financial statements

The full income statement, balance sheet, and cash-flow statement for Iron Mountain Incorporated (Delaware)Common Stock REIT (IRM), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	6.90B YoY+12.2%	6.15B YoY+12.2%	5.48B YoY+7.4%	5.10B YoY+13.6%	4.49B YoY+8.3%
Selling, general & administrative	1.39B YoY+4.1%	1.34B YoY+8.4%	1.24B YoY+8.4%	1.14B YoY+11.5%	1.02B YoY+7.7%
Restructuring	—	—	—	—	206M YoY+6.2%
Amortization of intangibles	—	—	250M YoY+0.7%	249M YoY+15.4%	215M YoY+5.3%
Operating income	1.16B YoY+15.3%	1.01B YoY+9.5%	922M YoY-12.2%	1.05B YoY+22.9%	854M YoY-8.6%
Interest expense	829M YoY+14.9%	722M YoY+23.1%	586M YoY+20.1%	488M	—
Interest & investment income	17.1M YoY+16.7%	14.7M YoY+17.6%	12.5M YoY+50.7%	8.28M YoY+12.7%	7.34M YoY-11.7%
Net interest income	—	—	-586M YoY-20.1%	-488M YoY-16.8%	-418M YoY+0.1%
Other non-operating income	-123M YoY-184.0%	-43.4M YoY+60.0%	-109M YoY-255.7%	69.8M YoY-63.8%	193M YoY+234.3%
Pre-tax income	211M YoY-13.6%	245M YoY+7.6%	227M YoY-64.0%	632M YoY+0.4%	629M YoY+68.8%
Income tax	58.9M YoY-3.2%	60.9M YoY+52.4%	39.9M YoY-42.5%	69.5M YoY-60.6%	176M YoY+495.4%
	152M YoY-17.1%	184M YoY-1.9%	187M YoY-66.7%	562M YoY+24.2%	453M YoY+32.0%
Discontinued operations	—	—	—	—	0.00
Net income to non-controlling interest	7.66M YoY+118.3%	3.51M YoY+15.9%	3.03M YoY-41.4%	5.17M YoY+106.2%	2.51M YoY+521.8%
Net income to common	145M YoY-19.7%	180M YoY-2.2%	184M YoY-66.9%	557M YoY+23.7%	450M YoY+31.4%
	$0.49 YoY-19.7%	$0.61 YoY-3.2%	$0.63 YoY-66.8%	$1.90 YoY+22.6%	$1.55 YoY+30.3%
EPS (basic)	$0.49 YoY-19.7%	$0.61 YoY-3.2%	$0.63 YoY-67.2%	$1.92 YoY+23.1%	$1.56 YoY+31.1%
Weighted-avg shares (basic)	295M YoY+0.7%	293M YoY+0.5%	292M YoY+0.4%	291M YoY+0.5%	289M YoY+0.4%
Weighted-avg shares (diluted)	298M YoY+0.5%	296M YoY+0.8%	294M YoY+0.5%	292M YoY+0.5%	291M YoY+0.8%
Dividends per share	$3.22 YoY+17.9%	$2.73 YoY+7.5%	$2.54 YoY+2.8%	$2.47 YoY+0.0%	$2.47 YoY+0.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.93B YoY+14.4%	1.69B YoY-2.6%	1.74B YoY+12.2%	1.55B YoY+7.3%	1.44B YoY+13.5%
Cash & equivalents	159M YoY+1.8%	156M YoY-30.1%	223M YoY+57.1%	142M YoY-44.6%	256M YoY+24.8%
Accounts receivable	1.44B YoY+11.8%	1.29B YoY+2.5%	1.26B YoY+7.2%	1.17B YoY+22.2%	961M YoY+11.9%
Inventory	11.7M YoY+0.0%	11.7M YoY+0.0%	11.7M YoY+0.0%	11.7M	0.00
Prepaid expenses	333M YoY+36.3%	244M YoY-3.5%	253M YoY+9.8%	230M YoY+2.9%	224M YoY+9.1%
Other current assets	223M YoY+0.0%	223M YoY+0.0%	223M YoY+0.0%	223M YoY+0.0%	223M YoY+0.0%
	21.1B YoY+12.9%	18.7B YoY+7.1%	17.5B YoY+8.3%	16.1B YoY+11.7%	14.5B YoY+2.1%
