Imax (IMAX) Q3 FY2026 earnings: revenue $175 million, up 63.7% on the year

Imax Corp. (IMAX) reported revenue of $175 million for Q3 FY2026, the quarter ended 30 September 2026, up 63.7% on the same quarter a year earlier. Net income was $114 million, up 450.9% on the year, and diluted earnings per share $1.96. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$175 million

+63.7% on the year · +69.7% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

42.9%

27.2% a year earlier

Q4 FY2024Q3 FY2026

Net income

$114 million

+450.9% on the year · +638.9% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$1.96

+429.7% on the year · +625.9% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Revenue up 64%, gross margin up 88%: Revenue was $174.6 million, up from $106.7 million, and gross margin was $126.3 million, up from $67.3 million, in the third quarter.
Adjusted EBITDA up 133% year-over-year: Adjusted EBITDA was $120.9 million, a 69.3% margin, up over 2,000 basis points from the prior-year margin, with nine-month Adjusted EBITDA of $199.4 million.
Diluted EPS $1.96, adjusted $2.21: Net income was $117.1 million and net income attributable to common shareholders was $113.8 million. Diluted EPS was $1.96 and adjusted diluted EPS was $2.21.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	175	103	107	+69.7%	+63.7%
Cost of revenue	48.2	39.9	39.4	+20.8%	+22.5%
Gross profit	126	62.9	67.3	+100.8%	+87.8%
Gross margin	72.4%	61.2%	63.1%
Research and development	1.9	1.7	1.5	+14.8%	+26.2%
Selling, general and administrative	39.1	34.5	34.2	+13.2%	+14.2%
Operating income	74.9	20.8	29.0	+260.4%	+157.8%
Operating margin	42.9%	20.2%	27.2%
Interest expense	1.8	2.0	1.8	-9.5%	-3.2%
Pre-tax income	73.8	19.4	27.8	+280.0%	+165.2%
Income tax	-43.3	3.5	5.2
Effective tax rate	-58.7%	18.1%	18.7%
Net income	114	15.4	20.7	+638.9%	+450.9%
Net margin	65.2%	15.0%	19.4%
Diluted EPS	$1.96	$0.27	$0.37	+625.9%	+429.7%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	86.1	32.0	67.5	+169.2%	+27.5%
Capital expenditure	1.9	0.0	2.7	+9,147.6%	-29.2%
Free cash flow	84.2	32.0	64.8	+163.3%	+29.9%
Free cash flow margin	48.2%	31.1%	60.7%
Cash from investing	-8.7	-6.1	-12.7
Cash from financing	-29.8	-11.5	-20.9
Depreciation and amortisation	26.8	15.7	15.6	+71.1%	+71.9%
Share-based compensation	9.8	7.3	6.3	+34.2%	+55.6%
Diluted shares, weighted	58m	57m	56m	+2.5%	+4.4%
Shares outstanding at period end	55m	55m	54m	+0.7%	+2.6%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	492	356	350	+38.1%	+40.6%
Non-controlling interest	97.8	93.8	86.5	+4.3%	+13.2%
Redeemable equity	0.7	0.7	0.7	+2.0%	+1.1%
Debt	244	283	257	-13.7%	-5.1%
Other liabilities	196	185	196	+5.9%	+0.1%
Total liabilities and equity	1,030	918	890	+12.2%	+15.8%
Fixed assets	238	239	244	-0.5%	-2.5%
Goodwill	39.0	45.8	52.8	-14.8%	-26.1%
Intangible assets	28.5	29.7	33.5	-4.1%	-14.8%
Cash and equivalents	208	160	143	+30.0%	+45.3%
Receivables	139	115	108	+21.4%	+28.2%
Inventory	45.2	39.2	41.4	+15.2%	+9.1%
Other assets	332	290	266	+14.8%	+24.8%
Total assets	1,030	918	890	+12.2%	+15.8%

Questions

What was Imax's revenue in Q3 FY2026?

Imax (IMAX) reported revenue of $175 million for Q3 FY2026, the quarter ended 30 September 2026, up 63.7% on the same quarter a year earlier.

How much did Imax earn in Q3 FY2026?

Net income for Q3 FY2026 was $114 million, up 450.9% on the year, and diluted earnings per share $1.96.

