Iron Mountain Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Iron Mountain Inc reported revenue of $6.9B (+12.2% year on year) and net income of $211.2M (-13.6% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total Revenues | $6.9B | $6.1B | $5.5B | $5.1B |
| Cost of sales (excluding depreciation and amortization) | $3.1B | $2.7B | $2.4B | $2.2B |
| Selling, general and administrative | $1.4B | $1.3B | $1.2B | $1.1B |
| Depreciation and amortization | $1.0B | $900.9M | $776.2M | $727.6M |
| Acquisition and Integration Costs | $19.5M | $35.8M | $25.9M | $47.7M |
| Restructuring and other transformation | $195.9M | $161.4M | $175.2M | $41.9M |
| Loss (gain) on disposal/write-down of property, plant and equipment, net | $24.6M | $6.2M | ($12.8M) | ($93.3M) |
| Total Operating Expenses | $5.7B | $5.1B | $4.6B | $4.1B |
| Operating Income (Loss) | $1.2B | $1.0B | $921.8M | $1.0B |
| Interest Expense, Net (includes Interest Income of $17,127, $14,672 and $12,471 in 2025, 2024 and 2023, respectively) | $829.3M | $721.6M | — | — |
| Other Expense (Income), Net | $123.3M | $43.4M | $108.6M | ($69.8M) |
| Net Income (Loss) Before Provision (Benefit) for Income Taxes | $211.2M | $244.5M | $227.2M | $631.6M |
| Provision (Benefit) for Income Taxes | $58.9M | $60.9M | $39.9M | $69.5M |
| Net Income (Loss) | $152.3M | $183.7M | $187.3M | $562.1M |
| Less: Net income (loss) attributable to noncontrolling interests | $7.7M | $3.5M | $3.0M | $5.2M |
| Net Income (Loss) Attributable to Iron Mountain Incorporated | $144.6M | $180.2M | $184.2M | $557.0M |
| Basic (in dollars per share) | $0.49 | $0.61 | $0.63 | $1.92 |
| Diluted (in dollars per share) | $0.49 | $0.61 | $0.63 | $1.90 |
| Weighted average common shares outstanding-basic (in shares) | 295.4M | 293.4M | 291.9M | 290.8M |
| Weighted average common shares outstanding-diluted (in shares) | 297.8M | 296.2M | 294.0M | 292.4M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total Revenues | $2.0B | $1.9B | $1.8B | $1.7B |
| Cost of sales (excluding depreciation and amortization) | $958.6M | $889.8M | $791.9M | $754.8M |
| Selling, general and administrative | $402.3M | $372.8M | $335.2M | $390.5M |
| Depreciation and amortization | $281.4M | $267.8M | $262.2M | $252.6M |
| Acquisition and Integration Costs | $1.7M | $2.9M | $5.4M | $4.8M |
| Restructuring and other transformation | $0 | $0 | $47.3M | $50.3M |
| Loss (gain) on disposal/write-down of property, plant and equipment, net | $11.5M | $7.6M | $3.4M | ($962.0K) |
| Total Operating Expenses | $1.7B | $1.5B | $1.4B | $1.5B |
| Operating Income (Loss) | $373.5M | $395.2M | $308.6M | $259.9M |
| Interest Expense, Net (includes Interest Income of $1,425 and $4,442 for the three months ended June 30, 2026 and 2025, respectively) | $223.4M | $223.8M | $209.7M | $205.1M |
| Other Expense (Income), Net | $29.2M | ($4.7M) | ($4.0M) | $81.9M |
| Net Income (Loss) Before Provision (Benefit) for Income Taxes | $120.9M | $176.1M | $102.8M | ($27.0M) |
| Provision (Benefit) for Income Taxes | $14.8M | $27.1M | $16.6M | $16.3M |
| Net Income (Loss) | $106.1M | $149.0M | $86.2M | ($43.3M) |
| Less: Net Income (Loss) Attributable to Noncontrolling Interests | $4.7M | $5.3M | $2.0M | $1.6M |