Property, plant & equipment	4.52B YoY+0.0%	4.52B YoY+0.0%	4.52B YoY+0.0%	4.52B YoY+0.0%	4.52B YoY+0.0%
Operating lease right-of-use	2.47B YoY-1.0%	2.49B YoY-7.6%	2.70B YoY+4.3%	2.58B YoY+11.6%	2.31B YoY+5.4%
Goodwill	5.29B YoY+4.0%	5.08B YoY+1.3%	5.02B YoY+2.8%	4.88B YoY+9.4%	4.46B YoY-2.1%
Intangible assets	1.27B YoY-0.4%	1.27B YoY-0.4%	1.28B YoY-10.1%	1.42B YoY+20.5%	1.18B YoY-11.0%
Deferred tax assets	11.7M YoY+0.0%	11.7M YoY+0.0%	11.7M YoY+0.0%	11.7M YoY+0.0%	11.7M YoY+0.0%
Other non-current assets	623M YoY+14.2%	546M YoY+27.0%	430M YoY-27.0%	588M YoY+54.2%	382M YoY+28.9%
	2.62B YoY-15.2%	3.09B YoY+38.1%	2.24B YoY+16.6%	1.92B YoY-5.0%	2.02B YoY+1.1%
Accounts payable	711M YoY+4.7%	679M YoY+25.8%	540M YoY+15.0%	469M YoY+27.1%	369M YoY+2.6%
Accrued liabilities	1.29B YoY-5.6%	1.37B YoY+9.3%	1.25B YoY+21.2%	1.03B YoY-0.1%	1.03B YoY-9.9%
Deferred revenue	402M YoY+23.0%	327M YoY+0.4%	326M YoY-1.0%	329M YoY+7.0%	307M YoY+4.0%
Short-term & current debt	216M YoY-69.8%	715M YoY+492.6%	121M YoY+37.8%	87.5M YoY-71.7%	309M YoY+59.7%
Current lease liability	319M YoY+1.2%	315M YoY+8.1%	292M YoY+1.1%	289M YoY+11.2%	260M YoY+3.7%
Other current liabilities	1.56B YoY+0.0%	1.56B YoY+0.0%	1.56B YoY+0.0%	1.56B YoY+0.0%	1.56B YoY+0.0%
Long-term debt	16.2B YoY+24.7%	13.0B YoY+10.1%	11.8B YoY+12.7%	10.5B YoY+16.9%	8.96B YoY+5.3%
Deferred revenue (non-current)	166M YoY+49.9%	111M YoY+9.8%	101M YoY+205.7%	33.0M YoY-2.2%	33.7M YoY-5.4%
Non-current lease liability	2.30B YoY-1.5%	2.33B YoY-8.9%	2.56B YoY+5.5%	2.43B YoY+11.9%	2.17B YoY+6.2%
Deferred tax liabilities	184M YoY-10.4%	205M YoY-12.8%	235M YoY-10.5%	263M YoY+17.4%	224M YoY+12.9%
Other non-current liabilities	450M YoY+44.2%	312M YoY+31.4%	238M YoY-25.1%	317M YoY+120.3%	144M YoY-29.6%
	-981M YoY-95.0%	-503M YoY-337.7%	212M YoY-66.8%	637M YoY-25.6%	856M YoY-24.7%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	2.96M YoY+0.7%	2.94M YoY+0.5%	2.92M YoY+0.4%	2.91M YoY+0.3%	2.90M YoY+0.5%
Additional paid-in capital	4.79B YoY+3.1%	4.65B YoY+2.5%	4.53B YoY+1.5%	4.47B YoY+1.3%	4.41B YoY+1.7%
Retained earnings	276M YoY+0.0%	276M YoY+0.0%	276M YoY+0.0%	276M YoY+0.0%	276M YoY+0.0%
Accumulated other comprehensive income	-369M YoY+35.3%	-570M YoY-53.6%	-371M YoY+16.0%	-442M YoY-30.6%	-338M YoY-32.2%
Non-controlling interest	272M YoY+36.9%	198M YoY+158658.4%	125K YoY+0.0%	125K YoY-88.8%	1.12M
Total equity incl. non-controlling	-709M YoY-132.8%	-305M YoY-243.9%	212M YoY-66.7%	637M YoY-25.7%	857M YoY-24.6%
Total liabilities & equity	21.1B YoY+12.9%	18.7B YoY+7.1%	17.5B YoY+8.3%	16.1B YoY+11.7%	14.5B YoY+2.1%
