Kura Sushi USA, Inc. key statistics and ratios

In fiscal 2025, Kura Sushi USA, Inc. had return on equity of -1.0%, an operating margin of -1.7%, debt equal to 0.0% of equity and a current ratio of 1.76. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Kura Sushi USA, Inc.: financial ratios, annual
Fiscal year	2018Aug 2018	2019Aug 2019	2020Aug 2020	2021Aug 2021	2022Aug 2022	2023Aug 2023	2024Aug 2024	2025Aug 2025	LTMMay 2026
Operating margin	3.6%	2.6%	−36.5%	−15.4%	−0.5%	0.2%	−4.8%	−1.7%	−1.4%
Net margin	3.4%	2.3%	−38.4%	−15.9%	−0.5%	0.8%	−3.7%	−0.7%	−0.7%
Free-cash-flow margin	−3.6%	−7.4%	−60.7%	−32.7%	−2.2%	−11.2%	−12.0%	−7.6%	−7.8%
Return on equity	8.1%	3.5%	−32.2%	−15.1%	−0.8%	1.2%	−5.4%	−1.0%	−0.9%
Return on assets	—	1.9%	−17.8%	−7.0%	−0.4%	0.6%	−2.8%	−0.5%	−0.5%
Asset turnover	—	0.84	0.46	0.44	0.74	0.74	0.75	0.74	0.71
Current ratio	—	5.01	1.06	2.87	1.68	3.07	1.78	1.76	1.26
Debt to equity	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Interest cover (operating income ÷ interest)	14.6x	8.8x	n/m	n/m	n/m	4.8x	n/m	n/m	n/m
Effective tax rate	0.3%	4.5%	—	—	—	13.4%	—	—	—
Capital spending as % of revenue	13.7%	16.7%	31.9%	21.7%	19.0%	20.8%	18.6%	16.3%	16.5%
Free cash flow ÷ net income	−106.0%	−325.1%	—	—	—	<−999%	—	—	—

US$ thousands unless shown otherwise. Fiscal quarters.

Kura Sushi USA, Inc.: financial ratios, quarterly
Quarter	2024 Q4Aug 2024	2025 Q1Nov 2024	2025 Q2Feb 2025	2025 Q3May 2025	2025 Q4Aug 2025	2026 Q1Nov 2025	2026 Q2Feb 2026	2026 Q3May 2026
Operating margin	−8.8%	−2.3%	−7.1%	−0.2%	1.8%	−5.0%	−2.8%	−0.0%
Net margin	−7.9%	−1.5%	−5.8%	0.8%	2.9%	−4.2%	−2.1%	0.5%
Free-cash-flow margin	−14.6%	−11.2%	−11.2%	−9.3%	−0.1%	−18.1%	−9.8%	−4.3%
Current ratio	1.78	3.47	2.67	1.87	1.76	1.61	1.46	1.26

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 3 checks passed · May 31, 2026

What it owns · $472m

Short-term assets $59mLonger-term assets $413m

What it owes, and who funded it · $472m

Short-term liabilities $47mLonger-term liabilities $194mShareholders' equity $231m

Short-term assets cover short-term liabilities $59m of assets due within a year against $47m of liabilities due within a year.
Short-term assets cover long-term liabilities $59m short-term assets against $194m of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of −$4m against $64,000 of interest.

From Kura Sushi USA, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

17 /100

Weak moat

How hard Kura Sushi USA's competitive advantage looks for rivals to wear away, judged from 7 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 0 / 20

Net income has been a median -1.8% of total assets over 7 years.
Durability 10 / 20

Operating margin has been a median -2.7%; its worst year was -15.1%.
Cash conversion 0 / 20

Free cash flow was positive in 0 of 7 years, at a median -11.9% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from Kura Sushi USA, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Kura Sushi USA, Inc.