Iron Mountain's strong financial performance, growth in key business segments, and strategic acquisitions highlight a positive trajectory. However, challenges in data center leasing and limited immediate revenue from a significant contract pose potential headwinds.

Company Guidance -

Q3 2025

During the Iron Mountain Second Quarter 2025 Earnings Conference Call, the company reported record financial performance, achieving a 12% increase in revenue to $1.7 billion, a 15% growth in adjusted EBITDA to $628 million, and a 15% rise in AFFO to $370 million. These results prompted an upward revision in guidance across all key financial metrics. The company highlighted its success in several business areas: the physical storage business saw record revenue, the Data Center segment achieved 26% organic storage growth, and the Asset Life Cycle Management business reported over 40% organic growth. Iron Mountain expects its growth portfolio, which includes Data Center, Digital, and Asset Life Cycle Management, to represent nearly 30% of total revenue exiting 2025, with an anticipated 6% annual revenue growth on a consolidated basis. The company also emphasized its strong customer relationships and operational scale across 61 countries, positioning it to leverage its comprehensive end-to-end solutions effectively.

Record Financial Performance

Iron Mountain achieved record quarterly revenue, adjusted EBITDA, and AFFO, with a 12% increase in revenue to $1.7 billion, and 15% growth in both adjusted EBITDA ($628 million) and AFFO ($370 million).

Strong Growth in Data Center and Asset Life Cycle Management

Data Center business achieved 24% revenue growth and 26% organic storage growth. Asset Life Cycle Management reported 70% revenue growth, including 42% organic growth.

Expansion in Digital Solutions

Digital Solutions achieved record revenue with significant investment in AI-powered digital innovations, including a major global SaaS company selecting the DXP platform for enterprise content management.

Strategic Acquisition in India

Iron Mountain strengthened its position in India by acquiring CRC India, a leading digitization services company, enhancing its growth prospects in the region.

Positive Outlook and Increased Guidance

Based on strong performance, Iron Mountain increased its revenue guidance for 2025, expecting 12% year-on-year growth at the midpoint.

Iron Mountain (IRM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

IRM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.53 / -	0.44	―	―	―
Aug 06, 2025	2025 (Q2)	0.50 / 0.48	0.42	14.29% (+0.06)
May 01, 2025	2025 (Q1)	0.40 / 0.43	0.43	0.00% (0.00)
Feb 13, 2025	2024 (Q4)	0.53 / 0.50	0.52	-3.85% (-0.02)
Nov 06, 2024	2024 (Q3)	0.48 / 0.44	0.45	-2.22% (-0.01)
Aug 01, 2024	2024 (Q2)	0.42 / 0.42	0.4	5.00% (+0.02)
May 02, 2024	2024 (Q1)	0.42 / 0.43	0.42	2.38% (+0.01)
Feb 22, 2024	2023 (Q4)	0.45 / 0.52	0.43	20.93% (+0.09)
Nov 02, 2023	2023 (Q3)	0.43 / 0.45	0.48	-6.25% (-0.03)
Aug 03, 2023	2023 (Q2)	0.33 / 0.40	0.46	-13.04% (-0.06)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

IRM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$95.55	$90.04	-5.77%
May 01, 2025	$88.98	$91.14	+2.43%
Feb 13, 2025	$101.01	$93.66	-7.28%
Nov 06, 2024	$122.84	$111.81	-8.98%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.