Kura Sushi USA (KRUS) financial statements
Kura Sushi USA reported revenue of $283M in fiscal 2025, up 27.5% a year over 7 years.
Net income was -$2M and the operating margin -1.7%, against 3.6% in 2018.
Free cash flow was -$21M.
The diluted share count rose 136% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Kura Sushi USA's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $52M | $64M | $45M | $65M | $141M | $187M | $238M | $283M |
| Selling, general and admin | $6M | $8M | $12M | $16M | $22M | $28M | $39M | $38M |
| Operating income | $2M | $2M | -$16M | -$10M | -$754,000 | $332,000 | -$12M | -$5M |
| Interest expense | $128,000 | $188,000 | $136,000 | $220,000 | $87,000 | $69,000 | $47,000 | $70,000 |
| Pre-tax income | $2M | $2M | -$16M | -$10M | -$690,000 | $2M | -$9M | -$2M |
| Income tax | $5,000 | $68,000 | $1M | $106,000 | $74,000 | $233,000 | $167,000 | $175,000 |
| Net income | $2M | $1M | -$17M | -$10M | -$764,000 | $2M | -$9M | -$2M |
| EPS (diluted) | $0.34 | $0.26 | -$2.08 | -$1.21 | -$0.08 | $0.14 | -$0.79 | -$0.16 |
| Diluted shares | 5M | 6M | 8M | 9M | 10M | 11M | 11M | 12M |
| Operating margin | 3.6% | 2.6% | -36.5% | -15.4% | -0.5% | 0.2% | -4.8% | -1.7% |
| Net margin | 3.4% | 2.3% | -38.4% | -15.9% | -0.5% | 0.8% | -3.7% | -0.7% |
Balance sheet
Fiscal years, from Kura Sushi USA's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | — | $38M | $9M | $40M | $36M | $78M | $51M | $62M |
| Receivables | — | $948,000 | $2M | — | — | — | — | — |
| Inventory | — | $539,000 | $367,000 | $733,000 | $1M | $2M | $2M | $2M |
| Total current assets | — | $42M | $15M | $57M | $42M | $89M | $61M | $75M |
| Property, plant and equipment | — | $32M | $46M | $54M | $76M | $106M | $139M | $171M |
| Total assets | — | $76M | $118M | $178M | $201M | $305M | $329M | $431M |
| Total current liabilities | — | $8M | $14M | $20M | $25M | $29M | $34M | $43M |
| Total liabilities | — | $14M | $73M | $87M | $108M | $140M | $166M | $200M |
| Shareholders' equity | $22M | $62M | $46M | $91M | $93M | $165M | $163M | $231M |
| Net debt | — | -$38M | -$9M | -$40M | -$36M | -$70M | -$51M | -$47M |
Cash flow
Fiscal years, from Kura Sushi USA's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5M | $6M | -$13M | -$7M | $24M | $18M | $16M | $25M |
| Capital spending | $7M | $11M | $14M | $14M | $27M | $39M | $44M | $46M |
| Free cash flow | -$2M | -$5M | -$27M | -$21M | -$3M | -$21M | -$29M | -$21M |
| Stock-based compensation | $105,000 | $590,000 | $860,000 | $1M | $2M | $4M | $4M | $5M |
| Net borrowing | — | $0 | $0 | $17M | — | — | — | — |
| Free cash flow margin | -3.6% | -7.4% | -60.7% | -32.7% | -2.2% | -11.2% | -12.0% | -7.6% |
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Open KRUS in InvestinglyQuestions
What was Kura Sushi USA's revenue in 2025?
$283M in fiscal 2025, from its 10-K filing.
How much free cash flow does Kura Sushi USA generate?
-$21M in fiscal 2025 (operating cash flow minus capital spending).
From Kura Sushi USA's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.