Imax Corporation (IMAX) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.27	$0.43	+59.3%	—	$102.8M	—
Q1 26	$0.15	$0.17	+13.3%	—	$81.4M	—
Q3 25	$0.39	$0.47	+20.5%	—	$106.7M	—
Q2 25	$0.23	$0.26	+13.0%	—	$91.7M	—
Q1 25	$0.11	$0.13	+18.2%	—	$86.7M	—
Q4 24	$0.28	$0.27	-3.6%	—	$92.7M	—
Q3 24	$0.24	$0.35	+45.8%	—	$91.5M	—
Q2 24	$0.06	$0.18	+200.0%	—	$89M	—
Q1 24	$0.09	$0.15	+66.7%	—	$79.1M	—
Q4 23	$0.06	$0.17	+183.3%	—	$86M	—
Q3 23	$0.22	$0.35	+59.1%	—	$103.9M	—
Q2 23	$0.16	$0.26	+62.5%	—	$98M	—
Q1 23	$0.13	$0.16	+23.1%	—	$86.9M	—
Q4 22	$0.2	$0.19	-5.0%	—	$98M	—
Q3 22	$0.03	-$0.05	-266.7%	—	$68.8M	—
Q2 22	$0.12	$0.07	-41.7%	—	$74M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.65	—	—	$410.2M	—
FY24	—	$0.49	—	—	$352.2M	—
FY23	—	$0.47	—	—	$374.8M	—
FY22	—	-$0.4	—	—	$300.8M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$377.3M	$380.8M	$374.4M	$395.7M	$137M	$254.9M	$300.8M	$374.8M	$352.2M	$410.2M
YoY change	+0.94%	+0.91%	-1.67%	+5.68%	-65.4%	+86%	+18%	+24.6%	-6.04%	+16.5%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	377.3M	380.8M	374.4M	395.7M	137M	254.9M	300.8M	374.8M	352.2M	410.2M
Cost of revenue	174.7M	195.5M	166.5M	181.5M	115.5M	120.5M	144.4M	160.5M	162M	164M
Gross profit	202.7M	185.2M	207.9M	214.2M	21.5M	134.4M	156.4M	214.3M	190.2M	246.2M
Gross margin	53.7%	48.7%	55.5%	54.1%	15.7%	52.7%	52%	57.2%	54%	60%
Research & development	16.3M	20.9M	13.7M	5.2M	5.6M	6.9M	5.3M	10.1M	5.1M	5.8M
Selling, general & administrative	123.5M	109.9M	117.5M	123.5M	108.5M	117.8M	138.6M	144.8M	132.7M	138.5M
Operating expenses	140.2M	131.3M	131.7M	129.4M	114.7M	125.2M	144.5M	154.9M	137.8M	144.3M
Operating income	59.4M	48.3M	72.1M	77.4M	-98.6M	8.8M	-920K	53.1M	47.6M	93.7M
Operating margin	15.8%	12.7%	19.3%	19.6%	-71.9%	3.43%	-0.31%	14.2%	13.5%	22.8%
Non-operating income, net	-1.3M	-17.4M	-27.4M	-1.4M	-25.9M	7.1M	-4.4M	-2.6M	-4M	-25.9M
Pretax income	57.9M	30M	43.6M	75.3M	-129.1M	11M	-9.8M	46.1M	37.7M	63.3M
Income tax	16.2M	16.8M	9.5M	16.8M	26.5M	20.6M	10.1M	13.1M	5M	17.8M
Net income	39.3M	12.5M	33.6M	58.6M	-157.5M	-9.6M	-19.9M	33.1M	32.7M	45.5M
Net margin	10.4%	3.29%	8.97%	14.8%	-115%	-3.76%	-6.61%	8.82%	9.28%	11.1%
EBITDA	107.4M	116.2M	131.4M	142.5M	-43.5M	67.1M	57.2M	115.6M	114.9M	158.7M
EPS	0.43	0.04	0.36	0.76	-2.43	-0.38	-0.4	0.47	0.49	0.65
Diluted EPS	0.42	0.04	0.36	0.76	-2.43	-0.38	-0.4	0.46	0.48	0.63

