0001020569-26-000013
SEC filingIron Mountain Incorporated (IRM) reported FY 2025 total revenues of $6.90B, with operating income of $1.16B and net income attributable to common stockholders of $144.6M. Operating expenses totaled $5.74B, driven by cost of sales excluding depreciation and amortization at $3.08B, SG&A at $1.39B, and depreciation and amortization at $1.02B. Key one-time items included restructuring costs of $195.9M and acquisition costs of $19.5M, partially offset by a $24.6M gain on disposal of property and equipment. Interest expense net was $829.3M, and other expense net was $123.3M, leading to pre-tax income of $211.2M after a $58.9M tax provision. Cash from operations reached $1.34B, supporting $2.27B in capital expenditures amid $2.57B investing outflows. Financing activities generated $1.27B, including $1.39B from senior notes and net debt proceeds of $1.01B, alongside $919.4M in parent dividends. Balance sheet shows $21.13B total assets, $18.84B total liabilities, and -$709.3M total equity, with stockholders' deficit of -$981.0M and $16.44B total debt. Cash ended at $158.5M current, $141.8M reported. Strong operating cash flow funds growth investments despite high leverage.
Iron Mountain Incorporated delivered FY 2025 total revenues of $6.90B, generating operating income of $1.16B after total operating expenses of $5.74B. Net income before taxes was $211.2M, with a $58.9M tax provision yielding net income of $152.3M. After $7.7M noncontrolling interest allocation, net income attributable to Iron Mountain was $144.6M. Basic and diluted EPS were reported as $0, with weighted average shares basic at 295.4M and diluted at 297.8M. The company maintained strong operational performance despite elevated restructuring costs of $195.9M and acquisition/integration expenses of $19.5M. Balance sheet reflects total assets of $21.13B against $21.84B liabilities and equity, resulting in stockholders' deficit equity of -$981.0M. No prior year figures are provided in the XBRL data for direct YoY comparison.
Total revenues for FY 2025 were $6.90B. No segment breakdown by product/service is disclosed in the XBRL data, with storage rental and service revenues marked as N/A. The filing does not provide geographic revenue mix or specific growth drivers in the available content. Revenue recognition adjustments included $6.2M amortization of customer inducements and data center leases, noted in cash flow reconciliation.
Operating margin was approximately 16.8%, calculated as $1.16B operating income divided by $6.90B revenues. Cost of sales excluding depreciation/amortization comprised $3.08B (44.6% of revenue), SG&A $1.39B (20.1%), and depreciation/amortization $1.02B (14.8%). Non-recurring items included $195.9M restructuring and $19.5M acquisition costs, offset by -$24.6M gain on asset disposals. Interest expense net of $829.3M significantly impacted profitability, alongside -$123.3M other expense net. No prior period margins available for trend analysis.
Operating cash flow was robust at $1.34B, adjusted from $152.3M net income by $730.9M depreciation, $326.3M amortization, $140.3M stock compensation, and working capital changes of +$262.7M assets decrease and +$202.1M liabilities increase. Investing activities used $2.57B, primarily $2.27B capital expenditures, $101.6M acquisitions, offset by -$95.9M contract costs. Financing provided $1.27B via $17.01B debt proceeds, $1.39B senior notes, against $16.00B repayments and $919.4M dividends. Total debt $16.44B, current assets $1.93B including $158.5M cash, current liabilities $2.62B. Property/equipment net $9.55B, goodwill $5.29B. Cash increased $2.8M to $141.8M end-of-year.
No management guidance, strategic priorities, or specific risk factors are disclosed in the provided XBRL financial data or document content.