| Net Income (Loss) Attributable to Iron Mountain Incorporated | $101.4M | $143.7M | $84.3M | ($44.9M) |
| Basic (in dollars per share) | $0.34 | $0.48 | $0.28 | -$0.15 |
| Diluted (in dollars per share) | $0.34 | $0.48 | $0.28 | -$0.15 |
| Weighted average common shares outstanding-basic (in shares) | 297.7M | 296.8M | 295.8M | 295.4M |
| Weighted average common shares outstanding-diluted (in shares) | 299.8M | 298.8M | 298.0M | 295.4M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $158.5M | $155.7M | $222.8M | $141.8M |
| Accounts receivable (less allowances of $107,838 and $86,712 as of December 31, 2025 and 2024, respectively) | $1.4B | $1.3B | $1.3B | $1.2B |
| Prepaid expenses and other | $332.8M | $244.1M | $252.9M | $230.4M |
| Total Current Assets | $1.9B | $1.7B | $1.7B | $1.5B |
| Property, plant and equipment | $14.5B | $12.0B | $10.4B | $9.0B |
| Less—Accumulated depreciation | ($4.9B) | ($4.4B) | ($4.1B) | ($3.9B) |
| Property, Plant and Equipment, Net | $9.5B | $7.6B | $6.3B | $5.1B |
| Goodwill | $5.3B | $5.1B | $5.0B | $4.9B |
| Customer and supplier relationships and other intangible assets | $1.3B | $1.3B | $1.3B | $1.4B |
| Operating lease right-of-use assets | $2.5B | $2.5B | $2.7B | $2.6B |
| Other | $623.1M | $545.9M | $429.7M | $588.3M |
| Total Other Assets, Net | $9.6B | $9.4B | $9.4B | $9.5B |
| Total Assets | $21.1B | $18.7B | $17.5B | $16.1B |
| Current portion of long-term debt | $216.1M | $715.1M | $120.7M | $87.5M |
| Accounts payable | $710.7M | $678.7M | $539.6M | $469.2M |
| Accrued expenses and other current liabilities (includes current portion of operating lease liabilities) | $1.3B | $1.4B | $1.3B | $1.0B |
| Deferred revenue | $402.1M | $326.9M | $325.7M | $328.9M |
| Total Current Liabilities | $2.6B | $3.1B | $2.2B | $1.9B |
| Long-term Debt, net of current portion | $16.2B | $13.0B | $11.8B | $10.5B |
| Long-term Operating Lease Liabilities, net of current portion | $2.3B | $2.3B | $2.6B | $2.4B |
| Other Long-term Liabilities | $450.1M | $312.2M | $237.6M | $317.4M |
| Deferred Income Taxes | $184.0M | $205.3M | $235.4M | $263.0M |
| Redeemable Noncontrolling Interests | $64.4M | $78.2M | $177.9M | $95.2M |
| Preferred stock (par value $0.01; authorized 10,000,000 shares; none issued and outstanding) | 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) | 3.0M | 2.9M | 2.9M | 2.9M |
| Additional paid-in capital | $4.8B | $4.6B | $4.5B | $4.5B |
| (Distributions in excess of earnings) Earnings in excess of distributions | ($5.4B) | ($4.6B) | ($4.0B) | ($3.4B) |
| Accumulated other comprehensive items, Net | ($369.0M) | ($570.0M) | ($371.2M) | ($442.0M) |
| Total Iron Mountain Incorporated Stockholders’ (Deficit) Equity | ($981.0M) | ($503.1M) | $211.6M | $636.7M |
| Noncontrolling Interests | $271.7M | $198.4M | $125.0K | $125.0K |
| Total (Deficit) Equity | ($709.3M) | ($304.7M) | $211.8M | $636.8M |
| Total Liabilities and (Deficit) Equity | $21.1B | $18.7B | $17.5B | $16.1B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $204.8M | $250.7M | $195.2M | $218.0M |
| Accounts receivable (less allowances of $105,218 and $107,838 as of June 30, 2026 and December 31, 2025, respectively) | $1.5B | $1.4B | $1.4B | $1.4B |
| Prepaid expenses and other | $411.8M | $367.7M | $314.3M | $292.1M |