When did Imax report Q3 FY2026 results?

Imax filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022 †	Q3 FY2022	Q4 FY2022 * †	Q1 FY2023 †	Q2 FY2023	Q3 FY2023	Q4 FY2023 * †	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	109	60.0	74.0	68.8	98.0	86.9	98.0	104	86.0	79.1	89.0	91.5	92.7	86.7	91.7	107	125	81.4	103	175
Cost of revenue	44.5	28.3	29.9	37.1	49.2	36.9	40.1	41.2	42.3	32.2	45.0	40.4	44.3	33.5	38.1	39.4	53.1	35.6	39.9	48.2
Gross profit	64.0	31.8	44.0	31.7	48.8	50.1	57.9	62.7	43.7	46.9	43.9	51.0	48.4	53.2	53.6	67.3	72.1	45.8	62.9	126
Gross margin	59%	53%	60%	46%	50%	58%	59%	60%	51%	59%	49%	56%	52%	61%	58%	63%	58%	56%	61%	72%
R&D	1.2	1.2	1.4	1.1	1.6	1.9	2.8	2.8	2.7	2.2	2.0	-0.3	1.1	1.3	1.5	1.5	1.5	1.8	1.7	1.9
SG&A	n/a	30.2	37.1	32.9	37.9	34.1	38.9	36.3	35.1	31.3	37.6	31.5	32.4	33.5	35.3	34.2	35.5	32.5	34.5	39.1
Operating income	25.6	-8.0	-0.1	-4.2	7.5	11.4	14.2	22.0	2.7	12.1	2.9	19.4	9.5	16.7	14.3	29.0	24.1	10.0	20.8	74.9
Operating margin	24%	-13%	-0%	-6%	8%	13%	15%	21%	3%	15%	3%	21%	10%	19%	16%	27%	19%	12%	20%	43%
Interest expense	1.6	1.7	1.3	1.3	1.5	1.8	1.8	1.5	1.8	1.9	2.3	2.2	1.6	1.8	1.9	1.8	1.8	1.9	2.0	1.8
Pre-tax income	24.5	-9.3	-1.1	-5.4	6.1	10.0	13.1	21.6	1.5	10.6	1.1	17.7	8.3	15.4	13.4	27.8	6.6	8.5	19.4	73.8
Tax rate	45%	n/a	n/a	n/a	33%	49%	26%	30%	-127%	49%	-371%	13%	18%	47%	9%	19%	62%	29%	18%	-59%
Net income	10.1	-13.6	-2.9	-9.0	-3.1	2.5	8.4	12.0	2.5	3.3	3.6	13.9	5.3	2.3	11.3	20.7	0.6	4.2	15.4	114
Net margin	9%	-23%	-4%	-13%	3%	3%	9%	12%	3%	4%	4%	15%	6%	3%	12%	19%	1%	5%	15%	65%
Diluted EPS	$0.17	-$0.23	-$0.05	-$0.16	$0.05	$0.04	$0.15	$0.22	$0.05	$0.06	$0.07	$0.26	$0.10	$0.04	$0.20	$0.37	$0.01	$0.07	$0.27	$1.96
Operating cash flow	25.6	-3.8	-1.5	5.8	16.8	21.2	4.6	28.8	4.0	-11.0	35.0	35.3	11.5	7.0	23.2	67.5	29.4	4.0	32.0	86.1
Capital expenditure	1.2	0.7	2.2	2.3	3.2	0.4	0.6	1.5	4.0	1.1	1.6	1.1	4.6	1.6	2.4	2.7	1.4	2.1	0.0	1.9
Free cash flow	24.4	-4.5	-3.7	3.5	13.7	20.9	4.0	27.2	0.1	-12.1	33.5	34.2	6.9	5.3	20.9	64.8	28.0	1.9	32.0	84.2
Buybacks	n/a	6.3	43.1	4.2	n/a	3.7	0.4	0.3	n/a	17.9	0.2	0.0	n/a	0.0	n/a	n/a	n/a	n/a	n/a	n/a
Shares outstanding	59m	59m	56m	56m	54m	55m	55m	55m	53m	53m	53m	53m	53m	54m	54m	54m	54m	55m	55m	55m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.