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	103.9M	86M	79.1M	89M	91.5M	92.7M	86.7M	91.7M	106.7M	125.2M	81.4M	102.8M
Cost of revenue	41.2M	42.3M	32.2M	45M	40.4M	44.3M	33.5M	38.1M	39.4M	53.1M	35.6M	39.9M
Gross profit	62.7M	43.7M	46.9M	43.9M	51M	48.4M	53.2M	53.6M	67.3M	72.1M	45.8M	62.9M
Gross margin	60.4%	50.8%	59.3%	49.4%	55.8%	52.2%	61.4%	58.5%	63.1%	57.6%	56.3%	61.2%
Research & development	2.8M	2.7M	2.2M	2M	-265K	1.1M	1.3M	1.5M	1.5M	1.5M	1.8M	1.7M
Selling, general & administrative	36.4M	35.2M	31.4M	37.7M	31.5M	32.4M	33.5M	35.3M	34.2M	35.5M	32.5M	34.5M
Operating expenses	39.1M	38M	33.6M	39.7M	31.2M	33.6M	34.8M	36.8M	35.7M	36.9M	34.3M	36.2M
Operating income	22.5M	2.7M	12M	2.8M	19.4M	13.3M	16.8M	15.1M	29M	32.7M	10M	23.1M
Operating margin	21.6%	3.15%	15.2%	3.11%	21.2%	14.3%	19.4%	16.5%	27.2%	26.1%	12.2%	22.4%
Non-operating income, net	-159K	-119K	-5K	32K	-77K	-3.8M	-95K	-886K	51K	-24.9M	-31K	-2.3M
Pretax income	21.6M	1.5M	10.6M	1.1M	17.7M	8.3M	15.4M	13.4M	27.8M	6.6M	8.5M	19.4M
Income tax	6.6M	-1.9M	5.2M	-4M	2.4M	1.5M	7.3M	1.2M	5.2M	4.1M	2.4M	3.5M
Net income	15M	3.3M	5.4M	5.1M	15.3M	6.9M	8.2M	12.2M	22.6M	2.5M	6.1M	15.9M
Net margin	14.5%	3.85%	6.85%	5.7%	16.8%	7.41%	9.4%	13.3%	21.2%	2.02%	7.46%	15.5%
EBITDA	42.5M	16.9M	27.7M	22.2M	34.8M	30.3M	32.2M	32M	45.2M	49.3M	25.6M	39.3M
EPS	0.22	—	0.06	0.07	0.26	0.1	0.04	0.21	0.38	0.01	0.08	0.28
Diluted EPS	0.22	—	0.06	0.07	0.26	0.1	0.04	0.2	0.37	0.01	0.08	0.27

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.1B	1.5B	1.2B	1.3B	1.1B	1.1B	830.8M	815.7M	1.3B	2B	3.1B
Enterprise value	2B	1.4B	1.1B	1.2B	1.1B	1.1B	996.5M	991.6M	1.5B	2.1B	3.3B
Shares outstanding	67.6M	65.4M	63.1M	61.3M	59.2M	59.1M	56.7M	54.3M	52.6M	53.6M	53.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	54	120.9	35.3	21.4	—	—	—	24.7	41.2	43.5	76.8
P/S	5.62	3.97	3.17	3.17	7.79	4.14	2.76	2.18	3.83	4.83	7.39
P/B	3.39	2.51	1.98	1.95	2.3	2.45	2.52	2.36	3.56	4.63	8.64
EV/EBITDA	18.4	12.1	8.53	8.28	-24.3	16.3	17.4	8.58	13.2	13.3	23.8
EV/Sales	5.23	3.69	2.99	2.98	7.71	4.28	3.31	2.65	4.3	5.14	7.91
Earnings yield	1.85%	0.83%	2.83%	4.68%	—	—	—	4.05%	2.43%	2.3%	1.3%
FCF yield	0.7%	0.88%	4.48%	3.16%	-3.02%	-1.11%	-1.84%	3.16%	2.2%	4.3%	3.55%
PEG	—	—	—	—	—	—	—	—	—	—	2.3

