Iron Mountain Q4 revenue rises 16.6% to $1.8 billion; net income falls 11.9%
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.
Key points
- 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.
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 February 12, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.