IMAX Corp 2026年季度报告

Form 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended March 31, 2026☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 IMAX Corporation (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ IMAX CORPORATION PART I. FINANCIAL INFORMATION IMAX CORPORATION PART I. FINANCIAL INFORMATION Item 1.Financial Statements The following unaudited Condensed Consolidated Financial Statements are filed as part of this Report: Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 20254Condensed Consolidated Statements of Operations for the three months ended March 31, 2026 and 20255Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31, 2026 and 20256Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 20257Condensed Consolidated Statements of Shareholders’ Equity for the three months ended March 31, 2026 and 20258 Table of Contents IMAX CORPORATIONNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1. Basis of Presentation Accounting Principles IMAX Corporation (together with its subsidiaries, unless the context requires otherwise, the “Company” or “IMAX”), preparesfinancial statements in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP” or “GAAP”) andpursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnotedisclosures have been condensed or omitted as permitted by such rules and regulations. In the opinion of the Company’s management,the unaudited Condensed Consolidated Financial Statements reflect all necessary adjustments for a fair statement of interim results. The These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated FinancialStatements in the 2025 Form 10-K, which includes significant accounting policies adopted by the Company. Principles of Consolidation These unaudited Condensed Consolidated Financial Statements include the accounts of IMAX together with its consolidatedsubsidiaries, except for subsidiaries which have been identified as variable interest entities (“VIEs”) where the Company is not the The Company has interests in ten film production companies, which have been identified as VIEs. The Company is the primarybeneficiary of and consolidates five of these entities as it has the power to direct the activities that most significantly impact theeconomic performance of the VIE, and it has the obligation to absorb losses or the right to receive benefits from the respective VIE thatcould potentially be significant. The majority of the assets relating to these production companies are held by the IMAX Original FilmFund (the “Original Film Fund”). The Company does not consolidate the other five film production companies because it does not have Estimates and Assumptions In preparing the Company’s Condensed Consolidated Financial Statements, management makes judgments in applying variousaccounting policies. The areas of policy judgment are consistent with those reported in Note 2 of the Company’s audited ConsolidatedFinancial Statements included in its 2025 Form 10-K. The significant estimates made by management include, but are not limited to: (i)the allocation of the transaction price in an IMAX System arrangement to distinct performance obligations; (ii) the amount of variableconsideration to be earned on sales of IMAX Systems based on projections of future box office performance and inflation; (iii) expectedcredit losses on accounts receivable, financing receivables, and variable consideration receivables; (iv) provisions for the write-down ofexcess and o