Company research
NOBLE ROMANS INC
CIK 709005Updated Nov 13, 2026
SecurityNROM · OTC · equity
NROM price & chart
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Seeking Alpha
Noble Roman's, Inc. (NROM) Q2 2026 Earnings Call Transcript ↗
Noble Roman's GAAP EPS of $0.04, revenue of $16.46M ↗
SEC disclosures
NOBLE ROMANS INC files 8-K: Material Event ↗
Recent filings
10-Q filing
10-K/A filing
Submission of Matters to a Vote of Security Holders
Items 5.07
144 filing
10-Q filing
Show 5 more recent filings
DEF 14A filing
10-Q filing
SCHEDULE 13G/A - filed by CORBEL CAPITAL PARTNERS SBIC, L.P. regarding NOBLE ROMANS INC
4 filing
Entry into a Material Definitive Agreement · Termination of a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 1.02, 2.03
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 16,084,056Source | 16,848,072Source | 15,594,969Source | 16,228,598Source | 17,348,989Source | 15,684,445Source | 16,288,490Source | 18,006,484Source | 15,894,484Source | 16,769,247Source | — | 18,343,198Source |
| Property, Plant and Equipment, NetUSD | 3,728,532Source | 4,098,492Source | 3,526,311Source | 3,775,260Source | 4,171,430Source | 3,597,736Source | 3,832,441Source | 4,242,433Source | 3,659,774Source | 3,908,520Source | 4,319,867Source | 4,713,208Source |
| GoodwillUSD | 278,466Source | 278,466Source | 278,466Source | 278,466Source | 278,466Source | 278,466Source | 278,466Source | 278,466Source | 278,466Source | 278,466Source | 278,466Source | 278,466Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | 551,479Source | — | — | 801,071Source | — | — | 1,165,078Source | — | — | 872,335Source | 785,522Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 723,065Source | — | 704,980Source | 662,624Source | — | 773,143Source | 529,648Source | — | 741,539Source | 586,554Source | — | 350,189Source |
| Inventory, NetUSD | 1,038,756Source | 966,285Source | 996,314Source | 1,003,365Source | 987,786Source | 1,000,187Source | 983,201Source | 999,555Source | 965,212Source | 986,975Source | 965,819Source | 997,868Source |
| Assets, CurrentUSD | 3,253,318Source | 2,970,435Source | 3,632,738Source | 3,040,493Source | 3,193,457Source | 3,397,148Source | 2,760,360Source | 3,673,372Source | 3,246,631Source | 2,986,384Source | 3,833,521Source | 3,032,303Source |
| Operating Lease, Right-of-Use AssetUSD | 3,546,069Source | 4,354,294Source | 2,892,458Source | 3,746,195Source | 4,549,671Source | 3,114,355Source | 4,010,511Source | 4,741,552Source | 3,332,195Source | 4,154,804Source | 4,930,014Source | 5,660,155Source |
| Other Assets, NoncurrentUSD | — | — | 592,718Source | — | — | 565,994Source | 318,455Source | — | 562,756Source | 303,922Source | — | — |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 12,698,211Source | 14,475,833Source | 11,781,717Source | 13,491,741Source | 15,181,742Source | 12,006,065Source | 13,932,505Source | 15,899,087Source | 12,462,536Source | 14,553,886Source | 16,288,942Source | — |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 24,896,957Source | 24,857,787Source | 24,981,056Source | 24,887,761Source | 24,846,109Source | 24,925,043Source | 24,877,769Source | 24,843,117Source | 24,911,141Source | 24,867,778Source | 24,840,126Source | 24,819,736Source |
| Retained Earnings (Accumulated Deficit)USD | -21,511,112Source | -22,485,548Source | -21,167,804Source | -22,150,904Source | -22,678,862Source | -21,246,663Source | -22,521,784Source | -22,735,720Source | -21,479,193Source | -22,652,417Source | -22,649,243Source | -22,953,074Source |
| Stockholders' Equity Attributable to ParentUSD | 3,385,845Source | 2,372,239Source | 3,813,252Source | 2,564,591Source | 2,167,247Source | 3,678,380Source | 2,355,985Source | 2,107,397Source | 3,431,948Source | 2,215,361Source | 2,190,883Source | 1,866,662Source |
| Liabilities and EquityUSD | 16,084,056Source | 16,848,072Source | 15,594,969Source | 16,228,598Source | 17,348,989Source | 15,684,445Source | 16,288,490Source | 18,006,484Source | 15,894,484Source | 16,769,247Source | 18,479,825Source | 18,343,198Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 8,230,443Source | 9,181,328Source | 2,725,948Source | 3,178,172Source | 9,649,088Source | 8,001,691Source | 3,089,654Source | 10,175,100Source | 8,198,440Source | 3,316,478Source | 3,624,025Source | 2,316,413Source |
