IMAX Corporation, together with its subsidiaries, operates as a technology platform for entertainment and events in the United States, Canada, Greater China, rest of Asia, Western Europe, Latin America, and internationally. It operates through Content Solutions; and Technology Products and Services segments. The company offers IMAX film remastering, a proprietary technology that digitally remasters films and other content into IMAX formats for distribution to the IMAX network; IMAX Enhanced, which provides end-to-end technology across streaming content and entertainment devices at home; AI-driven video quality solutions for media and entertainment companies; and streaming technology software products. It also provides preventative and emergency maintenance services, and quality monitoring to the IMAX network; film post-production services; and IMAX film and digital cameras for content creators. In addition, the company engages in the distribution of format documentary films to institutional theaters, as well as live performances and interactive events with artists and creators; after-market sales of IMAX System parts and 3D glasses; sale or lease of IMAX theater systems; provision of management services to theaters; and rental of company's proprietary 2D and 3D large-format film cameras. The company markets its theater systems through a direct sales force and marketing staff to science and natural history museums, zoos, aquariums, and other educational and cultural centers, as well as theme parks, private home theaters, tourist destination sites, fairs, and expositions. It offers its services under the IMAX, IMAX 3D, Experience It In IMAX, The IMAX Experience, DMR, Filmed For IMAX, IMAX Live, IMAX Enhanced, and IMAX StreamSmart. IMAX Corporation was founded in 1967 and is headquartered in Mississauga, Canada.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $410M | $133M | $35M | $85M | 10.3% | 16.5% | 33.8% |
| 2024 | $352M | $111M | $26M | $30M | 8.7% | -6.0% | 2.9% |
| 2023 | $375M | $113M | $25M | $26M | 9.3% | 24.6% | -211.1% |
| 2022 | $301M | $53M | $-23M | $-15M | -8.7% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 300.80 | 374.84 | 352.21 | 410.21 |
| Operating Revenue | - | 300.80 | 374.84 | 352.21 | 410.21 |
| Cost Of Revenue | - | 144.45 | 160.50 | 162.01 | 164.02 |
| Gross Profit | - | 156.35 | 214.34 | 190.20 | 246.19 |
| Operating Expense | - | 156.72 | 160.85 | 142.59 | 152.48 |
| Research And Development | - | 5.30 | 10.11 | 5.10 | 5.82 |
| Selling General And Administration | - | 138.04 | 144.41 | 132.70 | 138.46 |
| Total Expenses | - | 301.17 | 321.35 | 304.60 | 316.50 |
| Operating Income | - | -0.36 | 53.49 | 47.61 | 93.71 |
| Total Operating Income As Reported | - | -4.83 | 50.40 | 43.86 | 84.23 |
| EBITDA | - | 52.77 | 112.96 | 111.28 | 133.10 |
| Normalized EBITDA | - | 57.17 | 115.58 | 114.91 | 158.71 |
| EBIT | - | -3.89 | 52.94 | 45.78 | 70.66 |
| Interest Income | - | 1.43 | 2.49 | 2.18 | 2.80 |
| Interest Expense | - | 5.88 | 6.82 | 8.08 | 7.36 |
| Net Interest Income | - | -4.45 | -4.34 | -5.90 | -4.56 |
