Filing Flows › Imax (IMAX) › Q3 2026 › vs Q3 2025
Imax (IMAX) Q3 2026 vs Q3 2025 (year over year)
Imax's revenue rose $67.9M (+64%) from $107M in Q3 2025 to $175M in Q3 2026. The biggest changes: Image enhancement and maintenance services +$49.9M (+82%); Technology rentals +$18.1M (+78%); Technology sales −$484K (-3%). Gross margin 72.4% against 63.1% (+9.3 pts).
Imax, Q3 2026: revenue $175M (+64% year over year), operating margin 42.9%, net earnings $114M, operating cash flow $86.1M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 72.4% | 63.1% | +9.3 pts |
| Operating margin | 42.9% | 27.2% | +15.7 pts |
| Net margin | 65.2% | 19.4% | +45.8 pts |
| Free cash flow margin | 48.2% | 60.7% | -12.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Image enhancement and maintenance services | $111M | $61.0M | $49.9M | +82% |
| Technology rentals | $41.4M | $23.3M | $18.1M | +78% |
| Technology sales | $18.9M | $19.4M | −$484K | -3% |
| Finance income | $3.3M | $2.9M | $345K | +12% |
| Revenue | $175M | $107M | $67.9M | +64% |
| Gross profit | $126M | $67.3M | $59.0M | +88% |
| Cost of revenue | $48.2M | $39.4M | $8.9M | +23% |
| Operating profit | $74.9M | $29.0M | $45.8M | +158% |
| Operating expenses | $51.4M | $38.2M | $13.2M | +35% |
| Pre-tax earnings | $73.8M | $27.8M | $46.0M | +165% |
| Other expense, net | $1.1M | $1.2M | −$125K | -10% |
| Research & development | $1.9M | $1.5M | $395K | +26% |
| SG&A | $39.1M | $34.2M | $4.9M | +14% |
| Other operating costs | $10.4M | $2.5M | $7.9M | +317% |
| Income tax benefit | $43.3M | −$5.2M | $48.5M | — |
| Net earnings | $114M | $20.7M | $93.1M | +451% |
| Minority interests | $3.3M | $2.0M | $1.3M | +67% |
| Depreciation & amortization | $26.8M | $15.6M | $11.2M | +72% |
| Share-based compensation | $9.8M | $6.3M | $3.5M | +56% |
| Working capital & other | $64.3M | −$24.9M | $89.3M | — |
| Operating cash flow | $86.1M | $67.5M | $18.6M | +28% |
| Free cash flow (OCF − capex) | $84.2M | $64.8M | $19.4M | +30% |
| Capital expenditures | $1.9M | $2.7M | −$802K | -29% |
Questions
How much did Imax's revenue grow year over year in Q3 2026?
Imax's revenue rose $67.9M (+64%) from $107M in Q3 2025 to $175M in Q3 2026.
What drove Imax's revenue change in Q3 2026?
Image enhancement and maintenance services +$49.9M (+82%); Technology rentals +$18.1M (+78%); Technology sales −$484K (-3%).