What is Iron Mountain's contract liabilities?

Iron Mountain (IRM) reported contract liabilities of $157.01M in Q1 2026.

How has Iron Mountain's contract liabilities changed year-over-year?

Iron Mountain's contract liabilities increased by 32.9% year-over-year, from $118.13M to $157.01M.

What is the long-term trend for Iron Mountain's contract liabilities?

Over 5 years (2020 to 2025), Iron Mountain's contract liabilities has grown at a 36.0% compound annual growth rate (CAGR), from $35.61M to $165.8M.

What does contract liabilities mean?

Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

Iron Mountain IRM Contract Liabilities

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Other financials

Income statement

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Revenue$1.9B+21.6%

Gross profit$1.0B+18.6%

Operating income$395.2M+55.4%

Net income$149.0M+818%

EPS (diluted)$0.48+860%

Balance sheet

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Cash & equivalents$250.7M+61.4%

Total debt$20.2B+13.6%

Total equity-$1.2B-73.9%

Total assets$21.5B+11.0%

Cash flow

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Operating cash flow$338.6M+71.6%

CapEx$518.0M-23.2%

Free cash flow-$179.5M+62.4%

Valuation

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Market cap$37.06B+27.2%

Enterprise value$56.99B+20.1%

P/E130×-519×

P/S5.1×+0.6×

Profitability

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Gross margin55%-1.0pp

Operating margin18%+1.8pp

Net margin3.9%+2.0pp

FCF margin-8.7%-2.2pp

Returns & leverage

See full

Return on equity70.5%-19.4pp

Debt / equity855.6×+830×

Current ratio0.8×+0.2×

Where this comes from

Reported directly by Iron Mountain in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The official record: Iron Mountain’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Iron Mountain's contract liabilities?: Iron Mountain (IRM) reported contract liabilities of $157.01M in Q1 2026.
How has Iron Mountain's contract liabilities changed year-over-year?: Iron Mountain's contract liabilities increased by 32.9% year-over-year, from $118.13M to $157.01M.
What is the long-term trend for Iron Mountain's contract liabilities?: Over 5 years (2020 to 2025), Iron Mountain's contract liabilities has grown at a 36.0% compound annual growth rate (CAGR), from $35.61M to $165.8M.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.