Citable filing context
IRM's research view summarizes recent SEC filing context, starting with earnings from Aug 5, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 5, 2026 | earnings | Iron Mountain reported Q2 2026 revenue of $2.0 billion, an 18.5% increase year-over-year, and raised full-year 2026 guidance. |
| Jun 26, 2026 | debt_offering | Iron Mountain completed a private offering of $1.5 billion in 6.250% senior notes due 2035. |
| May 12, 2026 | management_change | Iron Mountain stockholders elected eleven directors and approved executive compensation at the May 7, 2026 annual meeting. |
| Aug 5, 2026 | Guidance: adjusted_ebitda | 2945.00 to 2975.00 |
| Aug 5, 2026 | Guidance: affo | 1760.00 to 1780.00 |
| Aug 5, 2026 | Guidance: affo_per_share | 5.87 to 5.93 |
| Aug 5, 2026 | mda_quarterly | Iron Mountain’s financial performance for the first half of 2026 reflects strong growth, with total revenues reaching $3.97 billion, a 20% increase over the same period in 2025. This growth was driven by organic storage rental expansion in the Global RIM Business and significant lease commencements in the Global Data Center Business. Adjusted EBITDA rose 18.8% to $1.43 billion, though the margin slightly compressed to 36.2% due to shifts in revenue mix. The company’s strategic focus remains on its Global Data Center Business, which saw a 42.7% revenue increase, and its Asset Lifecycle Management (ALM) business, which contributed to a 75.5% surge in service revenue within the "Corporate and Other" segment. Capital expenditures remain high, totaling $1.11 billion for the first half of 2026, primarily directed toward data center growth. Liquidity is supported by $204.8 million in cash and a robust debt structure. In June 2026, Iron Mountain issued $1.5 billion in 6.25% Senior Notes due 2035 to repay revolving credit borrowings. The company maintains compliance with its net total lease-adjusted leverage ratio of 4.8x, well within its 7.0x limit. Management continues to prioritize revenue management and cross-selling digital offerings to offset the long-term decline in traditional physical records storage. |
| Apr 30, 2026 | mda_quarterly | Iron Mountain reported total revenues of $1.94 billion for the first quarter of 2026, a 21.6% increase over the prior year, with Adjusted EBITDA rising 22.1% to $708 million. Storage rental revenue grew 15.4% to $1.09 billion, driven by revenue management in the Global RIM segment and lease commencements and improved pricing in the Global Data Center business. Service revenue increased 30.6% to $841 million, supported by Global Digital Solutions, traditional records management, and growth in the Asset Lifecycle Management (ALM) business, including $16.9 million from recent ALM acquisitions. The Global Data Center segment experienced significant growth, with revenues increasing 47.1% to $255 million. Capital expenditures totaled $518 million on a cash basis, primarily funding data center expansion, with a full-year 2026 projection of $2.2 billion. Long-term debt stands at $16.9 billion, though the company remains in compliance with its leverage and fixed charge coverage ratios. Key risks include the industry shift from physical paper and tape storage to alternative technologies, cybersecurity threats, and the implementation of OECD Pillar Two global tax rules, although the latter is not expected to have a material impact. |
Source: SEC EDGAR filing text and events; period Aug 5, 2026; filed Aug 5, 2026.
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