Imax Corp is a US-listed company in the movies & entertainment industry. Its financial year ends in December.
Stock price today
Loading chart…
Third-party market data · may be delayed
Model estimate per share
~$48
Forward price-to-earnings vs peers
Base case. Range ~$35–$86. Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings.
Price vs value
No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.
Imax Corp valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Insiders0 buying, 9 selling0 purchases and 28 sales by directors and officers, last 12 monthsInsider trades
- Funds131 adding, 109 cuttingOf 45 active managers that changed their stake, 20 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 59% in the quarter to 2026-06-30, the 4th beat in the last four quarters.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
- Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
- Estimates rising. Analysts' consensus for next year's earnings per share has risen 10.7% over 90 days.
Things to watch
- Insiders selling. 9 insiders sold $70M of stock over the past 365 days and none bought (65% under pre-set trading plans).
- Heavily shorted. 19.1% of the shares available to trade are sold short (6.6 days of average volume to cover).
Latest results
- Earnings per share
- $0.43 against an average estimate of $0.27: beat by 58.8%
- Share reaction
- +10.4% in the first session after the results on July 23, 2026, against -1.1% for the S&P 500
- Next report
- November 5, 2026; average EPS estimate $1.03
Price chart
- 1 day+1.3%
- 1 week-3.9%
- 1 month-4.3%
- This year+34.7%
- 1 year+54.6%
- 5 years+156.2%
- S&P 500 this year+11.2%
Loading chart…
Third-party market data · may be delayed
At a glance
Earnings
- Last results
- July 23, 2026
News & updates
Company announcements, filed results and changes that matter to shareholders.
- Insider tradeSEC Form 4
- Insider trade
Welton Mark (President IMAX Global Theatres) sold $1.6M of stock
SEC Form 4 - Insider trade
Fernandes Natasha (Chief Financial Officer & EVP) sold $1.1M of stock
SEC Form 4 - Leadership
Imax Corp announced a director or officer change
SEC 8-KRead source ↗ - Insider trade
Gelfond Richard L (Chief Executive Officer) sold $5.3M of stock, under a pre-arranged trading plan
SEC Form 4 - Insider trade
Gelfond Richard L (Chief Executive Officer) sold $10.9M of stock, under a pre-arranged trading plan
SEC Form 4 - Insider trade
Gelfond Richard L (Chief Executive Officer) sold $7.7M of stock, under a pre-arranged trading plan
SEC Form 4 - Results
Imax Corp reported results
SEC 8-KRead source ↗
Valuation models
We value Imax Corp as an operating company, with every model that fits that kind of business. Cost of equity 7.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.6 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. | — | Does not apply: no revenue, margin or share count to start from |
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$48 ~$35–$86 | Included |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. | — 0 | Does not apply: no positive value |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: revenue and margins don't support a positive value |
| Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$48 ~$35–$86 | 1 model |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Imax Corp with Movies & Entertainment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Forecasts and guidance
Next results: November 5, 2026, before the open. Analysts expect revenue of $168m and EPS of $1.03 (range $0.82 to $1.21) for the quarter.
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $2.23 | +54% | $484m | +18% |
| Next | $2.27 | +2% | $494m | +2% |
Next year's EPS estimate has moved +10.7% in 90 days, across 9 analysts.
How the EPS forecast has moved
The consensus EPS forecast for the current fiscal year is +22.4% on 90 days ago. In the last 30 days, 3 analysts raised Imax Corp's forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
View chart data
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $1.82 | $2.05 |
| 60 days ago | $1.84 | $2.07 |
| 30 days ago | $1.92 | $2.10 |
| 7 days ago | $2.13 | $2.23 |
| Now | $2.23 | $2.27 |
Earnings against estimates
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.27 | $0.43 | +58.8% |
| Mar 2026 | $0.15 | $0.17 | +10.8% |
| Dec 2025 | $0.47 | $0.58 | +22.9% |
| Sept 2025 | $0.39 | $0.47 | +20.3% |
Adjusted EPS as companies report it, against the average analyst estimate.
