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Iron Mountain IRM Total Cost of Revenue

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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$39.4B+26.9%
Enterprise value$59.34B+20.2%
P/E138.3×-553×
P/S5.4×+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

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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:CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization.

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 total cost of revenue?
Iron Mountain (IRM) reported total cost of revenue of $889.8M in Q1 2026.
How has Iron Mountain's total cost of revenue changed year-over-year?
Iron Mountain's total cost of revenue increased by 25.3% year-over-year, from $710.2M to $889.8M.
What is the long-term trend for Iron Mountain's total cost of revenue?
Over 4 years (2021 to 2025), Iron Mountain's total cost of revenue has grown at a 13.0% compound annual growth rate (CAGR), from $1.89B to $3.08B.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.