Kura Sushi USA, Inc.

KRUS

Consumer CyclicalSmall CapUS Equities · NYSE / NASDAQ

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Company Profile

Kura Sushi USA, Inc. operates technology-enabled Japanese restaurants in the United States. The company's restaurants provide Japanese cuisine through an engaging revolving sushi service model, which is known as the Kura Experience. The company was formerly known as Kula Sushi USA, Inc. and changed its name to Kura Sushi USA, Inc. in October 2017. The company was founded in 2008 and is headquartered in Irvine, California. Kura Sushi USA, Inc. is a subsidiary of Kura Sushi, Inc.

Valuation

Market Cap$556M

Current Price$47.89as of Jun 23, 2026

P/E Ratio-

P/B Ratio2.41

EV / EBITDA53.56

EV / Sales2.35

Profitability

Operating Margin-1.7%

Net Profit Margin-0.7%

EBITDA Margin4.4%

Returns

ROE-0.8%

ROCE-0.7%

ROIC %-0.4%

ROA-0.4%

Solvency

Current Ratio1.76

Debt / Equity0.74

Debt / Assets0.39

CFO / Net Profit-13.01

Price History▼ 40.14% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$283M▲ 18.9%

EBITDA$12M▲ 287.5%

Net Profit$-2M▼ 78.4%

Cash from Ops (CFO)$25M▲ 58.3%

Free Cash Flow (FCF)$-24M▼ 18.3%

Revenue CAGR 3Y26.1%

Revenue CAGR 5Y-

Net Profit CAGR 3Y-

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$283M	$12M	$-2M	$-24M	-0.8%	18.9%	-78.4%
2024	$238M	$3M	$-9M	$-29M	-5.4%	26.9%	-686.2%
2023	$187M	$10M	$2M	$-23M	0.9%	32.8%	-296.6%
2022	$141M	$5M	$-1M	$-4M	-0.8%	-	-
2021	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	141.09	187.43	237.86	282.76
Operating Revenue	-	141.09	187.43	237.86	282.76
Cost Of Revenue	-	119.20	158.65	208.34	249.33
Gross Profit	-	21.89	28.78	29.52	33.43
Operating Expense	-	22.64	28.44	39.48	38.20
Selling General And Administration	-	22.29	28.04	39.05	37.75
Total Expenses	-	141.84	187.10	247.81	287.52
Operating Income	-	-0.75	0.33	-9.95	-4.76
Total Operating Income As Reported	-	-0.75	0.33	-11.50	-4.76
EBITDA	-	5.01	9.64	3.20	12.39
Normalized EBITDA	-	5.01	9.64	4.75	12.39
EBIT	-	-0.60	1.80	-8.59	-1.66
Interest Income	-	0.15	1.47	2.92	3.10
Interest Expense	-	0.09	0.07	0.05	0.07
Net Interest Income	-	0.06	1.40	2.87	3.03
Other Income Expense	-	-	-	-1.55	-
Interest Income Non Operating	-	0.15	1.47	2.92	3.10
Interest Expense Non Operating	-	0.09	0.07	0.05	0.07
Net Non Operating Interest Income Expense	-	0.06	1.40	2.87	3.03
Pretax Income	-	-0.69	1.74	-8.64	-1.73
Tax Provision	-	0.07	0.23	0.17	0.18
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	0	0	-0.33	0
Net Income Continuous Operations	-	-0.76	1.50	-8.80	-1.90
Net Income From Continuing And Discontinued Operation	-	-0.76	1.50	-8.80	-1.90
Net Income From Continuing Operation Net Minority Interest	-	-0.76	1.50	-8.80	-1.90
Net Income	-	-0.76	1.50	-8.80	-1.90
Net Income Common Stockholders	-	-0.76	1.50	-8.80	-1.90
Net Income Including Noncontrolling Interests	-	-0.76	1.50	-8.80	-1.90
Normalized Income	-	-0.76	1.50	-7.58	-1.90
Diluted NI Availto Com Stockholders	-	-0.76	1.50	-8.80	-1.90
Basic Average Shares	-	9.72	10.30	11.20	11.92
Diluted Average Shares	-	9.72	10.64	11.20	11.92
Reconciled Depreciation	-	5.61	7.83	11.79	14.05
Reconciled Cost Of Revenue	-	113.94	151.23	196.98	235.73
Total Unusual Items	-	0	0	-1.55	0
Total Unusual Items Excluding Goodwill	-	0	0	-1.55	0
Special Income Charges	-	0	0	-1.55	0
Impairment Of Capital Assets	-	0	0	1.55	0
Depreciation Amortization Depletion Income Statement	-	0.36	0.41	0.42	0.45
Depreciation And Amortization In Income Statement	-	0.36	0.41	0.42	0.45
General And Administrative Expense	-	22.29	28.04	39.05	37.75
Other Gand A	-	22.29	28.04	39.05	37.75
Rent Expense Supplemental	-	9.92	13.14	16.79	21

