IMAX reported a transformational year in 2025, exceeding key financial and box office targets with record revenue and strong operating profitability. The company is leveraging this momentum to expand its global network and anticipates another strong year in 2026, driven by a robust content slate and growing market share.
Record full-year revenue of $410.2 million, up 16% year-over-year.
positiveRecord cash from operating activities of $127.1 million, up 79% year-over-year.
positiveHighest grossing year ever for IMAX at the global box office with $1.28 billion.
positiveRecord Adjusted EBITDA margin of 45.1% for the full year, an expansion of 570 basis points.
positiveSystem installations of 160 in 2025, at the high end of guidance, with signings eclipsing 2024 by 28%.
positiveNet income for Q4 2025 decreased 64% year-over-year to $2.5 million, and net income margin compressed from 7.4% to 2.0%.
negativeNet income attributable to common shareholders decreased 89% year-over-year in Q4 2025 to $0.6 million.
negativeGoodwill impairment of $7.0 million recognized in the full year 2025.
attentionRestructuring charges and other impairments of $1.6 million in Q4 2025 and $2.5 million for the full year.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Content Solutions | N/A | — | — | — |
Technology Products and Services | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
2025 was a transformational year for IMAX, in which we took our performance to the next level and firmly established IMAX as a premier global platform for entertainment and events.
We exceeded virtually every target for box office and financial performance for the year and expect to deliver a record $1.4 billion in global box office in 2026.
Our slate for 2026 is arguably the strongest we’ve ever seen, with a record of at least 12 Filmed For IMAX releases worldwide.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.