Imax Corp Financials
Imax Corp (IMAX) reported $410.2M in revenue for fiscal year 2025, up 16.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cash-rich earnings growth at IMAX is coming from strong cash conversion and light reinvestment needs, not just sales expansion.
From FY2023 to FY2025, free cash flow climbed from$52.1M to$118.9M even though revenue growth over the same span was much smaller. With capital spending still near$8.2M and operating margin at20.5% , incremental sales are arriving as cash rather than being consumed by upkeep.
Margin expansion is happening at multiple layers: gross margin reached
Balance-sheet pressure looks more operational than financing-driven: liabilities were
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Imax Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Imax Corp has an operating margin of 20.5%, meaning the company retains $21 of operating profit per $100 of revenue. This strong profitability earns a score of 70/100, reflecting efficient cost management and pricing power. This is up from 12.4% the prior year.
Imax Corp's revenue surged 16.5% year-over-year to $410.2M, reflecting rapid business expansion. This strong growth earns a score of 49/100.
Imax Corp has a moderate D/E ratio of 1.38. This balance of debt and equity financing earns a leverage score of 39/100.
Not available for Imax Corp, and counted as zero in the overall score.
Imax Corp converts 29.0% of revenue into free cash flow ($118.9M). This strong cash generation earns a score of 89/100.
Not available for Imax Corp, and counted as zero in the overall score.
Imax Corp passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Imax Corp generates $3.64 in operating cash flow ($127.1M OCF vs $34.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Imax Corp earns $11.44 in operating income for every $1 of interest expense ($84.2M vs $7.4M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Imax Corp generated $410.2M in revenue in fiscal year 2025. This represents an increase of 16.5% from the prior year.
Imax Corp's EBITDA was $146.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 34.1% from the prior year.
Imax Corp reported $34.9M in net income in fiscal year 2025. This represents an increase of 33.7% from the prior year.
Imax Corp earned $0.63 per diluted share (EPS) in fiscal year 2025. This represents an increase of 31.3% from the prior year.
Cash & Balance Sheet
Imax Corp generated $118.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 90.5% from the prior year.
Imax Corp held $151.2M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Imax Corp's gross margin was 60.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 6.0 percentage points from the prior year.
Imax Corp's operating margin was 20.5% in fiscal year 2025, reflecting core business profitability. This is up 8.1 percentage points from the prior year.
Imax Corp's net profit margin was 8.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.1 percentage points from the prior year.
Imax Corp's ROE was 10.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.6 percentage points from the prior year.
Capital Allocation
Imax Corp invested $5.8M in research and development in fiscal year 2025. This represents an increase of 14.0% from the prior year.
Imax Corp invested $8.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 3.1% from the prior year.
Not reported for fiscal year 2025.
IMAX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $416.1M | $410.2M+16.5% | $352.2M-6.0% | $374.8M+24.6% | $300.8M+18.0% | $254.9M+86.0% | $137.0M-65.4% | $395.7M+5.7% | $374.4M-1.7% | $380.8M+0.9% | $377.3M+0.9% | $373.8M+28.7% | $290.5M+0.9% | $287.9M+1.8% | $282.8M+20.3% | $235.1M |
| Cost of Revenue | $168.0M | $164.0M+1.2% | $162.0M+0.9% | $160.5M+11.1% | $144.4M+19.9% | $120.5M+4.3% | $115.5M-36.4% | $181.5M+9.0% | $166.5M-14.9% | $195.5M+11.9% | $174.7M+13.0% | $154.5M+31.9% | $117.2M-5.0% | $123.3M-4.8% | $129.5M+7.0% | $121.0M |
| Gross Profit | $248.1M | $246.2M+29.4% | $190.2M-11.3% | $214.3M+37.1% | $156.4M+16.3% | $134.4M+524.0% | $21.5M-89.9% | $214.2M+3.0% | $207.9M+12.2% | $185.2M-8.6% | $202.7M-7.6% | $219.3M+26.5% | $173.4M+5.3% | $164.6M+7.4% | $153.2M+34.3% | $114.1M |
| R&D Expenses | $6.4M | $5.8M+14.0% | $5.1M-49.5% | $10.1M+90.8% | $5.3M-23.7% | $6.9M+23.6% | $5.6M+8.0% | $5.2M-62.1% | $13.7M-34.2% | $20.9M+27.8% | $16.3M+28.2% | $12.7M-20.9% | $16.1M+9.0% | $14.8M+29.4% | $11.4M+45.8% | $7.8M |
| SG&A Expenses | $136.7M | $138.5M+4.3% | $132.7M-8.1% | $144.4M+4.6% | $138.0M+17.7% | $117.3M+8.1% | $108.5M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $83.9M | $84.2M+92.0% | $43.9M-13.0% | $50.4M+1142.6% | -$4.8M-144.0% | $11.0M+109.0% | -$121.8M-257.6% | $77.3M+71.1% | $45.2M+43.7% | $31.4M-46.3% | $58.6M-33.2% | $87.8M+51.7% | $57.9M-11.1% | $65.1M+10.5% | $58.9M+103.3% | $29.0M |
| Interest Expense | $7.5M | $7.4M-8.9% | $8.1M+18.5% | $6.8M+16.1% | $5.9M-17.1% | $7.1M+1.2% | $7.0M+151.0% | $2.8M-4.2% | $2.9M+50.2% | $1.9M+7.6% | $1.8M+8.7% | $1.7M+79.8% | $924K-31.3% | $1.3M+95.2% | $689K-62.3% | $1.8M |
| Income Tax | $15.2M | $17.8M+255.6% | $5.0M-61.7% | $13.1M+29.1% | $10.1M-50.8% | $20.6M-22.4% | $26.5M+58.1% | $16.8M+76.2% | $9.5M-43.3% | $16.8M+3.6% | $16.2M-19.2% | $20.1M+38.6% | $14.5M-13.0% | $16.6M+10.3% | $15.1M+62.3% | $9.3M |
| Net Income | $40.9M | $34.9M+33.7% | $26.1M+3.2% | $25.3M+211.0% | -$22.8M-2.2% | -$22.3M+84.5% | -$143.8M-406.8% | $46.9M+105.2% | $22.8M+874.6% | $2.3M-91.9% | $28.8M-48.4% | $55.8M+40.5% | $39.7M-9.9% | $44.1M+6.7% | $41.3M+170.9% | $15.3M |
| EPS (Diluted) | — | $0.63+31.3% | $0.48+4.3% | $0.46+215.0% | -$0.40-5.3% | -$0.38+84.4% | -$2.43 | N/A | $0.36+800.0% | $0.04-90.5% | $0.42-46.2% | $0.78+39.3% | $0.56-12.5% | $0.64+4.9% | $0.61+177.3% | $0.22 |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
IMAX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $894.0M+7.7% | $830.4M+1.9% | $814.7M-0.8% | $821.2M-7.0% | $883.2M-11.5% | $997.8M+12.2% | $889.1M+1.8% | $873.6M+0.8% | $866.6M+1.1% | $857.3M-7.9% | $930.6M+49.7% | $621.5M+29.2% | $481.1M+14.0% | $421.9M+3.8% | $406.2M |
| Cash & Equivalents | $151.2M+50.3% | $100.6M+32.0% | $76.2M-21.8% | $97.4M-48.7% | $189.7M-40.2% | $317.4M+189.9% | $109.5M-22.7% | $141.6M-10.8% | $158.7M-22.5% | $204.8M-35.5% | $317.4M+198.1% | $106.5M+260.5% | $29.5M+38.5% | $21.3M+17.6% | $18.1M |
| Inventory | $32.5M-1.0% | $32.8M+4.0% | $31.6M+0.2% | $31.5M+17.1% | $26.9M-32.0% | $39.6M-7.9% | $43.0M-3.5% | $44.6M+44.7% | $30.8M-26.9% | $42.1M+8.7% | $38.8M+127.1% | $17.1M+73.7% | $9.8M-37.8% | $15.8M-20.0% | $19.7M |
| Accounts Receivable | $108.1M+0.4% | $107.7M-21.0% | $136.3M+0.1% | $136.1M+23.7% | $110.0M+95.5% | $56.3M-43.4% | $99.5M+6.6% | $93.3M-28.5% | $130.5M+35.5% | $96.3M-1.7% | $98.0M+28.8% | $76.1M+4.1% | $73.1M+74.0% | $42.0M-10.0% | $46.7M |
| Goodwill | $45.8M-13.3% | $52.8M0.0% | $52.8M0.0% | $52.8M+35.3% | $39.0M0.0% | $39.0M0.0% | $39.0M0.0% | $39.0M0.0% | $39.0M0.0% | $39.0M0.0% | $39.0M0.0% | $39.0M0.0% | $39.0M0.0% | $39.0M0.0% | $39.0M |
| Total Liabilities | $466.3M+3.1% | $452.2M-3.6% | $469.1M-4.5% | $491.4M+8.5% | $452.9M-15.0% | $533.0M+116.7% | $246.0M-10.3% | $274.2M+4.3% | $263.0M+14.0% | $230.8M-9.0% | $253.5M+30.1% | $194.8M+20.6% | $161.6M-4.3% | $168.8M-20.9% | $213.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | $2.5M-99.2% | $305.7M+1576.9% | $18.2M-51.7% | $37.8M+48.9% | $25.4M-7.2% | $27.3M-6.7% | $29.3M | N/A | N/A | $11.0M-80.0% | $55.1M |
| Total Equity | $337.9M+12.8% | $299.5M+9.6% | $273.1M+3.7% | $263.4M-26.0% | $356.1M-9.6% | $394.0M-28.1% | $547.7M+6.9% | $512.2M-3.0% | $527.7M-6.1% | $562.0M-9.9% | $623.9M+63.0% | $382.8M+19.8% | $319.6M+26.3% | $253.1M+31.2% | $192.9M |
| Retained Earnings | -$240.0M+12.6% | -$274.7M+6.2% | -$292.8M+0.1% | -$293.1M-24.7% | -$235.0M-15.8% | -$202.8M-403.9% | -$40.3M+52.9% | -$85.4M+2.5% | -$87.6M-84.9% | -$47.4M-337.7% | $19.9M+418.4% | -$6.3M+85.5% | -$43.1M+50.6% | -$87.2M+30.6% | -$125.7M |
Not reported in any period shown, so not listed: Current Assets, Current Liabilities.
IMAX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $132.9M | $127.1M+79.4% | $70.8M+20.9% | $58.6M+238.4% | $17.3M+185.6% | $6.1M+126.4% | -$23.0M-125.5% | $90.4M-17.8% | $110.0M+28.8% | $85.4M+9.6% | $77.9M-7.5% | $84.2M-3.1% | $86.9M+57.9% | $55.0M-25.3% | $73.6M+1078.6% | $6.2M |
| Capital Expenditures | $6.3M | $8.2M-3.1% | $8.4M+29.8% | $6.5M-22.9% | $8.4M+134.7% | $3.6M+415.1% | $697K-90.6% | $7.4M-44.5% | $13.4M-44.6% | $24.1M+58.0% | $15.3M-64.7% | $43.3M+7.9% | $40.1M+208.1% | $13.0M+115.0% | $6.1M+9.5% | $5.5M |
| Free Cash Flow | $126.6M | $118.9M+90.5% | $62.4M+19.7% | $52.1M+485.9% | $8.9M+259.5% | $2.5M+110.4% | -$23.7M-128.6% | $83.0M-14.1% | $96.6M+57.8% | $61.2M-2.2% | $62.6M+52.9% | $40.9M-12.5% | $46.8M+11.4% | $42.0M-37.8% | $67.6M+9298.5% | $719K |
| Investing Cash Flow | -$32.9M | -$41.9M-1.7% | -$41.2M-29.7% | -$31.8M+40.3% | -$53.3M-761200.0% | -$7K+99.9% | -$9.3M+86.0% | -$66.0M-16.0% | -$56.9M+22.7% | -$73.6M-13.4% | -$64.9M+17.7% | -$78.8M-27.4% | -$61.9M-46.3% | -$42.3M-19.0% | -$35.5M+44.1% | -$63.5M |
| Financing Cash Flow | -$48.8M | -$34.1M-464.1% | -$6.0M+87.6% | -$48.5M+17.1% | -$58.5M+55.9% | -$132.7M-155.2% | $240.6M+521.2% | -$57.1M+19.4% | -$70.9M-23.2% | -$57.5M+54.3% | -$125.8M-161.4% | $204.7M+294.0% | $52.0M+1285.5% | -$4.4M+87.4% | -$34.8M-177.2% | $45.1M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | $13.9M-62.0% | $36.6M+1277.4% | $2.7M-96.3% | $71.5M+54.9% | $46.1M | $0-100.0% | $34.3M+1019.0% | $3.1M | $0 | $0 | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
IMAX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.0%+6.0pp | 54.0%-3.2pp | 57.2%+5.2pp | 52.0%-0.7pp | 52.7%+37.0pp | 15.7%-38.4pp | 54.1%-1.4pp | 55.5%+6.9pp | 48.6%-5.1pp | 53.7%-4.9pp | 58.7%-1.0pp | 59.7%+2.5pp | 57.2%+3.0pp | 54.2%+5.7pp | 48.5% |
| Operating Margin | 20.5%+8.1pp | 12.4%-1.0pp | 13.5%+15.1pp | -1.6%-5.9pp | 4.3%+93.2pp | -88.9%-108.5pp | 19.5%+7.5pp | 12.1%+3.8pp | 8.3%-7.3pp | 15.5%-8.0pp | 23.5%+3.6pp | 19.9%-2.7pp | 22.6%+1.8pp | 20.8%+8.5pp | 12.3% |
| Net Margin | 8.5%+1.1pp | 7.4%+0.7pp | 6.8%+14.3pp | -7.6%+1.2pp | -8.8% | -104.9% | 11.8%+5.7pp | 6.1%+5.5pp | 0.6%-7.0pp | 7.6%-7.3pp | 14.9%+1.3pp | 13.7%-1.6pp | 15.3%+0.7pp | 14.6%+8.1pp | 6.5% |
| Return on Equity | 10.3%+1.6pp | 8.7%-0.5pp | 9.3%+17.9pp | -8.7%-2.4pp | -6.3%+30.2pp | -36.5%-45.1pp | 8.6%+4.1pp | 4.5%+4.0pp | 0.4%-4.7pp | 5.1%-3.8pp | 8.9%-1.4pp | 10.4%-3.4pp | 13.8%-2.5pp | 16.3%+8.4pp | 7.9% |
| Return on Assets | 3.9%+0.8pp | 3.1%0.0pp | 3.1%+5.9pp | -2.8%-0.3pp | -2.5%+11.9pp | -14.4%-19.7pp | 5.3%+2.7pp | 2.6%+2.3pp | 0.3%-3.1pp | 3.4%-2.6pp | 6.0%-0.4pp | 6.4%-2.8pp | 9.2%-0.6pp | 9.8%+6.0pp | 3.8% |
| Debt-to-Equity | 1.38-0.1x | 1.51-0.2x | 1.72-0.1x | 1.87+1.9x | 0.01-0.8x | 0.78+0.7x | 0.030.0x | 0.070.0x | 0.050.0x | 0.050.0x | 0.05-0.5x | 0.510.0x | 0.51+0.5x | 0.04-0.2x | 0.29 |
| FCF Margin | 29.0%+11.3pp | 17.7%+3.8pp | 13.9%+10.9pp | 3.0%+2.0pp | 1.0%+18.3pp | -17.3%-38.3pp | 21.0%-4.8pp | 25.8%+9.7pp | 16.1%-0.5pp | 16.6%+5.6pp | 10.9%-5.2pp | 16.1%+1.5pp | 14.6%-9.3pp | 23.9%+23.6pp | 0.3% |
Not reported in any period shown, so not listed: Current Ratio.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
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Where Imax Corp Ranks
Frequently Asked Questions
What is Imax Corp's annual revenue?
Imax Corp (IMAX) reported $410.2M in total revenue for fiscal year 2025. This represents a 16.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Imax Corp's revenue growing?
Imax Corp (IMAX) revenue grew by 16.5% year-over-year, from $352.2M to $410.2M in fiscal year 2025.
Is Imax Corp profitable?
Yes, Imax Corp (IMAX) reported a net income of $34.9M in fiscal year 2025, with a net profit margin of 8.5%.
What is Imax Corp's EBITDA?
Imax Corp (IMAX) had EBITDA of $146.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Imax Corp's gross margin?
Imax Corp (IMAX) had a gross margin of 60.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Imax Corp's operating margin?
Imax Corp (IMAX) had an operating margin of 20.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Imax Corp's net profit margin?
Imax Corp (IMAX) had a net profit margin of 8.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Imax Corp's return on equity (ROE)?
Imax Corp (IMAX) has a return on equity of 10.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Imax Corp's free cash flow?
Imax Corp (IMAX) generated $118.9M in free cash flow during fiscal year 2025. This represents a 90.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Imax Corp's operating cash flow?
Imax Corp (IMAX) generated $127.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Imax Corp's total assets?
Imax Corp (IMAX) had $894.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Imax Corp's capital expenditures?
Imax Corp (IMAX) invested $8.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Imax Corp spend on research and development?
Imax Corp (IMAX) invested $5.8M in research and development during fiscal year 2025.
What is Imax Corp's debt-to-equity ratio?
Imax Corp (IMAX) had a debt-to-equity ratio of 1.38 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Imax Corp's return on assets (ROA)?
Imax Corp (IMAX) had a return on assets of 3.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Imax Corp's Piotroski F-Score?
Imax Corp (IMAX) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Imax Corp's earnings high quality?
Imax Corp (IMAX) has an earnings quality ratio of 3.64x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Imax Corp cover its interest payments?
Imax Corp (IMAX) has an interest coverage ratio of 11.44x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Imax Corp?
Imax Corp (IMAX) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.