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Iron Mountain

IRM Q4 2025 Earnings

Reported Feb 12, 2026 at 6:50 AM ET · SEC Source

Q4 25 EPS

$0.61

BEAT +3.81%

Est. $0.59

Q4 25 Revenue

$1.84B

BEAT +2.21%

Est. $1.80B

vs S&P Since Q4 25

+15.9%

BEATING MARKET

IRM +23.6% vs S&P +7.6%

Full Year 2025 Results

FY 25 EPS

$2.12

FY 25 Revenue

$6.90B

Market Reaction

Did IRM Beat Earnings? Q4 2025 Results

Iron Mountain capped Q4 2025 with a clean beat on both top and bottom lines, reporting adjusted EPS of $0.61 against a consensus of $0.59, a 3.81% beat, while revenue of $1.84 billion topped estimates by 2.21% and grew 16.6% year over year. The prima… Read more Iron Mountain capped Q4 2025 with a clean beat on both top and bottom lines, reporting adjusted EPS of $0.61 against a consensus of $0.59, a 3.81% beat, while revenue of $1.84 billion topped estimates by 2.21% and grew 16.6% year over year. The primary engine behind the quarter's strength was the company's fast-expanding data center business, where the Global Data Center segment posted $236.70 million in revenue, up 39.1%, with 43 MW of new leasing signed and the broader portfolio reaching 96.9% occupancy across 488 MW. Growth businesses collectively, including data centers, digital solutions, and asset lifecycle management, grew more than 40% year over year and now represent 28% of total revenue. Iron Mountain's stock recently touched a 52-week high, reflecting investor confidence in the company's transformation. Looking ahead, management guided for 2026 revenue of $7.63 billion to $7.78 billion and expects more than 400 MW of data center capacity to energize over the next 24 months, with data center revenue growth projected above 25% for the year.

Key Takeaways

  • • Growth businesses (data center, digital solutions, ALM) collectively grew more than 40% Y/Y in Q4
  • • Organic revenue growth of 14% in Q4 and 10% for full year
  • • Data center organic revenue growth of 37% Y/Y with 43 MW of new leasing in Q4
  • • ALM organic revenue growth of 56% Y/Y driven by higher component remarketing revenue
  • • Record Digital Solutions revenue in Q4
  • • Continued strong revenue management in Global RIM
  • • Record level of storage volume exceeding 735 million cubic feet
  • • Strong data center renewal pricing: +9% cash and +12% GAAP mark-to-market
  • • 37 consecutive years of organic revenue growth in records management
24/7 Wall St

IRM YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

IRM Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“We are pleased to report another record performance in the fourth quarter above our expectations, concluding our fifth consecutive year of all-time highs for Revenue, Adjusted EBITDA, and AFFO. Our team's steadfast commitment to delivering innovative solutions for our customers as part of our growth strategy continues to drive exceptional performance across each of our business segments.”

— William L. Meaney, Q4 2025 Earnings Press Release

Back to IRM Stock Page