IMAX CORP
Business
IMAX Corporation is a global technology platform for entertainment and events that develops proprietary projection, sound, and auditorium systems for premium cinema experiences. The company generates revenue from digital remastering of films into IMAX format, distribution of documentary and event content, sale and lease of IMAX theater systems to exhibitors, and ongoing maintenance services. Operating segments serve two distinct customer bases: Content Solutions focuses on movie studios and content creators, while Technology Products and Services targets commercial multiplex exhibitors, institutional customers, and destination entertainment sites across 91 countries.
Summary from 10-K filed 2026-02-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 410 | 352 | 375 | 301 | 255 | |
| Total Costs and Expenses Applicable to Revenues | 164 | 162 | 160 | 144 | 120 | |
| Gross margin | 246 | 190 | 214 | 156 | 134 | |
| Selling, general and administrative expenses | 138 | 133 | 144 | 138 | 117 | |
| Research and development | 6 | 5 | 10 | 5 | 7 | |
| Amortization of intangible assets | 8 | 6 | 5 | 5 | 5 | |
| Credit loss expense (reversal), net | 696,000 | −973,000 | 2 | 9 | — | |
| Asset impairments | 0 | 0 | 144,000 | — | — | |
| Goodwill impairment | 7 | 0 | 0 | — | — | |
| Restructuring charges and other impairments | 3 | 4 | 3 | 0 | — | |
| Income from operations | 84 | 44 | 50 | −5 | 11 | |
| Realized and unrealized investment (losses) gains | −867,000 | 127,000 | 465,000 | 70,000 | 5 | |
| Retirement benefits non-service expense | −243,000 | −387,000 | −411,000 | −556,000 | −463,000 | |
| Interest income | 3 | 2 | 2 | 1 | — | |
| Interest expense | −7 | −8 | −7 | −6 | — | |
| Induced conversion expense on settlement on convertible notes | −15 | 0 | 0 | — | — | |
| Income before taxes | 63 | 38 | 46 | −10 | 11 | |
| Income tax expense | −18 | −5 | −13 | −10 | −21 | |
| Net income | 46 | 33 | 33 | −20 | −10 | |
| Net income attributable to non-controlling interests | −11 | −7 | −8 | −3 | −13 | |
| Net income attributable to common shareholders | 35 | 26 | 25 | −23 | −22 | |
| Basic (in dollars per share) | 0.65 | 0.49 | 0.47 | −0.4 | −0.38 | |
| Diluted (in dollars per share) | 0.63 | 0.48 | 0.46 | −0.4 | −0.38 | |
| Basic (in shares) | 54 | 53 | 54 | 57 | 59 | |
| Diluted (in shares) | 56 | 54 | 55 | 57 | 59 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 151 | 101 | 76 | 97 | 190 | |
| Accounts receivable, net of allowance for credit losses | 108 | 108 | 136 | 136 | 110 | |
| Financing receivables, net of allowance for credit losses | 122 | 120 | 127 | — | — | |
| Variable consideration receivables, net of allowance for credit losses | 91 | 83 | 64 | 44 | 44 | |
| Inventories | 33 | 33 | 32 | 32 | 27 | |
| Prepaid expenses | 15 | 13 | 12 | 12 | 12 | |
| Film assets, net of accumulated amortization | 16 | 9 | 7 | 5 | 4 | |
| Property, plant and equipment, net of accumulated depreciation | 243 | 240 | 243 | 253 | 260 | |
| Other assets | 25 | 22 | 21 | 16 | 18 | |
| Deferred income tax assets, net of valuation allowance | 13 | 14 | 8 | 10 | 14 | |
| Goodwill | 46 | 53 | 53 | 53 | 39 | |
| Other intangible assets, net of accumulated amortization | 32 | 35 | 35 | 33 | 23 | |
| Total assets | 894 | 830 | 815 | 821 | 883 | |
| Accounts payable | 19 | 20 | 26 | 25 | 16 | |
| Accrued and other liabilities | 105 | 101 | 111 | 117 | 112 | |
| Deferred revenue | 50 | 53 | 67 | 71 | 81 | |
| Revolving credit facility borrowings, net of unamortized debt issuance costs | 35 | 36 | 23 | 36 | 2 | |
| Convertible notes and other borrowings, net of unamortized discounts and debt issuance costs | 244 | 230 | 229 | 227 | 224 | |
| Deferred income tax liabilities | 13 | 13 | 13 | 15 | 18 | |
| Total liabilities | 466 | 452 | 469 | 491 | 453 | |
| Commitments, contingencies and guarantees (see Notes 14 and 15) | — | — | — | — | — | |
| Non-controlling interests | 666,000 | 680,000 | 658,000 | 722,000 | 758,000 | |
