IMAX Corporation (NYSE: IMAX) today reported third‑quarter 2025 results, posting total revenue of $106.7 million, up 17% year‑over‑year, and a gross margin of $67.3 million, a 32% increase from the $51.0 million reported in Q3 2024. Net income rose to $22.6 million, a 48% jump, while diluted earnings per share reached $0.37, up 42% from $0.26 in the prior year. Adjusted EBITDA climbed to $51.8 million, a 34% increase, and the adjusted EBITDA margin expanded to 48.6%, up 6.3 percentage points from 42.3% in Q3 2024.
The company’s two operating segments continued to drive growth: Content Solutions generated $44.8 million in revenue with a 71% gross margin, and Technology Products and Services delivered $60.4 million in revenue with a 58% gross margin. System installations are proceeding at the high end of the 2025 guidance, with 142 system signings year‑to‑date and a backlog of 516 systems, positioning the firm to meet its 150‑160 installation target for the full year. Operating cash flow for the nine‑month period increased 65% year‑over‑year to $98 million, reflecting stronger profitability and efficient working‑capital management.
Cash and liquidity remain robust: the company held $143 million in cash and cash equivalents and had $346 million of available borrowing capacity under its credit facility, which was renewed and expanded to $375 million in July 2025. Total debt stood at $261 million, while the share‑repurchase program was increased to $500 million, with $251 million still available for future buybacks. These financial metrics underscore IMAX’s solid balance sheet and capacity to fund continued network expansion and content development.
Looking ahead, IMAX reaffirmed its 2025 guidance, maintaining a target of $1.2 billion in global box office and adjusted EBITDA margins of at least 40%. The company highlighted its growing portfolio of “Filmed for IMAX” titles and the acceleration of system installations as key drivers of future growth. With a strong cash position, expanded credit facility, and a robust pipeline of high‑profile releases, IMAX is positioned to sustain its momentum through the remainder of 2025.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.