Real Estate
Iron Mountain delivered strong organic revenue growth and a return to profitability in Q2 FY2026, driven by data center expansion and digital services, while managing higher costs and a shifting revenue mix.
Key risk: High Financial Leverage and Negative Equity
Iron Mountain's long-term debt stands at $17.35 billion with negative stockholders' equity of -$1.28 billion, and interest expense increased 11.9% year-to-date, heightening refinancing and interest rate risks.