NROM
Noble Roman's, Inc.0.2800
+0.0100+3.7%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
6.22MP/E (TTM)
14.00Basic EPS (TTM)
0.02Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Noble Roman's revenue climbed to $4.1M in Q3 ended September 30, 2025, up 6.7% y/y (derived), with operating income doubling to $819K on tighter expenses across Craft Pizza & Pub and franchising segments; YTD revenue hit $12.0M, up 4.7% y/y (derived), driving operating income to $2.2M and net income $1.1M ($0.05 basic EPS). Franchising revenue rose to $1.5M quarterly on 31 new non-traditional openings YTD, while Craft Pizza & Pub same-store sales grew 4.2%. Cash edged to $720K with $916K operating cash flow less $114K capex; Corbel loan carrying value $5.7M due June 2026 at 13.25%, pursuing refinancing. Diluted EPS reflects anti-dilution from warrants and convertibles. Activist interference poses a distraction.
8-K
New auditor engagement announced
Noble Roman's, Inc. engaged Stephano Slack LLC as its new independent auditor on October 14, 2025, to handle the 2025 consolidated financial statements and quarterly reviews. The PCAOB-registered firm, based near Philadelphia, brings cost-effective audit expertise to the franchisor of pizza brands. This switch aims to support financial reporting amid ongoing remediation of a material weakness in internal controls. Risks persist from economic pressures and franchise challenges.
8-K
Director swap, meeting adjourned
Noble Roman's replaced Class I Director Marcel Herbst, who resigned September 16, 2025 without dispute, with attorney Jeffrey D. Roberts, a founding partner at Roberts Means Roncevic Kapela LLC since 2011. Roberts joins on standard non-employee director pay. Annual meeting adjourned sans quorum—8.7M votes short of 11.1M needed. Smooth board handoff amid procedural snag.
10-Q
Q2 FY2025 results
Noble Roman's revenue climbed 4.6% y/y to $4.1M in Q2 FY2025 ended June 30, 2025, fueled by Craft Pizza & Pub sales up 4.6% y/y while franchising held steady; YTD revenue rose 3.6% y/y to $7.8M. Operating income surged 63.8% y/y to $914K in the quarter, with margins expanding to 22.4% from 14.3%, thanks to tight G&A controls slashing expenses 32.2% y/y to $386K. Net income hit $371K or $0.02 diluted EPS on 25.0M shares, up from $57K last year; YTD net income swung to $502K profit from a $30K loss, with EPS reconciling to diluted shares. Cash dipped to $636K after $556K FCF (derived), yet debt fell to $6.2M carrying value on the Corbel term loan (SOFR+9%, due June 2026). Non-GAAP metrics not disclosed in the 10-Q. Competition from larger pizza chains pressures market share.
10-Q
Q1 FY2025 results
Noble Roman's revenue climbed 2.6% year-over-year to $3.8M in Q1 FY2025 ended March 31, 2025, driven by modest gains in company-owned Craft Pizza & Pub locations and steady franchising royalties, while non-traditional operations surged 23.7% y/y amid hospital expansions. Operating income rose 16.1% y/y to $501.6K, bolstered by lower general and administrative expenses down 26.5% y/y to $424.4K, though Craft Pizza & Pub margins dipped to 6.4% from 8.2% due to value promotions and inflation. Net income flipped to $130.6K or $0.01 diluted EPS from a $86.5K loss, with no material gap between operating and net figures beyond reduced interest expense of $329.8K. Cash fell to $564.6K after $158.1K from operations minus $19.4K capex and $284.3K debt payments, supporting $6.5M Senior Note at SOFR+9% maturing June 2026 and $575K convertible notes; free cash flow not disclosed in the 10-Q. No M&A or impairments noted. Franchise non-renewals pose a balanced risk amid expansion plans.
BJRI
BJ's Restaurants, Inc.
40.27-0.09
BLMN
Bloomin' Brands, Inc.
6.81-0.18
DPZ
Domino's Pizza Inc
433.90-3.60
EAT
Brinker International, Inc.
145.81+1.21
FAT
FAT Brands Inc.
0.42-0.01
KITL
Kisses from Italy Inc.
0.00-0.00
NDLS
Noodles & Company
0.62-0.06
PZZA
Papa John's International, Inc.
40.91-0.65
RRGB
Red Robin Gourmet Burgers, Inc.
4.03-0.11
SHAK
Shake Shack, Inc.
81.68-1.97