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Iron Mountain (IRM) Cost of Revenue (2016 - 2025)

Iron Mountain's Cost of Revenue history spans 17 years, with the latest figure at $822.5 million for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 19.39% year-over-year to $822.5 million; the TTM value through Dec 2025 reached $3.1 billion, up 14.2%, while the annual FY2025 figure was $3.1 billion, 14.2% up from the prior year.
  • Cost of Revenue for Q4 2025 was $822.5 million at Iron Mountain, up from $791.9 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $822.5 million in Q4 2025 and bottomed at $451.9 million in Q1 2021.
  • The 5-year median for Cost of Revenue is $592.4 million (2023), against an average of $610.5 million.
  • The largest annual shift saw Cost of Revenue decreased 3.22% in 2021 before it grew 20.96% in 2022.
  • A 5-year view of Cost of Revenue shows it stood at $479.1 million in 2021, then grew by 12.71% to $540.0 million in 2022, then increased by 11.36% to $601.3 million in 2023, then increased by 14.57% to $688.9 million in 2024, then grew by 19.39% to $822.5 million in 2025.
  • Per Business Quant, the three most recent readings for IRM's Cost of Revenue are $822.5 million (Q4 2025), $791.9 million (Q3 2025), and $754.8 million (Q2 2025).