AMC AMC ENTERTAINMENT HOLDINGS, INC.

Overview and Growth

In fiscal 2025, AMC ENTERTAINMENT HOLDINGS, INC. recorded $4.85B of revenue, net loss of $632.40M, and an operating cash outflow of $119.80M. Revenue of $4.85B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 4.6% above fiscal 2024 revenue of $4.64B, marking a year-over-year increase. The company reported diluted EPS of -$1.34, adding a shareholder-level measure to the absolute income figures considered below. Diluted shares averaged 472.90M; this is the reported share base over which the company’s diluted per-share earnings were spread. The company employed $8.02B of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 0.6x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The reported operating result was an operating loss of $17.40M, reflecting costs that exceeded gross profit. An operating margin of -0.4% reflected costs exceeding revenue-level gross profit by 0.4% of sales. After all below-operating-line items, the company recorded a net loss of $632.40M for the fiscal year. The net loss equaled 13.0% of revenue, showing the bottom-line deficit relative to the company’s sales base. EBITDA was $296.00M, adding a pre-interest, tax, depreciation, and amortization view of the company’s earnings capacity. The company reported a pretax loss of $627.90M, before the effect of income taxes. Measured against revenue, the pretax deficit represented 12.9%. Income tax expense totaled $4.50M, providing the reported tax component that separates pretax and after-tax earnings. The net loss equaled 7.9% of period-end assets, showing the deficit relative to the asset base. The bottom-line deficit increased from $352.60M in fiscal 2024 to $632.40M.

Liquidity and Capital Structure

The company held $8.02B of assets against $9.91B of liabilities and -$1.89B of equity, revealing how the asset base was financed. Equity was negative at -$1.89B, meaning liabilities exceeded the residual book value available to shareholders and weakening balance-sheet resilience. At period end, current assets of $730.50M compared with current liabilities of $1.77B, defining the company’s short-term resource position. Current assets covered only 0.41x of current liabilities, so current liabilities exceeded current assets at period end. Cash and equivalents totaled $428.50M, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 24.2% of current liabilities, showing how much near-term coverage came from cash alone. Total debt was $4.04B, establishing the amount of borrowing carried within the company’s capital structure. Debt represented 50.4% of total assets, placing borrowing in the context of the company’s full resource base. Book equity represented -23.6% of total assets, quantifying the balance-sheet share supported by shareholder capital. Relative to total assets, liabilities measured 123.6%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 5.3%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $8.25B in fiscal 2024, the current asset base moved 2.8% and finished lower. Compared with $632.30M in fiscal 2024, the current cash balance moved 32.2% and finished lower.

Cash Flow and Earnings Quality

Operating activities used $119.80M of cash, resulting in an operating cash outflow for the year. Capital spending of $246.10M added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. The company recorded a $365.90M cash deficit after capital spending for the period. Relative to revenue, the post-investment cash deficit represented 7.5%. The free-cash-flow deficit equaled 4.6% of total assets, placing the cash shortfall against the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.