# NOBLE ROMAN’S, INC. (NROM) · Edgar & Edgarette company card

> Noble Roman’s (NROM) grew revenue 8.7% in FY2025 to $16 million, operating margin 14.6% against a 4.3% median for eating  places, equity 21.6% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 709005 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/NROM) · [JSON](https://www.pops4.com/boards/company/NROM.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $16M |
| Revenue growth, 1 year | 8.7% |
| Revenue growth per year | 4.3% |
| Operating margin | 14.6% (prior year 9.7%) |
| Net margin | 7.1% |
| Operating cash flow | $1M |
| Capital spending | $144,201 |
| Free cash flow | $1M |
| Cash | $533,670 |
| Long-term debt | $4M |
| Total assets | $16M |
| Total equity | $3M |
| Equity ÷ assets | 21.6% |
| Return on equity | 34.2% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -5.14 (distress zone)
- Piotroski F: 6 of 9 (solid)
- Health Harbor boat: Weathered boat · two warning signs · filed late annual report notice, late quarterly report notice in the last 12 months; revenue is hard to predict: its 80% range is ±36%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $16.5M (FY2025), total debt $3.5M. Experience: revenue up 8.7% on the year, up 4.3% a year over 4 years; operating margin 14.6%, up from 9.7%. Soundness: equity 21.6% of assets, return on equity 34.2%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $11.8M and $25.0M next year (method v4.1: its own 6-year record of growth weighed at 63% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $11.2M to $26.4M. A statistical range, not company guidance. Against peers (31 filers, $50M+ revenue, retail-eating  places): operating margin 14.6% against a 4.3% median; growth 8.7% against 4.7%.

Range logged 2026-09-28, receipt 487e32afce0d7cf1, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item NT 10-K Late annual report notice: 2, latest 2026-04-13 ([filing](https://www.sec.gov/Archives/edgar/data/709005/000165495426003443/0001654954-26-003443-index.htm))
- Item NT 10-Q Late quarterly report notice: 1, latest 2025-11-14 ([filing](https://www.sec.gov/Archives/edgar/data/709005/000165495425013077/0001654954-25-013077-index.htm))

## Recent filings

- 8-K · filed 2026-09-16 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/709005/000165495426008411/0001654954-26-008411-index.htm)
- 10-Q · filed 2026-08-12 · [filing](https://www.sec.gov/Archives/edgar/data/709005/000165495426007523/0001654954-26-007523-index.htm)
- DEF 14A · filed 2026-08-04 · [filing](https://www.sec.gov/Archives/edgar/data/709005/000165495426007236/0001654954-26-007236-index.htm)
- 10-Q · filed 2026-06-29 · [filing](https://www.sec.gov/Archives/edgar/data/709005/000165495426006300/0001654954-26-006300-index.htm)
- 8-K · filed 2026-06-12 · 1.01 Entry into a Material Definitive Agreement; 1.02 Termination of a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation · [filing](https://www.sec.gov/Archives/edgar/data/709005/000165495426005926/0001654954-26-005926-index.htm)
- 10-K · filed 2026-06-08 · [filing](https://www.sec.gov/Archives/edgar/data/709005/000165495426005747/0001654954-26-005747-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000709005.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=709005

## Cite

POPS4, Edgar & Edgarette: NOBLE ROMAN’S, INC. (NROM) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/NROM. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.