Iron Mountain said Adjusted EBITDA Margin for the 9 months ended September 30, 2025 increased 120 basis points from the prior year period, citing favorable overhead management, which was offset by changes in revenue mix.

10-QQuarterly reportFiled Nov 5, 2025Period of report Sep 30, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Iron Mountain said Adjusted EBITDA Margin for the 9 months ended September 30, 2025 increased 120 basis points from the prior year period, citing favorable overhead management, which was offset by changes in revenue mix.
The company said net cash flows from operating activities for the 9 months ended 2025 increased $74.9 million compared to the prior year period, citing an increase in net income excluding non-cash charges of $53.0 million and an increase in cash from working capital of $21.9 million.
Iron Mountain said it received net proceeds of approximately $1,390.7 million from the issuance of the Euro Notes during the 9 months ended 2025, which it used to partially repay borrowings under its Revolving Credit Facility and will use to repay the GBP Notes on Q4 2025.
The company said it expects total capital expenditures of approximately $1,950.0 million for the year ended December 31, 2025, excluding capital expenditures associated with potential future acquisitions, of which it expects growth investment capital expenditures of approximately $1,800.0 million and recurring capital expenditures of approximately $150.0 million.

Key figures

Quarter ended September 30, 2025

Revenue: $1.8B
Operating income: $309M
Net income: $86M
EPS: $0.28

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Adjusted EBITDA Margin Increased 120 basis points

Iron Mountain said Adjusted EBITDA Margin for the 9 months ended September 30, 2025 increased 120 basis points from the prior year period, citing favorable overhead management, which was offset by changes in revenue mix.

Source · Based on the MD&A text of the filing

Operating Cash Flow for 9 Months Increased $74.9 million

The company said net cash flows from operating activities for the 9 months ended 2025 increased $74.9 million compared to the prior year period, citing an increase in net income excluding non-cash charges of $53.0 million and an increase in cash from working capital of $21.9 million.

Source · Based on the MD&A text of the filing

Euro Notes Net Proceeds Approximately $1,390.7 million

Iron Mountain said it received net proceeds of approximately $1,390.7 million from the issuance of the Euro Notes during the 9 months ended 2025, which it used to partially repay borrowings under its Revolving Credit Facility and will use to repay the GBP Notes on Q4 2025.

Source · Based on the MD&A text of the filing

Full-Year 2025 Capital Expenditures Expected at Approximately $1,950.0 million

The company said it expects total capital expenditures of approximately $1,950.0 million for the year ended December 31, 2025, excluding capital expenditures associated with potential future acquisitions, of which it expects growth investment capital expenditures of approximately $1,800.0 million and recurring capital expenditures of approximately $150.0 million.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

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