KRUS
KURA SUSHI USA, INC.
Next earnings Jul 7, 2026 · consensus $-0.01 EPS, $88.1M rev
Last earnings +0.5% on 2026-04-07
$57.61
▼ -3.18%$57.61▼ -29.71%
over 1Y
L $42.68EODHDH $95.83
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-3.2%
1W+5.0%
1M+23.6%
3M-15.4%
YTD+6.2%
1Y-29.7%
Hold
Conviction
Horizon
Medium (3–12mo)
Street · 17 analysts
Buy
Fast-growing sushi concept with real momentum, but still unprofitable and priced richly into FY26 tariff headwinds.
Revenue $283M · FY2025
Kura Sushi is a genuine growth story: revenue compounded from $64.9M (FY2021) to $283M (FY2025), up 18.9% YoY, driven by disciplined unit expansion — 15 restaurants opened in FY2025 to reach 79 units across 22 states, with 16 more planned for FY2026. Losses are narrowing sharply (net income -$1.90M, improved 78.4% YoY; operating loss -$4.76M, improved 58.6%), and the business throws off positive operating cash flow of $24.7M. That is the bull case, and it is legitimate — the top line is durable and management is executing on a coherent expansion plan.
The problem is that after five fiscal years, KRUS has posted exactly one profitable year (FY2023, $1.50M), and the retained-earnings deficit sits at -$34.9M. This is a capital-hungry model: FY2025 capex of $46.1M nearly doubled operating cash flow, so the company is consuming cash to grow — cash fell 6.8% to $47.5M despite the equity base swelling 42% (partly from share issuance, with the count up 6.4%). Growth here is funded by the balance sheet, not by self-sustaining profits.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $64.9M | $141M | $187M | $238M | $283M |
| Gross profit | — | — | — | — | — |
| Operating income | -$9.99M | -$754K | $332K | -$11.5M | -$4.76M |
| Net income | -$10.3M | -$764K | $1.50M | -$8.80M | -$1.90M |
| Diluted EPS | -$1.21 | -$0.08 | $0.14 | -$0.79 | -$0.16 |
| Net margin | -15.9% | -0.5% | 0.8% | -3.7% | -0.7% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$657M
EV / EBITDA70.8
EV / Sales2.3
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-0.3%
FCF yield-3.0%
Quality & risk
ROIC (est.)-1.6%
Free cash flow-$21.4M
Total debt—
Net cash$47.5M
Altman Z-Score2.71 grey
Piotroski F-Score3/7
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+6.4%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Officer / director change2026-04-07
Q2 FY26 10-Q: sales rise on new restaurants; tariffs pressure food/build costs
- 10-Q Quarterly report2026-04-07
Q2 FY26 10-Q: sales rise on new restaurants; tariffs pressure food/build costs
- 8-K Shareholder vote2026-01-22
Annual meeting vote results: directors elected, routine proposals passed
- 8-K Earnings results2026-01-07
Q1 FY26 10-Q: continued unit expansion, near-breakeven results
- 10-Q Quarterly report2026-01-07
Q1 FY26 10-Q: continued unit expansion, near-breakeven results
- S-3 Shelf registration (potential raise)2025-12-29
Shelf registration filed enabling future equity/debt raises; possible dilution
- DEF 14A Proxy statement2025-12-10
Proxy: director slate, say-on-pay and auditor ratification for annual meeting
- 8-K Earnings results2025-11-06
FY25: revenue +19%, loss narrowed 78%; 79 units, 16 more planned, tariff headwind
- 10-K Annual report2025-11-06
FY25: revenue +19%, loss narrowed 78%; 79 units, 16 more planned, tariff headwind
Recent filings
all on EDGAR ↗SCHEDULE 13G/AFiling2026-05-07open ↗SCHEDULE 13GFiling2026-05-06open ↗SCHEDULE 13GFiling2026-05-01open ↗SCHEDULE 13G/AFiling2026-04-20open ↗10-QPeriod ending 2026-02-282026-04-07open ↗8-KPeriod ending 2026-04-022026-04-07open ↗144Filing2026-03-24open ↗SCHEDULE 13G/AFiling2026-02-17open ↗SCHEDULE 13GFiling2026-02-17open ↗SCHEDULE 13G/AFiling2026-02-13open ↗SCHEDULE 13GFiling2026-02-06open ↗4Period ending 2026-02-032026-02-04open ↗
Frequently asked
- Is KURA SUSHI USA, INC. (KRUS) a buy?
- KRUS currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Fast-growing sushi concept with real momentum, but still unprofitable and priced richly into FY26 tariff headwinds.
- What is KURA SUSHI USA, INC.'s quality score?
- KRUS scores 54.72372224404765/100 (grade C-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001772177, latest 10-Q filed 2026-04-07) · EODHD · Proprietary analysis · as of 7/3/2026, 3:36:27 AM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.