Quarterly ResultJun 29, 2026, 04:17 PM
Noble Roman's Q1 Net Income Up 78% to $232.5K; Revenue Up 3.8%
AI Summary
Noble Roman's Inc. reported a strong first quarter for 2026, with net income surging 78% to $232,530 and total revenue increasing 3.8% to $3.9 million. The company also successfully refinanced its Corbel loan with a new $6.9 million term loan and purchased $500,000 of outstanding warrants. Growth in franchising revenue and the opening of new non-traditional outlets, alongside a development agreement for 100 new franchise locations, underscore positive operational momentum.
Key Highlights
- Net income increased 78% to $232,530 for Q1 2026, up from $130,633 in Q1 2025.
- Total revenue grew 3.8% to $3,904,046 in Q1 2026, compared to $3,760,198 in Q1 2025.
- Operating income rose 9.7% to $550,483 in Q1 2026, from $501,639 in the prior year period.
- Net cash provided by operating activities significantly increased to $322,499 in Q1 2026, up from $123,855 in Q1 2025.
- Company secured a new five-year term loan of $6,900,427 to repay the Corbel loan and outstanding subordinated notes.
- Purchased and canceled all outstanding warrants owned by Corbel Capital Partners SBIC, L.P. for $500,000.
- Franchising revenue increased 5.1% to $1,519,025, with 9 new non-traditional outlets opened in Q1 2026.
- Entered a Development Agreement with Majors Management, LLC for 100 franchise locations over three years.
Price Impact
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