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KURA SUSHI USA, INC. (KRUS) Annual Reports

Q: Where can I read KURA SUSHI USA, INC. (KRUS) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

KURA SUSHI USA, INC. is listed on Nasdaq, classified by the SEC under Retail-Eating Places (SIC 5812). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： Nasdaq
Fiscal year end： 08/31
SEC CIK： 1772177 →

Website：Official site ↗

Financial Highlights

FY2026 Q3 (quarterly, ended 2026-05-31)
	Current	Prior year	YoY
Revenue	$85.9M	$74.0M	+16.2%
Operating income	$-39,000	$-162,000	+75.9%
Net income	$423,000	$565,000	-25.1%
EPS (diluted)	$0.03	$0.05	-40.0%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 85.9 mn Net income 0.42 mn

Periods follow the company’s fiscal year (Apple ends in September, Walmart in January), so they differ from calendar quarters.

Show table：Income statement

Item	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3
Revenue	51.7	13.4	15.1	16.9	18.8	17.4	19.4	2.81	5.53	9.41	9.08	18.5	27.9	29.8	31.3	38.0	42.0	39.3	43.9	49.2	54.9	51.5	57.3	63.1	66.0	64.5	64.9	74.0	79.5	73.5	80.0	85.9
Operating income	1.86	-0.42	0.28	0.83	0.97	-1.39	-0.24	-8.03	-6.84	-6.29	-3.80	0.87	-0.76	-1.26	-1.88	0.47	1.92	-2.16	-1.05	1.31	2.23	-2.84	-1.69	-1.17	-5.80	-1.47	-4.59	-0.16	1.46	-3.68	-2.23	-0.04
Net income	1.74	-0.39	0.21	0.72	0.92	-1.22	-0.13	-9.15	-6.85	-6.35	-3.88	0.77	-0.83	-1.27	-1.88	0.48	1.91	-2.09	-1.01	1.68	2.93	-2.05	-1.00	-0.56	-5.20	-0.96	-3.78	0.56	2.27	-3.06	-1.71	0.42

Balance sheet

Quarterly · In mn (USD)

Total assets 472 mn Total liabilities 241 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3
Current assets	—	—	—	—	41.5	36.0	33.5	21.0	14.8	8.51	11.3	20.4	57.5	52.9	46.0	45.2	42.4	35.0	30.8	89.3	89.4	82.0	74.2	72.3	61.3	118	94.7	72.0	75.5	64.8	62.8	58.9
Total assets	—	—	—	—	76.4	116	125	114	118	115	118	130	178	179	184	196	201	204	213	286	305	309	316	325	329	404	410	419	431	444	461	472
Current liabilities	—	—	—	—	8.29	10.7	11.5	9.84	13.9	15.1	13.3	16.9	20.1	22.8	20.8	24.4	25.3	24.5	25.5	25.1	29.1	31.1	30.6	33.7	34.5	34.1	35.5	38.5	42.8	40.3	43.0	46.9
Total liabilities	—	—	—	—	14.2	54.5	63.9	61.5	72.7	75.7	82.0	92.8	86.8	88.8	95.4	106	108	113	120	127	140	146	150	158	166	176	185	192	200	214	232	241
Equity	21.5	21.3	21.6	22.5	62.2	61.1	61.2	52.3	45.7	39.7	36.4	37.7	90.8	90.0	88.6	90.0	93.3	91.9	92.4	160	165	164	165	166	163	228	225	227	231	229	229	231

Cash flow

Quarterly · In mn (USD)

Operating 10.3 mn Investing -12.9 mn Financing 0.37 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3
Operating	5.24	1.42	-0.43	2.45	2.56	-1.54	1.27	-10.4	-2.31	-2.73	-6.20	-0.76	2.55	10.6	-0.85	7.28	6.70	0.53	1.15	5.39	11.0	2.43	3.79	8.73	0.67	4.36	4.26	6.72	9.37	0.53	7.56	10.3
Investing	-6.59	-2.57	-2.31	-2.83	-3.55	-3.24	-4.05	-2.28	-5.21	-6.62	-3.28	-1.62	-3.14	-6.34	-6.83	-7.54	-7.45	-9.25	-6.16	-21.8	-12.7	-8.02	-12.6	-6.62	-9.20	-12.5	-26.9	-44.8	-9.54	-12.7	-16.4	-12.9
Financing	4.18	-0.55	-1.20	1.57	37.8	-0.25	-0.24	-0.26	-0.26	2.84	9.01	4.81	36.3	-0.24	-0.39	-0.11	0.57	-0.13	0.37	64.6	0.89	0.06	1.44	0.53	0.12	64.8	0.13	0.03	0.54	0	0.07	0.37
Cash at period end	—	—	—	—	38.0	33.0	30.0	17.0	9.26	2.75	1.75	4.70	40.4	44.4	36.4	36.0	35.8	26.9	22.3	70.5	69.7	64.2	56.8	59.4	51.0	108	85.2	47.1	47.5	35.4	26.6	24.4