| Total Current Assets | $2.1B | $2.0B | $1.9B | $1.9B |
| Property, plant and equipment | $15.4B | $14.9B | $14.0B | $13.5B |
| Less—Accumulated depreciation | ($5.2B) | ($5.0B) | ($4.8B) | ($4.7B) |
| Property, Plant and Equipment, Net | $10.3B | $9.8B | $9.1B | $8.8B |
| Goodwill | $5.3B | $5.3B | $5.3B | $5.2B |
| Customer and supplier relationships and other intangible assets | $1.2B | $1.2B | $1.3B | $1.2B |
| Operating lease right-of-use assets | $2.4B | $2.5B | $2.5B | $2.4B |
| Other | $642.0M | $648.0M | $635.6M | $615.4M |
| Total Other Assets, Net | $9.6B | $9.6B | $9.6B | $9.5B |
| Total Assets | $22.0B | $21.5B | $20.6B | $20.2B |
| Current portion of long-term debt | $220.8M | $217.0M | $699.3M | $777.9M |
| Accounts payable | $857.2M | $782.5M | $658.1M | $650.9M |
| Accrued expenses and other current liabilities (includes current portion of operating lease liabilities) | $1.4B | $1.3B | $1.2B | $1.2B |
| Deferred revenue | $398.0M | $386.4M | $347.0M | $342.2M |
| Total Current Liabilities | $2.9B | $2.7B | $2.9B | $3.0B |
| Long-term Debt, net of current portion | $17.1B | $16.9B | $15.5B | $14.8B |
| Long-term Operating Lease Liabilities, net of current portion | $2.3B | $2.3B | $2.3B | $2.3B |
| Other Long-term Liabilities | $374.0M | $355.7M | $389.1M | $376.0M |
| Deferred Income Taxes | $181.6M | $180.4M | $218.2M | $221.0M |
| Redeemable Noncontrolling Interests | $63.2M | $63.7M | $75.4M | $76.9M |
| Preferred stock (par value $0.01; authorized 10,000,000 shares; none issued and outstanding) | 0 | 0 | 0 | 0 |
| Common stock (par value $0.01; authorized 400,000,000 shares; issued and outstanding 297,662,013 and 295,788,645 shares as of June 30, 2026 and December 31, 2025, respectively) | 3.0M | 3.0M | 3.0M | 3.0M |
| Additional paid-in capital | $4.8B | $4.7B | $4.7B | $4.7B |
| (Distributions in excess of earnings) Earnings in excess of distributions | ($5.7B) | ($5.5B) | ($5.2B) | ($5.1B) |
| Accumulated other comprehensive items, net | ($415.3M) | ($402.6M) | ($378.6M) | ($363.6M) |
| Total Iron Mountain Incorporated Stockholders' (Deficit) Equity | ($1.3B) | ($1.2B) | ($882.0M) | ($767.4M) |
| Noncontrolling Interests | $325.9M | $276.6M | $198.8M | $198.6M |
| Total (Deficit) Equity | ($955.0M) | ($938.4M) | ($683.2M) | ($568.9M) |
| Total Liabilities and (Deficit) Equity | $22.0B | $21.5B | $20.6B | $20.2B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | $152.3M | $183.7M | $187.3M | $562.1M |
| Depreciation | $730.9M | $629.3M | $525.9M | $479.0M |
| Amortization (includes amortization of deferred financing costs and discounts of $32,769, $25,580 and $16,859 in 2025, 2024 and 2023, respectively) | $326.3M | $297.2M | $267.2M | $266.7M |
| Revenue reduction associated with amortization of customer inducements and data center above- and below-market leases | $6.2M | $5.3M | $7.0M | $8.1M |
| Stock-based compensation expense | $140.3M | $118.1M | $73.8M | $56.9M |
| (Benefit) provision for deferred income taxes | ($47.7M) | ($41.4M) | ($35.3M) | ($55.9M) |
| Loss (gain) on disposal/write-down of property, plant and equipment, net | $24.6M | $6.2M | ($12.8M) | ($93.3M) |
| Loss (gain) associated with the remeasurement of deferred purchase obligations | $19.7M | $29.5M | $0 | ($93.6M) |
