What is Kura Sushi USA's operating income?

Kura Sushi USA's total operating income in 2025 was -$4.76 million, based on the following breakdown: Total Gross Profit: $47.03 million Total Operating Expenses: $51.79 million

Kura Sushi USA (KRUS) Financials

$34.75 +0.23 (+0.67%)

Closing price 09/18/2026 04:00 PM Eastern

Extended Trading

$34.90 +0.15 (+0.42%)

As of 09/18/2026 07:30 PM Eastern

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Annual Income Statements for Kura Sushi USA

This table shows Kura Sushi USA's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	8/31/2018	8/31/2019	8/31/2020	8/31/2021	8/31/2022	8/31/2023	8/31/2024	8/31/2025
Net Income / (Loss) Attributable to Common Shareholders	1.74	1.46	-17	-10	-0.76	1.50	-8.80	-1.90
Consolidated Net Income / (Loss)	1.74	1.46	-17	-10	-0.76	1.50	-8.80	-1.90
Net Income / (Loss) Continuing Operations	1.74	1.46	-17	-10	-0.76	1.50	-8.80	-1.90
Total Pre-Tax Income	1.75	1.52	-16	-10	-0.69	1.74	-8.64	-1.73
Total Operating Income	1.86	1.66	-16	-9.99	-0.75	0.33	-12	-4.76
Total Gross Profit	15	19	5.43	10	27	36	41	47
Total Revenue	52	64	45	65	141	187	238	283
Operating Revenue	52	64	45	65	141	187	238	283
Total Cost of Revenue	37	46	40	55	114	151	197	236
Operating Cost of Revenue	37	46	40	44	96	127	163	195
Other Cost of Revenue	-	-	-	10	18	24	34	41
Total Operating Expenses	13	17	22	20	28	36	52	52
Selling, General & Admin Expense	11	15	19	16	22	28	39	38
Depreciation Expense	1.68	2.17	3.16	4.52	5.61	7.83	12	14
Impairment Charge	0.24	-	-	-	0.00	0.00	1.55	0.00
Total Other Income / (Expense), net	-0.12	-0.14	0.31	-0.20	0.06	1.40	2.87	3.03
Interest Expense	0.13	0.19	0.14	0.22	0.09	0.07	0.05	0.07
Interest & Investment Income	0.01	0.05	0.45	0.02	0.15	1.47	2.92	3.10
Income Tax Expense	0.01	0.07	1.17	0.11	0.07	0.23	0.17	0.18
Basic Earnings per Share	$0.35	$0.28	($2.08)	($1.21)	($0.08)	$0.15	($0.79)	($0.16)
Weighted Average Basic Shares Outstanding	5M	5.28M	8.34M	8.53M	9.72M	10.31M	11.20M	11.92M
Diluted Earnings per Share	$0.34	$0.26	($2.08)	($1.21)	($0.08)	$0.14	($0.79)	($0.16)
Weighted Average Diluted Shares Outstanding	5.05M	5.51M	8.34M	8.53M	9.72M	10.64M	11.20M	11.92M
Weighted Average Basic & Diluted Shares Outstanding	-	-	8.34M	9.70M	9.79M	11.15M	11.26M	12.11M

This table shows Kura Sushi USA's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025	5/31/2025	8/31/2025	11/30/2025	2/28/2026	5/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-2.05	-1.00	-0.56	-5.20	-0.96	-3.78	0.57	2.27	-3.06	-1.71	0.42
Consolidated Net Income / (Loss)	-2.05	-1.00	-0.56	-5.20	-0.96	-3.78	0.57	2.27	-3.06	-1.71	0.42
Net Income / (Loss) Continuing Operations	-2.05	-1.00	-0.56	-5.20	-0.96	-3.78	0.57	2.27	-3.06	-1.71	0.42
Total Pre-Tax Income	-2.01	-0.95	-0.50	-5.18	-0.92	-3.74	0.62	2.32	-3.02	-1.66	0.47
Total Operating Income	-2.84	-1.69	-1.17	-5.81	-1.47	-4.59	-0.16	1.46	-3.68	-2.23	-0.04
Total Gross Profit	8.35	9.28	11	12	10	9.79	12	15	9.98	13	14
Total Revenue	51	57	63	66	64	65	74	79	73	80	86
Operating Revenue	51	57	63	66	64	65	74	79	73	80	86
Total Cost of Revenue	43	48	52	54	54	55	62	65	63	67	71
Operating Cost of Revenue	36	40	43	44	45	46	51	53	52	55	59
Other Cost of Revenue	7.44	8.20	8.92	9.73	9.34	8.78	11	12	12	12	13
Total Operating Expenses	11	11	12	18	12	14	12	13	14	15	15
Selling, General & Admin Expense	8.61	8.17	8.86	13	8.73	11	8.74	9.29	9.55	11	10
Depreciation Expense	2.58	2.80	3.23	3.18	3.20	3.40	3.56	3.89	4.11	4.28	4.35
Total Other Income / (Expense), net	0.83	0.74	0.67	0.62	0.55	0.85	0.78	0.85	0.66	0.57	0.51
Interest Expense	0.01	0.01	0.02	0.01	0.01	0.01	0.03	0.01	0.02	0.02	0.02
Interest & Investment Income	0.84	0.75	0.69	0.64	0.57	0.86	0.81	0.87	0.67	0.58	0.53
Income Tax Expense	0.04	0.05	0.06	0.02	0.04	0.04	0.06	0.04	0.04	0.05	0.05
Basic Earnings per Share	($0.18)	($0.09)	($0.05)	($0.47)	($0.08)	($0.31)	$0.05	$0.18	($0.25)	($0.14)	$0.03
Weighted Average Basic Shares Outstanding	11.15M	11.18M	11.19M	11.20M	11.42M	12.07M	12.09M	11.92M	12.11M	12.12M	12.15M
Diluted Earnings per Share	($0.18)	($0.09)	($0.05)	($0.47)	($0.08)	($0.31)	$0.05	$0.18	($0.25)	($0.14)	$0.03
Weighted Average Diluted Shares Outstanding	11.15M	11.18M	11.19M	11.20M	11.42M	12.07M	12.31M	11.92M	12.11M	12.12M	12.36M
Weighted Average Basic & Diluted Shares Outstanding	11.16M	11.23M	11.24M	11.26M	12.07M	12.09M	12.09M	12.11M	12.11M	12.15M	12.15M