| Other Non Operating Income Expenses | - | -0.56 | -0.41 | -0.39 | -0.24 |
| Other Income Expense | - | -4.96 | -3.04 | -4.01 | -25.85 |
| Interest Income Non Operating | - | 1.43 | 2.49 | 2.18 | 2.80 |
| Interest Expense Non Operating | - | 5.88 | 6.82 | 8.08 | 7.36 |
| Net Non Operating Interest Income Expense | - | -4.45 | -4.34 | -5.90 | -4.56 |
| Pretax Income | - | -9.77 | 46.12 | 37.70 | 63.29 |
| Tax Provision | - | 10.11 | 13.05 | 5 | 17.77 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.92 | -0.74 | -0.48 | -7.20 |
| Net Income Continuous Operations | - | -19.88 | 33.07 | 32.70 | 45.53 |
| Net Income From Continuing And Discontinued Operation | - | -22.80 | 25.34 | 26.06 | 34.88 |
| Net Income From Continuing Operation Net Minority Interest | - | -22.80 | 25.34 | 26.06 | 34.88 |
| Net Income | - | -22.80 | 25.34 | 26.06 | 34.88 |
| Net Income Common Stockholders | - | -22.80 | 25.34 | 26.06 | 34.88 |
| Net Income Including Noncontrolling Interests | - | -19.88 | 33.07 | 32.70 | 45.53 |
| Normalized Income | - | -19.32 | 27.22 | 29.20 | 53.29 |
| Diluted NI Availto Com Stockholders | - | -22.80 | 25.34 | 26.06 | 34.88 |
| Basic Average Shares | - | 56.67 | 54.31 | 52.65 | 53.64 |
| Diluted Average Shares | - | 56.67 | 55.15 | 53.86 | 55.54 |
| Reconciled Depreciation | - | 56.66 | 60.02 | 65.50 | 62.45 |
| Reconciled Cost Of Revenue | - | 92.62 | 105.05 | 102.26 | 109.09 |
| Total Unusual Items | - | -4.40 | -2.62 | -3.62 | -25.61 |
| Total Unusual Items Excluding Goodwill | - | -4.40 | -2.62 | -3.62 | -25.61 |
| Minority Interests | - | -2.92 | -7.73 | -6.64 | -10.65 |
| Earnings From Equity Interest Net Of Tax | 0 | 0 | - | - | - |
| Special Income Charges | - | -4.47 | -3.09 | -3.75 | -24.74 |
| Other Special Charges | -1.77 | - | - | - | 15.26 |
| Write Off | - | 4.47 | 0.14 | 0 | 0 |
| Impairment Of Capital Assets | - | - | - | - | 7 |
| Restructuring And Mergern Acquisition | - | 0 | 2.95 | 3.75 | 2.48 |
| Gain On Sale Of Security | - | 0.07 | 0.46 | 0.13 | -0.87 |
| Depreciation Amortization Depletion Income Statement | - | 4.83 | 4.58 | 5.76 | 7.52 |
| Depreciation And Amortization In Income Statement | - | 4.83 | 4.58 | 5.76 | 7.52 |
| General And Administrative Expense | 117.32 | 138.60 | 144.41 | - | - |
| Other Gand A | 117.32 | 138.04 | 144.41 | - | - |
| Salaries And Wages | 0.46 | 0.56 | 0.41 | - | - |
| Other Operating Expenses | 0.46 | 0.56 | - | - | - |
| Provision For Doubtful Accounts | - | 8.55 | 1.76 | -0.97 | 0.70 |
| Amortization | - | 4.83 | 4.58 | 5.76 | 7.52 |
| Amortization Of Intangibles Income Statement | - | 4.83 | 4.58 | 5.76 | 7.52 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| IMAX Corporationthis co. | IMAX | $2.2B | 61.68↑ premium | 6.37 | 10.3% | 17.12 |
| Magnite, Inc. | MGNI | $2.1B | 14.72 | 2.31 | 15.7% | 15.37 |
| Rumble Inc. | RUM | $1.8B | -21.63 | 6.44 | -29.8% | -15.63 |
| Ziff Davis, Inc. | ZD | $1.8B | 37.30 | 1.01 | 2.7% | 6.04 |
| Genius Sports Limited | GENI | $1.7B | -15.24 |
| - |
| - |
| - |
| - |
| - |
| 2.35 |
| -15.4% |
