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Side-by-side financial comparison of ACV Auctions Inc. (ACVA) and NOODLES & Co (NDLS). Click either name above to swap in a different company.
ACV Auctions Inc. is the larger business by last-quarter revenue ($183.6M vs $122.1M, roughly 1.5× NOODLES & Co). On growth, ACV Auctions Inc. posted the faster year-over-year revenue change (15.1% vs -4.1%). NOODLES & Co produced more free cash flow last quarter ($-2.8M vs $-14.7M). Over the past eight quarters, ACV Auctions Inc.'s revenue compounded faster (12.3% CAGR vs -1.2%).
ACV Auctions Inc.ACVAEarnings & Financial Report
ACV Auctions Inc. operates a leading digital wholesale vehicle auction platform serving automotive dealers across the U.S. and Canada. It offers end-to-end services including transparent vehicle inspections, secure payment processing, and logistics support, enabling efficient trading of used vehicles between registered wholesale buyers and sellers.
Noodles & Company is an American fast-casual restaurant that offers international and American noodle dishes in addition to soups and salads. Noodles & Company was founded in 1995 by Aaron Kennedy and is headquartered in Broomfield, Colorado. The company went public in 2013 and recorded a $457 million revenue in 2017. In mid-2022, there were 458 Noodles & Company locations across 31 states.
ACVA vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.6M | $122.1M |
| Net Profit | — | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | -9.7% | -5.2% |
| Net Margin | — | -7.5% |
| Revenue YoY | 15.1% | -4.1% |
| Net Profit YoY | — | 32.8% |
| EPS (diluted) | $-0.12 | $-0.20 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $183.6M | — | ||
| Q3 25 | $199.6M | $122.1M | ||
| Q2 25 | $193.7M | $123.8M | ||
| Q1 25 | $182.7M | — | ||
| Q4 24 | $159.5M | $122.8M | ||
| Q3 24 | $171.3M | $127.4M | ||
| Q2 24 | $160.6M | $121.4M | ||
| Q1 24 | $145.7M | $124.3M |
| Q4 25 | — | — | ||
| Q3 25 | $-24.5M | $-9.2M | ||
| Q2 25 | $-7.3M | $-9.1M | ||
| Q1 25 | $-14.8M | — | ||
| Q4 24 | — | $-6.8M | ||
| Q3 24 | $-16.0M | $-13.6M | ||
| Q2 24 | $-17.1M | $-6.1M | ||
| Q1 24 | $-20.5M | $-6.1M |
| Q4 25 | -9.7% | — | ||
| Q3 25 | -11.9% | -5.2% | ||
| Q2 25 | -3.7% | -5.2% | ||
| Q1 25 | -7.9% | — | ||
| Q4 24 | -16.2% | -3.9% | ||
| Q3 24 | -10.0% | -9.0% | ||
| Q2 24 | -11.6% | -3.4% | ||
| Q1 24 | -15.5% | -3.7% |
| Q4 25 | — | — | ||
| Q3 25 | -12.3% | -7.5% | ||
| Q2 25 | -3.8% | -7.3% | ||
| Q1 25 | -8.1% | — | ||
| Q4 24 | — | -5.5% | ||
| Q3 24 | -9.4% | -10.7% | ||
| Q2 24 | -10.6% | -5.1% | ||
| Q1 24 | -14.1% | -4.9% |
| Q4 25 | $-0.12 | — | ||
| Q3 25 | $-0.14 | $-0.20 | ||
| Q2 25 | $-0.04 | $-0.20 | ||
| Q1 25 | $-0.09 | — | ||
| Q4 24 | $-0.15 | $-0.15 | ||
| Q3 24 | $-0.10 | $-0.30 | ||
| Q2 24 | $-0.10 | $-0.14 | ||
| Q1 24 | $-0.13 | $-1.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $271.5M | $4.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $429.7M | $-38.9M |
| Total Assets | $1.1B | $280.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.5M | — | ||
| Q3 25 | $265.3M | $4.7M | ||
| Q2 25 | $258.4M | $1.4M | ||
| Q1 25 | $291.9M | — | ||
| Q4 24 | $224.1M | $3.3M | ||
| Q3 24 | $252.5M | $1.8M | ||
| Q2 24 | $215.0M | $1.3M | ||
| Q1 24 | $209.8M | $3.0M |
| Q4 25 | $429.7M | — | ||
| Q3 25 | $434.4M | $-38.9M | ||
| Q2 25 | $448.8M | $-13.9M | ||
| Q1 25 | $439.6M | — | ||
| Q4 24 | $440.0M | $3.7M | ||
| Q3 24 | $456.2M | $9.6M | ||
| Q2 24 | $457.6M | $21.9M | ||
| Q1 24 | $458.3M | $27.2M |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.2B | $280.6M | ||
| Q2 25 | $1.1B | $319.4M | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $984.1M | $340.5M | ||
| Q3 24 | $1.0B | $346.3M | ||
| Q2 24 | $1.0B | $360.4M | ||
| Q1 24 | $1.0B | $368.1M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-12.4M | $4.3M |
| Free Cash FlowOCF − Capex | $-14.7M | $-2.8M |
| FCF MarginFCF / Revenue | -8.0% | -2.3% |
| Capex IntensityCapex / Revenue | 1.2% | 5.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $69.1M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.4M | — | ||
| Q3 25 | $10.3M | $4.3M | ||
| Q2 25 | $13.7M | $4.0M | ||
| Q1 25 | $66.6M | — | ||
| Q4 24 | $-3.2M | $5.8M | ||
| Q3 24 | $21.1M | $4.7M | ||
| Q2 24 | $4.5M | $7.0M | ||
| Q1 24 | $43.0M | $164.0K |
| Q4 25 | $-14.7M | — | ||
| Q3 25 | $7.7M | $-2.8M | ||
| Q2 25 | $10.9M | $1.1M | ||
| Q1 25 | $65.3M | — | ||
| Q4 24 | $-3.9M | $-1.3M | ||
| Q3 24 | $20.2M | $-4.5M | ||
| Q2 24 | $2.7M | $-1.6M | ||
| Q1 24 | $41.9M | $-15.2M |
| Q4 25 | -8.0% | — | ||
| Q3 25 | 3.8% | -2.3% | ||
| Q2 25 | 5.6% | 0.9% | ||
| Q1 25 | 35.7% | — | ||
| Q4 24 | -2.5% | -1.1% | ||
| Q3 24 | 11.8% | -3.5% | ||
| Q2 24 | 1.7% | -1.4% | ||
| Q1 24 | 28.8% | -12.2% |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.3% | 5.8% | ||
| Q2 25 | 1.5% | 2.4% | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.4% | 5.8% | ||
| Q3 24 | 0.6% | 7.2% | ||
| Q2 24 | 1.1% | 7.1% | ||
| Q1 24 | 0.7% | 12.3% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACVA
| Auction Marketplace Revenue | $77.6M | 42% |
| Other Marketplace Revenue | $72.4M | 39% |
| Customer Assurance | $24.1M | 13% |
| Data Services Revenue | $9.4M | 5% |
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
