IRM · 8-K · 20260805PR000068

Operating Expense Trends

IRON MOUNTAIN INC · 2026-08-05 · Importance 64 · Surprise 48 · No source text

Second-quarter cost of sales increased 27.0% year over year to $958.6 million and 7.7% sequentially from $889.8 million, exceeding the 18.5% revenue growth rate. Selling, general and administrative expense rose 3.0% year over year to $402.3 million and 7.9% sequentially, while depreciation and amortization increased 11.4% to $281.4 million. Year-to-date cost of sales increased 26.2% to $1.848 billion, and year-to-date depreciation and amortization rose 13.3% to $549.2 million. Acquisition and integration costs fell 65.0% year over year in Q2 to $1.7 million, while year-to-date costs declined 56.7% to $4.6 million.

Key facts

• Cost of sales (excluding D&A) for Q2 2026: $958,609 thousand, up 27.0% vs Q2 2025 source
• Depreciation and amortization expense for Q2 2026: $281,395 thousand, up 11.4% vs Q2 2025 source
• Loss (gain) on disposal/write-down of PP&E, net in Q2 2026: $11,507 thousand (loss), compared with $(962) thousand gain in Q2 2025 source
• Selling, General and Administrative expense for Q2 2026: $402,339 thousand, up 3.0% vs Q2 2025 source
• Interest expense, net for Q2 2026: $223,446 thousand, up 9.0% vs Q2 2025 source

Impact estimates