KURA SUSHI USA, INC. KRUS
Kura Sushi USA, Inc. ("Kura Sushi") is a technology-enabled Japanese restaurant concept that provides guests with a distinctive dining experience by serving authentic Japanese cuisine through an engaging revolving sushi service model, which we refer to as the "Kura Experience." We encourage healthy lifestyles by serving freshly prepared Japanese cuisine using high-quality ingredients that are free from artificial seasonings, sweeteners, colorings, and preservatives. We aim to make quality Japanese cuisine accessible to our guests across the United States through affordable prices and an inviting atmosphere.
Kura Sushi is headquartered in Irvine, California and was established in 2008 as a subsidiary of Kura Sushi, Inc. ("Kura Japan"), a Japan-based revolving sushi chain with over 650 restaurants internationally and 45 years of brand history. Kura Sushi opened its first restaurant in Irvine, California in 2009, and currently operates 82 restaurants across 22 U.S. states and Washington, DC.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $282.8M | $237.9M | $187.4M | $141.1M | $64.9M | $45.2M | $64.2M | $51.7M | — |
| SG&A | $37.7M | $39.0M | $28.0M | $22.3M | $15.7M | $12.1M | $7.7M | $6.0M | — |
| Total operating expenses | $287.5M | $249.4M | $187.1M | $141.8M | $74.9M | $61.7M | $62.6M | $49.9M | — |
| Operating income | -$4.8M | -$11.5M | $332.0K | -$754.0K | -$10.0M | -$16.5M | $1.7M | $1.9M | — |
| Interest expense | $70.0K | $47.0K | $69.0K | $87.0K | $220.0K | $136.0K | $188.0K | $128.0K | — |
| Pre-tax income | -$1.7M | -$8.6M | $1.7M | -$690.0K | -$10.2M | -$16.2M | $1.5M | $1.7M | — |
| Income tax | $175.0K | $167.0K | $233.0K | $74.0K | $106.0K | $1.2M | $68.0K | $5.0K | — |
| Net income | -$1.9M | -$8.8M | $1.5M | -$764.0K | -$10.3M | -$17.4M | $1.5M | $1.7M | — |
| EPS, basic | -0.16 | -0.79 | 0.15 | -0.08 | -1.21 | -2.08 | 0.28 | 0.35 | — |
| EPS, diluted | -0.16 | -0.79 | 0.14 | -0.08 | -1.21 | -2.08 | 0.26 | 0.34 | — |
| Shares, diluted (wtd. avg.) | 11.9M | 11.2M | 10.6M | 9.7M | 8.5M | 8.3M | 5.5M | 5,050 | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $47.5M | $51.0M | $69.7M | $35.8M | $40.4M | $9.3M | $38.0M | — | — |
| Short-term investments | $15.0M | — | $8.5M | $0 | — | — | — | — | — |
| Receivables | — | — | — | — | — | $2.1M | $948.0K | — | — |
| Inventory | $2.1M | $2.2M | $1.7M | $1.1M | $733.0K | $367.0K | $539.0K | — | — |
| Total current assets | $75.4M | $61.3M | $89.4M | $42.4M | $57.5M | $14.8M | $41.5M | — | — |
| Property, plant and equipment | $171.2M | $138.6M | $106.4M | $75.6M | $53.9M | $45.5M | $31.9M | — | — |
| Total assets | $430.9M | $328.5M | $304.7M | $201.4M | $177.7M | $118.4M | $76.4M | — | — |
| Accounts payable | $11.5M | $9.0M | $7.2M | $5.6M | $4.9M | $4.9M | $3.7M | — | — |
| Total current liabilities | $42.8M | $34.5M | $29.1M | $25.3M | $20.0M | $13.9M | $8.3M | — | — |
| Total liabilities | $199.9M | $166.0M | $140.0M | $108.1M | $86.8M | $72.7M | $14.2M | — | — |
| Retained earnings | -$34.9M | -$33.0M | -$24.2M | -$25.7M | -$24.9M | -$14.6M | $2.7M | — | — |
| Total equity | $231.1M | $162.5M | $164.6M | $93.3M | $90.8M | $45.7M | $62.2M | $21.5M | $14.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $24.7M | $15.6M | $18.1M | $23.7M | -$7.1M | -$13.0M | $6.0M | $5.2M | — |
| Depreciation and amortisation | $14.0M | $11.8M | $7.8M | $5.6M | $4.5M | $3.2M | $2.2M | $1.7M | — |
| Stock-based compensation | $4.7M | $4.3M | $3.5M | $2.4M | $1.4M | $860.0K | $590.0K | $105.0K | — |
| Capital expenditure | $46.1M | $44.3M | $39.1M | $26.8M | $14.1M | $14.4M | $10.7M | $7.1M | — |
| Investing cash flow | -$93.7M | -$36.5M | -$49.9M | -$28.2M | -$14.7M | -$14.8M | -$11.3M | -$6.6M | — |
| Financing cash flow | $65.5M | $2.1M | $65.8M | -$170.0K | $53.0M | -$1.0M | $37.6M | $4.2M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-25-269773.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $51.7M | $64.2M | $45.2M | $64.9M | $141.1M | $187.4M | $237.9M | $282.8M |
| Gross profit | — | — | — | — | — | — | — | — | — |
| Net income | — | $1.7M | $1.5M | -$17.4M | -$10.3M | -$764.0K | $1.5M | -$8.8M | -$1.9M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Results announced Item 2.02
- Shareholder vote Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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