This table details how cash moves in and out of Kura Sushi USA's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	8/31/2018	8/31/2019	8/31/2020	8/31/2021	8/31/2022	8/31/2023	8/31/2024	8/31/2025
Net Change in Cash & Equivalents	2.83	32	-29	31	-4.65	34	-19	-3.49
Net Cash From Operating Activities	5.24	5.99	-13	-7.15	24	18	16	25
Net Cash From Continuing Operating Activities	5.24	5.99	-13	-7.15	24	18	16	25
Net Income / (Loss) Continuing Operations	1.74	1.46	-17	-10	-0.76	1.50	-8.80	-1.90
Consolidated Net Income / (Loss)	1.74	1.46	-17	-10	-0.76	1.50	-8.80	-1.90
Depreciation Expense	1.68	2.17	3.16	4.52	5.61	7.83	12	14
Amortization Expense	-	-	-	-	-	0.00	0.00	0.35
Non-Cash Adjustments To Reconcile Net Income	0.34	0.37	3.50	3.87	5.79	3.70	5.83	4.88
Changes in Operating Assets and Liabilities, net	1.48	2.00	-2.30	-5.24	13	5.03	6.80	7.34
Net Cash From Investing Activities	-6.59	-11	-15	-15	-28	-50	-36	-94
Net Cash From Continuing Investing Activities	-6.59	-11	-15	-15	-28	-50	-36	-94
Purchase of Property, Plant & Equipment	-7.09	-11	-14	-14	-27	-48	-48	-121
Acquisitions	-0.02	-0.53	-0.06	-0.16	-0.90	-1.74	-0.28	-2.19
Sale and/or Maturity of Investments	0.01	-	-	0.00	0.00	0.75	12	30
Other Investing Activities, net	0.00	0.00	-0.32	-0.44	-0.51	-0.55	-0.43	-0.51
Net Cash From Financing Activities	4.18	38	-1.00	53	-0.17	66	2.14	66
Net Cash From Continuing Financing Activities	4.18	38	-1.00	53	-0.17	66	2.14	66
Repayment of Debt	-0.82	-4.96	-7.02	-1.03	-0.98	-0.50	-0.08	-0.05
Repurchase of Common Equity	0.00	-4.79	0.00	0.00	0.00	0.00	0.00	0.00
Issuance of Debt	0.00	3.92	0.00	71	0.00	0.00	0.00	0.00
Issuance of Common Equity	5.00	43	0.00	0.00	0.00	0.00	0.00	0.00
Other Financing Activities, net	0.00	0.00	6.01	-17	0.81	66	2.21	66
Cash Income Taxes Paid	0.00	0.06	0.13	0.15	0.21	0.11	0.27	0.26

This table details how cash moves in and out of Kura Sushi USA's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025	5/31/2025	8/31/2025	11/30/2025	2/28/2026	5/31/2026
Net Change in Cash & Equivalents	-5.54	-7.39	2.64	-8.42	57	-23	-38	0.37	-12	-8.76	-2.23
Net Cash From Operating Activities	2.43	3.79	8.73	0.67	4.36	4.26	6.72	9.37	0.53	7.56	10
Net Cash From Continuing Operating Activities	2.43	3.79	8.73	0.67	4.36	4.26	6.72	9.37	0.53	7.56	10
Net Income / (Loss) Continuing Operations	-2.05	-1.00	-0.56	-5.20	-0.96	-3.78	0.57	2.27	-3.06	-1.71	0.42
Consolidated Net Income / (Loss)	-2.05	-1.00	-0.56	-5.20	-0.96	-3.78	0.57	2.27	-3.06	-1.71	0.42
Depreciation Expense	2.60	2.78	3.23	3.18	3.20	3.40	3.56	3.89	4.11	4.28	4.35
Amortization Expense	-	-	-	-	0.00	-	0.13	0.06	0.06	0.07	0.02
Non-Cash Adjustments To Reconcile Net Income	2.18	2.13	2.37	3.74	3.08	-0.18	1.30	1.23	1.15	1.23	6.62
Changes in Operating Assets and Liabilities, net	-0.30	-0.12	3.68	-1.04	-0.96	4.67	1.17	1.92	-1.73	3.71	-1.07
Net Cash From Investing Activities	-8.02	-13	-6.62	-9.20	-13	-27	-45	-9.54	-13	-16	-13
Net Cash From Continuing Investing Activities	-8.02	-13	-6.62	-9.20	-13	-27	-45	-9.54	-13	-16	-13
Purchase of Property, Plant & Equipment	-9.40	-13	-11	-10	-12	-37	-59	-14	-32	-31	-16
Acquisitions	-0.08	-0.04	-0.10	-0.06	-0.81	-0.08	-0.12	-1.18	-0.06	-0.92	-0.04
Sale and/or Maturity of Investments	4.50	1.50	4.50	1.50	0.00	10	14	5.80	20	15	2.90
Other Investing Activities, net	-0.05	-0.13	-0.14	-0.12	-0.14	-	-0.14	-0.24	-0.08	-0.03	-0.19
Net Cash From Financing Activities	0.06	1.44	0.53	0.12	65	0.13	0.03	0.54	0.00	0.07	0.37
Net Cash From Continuing Financing Activities	0.06	1.44	0.53	0.12	65	0.13	0.03	0.54	0.00	0.07	0.37
Repayment of Debt	-0.05	0.01	-0.02	-0.02	-0.02	-0.02	-0.01	-0.00	-0.02	-0.02	-0.03
Other Financing Activities, net	0.11	1.43	0.55	0.13	0.22	0.15	0.05	65	0.02	0.09	0.39
Cash Income Taxes Paid	-	-	0.17	-0.02	0.00	-	0.20	0.03	0.02	0.01	0.17

