Reading International, Inc.

RDIB

$13.18

-11.37%

2026-09-03 14:39:40 EDT-$1.69

Communication Services

Entertainment

NASDAQ

Active Trading

Reading International, Inc. oversees and expands a diverse collection of entertainment and real estate properties across the United States, Australia, and New ...

Price Action of RDIB

$13.18

-11.37%-$1.69

High—

Low—

52W High-45.1%

Rel. vol—

Interval

Range3.8h

Volume—SMA5SMA10

—

Reading International, Inc. (NASDAQ: RDIB) is a diversified entertainment and real estate company with operations spanning the United States, Australia, and New Zealand. The company operates through two primary divisions: Cinema Exhibition and Real Estate. The Cinema Exhibition division runs multi-screen movie theaters under brands such as Reading Cinemas, Angelika ...Reading International, Inc. (NASDAQ: RDIB) is a diversified entertainment and real estate company with operations spanning the United States, Australia, and New Zealand. The company operates through two primary divisions: Cinema Exhibition and Real Estate. The Cinema Exhibition division runs multi-screen movie theaters under brands such as Reading Cinemas, Angelika Film Center, Consolidated Theatres, State Cinema, Event Cinemas, and Rialto Cinemas. As of December 31, 2020, it owned or operated 63 theaters with approximately 515 screens. The Real Estate division focuses on developing, leasing, or licensing commercial, retail, and live performance venues, including ownership interests in two live theaters, the 44 Union Square property, a cinema in Manhattan, two cinemas in Australia, and three in New Zealand, along with entertainment-themed complexes and office buildings. The company's real estate portfolio totals approximately 8.9 million square feet of developed and undeveloped properties. Founded in 1999 and headquartered in New York, with principal executive offices in both New York and Los Angeles, Reading International employs over 2,300 people worldwide. The company is Nevada-incorporated and listed on the NASDAQ Capital Market. Financially, as of the latest TTM data, the company has a market cap of approximately $37.8 million, an enterprise value of $405.5 million, and a price-to-sales ratio of 0.246. Its gross profit margin is 14.4%, while operating margin is -1.0%, and net margin is -8.4%, reflecting challenges in profitability. The company has a debt-to-equity ratio of -14.181 (due to negative equity) and a current ratio of 0.342, indicating liquidity concerns. Despite this, management is focused on expanding its cinema and real estate assets, with an emphasis on leveraging its prime locations. Key people include CEO Ellen Marie Cotter, who leads the company's strategic direction. The company's business model combines stable cinema cash flows with long-term real estate appreciation and development opportunities.ExpandCollapse

Founded

1999

Employees

1956

CEO

Ellen Marie Cotter

Full Name

Reading International, Inc.

Sector

Communication Services

Industry

Entertainment

ROE

63.61%

Market Cap

$0.06B

Current Ratio

0.23

WACC

6.32%

ROIC

2.95%

Contact Information

https://www.readingrdi.com

213 235 2240

189 Second Avenue, New York City, NY 10003

Key Metrics of RDIB

Snapshot

Latest / TTM · 6 periods

Market Cap

$55.29M

ROCE

1.1%

EV / EBITDA

17.63x

+2.9% YoY

FCF Yield

6.7%

+7.3% YoY

Cash Conversion Cycle

-98.8d

Current Ratio

0.23

Quick take

TTM —

Current ratio below 1.0

Negative working capital

Financial Highlights of RDIB

Profitability trend

Latest / TTM · 6 periods

Gross Margin

14.0%

Net Margin

-5.9%

P/E Ratio

-3.85x

n/a

Debt / Equity

-15.30

n/a

Current Ratio

0.23

Dividend Yield

0.0%

Understanding

TTM —

Current ratio below 1.0

Calendar of RDIB

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $-0.07 · Revenue $58.56M · 1 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $0.07 · Revenue $63.49M · 1 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $-0.19 · Revenue $233.65M · 1 analysts
Mar 30, 2027
Q1 FY2027 · Estimated results
Est. EPS $-0.17 · Revenue $50.22M · 1 analysts

Recent history

Aug 14, 2026
Q2 FY2026 · Results reported
EPS $0.10 · Revenue $66.90M
View filing
May 15, 2026
Q1 FY2026 · Results reported
EPS $-0.36 · Revenue $45.12M
View filing
Mar 31, 2026
FY2025 · Annual results
EPS $-0.62 · Revenue $202.99M
View filing
Nov 14, 2025
Q3 FY2025 · Results reported
EPS $-0.18 · Revenue $52.17M
View filing
Aug 14, 2025
Q2 FY2025 · Results reported
EPS $-0.12 · Revenue $60.38M
View filing
May 15, 2025
Q1 FY2025 · Results reported
EPS $-0.21 · Revenue $40.17M
View filing

