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Iron Mountain IRM Contract costs

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Other financials

Income statement

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Revenue$2.0B+18.5%
Gross profit$1.1B+11.8%
Operating income$373.5M+43.7%
Net income$106.1M+345%
EPS (diluted)$0.34+327%

Balance sheet

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Cash & equivalents$204.8M-6.1%
Total debt$20.4B+10.3%
Total equity-$1.3B-66.9%
Total assets$22.0B+8.8%

Cash flow

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Operating cash flow$549.3M+46.4%
CapEx$588.2M+5.6%
Free cash flow-$38.9M+78.6%

Valuation

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Market cap$37.82B+42.4%
Enterprise value$58.06B+29.4%
P/E87.1×-504×
P/S+0.9×

Profitability

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Gross margin54.2%-1.8pp
Operating margin18.8%+2.5pp
Net margin5.7%+5.0pp
FCF margin-6.5%-2.4pp

Returns & leverage

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Return on equity70.5%-19.4pp
Debt / equity855.6×+830×
Current ratio0.7×+0.1×

Where this comes from

Reported directly by Iron Mountain in its filing.

Tagged under the XBRL concept irm:IncreaseDecreaseInContractWithCustomerLiabilitiesNet.

The source filing: Iron Mountain’s 10-Q, filed August 5, 2026. Open the filing →

Filed
Aug 5, 2026, 4:13 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001020569-26-000071

FAQ

What is Iron Mountain's contract costs?
Iron Mountain (IRM) reported contract costs of -$16.76M in Q2 2026.
How has Iron Mountain's contract costs changed year-over-year?
Iron Mountain's contract costs decreased by 66.2% year-over-year, from -$10.08M to -$16.76M.
What is the long-term trend for Iron Mountain's contract costs?
Over 3 years (2021 to 2024), Iron Mountain's contract costs has grown at a 24.4% compound annual growth rate (CAGR), from -$58.52M to -$112.54M.
What does contract costs mean?
Cash outflows or inflows related to the costs incurred to fulfill contracts with customers that are capitalized rather than expensed immediately. This reflects the investment in long-term service agreements and the timing of revenue recognition. It is a key metric for understanding the cash impact of customer acquisition and retention strategies.

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