| -20.47 |
| Stagwell Inc. | STGW | $1.7B | 56.98 | 2.19 | 3.8% | 7.82 |
| DoubleVerify Holdings, Inc. | DV | $1.6B | 32.03 | 1.43 | 4.5% | 10.37 |
| WEBTOON Entertainment Inc. | WBTN | $1.6B | -4.56 | 1.35 | -29.6% | -2.88 |
| Liberty Latin America Ltd. | LILAK | $1.5B | -2.49 | 2.74 | -110.0% | 10.03 |
| Peer Median | - | 6.11 | 2.25 | -6.4% | 6.93 | |
Historically, Feb has averaged the highest return (+16.5%); Mar the lowest (-3.7%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.5%Negative MonthJan 2026: -5.55% | +22.7%Positive MonthFeb 2026: +22.69% | -11.3%Negative MonthMar 2026: -11.25% | +0.0%Neutral MonthApr 2026: +0.03% | +4.4%Positive MonthMay 2026: +4.37% | +0.5%Neutral MonthJun 2026: +0.45% | +20.0%Positive MonthJul 2026: +20.02% | +12.3%*Positive MonthAug 2026: +12.27% | — | — | — | — |
| 2025 | -8.0%Negative MonthJan 2025: -8.01% | +8.7%Positive MonthFeb 2025: +8.70% | +2.9%Positive MonthMar 2025: +2.93% | -7.7%Negative MonthApr 2025: -7.67% | +14.5%Positive MonthMay 2025: +14.47% | +0.4%Neutral MonthJun 2025: +0.39% | -7.8%Negative MonthJul 2025: -7.76% | +10.7%Positive MonthAug 2025: +10.74% | +14.7%Positive MonthSep 2025: +14.67% | -0.8%Neutral MonthOct 2025: -0.79% | +14.2%Positive MonthNov 2025: +14.19% | -0.4%Neutral MonthDec 2025: -0.38% |
| 2024 | -7.0%Negative MonthJan 2024: -6.99% | +22.6%Positive MonthFeb 2024: +22.62% | -5.6%Negative MonthMar 2024: -5.60% | -1.0%Neutral MonthApr 2024: -0.99% | +2.7%Positive MonthMay 2024: +2.69% | +2.0%Positive MonthJun 2024: +2.01% | +25.8%Positive MonthJul 2024: +25.82% | +0.4%Neutral MonthAug 2024: +0.43% | -3.2%Negative MonthSep 2024: -3.21% | +18.5%Positive MonthOct 2024: +18.48% | +8.3%Positive MonthNov 2024: +8.31% | -2.7%Negative MonthDec 2024: -2.74% |
| 2023 | +16.0%Positive MonthJan 2023: +15.96% | +8.5%Positive MonthFeb 2023: +8.47% | +4.0%Positive MonthMar 2023: +4.01% | +9.2%Positive MonthApr 2023: +9.23% | -17.2%Negative MonthMay 2023: -17.23% | -2.0%Negative MonthJun 2023: -2.02% | +8.4%Positive MonthJul 2023: +8.36% | +3.9%Positive MonthAug 2023: +3.91% | +1.0%Neutral MonthSep 2023: +0.99% | -5.7%Negative MonthOct 2023: -5.75% | -12.4%Negative MonthNov 2023: -12.41% | -5.8%Negative MonthDec 2023: -5.83% |
| 2022 | -3.3%Negative MonthJan 2022: -3.31% | +19.9%Positive MonthFeb 2022: +19.88% | -8.5%Negative MonthMar 2022: -8.46% | -16.4%Negative MonthApr 2022: -16.43% | +9.5%Positive MonthMay 2022: +9.48% | -2.5%Negative MonthJun 2022: -2.48% | -0.5%Neutral MonthJul 2022: -0.47% | -6.7%Negative MonthAug 2022: -6.72% | -9.9%Negative MonthSep 2022: -9.95% | -9.8%Negative MonthOct 2022: -9.84% | +32.7%Positive MonthNov 2022: +32.68% | -13.2%Negative MonthDec 2022: -13.20% |
| 2021 | — | — | — | — | +4.8%Positive MonthMay 2021: +4.80% | -0.5%Neutral MonthJun 2021: -0.51% | -24.9%Negative MonthJul 2021: -24.93% | -2.7%Negative MonthAug 2021: -2.66% | +20.8%Positive MonthSep 2021: +20.81% | -0.7%Neutral MonthOct 2021: -0.68% | -12.5%Negative MonthNov 2021: -12.52% | +8.2%Positive MonthDec 2021: +8.19% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.