NYSE$IRM

Iron Mountain Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

IRM reported Q4 2025, revenue of $1.80B, net income of $93M.

For Q4 2025, IRM reported revenue of $1.80B, net income of $93M, adjusted diluted EPS was $0.61. Management discusses segment performance, capital allocation, and outlook in the earnings release.

  • Revenue $1.80B.
  • Net income $93M.
  • Adjusted diluted EPS $0.61.

Headline financials

Total Revenue

$1.84B

Previous: $1.58B+16.6%
EPS (adj)

$0.61

Previous: $0.50+22.0%
Adjusted EBITDA

$705M

Previous: $605M+16.6%
Adjusted EBITDA Margin

38.3%

Previous: 38.3%+0.0%
AFFO

$430M

Previous: $368M+16.8%
AFFO Per Share

$1.44

Previous: $1.24+16.1%
FFO (Nareit)

$210M

Previous: $199M+5.5%
FFO (Normalized)

$301M

Previous: $252M+19.1%
FFO (Nareit) Per Share

$0.70

Previous: $0.67+4.5%
FFO (Normalized) Per Share

$1.01

Previous: $0.85+18.8%
Net Income

$93.1M

Previous: $104M-10.4%
Operating Income

$341M

Previous: $282M+20.7%
Gross Profit

$1.02B

No prior period
Cash & Equivalents

$159M

No prior period
Total Assets

$21.1B

No prior period

Revenue & EPS history

Iron Mountain · Revenue · Quarterly

$1.84B

Q4 2025+16.6%vs Q4 2024
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Iron Mountain · $1.39B total across 2 segments · Q3 2023

  • Storage Rental
    $859M+13.0%
  • Service
    $530M+0.5%

Forward guidance

The release discusses IRM's outlook for upcoming periods, including capital allocation, operating priorities, and market risks.

Tailwinds

  • IRM cites operational execution and demand trends supporting the outlook.
  • Balance sheet and capital actions aim to fund growth and shareholder returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.8%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+3.6%

Avg return

30 days after

54%

38 / 70 earnings

Positive

+15.2%

Q4 2021

Best reaction

-9.5%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+14.2%+15.0%+12.0%
Q4 2025+5.8%+8.6%+6.6%
Q3 2025-2.8%-1.0%-18.4%
Q2 2025-5.8%-6.3%-3.5%
Q1 2025+2.4%+8.1%+10.1%
Q4 2024-7.3%-8.3%-15.7%
Q3 2024-7.0%-6.6%-4.4%
Q2 2024+4.0%+3.8%+10.4%
Q1 2024-3.6%-0.6%+3.3%
Q4 2023+9.5%+8.0%+15.9%
Q3 2023+3.5%-0.8%+9.8%
Q2 2023-1.2%-1.4%+3.2%
Q1 2023+2.2%+1.1%+0.1%
Q4 2022+3.3%+4.2%-0.4%
Q3 2022+0.5%+2.7%+12.0%
Q2 2022+8.1%+10.2%+7.8%
Q1 2022-1.3%-3.4%+1.0%
Q4 2021+15.2%+17.6%+26.3%
Q3 2021-1.2%-1.3%-2.4%
Q2 2021+3.8%+6.1%+14.0%
Q1 2021+6.6%+8.3%+17.9%
Q4 2020+7.8%+8.2%+16.1%
Q3 2020+0.7%+2.0%+9.5%
Q2 2020+1.6%+2.0%+4.1%
Q1 2020+12.1%+5.4%+35.5%
Q4 2019+4.2%+7.1%-8.8%
Q3 2019+0.1%-0.3%-4.1%
Q2 2019+6.9%+4.8%+8.3%
Q1 2019-9.5%-9.4%-12.6%
Q4 2018-2.0%-1.3%-2.5%
Q3 2018-5.5%-2.0%+0.5%
Q2 2018-1.5%-0.4%+1.3%
Q1 2018+2.1%+1.0%-2.3%
Q4 2017-4.7%-6.7%-3.6%
Q3 2017-0.6%-0.1%+2.7%
Q2 2017+4.8%+6.2%+10.7%
Q1 2017-3.7%-2.1%-2.6%
Q4 2016-0.6%-2.1%-6.5%
Q3 2016-4.8%-3.8%-3.6%
Q2 2016-6.1%-8.6%-3.6%
Q1 2016+1.4%
Q4 2015+1.5%
Q3 2015+5.0%
Q2 2015-2.0%
Q1 2015-2.3%
Q4 2014-6.5%
Q3 2014+1.2%
Q2 2014+0.1%
Q1 2014-1.2%
Q4 2013-3.4%
Q3 2013-1.1%
Q2 2013+1.6%
Q1 2013+1.2%
Q4 2012-1.0%
Q3 2012+3.6%
Q2 2012+4.7%
Q1 2012+1.7%
Q4 2011-1.7%
Q3 2011-3.0%
Q2 2011-3.9%
Q1 2011+0.9%
Q4 2008-2.1%
Q4 2010-2.1%
Q3 2010+0.2%
Q3 2009+0.2%
Q2 2010-1.6%
Q2 2009-1.6%
Q4 2009+4.8%
Q1 2009+4.8%
Q1 2010+4.8%

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