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Revenue from Contracts with Customers
 9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers
12. Revenue from Contracts with Customers
Disaggregated Information About Revenue

The following tables summarize the Company’s Revenues by reportable segment and revenue stream type for the three and nine months ended September 30, 2025 and 2024:


Three Months Ended September 30, 2025
(In thousands of U.S. Dollars)
Technology Sales
Image Enhancement and Maintenance Services
Technology Rentals
Finance Income
Total
Content Solutions Segment:
Film Remastering and Distribution
$— $41,913 $— $— $41,913 
Other Content Solutions
— 2,630 289 — 2,919 
— 44,543 289 — 44,832 
Technology Products and Services Segment:
System Sales
18,660 — — — 18,660 
System Rentals
— — 23,047 — 23,047 
Maintenance— 15,784 — — 15,784 
Finance Income
— — — 2,929 2,929 
18,660 15,784 23,047 2,929 60,420 
Sub-total for reportable segments
18,660 60,327 23,336 2,929 105,252 
All Other
700 702 — — 1,402 
Total$19,360 $61,029 $23,336 $2,929 $106,654 
Nine Months Ended September 30, 2025
(In thousands of U.S. Dollars)
Technology Sales
Image Enhancement and Maintenance Services
Technology Rentals
Finance Income
Total
Content Solutions Segment
Film Remastering and Distribution
$— $105,720 $— $— $105,720 
Other Content Solutions
— 6,454 872 — 7,326 
— 112,174 872 — 113,046 
Technology Products and Services Segment
System Sales
49,380 — — — 49,380 
System Rentals
— — 60,891 — 60,891 
Maintenance— 47,501 — — 47,501 
Finance Income
— — — 8,880 8,880 
49,380 47,501 60,891 8,880 166,652 
Sub-total for reportable segments
49,380 159,675 61,763 8,880 279,698 
All Other
2,346 2,961 — — 5,307 
Total$51,726 $162,636 $61,763 $8,880 $285,005 
Three Months Ended September 30, 2024
(In thousands of U.S. Dollars)
Technology Sales
Image Enhancement and Maintenance Services
Technology Rentals
Finance Income
Total
Content Solutions Segment
Film Remastering and Distribution
$— $26,687 $— $— $26,687 
Other Content Solutions
— 3,356 86 — 3,442 
— 30,043 86 — 30,129 
Technology Products and Services Segment
System Sales
24,365 — — — 24,365 
System Rentals
— — 16,029 — 16,029 
Maintenance— 15,443 — — 15,443 
Finance Income
— — — 2,134 2,134 
24,365 15,443 16,029 2,134 57,971 
Sub-total for reportable segments
24,365 45,486 16,115 2,134 88,100 
All Other
1,940 1,405 7 — 3,352 
Total$26,305 $46,891 $16,122 $2,134 $91,452 
Nine Months Ended September 30, 2024
(In thousands of U.S. Dollars)
Technology Sales
Image Enhancement and Maintenance Services
Technology Rentals
Finance Income
Total
Content Solutions Segment
Film Remastering and Distribution$— $77,712 $— $— $77,712 
Other Content Solutions— 21,292 214 — 21,506 
— 99,004 214 — 99,218 
Technology Products and Services Segment
System Sales50,926 — — — 50,926 
System Rentals— — 48,545 — 48,545 
Maintenance— 45,835 — — 45,835 
Finance Income— — — 6,713 6,713 
50,926 45,835 48,545 6,713 152,019 
Sub-total for reportable segments50,926 144,839 48,759 6,713 251,237 
All Other3,703 4,589 7 — 8,299 
Total$54,629 $149,428 $48,766 $6,713 $259,536 
For the three and nine months ended September 30, 2025, revenues earned from Technology Sales include variable consideration of $5.1 million and $11.4 million, respectively (2024 — $8.2 million and $17.6 million, respectively).

For the three and nine months ended September 30, 2025, revenues earned from leasing arrangements total $23.3 million and $61.8 million, respectively (2024 — $15.9 million and $48.4 million, respectively), including $23.3 million and $61.8 million, respectively, in Revenues ― Technology Rentals (2024 — $16.0 million and $48.5 million, respectively), and $nil and $0.1 million in the three and nine months ended September 30, 2025, respectively, in Revenues ― Technology Sales (2024 — a reversal of $0.1 million).
Deferred Revenue

IMAX System sale and lease arrangements include a requirement for the Company to provide maintenance services over the life of the arrangement, some of which maintenance services are subject to a consumer price index adjustment each year. In circumstances where customers prepay the entire term’s maintenance fee based on the original arrangement, additional payments are due to the Company for the years after its extended warranty and maintenance obligations expire. Payments, upon renewal each year, are either prepaid or made in arrears and can vary in frequency from monthly to annually. As of September 30, 2025, $21.3 million of consideration has been deferred in relation to outstanding maintenance services to be provided on existing maintenance contracts (December 31, 2024 — $26.5 million).
During the three and nine months ended September 30, 2025, $9.6 million and $29.4 million of revenue, respectively, was recognized from the $52.7 million balance of deferred revenue as of December 31, 2024. During the three and nine months ended September 30, 2024, $11.5 million and $35.7 million of revenue, respectively, was recognized from the $67.1 million balance of deferred revenue as of December 31, 2023.