0.62
-0.18%
Close of 9 Nov 2026, in USD
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About Noble Roman's
From its filings with the US Securities and Exchange Commission
Noble Roman's is based in Indianapolis, Indiana and is incorporated in Indiana. Its shares trade on OTC under the ticker NROM. The SEC classifies its business as retail-eating places. In the fiscal year to 31 December 2025, it reported revenue of $16.5m and net income of $1.2m. At that date it held total assets of $15.9m and shareholders' equity of $3.4m.
The Company has been operating, franchising and licensing Noble Roman’s Pizza operations in a variety of stand-alone and non-traditional locations across the country since 1972. The Company is currently experiencing significant growth in the number of non-traditional franchised locations. See “Noble Roman’s Pizza for Non-Traditional Locations” below for additional information.
The Company’s first Craft Pizza & Pub location opened in 2017 as a Company-operated restaurant in a northern suburb of Indianapolis, Indiana. Since then, the Company opened eight more Company-operated locations between 2017 and 2021. While the Company may open additional locations in the future, at this time, it has no plans to open any more Company-operated locations. The Company-operated locations serve as the base for what it sees as a significant potential future growth opportunity, including franchising its full-service restaurant format to experienced, multi-unit restaurant operators with a track record of success.
As discussed below under “Impact of COVID-19 Pandemic” the COVID-19 pandemic materially affected the Company’s operations.
Quoted from its 10-K, filed 8 Jun 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Consumer Discretionary
- Industry
- Hotels, Restaurants & Leisure
- Listed since
- 12 Sept 2000
- Employees
- 38
- Website
- nobleromans.com ↗
- Head office
- ONE VIRGINIA AVE, INDIANAPOLIS, IN, 46204
- Incorporated in
- IN
- Classification
- Retail-Eating Places
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Paul MobleyExecutive Chairman of the Board, Chief Financial Officer, since 1974$343,417
- Mr. Alan MobleyPresident, Chief Executive Officer, Secretary, Director, since 1988$493,910
- Mr. Troy BransonExecutive Vice President - Franchising$243,868
- Mr. Jeffrey RobertsDirector
- Mr. Douglas Coape-ArnoldIndependent Director$19,500
- Mr. Mike ColeInvestor Relations
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Noble Roman's Inc possesses several strengths that contribute to its success in the market. The company has a strong brand reputation and recognition, built over years of providing quality products and exceptional customer service. Its wide range of menu offerings, including specialty pizzas, subs, and pasta, caters to diverse customer preferences, giving it a competitive edge. Noble Roman's also benefits from an extensive network of franchisees, enabling widespread market presence and revenue generation.
Weaknesses
- Despite its strengths, Noble Roman's Inc faces certain weaknesses that hinder its growth potential. The company heavily relies on franchisees for expansion, which limits its control over the overall quality and consistency of products across locations. This can lead to variations in customer experiences, potentially affecting the brand image negatively. Additionally, Noble Roman's faces the challenge of operating in a highly competitive market, with numerous pizza chains vying for customers' attention and loyalty.
Opportunities
- Noble Roman's Inc can capitalize on various opportunities in the market to drive growth and profitability. The increasing trend of online food delivery presents an opportunity for the company to enhance its digital presence, streamline ordering processes, and expand its customer base. Moreover, the growing consumer demand for healthier food options opens doors for Noble Roman's to innovate its menu and incorporate more nutritious alternatives. Exploring international markets and strategic partnerships with established foodservice providers could also unlock new avenues for expansion.
Threats
- Several threats pose challenges to Noble Roman's Inc, requiring proactive measures for risk mitigation. Intensifying competition from both small local pizzerias and large national chains puts pressure on the company's market share and profitability. Fluctuating commodity prices, such as cheese and wheat, can impact production costs and squeeze profit margins. Additionally, changes in consumer preferences and lifestyle trends may require continuous adaptation of Noble Roman's menu and overall business strategy to remain relevant and appealing to customers.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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