Every material Form 8-K Iron Mountain has filed with the SEC since December 06, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Iron Mountain Incorporated reported third-quarter 2026 total revenues of $2.0 billion and net income of $129 million, driven by strong growth in its storage rental and service segments. Supported by solid operational performance, the company raised its full-year 2026 financial guidance and increased its quarterly dividend by 15% to $0.993 per share.
Q3 2026 total revenues reached $2.0 billion, a 13.5% increase year over year.
Net income for the quarter was $129 million, compared to $86 million in Q3 2025.
Adjusted EBITDA grew 13.3% year over year to $748 million for the third quarter.
The quarterly dividend was increased by 15% to $0.993 per share, payable on January 6, 2027.
Iron Mountain reported second quarter 2026 total revenue of $2.0 billion, up 18.5% from a year earlier, and net income of $106.1 million, compared with a net loss of $43.3 million in the second quarter of 2025. The company raised its full-year 2026 guidance, with adjusted EBITDA now expected at $2,945 million to $2,975 million, which matters to shareholders because it signals higher expected earnings for the year.
Q2 2026 adjusted EBITDA was $727.0 million, up 15.7% from $628.4 million in Q2 2025.
Q2 2026 AFFO per share was $1.44, compared with $1.24 in Q2 2025.
Full-year 2026 AFFO per share guidance is now $5.87 to $5.93, up from $5.79 to $5.86.
The board declared a third quarter dividend of $0.864 per share, payable October 2, 2026, to holders of record on September 15, 2026.
Iron Mountain completed a private offering of $1.5 billion in 6.250% senior notes due January 15, 2035, sold at 100% of par, with net proceeds of about $1,481.8 million. The company plans to use the proceeds mainly to repay outstanding borrowings under its revolving credit facility, with any remainder for general corporate purposes, so shareholders should note the added long-term debt.
$1.5 billion aggregate principal of 6.250% senior notes, sold at 100.00% of par
Net proceeds of approximately $1,481.8 million after discounts and estimated expenses
Proceeds intended to repay all or part of revolving credit facility borrowings and pay fees
Interest payable January 15 and July 15, first payment January 15, 2027; notes mature January 15, 2035
Iron Mountain reported first-quarter 2026 total revenue of $1.9 billion, up 21.6% from a year earlier, and net income of $149 million, compared with $16 million in the first quarter of 2025. The company raised its full-year 2026 guidance for total revenue, adjusted EBITDA and AFFO per share, and its board declared a quarterly dividend of $0.864 per share payable July 3, 2026.
Total revenue was $1,936 million, up 21.6% as reported and 18.6% excluding foreign exchange.
Net income was $149 million, or $0.48 per diluted share, versus $16 million, or $0.05, a year earlier.
Adjusted EBITDA was $708 million, up 22.1%, and AFFO was $426 million, or $1.43 per share.
Full-year 2026 total revenue guidance is $7,825 million to $7,925 million, up from $7,625 million to $7,775 million; AFFO per share guidance is $5.79 to $5.86, up from $5.69 to $5.79.
Iron Mountain reported fourth quarter 2025 revenue of $1.8 billion, up 16.6% from a year earlier, and Adjusted EBITDA of $705.3 million, up 16.6%. GAAP net income fell 11.9% to $93.1 million, and reported EPS was $0.30 versus $0.35, while Adjusted EPS rose to $0.61 from $0.50. The company also issued 2026 guidance calling for revenue of $7,625 million to $7,775 million and Adjusted EBITDA of $2,875 million to $2,925 million.
Q4 2025 total revenues were $1,843.2 million, up 16.6% from $1,581.3 million in Q4 2024.
Q4 2025 net income was $93.1 million versus $105.7 million, and reported EPS was $0.30 versus $0.35.
Full year 2025 revenue was $6.9 billion, up 12.2%, while full year net income was $152.3 million, down 17.1%.
2026 guidance: total revenue of $7,625 million to $7,775 million and AFFO per share of $5.69 to $5.79. The board declared a quarterly dividend of $0.864 per share, payable April 3, 2026.
