Iron Mountain (IRM) Cost of Revenue (2009 - 2026)

Iron Mountain (IRM) reported Cost of Revenue of $889.8 million for Q1 2026, up 25.29% on a YoY basis from $710.2 million in Q1 2025, and up 8.18% sequentially from $822.5 million in Q4 2025.

Iron Mountain (IRM) Cost of Revenue (2009 - 2026) Analysis & Trends

Iron Mountain (IRM) has 18 years of Cost of Revenue data on file, last reported at $889.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue rose 25.29% year-over-year to $889.8 million; the trailing twelve-month figure through Mar 2026 stood at $3.3 billion (up 18.36% YoY), and the FY2025 full-year result was $3.1 billion, up 14.2% from the prior year.
  • Cost of Revenue grew to $889.8 million in Q1 2026, from $822.5 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $889.8 million in Q1 2026 to a low of $540.0 million in Q4 2022.
  • A 5-year average of $659.6 million and a median of $653.3 million in 2024 frame the typical range for Cost of Revenue.
  • Across the five-year window, Cost of Revenue rose 4.57% in 2023 and climbed 25.29% in 2026, its largest moves.
  • Tracing IRM's Cost of Revenue over 5 years: stood at $540.0 million in 2022, then rose by 11.36% to $601.3 million in 2023, then climbed by 14.57% to $688.9 million in 2024, then advanced by 19.39% to $822.5 million in 2025, then increased by 8.18% to $889.8 million in 2026.
  • Business Quant data shows IRM's Cost of Revenue at $889.8 million in Q1 2026, $822.5 million in Q4 2025, and $791.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Equinix 103.05 Bn 99.99 Bn 1.26 Bn 1.19 Bn
2 American Tower 77.66 Bn 77.54 Bn 2.70 Bn 38.50 Mn
3 Digital Realty Trust 67.48 Bn 65.06 Bn - -
4 Iron Mountain 37.71 Bn 37.46 Bn 1.05 Bn 889.80 Mn
5 Crown Castle 32.38 Bn 32.33 Bn 23.00 Mn 26.00 Mn
6 Sba Communications 18.28 Bn 18.28 Bn 532.10 Mn 39.42 Mn
7 Weyerhaeuser 17.26 Bn 16.96 Bn 318.00 Mn 1.41 Bn
8 Lamar Advertising 16.38 Bn 16.34 Bn 344.69 Mn 183.32 Mn
9 Gaming & Leisure Properties 12.82 Bn 12.82 Bn - -
10 OUTFRONT Media 5.65 Bn 5.58 Bn 202.10 Mn 227.50 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 889.80 Mn
Mar 31, 2026 889.80 Mn
Dec 31, 2025 822.50 Mn
Dec 31, 2025 822.50 Mn
Sep 30, 2025 791.94 Mn
Sep 30, 2025 791.94 Mn
Jun 30, 2025 754.84 Mn
Jun 30, 2025 754.84 Mn
Mar 31, 2025 710.20 Mn
Mar 31, 2025 710.20 Mn
Dec 31, 2024 688.93 Mn
Dec 31, 2024 688.93 Mn
Sep 30, 2024 678.39 Mn
Sep 30, 2024 678.39 Mn
Jun 30, 2024 675.97 Mn
Jun 30, 2024 675.97 Mn
Mar 31, 2024 653.26 Mn
Mar 31, 2024 653.26 Mn
Dec 31, 2023 601.33 Mn
Dec 31, 2023 601.33 Mn