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	53.7%	48.7%	55.5%	54.1%	15.7%	52.7%	52%	57.2%	54%	60%	61.2%
Operating margin	15.8%	12.7%	19.3%	19.6%	-71.9%	3.43%	-0.31%	14.2%	13.5%	22.8%	22.5%
Net margin	10.4%	3.29%	8.97%	14.8%	-115%	-3.76%	-6.61%	8.82%	9.28%	11.1%	9.84%
ROE	6.28%	2.07%	5.61%	9.11%	-33.9%	-2.23%	-6.03%	9.57%	8.65%	10.6%	11%
ROA	4.59%	1.44%	3.85%	6.59%	-15.8%	-1.08%	-2.42%	4.06%	3.94%	5.09%	6.65%
ROIC	8.98%	4.3%	10.6%	10.6%	-21.8%	0%	-0.19%	7.3%	7.59%	12.1%	12.5%
Return on tangible assets	5.74%	1.75%	4.84%	8.2%	-18.4%	-1.28%	-3.11%	5.29%	5.13%	6.44%	6.45%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.41	1.75	1.65	1.75	1.16	2.48	1.81	1.97	2.18	2.48	4.26
Quick ratio	2.2	1.63	1.49	1.57	1.08	2.35	1.68	1.83	2.02	2.32	2.39
Debt / equity	0.09	0.08	0.13	0.06	0.66	0.53	0.8	0.73	0.7	0.65	0.63
Debt / assets	0.06	0.06	0.09	0.04	0.31	0.26	0.32	0.31	0.32	0.31	0.31
Net debt / EBITDA	-1.4	-0.93	-0.5	-0.51	0.27	0.54	2.9	1.52	1.44	0.8	0.77
Interest coverage	33.1	16.5	16	28	-17.4	2.55	-0.66	7.76	5.66	9.6	9.32
Effective tax rate	28%	55.9%	21.8%	22.3%	0%	100%	0%	28.3%	13.3%	28.1%	24.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.58	5.82	5.94	6.45	2.31	4.31	5.31	6.9	6.69	7.65	7.68
EPS (basic)	0.43	0.04	0.36	0.76	-2.43	-0.38	-0.4	0.47	0.49	0.65	0.65
EPS (diluted)	0.42	0.04	0.36	0.76	-2.43	-0.38	-0.4	0.46	0.48	0.63	0.73
Book value per share	9.27	9.23	9.5	10.5	7.85	7.28	5.82	6.36	7.18	7.97	6.49
FCF per share	0.22	0.2	0.84	0.64	-0.54	-0.2	-0.27	0.47	0.56	1.59	1.77
Cash per share	3.03	2.43	2.24	1.79	5.36	3.21	1.72	1.4	1.91	2.82	2.92
Capex per share	0.86	1.02	0.76	0.78	0.12	0.23	0.5	0.45	0.62	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	15.4%	17.5%	12.9%	12.1%	5.37%	5.37%	9.38%	6.53%	9.3%	—	—
Capex / operating cash flow	89%	116.8%	59.6%	52.2%	-13.5%	978.1%	184.5%	38.9%	37.3%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Yield

—

trailing twelve months

Frequency

Weekly

Last dividend

$0.00

ex-dividend Jun 11, 2014

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 11, 2014	$0.00
Jun 5, 2014	$0.00
May 20, 2014	$0.00
May 16, 2014	$0.00
Apr 2, 2014	$0.00

Split history

Date	Ratio
May 27, 1997	2:1

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$103.9M	$86M	$79.1M	$89M	$91.5M	$92.7M	$86.7M	$91.7M	$106.7M	$125.2M	$81.4M	$102.8M
YoY change	+51.1%	-12.3%	-9%	-9.2%	-12%	+7.74%	+9.53%	+3.06%	+16.6%	+35.1%	-6.1%	+12.2%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	204.8M	158.7M	141.6M	109.5M	317.4M	189.7M	97.4M	76.2M	100.6M	151.2M
Receivables	218.5M	260M	220.7M	227.6M	188.1M	251.1M	143.8M	144.7M	114.8M	113.2M
Inventory	42.1M	30.8M	44.6M	43M	39.6M	26.9M	31.5M	31.6M	32.8M	32.5M
Total current assets	489.4M	459.8M	453.2M	430.3M	596M	523.8M	450.8M	447.9M	456.7M	520M
Property, plant & equipment	175.6M	202.3M	203.2M	226M	196.5M	179.4M	171.8M	161.9M	158.9M	161.3M
Goodwill & intangibles	171.9M	150.5M	179M	174.6M	142.1M	132.7M	181.7M	189.2M	193.3M	187.5M
Total assets	857.3M	866.6M	873.6M	889.1M	997.8M	883.2M	821.2M	814.7M	830.4M	894M
Accounts payable	20M	24.2M	32.1M	20.4M	20.8M	15.9M	25.2M	26.4M	19.8M	19.5M
Short-term debt	27.3M	25.4M	37.8M	18.2M	305.7M	2.5M	36.1M	22.9M	36.4M	34.6M
Total current liabilities	203.5M	263M	274.2M	246M	513.8M	211.6M	249.6M	227.4M	209.8M	209.7M
Long-term debt	27.3M	25.4M	37.8M	18.2M	—	223.6M	226.9M	229.1M	229.9M	244M
Total liabilities	230.8M	263M	274.2M	246M	533M	452.9M	491.4M	469.1M	452.2M	466.3M
Shareholders' equity	626.6M	603.6M	599.4M	643.1M	464.8M	430.4M	329.8M	345.6M	378.2M	427.7M
Total debt	54.6M	50.7M	75.5M	36.5M	305.7M	226.1M	263M	252.1M	266.3M	278.6M
Net debt	-150.1M	-108M	-66.1M	-73M	-11.7M	36.4M	165.6M	175.9M	165.7M	127.4M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	109.6M	76.2M	81M	91.6M	104.5M	100.6M	97.1M	109.3M	143.1M	151.2M	146M	159.9M
Receivables	232.3M	144.7M	236.9M	217.1M	209.6M	114.8M	131.8M	219.4M	115.3M	113.2M	115.6M	119.7M
Inventory	45.4M	31.6M	36.2M	37.8M	37.6M	32.8M	31.7M	36.7M	41.4M	32.5M	35.8M	39.2M
Total current assets	488.3M	447.9M	460.6M	456.1M	467.6M	456.7M	468.2M	490.5M	510.7M	520M	519M	543.9M
Property, plant & equipment	—	161.9M	—	—	—	158.9M	—	—	—	161.3M	—	—
Goodwill & intangibles	184.8M	189.2M	191.5M	192.4M	192.4M	193.3M	197M	194.9M	196.5M	187.5M	186.8M	187.9M
Total assets	850.9M	814.7M	824.1M	827.4M	847.6M	830.4M	848.3M	868.6M	889.6M	894M	893.2M	917.9M
Accounts payable	37.7M	26.4M	18.7M	20.1M	26M	19.8M	25.1M	31.7M	22.5M	19.5M	17.2M	22.5M
Short-term debt	23.9M	22.9M	68M	53.1M	46.2M	36.4M	49.5M	47.5M	26.5M	34.6M	46.7M	38.8M
Total current liabilities	251.7M	227.4M	248.8M	242.2M	237.2M	209.8M	221.4M	220.5M	209.6M	209.7M	208.2M	211.1M
