IMAX (IMAX)
Supplies premium cinema systems and remasters films for a global exhibitor network.
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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
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 9, 2026 | Rosenblatt Securities | Target | Target: $27 | Target: $65 |
| Sep 3, 2026 | Roth Capital | Reiterate | Rating: —Target: $50 | Target: $60 |
| Jul 24, 2026 | Roth Capital | Reiterate | Rating: —Target: $48 | Target: $50 |
| Jul 24, 2026 | Barrington | Target | Target: $46 | Target: $50 |
| Jul 24, 2026 | Wedbush | Reiterate | Rating: —Target: $46 | Target: $54 |
EPSReportedEstimate
RevenueReportedEstimate
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
No dividends on record.
| Institutions | 94.28% | 50.90M shares | |
|---|---|---|---|
| 273 holders · as of Jun 30, 2026 | |||
| Insiders | 18.45% | 9.96M shares | |
| 21 holders · as of Sep 11, 2026 | |||
| Strategic holders | 16.53% | 8.92M shares | |
| 3 holders · as of May 15, 2026 | |||
| Adds to | 129.26% | ||
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
| Holder | Stake | Shares | Date |
|---|---|---|---|
Kevin Douglas1,2Insiderdirector, 10 percent owner, other: 13(d)(3) group | 15.47% | 8.35M | filed Jun 15, 2026 |
PRIMECAP Management CompanyInstitution | 10.22% | 5.52M | filed Feb 12, 2020 |
Orbis Allan Gray LtdInstitution | 9.54% | 5.15M | as of Jun 30, 2026 |
Orbis Investment Management LimitedInstitution | 9.50% | 5.13M | filed Feb 17, 2026 |
Nomura Asset Management International Inc.Strategic | 6.86% | 3.70M | filed May 15, 2026 |
- 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.
- 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
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 10, 2026 | Robert D. Lister | officer: Chief Legal Officer Sr Exec VP | −22,500 | $51.58 |
| Aug 25, 2026 | Mark Welton | officer: President IMAX Global Theatres | −30,000 | $54.47 |
| Aug 25, 2026 | Kenneth Ian Weissman | officer: Deputy GC, Corp. Sec. & CCO | −8,000 | $54.54 |
| Aug 24, 2026 | Natasha Fernandes | officer: Chief Financial Officer & EVP | −20,000 | $54.63 |
| Aug 20, 2026 | Calamera Pablo | officer: CTO & EVP | −15,000 | $52.41 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| IMAX | $52.98 | −1.96% | $2.96B | 74.4 | 26.7 | 7.1 | +12.1% |
| Dolby | $56.56 | −1.34% | $5.45B | 24.4 | 12.5 | 4.0 | −3.3% |
| Cinemark | $36.03 | −0.61% | $4.20B | 20.1 | 15.2 | 1.2 | +15.5% |
| AMC Entertainment | $2.96 | +2.25% | $2.58B | — | — | 0.5 | +15.6% |
| GraniteShares Gold Trust | $42.56 | −0.49% | $1.41B | — | — | — | — |
| Median | 22.3 | 13.9 | 1.2 | +15.5% |






