Feed / IRM

Iron Mountain Incorporated

IRM

Real Estate · 111.16 +0.2% today

Isolated · not yet confirmedMarket checked 1 Oct, 15:55 GMT-4

Market read

No connected market move is active around Iron Mountain Incorporated.

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

Company+0.2% todayVolume comparison unavailable
Market groupNo active group readNo durable group available
Disclosed network0 of 5 confirmingNo filing-linked name is confirming now
What would change this read
  • IRM's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if IRM's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Real Estate · REIT - Specialty

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • IRM's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Oct 2, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations616
Usable filing statements42
Verified relationships5
Evidence supporting the case
  • Latest annual revenue changed +12.2% year over year.
  • Data center and AI demand has repeated favorable evidence across 4 filings.
  • Pricing and mix has repeated favorable evidence across 4 filings.
Evidence challenging the case

No qualifying adverse evidence was identified; that is not proof there is no downside.

Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Oct 1, 2026

111.16
6m+10.1%12m+9.0%24m-5.3%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$4.5B+8.3%$1.55+0.8%
2022-12-31$5.1B+13.6%$1.90+0.5%
2023-12-31$5.5B+7.4%$0.63+0.5%
2024-12-31$6.1B+12.2%$0.61+0.8%
2025-12-31$6.9B+12.2%$0.49+0.5%

What management says matters

Persistent and emerging business drivers

Data center and AI demandpositive · 4 filings
“For example, the calculation of financial performance under the Credit Agreement and certain of our bond indentures includes (subject to specified exceptions and caps) adjustments for non-cash charges and for expected benefits associated with (i) completed ac…”
10-Q · Apr 30, 2026 ↗
Pricing and mixpositive · 4 filings
“TOTAL REVENUES Primary factors influencing the change in reported storage rental revenue and reported service revenue for the three months ended March 31, 2026 compared to the three months ended March 31, 2025 include the following: STORAGE RENTAL REVENUE • o…”
10-Q · Apr 30, 2026 ↗
Restructuring and cost reductionsmixed · 4 filings
“For example, the calculation of financial performance under the Credit Agreement and certain of our bond indentures includes (subject to specified exceptions and caps) adjustments for non-cash charges and for expected benefits associated with (i) completed ac…”
10-Q · Apr 30, 2026 ↗
Foreign exchangemixed · 3 filings
“The primary reconciling items between the federal statutory tax rate of 21.0% and our overall effective tax rate were: YEAR ENDED DECEMBER 31, 2025 2024 The lack of tax benefits recognized for the foreign exchange losses of $26.9 million and ordinary losses a…”
10-K · Feb 12, 2026 ↗

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

111.16+0.2% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for IRM. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for IRM. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind IRM

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

COOTFiling-linked namesupplierFeb 12, 2026 ▾

“Principal payments on the AUD Term Loan are to be paid in quarterly installments in an aggregate amount of 10.0 million Australian dollars per year, with the remaining balance due September 2030.”

BTIBritish American Tobacco p.l.c.partnerNov 5, 2025 ▾

“UK REVOLVING CREDIT FACILITY Iron Mountain (UK) PLC and Iron Mountain (UK) Data Centre Limited, wholly owned subsidiaries of IMI (collectively, the "UK Borrowers"), have a British pounds sterling Revolving Credit Facility (the "UK Revolving Credit Facility").”

Depended on by

BTBTBit Digital, Inc.competitorMar 27, 2026 ▾

“WhiteFiber competes with several prominent data center providers, including Digital Realty, Equinix, Inc., NTT, Cyrus One, Inc., STACK Infrastructure, Inc., Aligned Data Centers, LLC, Iron Mountain and various private operators in the U.S.”

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

IRM is currently a Leader in the organic co-movement group Unknown Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for IRM; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.