Filing Flows › Imax (IMAX) › Q1 2025
Imax (IMAX) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 23, 2025
Imax (IMAX) reported revenue of $86.7M for the first quarter 2025 (Q1 2025), +10% from a year earlier and -6% from the quarter before. Operating margin was 19.3%, net earnings $2.3M (2.7% of revenue).
Imax, Q1 2025: revenue $86.7M (+10% year over year), operating margin 19.3%, net earnings $2.3M, operating cash flow $7.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $86.7M | -6% | +10% |
| Gross profit | $53.2M | +10% | +13% |
| Operating profit | $16.7M | +76% | +39% |
| Net earnings | $2.3M | -56% | -29% |
| Operating cash flow | $7.0M | -39% | — |
| Free cash flow | $5.3M | -23% | — |
What changed
Revenue was $86.7M in Q1 2025, up 10% year over year and down 6% from the previous quarter. Image enhancement and maintenance services was the largest line at 59% of revenue. Technology sales added $5.6M year over year (up 71%), 74% of the total change.
Gross margin was 61.4%, up 2.1 points from a year earlier. Operating profit was $16.7M, a 19.3% margin (up 4.1 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, above the 15% margin then. Operating expenses grew 5% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+21%). Net earnings were $2.3M, down 29% year over year. The effective tax rate was 47.2%.
Operating cash flow was $7.0M, 85% of net income including minority interests. Non-cash charges added back $14.9M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items used $21.3M. Capital expenditures of $1.6M left free cash flow of $5.3M.
Questions
What was Imax's revenue in the first quarter 2025?
Imax (IMAX) reported revenue of $86.7M for the first quarter 2025 (Q1 2025), +10% from a year earlier and -6% from the quarter before.
Was Imax profitable in the first quarter 2025?
Operating profit was $16.7M (19.3% of revenue) and net earnings $2.3M.
Source: Imax 10-Q on SEC EDGAR.