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Side-by-side financial comparison of IMAX CORP (IMAX) and Phreesia, Inc. (PHR). Click either name above to swap in a different company.

IMAX CORP is the larger business by last-quarter revenue ($125.2M vs $120.3M, roughly 1.0× Phreesia, Inc.). Phreesia, Inc. runs the higher net margin — 3.5% vs 0.5%, a 3.0% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 12.7%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $12.2M).

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.

Phreesia, Inc. is a software as a service company that offers healthcare organizations a set of applications to automate and manage patient intake.

IMAX vs PHR — Head-to-Head

Bigger by revenue
IMAX
IMAX
1.0× larger
IMAX
$125.2M
$120.3M
PHR
Growing faster (revenue YoY)
IMAX
IMAX
+22.4% gap
IMAX
35.1%
12.7%
PHR
Higher net margin
PHR
PHR
3.0% more per $
PHR
3.5%
0.5%
IMAX
More free cash flow
IMAX
IMAX
$15.8M more FCF
IMAX
$28.0M
$12.2M
PHR

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
IMAX
IMAX
PHR
PHR
Revenue
$125.2M
$120.3M
Net Profit
$637.0K
$4.3M
Gross Margin
57.6%
Operating Margin
19.3%
3.1%
Net Margin
0.5%
3.5%
Revenue YoY
35.1%
12.7%
Net Profit YoY
-88.0%
129.7%
EPS (diluted)
$0.02
$0.07

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.

Revenue
IMAX
IMAX
PHR
PHR
Q4 25
$125.2M
$120.3M
Q3 25
$106.7M
$117.3M
Q2 25
$91.7M
$115.9M
Q1 25
$86.7M
Q4 24
$92.7M
Q3 24
$91.5M
Q2 24
$89.0M
Q1 24
$79.1M
Net Profit
IMAX
IMAX
PHR
PHR
Q4 25
$637.0K
$4.3M
Q3 25
$20.7M
$654.0K
Q2 25
$11.3M
$-3.9M
Q1 25
$2.3M
Q4 24
$5.3M
Q3 24
$13.9M
Q2 24
$3.6M
Q1 24
$3.3M
Gross Margin
IMAX
IMAX
PHR
PHR
Q4 25
57.6%
Q3 25
63.1%
Q2 25
58.5%
Q1 25
61.4%
Q4 24
52.2%
Q3 24
55.8%
Q2 24
49.4%
Q1 24
59.3%
Operating Margin
IMAX
IMAX
PHR
PHR
Q4 25
19.3%
3.1%
Q3 25
27.2%
-1.3%
Q2 25
15.6%
-2.8%
Q1 25
19.3%
Q4 24
10.3%
Q3 24
21.2%
Q2 24
3.2%
Q1 24
15.3%
Net Margin
IMAX
IMAX
PHR
PHR
Q4 25
0.5%
3.5%
Q3 25
19.4%
0.6%
Q2 25
12.3%
-3.4%
Q1 25
2.7%
Q4 24
5.7%
Q3 24
15.2%
Q2 24
4.0%
Q1 24
4.1%
EPS (diluted)
IMAX
IMAX
PHR
PHR
Q4 25
$0.02
$0.07
Q3 25
$0.37
$0.01
Q2 25
$0.20
$-0.07
Q1 25
$0.04
Q4 24
$0.09
Q3 24
$0.26
Q2 24
$0.07
Q1 24
$0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IMAX
IMAX
PHR
PHR
Cash + ST InvestmentsLiquidity on hand
$151.2M
$106.4M
Total DebtLower is stronger
$3.4M
Stockholders' EquityBook value
$337.9M
$320.3M
Total Assets
$894.0M
$423.5M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IMAX
IMAX
PHR
PHR
Q4 25
$151.2M
$106.4M
Q3 25
$143.1M
$98.3M
Q2 25
$109.3M
$90.9M
Q1 25
$97.1M
Q4 24
$100.6M
Q3 24
$104.5M
Q2 24
$91.6M
Q1 24
$81.0M
Total Debt
IMAX
IMAX
PHR
PHR
Q4 25
$3.4M
Q3 25
$4.6M
Q2 25
$6.2M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IMAX
IMAX
PHR
PHR
Q4 25
$337.9M
$320.3M
Q3 25
$349.5M
$298.0M
Q2 25
$320.4M
$282.2M
Q1 25
$299.5M
Q4 24
$299.5M
Q3 24
$289.4M
Q2 24
$267.2M
Q1 24
$258.8M
Total Assets
IMAX
IMAX
PHR
PHR
Q4 25
$894.0M
$423.5M
Q3 25
$889.6M
$408.6M
Q2 25
$868.6M
$400.4M
Q1 25
$848.3M
Q4 24
$830.4M
Q3 24
$847.6M
Q2 24
$827.4M
Q1 24
$824.1M
Debt / Equity
IMAX
IMAX
PHR
PHR
Q4 25
0.01×
Q3 25
0.02×
Q2 25
0.02×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IMAX
IMAX
PHR
PHR
Operating Cash FlowLast quarter
$29.4M
$15.5M
Free Cash FlowOCF − Capex
$28.0M
$12.2M
FCF MarginFCF / Revenue
22.3%
10.1%
Capex IntensityCapex / Revenue
1.1%
2.7%
Cash ConversionOCF / Net Profit
46.11×
3.62×
TTM Free Cash FlowTrailing 4 quarters
$118.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IMAX
IMAX
PHR
PHR
Q4 25
$29.4M
$15.5M
Q3 25
$67.5M
$14.8M
Q2 25
$23.2M
$14.8M
Q1 25
$7.0M
Q4 24
$11.5M
Q3 24
$35.3M
Q2 24
$35.0M
Q1 24
$-11.0M
Free Cash Flow
IMAX
IMAX
PHR
PHR
Q4 25
$28.0M
$12.2M
Q3 25
$64.8M
$13.1M
Q2 25
$20.9M
$11.3M
Q1 25
$5.3M
Q4 24
$6.9M
Q3 24
$34.2M
Q2 24
$33.5M
Q1 24
$-12.1M
FCF Margin
IMAX
IMAX
PHR
PHR
Q4 25
22.3%
10.1%
Q3 25
60.7%
11.1%
Q2 25
22.8%
9.8%
Q1 25
6.1%
Q4 24
7.4%
Q3 24
37.3%
Q2 24
37.6%
Q1 24
-15.3%
Capex Intensity
IMAX
IMAX
PHR
PHR
Q4 25
1.1%
2.7%
Q3 25
2.6%
1.5%
Q2 25
2.6%
3.0%
Q1 25
1.9%
Q4 24
5.0%
Q3 24
1.2%
Q2 24
1.8%
Q1 24
1.4%
Cash Conversion
IMAX
IMAX
PHR
PHR
Q4 25
46.11×
3.62×
Q3 25
3.27×
22.68×
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

IMAX
IMAX

Technology Sales$46.6M37%
Image Enhancement And Maintenance Services$38.1M30%
Joint Revenue Sharing Arrangement$20.4M16%
Maintenance$16.3M13%
Finance Income$2.8M2%
Other Content Solutions$1.6M1%

PHR
PHR

Subscription And Services$55.5M46%
Network Solutions$37.4M31%
Payment Processing Fees$27.4M23%

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