Strong Revenue Growth Across Business
Revenue grew 21.6% YoY to $1.94B in Q1 FY2026 from $1.59B in the prior-year period, reflecting continued demand for Iron Mountain's records management, data center, and asset lifecycle management services.
IRON MOUNTAIN INC is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: 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.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue grew 21.6% YoY to $1.94B in Q1 FY2026 from $1.59B in the prior-year period, reflecting continued demand for Iron Mountain's records management, data center, and asset lifecycle management services.
Operating income rose 55.4% YoY to $395.2M, with operating margin expanding approximately 440 basis points to 20.4% from 16.0%, indicating that revenue growth is outpacing cost increases and driving meaningful profitability improvement.
Operating cash flow increased sharply to $338.6M from $197.3M in the prior-year quarter, a 71.6% improvement, demonstrating strong cash generation capability that supports the company's REIT dividend obligations and capital investment program.
Revenue
$1.94B
++21.58% YoY
EPS (Basic)
$0.48
++860.00% YoY
Operating Income
$395.23M
++55.42% YoY
Add IRM to your watchlist to get the AI analysis in your inbox within minutes of the 10-Q filing.