NOBLE ROMAN’S, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.5M | $15.1M | $14.4M | $14.5M | $13.9M | $11.5M | $11.7M | $12.4M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $2.3M | $2.7M | $1.5M | $2.2M | $1.8M | $1.7M | $1.7M | $1.7M |
| Operating Income | $2.4M | $1.5M | $3.4M | $427.7K | $1.7M | $2.3M | $2.6M | $2.7M |
| Operating Margin | 14.6% | 9.7% | 23.9% | 3.0% | 12.6% | 20.1% | 22.3% | 21.3% |
| Interest Expense | $1.3M | $1.6M | $1.7M | $1.9M | $1.4M | $1.9M | $774.6K | $655.2K |
| Pretax Income | $1.6M | $-160.5K | $1.5M | — | $382.0K | $-4.5M | $539.0K | — |
| Income Tax Expense | $417.5K | $-157.4K | $0 | $-142.4K | $-127.5K | $839.9K | $917.1K | $930.4K |
| Net Income | $1.2M | $-3.2K | $1.5M | $-1.3M | $509.5K | $-5.4M | $-378.1K | $-3.1M |
| Net Margin | 7.1% | 0.0% | 10.2% | -9.1% | 3.7% | -46.7% | -3.2% | -24.6% |
| EPS (Basic) | $0.05 | $0.00 | $0.07 | $-0.06 | $0.02 | $-0.24 | $-0.02 | $-0.14 |
| EPS (Diluted) | $0.04 | $0.00 | $0.07 | $-0.06 | $0.02 | $-0.24 | $-0.02 | $-0.14 |
| Shares Outstanding (Basic) | 22.2M | 22.2M | 22.2M | 22.2M | 22.2M | 22.2M | 22.1M | 21.2M |
| Shares Outstanding (Diluted) | 32.1M | 23.9M | 23.6M | 22.2M | 23.6M | 23.5M | 23.3M | 26.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |