Overview
Mar 9, 1993Founded1
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Admission brought in 55% of the revenue Asia Metal broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Admission | $2.7B | $2.6B | $2.7B |
| Food and Beverage | $1.7B | $1.6B | $1.7B |
| Product and Service, Other | $322.8M | $318.9M | $372.7M |
| Advertising | $129.5M | $132.9M | $152.1M |
Business segments
US Markets brought in 76% of the revenue Asia Metal broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| US Markets | $3.7B | $3.5B | $3.7B |
| International Markets | $1.1B | $1.1B | $1.1B |
Regions
United States brought in 76% of the revenue Asia Metal broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $3.7B | $3.5B | $3.7B |
| United Kingdom | $400.9M | $408.8M | $428.5M |
| Spain | $148.2M | $143.3M | $153.4M |
| Italy | $151.9M | $147.6M | $147.3M |
| Germany | $125.8M | $111.6M | $124.3M |
| Sweden | $124.9M | $116.4M | $122.5M |
| F&I | $97.9M | $90.1M | $84.7M |
| Other Countries | $42.1M | $42.7M | $49.0M |
| I E | $32.2M | $32.5M | $33.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$4.8B
- Income tax0¢$4.5M
Out of $4.8B in revenue.2 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenues | $4.8B | $4.6B | $4.8B |
| Operating expense, excluding depreciation and amortization below | $1.8B | $1.7B | $1.7B |
| Rent | $887.3M | $873.6M | $873.5M |
| Merger, acquisition and other costs | $3.6M | $100.0K | $1.7M |
| Other, excluding depreciation and amortization below | $230.3M | $226.8M | $241.9M |
| Depreciation and amortization | $313.4M | $319.5M | $365.0M |
| Impairment of long-lived assets | $43.5M | $72.3M | $106.9M |
| Operating costs and expenses | $4.9B | $4.7B | $4.9B |
| Operating loss | -$17.4M | -$79.3M | -$74.3M |
| Other expense (income) | $112.4M | -$156.2M | -$76.8M |
| Corporate borrowings | $459.5M | $401.8M | $369.6M |
| Finance lease obligations | $6.0M | $5.4M | $3.7M |
| Non-cash NCM exhibitor services agreement | $64.7M | $36.5M | $37.9M |
| Investment income | -$32.1M | -$16.3M | -$15.5M |
| Total other expense, net | $610.5M | $271.2M | $318.9M |
| Loss before income taxes | -$627.9M | -$350.5M | -$393.2M |
| Income tax provision | $4.5M | $2.1M | $3.4M |
| Net loss | -$632.4M | -$352.6M | -$396.6M |
| Basic (in dollars per share) | -$1.34 | -$1.06 | -$2.37 |
| Diluted (in dollars per share) | -$1.34 | -$1.06 | -$2.37 |
| Basic (Shares in thousands) | 472.9M shares | 332.9M shares | 167.6M shares |
| Diluted (Shares in thousands) | 472.9M shares | 332.9M shares | 167.6M shares |
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $428.5M | $632.3M | |
| Restricted cash | $48.8M | $48.5M | |
| Receivables, net | $156.0M | $168.1M | |
| Other current assets | $97.2M | $98.3M | |
| Total current assets | $730.5M | $947.2M | |
| Property, net | $1.4B | $1.4B | |
| Operating lease right-of-use assets, net | $3.1B | $3.2B | |
| Intangible assets, net | $147.4M | $144.3M | |
| Goodwill | $2.4B | $2.3B | |
| Other long-term assets | $212.3M | $192.5M | |
| Total assets | $8.0B | $8.2B | |
| Accounts payable | $382.9M | $378.3M | |
| Accrued expenses and other liabilities | $338.2M | $340.6M | |
| Deferred revenues and income | $465.5M | $432.4M | |
| Current maturities of corporate borrowings | $19.9M | $64.2M | |
| Current maturities of finance lease liabilities | $5.8M | $4.4M | |
| Current maturities of operating lease liabilities | $560.0M | $524.9M | |
| Total current liabilities | $1.8B | $1.7B | |
| Corporate borrowings | $4.0B | $4.0B | |
| Finance lease liabilities | $46.7M | $44.9M | |
| Operating lease liabilities | $3.5B | $3.6B | |
| Exhibitor services agreement | $459.1M | $464.0M | |
| Deferred tax liability, net | $35.7M | $33.9M | |
| Other long-term liabilities | $95.2M | $81.9M | |
| Total liabilities | $9.9B | $10.0B | |