| Operating Lease, Liability, CurrentUSD | 976,414Source | 852,428Source | 960,650Source | 976,414Source | 834,715Source | 969,806Source | 923,277Source | 817,386Source | 950,409Source | 870,140Source | 799,165Source | 799,164Source |
| Operating Lease, Liability, NoncurrentUSD | 2,771,316Source | 3,730,787Source | 2,088,405Source | 2,971,443Source | 3,951,744Source | 2,314,923Source | 3,302,141Source | 4,167,011Source | 2,564,162Source | 3,505,718Source | 4,378,927Source | 5,103,286Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | — | — | 232,530Source | 130,633Source | 1,173,224Source | — | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation and amortization | — | — | —Source | — | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | 9,196Source | 11,678Source | — | — | 13,902Source | — | 43,363Source | 27,652Source | 20,390Source | 28,168Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 31,604Source | -92,835Source | 395,683Source | -582,892Source | 345,373Source | 80,384Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | 34,975Source | -3,774Source | -21,763Source | 21,156Source | -32,049Source | -3,783Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | 73,432Source | 41,252Source | 417,473Source | — | 0Source | -142,435Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 322,499Source | 123,855Source | 1,244,895Source | 896,965Source | 1,568,551Source | 29,584Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -41,848Source | -19,445Source | -144,201Source | -88,301Source | 13,825Source | -507,575Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 41,848Source | 19,445Source | 144,201Source | — | 13,825Source | 507,575Source |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -275,000Source | -250,000Source | -1,277,251Source | -887,406Source | -1,495,563Source | 0Source |
| Repayments of Long-term DebtUSD | — | — | — | — | — | — | 275,000Source | 250,000Source | 1,277,251Source | 887,406Source | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 719,500Source | 551,479Source | 1,095,174Source | 635,629Source | 539,321Source | 564,637Source | 533,670Source | 793,593Source | 872,335Source | 785,522Source |
| Additional Financial Items | ||||||||||||
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | — | — | — | — | — | — | — | — | 520,533Source | 18,552Source |
| General and Administrative ExpenseUSD | — | — | 468,145Source | 566,275Source | 607,406Source | 474,440Source | 622,517Source | 432,248Source | 2,336,422Source | 2,642,150Source | 1,548,878Source | 2,167,678Source |
| GoodwillUSD | — | — | 278,466Source | 278,466Source | 278,466Source | 278,466Source | 278,466Source | 278,466Source | 278,466Source | 278,466Source | 278,466Source | 278,466Source |
| Income Tax Expense (Benefit)USD | — | — | 141,147Source | 0Source | 24,903Source | 119,537Source | 73,432Source | 41,252Source | 417,472Source | -157,358Source | 0Source | -142,435Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 639,792Source | 193,314Source | 190,620Source | 285,436Source | 232,530Source | 130,633Source | 1,173,224Source | -3,174Source | 1,460,284Source | -1,056,070Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 639,792Source | 193,314Source | 190,620Source | 285,436Source | 232,530Source | 171,926Source | 1,173,224Source | — | — | — |
| Operating ExpensesUSD | — | — | 2,757,941Source | 2,791,284Source | 2,700,001Source | 2,678,411Source | 2,627,160Source | 2,730,245Source | 10,857,056Source | 10,497,580Source | 8,837,403Source | 11,406,821Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | — | — | — | — | — | — | 16,190,963Source | — | — | — |
| Stock or Unit Option Plan ExpenseUSD | — | — | — | — | 11,013Source | 9,992Source | 13,902Source | 9,991Source | 43,363Source | — | — | — |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | — | —Source | —Source | — | — | — | — |
