IMAX Corporation
imax.comWhat Do They Do?
Sells and leases premium theater systems to exhibitors, and remasters and distributes films and other content for movie studios and content creators.
10-K for FY2025, filed Feb 25, 2026The Company leverages its proprietary technology and engineering in its business, which principally consists of the digital remastering of…View ↗
IMAX Systems are based on proprietary and patented image, audio and other technology developed over the course of the Company’s history.…View ↗
IMAX Film Remastering – The digital remastering of films and other content into IMAX formats for distribution to the IMAX network. Film…View ↗
The Company assesses and evaluates its performance based on the operating results of the Content Solutions and Technology Products and…View ↗
How Do They Make Money?
Exhibitors pay for theater systems, leases and annual maintenance; studios and other content owners pay fixed or box-office-based distribution fees, with additional participation after costs are recovered. System payments may arrive in progress payments before IMAX completes its obligations.
10-K for FY2025, filed Feb 25, 2026IMAX Systems are based on proprietary and patented image, audio and other technology developed over the course of the Company’s history.…View ↗
The Company believes that the IMAX network is a valuable global platform to launch and distribute original content, including…View ↗
In instances where the Company receives consideration prior to satisfying its performance obligations, the recognition of revenue is…View ↗
$410.2M
-
10-K for FY2025, filed Feb 25, 2026
$410.2M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Technology sales
Sold outright
10-K for FY2025, filed Feb 25, 2026 |
24%
FY2022: 23%
|
Technology sales, FY2025
$98.3M Sources
|
Sold outright |
|
Image enhancement and maintenance services
|
53%
FY2022: 54%
|
Image enhancement and maintenance services, FY2025
$217.9M Sources
|
|
|
Technology rentals
Recurring
10-K for FY2025, filed Feb 25, 2026 |
20%
FY2022: 21%
|
Technology rentals, FY2025
$82.2M Sources
|
Recurring |
|
Finance income
|
2.9%
FY2022: 2.8%
|
Finance income, FY2025
$11.7M Sources
|
Who Are Their Customers?
Commercial multiplex exhibitors are the main system customers; museums, science centers and destination venues also buy or lease systems. IMAX sells systems through its direct sales staff, with consultants and brokers helping locate customers, and contracts with studios and other content creators for film remastering and distribution.
10-K for FY2025, filed Feb 25, 2026IMAX Systems are based on proprietary and patented image, audio and other technology developed over the course of the Company’s history.…View ↗
The Company markets IMAX Systems through a direct sales force and marketing staff located in offices in Canada, the United States, Greater…View ↗
IMAX currently estimates a worldwide commercial multiplex addressable market of 4,466 commercial locations, of which there were 1,796…View ↗
The Company assesses and evaluates its performance based on the operating results of the Content Solutions and Technology Products and…View ↗
Revenue by geographic area is based on the location of the customer. Revenue related to IMAX Film Remastering process is presented based…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 9 cents of every revenue dollar as net income in FY2025 and turned 29 cents into free cash flow.
10-K for FY2025, filed Feb 25, 2026
$84.2MView ↗
10-K for FY2025, filed Feb 25, 2026
$34.9MView ↗
10-K for FY2025, filed Feb 25, 2026
$118.9MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Jul 23, 2026
$15.4MView ↗
- ▲ +37%
- vs $11.3M in Q2 FY2025
10-Q for Q2 FY2026, filed Jul 23, 2026
Open tableView ↗
-
Apr 17, 2026
CEO took temporary medical leave
Robert Lister was appointed interim principal executive officer during Richard Gelfond’s temporary medical leave, with Gelfond expected to resume the role after May 1.
Sources
8-K, filed Apr 17, 2026
As previously announced on March 30, 2026, Richard Gelfond, the Chief Executive Officer of IMAX Corporation (the “Company”), is on a…View ↗
Growing. Revenue grew 61% in 4 years, from $254.9M in FY2021 to $410.2M in FY2025, about 13% a year.
Broader event programming
The older report described live performances and interactive events; the latest explicitly includes music, gaming and sports among exclusive content distributed to commercial theaters.
10-K for FY2022, filed Feb 22, 2023 10-K for FY2025, filed Feb 25, 2026IMAX is a premier global technology platform for entertainment and events. Through its proprietary software, theater architecture, patented…View ↗
IMAX Film Remastering – The digital remastering of films and other content into IMAX formats for distribution to the IMAX network. Film…View ↗
Loading...
