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Side-by-side financial comparison of FLYEXCLUSIVE INC. (FLYX) and IMAX CORP (IMAX). Click either name above to swap in a different company.
IMAX CORP is the larger business by last-quarter revenue ($125.2M vs $92.1M, roughly 1.4× FLYEXCLUSIVE INC.). IMAX CORP runs the higher net margin — 0.5% vs -4.6%, a 5.1% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 19.8%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $-11.0M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% CAGR vs 21.9%).
FLYEXCLUSIVE INC. is a U.S.-headquartered private aviation services provider that offers private jet charter, aircraft management, maintenance repair, and fractional ownership programs. It primarily serves high-net-worth individuals, corporate clients, and government entities across North America, delivering personalized on-demand air travel solutions prioritizing safety and convenience.
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.
FLYX vs IMAX — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $92.1M | $125.2M |
| Net Profit | $-4.3M | $637.0K |
| Gross Margin | 13.7% | 57.6% |
| Operating Margin | -12.3% | 19.3% |
| Net Margin | -4.6% | 0.5% |
| Revenue YoY | 19.8% | 35.1% |
| Net Profit YoY | 32.0% | -88.0% |
| EPS (diluted) | $-0.25 | $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.
| Q4 25 | — | $125.2M | ||
| Q3 25 | $92.1M | $106.7M | ||
| Q2 25 | $91.3M | $91.7M | ||
| Q1 25 | $88.1M | $86.7M | ||
| Q4 24 | — | $92.7M | ||
| Q3 24 | $76.9M | $91.5M | ||
| Q2 24 | $79.0M | $89.0M | ||
| Q1 24 | $80.0M | $79.1M |
| Q4 25 | — | $637.0K | ||
| Q3 25 | $-4.3M | $20.7M | ||
| Q2 25 | $-4.8M | $11.3M | ||
| Q1 25 | $-5.4M | $2.3M | ||
| Q4 24 | — | $5.3M | ||
| Q3 24 | $-6.3M | $13.9M | ||
| Q2 24 | $-5.2M | $3.6M | ||
| Q1 24 | $-5.8M | $3.3M |
| Q4 25 | — | 57.6% | ||
| Q3 25 | 13.7% | 63.1% | ||
| Q2 25 | 15.0% | 58.5% | ||
| Q1 25 | 12.8% | 61.4% | ||
| Q4 24 | — | 52.2% | ||
| Q3 24 | 11.3% | 55.8% | ||
| Q2 24 | 7.9% | 49.4% | ||
| Q1 24 | 7.2% | 59.3% |
| Q4 25 | — | 19.3% | ||
| Q3 25 | -12.3% | 27.2% | ||
| Q2 25 | -13.5% | 15.6% | ||
| Q1 25 | -16.7% | 19.3% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | -27.2% | 21.2% | ||
| Q2 24 | -27.6% | 3.2% | ||
| Q1 24 | -34.3% | 15.3% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | -4.6% | 19.4% | ||
| Q2 25 | -5.2% | 12.3% | ||
| Q1 25 | -6.2% | 2.7% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | -8.2% | 15.2% | ||
| Q2 24 | -6.5% | 4.0% | ||
| Q1 24 | -7.3% | 4.1% |
| Q4 25 | — | $0.02 | ||
| Q3 25 | $-0.25 | $0.37 | ||
| Q2 25 | $-0.26 | $0.20 | ||
| Q1 25 | $-0.30 | $0.04 | ||
| Q4 24 | — | $0.09 | ||
| Q3 24 | $-0.32 | $0.26 | ||
| Q2 24 | $-0.32 | $0.07 | ||
| Q1 24 | $-0.35 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.7M | $151.2M |
| Total DebtLower is stronger | $123.9M | — |
| Stockholders' EquityBook value | $-434.2M | $337.9M |
| Total Assets | $448.1M | $894.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $151.2M | ||
| Q3 25 | $18.7M | $143.1M | ||
| Q2 25 | $15.8M | $109.3M | ||
| Q1 25 | $14.7M | $97.1M | ||
| Q4 24 | — | $100.6M | ||
| Q3 24 | $18.7M | $104.5M | ||
| Q2 24 | $9.3M | $91.6M | ||
| Q1 24 | $5.3M | $81.0M |
| Q4 25 | — | — | ||
| Q3 25 | $123.9M | — | ||
| Q2 25 | $111.6M | — | ||
| Q1 25 | $121.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $197.9M | — | ||
| Q2 24 | $206.3M | — | ||
| Q1 24 | $209.4M | — |
| Q4 25 | — | $337.9M | ||
| Q3 25 | $-434.2M | $349.5M | ||
| Q2 25 | $-261.4M | $320.4M | ||
| Q1 25 | $-281.5M | $299.5M | ||
| Q4 24 | — | $299.5M | ||
| Q3 24 | $-192.0M | $289.4M | ||
| Q2 24 | $-149.7M | $267.2M | ||
| Q1 24 | $-149.5M | $258.8M |
| Q4 25 | — | $894.0M | ||
| Q3 25 | $448.1M | $889.6M | ||
| Q2 25 | $443.4M | $868.6M | ||
| Q1 25 | $466.8M | $848.3M | ||
| Q4 24 | — | $830.4M | ||
| Q3 24 | $487.1M | $847.6M | ||
| Q2 24 | $494.7M | $827.4M | ||
| Q1 24 | $524.1M | $824.1M |
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 | $-209.0K | $29.4M |
| Free Cash FlowOCF − Capex | $-11.0M | $28.0M |
| FCF MarginFCF / Revenue | -12.0% | 22.3% |
| Capex IntensityCapex / Revenue | 11.7% | 1.1% |
| Cash ConversionOCF / Net Profit | — | 46.11× |
| TTM Free Cash FlowTrailing 4 quarters | $-51.0M | $118.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $29.4M | ||
| Q3 25 | $-209.0K | $67.5M | ||
| Q2 25 | $363.0K | $23.2M | ||
| Q1 25 | $-10.5M | $7.0M | ||
| Q4 24 | — | $11.5M | ||
| Q3 24 | $-12.3M | $35.3M | ||
| Q2 24 | $-16.2M | $35.0M | ||
| Q1 24 | $-26.0M | $-11.0M |
| Q4 25 | — | $28.0M | ||
| Q3 25 | $-11.0M | $64.8M | ||
| Q2 25 | $353.0K | $20.9M | ||
| Q1 25 | $-14.6M | $5.3M | ||
| Q4 24 | — | $6.9M | ||
| Q3 24 | $-25.7M | $34.2M | ||
| Q2 24 | $-26.6M | $33.5M | ||
| Q1 24 | $-64.5M | $-12.1M |
| Q4 25 | — | 22.3% | ||
| Q3 25 | -12.0% | 60.7% | ||
| Q2 25 | 0.4% | 22.8% | ||
| Q1 25 | -16.5% | 6.1% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | -33.5% | 37.3% | ||
| Q2 24 | -33.7% | 37.6% | ||
| Q1 24 | -80.6% | -15.3% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | 11.7% | 2.6% | ||
| Q2 25 | 0.0% | 2.6% | ||
| Q1 25 | 4.7% | 1.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | 17.5% | 1.2% | ||
| Q2 24 | 13.2% | 1.8% | ||
| Q1 24 | 48.2% | 1.4% |
| Q4 25 | — | 46.11× | ||
| Q3 25 | — | 3.27× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 2.99× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | — | 2.54× | ||
| Q2 24 | — | 9.78× | ||
| Q1 24 | — | -3.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLYX
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% |
