IMAX CORP IMAX
IMAX Corporation (the "Company" or "IMAX") is a Canadian corporation that was formed in March 1994 as a result of an amalgamation between WGIM Acquisition Corp. and the former IMAX Corporation ("Predecessor IMAX"). Predecessor IMAX was incorporated in 1967.
As of December 31, 2025, the Company indirectly owned 71.57% of IMAX China Holding, Inc. ("IMAX China"), whose shares trade on the Hong Kong Stock Exchange. IMAX China is a consolidated subsidiary of the Company.
IMAX is a premier global technology platform for entertainment and events. Through its proprietary software, auditorium architecture, patented intellectual property, and specialized equipment, IMAX offers a unique end-to-end solution to create superior, awe-inspiring immersive content experiences for which the IMAX® brand is globally renowned. Top filmmakers, movie studios, artists, and creators utilize the cutting-edge visual and sound technology of IMAX to connect with audiences in innovative ways. As a result, IMAX is among the most important and successful global distribution platforms for domestic and international tentpole films. The Company's global content portfolio includes blockbuster films, both from Hollywood and local language film industries worldwide; IMAX documentaries, both original and acquired ("IMAX Documentaries"); and IMAX events and experiences in emerging verticals, including music, gaming, and sports.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Greater China
- Asia (excluding Greater China)
- Western Europe
- Rest of the World
- Canada
- Latin America
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $144.9M | $137.8M | $117.9M |
| Greater China | $102.3M | $81.0M | $91.9M |
| Asia (excluding Greater China) | $66.6M | $57.7M | $59.7M |
| Western Europe | $51.8M | $40.8M | $54.9M |
| Rest of the World | $24.1M | $16.6M | $17.9M |
| Canada | $11.5M | $9.3M | $13.8M |
| Latin America | $9.0M | $9.0M | $18.7M |
As the company reported it, from the “Segment Reporting - Schedule of Geographic Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Revenue by segment
- Technology Products and Services
- Content Solutions
- All Other
| Segment | FY2025 |
|---|---|
| Technology Products and Services | $251.3M |
| Content Solutions | $151.3M |
| All Other | $7.7M |
As the company reported it, from the “Segment Reporting - Schedule of Segment Reporting Information by Reportable Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $410.2M | $352.2M | $374.8M | $300.8M | $254.9M | $137.0M | $395.7M | $374.4M | $380.8M | $377.3M |
| Cost of revenue | $164.0M | $162.0M | $160.5M | $144.4M | $120.5M | $115.5M | $181.5M | $166.5M | $195.5M | $174.7M |
| Gross profit | $246.2M | $190.2M | $214.3M | $156.4M | $134.4M | $21.5M | $214.2M | $207.9M | $185.2M | $202.7M |
| R&D | $5.8M | $5.1M | $10.1M | $5.3M | $6.9M | $5.6M | $5.2M | $13.7M | $20.9M | $16.3M |
| SG&A | $138.5M | $132.7M | $144.4M | $138.0M | $117.3M | $108.5M | — | — | — | — |
| Operating income | $84.2M | $43.9M | $50.4M | -$4.8M | $11.0M | -$121.8M | $77.3M | $45.2M | $31.4M | $58.6M |
| Interest expense | $7.4M | $8.1M | $6.8M | $5.9M | $7.1M | $7.0M | $2.8M | $2.9M | $1.9M | $1.8M |
| Pre-tax income | $63.3M | $37.7M | $46.1M | -$9.8M | $11.0M | -$129.1M | $75.3M | $43.6M | $30.0M | $57.9M |
