Filing Flows

Filing Flows › Industrials › Imax (IMAX)

Imax (IMAX) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Imax (IMAX) Q3 2026 earnings results →

Q3 2026 Revenue up 64% year over year to $175M · 65¢ of every $1 of revenue kept as net profit · operating margin 42.9%

Imax made $175M in Q3 2026 (+64% Y/Y): Image enhancement and maintenance services $111M, Technology rentals $41.4M, Technology sales $18.9M. Operating margin 42.9%, net earnings $114M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$175M
Year over year+64%
Operating margin42.9%
Net earnings$114M
Operating cash flow$86.1M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $174.6M in Q3 2026, up 64% year over year and up 70% from the previous quarter. Image enhancement and maintenance services was the largest line at 64% of revenue. Image enhancement and maintenance services added $49.9M year over year (up 82%), 74% of the total change. Technology sales declined 3%.

Gross margin was 72.4%, up 9.3 points from Q3 2025. Operating profit was $74.9M, a 42.9% margin (up 15.7 points year over year). Of the extra revenue versus Q3 2025, 67% reached operating profit, above the 27% margin then. Operating expenses grew 35% against revenue growth of 64%. The fastest-growing cost line was Other operating costs (+317%). Net earnings were $113.8M, up 451% year over year. The effective tax rate was -58.7%.

Operating cash flow was $86.1M (up 28% year over year), 74% of net income including minority interests. Non-cash charges added back $26.8M of depreciation and amortization and $9.8M of share-based compensation. Working capital and other items used $67.6M. Capital expenditures of $1.9M left free cash flow of $84.2M.

Quarterly history

Imax revenue by quarterImax revenue by quarter$86.7MQ1 2025$91.7MQ2 2025$107MQ3 2025$125MQ4 2025$81.4MQ1 2026$103MQ2 2026$175MQ3 2026
Imax net earnings by quarterImax net earnings by quarter$2.3MQ1 2025$11.3MQ2 2025$20.7MQ3 2025$637KQ4 2025$4.2MQ1 2026$15.4MQ2 2026$114MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$175M+64%42.9%$114M$86.1M
Q2 202610-QJul 23, 2026$103M+12%20.2%$15.4M$32.0M
Q1 202610-QApr 30, 2026$81.4M-6%12.2%$4.2M$4.0M
Q4 202510-KFeb 25, 2026$125M+35%19.3%$637K$29.4M
Q3 202510-QOct 23, 2025$107M+17%27.2%$20.7M$67.5M
Q2 202510-QJul 24, 2025$91.7M+3%15.6%$11.3M$23.2M
Q1 202510-QApr 23, 2025$86.7M+10%19.3%$2.3M$7.0M

Charts

Imax: revenue growth, year over year and quarter over quarterImax: revenue growth, year over year and quarter over quarterY/YQ/Q+10%Q1 2025+3%+6%Q2 2025+17%+16%Q3 2025+35%+17%Q4 2025-6%-35%Q1 2026+12%+26%Q2 2026+64%+70%Q3 2026
Latest (Q3 2026): Y/Y +64%, Q/Q +70%.
Imax: where the cash came from (+) and went (−), TTM to Q3 2026Imax: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$151MCash drawn (+) / kept (−)−$64.8MOther financing−$40.1MShares issued$29.3MNet borrowing (+) / repaid (−)−$29.0MOther investing−$23.4MTaxes on employees’ shares−$17.9MCapital spending−$5.5MExchange rates−$19K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Imax: profit against cash, quarter by quarterImax: profit against cash, quarter by quarterNet incomeOperating cash flow$6.9M$11.5MQ4 2024$8.2M$7.0MQ1 2025$12.2M$23.2MQ2 2025$22.6M$67.5MQ3 2025$2.5M$29.4MQ4 2025$6.1M$4.0MQ1 2026$15.9M$32.0MQ2 2026$117M$86.1MQ3 2026
Latest (Q3 2026): Net income $117M, Operating cash flow $86.1M.
Imax: diluted shares by fiscal yearImax: diluted shares by fiscal year59MFY202059MFY202157MFY202255MFY202354MFY202456MFY2025
-6.2% since FY2020: buybacks shrank the count.
Imax in its industry: growth against margin (4 companies, SIC 3861)Imax in its industry: growth against margin (4 companies, SIC 3861)revenue growth, year over year →↑ operating marginmedian +3%median 5%KODKGPROMITQIMAX (+64%, 43%)
Photographic Equipment & Supplies; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

About Imax

IMAX Corporation (the “Company” or “IMAX”) is a Canadian corporation that was formed in March 1994 as a result of an amalgamation between WGIM Acquisition Corp. and the former IMAX Corporation (“Predecessor IMAX”). Predecessor IMAX was incorporated in 1967. As of December 31, 2025, the Company indirectly owned 71.57% of IMAX China Holding, Inc. (“IMAX China”), whose shares trade on the Hong Kong Stock Exchange. IMAX China is a consolidated subsidiary of the Company.

In its own words, from its 10-K, filed Feb 25, 2026.

Imax against its Photographic Equipment & Supplies peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +64% against the peers' median +3%. Operating margin: 42.9% against the peers' median 5.4%.

CompanyQuarterRevenueY/YOp. margin
IMAX ImaxQ3 2026$175M+64%42.9%
KODK Eastman KodakQ3 2026$276M+3%5.4%
GPRO GoProQ2 2026$105M-31%-37.1%
MITQ Moving iMAGE TechnologiesQ4 FY26$4.5M-23%-6.7%

Source: Imax 10-Q on SEC EDGAR · CIK 921582 · Photographic Equipment & Supplies

Guidance and outlook

Imax: what its forward-looking statements are about (10-Q filed 2026-11-05)Imax: what its forward-looking statements are about (10-Q filed 2026-11-05)Other14Costs5Margins2Tax2Financing2Backlog1People1Demand1
28 statements; tone +0.00 (−1 all cautious, +1 all confident); 2 hedged.
Imax: outlook statements against the filing beforeImax: outlook statements against the filing beforeConfident5Cautious5

13F: who owns IMAX and who is buying

Largest holders of IMAX (13F)Largest holders of IMAX (13F)Orbis Allan Gray$205MNomura Asset Management Internati…$117MBlackRock$116MWestfield Capital Management Co LP$106MDriehaus Capital Management LLC$93.3MFMR LLC$92.6MAmeriprise Financial$70.6MGoldman Sachs Group$66.0MPrice T Rowe Associates$57.7MRoyce & Associates LP$53.5M
Funds' net buying of IMAX by quarter (13F)Funds' net buying of IMAX by quarter (13F)$4.3M2024-09$35.8M2024-12$30.5M2025-03$15.1M2025-06$25.8M2025-09−$208M2025-12−$39.0M2026-03$70.4M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on IMAX

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

Compare IMAX with

中文版：Imax（IMAX）财报

Español · Français