Iron Mountain Earnings Reports

Iron Mountain achieved all-time high revenue of $1.75 billion and adjusted EBITDA of $660 million in Q3 2025. Growth was led by data center, digital, and asset lifecycle management businesses, while net income returned to positive territory after a loss in the prior year.

Iron Mountain delivered an outstanding performance in the second quarter of 2025, with record financial results across all key metrics, exceeding expectations. The company achieved record quarterly revenue of $1.7 billion, a 11.6% increase year-over-year, driven by strong growth in data center, digital, and asset lifecycle management businesses, which collectively grew over 30%. Despite a net loss due to foreign exchange impacts, Adjusted EBITDA and AFFO also reached record highs, leading to an increased full-year guidance.

Iron Mountain started 2025 with strong results, achieving record Q1 revenue of $1.6 billion and Adjusted EBITDA of $579.9 million. Growth was driven by double-digit gains in the data center, digital, and ALM segments. Despite significantly lower net income due to foreign exchange impacts, operational performance remained robust.

Iron Mountain achieved record Q4 revenue of $1.58B, growing 11.4% YoY. Adjusted EBITDA rose 15% to $605M, driven by strong performance in storage and services. Net income surged to $106M from $29M in Q4 2023.

Iron Mountain reported a strong third quarter with record revenue, adjusted EBITDA, and AFFO. Total revenue increased by 12.2% to $1.6 billion, driven by growth in both storage rental and service revenue. Adjusted EBITDA rose by 13.6% to $568.1 million, and AFFO increased by 10.2% to $332.0 million.

Iron Mountain reported a strong second quarter with record revenue and adjusted EBITDA. The company saw growth in storage rental and service revenue, and leased 66 megawatts in data centers. They also increased the quarterly dividend by 10% and expect to be towards the upper end of their full year 2024 guidance range.

Iron Mountain reported a strong start to 2024 with record revenue of $1.477 billion and adjusted EBITDA of $518.9 million. The company reiterated its full year 2024 guidance and leased 30 megawatts in the data center segment during the quarter.

Iron Mountain reported total revenues for the fourth quarter were $1.4 billion, an increase of 11.0%. Net income was $29.2 million, while adjusted EBITDA was $525.2 million, an increase of 11.3%.

Iron Mountain reported strong Q3 2023 results, achieving record quarterly revenue and Adjusted EBITDA. Total revenue increased by 7.9% year-over-year to $1.4 billion, driven by growth in storage rental revenue. Adjusted EBITDA rose by 6.5% to $500 million. The company also announced an agreement to acquire Regency Technologies.

Iron Mountain reported a net income of $1.1 million and a total revenue of $1.358 billion for Q2 2023. The company's adjusted EBITDA was $475.7 million, and AFFO was $277.0 million. The board declared a quarterly cash dividend of $0.65 per share for the third quarter, representing an increase of 5%.

Iron Mountain reported a strong first quarter with record revenue and adjusted EBITDA growth. The success of Project Matterhorn exceeded expectations, and the company is on track to continue providing innovative solutions.

Iron Mountain reported strong Q4 2022 results, with a 10.3% increase in total reported revenues and a 9.6% increase in Adjusted EBITDA. The company issued strong 2023 guidance for revenue, Adjusted EBITDA, and AFFO.

Iron Mountain Incorporated reported strong financial results for the third quarter of 2022, including record Adjusted EBITDA and AFFO. Total revenue increased by 13.9% to $1.29 billion, driven by a 32.8% increase in Service revenue and a 9.8% increase in Storage rental revenue. Net income was $192.9 million, compared to $68.1 million in the third quarter of 2021.

Iron Mountain reported outstanding performance in Q2 2022, achieving record revenue, adjusted EBITDA, and AFFO. Total revenue increased by 15.2% to $1.29 billion, driven by a 37.6% increase in service revenue and a 7.8% increase in storage rental revenue. Net income was $201.9 million, and adjusted EBITDA increased by 12.1% to $454.7 million.

Iron Mountain reported record financial and operating results for Q1 2022, with total revenues of $1.25 billion, a 15.3% increase compared to Q1 2021. Adjusted EBITDA was $431 million, a 13.3% increase. The company signed 35 megawatts in data center leasing and raised its full-year projection to 130 megawatts.

Iron Mountain Incorporated announced record financial and operating results for the fourth quarter and full year 2021. Total revenue for the fourth quarter was $1.16 billion, a 9.4% increase compared to the fourth quarter of 2020. Net income for the fourth quarter was $61.5 million, and adjusted EBITDA was $430.7 million, a 15.1% increase compared to the fourth quarter of 2020.

Iron Mountain reported a strong third quarter, driven by broad offerings, deep customer relationships, and a resilient business model. Total revenue increased by 9.0% to $1.13 billion, with service revenue up by 19.7% and storage rental revenue up by 2.2%. Net income increased by 77% to $68.1 million. Adjusted EBITDA increased by 11.1% to $417.8 million, and AFFO increased by 21.7% to $263.5 million.

Iron Mountain reported a strong second quarter with record revenue, net income, and adjusted EBITDA. The company has increased its financial guidance for 2021 and is experiencing high demand for its services across key markets.

Iron Mountain reported a strong start to the year with record quarterly revenue, driven by growth in new areas offsetting declines in service revenue due to COVID-19 lockdowns. Adjusted EBITDA increased by 2% year over year on a constant-currency basis, with margin expansion of 100 basis points.

Iron Mountain reported Q4 2020 results with total revenues of $1.06 billion, a decrease of 1.8% compared to Q4 2019. Income from Continuing Operations was $246.8 million, a significant increase from $37.1 million in Q4 2019. Adjusted EBITDA decreased by 4.8% to $374.2 million. The company issued full-year 2021 guidance, projecting total revenue between $4.325 billion and $4.475 billion and adjusted EBITDA between $1.575 billion and $1.625 billion.

Iron Mountain reported Q3 2020 results with total revenues of $1.04 billion, a decrease of 2.4% compared to Q3 2019. Adjusted EBITDA was $370.0 million, a decrease of 1.5%. The company now expects Project Summit will generate $165 million in Adjusted EBITDA benefits in 2020.

Iron Mountain reported a decrease in total revenues by 7.9% to $982.2 million, with a 21.3% decline in service revenue offset by a 3.7% increase in storage revenue. The company experienced a net loss of $7.1 million, impacted by restructuring charges and debt extinguishment expense, but saw a 19.0% increase in AFFO to $249.5 million. Adjusted EBITDA was $342.9 million, with margin expansion due to Project Summit benefits.

Iron Mountain reported first quarter 2020 results with total revenues of $1.07 billion, compared to $1.05 billion in the first quarter of 2019. Adjusted EBITDA for the first quarter was $363.1 million, compared to $324.5 million in the first quarter of 2019. Reported EPS was $0.22, compared to $0.10 in the first quarter of 2019. Adjusted EPS for the first quarter was $0.27, compared to $0.17 in the first quarter of 2019. AFFO was $231.2 million, representing the highest quarterly level.

Iron Mountain's Q4 2019 results showed a revenue of $1.08 billion, a net income of $37.1 million, and an adjusted EBITDA of $386.5 million. The company also took critical steps in implementing Project Summit.