Iron Mountain posts record Q1 revenue of $1.6 billion and raises 2025 guidance
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2025.
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