Business Description
Reading International, Inc. oversees and expands a diverse collection of entertainment and real estate properties across the United States, Australia, and New Zealand. The company's operations are divided into two primary divisions: Cinema Exhibition and Real Estate. The Cinema Exhibition division operates multi-screen movie theaters under various brand names, including Reading Cinemas, Angelika Film Center, Consolidated Theatres, State Cinema, Event Cinemas, and Rialto Cinemas. Meanwhile, the Real Estate division focuses on constructing, leasing, or licensing commercial, retail, and live performance venues. As of December 31, 2020, Reading International's extensive holdings featured 63 movie theaters containing approximately 515 screens. Its portfolio also included ownership interests in two live theaters, the 44 Union Square property, a cinema in Manhattan, two cinemas in Australia, and three in New Zealand, alongside several entertainment-themed complexes and two office buildings. In total, the company possessed about 8.9 million square feet of developed and undeveloped real estate. The corporation was founded in 1999 and maintains its primary corporate offices in New York, New York.
Business History
Price Overview
Last updated: Jun 27, 2026 9:03am (just now)Price History (1 Year)
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): -0.62
Total Equity: -$18.24M
Shares: 22,652,270
Total Debt: $177.97M
Cash: $10.53M
EBITDA: $18.44M
Total Debt: $177.97M
Cash: $10.53M
Revenue: $202.99M
Shares: 22,652,270
Revenue: $202.99M
Revenue: $202.99M
Revenue: $202.99M
Total Equity: -$18.24M
Tax Rate: -6.2%
Equity: -$18.24M
Total Debt: $177.97M
Cash: $10.53M
Current Liabilities: $128.58M
Long-Term Debt: $141.97M
Total Debt: $177.97M
Total Equity: -$18.24M
Shares: 22,652,270
Shares: 22,652,270
CapEx: $0.00
Shares: 22,652,270
Stock Price: $9.03
Net Income: -$14.14M
Industry Benchmarks
Deep Analysis
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Income Statement (Annual)
Last updated: Jun 27, 2026 9:03am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $139.1M | $203.1M | $222.7M | $210.5M | $203.0M |
| Cost of Revenue | $133.0M | $187.7M | $196.2M | $188.6M | $175.8M |
| Gross Profit | $6.1M | $15.4M | $26.6M | $21.9M | $27.2M |
| Operating Expenses | $47.8M | $43.9M | $38.6M | $35.9M | $32.5M |
| Operating Income | -$41.8M | -$28.5M | -$12.0M | -$14.0M | -$5.3M |
| Net Income | $31.9M | -$36.2M | -$30.7M | -$35.3M | -$14.1M |
| EBITDA | $100.3M | $1.1M | $9.1M | $2.9M | $18.4M |
| EPS | $1.46 | $-1.66 | $-1.38 | $-1.58 | $-0.62 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 27, 2026 9:03am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $83.3M | $35.0M | $15.4M | $12.3M | $10.5M |
| Total Current Assets | $100.3M | $47.5M | $38.7M | $57.0M | $21.8M |
| Total Assets | $687.7M | $641.7M | $583.4M | $471.0M | $434.9M |
| Current Liabilities | $107.0M | $121.7M | $127.1M | $161.6M | $128.6M |
| Long-Term Debt | $221.9M | $175.6M | $173.8M | $132.6M | $142.0M |
| Total Liabilities | $582.6M | $578.4M | $550.4M | $475.8M | $453.0M |
| Total Equity | $104.1M | $62.9M | $33.1M | -$4.4M | -$18.2M |
| Retained Earnings | -$12.6M | -$48.8M | -$79.5M | -$114.8M | -$128.9M |
Cash Flow (Annual)
Last updated: Jun 27, 2026 9:03am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$11.4M | -$26.7M | -$10.6M | -$4.4M | -$1.6M |
| Capital Expenditure | -$15.6M | -$9.4M | -$4.5M | -$5.5M | $0 |
| Free Cash Flow | -$27.0M | -$36.1M | -$15.1M | -$10.0M | -$1.6M |
| Acquisitions (net) | $145.2M | $4,000 | $1.8M | $9.9M | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $61.7M | -$53.6M | -$19.5M | $-359,000 | -$2.2M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 9:03am (just now)| Metric | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| Revenue |
$204.9M $204.9M – $204.9M
|
$206.0M $206.0M – $206.0M
|
$233.6M $233.6M – $233.6M
|
$243.1M $243.1M – $243.1M
|
| EBITDA |
$35.8M $35.8M – $35.8M
|
$36.0M $36.0M – $36.0M
|
$40.8M $40.8M – $40.8M
|
$42.4M $42.4M – $42.4M
|
| Net Income |
-$38.5M -$38.5M – -$38.5M
|
-$16.1M -$16.1M – -$16.1M
|
-$4.3M -$4.3M – -$4.3M
|
$1.3M $1.3M – $1.3M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 27, 2026 9:03am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +46.1% | +9.7% | -5.5% | -3.6% |
| Gross Profit Growth | +154.4% | +72.5% | -17.5% | +24.1% |
| Operating Income Growth | +31.8% | +57.8% | -16.6% | +62.2% |
| Net Income Growth | -213.4% | +15.2% | -15.1% | +59.9% |
| EBITDA Growth | -98.9% | +719.3% | -68.2% | +536.4% |
Insider Trading (Recent)
All SEC Form 4 codes
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2023-12-14 | ADAMS GUY W | M-Exempt | 24,561.00 | $0.00 | $0 |
| 2023-12-14 | ADAMS GUY W | M-Exempt | 24,561.00 | $0.00 | $0 |
| 2023-12-14 | McEachern Douglas James | M-Exempt | 24,561.00 | $0.00 | $0 |
| 2023-12-14 | McEachern Douglas James | M-Exempt | 24,561.00 | $0.00 | $0 |
| 2023-12-14 | Codding Judy Bond | M-Exempt | 24,561.00 | $0.00 | $0 |
| 2023-12-14 | Codding Judy Bond | M-Exempt | 24,561.00 | $0.00 | $0 |
| 2023-12-07 | McEachern Douglas James | A-Award | 69,219.00 | $1.92 | $132,900 |
| 2023-12-07 | Codding Judy Bond | A-Award | 69,219.00 | $1.92 | $132,900 |
| 2023-12-07 | ADAMS GUY W | A-Award | 69,219.00 | $1.92 | $132,900 |
| 2023-09-13 | CUBAN MARK | S-Sale | 1,813.00 | $20.21 | $36,641 |
| 2023-09-14 | CUBAN MARK | S-Sale | 200.00 | $20.35 | $4,070 |
| 2023-09-11 | CUBAN MARK | S-Sale | 2,069.00 | $20.20 | $41,795 |
| 2023-09-12 | CUBAN MARK | S-Sale | 900.00 | $20.22 | $18,196 |
| 2023-09-07 | CUBAN MARK | S-Sale | 85.00 | $20.00 | $1,700 |
| 2023-09-08 | CUBAN MARK | S-Sale | 600.00 | $20.04 | $12,025 |
| 2023-08-03 | CUBAN MARK | S-Sale | 956.00 | $20.29 | $19,395 |
| 2023-08-04 | CUBAN MARK | S-Sale | 100.00 | $20.21 | $2,021 |
| 2023-08-01 | CUBAN MARK | S-Sale | 500.00 | $21.15 | $10,573 |
| 2023-08-02 | CUBAN MARK | S-Sale | 100.00 | $21.22 | $2,122 |
| 2023-07-28 | CUBAN MARK | S-Sale | 200.00 | $20.37 | $4,075 |
Narrative Economics
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