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Side-by-side financial comparison of NOODLES & Co (NDLS) and Rimini Street, Inc. (RMNI). Click either name above to swap in a different company.
NOODLES & Co is the larger business by last-quarter revenue ($122.1M vs $105.5M, roughly 1.2× Rimini Street, Inc.). Rimini Street, Inc. runs the higher net margin — 1.3% vs -7.5%, a 8.8% gap on every dollar of revenue. On growth, Rimini Street, Inc. posted the faster year-over-year revenue change (1.2% vs -4.1%). Over the past eight quarters, Rimini Street, Inc.'s revenue compounded faster (1.1% CAGR vs -1.2%).
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.
Rimini Street, Inc. is a global provider of independent third-party support services for enterprise software products including Oracle and SAP platforms. It serves clients across multiple industries worldwide, delivering cost-effective support, maintenance, and consulting solutions that help businesses cut operational expenses while ensuring software performance and security.
NDLS vs RMNI — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $122.1M | $105.5M |
| Net Profit | $-9.2M | $1.4M |
| Gross Margin | — | 59.0% |
| Operating Margin | -5.2% | 4.6% |
| Net Margin | -7.5% | 1.3% |
| Revenue YoY | -4.1% | 1.2% |
| Net Profit YoY | 32.8% | -59.4% |
| EPS (diluted) | $-0.20 | $0.01 |
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 | — | $105.5M | ||
| Q4 25 | — | $109.8M | ||
| Q3 25 | $122.1M | $103.4M | ||
| Q2 25 | $123.8M | $104.1M | ||
| Q1 25 | — | $104.2M | ||
| Q4 24 | $122.8M | $114.2M | ||
| Q3 24 | $127.4M | $104.7M | ||
| Q2 24 | $121.4M | $103.1M |
| Q1 26 | — | $1.4M | ||
| Q4 25 | — | $724.0K | ||
| Q3 25 | $-9.2M | $2.8M | ||
| Q2 25 | $-9.1M | $30.3M | ||
| Q1 25 | — | $3.4M | ||
| Q4 24 | $-6.8M | $6.7M | ||
| Q3 24 | $-13.6M | $-43.1M | ||
| Q2 24 | $-6.1M | $-1.1M |
| Q1 26 | — | 59.0% | ||
| Q4 25 | — | 60.4% | ||
| Q3 25 | — | 59.9% | ||
| Q2 25 | — | 60.4% | ||
| Q1 25 | — | 61.0% | ||
| Q4 24 | — | 63.7% | ||
| Q3 24 | — | 60.7% | ||
| Q2 24 | — | 59.1% |
| Q1 26 | — | 4.6% | ||
| Q4 25 | — | 4.5% | ||
| Q3 25 | -5.2% | 4.2% | ||
| Q2 25 | -5.2% | 39.6% | ||
| Q1 25 | — | 9.0% | ||
| Q4 24 | -3.9% | 13.0% | ||
| Q3 24 | -9.0% | -47.4% | ||
| Q2 24 | -3.4% | -0.8% |
| Q1 26 | — | 1.3% | ||
| Q4 25 | — | 0.7% | ||
| Q3 25 | -7.5% | 2.7% | ||
| Q2 25 | -7.3% | 29.1% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | -5.5% | 5.8% | ||
| Q3 24 | -10.7% | -41.2% | ||
| Q2 24 | -5.1% | -1.1% |
| Q1 26 | — | $0.01 | ||
| Q4 25 | — | $0.00 | ||
| Q3 25 | $-0.20 | $0.03 | ||
| Q2 25 | $-0.20 | $0.32 | ||
| Q1 25 | — | $0.04 | ||
| Q4 24 | $-0.15 | $0.07 | ||
| Q3 24 | $-0.30 | $-0.47 | ||
| Q2 24 | $-0.14 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.7M | $132.2M |
| Total DebtLower is stronger | — | $56.4M |
| Stockholders' EquityBook value | $-38.9M | — |
| Total Assets | $280.6M | $397.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $132.2M | ||
| Q4 25 | — | $120.0M | ||
| Q3 25 | $4.7M | $108.7M | ||
| Q2 25 | $1.4M | $101.3M | ||
| Q1 25 | — | $122.6M | ||
| Q4 24 | $3.3M | $88.8M | ||
| Q3 24 | $1.8M | $119.5M | ||
| Q2 24 | $1.3M | $134.2M |
| Q1 26 | — | $56.4M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $-27.0M | ||
| Q3 25 | $-38.9M | $-27.3M | ||
| Q2 25 | $-13.9M | $-29.0M | ||
| Q1 25 | — | $-63.7M | ||
| Q4 24 | $3.7M | $-69.4M | ||
| Q3 24 | $9.6M | $-76.8M | ||
| Q2 24 | $21.9M | $-36.1M |
| Q1 26 | — | $397.1M | ||
| Q4 25 | — | $423.1M | ||
| Q3 25 | $280.6M | $352.9M | ||
| Q2 25 | $319.4M | $397.5M | ||
| Q1 25 | — | $343.0M | ||
| Q4 24 | $340.5M | $369.1M | ||
| Q3 24 | $346.3M | $343.8M | ||
| Q2 24 | $360.4M | $367.4M |
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 | $-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 | — | — | ||
| Q4 25 | — | $19.6M | ||
| Q3 25 | $4.3M | $24.7M | ||
| Q2 25 | $4.0M | $-17.8M | ||
| Q1 25 | — | $33.7M | ||
| Q4 24 | $5.8M | $-37.7M | ||
| Q3 24 | $4.7M | $-18.5M | ||
| Q2 24 | $7.0M | $6.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $18.9M | ||
| Q3 25 | $-2.8M | $23.5M | ||
| Q2 25 | $1.1M | $-19.5M | ||
| Q1 25 | — | $32.8M | ||
| Q4 24 | $-1.3M | $-38.4M | ||
| Q3 24 | $-4.5M | $-19.2M | ||
| Q2 24 | $-1.6M | $5.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.2% | ||
| Q3 25 | -2.3% | 22.7% | ||
| Q2 25 | 0.9% | -18.8% | ||
| Q1 25 | — | 31.5% | ||
| Q4 24 | -1.1% | -33.6% | ||
| Q3 24 | -3.5% | -18.3% | ||
| Q2 24 | -1.4% | 5.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.6% | ||
| Q3 25 | 5.8% | 1.2% | ||
| Q2 25 | 2.4% | 1.7% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | 5.8% | 0.6% | ||
| Q3 24 | 7.2% | 0.6% | ||
| Q2 24 | 7.1% | 0.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 27.02× | ||
| Q3 25 | — | 8.94× | ||
| Q2 25 | — | -0.59× | ||
| Q1 25 | — | 10.06× | ||
| Q4 24 | — | -5.66× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
RMNI
Segment breakdown not available.