| Capital stock common shares no par value. Authorized Unlimited number. 53,921,676 issued and outstanding (December 31, 2024 52,946,200 issued and outstanding) | 419 | 401 | 389 | 377 | 410 | |
| Other equity | 165 | 185 | 185 | 186 | 175 | |
| Statutory surplus reserve | 4 | 4 | 4 | 4 | 4 | |
| Accumulated deficit | −240 | −275 | −293 | −293 | −235 | |
| Accumulated other comprehensive loss | −10 | −17 | −12 | −10 | 3 | |
| Total shareholders equity attributable to common shareholders | 338 | 299 | 273 | 263 | 356 | |
| Non-controlling interests | 89 | 78 | 72 | 66 | 74 | |
| Total shareholders equity | 427 | 378 | 345 | 329 | 430 | |
| Total liabilities and shareholders equity | 894 | 830 | 815 | 821 | 883 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 62 | 66 | 60 | 57 | 56 | |
| Amortization of deferred financing costs | 2 | 2 | 2 | 3 | 3 | |
| Write-downs, including goodwill and asset impairments | 9 | 4 | 2 | 7 | 2 | |
| Deferred income tax expense (benefit) | 772,000 | −6 | −1 | −2 | 3 | |
| Share-based and other non-cash compensation | 27 | 23 | 24 | 28 | 26 | |
| Unrealized foreign currency exchange gain | −134,000 | −3 | −212,000 | 1 | 256,000 | |
| Accounts receivable | −1 | 29 | −2 | −29 | −52 | |
| Inventories | −76,000 | −2 | −285,000 | −6 | 11 | |
| Film assets | −25 | −25 | −20 | −20 | −15 | |
| Deferred revenue | −2 | −14 | −4 | −12 | −7 | |
| Changes in other operating assets and liabilities | −7 | −35 | −36 | 801,000 | −2 | |
| Net cash provided by operating activities | 127 | 71 | 59 | 17 | 6 | |
| Purchase of property, plant and equipment | −8 | −8 | −6 | −8 | −4 | |
| Investment in equipment for joint revenue sharing arrangements | −28 | −24 | −18 | −20 | −10 | |
| Acquisition of other intangible assets | −5 | −8 | −8 | −4 | −4 | |
| Proceeds from sale of equity securities | 0 | 0 | 1 | 0 | 18 | |
| Net cash used in investing activities | −42 | −41 | −32 | −53 | −7,000 | |
| Proceeds from issuance of convertible notes, net | 243 | 0 | 0 | — | 224 | |
| Redemption of capped calls related to convertible notes | 31 | 0 | 0 | — | — | |
| Debt issuance costs related to convertible notes | −24,000 | 0 | 0 | — | −1 | |
| Cash paid related to repurchase of convertible notes | −275 | 0 | 0 | — | — | |
| Purchase of capped calls related to convertible notes | −22 | 0 | 0 | — | −19 | |
| Proceeds from revolving credit facility borrowings | 109 | 55 | 40 | 38 | 4 | |
| Repayments of revolving credit facility borrowings | −109 | −42 | −53 | −4 | −308 | |
| Proceeds from other borrowings | 0 | 0 | 322,000 | 0 | — | |
| Repayment of other borrowings | −1 | −874,000 | −53,000 | 0 | — | |
| Credit facility amendment fees paid | −2 | 0 | −46,000 | −2 | −527,000 | |
| Taxes withheld and paid on employee stock awards vested | −10 | −5 | −6 | −4 | −4 | |
| Common shares issued - stock options exercised | 4 | 5 | 0 | 0 | 883,000 | |
| Principal payment under finance lease obligations | 0 | −509,000 | −480,000 | −948,000 | — | |
| Dividends paid to non-controlling interests | 0 | 0 | −1 | −3 | −5 | |
| Net cash used in financing activities | −34 | −6 | −49 | −59 | −133 | |
| Effects of exchange rate changes on cash | −497,000 | 812,000 | 504,000 | 2 | −1 | |
| Increase (decrease) in cash and cash equivalents during year | 51 | 24 | −21 | −92 | −128 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is IMAX CORP's CIK number?
IMAX CORP's SEC CIK number is 0000921582 (921582). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find IMAX CORP's SEC filings?
All of IMAX CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did IMAX CORP last report earnings?
IMAX CORP (IMAX) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-028907). This is IMAX CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is IMAX CORP's most recent earnings 8-K?
IMAX CORP's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001628280-26-028907. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View IMAX CORP's latest earnings 8-K →
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