | +1.69% |
| Q1 2025 | 2025-04-01 | $130.2M | $4.7M | +3.74% |
| Q4 2024 | 2024-12-31 | $129.1M | $261,000 | +0.20% |
| Q3 2024 | 2024-10-01 | $127.6M | $1.7M | +1.38% |
| Q2 2024 | 2024-07-02 | $138.9M | $13.4M | +10.71% |
| Q1 2024 | 2024-04-02 | $125.5M | −$2.8M | −2.19% |
| Q4 2023 | 2024-01-02 | $128.9M | −$5.8M | −4.28% |
| Q3 2023 | 2023-10-03 | $125.8M | −$2.0M | −1.59% |
| Q2 2023 | 2023-07-04 | $125.4M | −$3.8M | −2.91% |
| Q1 2023 | 2023-04-04 | $128.3M | $9.7M | +8.15% |
| Q4 2022 | 2023-01-03 | $134.6M | $15.5M | +13.00% |
| Q3 2022 | 2022-09-27 | $127.9M | $8.0M | +6.72% |
| Q2 2022 | 2022-06-28 | $129.2M | $9.8M | +8.16% |
| Q1 2022 | 2022-03-29 | $118.6M | $7.7M | +6.94% |
| Q4 2021 | 2021-12-28 | $119.1M | $8.6M | +7.79% |
| Q3 2021 | 2021-09-28 | $119.8M | $14.5M | +13.82% |
| Q2 2021 | 2021-06-29 | $119.4M | $26.8M | +28.87% |
| Q1 2021 | 2021-03-30 | $110.9M | $5.7M | +5.46% |
| Q4 2020 | 2020-12-29 | $110.5M | −$3.1M | −2.71% |
| Q3 2020 | 2020-09-29 | $105.3M | −$8.0M | −7.06% |
| Q2 2020 | 2020-06-30 | $92.7M | −$26.3M | −22.08% |
| Q1 2020 | 2020-03-31 | $105.2M | −$5.9M | −5.34% |
| Q4 2019 | 2019-12-31 | $113.6M | $1.4M | +1.23% |
| Q3 2019 | 2019-10-01 | $113.3M | −$1.3M | −1.16% |
| Q2 2019 | 2019-07-02 | $119.0M | −$2.6M | −2.14% |
| Q1 2019 | 2019-04-02 | $111.1M | −$2.1M | −1.83% |
| Q4 2018 | 2019-01-01 | $112.2M | −$444,000 | −0.39% |
| Q3 2018 | 2018-10-02 | $114.6M | −$7.1M | −5.83% |
| Q2 2018 | 2018-07-03 | $121.6M | $8.0M | +7.00% |
| Q1 2018 | 2018-04-03 | $113.2M | −$29.2M | −20.48% |
| Q4 2017 | 2018-01-02 | $112.7M | −$61.0M | −35.13% |
| Q3 2017 | 2017-10-03 | $121.7M | −$10.0M | −7.63% |
| Q2 2017 | 2017-07-04 | $113.6M | −$19.1M | −14.41% |
| Q1 2017 | 2017-04-04 | $142.4M | — | — |
| Q4 2016 | 2017-01-03 | $173.7M | $50.1M | +40.56% |
| Q3 2016 | 2016-09-27 | $131.7M | −$887,000 | −0.67% |
| Q2 2016 | 2016-06-28 | $132.7M | $22.5M | +20.42% |
| Q1 2016 · Mar 31 | 2016-03-31 | $116.8M | $6.7M | +6.13% |
| Q1 2016 · Mar 29 | 2016-03-29 | $116.8M | $6.7M | +6.13% |
| Q4 2015 | 2015-12-29 | $123.6M | — | — |
| Q3 2015 | 2015-09-29 | $132.6M | — | — |
| Q2 2015 | 2015-06-30 | $110.2M | — | — |
| Q1 2015 | 2015-03-31 | $110.1M | — | — |
| Q3 2012 | 2012-10-02 | $73.1M | — | — |
| Q2 2012 | 2012-07-03 | $70.3M | — | — |
Noodles & operating expenses trends
Over the last five fiscal years, Noodles &'s operating expenses increased from $413.7M to $526.7M, a change of $113.0M. The latest reported quarter, Q2 2026, shows $128.6M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Noodles & source filings ↗