IMAX
Supplies premium cinema systems and remasters films for a global exhibitor network.
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Profile
Sells and leases premium theater systems, maintains the installed network, and remasters and distributes films for presentation in its format. Exhibitors run nearly every venue, while system agreements and film releases generate upfront, recurring, and box-office-linked revenue.
Sells and leases premium theater systems, licenses its trademarks, and supplies ongoing maintenance through Technology Products and Services. Content Solutions remasters films for its projection and sound formats, distributes that content across the network, and handles documentaries, events, and post-production work. Proprietary projection, audio, auditorium design, remastering, and network monitoring support consistent premium presentations.
Operates chiefly as a technology and content partner: exhibitors own and run nearly every venue, while sales, long-term leases, and joint revenue-sharing agreements generate system income. Film remastering and distribution add a share of box office receipts. Most commercial systems are outside the United States and Canada, and Greater China is the largest market. Revenue depends on exhibitor investment and installations, studio and filmmaker access, release schedules, and the box office performance of third-party content.
Company facts
Categories
Key statistics
Year to date +39.9% · Average volume (30d) 1.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 24, 2026 | Roth Capital | Reiterate | Buy | $48 | $50 | |
| Jul 24, 2026 | Barrington | Target | $46 | $50 | ||
| Jul 24, 2026 | Wedbush | Reiterate | Outperform | $46 | $54 | |
| Jul 23, 2026 | Goldman Sachs | Reiterate | Neutral | $40 | $42 | |
| Jul 23, 2026 | Roth Capital | Reiterate | Buy | $42 | $48 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $0.30 | $0.43 | +41.1% | $96.1M | $102.8M | +7.0% | −1.32% |
| Apr 30, 2026Q1 FY26 | $0.15 | $0.17 | +13.3% | $79.8M | $81.4M | +1.9% | −3.97% |
| Feb 25, 2026Q4 FY25 | $0.43 | $0.58 | +34.9% | $120.7M | $125.2M | +3.7% | +14.38% |
| Oct 23, 2025Q3 FY25 | $0.35 | $0.47 | +34.1% | $102.9M | $106.2M | +3.2% | −2.28% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $86.7M | $91.7M | $106.7M | $125.2M | $81.4M | $102.8M | |
| Gross profit | $53.2M | $52.1M | $67.3M | $70.1M | $45.8M | $62.9M | |
| Operating income | $16.7M | $15.5M | $29.0M | $32.3M | $10.0M | $20.8M | |
| Net income | $2.3M | $11.3M | $20.7M | $637.0K | $4.2M | $15.4M | |
| Diluted EPS | $0.04 | $0.20 | $0.37 | $0.01 | $0.07 | $0.27 | |
| Gross margin | 61.4% | 56.8% | 63.1% | 56.0% | 56.3% | 61.2% | |
| Operating margin | 19.3% | 16.9% | 27.2% | 25.8% | 12.2% | 20.2% |
Fiscal years (4-quarter sums)FY21 $254.9M · FY22 $300.8M · FY23 $374.8M · FY24 $352.2M · FY25 $410.2M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $159.9M · Total debt $282.6M · Total assets $917.9M · Shareholders' equity $355.9M
Dividends
No dividends on record.
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 54.84M · Float 41.69M · 76.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Orbis Allan Gray Ltd | 5.15M | 9.39% | 13F | Aug 14, 2026 |
| Orbis Investment Management Limited | 5.13M | 9.50% | 13G | Feb 17, 2026 |
| Kevin Douglas · director, 10 percent owner, other: 13(d)(3) group | 4.26M | 7.77% | Form 4 | Jun 15, 2026 |
| Nomura Asset Management International Inc. | 3.70M | 6.80% | 13G | May 15, 2026 |
| Macquarie Management Holdings, Inc. | 2.94M | 5.35% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Mark Welton | officer: President IMAX Global Theatres | −30,000 | $54.47 |
| Aug 25, 2026 | Kenneth Ian Weissman | officer: Deputy GC, Corp. Sec. & CCO | −8,000 | $54.54 |
| Aug 24, 2026 | Natasha Fernandes | officer: Chief Financial Officer & EVP | −20,000 | $54.63 |
| Aug 20, 2026 | Calamera Pablo | officer: CTO & EVP | −15,000 | $52.41 |
| Aug 20, 2026 | Richard L. Gelfond | director, officer: Chief Executive Officer | −100,000 | $53.23 |
Peers
- Dolby
Premium cinema brand built on Dolby Vision and Atmos
- Cinemark
XD auditoriums compete for exhibitor PLF spend
- AMC Entertainment
Global exhibitor expanding PLF, XLF, and premium formats
- GraniteShares Gold Trust
Cinema projection and HDR technology supplier to PLF rivals
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| IMAX | $50.64 | +0.51% | $2.76B | 69.4 | 26.2 | 6.6 | +12.1% |
| Dolby | $61.50 | −0.02% | $5.85B | 26.2 | 13.6 | 4.3 | −3.3% |
| Cinemark | $35.66 | −0.86% | $4.17B | 20.0 | 15.5 | 1.2 | +15.5% |
| AMC Entertainment | $2.60 | −0.02% | $2.31B | — | — | 0.4 | +14.2% |
| GraniteShares Gold Trust | $43.85 | −0.06% | $1.45B | — | — | — | — |
| Median | 23.1 | 14.5 | 1.2 | +14.2% |