Positioning
- Short interest
- 19.1% of tradable shares
- Days to cover
- 6.61 at average volume
- Short interest, 1 month
- +5% to October 15, 2026
- Held by institutions
- 99% of shares
- Held by insiders
- 17.9% of shares
- Employees
- 679 full time
Share-price performance
Market data may be delayedReturn and risk by year
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| IMAX | −1% | −18% | +3% | +70% | +44% | +35% |
| Industry peers (median) | −7% | −43% | +7% | +24% | +5% | +10% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| IMAX | 50% | 25% | 58% | 58% | 58% | 64% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| IMAX | −44% | −42% | −29% | −15% | −22% | −23% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 2, 2015: 82% from December 16, 2015 to March 17, 2020. Getting back needed a 453% gain, reached on February 26, 2026, 2172 days after the low.
Price behaviour
- 52-week range
- $32.53 – $56.33
- From 52-week high
- −11.6%
- vs 50-day average
- −5.0%
- vs 200-day average
- +16.0%
- Volatility (1 year)
- 44%
- Beta vs S&P 500
- 0.13
Share price after results
- Next day
- 5 up, 7 down typical move ±6.6%
- After a week
- 7 up, 5 down typical move ±9.3%
- After a month
- 8 up, 4 down typical move ±11.9%
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| July 23, 2026 | +10.4% | −1.1% | +21.1% | +34.2% |
| April 30, 2026 | −2.0% | +1.3% | −4.3% | +8.7% |
| February 25, 2026 | +13.4% | +0.3% | +11.8% | +2.5% |
| October 23, 2025 | −1.1% | +1.4% | +1.2% | +12.4% |
| July 24, 2025 | −7.5% | +0.5% | −11.2% | −6.8% |
| April 23, 2025 | −0.9% | +3.7% | +3.5% | +14.5% |
| February 19, 2025 | −0.3% | −0.2% | −4.8% | −2.0% |
| October 30, 2024 | +15.7% | −2.3% | +17.8% | +25.3% |
| July 25, 2024 | +12.7% | +0.6% | +18.8% | +19.9% |
| April 25, 2024 | −2.9% | +0.6% | −7.2% | −4.3% |
| February 27, 2024 | +12.0% | +0.1% | +8.3% | +3.2% |
| October 25, 2023 | −0.3% | −2.6% | −1.1% | −9.1% |
Fundamentals
Where the revenue comes from
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Reportable Segment Aggregation Before Other Operating | $403M | 98.1% | ▲ 18.1% |
| Technology Products and Services (part of Reportable Segment Aggregation Before Other Operating) | $251M | 62.4% | ▲ 16.3% |
| Content Solutions (part of Reportable Segment Aggregation Before Other Operating) | $151M | 37.6% | ▲ 21.3% |
| All Other Segments | $7.7M | 1.9% | ▼ 32.7% |
| Line of business | Revenue | YoY |
|---|---|---|
| Services | $218M | ▲ 13.4% |
| Image Enhancement and Maintenance Services | $218M | ▲ 13.4% |
| Technology Sales | $98.3M | ▲ 12.0% |
| Technology Rentals | $82.2M | ▲ 31.4% |
| Finance Income | $11.7M | ▲ 21.1% |
These categories overlap or exclude eliminations, so shares aren't shown.
