Iron Mountain Inc (IRM) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Iron Mountain reported revenue of $6.90B, up 12.2% from $6.15B the year before. Net income was $144.6M (a 2.1% net margin), or $0.49 per diluted share. Gross margin was 16.9% and operating margin was 16.9%. Operating activities generated $1.34B of cash, leaving -$931.6M of free cash flow. At fiscal year end, Iron Mountain held $21.13B in total assets against $22.11B in total liabilities, including $158.5M of cash and equivalents.
Open the full interactive Iron Mountain financials → Quarterly statements, key ratios, valuation history and price charts.
Iron Mountain Key Stats
| Share Price | $114.60 |
|---|---|
| Market Cap | $34.36B |
| P/E Ratio | 233.9 |
| Revenue YoY Growth | +12.2% |
| 52-Week Range | $77.09 – $132.03 |
| Shares Outstanding | 297.7 million (basic, 2026 Q2) |
Iron Mountain Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $4.15B | $4.49B | $5.10B | $5.48B | $6.15B | $6.90B |
| Cost of Goods Sold | $3.21B | $3.64B | $4.05B | $4.56B | $5.14B | $5.74B |
| Gross Profit | $934.8M | $854.2M | $1.05B | $921.8M | $1.01B | $1.16B |
| Operating Income | $934.8M | $854.2M | $1.05B | $921.8M | $1.01B | $1.16B |
| Pre-Tax Income | $372.3M | $626.5M | $631.6M | $227.2M | $244.5M | $211.2M |
| Income Tax | $29.6M | $176.3M | $69.5M | $39.9M | $60.9M | $58.9M |
| Net Income | $342.7M | $450.2M | $557.0M | $184.2M | $180.2M | $144.6M |
| Diluted EPS | $1.19 | $1.55 | $1.90 | $0.63 | $0.61 | $0.49 |
Iron Mountain Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.75B | $1.84B | $1.94B | $2.03B |
| Net Income | $84.3M | $89.3M | $143.7M | $101.4M |
| Diluted EPS | $0.28 | $0.30 | $0.48 | $0.34 |
Iron Mountain Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $205.1M | $255.8M | $141.8M | $222.8M | $155.7M | $158.5M |
| Current Assets | $1.27B | $1.44B | $1.55B | $1.74B | $1.69B | $1.93B |
| Total Assets | $14.15B | $14.45B | $16.14B | $17.47B | $18.72B | $21.13B |
| Current Liabilities | $2.00B | $2.02B | $1.92B | $2.24B | $3.09B | $2.62B |
| Total Long-Term Debt | $8.70B | $9.27B | $10.57B | $11.93B | $13.72B | $16.43B |
| Total Liabilities | $13.01B | $13.59B | $15.50B | $17.26B | $19.22B | $22.11B |
| Shareholders' Equity | $1.14B | $856.0M | $636.7M | $211.6M | -$503.1M | -$981.0M |
Iron Mountain Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $987.7M | $758.9M | $927.7M | $1.11B | $1.20B | $1.34B |
| Cash From Investing | -$85.4M | -$473.3M | -$1.66B | -$1.44B | -$2.14B | -$2.57B |
| Cash From Financing | -$886.7M | -$220.8M | $639.2M | $425.7M | $876.7M | $1.27B |
| Free Cash Flow | $549.4M | $147.8M | $52.3M | -$225.7M | -$594.9M | -$931.6M |
Figures from Iron Mountain's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Iron Mountain financials page for every line item.
Iron Mountain Company Profile
| Ticker | IRM |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Portsmouth, New Hampshire |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001020569 |
Frequently Asked Questions
What was Iron Mountain's revenue in fiscal 2025?
Iron Mountain (IRM) reported revenue of $6.90B for fiscal 2025.
What is Iron Mountain's annual revenue history?
Iron Mountain's annual revenue by fiscal year: 2020: $4.15B; 2021: $4.49B; 2022: $5.10B; 2023: $5.48B; 2024: $6.15B; 2025: $6.90B.
What was Iron Mountain's net income in fiscal 2025?
Iron Mountain reported net income of $144.6M for fiscal 2025.
What was Iron Mountain's earnings per share (EPS) in fiscal 2025?
Iron Mountain's diluted EPS was $0.49 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Iron Mountain generate in fiscal 2025?
Iron Mountain generated -$931.6M of free cash flow in fiscal 2025.
What was Iron Mountain's revenue last quarter?
In its most recent reported quarter (2026 Q2), Iron Mountain reported revenue of $2.03B.
How much debt does Iron Mountain have?
Iron Mountain reported $16.43B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Iron Mountain are outstanding?
Iron Mountain reported a weighted average of 297.7 million basic shares outstanding in 2026 Q2.
What is Iron Mountain's market cap?
Based on its latest closing price, Iron Mountain (IRM) has a market capitalization of about $34.36B.
When does Iron Mountain's fiscal year end?
Iron Mountain's fiscal year end, as registered with the SEC, is December 31.
Where is Iron Mountain headquartered?
Iron Mountain lists its business address in Portsmouth, New Hampshire in its SEC filings.