IRON MOUNTAIN INC
Business
Iron Mountain Incorporated is a global information management company serving more than 240,000 customers across 61 countries. It provides physical records management, digital solutions, data center operations, and asset lifecycle management services. The company operates through four reportable segments: Global Records and Information Management, Global Data Center Business, Asset Lifecycle Management, and Fine Arts storage. It serves commercial, legal, financial, healthcare, technology, insurance, and government organizations globally.
Summary from 10-K filed 2026-02-12
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total Revenues | 6,902 | 6,150 | 5,480 | 5,104 | 4,492 | |
| Cost of sales (excluding depreciation and amortization) | 3,079 | 2,697 | 2,358 | 2,189 | 1,887 | |
| Selling, general and administrative | 1,394 | 1,340 | 1,236 | 1,141 | 1,023 | |
| Depreciation and amortization | 1,024 | 901 | 776 | 728 | 680 | |
| Acquisition and Integration Costs | 20 | 36 | 26 | 48 | 13 | |
| Restructuring and other transformation | 196 | 161 | 175 | 42 | 206 | |
| Loss (gain) on disposal/write-down of property, plant and equipment, net | 25 | 6 | −13 | −93 | −172 | |
| Total Operating Expenses | 5,738 | 5,140 | 4,559 | 4,054 | 3,637 | |
| Operating Income (Loss) | 1,164 | 1,010 | 922 | 1,050 | 854 | |
| Interest Expense, Net (includes Interest Income of $17,127, $14,672 and $12,471 in 2025, 2024 and 2023, respectively) | 829 | 722 | 586 | 488 | — | |
| Other Expense (Income), Net | 123 | 43 | 109 | −70 | −193 | |
| Net Income (Loss) Before Provision (Benefit) for Income Taxes | 211 | 245 | 227 | 632 | 629 | |
| Provision (Benefit) for Income Taxes | 59 | 61 | 40 | 69 | 176 | |
| Net Income (Loss) | 152 | 184 | 187 | 562 | 453 | |
| Less: Net income (loss) attributable to noncontrolling interests | 8 | 4 | 3 | 5 | 3 | |
| Net Income (Loss) Attributable to Iron Mountain Incorporated | 145 | 180 | 184 | 557 | 450 | |
| Basic (in dollars per share) | 0.49 | 0.61 | 0.63 | 1.92 | 1.56 | |
| Diluted (in dollars per share) | 0.49 | 0.61 | 0.63 | 1.9 | 1.55 | |
| Weighted average common shares outstanding-basic (in shares) | 295 | 293 | 292 | 291 | 289 | |
| Weighted average common shares outstanding-diluted (in shares) | 298 | 296 | 294 | 292 | 291 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 159 | 156 | 223 | 142 | 256 | |
| Accounts receivable (less allowances of $107,838 and $86,712 as of December 31, 2025 and 2024, respectively) | 1,444 | 1,291 | 1,260 | 1,175 | 961 | |
| Prepaid expenses and other | 333 | 244 | 253 | 230 | 224 | |
| Total Current Assets | 1,935 | 1,691 | 1,736 | 1,547 | 1,441 | |
| Property, plant and equipment | 14,457 | 11,986 | 10,374 | 9,026 | 8,647 | |
| LessAccumulated depreciation | −4,911 | −4,354 | −4,059 | −3,910 | −3,979 | |
| Property, Plant and Equipment, Net | 9,546 | 7,632 | 6,315 | 5,115 | 4,668 | |
| Goodwill | 5,286 | 5,084 | 5,018 | 4,883 | 4,464 | |
| Customer and supplier relationships and other intangible assets | 1,270 | 1,275 | 1,280 | 1,423 | 1,181 | |
| Operating lease right-of-use assets | 2,465 | 2,490 | 2,696 | 2,584 | 2,314 | |
| Other | 623 | 546 | 430 | 588 | 382 | |
| Total Other Assets, Net | 9,644 | 9,394 | 9,423 | 9,478 | 8,341 | |
| Total Assets | 21,125 | 18,717 | 17,474 | 16,141 | 14,450 | |
| Current portion of long-term debt | 216 | 715 | 121 | 88 | 309 | |
| Accounts payable | 711 | 679 | 540 | 469 | 369 | |
| Accrued expenses and other current liabilities (includes current portion of operating lease liabilities) | 1,291 | 1,367 | 1,250 | 1,032 | 1,033 | |
| Deferred revenue | 402 | 327 | 326 | 329 | 307 | |
| Total Current Liabilities | 2,619 | 3,087 | 2,236 | 1,918 | 2,019 | |
| Long-term Debt, net of current portion | 16,216 | 13,004 | 11,813 | 10,481 | 8,963 | |
| Long-term Operating Lease Liabilities, net of current portion | 2,300 | 2,335 | 2,562 | 2,429 | 2,171 | |
| Other Long-term Liabilities | 450 | 312 | 238 | 317 | 144 | |
| Deferred Income Taxes | 184 | 205 | 235 | 263 | 224 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Redeemable Noncontrolling Interests | 64 | 78 | 178 | 95 | 72 | |
| Preferred stock (par value $0.01; authorized 10,000,000 shares; none issued and outstanding) | 0 | 0 | 0 | 0 | 0 | |
| Common stock (par value $0.01; authorized 400,000,000 shares; issued and outstanding 295,788,645 shares and 293,592,637 shares as of December 31, 2025 and 2024, respectively) | 3 | 3 | 3 | 3 | 3 | |
