Filing Flows › Imax (IMAX) › Q1 2026
Imax (IMAX) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Imax (IMAX) reported revenue of $81.4M for the first quarter 2026 (Q1 2026), -6% from a year earlier and -35% from the quarter before. Operating margin was 12.2%, net earnings $4.2M (5.2% of revenue).
Imax, Q1 2026: revenue $81.4M (-6% year over year), operating margin 12.2%, net earnings $4.2M, operating cash flow $4.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $81.4M | -35% | -6% |
| Gross profit | $45.8M | -36% | -14% |
| Operating profit | $10.0M | -59% | -41% |
| Net earnings | $4.2M | +563% | +82% |
| Operating cash flow | $4.0M | -86% | -42% |
| Free cash flow | $1.9M | -93% | -64% |
What changed
Revenue was $81.4M in Q1 2026, down 6% year over year and down 35% from the previous quarter. Image enhancement and maintenance services was the largest line at 60% of revenue. Technology rentals lost $2.7M year over year (down 14%), 51% of the total change.
Gross margin was 56.3%, down 5.1 points from Q1 2025. Operating profit was $10.0M, a 12.2% margin (down 7.1 points year over year). Operating expenses fell 2% while revenue fell 6%. The fastest-growing cost line was Research & development (+37%). Net earnings were $4.2M, up 82% year over year. The effective tax rate was 28.5%.
Operating cash flow was $4.0M (down 42% year over year), 66% of net income including minority interests. Non-cash charges added back $15.2M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items used $23.0M. Capital expenditures of $2.1M left free cash flow of $1.9M.
Questions
What was Imax's revenue in the first quarter 2026?
Imax (IMAX) reported revenue of $81.4M for the first quarter 2026 (Q1 2026), -6% from a year earlier and -35% from the quarter before.
Was Imax profitable in the first quarter 2026?
Operating profit was $10.0M (12.2% of revenue) and net earnings $4.2M.
Source: Imax 10-Q on SEC EDGAR.