$IRM · IRON MOUNTAIN INC
Iron Mountain filed its Q3 FY2026 10-Q. Total revenues grew 13.5% YoY to $1.991B, driven by storage rental up to $1.15B and service revenue to $841.1M. Net income rose 49.4% to $128.9M, with diluted EPS of $0.41 (adjusted $0.64). Operating margin was 20.6%, and Adjusted EBITDA grew 13.3% to $748.0M.
- Revenue +13.5% YoY to $1.991B; storage rental $1.15B, service $841.1M.
- Net income +49.4% to $128.9M; diluted EPS $0.41 vs $0.28.
- Adjusted EBITDA +13.3% to $748.0M; margin flat at 37.6%.
- Data-center segment revenue +34.0% YoY to $273.6M; segment EBITDA margin 56.3%.
- Nine-month net income attributable to IRM +567.4% to $369.2M.
Stock fell 11.09% in the regular session to $105.50, with extended-hours last trade at $105.00 (-0.47% vs close), suggesting the selloff predates or is unrelated to this filing's strong headline results.
Strong double-digit revenue and profit growth, led by the data-center segment, contrasts with an 11% single-day share decline.
Data-center and storage-rental growth continues to outpace the legacy records-management business, with the data-center segment posting 34% revenue growth and 56.3% EBITDA margins.
Interest expense net rose to $216.5M for the quarter, and total long-term debt stands at $16.74B, pressuring cash flow amid heavy data-center capex.