This table presents Kura Sushi USA's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	8/31/2019	8/31/2020	8/31/2021	8/31/2022	8/31/2023	8/31/2024	8/31/2025
Total Assets	76	118	178	201	305	329	431
Total Current Assets	42	15	57	42	89	61	75
Cash & Equivalents	38	9.26	40	36	70	51	47
Short-Term Investments	-	-	-	0.00	8.54	0.00	15
Accounts Receivable	1.17	0.01	2.35	2.64	5.15	4.74	6.54
Inventories, net	0.54	0.37	0.73	1.12	1.75	2.22	2.14
Prepaid Expenses	1.74	3.01	14	2.85	4.23	3.39	4.31
Plant, Property, & Equipment, net	32	46	54	76	106	139	171
Total Noncurrent Assets	2.99	58	66	83	109	129	184
Long-Term Investments	-	-	-	-	-	0.00	30
Other Noncurrent Operating Assets	1.87	58	66	83	109	129	155
Total Liabilities & Shareholders' Equity	76	118	178	201	305	329	431
Total Liabilities	14	73	87	108	140	166	200
Total Current Liabilities	8.29	14	20	25	29	34	43
Accounts Payable	3.68	4.92	4.92	5.56	7.25	8.98	12
Accrued Expenses	2.98	2.51	7.43	9.69	10	13	14
Other Taxes Payable	0.55	0.19	0.87	1.24	1.69	1.90	2.21
Other Current Liabilities	1.08	6.31	6.83	8.78	9.78	11	15
Total Noncurrent Liabilities	5.94	59	67	83	111	131	157
Other Noncurrent Operating Liabilities	3.75	59	66	83	111	131	157
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	62	46	91	93	165	163	231
Total Preferred & Common Equity	62	46	91	93	165	163	231
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	62	46	91	93	165	163	231
Common Stock	59	60	116	119	189	196	266
Retained Earnings	2.73	-15	-25	-26	-24	-33	-35
Accumulated Other Comprehensive Income / (Loss)	-	-	-	0.00	0.04	0.00	-0.02

This table presents Kura Sushi USA's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	2/28/2023	5/31/2023	11/30/2023	2/29/2024	5/31/2024	11/30/2024	2/28/2025	5/31/2025	11/30/2025	2/28/2026	5/31/2026
Total Assets	213	286	309	316	325	404	410	419	444	461	472
Total Current Assets	31	89	82	74	72	118	95	72	65	63	59
Cash & Equivalents	22	70	64	57	59	108	85	47	35	27	24
Short-Term Investments	-	8.74	7.05	6.08	1.25	-	0.00	13	15	21	20
Accounts Receivable	0.01	3.54	4.87	5.38	5.51	4.90	3.72	5.14	6.41	6.59	7.08
Inventories, net	1.44	1.39	1.77	1.87	2.13	2.11	2.35	2.29	2.45	2.56	2.56
Prepaid Expenses	3.45	5.12	4.20	4.12	3.99	3.57	3.45	4.09	5.20	5.57	4.94
Plant, Property, & Equipment, net	88	97	114	124	131	146	154	165	182	193	204
Total Noncurrent Assets	94	100	113	117	122	139	162	182	197	205	209
Long-Term Investments	-	-	-	-	-	-	15	33	28	22	22
Other Noncurrent Operating Assets	94	100	113	117	122	139	146	150	169	183	187
Total Liabilities & Shareholders' Equity	213	286	309	316	325	404	410	419	444	461	472
Total Liabilities	120	127	146	150	158	176	185	192	214	232	241
Total Current Liabilities	25	25	31	31	34	34	35	39	40	43	47
Accounts Payable	6.81	5.52	8.87	7.37	8.06	8.96	7.19	9.30	9.57	11	12
Accrued Expenses	8.16	9.02	9.60	11	12	11	13	13	13	14	16
Other Taxes Payable	1.34	1.45	1.77	1.63	1.77	1.84	1.64	2.10	2.09	1.97	2.49
Other Current Liabilities	9.16	9.13	11	11	12	12	13	14	16	16	16
Total Noncurrent Liabilities	95	101	114	120	125	142	150	154	174	189	194
Other Noncurrent Operating Liabilities	95	101	114	120	125	142	150	154	174	189	194
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	92	160	164	165	166	228	225	227	229	229	231
Total Preferred & Common Equity	92	160	164	165	166	228	225	227	229	229	231
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	92	160	164	165	166	228	225	227	229	229	231
Common Stock	121	187	190	192	194	262	263	264	267	268	270
Retained Earnings	-29	-27	-26	-27	-28	-34	-38	-37	-38	-40	-39
Accumulated Other Comprehensive Income / (Loss)	-	-0.01	0.05	0.08	0.00	0.00	0.00	-0.01	0.02	0.02	-0.04

