Every 10-Q that Kura Sushi USA, Inc. (KRUS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow KRUS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KRUS filings page.
Kura Sushi USA reported continued growth but modest profits for the quarter ended May 31, 2026. Quarterly sales rose to $85.9 million, up 16.2% from $74.0 million a year earlier, driven mainly by fifteen new restaurants and menu price increases. Net income for the quarter was $0.4 million, slightly below $0.6 million last year, as higher food, occupancy and depreciation costs absorbed much of the additional revenue.
For the first nine months of fiscal 2026, sales reached $239.4 million, up 17.7%, while the company recorded a net loss of $4.3 million, similar to the prior-year loss. Kura operated 91 restaurants as of May 31, 2026 and has opened twelve new locations year-to-date, with plans for 16 openings in fiscal 2026. Comparable sales were slightly negative in the quarter as traffic softened, but labor costs as a percentage of sales improved through operational initiatives and pricing.
Kura ended the period with $24.4 million in cash and cash equivalents, generating $18.4 million of operating cash flow over nine months and investing heavily in new units and equipment. The company has no outstanding borrowings and retains $45.0 million of availability on a related-party revolving credit line, alongside significant lease obligations for current and future restaurant sites.
Kura Sushi USA grew sales to $80.0M for the quarter ended February 28, 2026, up 23.3% from the prior year, while narrowing its net loss to $1.7M from $3.8M. Six‑month sales reached $153.5M with a net loss of $4.8M.
Growth came from eleven new restaurants opened since early 2025 and an 8.6% comparable‑restaurant sales increase, driven evenly by higher traffic and pricing/mix. Labor costs fell to 30.7% of sales, partly offset by higher food costs at 30.4% due to tariffs and commodity inflation.
Adjusted EBITDA improved to $5.5M for the quarter, and restaurant‑level operating margin rose to 18.2%. The company operated 84 restaurants at quarter‑end, plans 16 openings in fiscal 2026, holds $26.6M in cash plus investments, has a $45.0M undrawn revolver, and an effective $100M universal shelf registration.
Kura Sushi USA reported higher sales but wider losses for the quarter ended November 30, 2025. Sales rose to $73.5 million from $64.5 million, a 14.0% increase driven mainly by thirteen restaurants opened since late 2024 and menu price increases. However, comparable restaurant sales fell 2.5%, as guest traffic declined 2.5% amid a weaker macro environment.
Restaurant costs grew faster than sales. Food and beverage costs increased to $21.9 million and 29.9% of sales, up from 29.0%, largely due to tariffs on imported ingredients. Other restaurant-level expenses, including occupancy, depreciation and marketing, also rose, pushing total operating expenses to 105.0% of sales. As a result, operating loss widened to $3.7 million and net loss increased to $3.1 million, or $(0.25) per share, compared with a $(0.08) loss per share a year ago.
Adjusted EBITDA declined to $2.4 million from $3.6 million, and operating cash flow fell to $0.5 million. The company ended the quarter with $35.4 million in cash and cash equivalents and no borrowings under its $45.0 million related-party revolving credit line. Kura operated 83 restaurants after opening four new locations in the quarter and still plans to open 16 new restaurants in fiscal 2026. After quarter-end, it filed a universal shelf registration statement allowing it to offer up to $100.0 million of various securities over three years once effective.