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Side-by-side financial comparison of Bandwidth Inc. (BAND) and IMAX CORP (IMAX). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $125.2M, roughly 1.7× IMAX CORP). Bandwidth Inc. runs the higher net margin — 1.9% vs 0.5%, a 1.4% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 20.1%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $-1.0M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 9.7%).
Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.
IMAX Corporation is a Canadian production theatre company which designs and manufactures IMAX cameras and projection systems as well as performing film development, production, post-production and distribution to IMAX-affiliated theatres worldwide. Founded in Montreal in 1967, it has headquarters in the Toronto area, and operations in New York City and Los Angeles.
BAND vs IMAX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $125.2M |
| Net Profit | $4.0M | $637.0K |
| Gross Margin | 37.3% | 57.6% |
| Operating Margin | 60.5% | 19.3% |
| Net Margin | 1.9% | 0.5% |
| Revenue YoY | 20.1% | 35.1% |
| Net Profit YoY | 200.0% | -88.0% |
| EPS (diluted) | $-0.08 | $0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $208.8M | — | ||
| Q4 25 | $207.7M | $125.2M | ||
| Q3 25 | $191.9M | $106.7M | ||
| Q2 25 | $180.0M | $91.7M | ||
| Q1 25 | $174.2M | $86.7M | ||
| Q4 24 | $210.0M | $92.7M | ||
| Q3 24 | $193.9M | $91.5M | ||
| Q2 24 | $173.6M | $89.0M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $637.0K | ||
| Q3 25 | $-1.2M | $20.7M | ||
| Q2 25 | $-4.9M | $11.3M | ||
| Q1 25 | $-3.7M | $2.3M | ||
| Q4 24 | — | $5.3M | ||
| Q3 24 | $413.0K | $13.9M | ||
| Q2 24 | $4.1M | $3.6M |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | 57.6% | ||
| Q3 25 | 38.5% | 63.1% | ||
| Q2 25 | 39.8% | 58.5% | ||
| Q1 25 | 41.0% | 61.4% | ||
| Q4 24 | 36.4% | 52.2% | ||
| Q3 24 | 37.7% | 55.8% | ||
| Q2 24 | 37.3% | 49.4% |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | 19.3% | ||
| Q3 25 | -1.0% | 27.2% | ||
| Q2 25 | -2.1% | 15.6% | ||
| Q1 25 | -2.7% | 19.3% | ||
| Q4 24 | -1.3% | 10.3% | ||
| Q3 24 | -0.5% | 21.2% | ||
| Q2 24 | -3.5% | 3.2% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 0.5% | ||
| Q3 25 | -0.6% | 19.4% | ||
| Q2 25 | -2.7% | 12.3% | ||
| Q1 25 | -2.1% | 2.7% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | 0.2% | 15.2% | ||
| Q2 24 | 2.3% | 4.0% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $0.02 | ||
| Q3 25 | $-0.04 | $0.37 | ||
| Q2 25 | $-0.16 | $0.20 | ||
| Q1 25 | $-0.13 | $0.04 | ||
| Q4 24 | $0.27 | $0.09 | ||
| Q3 24 | $0.01 | $0.26 | ||
| Q2 24 | $-0.17 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $47.3M | $151.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $337.9M |
| Total Assets | $984.2M | $894.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $151.2M | ||
| Q3 25 | $80.4M | $143.1M | ||
| Q2 25 | $68.1M | $109.3M | ||
| Q1 25 | $41.7M | $97.1M | ||
| Q4 24 | $83.8M | $100.6M | ||
| Q3 24 | $79.9M | $104.5M | ||
| Q2 24 | $76.4M | $91.6M |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $337.9M | ||
| Q3 25 | $392.7M | $349.5M | ||
| Q2 25 | $384.5M | $320.4M | ||
| Q1 25 | $345.4M | $299.5M | ||
| Q4 24 | $312.5M | $299.5M | ||
| Q3 24 | $336.6M | $289.4M | ||
| Q2 24 | $307.4M | $267.2M |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $894.0M | ||
| Q3 25 | $1.0B | $889.6M | ||
| Q2 25 | $1.0B | $868.6M | ||
| Q1 25 | $964.4M | $848.3M | ||
| Q4 24 | $989.2M | $830.4M | ||
| Q3 24 | $1.0B | $847.6M | ||
| Q2 24 | $1.0B | $827.4M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $29.4M |
| Free Cash FlowOCF − Capex | $-1.0M | $28.0M |
| FCF MarginFCF / Revenue | -0.5% | 22.3% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | — | 46.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $118.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $29.4M | ||
| Q3 25 | $22.2M | $67.5M | ||
| Q2 25 | $31.7M | $23.2M | ||
| Q1 25 | $-3.1M | $7.0M | ||
| Q4 24 | $36.5M | $11.5M | ||
| Q3 24 | $20.5M | $35.3M | ||
| Q2 24 | $24.4M | $35.0M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $28.0M | ||
| Q3 25 | — | $64.8M | ||
| Q2 25 | — | $20.9M | ||
| Q1 25 | — | $5.3M | ||
| Q4 24 | — | $6.9M | ||
| Q3 24 | — | $34.2M | ||
| Q2 24 | — | $33.5M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | 22.3% | ||
| Q3 25 | — | 60.7% | ||
| Q2 25 | — | 22.8% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | — | 37.3% | ||
| Q2 24 | — | 37.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 46.11× | ||
| Q3 25 | — | 3.27× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 2.99× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | 49.55× | 2.54× | ||
| Q2 24 | 6.03× | 9.78× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
IMAX
| Technology Sales | $46.6M | 37% |
| Image Enhancement And Maintenance Services | $38.1M | 30% |
| Joint Revenue Sharing Arrangement | $20.4M | 16% |
| Maintenance | $16.3M | 13% |
| Finance Income | $2.8M | 2% |
| Other Content Solutions | $1.6M | 1% |