Common shares issued	296M YoY+0.7%	294M YoY+0.5%	292M YoY+0.5%	291M YoY+0.4%	290M YoY+0.5%
Common shares outstanding	296M YoY+0.7%	294M YoY+0.5%	292M YoY+0.5%	291M YoY+0.4%	290M YoY+0.5%
Shares outstanding (cover)	296M YoY+0.7%	293M YoY+0.5%	292M YoY+0.4%	291M YoY+0.4%	290M YoY+0.5%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.34B YoY+12.0%	1.20B YoY+7.5%	1.11B YoY+20.0%	928M YoY+22.2%	759M YoY-23.2%
Depreciation & amortization	1.02B YoY+13.7%	901M YoY+16.1%	776M YoY+6.7%	728M YoY+6.9%	680M YoY+4.3%
Share-based compensation	140M YoY+18.7%	118M YoY+60.1%	73.8M YoY+29.8%	56.9M YoY-6.8%	61.0M YoY+61.9%
Deferred income taxes	-47.7M YoY-15.1%	-41.4M YoY-17.4%	-35.3M YoY+36.9%	-55.9M YoY-294.8%	28.7M YoY+321.0%
	-2.57B YoY-20.5%	-2.14B YoY-47.9%	-1.44B YoY+13.0%	-1.66B YoY-250.8%	-473M YoY-454.0%
Capital expenditure	2.27B YoY+26.8%	1.79B YoY+33.8%	1.34B YoY+53.0%	875M YoY+43.3%	611M YoY+39.4%
Acquisitions	102M YoY-43.0%	178M YoY+326.3%	41.8M YoY-94.8%	804M YoY+294.0%	204M YoY+72.0%
	1.27B YoY+44.6%	877M YoY+106.0%	426M YoY-33.4%	639M YoY+389.5%	-221M YoY+75.1%
Dividends paid	919M YoY+16.4%	790M YoY+7.0%	738M YoY+1.8%	724M YoY+0.8%	718M YoY+0.3%
Other financing activities	-12.7M YoY+64.4%	-35.7M YoY-9.4%	-32.6M YoY-240.7%	-9.57M YoY-367.2%	3.58M YoY+114.1%
FX effect on cash	-30.9M YoY-720.4%	-3.77M YoY+72.9%	-13.9M YoY+32.3%	-20.5M YoY-46.3%	-14.0M YoY-249.6%
Net change in cash	2.82M YoY+104.2%	-67.1M YoY-182.8%	81.0M YoY+171.0%	-114M YoY-324.6%	50.8M YoY+341.1%
Interest paid	825M YoY+7.0%	771M YoY+50.4%	512M YoY+6.2%	483M YoY+12.7%	428M YoY+9.7%
Income taxes paid	122M YoY+34.0%	90.7M YoY+1.3%	89.6M YoY-10.1%	99.6M YoY-23.5%	130M YoY+199.7%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	24.5B YoY-20.5%	30.8B YoY+51.0%	20.4B YoY+41.0%	14.5B YoY-4.4%	15.2B YoY+78.4%
P/E	161.0× YoY-4.1%	167.9× YoY+133.3%	72.0× YoY+147.4%	29.1× YoY-13.1%	33.5× YoY+35.2%
P/S	3.6× YoY-29.2%	5.0× YoY+31.1%	3.8× YoY+88.2%	2.0× YoY-39.7%	3.4× YoY+64.7%
P/B	—	—	77.8× YoY+184.1%	27.4× YoY+54.7%	17.7× YoY+136.9%
P/FCF	—	—	—	216.2× YoY+111.0%	102.5× YoY+562.9%
Earnings yield	0.6% YoY+4.3%	0.6% YoY-57.1%	1.4% YoY-59.6%	3.4% YoY+15.0%	3.0% YoY-26.0%
FCF yield	—	—	—	0.5% YoY-52.6%	1.0% YoY-84.9%
Dividend yield	3.9% YoY+49.5%	2.6% YoY-28.4%	3.6% YoY-26.7%	5.0% YoY+5.0%	4.7% YoY-43.7%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: IRM's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all IRM filings on SEC EDGAR → Not investment advice.

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About this data

financial statements