KURA SUSHI USA, INC.
KRUS · Retail-Eating Places · 10.6M shares · +18%/yr ↑ shares · EDGAR filings ↗
Grade
D52Fast-growing revolving-sushi chain with strong liquidity but no profits and sharply lower earnings.
Strengths
- Revenue growth 18.9% (68th pct) and ~17 quarters of cash runway (87.5th pct)
- Strong liquidity (current ratio 85.7th pct); scalable, tech-enabled concept
Risks
- Operating margin -1.7% (25.7th pct), net margin -0.67%, ROE -0.8% — still unprofitable
- Net income growth -78% (12.5th pct); negative FCF (-7.6% margin); tariff/cost pressure into FY26
- Small base means new-unit execution heavily drives results
Notable findings
- No interest coverageInterest coverage -68.01 (cannot cover interest)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -0.7%)
- Cash burnNegative free cash flow (-21.4M)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-1.7%
Net margin
-0.7%
Return on equity
-0.8%
Return on assets
-0.4%
Revenue growth (QoQ)
8.9%
Interest coverage
-68.0×
Current ratio
1.8×
Free cash flow
-$21M
EBITDA
$9M
Tangible book value
$231M
Cash & investments
$92M
Cash runway
17q
Stock comp / revenue
1.7%
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-04-07 | ResultsExec/director changeReg FDExhibits | filing ↗ |
| 2026-01-22 | Shareholder voteReg FDExhibits | filing ↗ |
| 2026-01-07 | ResultsExhibits | filing ↗ |
| 2025-11-06 | ResultsExhibits | filing ↗ |
| 2025-07-08 | ResultsExhibits | filing ↗ |
| 2025-04-08 | ResultsExhibits | filing ↗ |
| 2025-01-24 | Shareholder voteOtherExhibits | filing ↗ |
| 2025-01-07 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-04-07 | 2026-04-02 | 0001193125-26-145572 ↗ |
| 10-Q | 2026-04-07 | 2026-02-28 | 0001193125-26-145622 ↗ |
| 8-K | 2026-01-22 | 2026-01-21 | 0001193125-26-019473 ↗ |
| 10-Q | 2026-01-07 | 2025-11-30 | 0001193125-26-006355 ↗ |
| 8-K | 2026-01-07 | 2026-01-07 | 0001193125-26-006345 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001193125-25-269685 ↗ |
| 10-K | 2025-11-06 | 2025-08-31 | 0001193125-25-269773 ↗ |
| 8-K | 2025-07-08 | 2025-07-08 | 0000950170-25-094603 ↗ |
| 10-Q | 2025-07-08 | 2025-05-31 | 0000950170-25-094616 ↗ |
| 10-Q | 2025-04-08 | 2025-02-28 | 0000950170-25-052106 ↗ |
| 8-K | 2025-04-08 | 2025-04-08 | 0000950170-25-052076 ↗ |
| 8-K | 2025-01-24 | 2025-01-23 | 0000950170-25-008843 ↗ |