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Iron Mountain IRM Operating Lease Liabilities

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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$36.31B+36.7%
Enterprise value$56.54B+26.0%
P/E83.6×-508×
P/S4.8×+0.7×

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:OperatingLeaseLiabilityNoncurrent.

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
Line itemJUNE 30, 2026DECEMBER 31, 2025
Deferred revenue397,974402,091
Total Current Liabilities2,897,5262,619,496
Long-term Debt, net of current portion17,128,84016,215,885
Long-term Operating Lease Liabilities, net of current portion2,265,2942,300,448
Other Long-term Liabilities373,987450,083
Deferred Income Taxes181,564184,015
Commitments and Contingencies
Redeemable Noncontrolling Interests63,23664,423

ITEM 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Iron Mountain's operating lease liabilities?
Iron Mountain (IRM) reported operating lease liabilities of $2.27B in Q2 2026.
How has Iron Mountain's operating lease liabilities changed year-over-year?
Iron Mountain's operating lease liabilities increased by 0.5% year-over-year, from $2.25B to $2.27B.
What is the long-term trend for Iron Mountain's operating lease liabilities?
Over 5 years (2020 to 2025), Iron Mountain's operating lease liabilities has grown at a 2.4% compound annual growth rate (CAGR), from $2.04B to $2.3B.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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