| Additional paid-in capital | 4,790 | 4,647 | 4,534 | 4,468 | 4,413 | |
| (Distributions in excess of earnings) Earnings in excess of distributions | −5,405 | −4,583 | −3,954 | −3,392 | −3,221 | |
| Accumulated other comprehensive items, Net | −369 | −570 | −371 | −442 | −338 | |
| Total Iron Mountain Incorporated Stockholders (Deficit) Equity | −981 | −503 | 212 | 637 | 856 | |
| Noncontrolling Interests | 272 | 198 | 125,000 | 125,000 | 1 | |
| Total (Deficit) Equity | −709 | −305 | 212 | 637 | 857 | |
| Total Liabilities and (Deficit) Equity | 21,125 | 18,717 | 17,474 | 16,141 | 14,450 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 731 | 629 | 526 | 479 | 465 | |
| Amortization (includes amortization of deferred financing costs and discounts of $32,769, $25,580 and $16,859 in 2025, 2024 and 2023, respectively) | 326 | 297 | 267 | 267 | 232 | |
| Revenue reduction associated with amortization of customer inducements and data center above- and below-market leases | 6 | 5 | 7 | 8 | 9 | |
| Stock-based compensation expense | 140 | 118 | 74 | 57 | 61 | |
| (Benefit) provision for deferred income taxes | −48 | −41 | −35 | −56 | 29 | |
| Loss (gain) associated with the remeasurement of deferred purchase obligations | 20 | 29 | 0 | −94 | 0 | |
| Loss (gain) associated with the remeasurement to fair value of our previously held equity interest | 0 | 0 | 38 | −36 | 0 | |
| Foreign currency transactions and other, net | 48 | 41 | 103 | −20 | −7 | |
| (Increase) decrease in assets | −263 | −78 | −70 | −225 | −174 | |
| Increase (decrease) in liabilities | 202 | 6 | 30 | −28 | 43 | |
| Cash Flows from Operating Activities | 1,340 | 1,197 | 1,114 | 928 | 759 | |
| Capital expenditures | −2,272 | −1,792 | −1,339 | −875 | −611 | |
| Cash paid for acquisitions, net of cash acquired | −102 | −178 | −42 | −804 | −204 | |
| Acquisition of customer intangibles | −75 | −62 | −6 | −8 | −6 | |
| Contract costs | −96 | −113 | −95 | −70 | −59 | |
| Investments in joint ventures and other investments, net | −43 | −10 | −16 | −73 | −79 | |
| Proceeds from sales of property and equipment and other, net | 14 | 18 | 54 | 170 | 278 | |
| Cash Flows from Investing Activities | −2,574 | −2,137 | −1,444 | −1,660 | −473 | |
| Repayment of revolving credit facility, term loan facilities and other debt | −16,003 | −14,473 | −18,192 | −11,593 | −5,164 | |
| Proceeds from revolving credit facility, term loan facilities and other debt | 17,010 | 14,965 | 18,386 | 12,950 | 4,972 | |
| Net proceeds from sales of senior notes | 1,391 | 1,188 | 990 | 0 | 738 | |
| Equity contributions from noncontrolling interests | 93 | 231 | 25 | 29 | 0 | |
| Equity distribution to noncontrolling interests | −13 | −3 | −4 | −3 | −2 | |
| Repurchase of noncontrolling interest | 0 | −35 | −400,000 | −5 | −75 | |
| Parent cash dividends | −919 | −790 | −738 | −724 | −718 | |
| Payment of deferred purchase obligations and other deferred payments | −241 | −159 | 0 | 0 | — | |
| Net (payments) proceeds associated with employee stock-based awards | −37 | −12 | −9 | −5 | — | |
| Other, net | −13 | −36 | −33 | −10 | 4 | |
| Cash Flows from Financing Activities | 1,268 | 877 | 426 | 639 | −221 | |
| Effect of Exchange Rates on Cash and Cash Equivalents | −31 | −4 | −14 | −21 | −14 | |
| Increase (decrease) in Cash and Cash Equivalents | 3 | −67 | 81 | −114 | 51 | |
| Cash Paid for Interest | 825 | 771 | 512 | 483 | 428 | |
| Cash Paid for Income Taxes, Net | 122 | 91 | 90 | 100 | 130 | |
| Financing Leases and Other | 228 | 144 | 135 | 50 | 51 | |
| Accrued Capital Expenditures | 281 | 342 | 234 | 173 | 88 | |
| Deferred Purchase Obligations and Other Deferred Payments | 40 | 269 | 19 | 193 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is IRON MOUNTAIN INC's CIK number?
IRON MOUNTAIN INC's SEC CIK number is 0001020569 (1020569). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find IRON MOUNTAIN INC's SEC filings?
All of IRON MOUNTAIN INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did IRON MOUNTAIN INC last report earnings?
IRON MOUNTAIN INC (IRM) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001020569-26-000036). This is IRON MOUNTAIN INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is IRON MOUNTAIN INC's most recent earnings 8-K?
IRON MOUNTAIN INC's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001020569-26-000036. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View IRON MOUNTAIN INC's latest earnings 8-K →
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