NOBLE ROMANS INC · Restaurants

NROM

Elevated riskNext report: Not enough history

View price ↗

The short version

A profitable company with steady sales.

Going well

Profitable
Brings in more cash than it spends
High return on equity: 42%

Watch out for

Share count growing 13% a year (dilution)

Money moves

No insider buying or selling in the last 30 days

Facts from SEC filings, not a recommendation.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$4.1M+1.1% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $16.6M, up 8.0% from the 12 months before. Over 5 years, sales grew about 7.4% a year.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/6Weak

PassReturn on equity 15%+Earns a lot on the money owners have in the business.41.5%
MissDebt under half of equityNot relying on borrowed money.1.02x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.7.1%
MissProfitable every yearSteady profits, not one good year.3 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.1M
MissShare count not growingNot diluting owners. Falling means buybacks.+44.4% in 3 years

Revenue: $16.5M; +8.7% vs prior year
5-year growth: +7.4%/yr; revenue, per year
Total debt: $3.5M; 1.02x equity
Current ratio: 0.40x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 9, 2023

Revenue: $4.1M; +1.1% YoY
EPS: $0.01; vs $0.01
Op. margin: 17.3%; -3.0 pts
Free cash flow: $771K
Share count: -8.1%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 0.5
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+0.7%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

1.4x · $5.3M debt

Shares outstandingLatest reported

23M

Why elevated risk

Late annual report notice
Late quarterly report notice

Earnings reports

Last 1

Next reportNot enough history

Results filedAug 9, 2023

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Late annual report noticeMar 31 · View filing ↗Red flag Late quarterly report noticeNov 14, 2025 · View filing ↗Red flag

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Annual report (amended)Oct 16 · Form 10-K/A ↗Shareholder vote resultsSep 16 · Form 8-K ↗

SoldDouglas Harold Coape-arnoldDirector

5,556 shares at $0.68 · $4K

-2% of holdings
Now owns 320,000 shares
Not a pre-planned sale
Filed 7 days after trade

Aug 27Form 4 ↗

Planned insider saleSep 1 · Form 144 ↗Quarterly reportAug 12 · Form 10-Q ↗Proxy statementAug 4 · Form DEF 14A ↗Quarterly reportJun 29 · Form 10-Q ↗5%+ holder update (passive)Jun 18 · Form SCHEDULE 13G/A ↗Major agreementJun 12 · Form 8-K ↗

Option exercisePaul W MobleyExecutive Chairman and CFO, Director, 10% owner

450,000 shares at $0.10 · $45K

+16% of holdings
Now owns 3,252,702 shares
Exercise price $0.10
Filed NaN days after trade

Jun 5Form 4 ↗

Annual reportJun 8 · Form 10-K ↗5%+ holder update (passive)May 15 · Form SCHEDULE 13G/A ↗NT 10-K/AApr 13 · Form NT 10-K/A ↗Late annual report noticeMar 31 · Form NT 10-K ↗5%+ holder update (passive)Feb 9 · Form SCHEDULE 13G/A ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

Report a problem with this page