Iron Mountain swings to $43 million Q2 net loss, revenue up 11.6%, raises 2025 guidance
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits 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 August 06, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.