Real Estate
IRM delivered strong Q1 FY2026 results with revenue surging 21.6% YoY to $1.94B and operating income jumping 55.4% to $395M, though the company carries significant leverage with $17.1B in long-term debt and negative stockholders' equity.
Key risk: Extremely High Leverage and Negative Stockholders' Equity
IRM carries $17.1B in long-term debt, up 14.7% YoY, and has negative stockholders' equity of -$1.22B, which deteriorated 73.9% YoY. This capital structure leaves the company highly vulnerable to interest rate increases and limits financial flexibility in a downturn.