10-Q quarterly report · filed Jan 7, 2026

KURA SUSHI USA, INC. (KRUS) Q4 2025 10-Q Quarterly Report

Short answer

KURA SUSHI USA, INC. (KRUS) filed its Q4 2025 10-Q quarterly report on Jan 7, 2026 for the quarter ended Nov 30, 2025. Quarterly revenue was $73M (up 14.0% year over year) with net income of −$3M.

Q4 2025 key financials · XBRL

Revenue
$73M
+14.0% YoY
Net income
−$3M
−218.4% YoY
Operating margin
-5.0%
EPS (diluted)
−$0.25
−212.5% YoY

Source: XBRL data from the KURA SUSHI USA, INC. (KRUS) Q4 2025 10-Q on SEC EDGAR. USD.

KURA SUSHI USA, INC. Q4 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $73.5M, up 14.0% YoY from $64.5M, driven by 13 new restaurants and menu price increases
  • Operating margin (5.0)% vs (2.3)% YoY; adjusted EBITDA margin 3.3% vs 5.5%
  • Restaurant-level margin 15.1% vs 18.2%; comparable sales down 2.5% with traffic down 2.5%
  • Operating cash flow $0.5M vs $4.4M; investing outflow $12.7M, including $13.8M property and equipment purchases
  • Four openings expanded the base to 83 restaurants; fiscal 2026 target 16 openings, with tariffs expected to pressure costs throughout the year

Risk Factors

  • No material changes to risk factors since the August 31, 2025 Form 10-K
  • Key regulatory risk unchanged from the prior annual filing
  • Key operational and competitive risks carried forward without quarterly updates
  • Liquidity, debt, currency, and concentration risks unchanged from the prior annual filing

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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