This table displays calculated financial ratios and metrics derived from Kura Sushi USA's official financial filings.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	8/31/2018	8/31/2019	8/31/2020	8/31/2021	8/31/2022	8/31/2023	8/31/2024	8/31/2025
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	24.16%	-29.69%	43.67%	117.42%	32.84%	26.91%	18.88%
EBITDA Growth	0.00%	8.14%	-448.61%	59.01%	188.88%	68.02%	-96.55%	3,314.89%
EBIT Growth	0.00%	-10.84%	-1,093.26%	39.45%	92.45%	144.03%	-3,565.36%	58.62%
NOPAT Growth	0.00%	-14.58%	-827.75%	39.45%	92.45%	154.46%	-2,902.05%	58.62%
Net Income Growth	0.00%	-16.42%	-1,292.17%	40.69%	92.58%	296.60%	-686.15%	78.37%
EPS Growth	0.00%	-23.53%	-900.00%	41.83%	93.39%	275.00%	-664.29%	79.75%
Operating Cash Flow Growth	0.00%	14.30%	-316.99%	45.05%	431.57%	-23.76%	-13.57%	58.28%
Free Cash Flow Firm Growth	0.00%	0.00%	-5.83%	9.92%	66.93%	-301.88%	-16.21%	7.10%
Invested Capital Growth	0.00%	0.00%	51.03%	39.79%	12.92%	50.15%	29.11%	24.66%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	52.70%	11.08%	7.41%	4.89%	4.99%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-102.18%	166.97%	14.42%	-96.19%	640.77%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-43.46%	93.98%	1,744.44%	-231.46%	60.42%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-43.46%	93.98%	1,910.59%	-231.46%	60.42%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-42.85%	93.94%	206.53%	-1,198.53%	79.70%
EPS Q/Q Growth	0.00%	0.00%	0.00%	37.63%	77.14%	250.00%	-2,533.33%	80.25%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-59.75%	40.48%	21.20%	31.30%	-39.82%	54.38%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	76.15%	-7.68%	-20.04%	15.76%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	54.63%	6.58%	7.28%	5.47%	3.81%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	29.27%	29.05%	12.02%	15.77%	19.24%	19.31%	17.19%	16.63%
EBITDA Margin	6.84%	5.96%	-29.53%	-8.42%	3.44%	4.36%	0.12%	3.41%
Operating Margin	3.60%	2.59%	-36.53%	-15.39%	-0.53%	0.18%	-4.84%	-1.68%
EBIT Margin	3.60%	2.59%	-36.53%	-15.39%	-0.53%	0.18%	-4.84%	-1.68%
Profit (Net Income) Margin	3.37%	2.27%	-38.43%	-15.87%	-0.54%	0.80%	-3.70%	-0.67%
Tax Burden Percent	99.71%	95.54%	107.25%	101.04%	110.72%	86.57%	101.93%	110.12%
Interest Burden Percent	93.77%	91.75%	98.10%	102.00%	91.51%	522.59%	75.07%	36.32%
Effective Tax Rate	0.29%	4.46%	0.00%	0.00%	0.00%	13.43%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	13.15%	-38.12%	-16.00%	-0.97%	0.40%	-8.14%	-2.66%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	13.84%	-13.56%	-2.56%	-0.35%	-1.73%	-6.98%	-4.66%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-8.47%	5.94%	0.92%	0.14%	0.77%	2.76%	1.69%
Return on Equity (ROE)	0.00%	4.68%	-32.18%	-15.08%	-0.83%	1.16%	-5.38%	-0.97%
Cash Return on Invested Capital (CROIC)	0.00%	-186.85%	-78.78%	-49.19%	-13.11%	-39.70%	-33.55%	-24.62%
Operating Return on Assets (OROA)	0.00%	2.17%	-16.94%	-6.75%	-0.40%	0.13%	-3.63%	-1.25%
Return on Assets (ROA)	0.00%	1.91%	-17.82%	-6.96%	-0.40%	0.59%	-2.78%	-0.50%
Return on Common Equity (ROCE)	0.00%	4.68%	-32.18%	-15.08%	-0.83%	1.16%	-5.38%	-0.97%
Return on Equity Simple (ROE_SIMPLE)	0.00%	2.34%	-37.97%	-11.33%	-0.82%	0.91%	-5.42%	0.00%
Net Operating Profit after Tax (NOPAT)	1.86	1.59	-12	-6.99	-0.53	0.29	-8.05	-3.33
NOPAT Margin	3.59%	2.47%	-25.57%	-10.78%	-0.37%	0.15%	-3.39%	-1.18%
Net Nonoperating Expense Percent (NNEP)	0.00%	-0.69%	-24.56%	-13.44%	-0.62%	2.13%	-1.16%	2.00%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-1.44%
Cost of Revenue to Revenue	70.73%	70.95%	87.98%	84.23%	80.76%	80.69%	82.81%	83.37%
SG&A Expenses to Revenue	21.97%	23.09%	41.55%	24.20%	15.80%	14.96%	16.42%	13.35%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.66%	26.46%	48.55%	31.16%	19.78%	19.14%	22.03%	18.32%
Earnings before Interest and Taxes (EBIT)	1.86	1.66	-16	-9.99	-0.75	0.33	-12	-4.76
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3.54	3.83	-13	-5.47	4.86	8.16	0.28	9.63
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.17	2.23	4.71	7.81	5.89	4.57	4.44
Price to Tangible Book Value (P/TBV)	0.00	1.17	2.23	4.71	7.81	5.89	4.57	4.44
Price to Revenue (P/Rev)	0.78	1.13	2.26	6.60	5.16	5.18	3.12	3.63
Price to Earnings (P/E)	23.31	49.93	0.00	0.00	0.00	646.08	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.29%	2.00%	0.00%	0.00%	0.00%	0.15%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.44	2.54	7.62	12.03	10.33	6.20	6.71
Enterprise Value to Revenue (EV/Rev)	0.00	0.54	2.05	5.98	4.91	4.76	2.91	3.30
Enterprise Value to EBITDA (EV/EBITDA)	0.00	9.06	0.00	0.00	142.51	109.28	2,450.60	96.95
Enterprise Value to EBIT (EV/EBIT)	0.00	20.87	0.00	0.00	0.00	2,687.26	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	21.84	0.00	0.00	0.00	3,104.13	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	5.78	0.00	0.00	29.22	49.39	44.27	37.78
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-0.61	-0.44	-0.36	-0.41	-0.44	-0.40	-0.36
Leverage Ratio	0.00	1.23	1.81	2.17	2.06	1.96	1.94	1.93
Compound Leverage Factor	0.00	1.13	1.77	2.21	1.88	10.25	1.45	0.70
