OFFICIAL FILING · MN · 2026
CODE NINJAS FDD (Franchise Disclosure Document) — 2026
The FDD is the 23-item legal disclosure every U.S. franchisor must hand you at least 14 days before you sign or pay anything (FTC Franchise Rule, 16 CFR 436). CODE NINJAS's most recent FDD tracked here was filed in 2026 as a multistate filing — and because registration-state filings are public records, you can read it free, without giving a broker your phone number.
THE SAME DOCUMENT SITES SELL OR GATE BEHIND LEAD FORMS. FILED 2026 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $45K |
| ITEM 6 | Ongoing royalty | 8.3% of gross sales |
| ITEM 7 | Total initial investment | $174K–$266K |
| ITEM 3 | Disclosed litigation matters | 0 |
| ITEM 19 | Earnings disclosure (FPR) | Yes — median unit volume $216K (Table 1 – Annual Gross Sales, FY2025. Subset n=224 franchised Centers (218 Learning Centers + 6 Studio Centers) that were open/operational as of the start of 2025; excludes company-owned Centers, 1 temporarily-closed center, and 13 centers that opened during 2025 (13 centers that closed in 2025 were each open ≥12 months). All-Overall: Average Gross Sales $235,927; Median $215,939; Max $730,612; Min $43,091; 112 (50%) at/above average. No combined top-quartile is stated; per location-type Top-25% averages: Learning Center $383,473 (n=55), Studio Center $286,085 (n=2). Table 2 also gives monthly active students (system avg 81, median 76). Costs not included.) |
| ITEM 20 | Outlets (fiscal 2025) | 238 franchised at year end · 13 exits (5.4% annualized) |
| ITEM 21 | Franchisor financial statements | clean (unqualified) audit opinion — Forvis Mazars, LLP |
Citation discipline: every figure above is extracted from the 2026 CODE NINJAS FDD as filed and links back to that document. Fields the filing did not state are omitted — nothing here is estimated, surveyed, or filled in from marketing material. FDDs are reissued annually; verify against the current issuance before relying on any number.
CODE NINJAS FDD questions, answered
Where can I download the CODE NINJAS FDD for free?
CODE NINJAS's 2026 Franchise Disclosure Document is a public record. It can be downloaded free from the source link on this page — no broker form, no email signup required.
What year is CODE NINJAS's most recent FDD on file?
The most recent CODE NINJAS FDD tracked here was filed in 2026. Franchisors must update their FDD annually, so confirm you are reading the current issuance before signing.
Does CODE NINJAS's FDD disclose earnings (Item 19)?
Yes — CODE NINJAS makes a financial performance representation in Item 19 of its 2026 FDD, reporting a median unit volume of $216K. Read the basis fine print: franchisors choose which units and metrics to include.
What does CODE NINJAS's FDD Item 20 show?
In fiscal 2025, CODE NINJAS ended with 238 franchised outlets; 13 of 239 open at the start of the year left the system — an annualized exit rate of 5.4% (terminations, non-renewals, and "ceased operations — other reasons").
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing CODE NINJAS's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →