Reading Intl Financials
This page shows Reading Intl (RDIB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).
Debt service is the main operating constraint as cash burn eases faster than the balance sheet heals.
Across the last three filings, operating losses narrowed from$12.0M to$5.3M , showing the core business moved materially closer to breakeven even as sales softened. But interest expense at$17.9M still outweighed EBITDA of$7.9M , so leverage consumed the operating repair before it could reach net income.
Despite slightly lower sales, operating margin improved to
The cash-flow improvement is real, but part of it came from a lighter reinvestment load: capex fell to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Reading Intl'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.
Reading Intl has an operating margin of -2.6%, meaning the company retains $-3 of operating profit per $100 of revenue. This below-average margin results in a low score of 12/100, suggesting thin profitability after operating expenses. This is up from -6.7% the prior year.
Reading Intl's revenue declined 3.6% year-over-year, from $210.5M to $203.0M. This contraction results in a growth score of 26/100.
Reading Intl has elevated debt relative to equity (D/E of -10.15), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Reading Intl's current ratio of 0.17 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Reading Intl generated -$1.6M in operating cash flow, capex of $1.3M consumed most of it, leaving -$2.9M in free cash flow. This results in a low score of 17/100, reflecting heavy capital investment rather than weak cash generation.
Reading Intl passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Reading Intl generates $0.11 in operating cash flow (-$1.6M OCF vs -$14.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Reading Intl earns $-0.3 in operating income for every $1 of interest expense (-$5.3M vs $17.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Reading Intl generated $203.0M in revenue in fiscal year 2025. This represents a decrease of 3.6% from the prior year.
Reading Intl's EBITDA was $7.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 351.9% from the prior year.
Reading Intl reported -$14.1M in net income in fiscal year 2025. This represents an increase of 59.9% from the prior year.
Reading Intl earned $-0.62 per diluted share (EPS) in fiscal year 2025. This represents an increase of 60.8% from the prior year.
Cash & Balance Sheet
Reading Intl generated -$2.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 68.9% from the prior year.
Reading Intl held $10.5M in cash against $185.1M in long-term debt as of fiscal year 2025.
Margins & Returns
Reading Intl's operating margin was -2.6% in fiscal year 2025, reflecting core business profitability. This is up 4.1 percentage points from the prior year.
Reading Intl's net profit margin was -7.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 9.8 percentage points from the prior year.
Capital Allocation
Reading Intl invested $1.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 75.9% from the prior year.
RDIB Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $50.3M-3.6% | $52.2M-13.6% | $60.4M+50.3% | $40.2M-31.4% | $58.6M-2.5% | $60.1M+28.4% | $46.8M+3.9% | $45.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $4.1M-11.7% | $4.7M-13.5% | $5.4M+4.5% | $5.2M+13.7% | $4.5M-8.1% | $4.9M-6.4% | $5.3M-2.8% | $5.4M |
| Operating Income | -$978K-197.3% | -$329K-111.4% | $2.9M+142.0% | -$6.9M-549.5% | $1.5M+546.9% | -$343K+95.5% | -$7.7M-2.1% | -$7.5M |
| Interest Expense | $4.7M+11.6% | $4.2M-4.1% | $4.4M-8.2% | $4.7M-9.6% | $5.2M0.0% | $5.2M-2.5% | $5.4M+1.7% | $5.3M |
| Income Tax | -$219K-168.7% | $319K-74.0% | $1.2M+359.5% | -$472K-395.0% | $160K-77.1% | $700K+548.7% | -$156K+30.0% | -$223K |
| Net Income | -$2.6M+38.3% | -$4.2M-55.9% | -$2.7M+43.9% | -$4.8M-112.2% | -$2.2M+68.1% | -$7.0M+45.1% | -$12.8M+3.2% | -$13.2M |
| EPS (Diluted) | N/A | $-0.18-50.0% | $-0.12+42.9% | $-0.21 | N/A | $-0.31+45.6% | $-0.57+3.4% | $-0.59 |
RDIB Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $434.9M-0.1% | $435.2M-0.7% | $438.1M-0.7% | $441.0M-6.4% | $471.0M-5.0% | $495.7M+0.2% | $494.9M0.0% | $494.9M |
| Current Assets | $21.8M+16.0% | $18.8M-11.6% | $21.3M-35.8% | $33.1M-41.9% | $57.0M-3.4% | $59.0M+0.7% | $58.7M+189.2% | $20.3M |
| Cash & Equivalents | $10.5M+30.2% | $8.1M-10.8% | $9.1M+53.5% | $5.9M-52.1% | $12.3M+22.5% | $10.1M+9.1% | $9.2M+23.2% | $7.5M |
| Inventory | $1.7M+0.5% | $1.7M+8.7% | $1.5M+5.6% | $1.4M-14.5% | $1.7M-1.2% | $1.7M+26.6% | $1.3M+2.2% | $1.3M |
| Accounts Receivable | $4.6M+64.0% | $2.8M-17.6% | $3.4M+140.1% | $1.4M-73.4% | $5.3M-2.9% | $5.4M-28.9% | $7.6M+7.6% | $7.1M |
| Goodwill | $24.6M+0.1% | $24.6M-1.2% | $24.9M+4.2% | $23.9M+0.7% | $23.7M-7.8% | $25.7M+2.8% | $25.0M+1.4% | $24.7M |
| Total Liabilities | $453.0M+1.1% | $448.2M+0.4% | $446.5M-0.7% | $449.6M-5.5% | $475.8M-3.8% | $494.7M+1.2% | $488.8M+2.4% | $477.1M |
| Current Liabilities | $128.6M+15.3% | $111.5M-14.5% | $130.5M-8.0% | $141.9M-12.2% | $161.6M+12.9% | $143.1M-5.8% | $151.9M+12.6% | $134.8M |
| Long-Term Debt | $185.1M | N/A | N/A | N/A | $202.7M | N/A | N/A | N/A |
| Total Equity | -$18.2M-51.2% | -$12.1M-57.0% | -$7.7M+4.7% | -$8.1M-84.8% | -$4.4M-373.1% | $1.6M-75.5% | $6.5M-63.7% | $18.0M |
| Retained Earnings | -$128.9M-2.0% | -$126.4M-3.4% | -$122.2M-2.2% | -$119.5M-4.1% | -$114.8M-2.0% | -$112.6M-6.7% | -$105.5M-13.8% | -$92.7M |
RDIB Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.3M+1350.2% | $295K-81.0% | $1.6M+120.1% | -$7.7M-196.5% | $8.0M+496.3% | $1.3M+112.9% | -$10.4M-275.0% | -$2.8M |
| Capital Expenditures | $158K-70.8% | $541K+41.6% | $382K+51.0% | $253K-73.8% | $967K-59.6% | $2.4M+862.2% | $249K-87.1% | $1.9M |
| Free Cash Flow | $4.1M+1774.8% | -$246K-121.0% | $1.2M+114.7% | -$8.0M-213.4% | $7.0M+764.0% | -$1.1M+90.1% | -$10.6M-126.5% | -$4.7M |
| Investing Cash Flow | -$216K+55.4% | -$484K-102.4% | $19.9M+11.5% | $17.9M+1839.1% | -$1.0M+57.3% | -$2.4M-907.9% | -$239K-103.1% | $7.6M |
| Financing Cash Flow | -$1.7M-33.0% | -$1.3M+92.9% | -$18.0M-7.0% | -$16.9M-841.5% | -$1.8M-278.6% | $1.0M-91.9% | $12.3M+210.0% | -$11.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
RDIB Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -1.9%-1.3pp | -0.6%-5.4pp | 4.8%+21.9pp | -17.2%-19.8pp | 2.6%+3.2pp | -0.6%+15.9pp | -16.4%+0.3pp | -16.7% |
| Net Margin | -5.1%+2.9pp | -8.0%-3.5pp | -4.4%+7.4pp | -11.8%-8.0pp | -3.8%+7.9pp | -11.7%+15.7pp | -27.4%+2.0pp | -29.4% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | -439.8%-243.7pp | -196.1%-122.6pp | -73.5% |
| Return on Assets | -0.6%+0.4pp | -1.0%-0.3pp | -0.6%+0.5pp | -1.1%-0.6pp | -0.5%+0.9pp | -1.4%+1.2pp | -2.6%+0.1pp | -2.7% |
| Current Ratio | 0.170.0 | 0.170.0 | 0.16-0.1 | 0.23-0.1 | 0.35-0.1 | 0.41+0.0 | 0.39+0.2 | 0.15 |
| Debt-to-Equity | -10.15+27.0 | -37.16+21.0 | -58.12-2.4 | -55.76-9.3 | -46.45-356.0 | 309.55+234.7 | 74.86+48.4 | 26.51 |
| FCF Margin | 8.2%+8.7pp | -0.5%-2.4pp | 1.9%+21.7pp | -19.8%-31.8pp | 12.0%+13.7pp | -1.8%+21.0pp | -22.7%-12.3pp | -10.4% |
Note: Shareholder equity is negative (-$18.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.17), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is Reading Intl's annual revenue?
Reading Intl (RDIB) reported $203.0M in total revenue for fiscal year 2025. This represents a -3.6% 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 Reading Intl's revenue growing?
Reading Intl (RDIB) revenue declined by 3.6% year-over-year, from $210.5M to $203.0M in fiscal year 2025.
Is Reading Intl profitable?
No, Reading Intl (RDIB) reported a net income of -$14.1M in fiscal year 2025, with a net profit margin of -7.0%.
What is Reading Intl's EBITDA?
Reading Intl (RDIB) had EBITDA of $7.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Reading Intl have?
As of fiscal year 2025, Reading Intl (RDIB) had $10.5M in cash and equivalents against $185.1M in long-term debt.
What is Reading Intl's operating margin?
Reading Intl (RDIB) had an operating margin of -2.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Reading Intl's net profit margin?
Reading Intl (RDIB) had a net profit margin of -7.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Reading Intl's free cash flow?
Reading Intl (RDIB) generated -$2.9M in free cash flow during fiscal year 2025. This represents a 68.9% 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 Reading Intl's operating cash flow?
Reading Intl (RDIB) generated -$1.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Reading Intl's total assets?
Reading Intl (RDIB) had $434.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Reading Intl's capital expenditures?
Reading Intl (RDIB) invested $1.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Reading Intl's current ratio?
Reading Intl (RDIB) had a current ratio of 0.17 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Reading Intl's debt-to-equity ratio?
Reading Intl (RDIB) had a debt-to-equity ratio of -10.15 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Reading Intl's return on assets (ROA)?
Reading Intl (RDIB) had a return on assets of -3.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Reading Intl's cash runway?
Based on fiscal year 2025 data, Reading Intl (RDIB) had $10.5M in cash against an annual operating cash burn of $1.6M. This gives an estimated cash runway of approximately 80 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Reading Intl's debt-to-equity ratio negative or unusual?
Reading Intl (RDIB) has negative shareholder equity of -$18.2M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Reading Intl's Piotroski F-Score?
Reading Intl (RDIB) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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 Reading Intl's earnings high quality?
Reading Intl (RDIB) has an earnings quality ratio of 0.11x, considered low quality (accrual-driven). 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 Reading Intl cover its interest payments?
Reading Intl (RDIB) has an interest coverage ratio of -0.3x, meaning it can struggle to 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 Reading Intl?
Reading Intl (RDIB) scores 9 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.