NOBLE ROMANS INC
NROMOTCConsumer Discretionary · Retail-Eating Places · IN · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | |
|---|---|---|---|---|---|---|
| Revenue | $15.1M | $14.4M | $14.5M | $13.9M | $11.5M | $11.7M |
| Operating income | $1.5M | $3.4M | $427,716 | $1.7M | $2.3M | $2.6M |
| Net income | −$3,174 | $1.5M | −$1.3M | $509,465 | −$5.4M | −$378,065 |
| Total assets | $16.8M | $18.5M | $18.3M | $19.4M | $18.4M | $19.1M |
| Total liabilities | $14.6M | $16.3M | $17.6M | — | — | — |
| Equity | $2.2M | $2.2M | $710,209 | $2.9M | $2.4M | $7.8M |
| EPS (diluted) | $0.00 | $0.07 | $-0.06 | $0.02 | $-0.24 | $-0.02 |
| Shares out. | 22.2M | 22.2M | 22.2M | 22.2M | 22.2M | 21.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2024- Operating margin
- 9.7%
- Net margin
- −0.0%
- Return on equity
- −0.1%
- Return on assets
- −0.0%
- Return on capital (ROCE)
- 11.0%
- Liabilities / assets
- 86.8%
- Debt / equity
- 6.57×
- Book value / share
- $0.10
- Revenue growth (YoY)
- 5.4%
- Net income growth (YoY)
- −100.2%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2024- Altman Z″ (distress)
- -3.78distress
- Accruals / assets
- −5.4%clean
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 2 warning● 4 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-K/Amissed a reporting deadline ↗Apr 13, 2026
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2026
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2025
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2025
- NT 10-Qmissed a reporting deadline ↗May 15, 2025
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2025
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Corbel Capital Partners Sbic, L.P.Passive (13G)May 15, 2026
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Herbst MarcelDirector | Nov 24, 2024 | Sell | 60,000 | $0.34 |
| Herbst MarcelDirector | Feb 16, 2024 | J | 0 | $0.00 |
| Wildman WilliamDirector | Jun 18, 2020 | Buy | 3,000 | $0.34 |
| Stiller Robert P10% owner | Feb 2, 2022 | Sell | 19,987 | $0.34 |
| Stiller Robert P10% owner | Jan 31, 2022 | Sell | 13,749 | $0.35 |
| Stiller Robert P10% owner | Jan 27, 2022 | Sell | 18,846 | $0.36 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 9,870 | 1.0 | +100.0% |
| Mar 13, 2026 | 794 | 1.0 | +33.7% |
| Feb 27, 2026 | 594 | 1.0 | -80.1% |
| Feb 13, 2026 | 2,980 | 1.0 | -64.8% |
| Jan 30, 2026 | 8,461 | 1.0 | -36.6% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Changed auditorOct 20, 2025
- Director / officer change · Shareholder voteSep 22, 2025
- Changed auditorJun 24, 2025
- Entered a material agreementApr 15, 2025
- Entered a material agreementApr 7, 2025
- Entered a material agreementJan 31, 2025
- Changed auditorSep 3, 2024
- Shareholder voteAug 28, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SCHEDULE 13G/AMay 15, 2026
- NT 10-K/AApr 13, 2026
- NT 10-KMar 31, 2026
- SCHEDULE 13G/AFeb 9, 2026
- 10-QFORM 10-QDec 29, 2025
- SCHEDULE 13G/ANov 14, 2025
- NT 10-QNov 14, 2025
- 8-KFORM 8-KOct 20, 2025
- 8-KFORM 8-KSep 22, 2025
- DEFA14ADEFA 14ASep 5, 2025
- DEF 14AAug 29, 2025
- 10-QFORM 10-QAug 21, 2025
- NT 10-QFORM NT 10-QAug 15, 2025
- SCHEDULE 13G/AJul 25, 2025
- 10-QFORM 10-QJun 26, 2025
Event-driven situations (1)
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