Noble Roman's, Inc., an Indianapolis-based franchisor of Noble Roman's Pizza and Noble Roman's Craft Pizza & Pub, reported its first quarter 2025 financial results. The company achieved a net income before taxes of $171,885, compared to a net loss of $86,477 during the same period in 2024. Total revenue for the quarter increased by 2.6% to $3.8 million, up from $3.7 million in the first quarter of the previous year. This growth occurred during what is typically the slowest quarter of the year and despite unusually inclement weather in the first two months of 2025. The company also reported a net income of $130,633 for the quarter, compared to a net loss of $86,477 in the first quarter of 2024. Earnings per share for the period were reported at $0.01. Noble Roman's continues to benefit from a Deferred Tax Asset of approximately $3.5 million, which will allow the company to avoid paying income taxes for several years.