| Loss (gain) associated with the remeasurement to fair value of our previously held equity interest | $0 | $0 | $38.0M | — |
| Foreign currency transactions and other, net | $48.0M | $41.2M | $103.1M | ($20.5M) |
| (Increase) decrease in assets | ($262.7M) | ($78.3M) | ($70.3M) | ($224.6M) |
| Increase (decrease) in liabilities | $202.1M | $5.9M | $29.7M | ($27.8M) |
| Cash Flows from Operating Activities | $1.3B | $1.2B | $1.1B | $927.7M |
| Capital expenditures | ($2.3B) | ($1.8B) | ($1.3B) | ($875.4M) |
| Cash paid for acquisitions, net of cash acquired | ($101.6M) | ($178.4M) | ($41.8M) | ($803.7M) |
| Acquisition of customer intangibles | ($75.5M) | ($62.4M) | $0 | ($2.1M) |
| Contract costs | ($95.9M) | ($112.5M) | ($95.1M) | ($70.3M) |
| Investments in joint ventures and other investments, net | ($43.2M) | ($9.8M) | ($15.8M) | ($73.2M) |
| Proceeds from sales of property and equipment and other, net | $13.6M | $18.0M | $53.5M | $170.4M |
| Cash Flows from Investing Activities | ($2.6B) | ($2.1B) | ($1.4B) | ($1.7B) |
| Repayment of revolving credit facility, term loan facilities and other debt | ($16.0B) | ($14.5B) | ($18.2B) | ($11.6B) |
| Proceeds from revolving credit facility, term loan facilities and other debt | $17.0B | $15.0B | $18.4B | $12.9B |
| Net proceeds from sales of senior notes | $1.4B | $1.2B | $990.0M | $0 |
| Equity contributions from noncontrolling interests | $93.3M | $230.8M | $24.7M | $29.2M |
| Equity distribution to noncontrolling interests | ($12.9M) | ($2.7M) | ($3.9M) | ($3.0M) |
| Repurchase of noncontrolling interest | $0 | ($35.2M) | ($400.0K) | ($4.5M) |
| Parent cash dividends | ($919.4M) | ($789.5M) | ($737.6M) | ($724.4M) |
| Payment of deferred purchase obligations and other deferred payments | ($240.7M) | ($158.8M) | — | — |
| Net (payments) proceeds associated with employee stock-based awards | ($36.8M) | ($12.2M) | ($8.8M) | ($4.8M) |
| Other, net | ($12.7M) | ($35.7M) | ($32.6M) | ($9.6M) |
| Cash Flows from Financing Activities | $1.3B | $876.7M | $425.7M | $639.2M |
| Effect of Exchange Rates on Cash and Cash Equivalents | ($30.9M) | ($3.8M) | ($13.9M) | ($20.5M) |
| Increase (decrease) in Cash and Cash Equivalents | $2.8M | ($67.1M) | $81.0M | ($114.0M) |
| Cash and Cash Equivalents, Beginning of Year | $155.7M | $222.8M | $141.8M | $255.8M |
| Cash and Cash Equivalents, End of Year | $158.5M | $155.7M | $222.8M | — |
| Cash Paid for Interest | $824.6M | $770.7M | $512.4M | $482.7M |
| Cash Paid for Income Taxes, Net | $121.6M | $90.7M | $89.6M | $99.6M |
| Financing Leases and Other | $228.4M | $144.5M | $135.5M | $49.8M |
| Accrued Capital Expenditures | $281.2M | $341.8M | $234.3M | $172.6M |
| Deferred Purchase Obligations and Other Deferred Payments | $39.9M | $268.9M | $18.6M | — |
| Dividends Payable | $269.6M | $222.6M | $202.4M | $194.3M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net Income (Loss) | $255.1M | $149.0M | $59.1M | ($27.1M) |
| Depreciation | $395.0M | $192.1M | $532.5M | $343.0M |
| Amortization (includes amortization of deferred financing costs and discounts of $16,110 and $15,659 for the six months ended June 30, 2026 and 2025, respectively) | $170.4M | $83.8M | $238.9M | $157.4M |
| Revenue reduction associated with amortization of customer inducements and above- and below-market leases | $3.0M | $1.5M | $4.5M | $3.0M |