Financial Statements of RDIB

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$203.0M	-3.6%	+48.2%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$-14.1M	+59.9%	+127.9%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+13.4%	+28.8%	+619.3%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	-2.6%	+60.8%	+238.9%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	-7.0%	+58.5%	+118.8%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$-1.6M	+84.2%	+222.9%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	-0.8%	+83.6%	+182.9%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	-1979.1%	+77.9%	-7.9%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	0.17x	-51.9%	-32.7%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$434.9M	-7.7%	-0.5%

Actual vs Estimate

A Dec 31Q Jun 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	-0.62 vs -0.71	+12.6%	0.10 vs 0.06	+51.2%
Revenue Surprise	$203.0M vs $206.0M	-1.5%	$66.9M vs $63.5M	+5.4%

Insider Transactions of RDIB

Acquisitions (A)

Since Sep 14, 2023

Disposals (D)

Since Sep 14, 2023

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Dec 14, 2023	ADAMS GUY W	director	Class A Nonvoting Common Stock	A	24,561	—
Dec 14, 2023	ADAMS GUY W	director	Restricted Stock Units (Class A Non-Voting Common Stock)	D	24,561	—
Dec 14, 2023	McEachern Douglas James	director	Class A Non-Voting Common Stock	A	24,561	—
Dec 14, 2023	McEachern Douglas James	director	Restricted Stock Units (Class A Non-Voting Common Stock)	D	24,561	—
Dec 14, 2023	Codding Judy Bond	director	Class A Nonvoting Common Stock	A	24,561	—

Earnings Call Transcript of RDIB

1 transcript segments

Q2 2026

Unknown Speaker

Gilbert Avanes: Thanks for joining the 2026 Second Quarter Earnings Call for Reading International, Inc. My name is Gilbert Avanes, I'm the company's Chief Financial Officer and Treasurer. Joining me today is Ellen Cotter, our President and CEO. After I run through the normal caveats, I'll start by presenting the results from our 2026 second quarter. I'll also talk about our balance sheet, liquidity and provide a summary of our debt position. Then I'll turn the call over to Ellen, who will discuss our business strategy. After that, we'll address some specific questions that came in from our stockholders, understanding that we have tried to weave answers to many stockholders' questions into our prepared remarks. So let me start with running through the usual caveats. Some of the statements that we make today regarding our business, operations and financial performance may be considered forward-looking. Such statements are based on our current expectations and assumptions that are subject to a number of risks and uncertainties. We undertake no obligation to update any forward-looking statements. Actual results could differ materially. Please refer to our Form 10-K and 10-Q, including the risk factors. During this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of non-GAAP to GAAP measures is included in our earnings release issued August 14, 2026, which has been released publicly and is available to the public through the Investor Relations tab on our website at readingrdi.com. With that behind us, I'll go over the results from Q2 2026 and the first 6 months of 2026, which we are pleased to announce were both stronger than prior year period. We set multiple records this quarter, which we will discuss in more depth later in our call. We believe it is significant that our second quarter cinema segment operation earnings were the best quarter since Q2 2019. And on a total company level, we had the best quarter of operations since Q2 2018. Our Q2 2026 consolidated revenue increased by $6.5 million to $66.9 million quarter-over-quarter. A few factors drove these improvements. The film slate for the quarter in Australia proved to be a stronger lineup compared to Q2 2025, leading to increased attendance and [ FP&A ] revenues. Increased real estate revenues in U.S. led by improvements in live theater revenues, primarily as a result of improved programming at our Minetta Lane Theatre. And the strengthening of the Australia foreign exchange rate against the U.S. dollar. Historically, around 50% of our revenue has been generated in Australia and New Zealand. And during the second quarter of 2026, that rose slightly with 53% of our revenue being generated internationally. Due to the Australia dollar strengthening against the U.S. dollar by 11% in the second quarter 2026, this positively impacted our results. Consolidated revenue for the 6 months ended June 30, 2026, increased by $11.5 million to $112 million when compared to …

Leadership Team of RDIB

10 executives

Name	Title	Compensation	Gender	Year Born	Status
Ellen Marie Cotter	President, Chief Executive Officer & Vice Chairman	USD 622,578	Female	1966	Active
Robert F. Smerling	President of US Cinemas	USD 558,690	Male	1935	Active
Gilbert Avanes	Chief Financial Officer, Executive Vice President & Treasurer	USD 521,600	Male	1974	Active
Margaret Cotter	Chairperson and Executive Vice President of Real Estate Management & Development	USD 497,310	Female	1968	Active
S. Craig Tompkins	Executive Vice President & General Counsel	USD 480,568	Male	1951	Active
Guy Wilkerson Adams	Lead Technology & Cyber Risk Director and Independent Director	USD 82,500	Male	1951	Active
Mark D. Douglas	Managing Director of Australia & New Zealand	—	Male	1970	Active
John Goeddel	Executive Vice President & Chief Information Officer	—	Male	1963	Active
Steve J. Lucas	Chief Accounting Officer, Vice President & Controller	—	Male	1971	Active
Terri Moore	Executive Vice President of U.S. Cinema Operations	—	Female	1951	Active

Recent News of RDIB

Seeking Alpha5/22/2026Neutral