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Iron Mountain IRM Total costs & expenses

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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:CostsAndExpenses.

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 itemTHREE MONTHS ENDED JUNE 30, 2026THREE MONTHS ENDED JUNE 30, 2025
Acquisition and Integration Costs1,6844,815
Restructuring and other transformation50,340
Loss (gain) on disposal/write-down of property, plant and equipment, net11,507(962)
Total Operating Expenses1,655,5341,452,052
Operating Income (Loss)373,528259,896
Interest Expense, Net (includes Interest Income of $1,425 and $4,442 for the three months endedJune 30, 2026 and 2025, respectively)223,446205,063
Other Expense (Income), Net29,17881,877
Net Income (Loss) Before Provision (Benefit) for Income Taxes120,904(27,044)

ITEM 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Iron Mountain's total costs & expenses?
Iron Mountain (IRM) reported total costs & expenses of $1.66B in Q2 2026.
How has Iron Mountain's total costs & expenses changed year-over-year?
Iron Mountain's total costs & expenses increased by 14.0% year-over-year, from $1.45B to $1.66B.
What is the long-term trend for Iron Mountain's total costs & expenses?
Over 4 years (2021 to 2025), Iron Mountain's total costs & expenses has grown at a 12.1% compound annual growth rate (CAGR), from $3.64B to $5.74B.
What does total costs & expenses mean?
This metric aggregates all operating and non-operating costs incurred by the company to generate revenue, including cost of sales, administrative expenses, depreciation, and restructuring charges. It serves as a comprehensive measure of the firm's total expenditure footprint and operational efficiency. Tracking this figure helps investors evaluate the company's ability to manage its cost structure relative to its top-line growth.

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