| Class A common stock ($.01 par value, 1,100,000,000 shares authorized; 512,943,561 shares issued and outstanding as of December 31, 2025; 550,000,000 authorized; 414,417,797 shares issued and outstanding as of December 31, 2024) | $5.1M | $4.1M | |
| Additional paid-in capital | $7.1B | $6.7B | |
| Accumulated other comprehensive loss | -$42.2M | -$132.0M | |
| Accumulated deficit | -$9.0B | -$8.3B | |
| Total stockholders' deficit | -$1.9B | -$1.8B | |
| Total liabilities and stockholders' deficit | $8.0B | $8.2B | |
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, share authorized (in shares) | 50.0M shares | 50.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding ( in shares) | 0 shares | 0 shares | |
| Common stock, share authorized (in shares) | 550.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$632.4M | -$352.6M | -$396.6M |
| Depreciation and amortization | $313.4M | $319.5M | $365.0M |
| Loss (gain) on extinguishment of debt | $196.0M | -$38.9M | -$142.8M |
| Gain on derivatives | -$37.4M | -$75.8M | |
| Deferred income taxes | $1.8M | $1.5M | $700.0K |
| Impairment of long-lived assets | $43.5M | $72.3M | $106.9M |
| Loss (gain) on investments in Hycroft | -$34.4M | $2.9M | $12.6M |
| Impairment of equity investments recorded in investment income | $10.3M | $1.0M | |
| Amortization of net discount (premium) on corporate borrowings to interest expense | $14.6M | -$17.5M | -$55.6M |
| Amortization of deferred financing costs to interest expense | $11.3M | $8.3M | $9.6M |
| PIK interest expense | $44.4M | $14.7M | |
| Non-cash portion of stock-based compensation | $16.9M | $22.0M | $42.5M |
| Gain on disposition of Saudi Cinema Company | -$15.5M | ||
| Equity in earnings from non-consolidated entities, net of distributions | -$200.0K | -$1.6M | -$200.0K |
| Lease incentives | $45.6M | $31.8M | $23.9M |
| Non-cash rent benefit | -$109.3M | -$106.1M | -$159.1M |
| Net periodic benefit cost | $1.2M | $1.8M | $1.4M |
| Non-cash shareholder litigation expense | $99.3M | ||
| Receivables | $13.2M | $37.4M | -$45.6M |
| Other assets | $4.6M | -$10.7M | -$6.7M |
| Accounts payable | -$7.5M | $60.1M | -$700.0K |
| Accrued expenses and other liabilities | $10.9M | -$13.8M | -$26.7M |
| Other, net | -$26.3M | -$6.1M | -$28.6M |
| Net cash used in operating activities | -$119.8M | -$50.8M | -$215.2M |
| Capital expenditures | -$246.1M | -$245.5M | -$225.6M |
| Acquisition of theatre assets | -$4.0M | ||
| Proceeds from disposition of long-term assets | $2.9M | $500.0K | $16.5M |
| Investment in non-consolidated entities | -$4.0M | ||
| Other, net | $1.5M | $2.1M | $3.0M |
| Net cash used in investing activities | -$221.6M | -$242.9M | -$180.1M |
| Net proceeds from equity issuances | $169.6M | $254.9M | $832.7M |
| Principal payments under finance lease obligations | -$4.2M | -$4.6M | -$5.6M |
| Scheduled principal payments under Term Loan borrowings | -$20.1M | -$20.1M | -$20.0M |
| Cash used to pay deferred financing costs | -$40.5M | -$46.7M | -$2.0M |
| Debt extinguishment costs | -$2.4M | -$3.9M | |
| Taxes paid for restricted unit withholdings | -$4.4M | -$2.2M | -$14.2M |
| Net cash provided by financing activities | $125.2M | $68.4M | $649.3M |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | $12.7M | -$5.3M | $3.0M |
| Net increase (decrease) in cash and cash equivalents and restricted cash | -$203.5M | -$230.6M | $257.0M |
| Interest | $406.9M | $401.6M | $421.2M |
| Income taxes paid, net | $2.8M | $700.0K | $4.3M |
| Other third-party equity issuance costs payable | $1.2M | $100.0K | |
| Deferred financing costs payable | $4.7M | $200.0K |
Timeline
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataAsia Metal on Wikidata
- 2SEC EDGARAsia Metal 10-K for fiscal 2025
- 3SEC EDGARAsia Metal 10-K for fiscal 2019
- 4SEC EDGARAsia Metal 10-K for fiscal 2021
- 5SEC EDGARAsia Metal 10-K for fiscal 2022
- 6SEC EDGARAsia Metal 10-K for fiscal 2019
- 7SEC EDGARAsia Metal 10-Q for fiscal 2026
- 8SEC EDGARAsia Metal 10-Q for fiscal 2026
- 9SEC EDGARAsia Metal 10-K for fiscal 2019