Debt to Total Capital	0.00%	0.00%	0.00%	0.60%	0.03%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.60%	0.03%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	100.00%	100.00%	99.40%	99.97%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	-0.10	0.01	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	7.30	-7.36	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	-0.10	0.01	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	-0.08	-0.06	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	5.70	67.74	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	-0.08	-0.06	0.00	0.00	0.00
Altman Z-Score	0.00	4.55	0.60	3.20	4.66	4.90	3.25	3.68
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.00	5.01	1.06	2.87	1.68	3.07	1.78	1.76
Quick Ratio	0.00	4.73	0.67	2.13	1.52	2.86	1.62	1.61
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-23	-24	-21	-7.11	-29	-33	-31
Operating Cash Flow to CapEx	79.60%	55.87%	-90.31%	-50.77%	88.52%	46.24%	35.28%	20.45%
Free Cash Flow to Firm to Interest Expense	0.00	-119.95	-175.48	-97.72	-81.72	-414.10	-706.46	-440.67
Operating Cash Flow to Interest Expense	40.96	31.88	-95.62	-32.48	272.34	261.80	332.17	353.01
Operating Cash Flow Less CapEx to Interest Expense	-10.50	-25.18	-201.50	-96.46	-35.31	-304.41	-609.34	-1,373.04
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.84	0.46	0.44	0.74	0.74	0.75	0.74
Accounts Receivable Turnover	0.00	54.72	76.17	54.99	56.55	48.10	48.10	50.16
Inventory Turnover	0.00	84.57	87.72	99.38	122.98	105.50	99.33	108.13
Fixed Asset Turnover	0.00	2.01	1.17	1.31	2.18	2.06	1.94	1.83
Accounts Payable Turnover	0.00	12.37	9.24	11.11	21.75	23.62	24.28	22.99
Days Sales Outstanding (DSO)	0.00	6.67	4.79	6.64	6.45	7.59	7.59	7.28
Days Inventory Outstanding (DIO)	0.00	4.32	4.16	3.67	2.97	3.46	3.67	3.38
Days Payable Outstanding (DPO)	0.00	29.50	39.51	32.85	16.78	15.46	15.03	15.88
Cash Conversion Cycle (CCC)	0.00	-18.51	-30.56	-22.54	-7.36	-4.41	-3.77	-5.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	24	36	51	58	86	112	139
Invested Capital Turnover	0.00	5.32	1.49	1.48	2.60	2.60	2.40	2.26
Increase / (Decrease) in Invested Capital	0.00	24	12	15	6.58	29	25	28
Enterprise Value (EV)	0.00	35	93	388	692	892	691	934
Market Capitalization	41	73	102	428	728	970	742	1,026
Book Value per Share	$0.00	$11.77	$5.48	$10.78	$9.58	$14.82	$14.45	$19.11
Tangible Book Value per Share	$0.00	$11.77	$5.48	$10.78	$9.58	$14.82	$14.45	$19.11
Total Capital	0.00	62	46	91	93	165	163	231
Total Debt	0.00	0.00	0.00	0.55	0.03	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.55	0.03	0.00	0.00	0.00
Net Debt	0.00	-38	-9.26	-40	-36	-78	-51	-92
Capital Expenditures (CapEx)	6.59	11	14	14	27	39	44	121
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-4.83	-8.41	-3.01	-19	-18	-24	-30
Debt-free Net Working Capital (DFNWC)	0.00	33	0.85	37	17	60	27	33
Net Working Capital (NWC)	0.00	33	0.85	37	17	60	27	33
Net Nonoperating Expense (NNE)	0.12	0.13	5.81	3.30	0.24	-1.21	0.75	-1.43
Net Nonoperating Obligations (NNO)	0.00	-38	-9.26	-40	-36	-78	-51	-92
Total Depreciation and Amortization (D&A)	1.68	2.17	3.16	4.52	5.61	7.83	12	14
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-7.52%	-18.61%	-4.64%	-13.22%	-9.61%	-10.15%	-10.54%
Debt-free Net Working Capital to Revenue	0.00%	51.69%	1.89%	57.67%	12.14%	32.14%	11.28%	11.55%
Net Working Capital to Revenue	0.00%	51.69%	1.89%	57.67%	12.14%	32.14%	11.28%	11.55%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($2.08)	($1.21)	($0.08)	$0.15	($0.79)	($0.16)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	8.34M	8.53M	9.72M	10.31M	11.20M	11.92M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($2.08)	($1.21)	($0.08)	$0.14	($0.79)	($0.16)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	8.34M	8.53M	9.72M	10.64M	11.20M	11.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	8.34M	9.70M	9.79M	11.15M	11.26M	12.11M
Normalized Net Operating Profit after Tax (NOPAT)	2.09	1.59	-12	-6.99	-0.53	0.29	-6.97	-3.33
Normalized NOPAT Margin	4.04%	2.47%	-25.57%	-10.78%	-0.37%	0.15%	-2.93%	-1.18%
Pre Tax Income Margin	3.38%	2.37%	-35.83%	-15.70%	-0.49%	0.93%	-3.63%	-0.61%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	14.55	8.84	-121.31	-45.40	-8.67	4.81	-244.79	-68.01
NOPAT to Interest Expense	14.51	8.44	-84.92	-31.78	-6.07	4.17	-171.35	-47.61
EBIT Less CapEx to Interest Expense	-36.91	-48.22	-227.19	-109.39	-316.32	-561.39	-1,186.30	-1,794.07
NOPAT Less CapEx to Interest Expense	-36.95	-48.61	-190.80	-95.77	-313.72	-562.04	-1,112.86	-1,773.67
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	329.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Kura Sushi USA's official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025	5/31/2025	8/31/2025	11/30/2025	2/28/2026	5/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	12,111,477.00	12,147,882.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	12,111,477.00	12,147,882.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-0.14	0.03
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	30.92%	30.37%	28.12%	20.18%	25.22%	13.27%	17.25%	20.35%	13.96%	23.31%	16.17%
EBITDA Growth	51.31%	36.89%	-38.90%	-158.61%	816.18%	-209.35%	71.00%	305.93%	-71.55%	303.66%	22.66%
EBIT Growth	-31.77%	-61.11%	-189.37%	-360.43%	48.12%	-171.54%	86.14%	125.22%	-149.66%	51.45%	75.93%
NOPAT Growth	-31.77%	-61.11%	-164.09%	-292.71%	48.12%	-171.54%	81.96%	135.36%	-149.66%	51.45%	76.32%
Net Income Growth	1.96%	1.67%	-133.21%	-277.81%	53.05%	-278.86%	201.25%	143.70%	-218.42%	54.72%	-25.13%
EPS Growth	14.29%	10.00%	-131.25%	-262.07%	55.56%	-244.44%	200.00%	138.30%	-212.50%	54.84%	-40.00%
