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Iron Mountain IRM Rental Activities — Deferred revenue - Current

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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 us-gaap:ContractWithCustomerLiabilityCurrent.

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

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

(2) Approximately half of this revenue is expected to be recognized over the next month, with the remainder expected to be recognized over the next two to 12 months. The current deferred revenue accounted for under Accounting Standards Codification 842, Leases ("ASC 842") is approximately $75,000 and $41,600 as of June 30, 2026 and December 31, 2025, respectively.

ITEM 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Iron Mountain's rental activities — deferred revenue - current?
Iron Mountain (IRM) reported rental activities — deferred revenue - current of $75M in Q2 2026.
How has Iron Mountain's rental activities — deferred revenue - current changed year-over-year?
Iron Mountain's rental activities — deferred revenue - current increased by 144.3% year-over-year, from $30.7M to $75M.
What does rental activities — deferred revenue - current mean?
This metric represents the portion of payments received from customers for storage and rental services that have not yet been earned and are expected to be recognized as revenue within the next twelve months. It reflects the company's obligation to provide ongoing storage or rental access for which cash has already been collected. This is a key indicator of short-term contract visibility and customer commitment within the rental service portfolio.

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