$KRUS

KURA SUSHI USA, INC.

CIK:0001772177|SEC Filings

Condensed Statements of Operations and Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2026	May 31, 2025	May 31, 2026	May 31, 2025
Sales	$ 85,922	$ 73,965	$ 239,395	$ 203,315
Restaurant operating costs:
Depreciation and amortization expenses	4,236	3,450	12,358	9,827
Other costs	12,556	10,883	35,950	29,004
Total restaurant operating costs	75,659	65,277	214,258	180,753
General and administrative expenses	10,193	8,741	30,711	28,459
Depreciation and amortization expenses	109	109	373	328
Total operating expenses	85,961	74,127	245,342	209,540
Operating loss	(39)	(162)	(5,947)	(6,225)
Other expense (income):
Interest expense	17	30	50	56
Interest income	(528)	(812)	(1,784)	(2,236)
Income (loss) before income taxes	472	620	(4,213)	(4,045)
Income tax expense	49	55	136	132
Net income (loss)	$ 423	$ 565	$ (4,349)	$ (4,177)
Net income (loss) per Class A and Class B shares
Basic	$ 0.03	$ 0.05	$ (0.36)	$ (0.35)
Diluted	$ 0.03	$ 0.05	$ (0.36)	$ (0.35)
Weighted average Class A and Class B shares outstanding
Basic	12,146	12,086	12,126	11,855
Diluted	12,359	12,311	12,126	11,855
Other comprehensive income (loss):
Unrealized gain (loss) on short-term investments	$ 60	$ (8)	$ (14)	$ (8)
Comprehensive income (loss)	363	557	(4,363)	(4,185)
Food and Beverage Costs
Restaurant operating costs:
Cost of goods and services sold	25,911	20,928	72,162	58,225
Labor and Related Costs
Restaurant operating costs:
Cost of goods and services sold	26,280	24,478	74,756	68,306
Occupancy and Related Expenses
Restaurant operating costs:
Cost of goods and services sold	$ 6,676	$ 5,538	$ 19,032	$ 15,391

Condensed Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
Condensed Statements of Cash Flows - USD ($) $ in Thousands	May 31, 2026	May 31, 2025
Cash flows from operating activities
Net loss	$ (4,349)	$ (4,177)
Adjustments to reconcile net loss to net cash provided by operating activities
Depreciation and amortization	12,731	10,155
Stock-based compensation, net of amounts capitalized	3,541	3,501
Loss on disposal of property and equipment	19
Bond premium amortization	146	284
Changes in operating assets and liabilities:
Accounts and other receivables	(360)	(473)
Inventories	(419)	(74)
Due from affiliate	110	153
Prepaid expenses and other current assets	(198)	(298)
Deposits and other assets	221	(261)
Accounts payable	671	343
Accrued expenses and other current liabilities	(118)	(448)
Salaries and wages payable	946	1,615
Operating lease liabilities and assets	5,324	4,851
Due to affiliate	(73)	6
Sales tax payable	235	161
Net cash provided by operating activities	18,427	15,338
Cash flows from investing activities
Payments for property and equipment	(43,272)	(36,698)
Payments for initial direct costs	(305)	(277)
Purchases of liquor licenses	(1,012)	(1,011)
Purchases of investments	(35,302)	(70,197)
Maturities and redemptions of investments	37,900	24,000
Net cash used in investing activities	(41,991)	(84,183)
Cash flows from financing activities
Repayment of principal on finance leases	(66)	(49)
Taxes paid on vested restricted stock awards	(361)	(256)
Proceeds from exercise of stock options	865	942
Proceeds from the follow-on public offering, net of discounts and commissions		64,626
Payments of costs related to the follow-on offering		(272)
Net cash provided by financing activities	438	64,991
Increase (decrease) in cash and cash equivalents	(23,126)	(3,854)
Cash and cash equivalents, beginning of period	47,498	50,986
Cash and cash equivalents, end of period	24,372	47,132
Supplemental disclosures of cash flow information
Cash paid for income taxes	207	231
Noncash investing activities
Acquisition of finance leases	66	114
Amounts unpaid for purchases of property and equipment	4,059	2,574
Stock-based compensation capitalized to property and equipment, net	$ 94	$ 110

Condensed Balance Sheets - USD ($) $ in Thousands	May 31, 2026	Aug. 31, 2025
Current assets:
Cash and cash equivalents	$ 24,372	$ 47,498
Short-term investments	19,943	14,964
Accounts and other receivables	7,063	6,410
Inventories	2,560	2,141
Prepaid expenses and other current assets	4,936	4,308
Total current assets	58,890	75,447
Non-current assets:
Property and equipment – net	203,765	171,190
Operating lease right-of-use assets	179,039	146,416
Long-term investments	21,771	29,542
Deposits and other assets	8,113	8,347
Total assets	471,578	430,942
Current liabilities:
Accounts payable	12,107	11,533
Accrued expenses and other current liabilities	4,880	4,116
Salaries and wages payable	11,256	10,310
Operating lease liabilities – current	15,687	14,083
Due to affiliate	462	525
Sales tax payable	2,490	2,213
Total current liabilities	46,882	42,780
Non-current liabilities:
Operating lease liabilities – non-current	192,262	155,932
Other liabilities	1,588	1,160
Total liabilities	240,732	199,872
Commitments and contingencies (Note 8)
Stockholders' equity:
Preferred stock, $0.001 par value; 1,000 shares authorized, no shares issued or outstanding
Additional paid-in capital	270,112	265,973
Accumulated deficit	(39,241)	(34,892)
Accumulated other comprehensive loss	(37)	(23)
Total stockholders' equity	230,846	231,070
Total liabilities and stockholders' equity	471,578	430,942
Affiliated Entity [Member]
Current assets:
Due from affiliate	16	126
Class A
Stockholders' equity:
Common stock	11	11
Class B
Stockholders' equity:
Common stock	$ 1	$ 1