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IMAX Corporation

IMAX

Communication Services · 51.31 -0.6% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

IMAX Corporation's current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 2 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 11 directly disclosed connections are confirming.

Company-0.6% todayVolume comparison unavailable
Market group0 of 2 activeShared Infrastructure Providers · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • IMAX's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if IMAX's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Communication Services · Entertainment

No new filing conclusion is available. 0 of 2 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 11 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • IMAX's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations319
Usable filing statements143
Verified relationships11
Evidence supporting the case
  • Latest annual revenue changed +16.5% year over year.
  • Operating margin changed +8.1 percentage points in the latest annual period.
  • Net margin changed +1.1 percentage points in the latest annual period.
  • Operating cash flow covered net income at 3.64x in the latest annual period.
Evidence challenging the case
  • Diluted shares increased 3.1% in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 4 filings.
  • Foreign exchange has repeated adverse evidence across 4 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 4 filings.
  • Labor availability and costs has repeated adverse evidence across 3 filings.
Questions before a position
  • P/E is 172% above the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 163% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

51.31
6m+19.8%12m+77.2%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$254.9M+86.0%$-0.38-0.2%
2022-12-31$300.8M+18.0%$-0.40-4.1%
2023-12-31$374.8M+24.6%$0.46-2.7%
2024-12-31$352.2M-6.0%$0.48-2.3%
2025-12-31$410.2M+16.5%$0.63+3.1%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 4 filings
Reconciliations of net income attributable to common shareholders, which is the most directly comparable GAAP measure, to EBITDA and Adjusted EBITDA per Credit Facility are presented in the tables below: 52 Table of Contents (In thousands of U.S.
10-Q · Apr 30, 2026
Foreign exchangenegative · 4 filings
For the three months ended March 31, 2026, the Company recorded a foreign exchange net loss of $0.6 million, resulting from changes in exchange rates related to foreign currency denominated monetary assets and liabilities (2025 — net loss of $0.4 million).
10-Q · Apr 30, 2026
Restructuring and cost reductionsnegative · 4 filings
The impairment charge was due to a change in the Company’s market focus, resulting in a downward adjustment to the SSIMWAVE reporting unit’s expected cash flows based on the discounted cash flow method.
10-K · Feb 25, 2026
Labor availability and costsnegative · 3 filings
Year-over-year the benefits of the Employee Retention Credit are partially offset by adjustments recorded in the prior year relating to payouts in connection with a prior year acquisition.
10-K · Feb 25, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 6.9× · EV/sales 6.6×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

51.31-0.6% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for IMAX. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for IMAX. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind IMAX

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

SONYSony Group CorporationpartnerApr 30, 2026

The Machine Comes Alive, and with Sony Pictures for the two-night-only screening of TOMMY in IMAX (50th Anniversary) .

AMZNAmazon.com, Inc.customerOct 23, 2025

These increases in revenue due to higher box office were partially offset by the revenue earned from the completion of the sale of the worldwide commercial and streaming rights of the Company’s original documentary, The Blue Angels , to Amazon Content recorde…

Depended on by

AMCAMC Entertainment Holdings, Inc.partnerFeb 23, 2026

A-List also includes premium offerings including IMAX ® , Dolby Cinema™ at AMC, RealD, Prime and other PLF brands.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 8 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

IMAX is currently a Early Follower in the organic co-movement group Shared Infrastructure Providers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for IMAX; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.