Peer Comparison

Consumer Cyclical sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Kura Sushi USA, Inc.this co.	KRUS	$556M	-	2.41	-0.8%	53.56
Ranpak Holdings Corp.	PACK	$589M	-15.37	1.10	-7.2%	17.86
Karat Packaging Inc.	KRT	$561M	17.83	3.68	20.6%	11.43
Legacy Housing Corporation	LEGH	$557M	13.33	1.05	7.9%	10.31
Miller Industries, Inc.	MLR	$553M	24.04

Learn while you research

Hand-picked academy chapters to deepen your understanding of Kura Sushi USA, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Stock Market Risks

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$283M

$12M

$-2M

$-24M

-0.8%

18.9%

-78.4%

2024

$238M

$3M

$-9M

$-29M

-5.4%

26.9%

-686.2%

2023

$187M

$10M

$2M

$-23M

0.9%

32.8%

-296.6%

2022

$141M

$5M

$-1M

$-4M

-0.8%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

141.09

187.43

237.86

282.76

Operating Revenue

141.09

187.43

237.86

282.76

Cost Of Revenue

119.20

158.65

208.34

249.33

Gross Profit

21.89

28.78

29.52

33.43

Operating Expense

22.64

28.44

39.48

38.20

Selling General And Administration

22.29

28.04

39.05

37.75

Total Expenses

141.84

187.10

247.81

287.52

Operating Income

-0.75

0.33

-9.95

-4.76

Total Operating Income As Reported

-0.75

0.33

-11.50

-4.76

EBITDA

5.01

9.64

3.20

12.39

Normalized EBITDA

5.01

9.64

4.75

12.39

EBIT

-0.60

1.80

-8.59

-1.66

Interest Income

0.15

1.47

2.92

3.10

Interest Expense

0.09

0.07

0.05

0.07

Net Interest Income

0.06

1.40

2.87

3.03

Other Income Expense

-1.55

Interest Income Non Operating

0.15

1.47

2.92

3.10

Interest Expense Non Operating

0.09

0.07

0.05

0.07

Net Non Operating Interest Income Expense

0.06

1.40

2.87

3.03

Pretax Income

-0.69

1.74

-8.64

-1.73

Tax Provision

0.07

0.23

0.17

0.18

Tax Rate For Calcs

Tax Effect Of Unusual Items

-0.33

Net Income Continuous Operations

-0.76

1.50

-8.80

-1.90

Net Income From Continuing And Discontinued Operation

-0.76

1.50

-8.80

-1.90

Net Income From Continuing Operation Net Minority Interest

-0.76

1.50

-8.80

-1.90

Net Income

-0.76

1.50

-8.80

-1.90

Net Income Common Stockholders

-0.76

1.50

-8.80

-1.90

Net Income Including Noncontrolling Interests

-0.76

1.50

-8.80

-1.90

Normalized Income

-0.76

1.50

-7.58

-1.90

Diluted NI Availto Com Stockholders

-0.76

1.50

-8.80

-1.90

Basic Average Shares

9.72

10.30

11.20

11.92

Diluted Average Shares

9.72

10.64

11.20

11.92

Reconciled Depreciation

5.61

7.83

11.79

14.05

Reconciled Cost Of Revenue

113.94

151.23

196.98

235.73

Total Unusual Items

-1.55

Total Unusual Items Excluding Goodwill

-1.55

Special Income Charges

-1.55

Impairment Of Capital Assets

1.55

Depreciation Amortization Depletion Income Statement

0.36

0.41

0.42

0.45

Depreciation And Amortization In Income Statement

0.36

0.41

0.42

0.45

General And Administrative Expense

22.29

28.04

39.05

37.75

Other Gand A

22.29

28.04

39.05

37.75

Rent Expense Supplemental

9.92

13.14

16.79

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Kura Sushi USA, Inc.this co.

KRUS

$556M

2.41

-0.8%

53.56

Ranpak Holdings Corp.

PACK

$589M

-15.37

1.10

-7.2%

17.86

Karat Packaging Inc.

KRT

$561M

17.83

3.68

20.6%

11.43

Legacy Housing Corporation

LEGH

$557M

13.33

1.05

7.9%

10.31

Miller Industries, Inc.

MLR

$553M

24.04

Kura Sushi USA, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Kura Sushi USA, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on