IRM · 10-Q · 2026Q3

IRON MOUNTAIN INC

Filed 2026-11-05 · Real Estate · View original filing on EDGAR

Everything IRM's SEC filings said, ranked

Ranked Events

• Datacenter Demand TrendsImportance 70 · Surprise 56
  Global Data Center Business segment revenue increased 39.6% in the first nine months of 2026, with 38.8% organic growth; storage rental revenue grew 39.3%, or 38.4% organically. Growth reflected leases commencing…
• Liquidity and Debt PositionImportance 69 · Surprise 50
  At September 30, 2026, total long-term debt was $18,096.4 million before deferred financing costs, with a carrying amount of $17,972.2 million and $1,232.9 million classified as current. Cash and cash equivalents were…
• Capital ExpendituresImportance 64 · Surprise 42
  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…
• Operating Income and MarginsImportance 64 · Surprise 56
  Operating income increased 33.0% to $410.6 million in the third quarter of 2026 and 43.3% to $1,179.3 million for the first nine months, compared with the prior-year periods. Nine-month Adjusted EBITDA increased 16.8%…
• Net Income and ProfitabilityImportance 63 · Surprise 64
  Net income for the three months ended September 30, 2026 increased 49.4% to $128.9 million, and net income attributable to Iron Mountain Incorporated rose 47.3% to $124.1 million. For the first nine months, net income…
• Operating Cash Flow TrendsImportance 60 · Surprise 56
  Cash provided by operating activities increased $363.6 million to $1,203.6 million for the nine months ended September 30, 2026. The increase primarily reflected a $471.0 million rise in net income excluding non-cash…
• Operating Expense TrendsImportance 59 · Surprise 48
  For the nine months ended September 30, 2026, cost of sales increased 23.0% to $2,775.1 million, and rose from 44.6% to 46.6% of revenue. Product cost of sales and other increased 77.6% to $670.1 million, primarily in…
• Interest Rate and Refinancing ExposureImportance 58 · Surprise 56
  Iron Mountain uses interest rate swaps designated as cash flow hedges to limit exposure to interest-rate changes on part of its floating-rate debt. Swap notional outstanding declined to approximately $770.0 million at…
• Revenue Performance and MixImportance 54 · Surprise 40
  For the three months ended September 30, 2026, revenue rose 13.5% year over year to $1,990.6 million; for the nine months, it rose 17.7% to $5,955.8 million. Nine-month storage rental revenue increased 13.0% to…
• Customer DynamicsImportance 51 · Surprise 64
  Iron Mountain reported organic service revenue growth in its asset lifecycle management (ALM) business from both new and existing customers. Corporate and Other service revenue increased 61.0% for the nine months ended…
• Income Tax Rate ChangesImportance 51 · Surprise 64
  The effective tax rate for the nine months ended September 30, 2026 was 20.4%, down from 44.7% in the prior-year period; for the third quarter it was 30.6%, compared with 16.1%. Nine-month income tax provision was…
• Market Demand TrendsImportance 48 · Surprise 40
  Global RIM Business storage rental revenue grew 6.9% in the nine months ended September 30, 2026, including 5.4% organic growth, driven by revenue management. Segment service revenue rose 12.2%, with 10.2% organic…
• DividendsImportance 43 · Surprise 6
  Iron Mountain paid $790.0 million in common-stock dividends during the nine months ended September 30, 2026. On November 5, 2026, the company declared a dividend of $0.993 per share for stockholders of record on…
• Guidance / OutlookImportance 38 · Surprise 24
  Management expects organic storage rental revenue growth to be driven by revenue management in Global RIM Business, where volume is expected to remain relatively stable in the near term, and by lease commencements in…
• FX / Currency ImpactImportance 35 · Surprise 48
  Iron Mountain uses cross-currency swaps to hedge exchange-rate variability between the U.S. dollar and the euro, Canadian dollar and Singapore dollar. Total cross-currency swap notional increased to $1,054.559 million…
• Data Center Joint VentureImportance 34 · Surprise 42
  During the quarter ended June 30, 2026, Iron Mountain entered an agreement with a partner to form Iron Mountain Data Centers Virginia 9 JV, LP. The formation resulted in approximately $49.9 million of initial…

Revenue by Product (in thousands)