IRM · 10-Q · 2026Q2 · Full report
Capital Expenditure Program
IRON MOUNTAIN INC · 2026-08-05 · Importance 64 · Surprise 42 · In source text
Iron Mountain spent $1,106.2 million in cash capital expenditures during the six months ended June 30, 2026, including $880.1 million for data-center growth investment. Total capital spend on an accrual basis was $1,118.1 million, consisting of $1,044.9 million of growth investment and $73.3 million of recurring expenditures. The company expects approximately $2,200.0 million of 2026 capital expenditures, including $2,050.0 million for growth investment and $150.0 million for recurring expenditures, excluding potential future acquisitions. Six-month growth investment declined from $1,070.6 million to $1,044.9 million year over year, primarily because data-center growth spending decreased from $953.0 million to $880.1 million.
Key facts
- Excluding capital expenditures associated with potential future acquisitions, expected total capital expenditures for year ending December 31, 2026: approximately $2,200.0 million; of which growth investment approx $2,050.0 million and recurring approx $150.0 million. source
- Growth investment capital expenditures for Data Center for the six months ended June 30, 2026: $880,086 thousand. source
- Total Growth Investment Capital Expenditures for the six months ended June 30, 2026: $1,044,854 thousand. source
- Net cash paid for capital expenditures during the six months ended June 30, 2026: $1,106,206 thousand. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -8.5% | Excluding capital expenditures associated with potential future acquisitions, expected total capital expenditures for year ending December… |
| assets | positive | committed | +8.5% | Excluding capital expenditures associated with potential future acquisitions, expected total capital expenditures for year ending December… |
| cash | negative | realized | -5.0% | Net cash paid for capital expenditures during the six months ended June 30, 2026: $1,106,206 thousand. |
| cash | negative | realized | — | Total Growth Investment Capital Expenditures for the six months ended June 30, 2026: $1,044,854 thousand. |
| assets | positive | realized | — | Total Growth Investment Capital Expenditures for the six months ended June 30, 2026: $1,044,854 thousand. |