Operating Cash Flow Growth	358.98%	230.14%	61.99%	-93.92%	79.65%	12.43%	-23.04%	1,301.05%	-87.87%	77.45%	53.94%
Free Cash Flow Firm Growth	-248.92%	-80.95%	-3.08%	-9.20%	69.99%	23.85%	-8.81%	10.74%	-17.46%	-40.54%	-8.77%
Invested Capital Growth	0.00%	46.18%	31.33%	29.11%	29.54%	21.80%	26.66%	24.66%	25.65%	27.52%	22.99%
Revenue Q/Q Growth	-6.29%	11.30%	10.11%	4.64%	-2.36%	0.68%	13.98%	7.41%	-7.54%	8.93%	7.38%
EBITDA Q/Q Growth	-105.37%	552.70%	89.00%	-227.55%	165.63%	-169.12%	395.56%	53.60%	-90.93%	330.55%	104.59%
EBIT Q/Q Growth	-227.46%	40.51%	30.83%	-396.58%	74.61%	-211.33%	96.47%	1,003.70%	-351.37%	39.46%	98.25%
NOPAT Q/Q Growth	-194.31%	40.51%	30.83%	-396.58%	74.61%	-211.33%	95.40%	1,073.26%	-279.29%	39.46%	97.76%
Net Income Q/Q Growth	-169.98%	51.25%	44.09%	-832.08%	81.52%	-293.44%	114.94%	302.30%	-234.62%	44.05%	124.71%
EPS Q/Q Growth	-162.07%	50.00%	44.44%	-840.00%	82.98%	-287.50%	116.13%	260.00%	-238.89%	44.00%	121.43%
Operating Cash Flow Q/Q Growth	-77.93%	56.10%	130.21%	-92.33%	552.02%	-2.32%	57.59%	39.58%	-94.36%	1,329.30%	36.71%
Free Cash Flow Firm Q/Q Growth	-253.42%	64.52%	22.34%	-12.15%	2.87%	9.98%	-10.96%	8.00%	-27.81%	-7.71%	14.12%
Invested Capital Q/Q Growth	7.12%	10.68%	3.25%	5.47%	7.48%	4.06%	7.37%	3.81%	8.33%	5.61%	3.55%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.22%	16.20%	17.31%	18.69%	16.23%	15.09%	16.41%	18.43%	13.59%	16.27%	16.87%
EBITDA Margin	-0.47%	1.90%	3.27%	-3.98%	2.68%	-1.84%	4.77%	6.82%	0.67%	2.64%	5.03%
Operating Margin	-5.52%	-2.95%	-1.85%	-8.79%	-2.29%	-7.07%	-0.22%	1.84%	-5.01%	-2.78%	-0.05%
EBIT Margin	-5.52%	-2.95%	-1.85%	-8.79%	-2.29%	-7.07%	-0.22%	1.84%	-5.01%	-2.78%	-0.05%
Profit (Net Income) Margin	-3.98%	-1.74%	-0.88%	-7.88%	-1.49%	-5.83%	0.76%	2.86%	-4.17%	-2.14%	0.49%
Tax Burden Percent	101.89%	105.27%	112.05%	100.37%	104.23%	101.02%	91.13%	98.14%	101.19%	103.07%	89.62%
Interest Burden Percent	70.71%	56.09%	42.60%	89.27%	62.55%	81.56%	-382.72%	158.20%	82.17%	74.55%	-1,210.26%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.87%	1.86%	0.00%	0.00%	10.38%
Return on Invested Capital (ROIC)	-16.66%	-5.10%	-3.16%	-14.79%	-3.78%	-11.26%	-0.45%	4.08%	-7.56%	-4.21%	-0.09%
ROIC Less NNEP Spread (ROIC-NNEP)	-16.50%	-5.53%	-3.53%	-13.03%	-3.86%	-10.56%	-1.38%	2.91%	-7.04%	-4.03%	-0.66%
Return on Net Nonoperating Assets (RNNOA)	7.17%	1.83%	1.51%	5.15%	1.76%	4.41%	0.54%	-1.06%	2.87%	1.51%	0.23%
Return on Equity (ROE)	-9.49%	-3.27%	-1.64%	-9.65%	-2.02%	-6.85%	0.09%	3.02%	-4.69%	-2.70%	0.14%
Cash Return on Invested Capital (CROIC)	-200.65%	-38.49%	-29.69%	-33.55%	-32.42%	-27.69%	-30.55%	-24.62%	-26.34%	-26.46%	-22.72%
Operating Return on Assets (OROA)	-3.56%	-2.38%	-1.38%	-6.61%	-1.61%	-5.04%	-0.16%	1.37%	-3.45%	-1.96%	-0.03%
Return on Assets (ROA)	-2.57%	-1.40%	-0.66%	-5.92%	-1.05%	-4.15%	0.55%	2.13%	-2.87%	-1.51%	0.35%
Return on Common Equity (ROCE)	-9.49%	-3.27%	-1.64%	-9.65%	-2.02%	-6.85%	0.09%	3.02%	-4.69%	-2.70%	0.14%
Return on Equity Simple (ROE_SIMPLE)	0.94%	0.94%	-0.41%	0.00%	-3.39%	-4.67%	-4.13%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-1.99	-1.18	-0.82	-4.06	-1.03	-3.21	-0.15	1.44	-2.58	-1.56	-0.03
NOPAT Margin	-3.86%	-2.06%	-1.30%	-6.16%	-1.60%	-4.95%	-0.20%	1.81%	-3.51%	-1.95%	-0.04%
Net Nonoperating Expense Percent (NNEP)	-0.16%	0.43%	0.37%	-1.76%	0.08%	-0.70%	0.93%	1.17%	-0.52%	-0.18%	0.58%
Return On Investment Capital (ROIC_SIMPLE)	-1.21%	-	-	-	-0.45%	-1.43%	-0.07%	0.62%	-1.12%	-0.68%	-0.02%
Cost of Revenue to Revenue	83.78%	83.80%	82.69%	81.31%	83.77%	84.91%	83.59%	81.57%	86.41%	83.73%	83.13%
SG&A Expenses to Revenue	16.72%	14.26%	14.04%	20.32%	13.55%	16.93%	11.82%	11.69%	13.00%	13.71%	11.86%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.74%	19.15%	19.16%	27.49%	18.51%	22.16%	16.63%	16.59%	18.60%	19.05%	16.92%
Earnings before Interest and Taxes (EBIT)	-2.84	-1.69	-1.17	-5.81	-1.47	-4.59	-0.16	1.46	-3.68	-2.23	-0.04
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.24	1.09	2.06	-2.63	1.73	-1.19	3.53	5.42	0.49	2.11	4.33
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.25	6.42	6.74	4.57	5.29	3.33	3.52	4.44	2.60	3.73	2.96
Price to Tangible Book Value (P/TBV)	4.25	6.42	6.74	4.57	5.29	3.33	3.52	4.44	2.60	3.73	2.96
Price to Revenue (P/Rev)	3.49	4.98	4.95	3.12	4.80	2.90	2.96	3.63	2.04	2.78	2.14
Price to Earnings (P/E)	451.43	680.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.22%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	6.76	9.74	10.03	6.20	9.14	5.21	5.26	6.71	3.43	4.92	3.74
Enterprise Value to Revenue (EV/Rev)	3.13	4.69	4.68	2.91	4.37	2.52	2.62	3.30	1.77	2.55	1.93
Enterprise Value to EBITDA (EV/EBITDA)	74.29	114.55	143.45	2,450.60	487.25	0.00	542.56	96.95	61.52	67.84	49.94
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	31.33	44.15	40.91	44.27	62.45	36.09	44.06	37.78	24.74	32.40	22.18
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.43	-0.33	-0.43	-0.40	-0.46	-0.42	-0.39	-0.36	-0.41	-0.37	-0.35
Leverage Ratio	1.89	2.05	1.87	1.94	1.82	1.86	1.89	1.93	1.85	1.92	1.95
Compound Leverage Factor	1.34	1.15	0.80	1.73	1.14	1.52	-7.24	3.05	1.52	1.43	-23.55
Debt to Total Capital	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.99%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-8.46	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	-0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	235.77	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	-0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	3.57	4.94	4.96	3.31	4.84	3.07	3.10	3.72	2.24	2.79	2.29
