Filing Flows › Imax (IMAX) › Q2 2025
Imax (IMAX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
Imax (IMAX) reported revenue of $91.7M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +6% from the quarter before. Operating margin was 15.6%, net earnings $11.3M (12.3% of revenue).
Imax, Q2 2025: revenue $91.7M (+3% year over year), operating margin 15.6%, net earnings $11.3M, operating cash flow $23.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $91.7M | +6% | +3% |
| Gross profit | $53.6M | +0.8% | +22% |
| Operating profit | $14.3M | -14% | +400% |
| Net earnings | $11.3M | +384% | +214% |
| Operating cash flow | $23.2M | +234% | -34% |
| Free cash flow | $20.9M | +293% | -38% |
What changed
Revenue was $91.7M in Q2 2025, up 3% year over year and up 6% from the previous quarter. Image enhancement and maintenance services was the largest line at 55% of revenue. Technology rentals added $5.1M year over year (up 36%), 186% of the total change. Technology sales declined 8%.
Gross margin was 58.5%, up 9.1 points from a year earlier. Operating profit was $14.3M, a 15.6% margin (up 12.4 points year over year). Of the extra revenue versus a year earlier, 421% reached operating profit, above the 3% margin then. Operating expenses fell 4% while revenue rose 3%. The fastest-growing cost line was Other operating costs (+65%). Net earnings were $11.3M, up 214% year over year. The effective tax rate was 8.9%.
Operating cash flow was $23.2M (down 34% year over year), 190% of net income including minority interests. Non-cash charges added back $15.9M of depreciation and amortization and $7.4M of share-based compensation. Working capital and other items used $12.3M. Capital expenditures of $2.4M left free cash flow of $20.9M.
Questions
What was Imax's revenue in the second quarter 2025?
Imax (IMAX) reported revenue of $91.7M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +6% from the quarter before.
Was Imax profitable in the second quarter 2025?
Operating profit was $14.3M (15.6% of revenue) and net earnings $11.3M.
Source: Imax 10-Q on SEC EDGAR.