| Stock-based compensation expense | $85.0M | $28.3M | $118.6M | $86.4M |
| Provision (benefit) for deferred income taxes | $3.5M | $2.3M | ($9.8M) | $2.5M |
| Loss (gain) on disposal/write-down of property, plant and equipment, net | $19.1M | $7.6M | $8.0M | $4.6M |
| Loss (gain) associated with the remeasurements of deferred purchase obligations | $59.8M | $17.8M | — | — |
| Foreign currency transactions and other, net | ($20.9M) | ($8.4M) | $47.1M | $46.2M |
| (Increase) decrease in assets | ($196.3M) | ($65.9M) | ($155.9M) | ($135.3M) |
| Increase (decrease) in liabilities | $114.3M | ($69.6M) | ($3.0M) | $91.7M |
| Cash Provided by (Used in) Operating Activity, Including Discontinued Operation, Total | $887.8M | $338.6M | $840.0M | $572.4M |
| Capital expenditures | ($1.1B) | ($518.0M) | ($1.8B) | ($1.2B) |
| Cash paid for acquisitions, net of cash acquired | $0 | $0 | ($101.6M) | ($34.4M) |
| Acquisition of customer intangibles | ($40.2M) | ($3.2M) | ($21.2M) | ($9.9M) |
| Contract costs | ($30.3M) | ($13.5M) | ($59.6M) | ($41.5M) |
| Investments in joint ventures and other investments, net | $2.2M | ($1.0M) | ($43.3M) | ($43.6M) |
| Proceeds from sales of property and equipment and other, net | $8.2M | $4.3M | $12.9M | $10.1M |
| Cash Provided by (Used in) Investing Activity, Including Discontinued Operation, Total | ($1.2B) | ($531.5M) | ($2.0B) | ($1.4B) |
| Repayment of revolving credit facility, term loan facilities and other debt | ($10.7B) | ($3.9B) | ($12.7B) | ($7.4B) |
| Proceeds from revolving credit facility, term loan facilities and other debt | $10.0B | $4.6B | $13.5B | $9.0B |
| Net proceeds from sale of senior note | $1.5B | — | $1.4B | — |
| Equity contribution from noncontrolling interests | $95.2M | — | $0 | — |
| Equity distribution to noncontrolling interests | ($11.4M) | ($855.0K) | ($6.5M) | ($3.5M) |
| Parent cash dividends | ($532.7M) | ($275.6M) | ($687.2M) | ($455.2M) |
| Payment of deferred purchase obligations and other deferred payments | ($6.9M) | ($6.4M) | ($240.2M) | ($240.2M) |
| Net (payments) proceeds associated with employee stock-based awards | ($93.8M) | ($101.1M) | ($46.4M) | ($53.1M) |
| Other, net | ($10.1M) | ($2.9M) | ($7.8M) | ($2.9M) |
| Cash Provided by (Used in) Financing Activity, Including Discontinued Operation, Total | $304.0M | $271.2M | $1.2B | $882.9M |
| Effect of Exchange Rates on Cash and Cash Equivalents | $20.8M | $13.9M | ($33.4M) | ($42.2M) |
| Increase (Decrease) in Cash and Cash Equivalents | $46.3M | $92.2M | $39.5M | $62.3M |
| Cash and Cash Equivalents, Beginning of Period | $158.5M | $158.5M | $155.7M | $155.7M |
| Cash and Cash Equivalents, End of Period | $204.8M | $250.7M | $195.2M | $218.0M |
| Cash Paid for Interest | $461.5M | $341.8M | $711.5M | $386.4M |
| Cash Paid for Income Taxes, Net | $60.7M | $26.4M | $89.8M | $60.1M |
| Financing Leases and Other | $90.5M | $38.5M | $193.0M | $141.8M |
| Accrued Capital Expenditures | $298.9M | $301.9M | $247.2M | $242.3M |
| Deferred Purchase Obligations and Other Deferred Payments | $7.9M | $0 | $28.1M | $3.6M |
| Dividends Payable | $266.9M | $265.2M | $244.2M | $242.4M |
Iron Mountain Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.