Iron Mountain and subsidiary IMIM entered Amendment No. 7 to the company's credit agreement on November 13, 2025, under which IMIM incurred $200 million of incremental term loans. The new loans are fungible with existing Term B loans due 2031 and carry the same interest rate and maturity, and total outstanding Amendment No. 1 Incremental Term B Loans stood at $2,036,677,512 as of November 13, 2025. The filing shows additional borrowing rather than a change in the loan's core terms, and it does not include earnings or guidance.
IMIM incurred $200,000,000 of incremental term loans under Amendment No. 7, dated November 13, 2025.
New loans are fungible with Existing Term B Loans due 2031 and share the same interest rate and maturity.
Outstanding Amendment No. 1 Incremental Term B Loans totaled $2,036,677,512 as of November 13, 2025.
JPMorgan Chase Bank, N.A. serves as administrative agent under the credit agreement.
Iron Mountain reported record third-quarter 2025 revenue of $1.8 billion, up 12.6% from a year earlier, and net income of $86 million after a loss of $34 million in the same quarter of 2024. The company reiterated its full-year 2025 guidance and raised its quarterly dividend 10%, to $0.864 per share, which signals continued confidence in cash generation for shareholders.
Q3 2025 reported EPS was $0.28, versus a loss of $0.11 per share a year earlier; adjusted EPS rose 23% to $0.54.
Adjusted EBITDA was $660 million, up 16% year over year, and AFFO was $393 million, or $1.32 per share.
Full-year 2025 guidance was reiterated, with total revenue of $6,790 million to $6,940 million and AFFO per share of $5.04 to $5.13.
The quarterly dividend rises to $0.864 per share, payable January 6, 2026, to holders of record on December 15, 2025.
Iron Mountain's board elected Christie Kelly, a former chief financial officer of several real estate companies, as a director effective October 21, 2025. She joins the Audit Committee and will receive director compensation, including a prorated grant of restricted stock units that vest immediately. The change adds a board member with finance experience but does not alter company operations or results.
Christie Kelly, age 64, elected to the board effective October 21, 2025, and assigned to the Audit Committee.
Prior roles include EVP, CFO and Treasurer of Realty Income Corporation (2021 to 2023) and EVP and Global CFO of Jones Lang LaSalle (2013 to 2018).
She will receive a prorated annual grant of RSUs under the Director Compensation Plan, each representing one share of common stock, vesting immediately upon grant.
On September 10, 2025, Iron Mountain completed a private offering of €1.2 billion in 4.750% senior notes due January 15, 2034, sold at 100% of par, with net proceeds of approximately €1,185.5 million. The company plans to use the proceeds to redeem its outstanding 3.875% GBP senior notes due 2025 and for general corporate purposes, including repaying revolving credit facility borrowings, which adds to its long-term debt for shareholders.
Offering of €1,200,000,000 in 4.750% senior notes due January 15, 2034, sold at 100.00% of par.
Net proceeds of approximately €1,185.5 million after discounts to initial purchasers and estimated offering expenses.
Proceeds intended to redeem all outstanding 3.875% GBP senior notes due 2025 and to repay revolver borrowings and for general corporate purposes.
Interest paid semi-annually on January 15 and July 15, with the first payment due January 15, 2026.
Iron Mountain reported record second-quarter 2025 revenue of $1.7 billion, up 11.6% from a year earlier, and raised its full-year 2025 guidance. The company posted a net loss of $43 million, compared with net income of $35 million in the second quarter of 2024, which it attributed to changes in exchange rates on intercompany balances. The guidance increase and higher adjusted measures point to stronger operations, while the GAAP swing to a loss is a notable offset for shareholders.
Q2 2025 total revenues were $1.7 billion, up 11.6% reported and 11.0% excluding foreign exchange.
Q2 2025 net loss was $43 million, or $(0.15) per diluted share, versus net income of $35 million in Q2 2024.
Adjusted EBITDA rose 15.4% to $628 million; adjusted EPS was $0.48, up from $0.42.
Full-year 2025 total revenue guidance was raised to $6,790 million to $6,940 million, from $6,740 million to $6,890 million.
Iron Mountain and subsidiaries signed Amendment No. 6 to their credit agreement on June 18, 2025. The company added $286,718,750 of incremental term loans, fungible with existing 2022 Term A Loans, and used the proceeds to reduce revolver borrowings.
Incremental term loans of $286,718,750 added to the 2022 Term A Loans, which total $500,000,000 outstanding as of June 18, 2025
Quarterly amortization payments now set at 1.25% of the amended and upsized term loan principal
Proceeds used to reduce borrowings under the company's revolving credit facility
Other material terms of the credit agreement remain materially unchanged
At its May 29, 2025 annual meeting, Iron Mountain stockholders re-elected all ten director nominees and approved an amendment adding 4,600,000 shares to the 2014 Stock and Cash Incentive Plan and extending the plan's term to May 29, 2035. The filing also lists board committee appointments and reports that stockholders ratified Deloitte & Touche LLP as auditor for fiscal 2025.
Plan amendment raises authorized shares from 20,750,000 to 25,350,000 and extends plan termination from May 12, 2031 to May 29, 2035
Each of the ten directors received more 'For' votes than 'Against' votes; the lowest 'For' count was 212,191,961 (Kent P. Dauten)
Nonbinding say-on-pay advisory resolution and Deloitte & Touche LLP ratification were both reported as approved
Board committee appointments take effect at the conclusion of the annual meeting, subject to re-election
Iron Mountain reported first-quarter 2025 revenue of $1.6 billion, up 7.8% from a year earlier, and Adjusted EBITDA of $580 million, up 12%. Net income fell to $16 million from $77 million, which the company primarily attributed to changes in exchange rates on intercompany balances. The company raised its full-year 2025 revenue and AFFO per share guidance.
Total revenue was $1.6 billion, up 7.8% reported and 9.4% excluding foreign exchange effects.
Net income was $16.2 million versus $77.0 million a year earlier; reported EPS was $0.05 versus $0.25, while Adjusted EPS was flat at $0.43.
AFFO per share rose to $1.17 from $1.10; 2025 AFFO per share guidance rose to $4.95-$5.05 from $4.85-$4.95.
2025 total revenue guidance rose to $6,740-$6,890 million from $6,650-$6,800 million; the Board declared a $0.785 quarterly dividend payable July 3, 2025.
Iron Mountain reported fourth quarter and full year 2024 results on February 13, 2025. Q4 revenue was $1.58 billion, up 11.4%, and net income was $105.7 million, compared with $29.2 million a year earlier. The company also issued 2025 guidance calling for total revenue of $6.65 billion to $6.80 billion and raised its quarterly dividend by 10%.
Q4 2024 total revenue of $1.58 billion, up 11.4%; net income of $105.7 million versus $29.2 million in Q4 2023.
Full-year 2024 total revenue of $6.15 billion, up 12.2%; net income of $183.7 million, down 1.9% from $187.3 million.
2025 guidance: total revenue of $6.65 billion to $6.80 billion and adjusted EBITDA of $2.475 billion to $2.525 billion.
Quarterly dividend increased 10% to $0.785 per share, payable April 4, 2025 to holders of record on March 17, 2025.
Iron Mountain's board elected June Yee Felix, 68, as a director effective January 1, 2025, and she will join the Audit Committee and the Risk and Safety Committee. The appointment adds a former IG Group Group CEO with fintech and technology experience to the board and to two key oversight committees.
Board elected June Yee Felix as a director on December 6, 2024, effective January 1, 2025.
Felix will serve on the Audit Committee and the Risk and Safety Committee starting January 1, 2025.
Felix was Group CEO of IG Group plc from 2018 to 2023 and a non-executive director of RELX PLC since 2021.
She will receive a prorated annual grant of restricted stock units that vest immediately upon grant.
Iron Mountain completed a private offering of $1.2 billion in 6.25% senior notes due 2033, sold at par, with net proceeds of approximately $1,185.5 million. The company plans to use the proceeds to repay part of its revolving credit facility borrowings and pay related fees and expenses, which adds $1.2 billion of long-term unsecured senior debt for shareholders to consider.
$1.2 billion principal amount sold at 100.00% of par to qualified institutional buyers under Rule 144A
Net proceeds of approximately $1,185.5 million, after discounts and estimated offering expenses
Interest of 6.25% a year, paid semi-annually on January 15 and July 15; notes mature January 15, 2033
Make-whole redemption available before December 6, 2027; Computershare Trust Company N.A. is trustee
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