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32 /100
COMPONENT-LIMITED
Score updated Oct 13, 2026

NDLS — Noodles & Company Dilution Risk Tracker

Track NDLS dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, Noodles & Company (NDLS) has a DilutionWatch DilutionScore of 32/100, rated MEDIUM dilution risk. This is a component-limited score because one or more material inputs are unavailable or not applicable. Noodles & Company has a market capitalization of $84.73M, 5.97M shares outstanding, 5 institutional holders tracked.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
40
💰Cash Runway—
📊 Float Risk
45
⚠️ Warrant Exposure
40
🔄 Convertible Debt
40

Dilution Forecast

☀️
Clear
No significant dilution signals
model est. 0%
No significant dilution signals detected for NDLS.
🔔 Track NDLS — Get forecast alerts →

Market Data

Market Cap$84.73M
Shares Outstanding5.97M
Float3.21M
Cash$1.30M
Debt$104.41M
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore32/100DilutionWatch score record
Shares Outstanding5.97MVerified float table or market cache
Public Float3.21MVerified float table or market cache
Market Cap$84.73MMarket data cache
Cash RunwayNot applicable / unavailableDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding WarrantsNone in current score inputsSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 5.

Recent SEC source mix: 4 4, XBRL 1.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↓ 89.4% shares (2026Q1 vs prior)
5 institutional holders · 1.70M shares
#1 Mill Road Capital Management LLC 870.7K shares
#2 BARCLAYS PLC 748.9K shares
#3 MORGAN STANLEY 44.9K shares
+ 2 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest131.1K
Days to Cover4.3
% of Float4.1%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2020-02-26
4 INSIDER TRANSACTION 2026-03-17
4 INSIDER TRANSACTION 2026-03-17
4 INSIDER TRANSACTION 2026-03-10
4 INSIDER TRANSACTION 2026-02-26
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual NDLS Dilution Snapshot

Noodles & Company (NDLS) has a DilutionScore of 32/100, rated Medium dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

NDLS's DilutionScore is currently 32/100 (Medium risk), with 1 score change tracked over 89 days. The score improved from 29/100 (Medium risk).

Period Score Risk Level Duration
Aug 22 – Oct 13, 202632/100MEDIUM53 days
Jul 16 – Aug 21, 202629/100MEDIUM36 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

NDLS shares outstanding have increased 0.7% from 5.85M (Mar 2026) to 5.89M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 30, 20265.89M3.21M▼ 0.02%
May 28, 20265.89M3.21M▼ 0.87%
May 25, 20265.89M3.24M▲ 0.05%
May 23, 20265.89M3.24M▼ 1.23%
May 08, 20265.89M3.28M▼ 0.46%
Apr 27, 20265.89M3.30M▲ 4.30%
Apr 18, 20265.89M3.16M▲ 1.59%
Mar 30, 20265.89M3.11M▲ 0.55%
Mar 28, 20265.89M3.09M▲ 0.68%
Mar 27, 20265.89M3.07M▲ 0.03%
Mar 26, 20265.85M3.07M▲ 0.72%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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Score Coverage Note