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Side-by-side financial comparison of BingEx Ltd (FLX) and NOODLES & Co (NDLS). Click either name above to swap in a different company.
BingEx Ltd is the larger business by last-quarter revenue ($143.2M vs $122.1M, roughly 1.2× NOODLES & Co). BingEx Ltd runs the higher net margin — 2.2% vs -7.5%, a 9.7% gap on every dollar of revenue.
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.
FLX vs NDLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.2M | $122.1M |
| Net Profit | $3.2M | $-9.2M |
| Gross Margin | 10.8% | — |
| Operating Margin | — | -5.2% |
| Net Margin | 2.2% | -7.5% |
| Revenue YoY | — | -4.1% |
| Net Profit YoY | — | 32.8% |
| EPS (diluted) | — | $-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 | $143.2M | — | ||
| Q3 25 | $141.2M | $122.1M | ||
| Q2 25 | $143.0M | $123.8M | ||
| Q1 25 | $141.0M | — | ||
| Q4 24 | — | $122.8M | ||
| Q3 24 | $164.6M | $127.4M | ||
| Q2 24 | — | $121.4M | ||
| Q1 24 | — | $124.3M |
| Q1 26 | $3.2M | — | ||
| Q3 25 | $6.1M | $-9.2M | ||
| Q2 25 | $7.5M | $-9.1M | ||
| Q1 25 | $27.6M | — | ||
| Q4 24 | — | $-6.8M | ||
| Q3 24 | $3.4M | $-13.6M | ||
| Q2 24 | — | $-6.1M | ||
| Q1 24 | — | $-6.1M |
| Q1 26 | 10.8% | — | ||
| Q3 25 | 11.1% | — | ||
| Q2 25 | 12.0% | — | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 11.3% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | 1.4% | -5.2% | ||
| Q2 25 | 1.9% | -5.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -3.9% | ||
| Q3 24 | 4.0% | -9.0% | ||
| Q2 24 | — | -3.4% | ||
| Q1 24 | — | -3.7% |
| Q1 26 | 2.2% | — | ||
| Q3 25 | 4.4% | -7.5% | ||
| Q2 25 | 5.2% | -7.3% | ||
| Q1 25 | 19.6% | — | ||
| Q4 24 | — | -5.5% | ||
| Q3 24 | 2.1% | -10.7% | ||
| Q2 24 | — | -5.1% | ||
| Q1 24 | — | -4.9% |
| Q1 26 | — | — | ||
| Q3 25 | — | $-0.20 | ||
| Q2 25 | — | $-0.20 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-0.15 | ||
| Q3 24 | — | $-0.30 | ||
| Q2 24 | — | $-0.14 | ||
| Q1 24 | — | $-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 | $561.1M | $4.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $-38.9M |
| Total Assets | $1.3B | $280.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $561.1M | — | ||
| Q3 25 | $628.6M | $4.7M | ||
| Q2 25 | $499.4M | $1.4M | ||
| Q1 25 | $592.4M | — | ||
| Q4 24 | — | $3.3M | ||
| Q3 24 | $517.4M | $1.8M | ||
| Q2 24 | — | $1.3M | ||
| Q1 24 | — | $3.0M |
| Q1 26 | — | — | ||
| Q3 25 | — | $-38.9M | ||
| Q2 25 | — | $-13.9M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.7M | ||
| Q3 24 | — | $9.6M | ||
| Q2 24 | — | $21.9M | ||
| Q1 24 | — | $27.2M |
| Q1 26 | $1.3B | — | ||
| Q3 25 | $1.3B | $280.6M | ||
| Q2 25 | $1.2B | $319.4M | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | — | $340.5M | ||
| Q3 24 | $926.8M | $346.3M | ||
| Q2 24 | — | $360.4M | ||
| Q1 24 | — | $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 | — | $4.3M |
| Free Cash FlowOCF − Capex | — | $-2.8M |
| FCF MarginFCF / Revenue | — | -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 | — | — | ||
| Q3 25 | — | $4.3M | ||
| Q2 25 | — | $4.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | — | $4.7M | ||
| Q2 24 | — | $7.0M | ||
| Q1 24 | — | $164.0K |
| Q1 26 | — | — | ||
| Q3 25 | — | $-2.8M | ||
| Q2 25 | — | $1.1M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | — | $-4.5M | ||
| Q2 24 | — | $-1.6M | ||
| Q1 24 | — | $-15.2M |
| Q1 26 | — | — | ||
| Q3 25 | — | -2.3% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -3.5% | ||
| Q2 24 | — | -1.4% | ||
| Q1 24 | — | -12.2% |
| Q1 26 | — | — | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 7.1% | ||
| Q1 24 | — | 12.3% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLX
Segment breakdown not available.
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
