IRM · 10-Q · 2026Q3 · Full report
Capital Expenditures
IRON MOUNTAIN INC · 2026-11-05 · Importance 64 · Surprise 42 · No source text
For the nine months ended September 30, 2026, cash-basis capital spend was $1,724.2 million, including $1,589.6 million of growth investment and $118.3 million of recurring capital expenditures. Data center growth investment capital expenditures were $1,344.1 million, while real estate growth investment was $139.1 million and innovation and other growth investment was $106.4 million. Excluding capital expenditures associated with potential future acquisitions, the company expects approximately $2,200.0 million of capital expenditures for the year ending December 31, 2026, comprising approximately $2,050.0 million for growth investment and $150.0 million for recurring expenditures.
Key facts
- Iron Mountain expected approximately $2,200.0 million of capital expenditures for 2026, excluding potential future acquisitions, comprising approximately $2,050.0 million for growth investment and $150.0 million recurring. source
- Iron Mountain spent $1,724.2 million in cash on capital expenditures during the first nine months of 2026. source
- Nine-month 2026 growth investment capital expenditures were $1,589.574 million, including $1,344.097 million for data centers, $139.079 million for real estate, and $106.398 million for innovation and other. source
- Nine-month 2026 recurring capital expenditures were $118.294 million, including $13.439 million for data centers, $39.310 million for real estate, and $65.545 million for non-real estate. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -7.7% | Iron Mountain spent $1,724.2 million in cash on capital expenditures during the first nine months of 2026. |
| cash | negative | committed | -1.8% | Iron Mountain expected approximately $2,200.0 million of capital expenditures for 2026, excluding potential future acquisitions,… |