IMAX
IMAX Corporation37.78
-1.26-3.23%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.03BP/E (TTM)
53.21Basic EPS (TTM)
0.71Dividend Yield
0%Recent Filings
8-K
IMAX refinances 2026 notes with 2030 convertibles
IMAX Corporation closed a $250 million offering of 0.75% convertible senior notes due 2030 on November 6, 2025, using net proceeds of $241.1 million plus cash and credit borrowings to repurchase nearly all of its $230 million 2026 notes for $276 million, including interest. This refinancing extends debt maturity while capping dilution via $21.9 million in capped call transactions at a $57.10 strike, 75% above the November 3 stock price. Notes convert at $42.42 per share, a 30% premium. Hedging unwinds may pressure shares short-term.
10-Q
Q3 FY2025 results
IMAX Corporation reported strong Q3 2025 results, with revenues up 17% to $106.7M and net income attributable to common shareholders up 49% to $20.7M. The company achieved record Q3 box office of $367.6M, a 50% increase year-over-year, driven by hits like F1: The Movie and Demon Slayer: Infinity Castle. Content Solutions revenue surged 49% to $44.8M due to robust film performance, while Technology Products and Services grew 4% to $60.4M. Gross margin improved to 63% from 56%, reflecting higher box office. Operating income rose 50% to $29.0M, and diluted EPS increased to $0.37 from $0.26. Cash from operations reached $97.7M YTD, up significantly, with $143.1M in cash equivalents. No non-GAAP metrics were disclosed in the 10-Q. The company maintains a $375M revolving credit facility with $346M available.
8-K
IMAX smashes Q3 records
IMAX Corporation posted record Q3 2025 revenue of $106.7 million, up 17% year-over-year, fueled by a blockbuster $368 million global box office that surged 50% amid a soft domestic market. Net income climbed 48% to $22.6 million with margins hitting 21%, while system installations hit 95 year-to-date, on pace for 150-160 full-year. IMAX thrives on diverse content. A robust Q4 slate eyes $1.2 billion box office, but trade tensions loom.
8-K
IMAX Q2 revenue up 3%
IMAX Corporation reported robust Q2 2025 results, with total revenue up 3% to $91.7 million and net income surging 139% to $12.2 million, fueled by 41% box office growth to $281.1 million and 50% more system installations at 36. Network expanded to 1,750 commercial locations, backlog steady at 501 systems. Yet, content revenue dipped 3% due to prior-year streaming sale. On track for $1.2 billion annual box office.
10-Q
Q2 FY2025 results
IMAX Corporation posted solid Q2 FY2025 results, with revenues climbing 3% year-over-year to $91.7M on stronger box office momentum, while gross margins expanded sharply to 58% from 49% thanks to efficient content costs and robust film slate performance. Operating income surged to $14.3M from $2.9M, reflecting lower SG&A and R&D spend, though diluted EPS of $0.20 edged up modestly from $0.07 amid share dilution effects (derived from 55.2M weighted shares). Free cash flow hit $26.2M for the half-year on $30.2M operating cash minus $4.0M capex, bolstering $109.3M cash reserves against $278.0M total debt, including a fresh $375M credit facility in July. No major M&A, but restructuring trimmed costs. Yet competition from streaming platforms pressures premium theater attendance.
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