Reading International, Inc. (RDIB) AI Stock Analysis

NASDAQ: RDIBAI research summary: business, growth, valuation, analysts, bull and bear case.

RDIB AI stock analysis summary

AI Research

Reading International, Inc. (RDIB) operates cinema exhibition and real estate assets across the United States, Australia, and New Zealand. In FY2025, revenue was $203.0M with a net loss of -$14.1M, while trailing twelve month revenue reached $214.5M. The company carries $357.2M in total debt against cash and short-term investments of $5.7M as of June 30, 2026.

Market cap
$263.5M
Revenue (TTM)
$214.5M
P/E
—
fwd 10.3x
1Y return
1.7%
S&P 500 16.8%
Avg. target
—

Bull case

  • Quarterly revenue grew 10.8% year-over-year in the quarter ended June 30, 2026.
  • Gross margin improved from 4.4% in FY2021 to 13.4% in FY2025 as operating margin reached -2.6%.
  • Analyst consensus projects revenue to grow 4.0% to $243.1M in the next fiscal year.

Bear case

  • The company posted net losses in four consecutive fiscal years, including -$14.1M in FY2025 and a TTM net loss of -$0.55 per share.
  • As of June 30, 2026, total debt of $357.2M heavily exceeds cash and short-term investments of $5.7M.
  • Shareholders' equity stands at -$23.3M with a weak current ratio of 0.23 as of June 30, 2026.

What Reading International does

Reading International, Inc., headquartered in New York, New York, specializes in the ownership, development, and operation of entertainment and real estate assets across the United States, Australia, and New Zealand. Established in 1999, the company operates through two primary segments: Cinema Exhibition and Real Estate. Under Cinema Exhibition, it manages multiplex cinemas under brands including Reading Cinemas, Angelika Film Center, Consolidated Theatres, State Cinema, Event Cinemas, and Rialto Cinemas. Its Real Estate segment focuses on developing, leasing, and licensing retail, commercial, and live theater properties, including entertainment-themed centers and office buildings.

Growth and profitability

Reading International recorded a 5-year revenue CAGR of 21.1% from FY2020 to FY2025. Annual revenue grew 78.6% to $139.1M in FY2021, 46.1% to $203.1M in FY2022, and 9.7% to $222.7M in FY2023. Revenue then declined 5.5% to $210.5M in FY2024 and fell 3.6% to $203.0M in FY2025. Gross margin expanded from 4.4% in FY2021 to 13.4% in FY2025, while operating margin improved from -30.1% to -2.6%. Net income was $31.9M in FY2021, followed by losses of -$36.2M in FY2022, -$30.7M in FY2023, -$35.3M in FY2024, and -$14.1M in FY2025. For the latest quarter ending June 30, 2026, quarterly revenue growth was 10.8% year-over-year, while quarterly earnings declined 29.0%.

RDIB income statement →

Balance sheet and cash flow

As of June 30, 2026, Reading International held $5.7M in cash and short-term investments against $357.2M in total debt, resulting in net debt of $351.5M. Total assets stood at $429.4M, with a current ratio of 0.23 and negative shareholders' equity of -$23.3M. In FY2025, operating cash flow was -$1.6M and free cash flow was -$1.6M. Over five years, the company's share count increased 9.3%.

RDIB balance sheet →

Valuation and performance

At a last close of $11.51 on October 16, 2026, Reading International has a market cap of $263.5M and an enterprise value of $421.4M. The stock trades at a forward P/E of 10.3x, compared to the median of its US-listed Communication Services peers of 14.1x. Its price-to-sales ratio is 1.2x versus the peer median of 0.8x, and its EV/EBITDA stands at 20.9x compared to 10.0x for peers. Over the past year, the stock returned 1.7% compared to 16.8% for the S&P 500 (SPY), while its 5-year return of -59.5% trailed the S&P 500 return of 83.0%.

RDIB key metrics →

What analysts expect

For the current fiscal year ending December 31, 2026, consensus revenue estimates stand at $233.6M. For the next fiscal year, analysts estimate revenue of $243.1M, representing expected revenue growth of 4.0%. Over the trailing four quarters, Reading International reported 2 EPS beats out of 4 quarters. Insiders hold 82.2% of the company's shares, institutions hold 14.8%, and short interest represents 3.2% of the float.

RDIB forecast and price target →

Key risks and what to watch

  • A current ratio of 0.23 and cash of $5.7M present immediate liquidity constraints against $357.2M in total debt.
  • Free cash flow was negative in each of the past five years, totaling -$1.6M in FY2025 and -$10.0M in FY2024.
  • The company has negative shareholders' equity of -$23.3M as of June 30, 2026.
  • The stock has experienced long-term underperformance, posting a 5-year return of -59.5% versus 83.0% for the S&P 500.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this RDIB AI stock analysis

This page is an AI-written research summary of Reading International, Inc. (RDIB). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: RDIB income statement, RDIB balance sheet, RDIB key metrics, RDIB analyst forecast, RDIB chart. See the RDIB stock overview for the latest quote and news.

RDIB AI stock analysis FAQ

Does Reading International pay a dividend?

No dividend information is reported for Reading International, and the company does not currently pay a dividend.

What are Reading International's main business segments?

Reading International operates through two primary segments: Cinema Exhibition, which runs theater brands such as Reading Cinemas and Angelika Film Center, and Real Estate, which develops, leases, and licenses retail, commercial, and live theater properties.

What is Reading International's debt position?

As of June 30, 2026, Reading International reported total debt of $357.2M and net debt of $351.5M, compared to $5.7M in cash and short-term investments.

What is the revenue outlook for RDIB?

Analysts estimate revenue of $233.6M for the fiscal year ending December 31, 2026, and $243.1M for the next fiscal year, which reflects projected annual revenue growth of 4.0%.

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