**IMAX Corporation Reports Record Box Office and Network Growth in 2025**
IMAX Corporation (IMAX) has released its annual report on Form 10-K, detailing its financial performance and operational developments for the year ended December 31, 2025. The company reported a record global box office of $1.28 billion, surpassing its previous record of $1.13 billion in 2019 by 13% and marking a 40% increase compared to 2024. This achievement was attributed to a diversified global programming and marketing strategy, including a record 122 new films and other content released during the year, with 67 being local language films. The company also achieved its highest grossing year at the domestic (United States and Canada) box office in 2025, with record box office in over 30 countries and territories worldwide, including China, Japan, Germany, India, Australia and Vietnam.
The company's total revenue for 2025 was $410.2 million, a 16% increase from $352.2 million in 2024. Gross margin also saw a significant rise, increasing by 29% to $246.2 million, compared to $190.2 million in the previous year. This growth was primarily driven by the strong global box office performance and higher system sales installation revenue. Net income attributable to common shareholders increased to $34.9 million, or $0.63 per diluted share, compared to $26.1 million, or $0.48 per diluted share, in 2024. Adjusted net income attributable to common shareholders, a non-GAAP measure, was $80.6 million, or $1.45 per diluted share, compared to $51.0 million, or $0.95 per diluted share, in the prior year.
IMAX expanded its global network by 3.2% in 2025, with 98 new IMAX Systems installations, bringing the total to 1,864 systems operating in 91 countries and territories. The company ended the year with a backlog of 434 IMAX Systems. International markets, excluding North America and Greater China, experienced an 8.4% expansion in the commercial network. The company's domestic box office market share reached a record 5.2%, while its global market share hit a record 3.8%, despite IMAX screens representing only approximately 1% of domestic and worldwide screens. The company also continued to expand its partnerships and the scope and diversity of content it releases across its platform, including exclusive concert films, limited-run theatrical events, and live screenings.
Looking ahead, IMAX is focused on expanding its network in international markets and bolstering its international film strategy with local language films. The company is also investing in research and development to further evolve its technology, including laser-based projection systems and AI tools. The company is also working with Apple TV to bring the 2026 FIA Formula One World Championship live to select IMAX locations across the United States for the first time ever. Five of the most iconic Grands Prix in F1 — Miami, Monaco, Silverstone, Monza, and Austin — will be available across at least 50 IMAX locations nationwide. Management expects to have sufficient capital and liquidity to fund its anticipated operating needs and capital requirements during the next twelve-month period.
About IMAX CORP
IMAX Corporation is a global entertainment technology company specializing in immersive cinema experiences. It develops and distributes proprietary film remastering, advanced projection and sound systems, and produces premium content including blockbuster films and documentaries. Its business model includes selling or leasing high-end IMAX theater systems, providing maintenance services, and leveraging its brand for premium film distribution and innovative live events worldwide.
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