Investment Thesis
AMC is in severe financial distress with negative stockholders' equity of -$1.9B, indicating liabilities exceed assets. The company is burning cash with negative operating cash flow (-$119.8M) and negative free cash flow (-$365.9M), while generating losses across all profitability measures. Current ratio of 0.41x indicates acute liquidity crisis with insufficient current assets to cover near-term obligations.
AMC Strengths
- Stable revenue base at $4.8B with flat YoY performance showing market presence
- Maintains $428.5M in cash and equivalents providing short-term liquidity buffer
- Significant insider activity (27 Form 4 filings) in last 90 days indicating management engagement
AMC Risks
- Negative stockholders' equity of -$1.9B represents insolvency from accounting perspective
- Severe liquidity crisis with current ratio of 0.41x unable to meet short-term obligations
- Operating losses of -$17.4M on $4.8B revenue with deteriorating net margin of -13.0%, worsened 79.4% YoY
- Negative operating cash flow and free cash flow of -$365.9M indicates unsustainable business model
- High leverage with $4.0B long-term debt against negative equity base
Key Metrics to Watch
- Operating cash flow trend - critical for survival without continued dilution
- Cash burn rate and cash runway remaining given current depletion pace
- Debt restructuring progress and refinancing ability amid negative equity
- Revenue stabilization and path to operating profitability
- Stockholders' equity recovery timeline
AMC Financial Metrics
AMC Profitability Ratios
AMC Balance Sheet & Liquidity
AMC 5-Year Financial Trend
5-Year Trend Summary: AMC ENTERTAINMENT HOLDINGS, INC.'s revenue has declined by 11% over the 5-year period, indicating business contraction. The most recent EPS of $-2.37 indicates the company is currently unprofitable.
AMC Growth Metrics (YoY)
AMC Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $1.3B | -$4.7M | $-0.06 |
| Q2 2025 | $1.0B | -$4.7M | $-0.01 |
| Q1 2025 | $862.5M | -$163.5M | $-0.47 |
| Q3 2024 | $1.3B | $8.6M | $-0.06 |
| Q2 2024 | $1.0B | $8.6M | $0.06 |
| Q1 2024 | $951.4M | -$163.5M | $-0.62 |
| Q3 2023 | $968.4M | $8.6M | $0.08 |
| Q2 2023 | $1.2B | $8.6M | $0.01 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
AMC Capital Allocation
AMC SEC Filings
Access official SEC EDGAR filings for AMC ENTERTAINMENT HOLDINGS, INC. (CIK: 0001411579)