| Income tax | $17.8M | $5.0M | $13.1M | $10.1M | $20.6M | $26.5M | $16.8M | $9.5M | $16.8M | $16.2M |
| Net income | $34.9M | $26.1M | $25.3M | -$22.8M | -$22.3M | -$143.8M | $46.9M | $22.8M | $2.3M | $28.8M |
| EPS, basic | 0.65 | 0.49 | 0.47 | -0.40 | -0.38 | -2.43 | — | 0.36 | 0.04 | 0.43 |
| EPS, diluted | 0.63 | 0.48 | 0.46 | -0.40 | -0.38 | -2.43 | 0.76 | 0.36 | 0.04 | 0.42 |
| Shares, diluted (wtd. avg.) | 55.5M | 53.9M | 55.1M | 56.7M | 59.1M | 59.2M | 61.5M | 63.2M | 65.5M | 68,263 |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $151.2M | $100.6M | $76.2M | $97.4M | $189.7M | $317.4M | $109.5M | $141.6M | $158.7M | $204.8M |
| Receivables | $108.1M | $107.7M | $136.3M | $136.1M | $110.0M | $56.3M | $99.5M | $93.3M | $130.5M | $96.3M |
| Inventory | $32.5M | $32.8M | $31.6M | $31.5M | $26.9M | $39.6M | $43.0M | $44.6M | $30.8M | $42.1M |
| Property, plant and equipment | $242.9M | $240.1M | $243.3M | $252.9M | $260.4M | $277.4M | $306.8M | $280.7M | $276.8M | $245.4M |
| Goodwill | $45.8M | $52.8M | $52.8M | $52.8M | $39.0M | $39.0M | $39.0M | $39.0M | $39.0M | $39.0M |
| Other intangibles | $32.4M | $35.1M | $35.0M | $32.7M | $23.1M | $26.2M | $30.3M | $34.1M | $31.2M | $30.4M |
| Total assets | $894.0M | $830.4M | $814.7M | $821.2M | $883.2M | $997.8M | $889.1M | $873.6M | $866.6M | $857.3M |
| Long-term debt | — | — | — | — | $2.5M | $305.7M | $18.2M | $37.8M | $25.4M | $27.3M |
| Total liabilities | $466.3M | $452.2M | $469.1M | $491.4M | $452.9M | $533.0M | $246.0M | $274.2M | $263.0M | $230.8M |
| Retained earnings | -$240.0M | -$274.7M | -$292.8M | -$293.1M | -$235.0M | -$202.8M | -$40.3M | -$85.4M | -$87.6M | -$47.4M |
| Total equity | $337.9M | $299.5M | $344.9M | $329.0M | $429.6M | $464.0M | $637.2M | $592.9M | $602.3M | $621.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $127.1M | $70.8M | $58.6M | $17.3M | $6.1M | -$23.0M | $90.4M | $110.0M | $85.4M | $77.9M |
| Depreciation and amortisation | $62.4M | $65.5M | $60.0M | $56.7M | $56.1M | $52.7M | $63.0M | $57.4M | $66.8M | $46.5M |
| Stock-based compensation | $26.6M | $22.8M | $23.6M | $27.0M | $25.6M | $21.5M | $22.8M | $22.6M | $23.0M | $30.5M |
| Capital expenditure | $8.2M | $8.4M | $6.5M | $8.4M | $3.6M | $697.0K | $7.4M | $13.4M | $24.1M | $15.3M |
| Investing cash flow | -$41.9M | -$41.2M | -$31.8M | -$53.3M | -$7.0K | -$9.3M | -$66.0M | -$56.9M | -$73.6M | -$64.9M |
| Financing cash flow | -$34.1M | -$6.0M | -$48.5M | -$58.5M | -$132.7M | $240.6M | -$57.1M | -$70.9M | -$57.5M | -$125.8M |
| Buybacks | — | — | — | — | $13.9M | $36.6M | $2.7M | $71.5M | $46.1M | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-027220.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $377.3M | $380.8M | $374.4M | $395.7M | $137.0M | $254.9M | $300.8M | $374.8M | $352.2M | $410.2M |
| Gross profit | $202.7M | $185.2M | $207.9M | $214.2M | $21.5M | $134.4M | $156.4M | $214.3M | $190.2M | $246.2M |
| Net income | $28.8M | $2.3M | $22.8M | $46.9M | -$143.8M | -$22.3M | -$22.8M | $25.3M | $26.1M | $34.9M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 3861
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| MITQ | MOVING iMAGE TECHNOLOGIES INC. | $5.2M | — | -9.9% |