# Kura Sushi USA, Inc. (KRUS)

> Source: Nexqual · https://nexqual.com/KRUS · data as of 2026-10-23 14:44 UTC · cite as "Nexqual, Kura Sushi USA, Inc. (KRUS), nexqual.com/KRUS" · informational, not investment advice.

**Price:** USD 32.56 (-5.38% today) · US market open, as of October 23, 2026 at 14:44 UTC; quotes may be delayed. Prev close 34.41 · day 32.32–34.12 · 52w 32.32–80.84 · market cap $396M · NGM

## Key facts
- Last four reported quarters (through May 31, 2026): revenue $319M, net income -$2.1M (-0.7% margin), free cash flow -$24.9M (SEC filings).
- Analysts: Buy (mean 2.33 on a 1–5 scale) (9 analysts), mean target USD 65.75 (range 51–85).
- Total return with dividends: 1Y -49.7% vs S&P 500 +14.5%; 5Y -23.5% vs S&P 500 +77.2%.
- Next earnings: 2026-11-05, EPS estimate USD 0.19, revenue estimate $91.3M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $64.9M | $141M | $187M | $238M | $283M | $319M |
| Operating income | -$10.0M | -$754K | $332K | -$11.5M | -$4.8M | -$4.5M |
| Net income | -$10.3M | -$764K | $1.5M | -$8.8M | -$1.9M | -$2.1M |
| EPS (diluted) | -$1.21 | -$0.08 | $0.14 | -$0.79 | -$0.16 | — |
| Free cash flow | -$21.2M | -$3.1M | -$21.0M | -$28.6M | -$21.4M | -$24.9M |
| Operating margin | -15.4% | -0.5% | 0.2% | -4.8% | -1.7% | -1.4% |
| Net margin | -15.9% | -0.5% | 0.8% | -3.7% | -0.7% | -0.7% |
| Revenue growth | +43.7% | +117.4% | +32.8% | +26.9% | +18.9% | — |
| Cash + short-term investments | $40.4M | $35.8M | $78.2M | $51.0M | $62.5M | — |
Fiscal years end Aug. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through May 31, 2026)
P/S 1.2x · P/B 1.7x · FCF yield -6.30% · Earnings yield -0.52%
P/E at fiscal year-ends: Aug 2023 618.9x.

## Analysts
Consensus Buy (mean 2.33 on a 1–5 scale), 9 analysts; mean target USD 65.75 (low 51, high 85).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | DA Davidson | Target lowered | Buy | $65 → $55 |
| 2026-07-08 | Citigroup | Target lowered | Neutral | $64 → $59 |
| 2026-07-08 | Lake Street | Target lowered | Buy | $83 → $72 |
| 2026-07-08 | Roth Capital | Target lowered | Buy | $85 → $70 |
| 2026-07-08 | TD Cowen | Target lowered | Hold | $58 → $51 |
| 2026-07-01 | DA Davidson | Target lowered | Buy | $90 → $70 |
| 2026-07-01 | Freedom Capital Markets | Initiated | Hold | $68 |
| 2026-06-25 | Citigroup | Target lowered | Neutral | $78 → $64 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -49.7% | -23.5% |
| S&P 500 (SPY) | +14.5% | +77.2% |
| Per year | -49.7% | -5.2% |
| Volatility (annualized) | 63.4% | 73.7% |
| Max drawdown | -58.9% (Feb 2026→Oct 2026) | -71.8% (Mar 2024→Oct 2026) |

## Peers (Restaurants)
CNNE (Cannae Holdings, Inc.) USD 16.33 -0.64% · FWRG (First Watch Restaurant Group, I) USD 11.07 -4.24% · BLMN (Bloomin' Brands, Inc.) USD 9.71 -5.46% · SG (Sweetgreen, Inc.) USD 9.87 -3.42% · BJRI (BJ's Restaurants, Inc.) USD 56.56 -3.79% · WEN (Wendy's Company (The)) USD 6.24 -5.10%

## More
Full page: https://nexqual.com/KRUS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in KRUS's own 10-K filed 2025-11-06 (https://www.sec.gov/Archives/edgar/data/1772177/000119312525269773/krus-20250831.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Kura Sushi | "our reliance on vendors, suppliers and distributors, including our majority stockholder, Kura Sushi, Inc.;" |
| Supplier | JFC International | "We rely on JFC as one of our primary suppliers." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-08-31) | $0.19 | $0.19 | +1.8% | $91.3M | 8 |
| Next quarter (ends 2026-11-30) | $-0.17 | $-0.15 | +14.5% | $87.2M | 7 |
| Current fiscal year (ends 2026-08-31) | $-0.05 | $-0.05 | -9.5% | $330.7M | 8 |
| Next fiscal year (ends 2027-08-31) | $0.27 | $0.27 | +0.5% | $390.4M | 8 |