Iron MountainIRMEarnings & Financial Report
Iron Mountain Inc. is an American enterprise information management services company founded in 1951 and headquartered in Portsmouth, New Hampshire. Its records management, information destruction, and data backup and recovery services are supplied to more than 220,000 customers in 58 countries throughout North America, Europe, Latin America, Africa, Asia, and Oceania.
Revenue
$1.6B
Gross Profit
N/A
Operating Profit
$254.3M
Net Profit
$16.2M
Gross Margin
N/A
Operating Margin
16.0%
Net Margin
1.0%
YoY Growth
7.8%
EPS
$0.05
Iron Mountain Q1 FY2025 Financial Summary
Iron Mountain reported revenue of $1.6B (up 7.8% YoY) for Q1 FY2025, with a net profit of $16.2M (down 78.9% YoY) (1.0% margin).
Key Financial Metrics
| Total Revenue | $1.6B |
|---|---|
| Net Profit | $16.2M |
| Gross Margin | N/A |
| Operating Margin | 16.0% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Iron Mountain Q1 FY2025 revenue of $1.6B breaks down across 5 segments, led by Records Management at $991.8M (62.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Records Management | $991.8M | 62.3% |
| Global Data Center Business | $173.2M | 10.9% |
| Other | $163.4M | 10.3% |
| Information Destruction | $142.0M | 8.9% |
| Data Management | $122.1M | 7.7% |
Iron Mountain Annual Revenue by Year
Iron Mountain annual revenue history includes year-by-year totals (for example, 2025 revenue was $6.9B).
| Year | Annual Revenue |
|---|---|
| 2025 | $6.9B |
| 2024 | $6.1B |
| 2023 | $5.5B |
| 2022 | $5.1B |
Iron Mountain Quarterly Revenue & Net Profit History
Iron Mountain results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $1.8B | +16.6% | $93.1M | 5.1% |
| Q3 FY2025 | $1.8B | +12.6% | $86.2M | 4.9% |
| Q2 FY2025 | $1.7B | +11.6% | $-43.3M | -2.5% |
| Q1 FY2025 | $1.6B | +7.8% | $16.2M | 1.0% |
| Q4 FY2024 | $1.6B | +11.4% | $105.7M | 6.7% |
| Q3 FY2024 | $1.6B | +12.2% | $-33.7M | -2.2% |
| Q2 FY2024 | $1.5B | +13.0% | $34.6M | 2.3% |
| Q1 FY2024 | $1.5B | +12.4% | $77.0M | 5.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.48B | $1.53B | $1.56B | $1.58B | $1.59B | $1.71B | $1.75B | $1.84B |
| YoY Growth | 12.4% | 13.0% | 12.2% | 11.4% | 7.8% | 11.6% | 12.6% | 16.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $17.83B | $17.97B | $18.47B | $18.72B | $19.36B | $20.18B | $20.63B | $21.13B |
| Liabilities | $17.81B | $18.10B | $18.73B | $19.22B | $20.06B | $20.94B | $21.51B | $22.11B |
| Equity | $18.5M | $-132.9M | $-259.0M | $-503.1M | $-698.5M | $-767.4M | $-882.0M | $-981.0M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $130.0M | $382.2M | $252.9M | $431.6M | $197.3M | $375.1M | $267.6M | $500.0M |