| Depreciation | — | — | — | — | — | — | —Source | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 4,143,653Source | 3,880,166Source | 4,124,500Source | 4,080,389Source | 3,904,046Source | 3,760,198Source | 16,461,459Source | 15,149,600Source | 14,373,574Source | 14,452,765Source |
| Operating Income (Loss)USD | — | — | 819,065Source | 416,623Source | 712,691Source | 826,555Source | 550,483Source | 501,639Source | 2,405,491Source | 1,475,038Source | 3,439,685Source | 427,716Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 780,939Source | 193,314Source | 215,523Source | 404,973Source | 305,962Source | 171,885Source | 1,590,696Source | -160,532Source | — | — |
| Income Tax Expense (Benefit)USD | — | — | 141,147Source | 0Source | 24,903Source | 119,537Source | 73,432Source | 41,252Source | 417,472Source | -157,358Source | 0Source | -142,435Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 639,792Source | 193,314Source | 190,620Source | 285,436Source | 232,530Source | 130,633Source | 1,173,224Source | -3,174Source | 1,460,284Source | -1,056,070Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.03Source | 0.01Source | 0.01Source | 0.01Source | 0.01Source | 0.01Source | 0.05Source | 0Source | 0.07Source | -0.05Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.03Source | 0.01Source | 0.01Source | 0.01Source | 0.01Source | 0.01Source | 0.04Source | 0Source | 0.06Source | -0.05Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | — | 22,215,512Source | 22,672,827Source | 22,215,512Source | 22,215,512Source | 22,215,512Source | 22,215,512Source | 22,215,512Source | 22,215,512Source | 22,215,512Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 25,966,081Source | 24,149,723Source | 23,439,003Source | 25,508,223Source | 32,079,346Source | 25,278,930Source | 32,079,346Source | 24,310,256Source | 23,599,853Source | 23,512,550Source |
| Additional Financial Items | ||||||||||||
| Costs and ExpensesUSD | — | — | 3,324,588Source | 3,463,543Source | 3,411,809Source | 3,253,834Source | 3,353,563Source | 3,258,559Source | 14,055,968Source | 13,674,562Source | — | — |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | — | 157,000Source | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 97,949Source | 96,068Source | 104,402Source | 100,983Source | 103,886Source | 96,066Source | 392,948Source | 499,648Source | 379,516Source | 450,550Source |
| General and Administrative ExpenseUSD | — | — | 468,145Source | 566,275Source | 607,406Source | 474,440Source | 622,517Source | 432,248Source | 2,336,422Source | 2,642,150Source | 1,548,878Source | 2,167,678Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | — | — | 1,460,284Source | -1,198,505Source |
| Interest ExpenseUSD | — | — | 405,534Source | 415,524Source | 497,168Source | 421,582Source | 244,521Source | 329,754Source | 1,336,773Source | 1,637,398Source | 1,744,488Source | 1,626,221Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 639,792Source | 193,314Source | 190,620Source | 285,436Source | 232,530Source | 171,926Source | 1,173,224Source | — | — | — |
| Operating ExpensesUSD | — | — | 2,757,941Source | 2,791,284Source | 2,700,001Source | 2,678,411Source | 2,627,160Source | 2,730,245Source | 10,857,056Source | 10,497,580Source | 8,837,403Source | 11,406,821Source |
| Other ExpensesUSD | — | — | — | — | — | — | — | — | — | 233,704Source | — | — |
| Other Operating IncomeUSD | — | — | — | — | — | — | — | — | 2,875,033Source | — | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | — | — | — | — | — | — | 16,190,963Source | — | — | — |
| Other General and Administrative Expense | — | — | — | — | — | — | — | — | — | — | — | — |
Filing attachments
nrom_ex991.htm · 8-K · 2025-10-20
EX-99.1 2 nrom_ex991.htm NEWS RELEASE nrom_ex991.htm EXHIBIT 99.1 NEWS BULLETIN RE: NOBLE ROMAN'S, INC. 6612 E. 75th Street, Suite 450 Indianapolis, IN 46250 FOR ADDITIONAL INFORMATION, CONTACT: For Media Information: Scott Mobley, President & CEO (smobley@nobleromans.com) For Investor Relations: Paul Mobley, Executive Chairman (pmobley@nobleromans.com) Mike Cole, Investor Relations: 949-444-1341 (mike.cole@armaadvisoryservices.com) Noble Roman’s Engages Stephano Slack LLC as its I…
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