Long-term debt	228.4M	229.1M	229.4M	229.7M	230M	229.9M	230.1M	230.5M	230.7M	244M	244.1M	243.8M
Total liabilities	493.5M	469.1M	490.8M	484.4M	479.8M	452.2M	464M	463.5M	452.9M	466.3M	464.8M	467.5M
Shareholders' equity	357.4M	345.6M	333.4M	343M	367.8M	378.2M	384.3M	405.1M	436.7M	427.7M	428.3M	450.4M
Total debt	252.4M	252.1M	297.5M	282.9M	276.3M	266.3M	279.6M	278M	257.2M	278.6M	290.8M	282.6M
Net debt	142.7M	175.9M	216.5M	191.3M	171.8M	165.7M	182.5M	168.8M	114.1M	127.4M	144.8M	122.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	39.3M	12.5M	33.6M	58.6M	-157.5M	-9.6M	-19.9M	33.1M	32.7M	45.5M
Depreciation & amortization	46.5M	66.8M	57.4M	63M	52.7M	56.1M	56.7M	60M	65.5M	62.4M
Stock-based compensation	31.6M	24.1M	23.7M	23.6M	22M	26.1M	27.6M	24.2M	23.2M	26.8M
Change in working capital	-34.7M	-7.6M	-3.8M	-60.6M	3.7M	-76.7M	-50.2M	-55.2M	-29.8M	-46.8M
Operating cash flow	65.4M	57.2M	80.8M	91.8M	-54.6M	1.4M	15.3M	62.9M	88M	127.1M
Capital expenditure	-58.2M	-66.8M	-48.2M	-47.9M	-7.4M	-13.7M	-28.2M	-24.5M	-32.8M	—
Investing cash flow	-60.1M	-70M	-48.2M	-103.6M	-7.4M	4.1M	-48.9M	-23.4M	-32.8M	0
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-118.5M	-51.3M	-78.5M	-35.7M	-41.2M	-24M	-83.2M	-26.8M	-18M	-1.5M
Financing cash flow	-121M	-53.9M	-66.6M	-79.5M	240.6M	-441.2M	-62.1M	-101.8M	-11.3M	-38.1M
Net change in cash	-115.7M	-66.7M	-34M	-91.3M	178.7M	-435.7M	-95.7M	-62.3M	43.9M	89M
Free cash flow	14.9M	13.4M	53.1M	39.5M	-32.3M	-11.7M	-15.3M	25.8M	29.6M	85.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	15M	3.3M	5.4M	5.1M	15.3M	6.9M	8.2M	12.2M	22.6M	2.5M	6.1M	15.9M
Depreciation & amortization	19.3M	13.5M	15.2M	18.8M	14.9M	16.6M	14.9M	15.9M	15.6M	16M	15.2M	15.7M
Stock-based compensation	5.3M	6.4M	4.8M	7M	5.5M	5.9M	5.3M	7.5M	6.3M	7.8M	5.8M	7.4M
Change in working capital	-21.7M	-15.1M	-37.5M	9.5M	5.4M	-6.9M	-22.2M	-16.9M	16M	-32.4M	-4.1M	-22.9M
Operating cash flow	18M	10.9M	-11.1M	32.6M	42M	24.7M	6.6M	20.3M	67.5M	29.4M	4M	32M
Capital expenditure	-8.2M	-11.2M	-5.5M	-6.9M	-13.1M	-7.2M	-13.4M	-5.3M	—	—	—	—
Investing cash flow	-8.2M	-11.2M	-5.5M	-6.9M	-13.1M	-7.2M	-13.4M	-5.3M	—	—	—	—
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-252K	-22.6M	-17.9M	-246K	0	131K	0	-1.5M	0	0	—	—
Financing cash flow	-4.6M	-65.4M	22.8M	28.8M	-7.7M	-10.3M	3.3M	-3.9M	-21.2M	-16.3M	-6.6M	-9.2M
Net change in cash	5.2M	-65.7M	6.1M	54.5M	21.3M	7.2M	-3.5M	11.2M	46.3M	13.1M	-2.5M	22.7M
Free cash flow	18.6M	-10.2M	-18.1M	26.5M	20.6M	615K	-7.7M	15.8M	54.8M	22.2M	-2.9M	25.9M

Imax Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement