NOBLE ROMANS INC (NROM) Form 10-K — Jun 5, 2026
Noble Roman's Inc. (NROM) reported a return to profitability for fiscal year 2025, posting net income of $1.17 million on total revenue of $16.46 million, an 8.7% increase year-over-year. The improvement was driven by an 12.1% surge in franchising revenue to $6.21 million, fueled by the opening of approximately 60 new non-traditional locations, including a major 100-unit development agreement with Majors Management LLC. Despite operational gains, the company faces severe liquidity constraints with a current ratio of 0.40 and $6.1 million in debt maturing on June 30, 2026.
Key figures
- Eps
- 0.05
- Revenue
- 16461459
- Net Income
- 1173224
- Total Debt
- 6545824
- Total Assets
- 15894484
- Cash Position
- 533670
- Current Ratio
- 0.4
- Deferred Tax Asset
- 3114727
- Warrant Liability
- 500000
- Senior Note Balance
- 5853180
- Shares Outstanding
- 22215512
- Franchising Revenue
- 6213917
- Senior Note Maturity
- 2026-06-30
- Company Owned Revenue
- 9977046
- Subordinated Notes Balance
- 575000
AI analysis
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