RDIB
Reading International, Inc.Communication Services·Entertainment
$9.26
$39M market cap
Revenue
$95.4M
Free Cash Flow
$3.1M
Rev Growth
+0.0%
FCF Margin
3.2%
P/FCF
12.6x
EV/FCF
127.2x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Reading International, Inc., together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas. This segment operates its cinema exhibition businesses under the Reading Cinemas, Angelika Film Center, Consolidated Theatres, State Cinema, Event Cinemas, and Ria
2-Year Price History
$9.28-25.8%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 45.1 | 4.3 | -3.6 | -8.2 | -2.5 | -3.0 | -0.5 | 7.9 | 362.3 | 22.7 | -3.9% | 1.0x | -- |
| Act | 2025-Q4 | 50.3 | 1.1 | -1.0 | -2.6 | 5.2 | 6.1 | -0.9 | 10.5 | 361.0 | 22.7 | -0.8% | 0.2x | -- |
Valuation & Metrics
Market Stats
Price$9.26
Market Cap$39M
Enterprise Value$393M
P/S Ratio0.4x
P/FCF12.6x
EV/FCF127.2x
FCF Margin (TTM)3.2%
FCF Yield8.0%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$95.4M
Net Income$-10.7M
Free Cash Flow$3.1M
Revenue Growth (YoY)+0.0%
EBITDA Margin5.7%
Net Margin-11.2%
FCF Margin3.2%
CapEx % of Revenue1.5%
SBC % of Revenue1.8%
ROIC-2.3%
WC Change % Rev3.5%
Interest Coverage0.6x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover1.2
Change (vs Prior)-9.9%
Need at least 2 settlement dates for chart
Employees
Headcount2,025
Revenue / Employee$47,109
Gross Profit / Employee$3,682
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
3.2%(+0.8% YoY)
7 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.6%(+0.2% YoY)
4 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-0.1% YoY)
1 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| Teton Advisors, LLC | $688K | $11.17 | +$0 | +$688K | +4.7% | $142M |
| GAMCO INVESTORS, INC. ET AL | $315K | $10.48 | +$0 | +$6K | -0.0% | $10.15B |
| DIMENSIONAL FUND ADVISORS LPPassive | $162K | $21.00 | −$25K | −$49K | -0.4% | $480.92B |
| GABELLI FUNDS LLC | $136K | $10.13 | +$0 | +$0 | -0.2% | $14.68B |
| INVESTMENT COUNSEL CO OF NEVADA | $55K | $9.69 | −$47K | +$55K | +3.5% | $44.5M |
| VANGUARD FIDUCIARY TRUST COPassive | $42K | $9.25 | +$43K | +$42K | — | $395.83B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $38K | $9.25 | +$39K | +$38K | — | $4.04T |
| CITIGROUP INC | $38K | $8.21 | −$2K | −$7K | -0.3% | $156.55B |
| UBS Group AG | $12K | $8.84 | +$11K | −$20K | -0.3% | $562.11B |
| Tower Research Capital LLC (TRC)MM | $9K | $13.59 | +$2K | −$41K | -0.6% | $3.84B |
| Vanguard Global Advisers, LLCPassive | $2K | $9.25 | +$2K | +$2K | — | $186.48B |
| SBI Securities Co., Ltd. | $0 | $7.02 | +$0 | −$0 | +0.9% | $3.62B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
+2.67%
avg per quarter
Holders (ex-self)
+2.72%
excl. this stock
Buyers (this Q)
-0.28%
5 buyers · $0.00B in
Sellers (this Q)
+2.91%
3 sellers · $0.00B out
alpha coverage: 95% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-3.5%
how holders react when this stock falls
On quiet Qs
+1.3%
−10% to +10% baseline
On rallies (+10%+)
-2.6%
how they react when this stock rises
Holders' portfolio flow this Q
-5.4%
outflows — trims may be forced
Sellers' portfolio flow this Q
-1.5%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-2.0%
Holder mid (any stock)
-5.2%
Holder rally (any stock)
-8.0%
Biggest decreases this quarter
New buyers this quarter
Top-5 holders · 90.6%
Teton Advisors, LLC--
GAMCO INVESTORS, INC. ET AL--
DIMENSIONAL FUND ADVISORS LP--
GABELLI FUNDS LLC--
INVESTMENT COUNSEL CO OF NEVADA--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Teton Advisors, Inc.—Teton Advisors, LLC74KGAMCO INVESTORS, INC. ET AL34KGABELLI FUNDS LLC15KFIRST FOUNDATION ADVISORS—INVESTMENT COUNSEL CO OF NEVADA6KCITIGROUP INC4KUBS Group AG1KHoover Financial Advisors, Inc.—BARCLAYS PLC—
Analyst Coverage
Analyst Coverage
Analyst Ratings
3
1
Buy: 3Hold: 1Consensus: Buy
Corporate
Order Flow (FINRA, ~3w lag)
27.1%retail-4.0pp
1.1%dark-2.5pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Reading International, Inc.: Real Estate Fire Sales Propping Up a Technically Insolvent Cinema Operation
Overall Risk
9/10
Fraud
3/10
Dilution
8/10
Insolvency
10/10
Earnings Overstated
6/10
Hidden Liabilities
5/10
Legal
7/10
Audit Warnings
9/10
Hidden Upside
4/10
Contextually Acceptable
2/10