vs
Side-by-side financial comparison of Bandwidth Inc. (BAND) and NOODLES & Co (NDLS). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $122.1M, roughly 1.7× NOODLES & Co). Bandwidth Inc. runs the higher net margin — 1.9% vs -7.5%, a 9.4% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -4.1%). Bandwidth Inc. produced more free cash flow last quarter ($-1.0M vs $-2.8M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -1.2%).
Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.
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.
BAND vs NDLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $122.1M |
| Net Profit | $4.0M | $-9.2M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | -5.2% |
| Net Margin | 1.9% | -7.5% |
| Revenue YoY | 20.1% | -4.1% |
| Net Profit YoY | 200.0% | 32.8% |
| EPS (diluted) | $-0.08 | $-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.
| Q1 26 | $208.8M | — | ||
| Q4 25 | $207.7M | — | ||
| Q3 25 | $191.9M | $122.1M | ||
| Q2 25 | $180.0M | $123.8M | ||
| Q1 25 | $174.2M | — | ||
| Q4 24 | $210.0M | $122.8M | ||
| Q3 24 | $193.9M | $127.4M | ||
| Q2 24 | $173.6M | $121.4M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $-1.2M | $-9.2M | ||
| Q2 25 | $-4.9M | $-9.1M | ||
| Q1 25 | $-3.7M | — | ||
| Q4 24 | — | $-6.8M | ||
| Q3 24 | $413.0K | $-13.6M | ||
| Q2 24 | $4.1M | $-6.1M |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 39.8% | — | ||
| Q1 25 | 41.0% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 37.3% | — |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | — | ||
| Q3 25 | -1.0% | -5.2% | ||
| Q2 25 | -2.1% | -5.2% | ||
| Q1 25 | -2.7% | — | ||
| Q4 24 | -1.3% | -3.9% | ||
| Q3 24 | -0.5% | -9.0% | ||
| Q2 24 | -3.5% | -3.4% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -0.6% | -7.5% | ||
| Q2 25 | -2.7% | -7.3% | ||
| Q1 25 | -2.1% | — | ||
| Q4 24 | — | -5.5% | ||
| Q3 24 | 0.2% | -10.7% | ||
| Q2 24 | 2.3% | -5.1% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | — | ||
| Q3 25 | $-0.04 | $-0.20 | ||
| Q2 25 | $-0.16 | $-0.20 | ||
| Q1 25 | $-0.13 | — | ||
| Q4 24 | $0.27 | $-0.15 | ||
| Q3 24 | $0.01 | $-0.30 | ||
| Q2 24 | $-0.17 | $-0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $47.3M | $4.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $-38.9M |
| Total Assets | $984.2M | $280.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | — | ||
| Q3 25 | $80.4M | $4.7M | ||
| Q2 25 | $68.1M | $1.4M | ||
| Q1 25 | $41.7M | — | ||
| Q4 24 | $83.8M | $3.3M | ||
| Q3 24 | $79.9M | $1.8M | ||
| Q2 24 | $76.4M | $1.3M |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | — | ||
| Q3 25 | $392.7M | $-38.9M | ||
| Q2 25 | $384.5M | $-13.9M | ||
| Q1 25 | $345.4M | — | ||
| Q4 24 | $312.5M | $3.7M | ||
| Q3 24 | $336.6M | $9.6M | ||
| Q2 24 | $307.4M | $21.9M |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | $280.6M | ||
| Q2 25 | $1.0B | $319.4M | ||
| Q1 25 | $964.4M | — | ||
| Q4 24 | $989.2M | $340.5M | ||
| Q3 24 | $1.0B | $346.3M | ||
| Q2 24 | $1.0B | $360.4M |
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 | — | $4.3M |
| Free Cash FlowOCF − Capex | $-1.0M | $-2.8M |
| FCF MarginFCF / Revenue | -0.5% | -2.3% |
| Capex IntensityCapex / Revenue | — | 5.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | — | ||
| Q3 25 | $22.2M | $4.3M | ||
| Q2 25 | $31.7M | $4.0M | ||
| Q1 25 | $-3.1M | — | ||
| Q4 24 | $36.5M | $5.8M | ||
| Q3 24 | $20.5M | $4.7M | ||
| Q2 24 | $24.4M | $7.0M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-2.8M | ||
| Q2 25 | — | $1.1M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | — | $-4.5M | ||
| Q2 24 | — | $-1.6M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -2.3% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -3.5% | ||
| Q2 24 | — | -1.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 7.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | — | ||
| Q2 24 | 6.03× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
