IMAX · NYSE · Entertainment

IMAX (IMAX)

Supplies premium cinema systems and remasters films for a global exhibitor network.

$52.98
vs last close−1.06 (−1.96%)
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IMAX CorporationIMAX
Communication Services

Sells and leases premium theater systems, maintains the installed network, and remasters and distributes films for presentation in its format. Exhibitors run nearly every venue, while system agreements and film releases generate upfront, recurring, and box-office-linked revenue.

Sells and leases premium theater systems, licenses its trademarks, and supplies ongoing maintenance through Technology Products and Services. Content Solutions remasters films for its projection and sound formats, distributes that content across the network, and handles documentaries, events, and post-production work. Proprietary projection, audio, auditorium design, remastering, and network monitoring support consistent premium presentations.

Operates chiefly as a technology and content partner: exhibitors own and run nearly every venue, while sales, long-term leases, and joint revenue-sharing agreements generate system income. Film remastering and distribution add a share of box office receipts. Most commercial systems are outside the United States and Canada, and Greater China is the largest market. Revenue depends on exhibitor investment and installations, studio and filmmaker access, release schedules, and the box office performance of third-party content.

Company facts

CEORichard L. Gelfond
ListedJun 9, 1994
ExchangeNYSE
HeadquartersNew York, NY
CountryCanada
Employees679
CIK0000921582
ISINCA45245E1097

Market cap$2.96B
EPS (ttm)$0.7262
P/E (ttm)74.41
ROE11.9%
P/B8.33
P/S7.12
Dividend yieldDiv yield
Beta0.17vs XLC 0.33

Price target$52.00−3.8%Average of 25 analysts
ConsensusBuy15 of 25 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 9, 2026Rosenblatt SecuritiesTarget
Target: $27
Target: $65
Sep 3, 2026Roth CapitalReiterate
Rating: Target: $50
Rating: BuyTarget: $60
Jul 24, 2026Roth CapitalReiterate
Rating: Target: $48
Rating: BuyTarget: $50
Jul 24, 2026BarringtonTarget
Target: $46
Target: $50
Jul 24, 2026WedbushReiterate
Rating: Target: $46
Rating: OutperformTarget: $54

Next report
Oct 22, 26
in 30 days
EPS estimate
$0.64
Revenue estimate
$140.5M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$0.27$0.13$0.26$0.47$0.58$0.17$0.43Pending
Estimate$0.29$0.11$0.19$0.35$0.43$0.15$0.30$0.64
Surprise−6.9%+18.2%+36.8%+34.1%+34.9%+13.3%+41.1%

RevenueReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$92.7M$86.7M$91.7M$106.2M$125.2M$81.4M$102.8MPending
Estimate$104.1M$93.0M$99.2M$102.9M$120.7M$79.8M$94.7M$140.5M
Surprise−11.0%−6.8%−7.5%+3.2%+3.7%+1.9%+8.6%
Estimate$0.64
ReportedDue Oct 22, 2026
Estimate$140.5M
ReportedDue Oct 22, 2026
View details

Debt to equity79.40%
Current ratio266.30%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$91.5M$92.7M$86.7M$91.7M$106.7M$125.2M$81.4M$102.8M
Net income$13.9M$5.3M$2.3M$11.3M$20.7M$637.0K$4.2M$15.4M
Net margin15.2%5.7%2.7%12.3%19.4%0.5%5.2%15.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$19.4M$9.5M$16.7M$15.5M$29.0M$32.3M$10.0M$20.8M
YoY growth−11.9%+247.3%+38.7%+440.9%+49.6%+239.8%−40.5%+33.7%

Balance sheet, Jun 30, 2026Cash & short-term investments $159.9M · Total debt $282.6M · Total assets $917.9M · Shareholders' equity $355.9M

Revenue
$102.8M
Operating income
$20.8M
Net income
$15.4M
View details

No dividends on record.

Institutions94.28%50.90M shares
273 holders · as of Jun 30, 2026
Insiders18.45%9.96M shares
21 holders · as of Sep 11, 2026
Strategic holders16.53%8.92M shares
3 holders · as of May 15, 2026
Adds to129.26%

53.99M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 129.26%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Kevin Douglas1,2Insiderdirector, 10 percent owner, other: 13(d)(3) group
15.47%8.35Mfiled Jun 15, 2026
PRIMECAP Management CompanyInstitution
10.22%5.52Mfiled Feb 12, 2020
Orbis Allan Gray LtdInstitution
9.54%5.15Mas of Jun 30, 2026
Orbis Investment Management LimitedInstitution
9.50%5.13Mfiled Feb 17, 2026
Nomura Asset Management International Inc.Strategic
6.86%3.70Mfiled May 15, 2026
  1. Kevin Douglas's transaction reports restate only vehicles that traded; the 2026 ownership statement (8.35M) plus the 3.4K net shares acquired since is used instead.
  2. Kevin Douglas reports a block also reported by Nomura Asset Management International Inc.; it is counted once, under Nomura Asset Management International Inc.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 10, 2026Robert D. Listerofficer: Chief Legal Officer Sr Exec VP−22,500$51.58
Aug 25, 2026Mark Weltonofficer: President IMAX Global Theatres−30,000$54.47
Aug 25, 2026Kenneth Ian Weissmanofficer: Deputy GC, Corp. Sec. & CCO−8,000$54.54
Aug 24, 2026Natasha Fernandesofficer: Chief Financial Officer & EVP−20,000$54.63
Aug 20, 2026Calamera Pabloofficer: CTO & EVP−15,000$52.41
View details

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