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.64	2.43	2.15	1.78	3.47	2.67	1.87	1.76	1.61	1.46	1.26
Quick Ratio	2.45	2.23	1.96	1.62	3.30	2.51	1.70	1.61	1.42	1.27	1.10
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-95	-34	-26	-29	-28	-26	-28	-26	-33	-36	-31
Operating Cash Flow to CapEx	25.84%	28.18%	78.38%	6.51%	37.75%	11.57%	11.47%	67.29%	1.64%	24.60%	66.22%
Free Cash Flow to Firm to Interest Expense	-11,818.09	-2,795.33	-1,736.62	-2,434.46	-2,182.75	-1,964.87	-944.79	-1,862.66	-1,851.67	-2,393.24	-1,813.41
Operating Cash Flow to Interest Expense	303.50	315.83	581.67	55.75	335.54	327.77	223.83	669.50	29.39	504.07	608.06
Operating Cash Flow Less CapEx to Interest Expense	-870.88	-805.00	-160.47	-800.42	-553.31	-2,504.15	-1,727.00	-325.43	-1,760.89	-1,545.20	-310.18
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.65	0.81	0.74	0.75	0.70	0.71	0.72	0.74	0.69	0.70	0.72
Accounts Receivable Turnover	41.02	79.07	50.14	48.10	51.36	56.82	50.60	50.16	51.60	59.53	52.21
Inventory Turnover	91.01	104.64	105.99	99.33	107.19	101.67	101.51	108.13	107.55	104.66	109.91
Fixed Asset Turnover	1.75	2.01	2.00	1.94	1.92	1.86	1.82	1.83	1.78	1.77	1.73
Accounts Payable Turnover	18.17	24.43	27.46	24.28	23.31	29.52	25.87	22.99	26.46	28.54	24.91
Days Sales Outstanding (DSO)	8.90	4.62	7.28	7.59	7.11	6.42	7.21	7.28	7.07	6.13	6.99
Days Inventory Outstanding (DIO)	4.01	3.49	3.44	3.67	3.41	3.59	3.60	3.38	3.39	3.49	3.32
Days Payable Outstanding (DPO)	20.09	14.94	13.29	15.03	15.66	12.36	14.11	15.88	13.79	12.79	14.65
Cash Conversion Cycle (CCC)	-7.18	-6.84	-2.57	-3.77	-5.14	-2.35	-3.30	-5.23	-3.33	-3.17	-4.34
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	93	102	106	112	120	125	134	139	151	159	165
Invested Capital Turnover	4.31	2.47	2.43	2.40	2.36	2.28	2.25	2.26	2.16	2.16	2.13
Increase / (Decrease) in Invested Capital	93	32	25	25	27	22	28	28	31	34	31
Enterprise Value (EV)	625	998	1,061	691	1,096	650	705	934	516	783	617
Market Capitalization	697	1,061	1,122	742	1,203	751	798	1,026	595	853	683
Book Value per Share	$14.69	$14.81	$14.82	$14.45	$20.22	$18.65	$18.78	$19.11	$18.92	$18.89	$19.00
Tangible Book Value per Share	$14.69	$14.81	$14.82	$14.45	$20.22	$18.65	$18.78	$19.11	$18.92	$18.89	$19.00
Total Capital	164	165	166	163	228	225	227	231	229	229	231
Total Debt	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-71	-63	-61	-51	-108	-100	-93	-92	-79	-70	-66
Capital Expenditures (CapEx)	9.40	13	11	10	12	37	59	14	32	31	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-20	-19	-22	-24	-24	-26	-27	-30	-26	-28	-32
Debt-free Net Working Capital (DFNWC)	51	44	39	27	84	59	33	33	24	20	12
Net Working Capital (NWC)	51	44	39	27	84	59	33	33	24	20	12
Net Nonoperating Expense (NNE)	0.06	-0.19	-0.26	1.14	-0.07	0.57	-0.71	-0.84	0.48	0.15	-0.46
Net Nonoperating Obligations (NNO)	-71	-63	-61	-51	-108	-100	-93	-92	-79	-70	-66
Total Depreciation and Amortization (D&A)	2.60	2.78	3.23	3.18	3.20	3.40	3.69	3.95	4.17	4.34	4.36
Debt-free, Cash-free Net Working Capital to Revenue	-10.16%	-9.02%	-9.73%	-10.15%	-9.39%	-10.04%	-10.03%	-10.54%	-9.00%	-9.21%	-10.13%
Debt-free Net Working Capital to Revenue	25.52%	20.49%	17.02%	11.28%	33.54%	22.92%	12.43%	11.55%	8.38%	6.45%	3.77%
Net Working Capital to Revenue	25.52%	20.49%	17.02%	11.28%	33.54%	22.92%	12.43%	11.55%	8.38%	6.45%	3.77%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.18)	($0.09)	($0.05)	($0.47)	($0.08)	($0.31)	$0.05	$0.18	($0.25)	($0.14)	$0.03
Adjusted Weighted Average Basic Shares Outstanding	11.15M	11.18M	11.19M	11.20M	11.42M	12.07M	12.09M	11.92M	12.11M	12.12M	12.15M
Adjusted Diluted Earnings per Share	($0.18)	($0.09)	($0.05)	($0.47)	($0.08)	($0.31)	$0.05	$0.18	($0.25)	($0.14)	$0.03
Adjusted Weighted Average Diluted Shares Outstanding	11.15M	11.18M	11.19M	11.20M	11.42M	12.07M	12.31M	11.92M	12.11M	12.12M	12.36M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	11.16M	11.23M	11.24M	11.26M	12.07M	12.09M	12.09M	12.11M	12.11M	12.15M	12.15M
Normalized Net Operating Profit after Tax (NOPAT)	-1.99	-1.18	-0.82	-4.06	-1.03	-3.21	-0.15	1.44	-2.58	-1.56	-0.03
Normalized NOPAT Margin	-3.86%	-2.06%	-1.30%	-6.16%	-1.60%	-4.95%	-0.20%	1.81%	-3.51%	-1.95%	-0.04%
Pre Tax Income Margin	-3.90%	-1.65%	-0.79%	-7.85%	-1.43%	-5.77%	0.84%	2.92%	-4.12%	-2.08%	0.55%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-355.13	-140.83	-77.93	-483.75	-113.38	-353.00	-5.40	104.57	-204.44	-148.53	-2.29
NOPAT to Interest Expense	-248.59	-98.58	-54.55	-338.63	-79.37	-247.10	-4.92	102.63	-143.11	-103.97	-2.06
EBIT Less CapEx to Interest Expense	-1,529.50	-1,261.67	-820.07	-1,339.92	-1,002.23	-3,184.92	-1,956.23	-890.36	-1,994.72	-2,197.80	-920.53
NOPAT Less CapEx to Interest Expense	-1,422.96	-1,219.42	-796.69	-1,194.79	-968.22	-3,079.02	-1,955.75	-892.30	-1,933.39	-2,153.24	-920.29
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Kura Sushi USA’s financial profile shows strong top-line expansion, but profitability remains uneven. Revenue increased from $39.3 million in Q1 2022 to $85.9 million in Q3 2026, representing more than a doubling over the period. In the latest quarter, revenue rose approximately 16% from the restated Q3 2025, while gross profit increased from $12.1 million to $14.5 million.