| Region | Revenue | Share | YoY |
|---|---|---|---|
| United States | $145M | 35.3% | ▲ 5.1% |
| Greater China | $102M | 24.9% | ▲ 26.4% |
| Asia Excluding Greater China | $66.6M | 16.2% | ▲ 15.5% |
| Western Europe | $51.8M | 12.6% | ▲ 26.8% |
| Rest of World | $24.1M | 5.9% | ▲ 45.4% |
| Canada | $11.5M | 2.8% | ▲ 23.2% |
| Latin America | $9M | 2.2% | ▼ 0.3% |
From Imax Corp's 10-K filed February 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Who owns it
Funds buying and selling- Reported value
- $2B
- Institutions reporting
- 255
- Shares held vs prior quarter
- ▲ 5.4%
- Positions opened / closed
- 41 / 36
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Orbis Allan Gray Ltd | $205M | 5.1M | 10.0% | 0.0% |
| Nomura Asset Management International Inc. | $117M | 2.9M | 5.7% | ▼ 20.7% |
| Blackrock, Inc. | $116M | 2.9M | 5.7% | ▲ 10.9% |
| Westfield Capital Management Co LP | $106M | 2.7M | 5.2% | ▲ 13.5% |
| Congress Asset Management Co | $101M | 2.5M | 4.9% | ▲ 68.0% |
| Driehaus Capital Management LLC | $93.3M | 2.3M | 4.6% | ▲ 41.7% |
| FMR LLC | $92.6M | 2.3M | 4.5% | ▼ 25.5% |
| Ameriprise Financial Inc | $70.6M | 1.8M | 3.4% | ▲ 33.3% |
| Goldman Sachs Group Inc | $66M | 1.7M | 3.2% | ▲ 90.4% |
| Jpmorgan Chase & Co | $58.8M | 1.5M | 2.9% | ▲ 49.5% |
| Price T Rowe Associates Inc | $57.7M | 1.4M | 2.8% | ▲ 51.6% |
| Royce & Associates LP | $53.5M | 1.3M | 2.6% | ▲ 7.8% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Imax Corp's complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chart| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Lister Robert D Chief Legal Officer Sr Exec VP | September 10, 2026 | Sell | 22,500 | $51.58 | $1.2M |
| Weissman Kenneth Ian Deputy GC, Corp. Sec. & CCO | August 25, 2026 | Sell | 8,000 | $54.54 | $436,320 |
| Welton Mark President IMAX Global Theatres | August 25, 2026 | Sell | 30,000 | $54.47 | $1.6M |
| Fernandes Natasha Chief Financial Officer & EVP | August 24, 2026 | Sell | 20,000 | $54.63 | $1.1M |
| Gelfond Richard L Chief Executive Officer | August 20, 2026 | Sell pre-set plan | 100,000 | $53.23 | $5.3M |
| Pablo Calamera CTO & EVP | August 20, 2026 | Sell | 15,000 | $52.41 | $786,150 |
| Gelfond Richard L Chief Executive Officer | August 19, 2026 | Sell pre-set plan | 205,504 | $53.27 | $10.9M |
| Gelfond Richard L Chief Executive Officer | August 18, 2026 | Sell pre-set plan | 151,253 | $51.00 | $7.7M |
| Zlatar Jose Aleksandr SVP, Controller & PAO | August 6, 2026 | Sell | 500 | $49.90 | $24,950 |
| Gelfond Richard L Chief Executive Officer | April 27, 2026 | Sell pre-set plan | 8,943 | $37.33 | $333,842 |
| Gelfond Richard L Chief Executive Officer | April 17, 2026 | Sell pre-set plan | 34,182 | $37.06 | $1.3M |
| Gelfond Richard L Chief Executive Officer | April 16, 2026 | Sell pre-set plan | 41,737 | $37.05 | $1.5M |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Trades by members of Congress
All 6 trades and filingsNo trades in Imax Corp disclosed in the last 12 months; 6 earlier trades on record.
- Earl BlumenauerSale (full), $1,001 - $15,000, traded June 17, 2022, filed July 6, 2022
- Earl BlumenauerSale (partial), $1,001 - $15,000, traded June 16, 2022, filed July 6, 2022
- Earl BlumenauerPurchase, $1,001 - $15,000, traded February 11, 2022, filed March 7, 2022
Earnings dates and SEC filings
Results announcements
Next expected around October 22, 2026 estimated from the company's past filing pattern, not announced
- July 23, 2026
- April 30, 2026
- February 25, 2026
- October 23, 2025
- July 24, 2025
- April 23, 2025
Recent SEC filings
- 8-K Current report
- 10-Q Quarterly report
- 8-K Current report
- 8-K Current report
- 10-Q Quarterly report
- 8-K Current report
- DEF 14A Proxy statement
- 8-K Current report
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Imax Corp in brief
- What does Imax Corp do?
- Imax Corp is a US-listed company in the movies & entertainment industry. Its financial year ends in December.
- What is Imax Corp's stock ticker?
- Imax Corp trades under the ticker IMAX on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
- Who are Imax Corp's largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Orbis Allan Gray Ltd, Nomura Asset Management International Inc. and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- Are insiders buying or selling Imax Corp stock?
- Over the last 12 months, Imax Corp's directors and officers reported 0 open-market purchases and 28 sales on Form 4. The insider trading page charts every trade.
- When is Imax Corp's next earnings date?
- Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Imax Corp announces its own schedule.
Follow research on Imax Corp
New research on the companies we cover arrives in the weekly email. Free, one email a week.