Profitability

Quarterly · %

Operating margin -0.1% Net margin 0.5%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3
Operating margin	3.6%	-3.1%	1.9%	4.9%	5.2%	-8.0%	-1.2%	-285.5%	-123.7%	-66.8%	-41.9%	4.7%	-2.7%	-4.2%	-6.0%	1.3%	4.6%	-5.5%	-2.4%	2.7%	4.1%	-5.5%	-3.0%	-1.9%	-8.8%	-2.3%	-7.1%	-0.2%	1.8%	-5.0%	-2.8%	-0.1%
Net margin	3.4%	-2.9%	1.4%	4.2%	4.9%	-7.0%	-0.7%	-325.5%	-123.9%	-67.5%	-42.7%	4.2%	-3.0%	-4.3%	-6.0%	1.3%	4.5%	-5.3%	-2.3%	3.4%	5.3%	-4.0%	-1.7%	-0.9%	-7.9%	-1.5%	-5.8%	0.8%	2.9%	-4.2%	-2.1%	0.5%

Returns & leverage

Quarterly · %

ROE -0.9% ROA -0.5% Debt ratio 51.0%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3
ROE	—	—	—	10.1%	3.5%	1.5%	0.7%	-25.6%	-32.2%	-44.6%	-53.8%	-36.3%	-15.1%	-8.1%	-5.2%	-5.5%	-0.8%	-1.7%	-0.8%	0.4%	1.2%	1.2%	1.2%	-0.4%	-5.4%	-3.9%	-5.4%	-4.8%	-1.0%	-1.8%	-0.8%	-0.9%
ROA	—	—	—	—	1.9%	0.5%	0.2%	-8.4%	-17.8%	-19.5%	-21.6%	-13.3%	-7.0%	-3.5%	-2.1%	-2.1%	-0.4%	-0.8%	-0.4%	0.2%	0.6%	0.6%	0.6%	-0.2%	-2.8%	-2.2%	-2.9%	-2.5%	-0.5%	-0.9%	-0.4%	-0.5%
Debt ratio	—	—	—	—	18.6%	47.2%	51.1%	54.1%	61.4%	65.6%	69.2%	71.1%	48.9%	49.6%	51.9%	54.0%	53.7%	55.0%	56.6%	44.2%	46.0%	47.1%	47.6%	48.8%	50.5%	43.6%	45.2%	45.9%	46.4%	48.3%	50.4%	51.0%

EPS

Quarterly · US$

EPS US$0.03

Show table：EPS

Item	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3
EPS（US$）	0.34	-0.08	0.04	0.14	0.15	-0.15	-0.02	-1.10	-0.82	-0.76	-0.46	0.09	-0.08	-0.13	-0.19	0.05	0.20	-0.21	-0.10	0.16	0.28	-0.18	-0.09	-0.05	-0.47	-0.08	-0.31	0.05	0.19	-0.25	-0.14	0.03

Revenue & profit

Year-to-date · In mn (USD)

Revenue 239 mn Net income -4.35 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 472 mn Total liabilities 241 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 18.4 mn Investing -42.0 mn Financing 0.44 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Operating margin -2.5% Net margin -1.8%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE -0.9% ROA -0.5% Debt ratio 51.0%

EPS

Year-to-date · US$

EPS US$-0.36

Revenue & profit

Annual · In mn (USD)

Revenue 283 mn Net income -1.90 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2019	2020	2021	2022	2023	2024	2025
Revenue	64.3	45.2	64.9	141	187	238	283
Operating income	1.66	-16.5	-9.99	-0.75	0.33	-11.5	-4.76
Net income	1.46	-17.4	-10.3	-0.76	1.50	-8.80	-1.90

Balance sheet

Annual · In mn (USD)

Total assets 431 mn Total liabilities 200 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2019	2020	2021	2022	2023	2024	2025
Current assets	41.5	14.8	57.5	42.4	89.4	61.3	75.5
Total assets	76.4	118	178	201	305	329	431
Current liabilities	8.29	13.9	20.1	25.3	29.1	34.5	42.8
Total liabilities	14.2	72.7	86.8	108	140	166	200
Equity	62.2	45.7	90.8	93.3	165	163	231

Cash flow

Annual · In mn (USD)

Operating 24.7 mn Investing -93.7 mn Financing 65.5 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2019	2020	2021	2022	2023	2024	2025
Operating	5.99	-13.0	-7.15	23.7	18.1	15.6	24.7
Investing	-11.3	-14.8	-14.7	-28.2	-49.9	-36.5	-93.7
Financing	37.6	-1.00	53.0	-0.17	65.8	2.14	65.5
Cash at period end	38.0	9.26	40.4	35.8	69.7	51.0	47.5

Profitability

Annual · %

Operating margin -1.7% Net margin -0.7%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2019	2020	2021	2022	2023	2024	2025
Operating margin	2.6%	-36.5%	-15.4%	-0.5%	0.2%	-4.8%	-1.7%
Net margin	2.3%	-38.4%	-15.9%	-0.5%	0.8%	-3.7%	-0.7%

Returns & leverage

Annual · %

ROE -1.0% ROA -0.5% Debt ratio 46.4%

Show table：Returns & leverage

Item	2019	2020	2021	2022	2023	2024	2025
ROE	2.3%	-32.2%	-15.1%	-0.8%	1.2%	-5.4%	-1.0%
ROA	1.9%	-17.8%	-7.0%	-0.4%	0.6%	-2.8%	-0.5%
Debt ratio	18.6%	61.4%	48.9%	53.7%	46.0%	50.5%	46.4%

EPS

Annual · US$

EPS US$-0.15

Show table：EPS

Item	2019	2020	2021	2022	2023	2024	2025
EPS（US$）	0.25	-2.09	-1.21	-0.07	0.13	-0.79	-0.15

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read KURA SUSHI USA, INC. (KRUS) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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