Profitability has improved substantially from the company’s losses in 2024 and early 2025. Operating income moved from a $5.8 million loss in Q4 2024 to a $3.7 million loss in Q1 2025, a $2.2 million loss in Q2 2026, and nearly breakeven at a $39,000 loss in Q3 2026. However, Q3 net income of $423,000 was helped by $528,000 of interest and investment income, so the core restaurant operation has not yet produced consistent positive earnings.

Cash generation is a notable strength. Kura Sushi reported positive operating cash flow in every quarter provided, including $10.3 million in Q3 2026, up from $7.6 million in Q2 2026 and $529,000 in Q1 2026. Depreciation and other noncash charges contribute meaningfully to this difference between operating cash flow and reported net income.

The company is investing heavily in expansion. Capital expenditures totaled $15.6 million in Q3 2026 and $30.7 million in Q2 2026, following $32.2 million in Q1 2026. As a result, investing cash flow remained negative, and cash declined to $24.4 million at May 31, 2026, from $35.4 million at November 30, 2025. Kura Sushi partially offset this pressure by holding $19.9 million in short-term investments and $21.8 million in long-term investments.

The balance sheet has expanded rapidly alongside the restaurant footprint. Total assets increased to $471.6 million in Q3 2026 from $195.5 million in Q3 2022, while shareholders’ equity rose to $230.8 million from $90.0 million. Nevertheless, current liabilities of $46.9 million exceeded cash and equivalents, meaning the company depends on collections, operating cash flow and its investment portfolio to meet near-term obligations.

Revenue growth remains robust: Quarterly revenue more than doubled from $39.3 million in Q1 2022 to $85.9 million in Q3 2026, with 16% year-over-year growth in the latest quarter.
Gross profit is improving: Q3 2026 gross profit increased 19% year over year to $14.5 million, and the gross margin improved to approximately 16.9% from 16.4% in the restated Q3 2025.
Operating losses are nearing breakeven: The Q3 2026 operating loss was only $39,000, a significant improvement from losses of $3.7 million in Q1 2025 and $5.8 million in Q4 2024.
Operating cash flow is consistently positive: The company generated $10.3 million of operating cash flow in Q3 2026, its strongest quarterly result in the provided data.
Expansion is increasing the asset base: Net property, plant and equipment grew to $203.8 million in Q3 2026 from $68.7 million in Q3 2022, supporting the company’s restaurant-growth strategy.
Investment income is material: Interest and investment income was $528,000 in Q3 2026, helping produce positive net income, although this income may fluctuate with cash balances and market interest rates.
Liquidity includes a sizable investment portfolio: Cash, short-term investments and long-term investments totaled approximately $65.3 million at the latest quarter-end, providing additional financial flexibility.
Capital spending continues to exceed operating cash flow: Q3 2026 operating cash flow of $10.3 million did not cover $15.6 million of capital expenditures, leaving the company with negative free cash flow for the quarter.
Cash balances have declined: Cash and equivalents fell from $107.7 million in Q1 2025 to $24.4 million in Q3 2026 as the company funded expansion and other investments.
Share dilution has reduced per-share leverage: Basic weighted-average shares increased from 9.8 million in Q1 2022 to 12.1 million in Q3 2026, while earnings remain dependent on achieving sustained operating profitability.

Overall, the statements point to a fast-growing restaurant company approaching operating breakeven, supported by positive operating cash flow and a substantially larger asset base. The key risks for investors are the high cost of expansion, declining cash reserves, inconsistent net profitability and continued share-count growth. Future results will depend on whether new locations generate enough revenue and margin to turn the company’s significant capital investments into recurring free cash flow.

09/20/26 07:25 PM ETAI Generated. May Contain Errors.

Kura Sushi USA Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Kura Sushi USA's financial year ends in August. Their financial year 2025 ended on August 31, 2025.

Kura Sushi USA's net income appears to be on an upward trend, with a most recent value of -$1.90 million in 2025, falling from $1.74 million in 2018. The previous period was -$8.80 million in 2024. See Kura Sushi USA's forecast for analyst expectations on what's next for the company.

Kura Sushi USA's total operating income in 2025 was -$4.76 million, based on the following breakdown:

Total Gross Profit: $47.03 million
Total Operating Expenses: $51.79 million

Over the last 7 years, Kura Sushi USA's total revenue changed from $51.74 million in 2018 to $282.76 million in 2025, a change of 446.5%.

Kura Sushi USA's total liabilities were at $199.87 million at the end of 2025, a 20.4% increase from 2024, and a 1,304.7% increase since 2019.

In the past 6 years, Kura Sushi USA's cash and equivalents has ranged from $9.26 million in 2020 to $69.70 million in 2023, and is currently $47.50 million as of their latest financial filing in 2025.

Over the last 7 years, Kura Sushi USA's book value per share changed from 0.00 in 2018 to 19.11 in 2025, a change of 1,910.6%.

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Financial statements for NASDAQ:KRUS last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Kura Sushi USA (KRUS) Financials

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Kura Sushi USA (KRUS) Financials

Annual Income Statements for Kura Sushi USA

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Kura Sushi USA Financials - Frequently Asked Questions

When does Kura Sushi USA's fiscal year end?

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How has Kura Sushi USA's revenue changed over the last 7 years?

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