Iron Mountain IRM
NYSE IRM
$122.02 -0.92 (-0.75%)
At close: Aug 21, 2026 · 4:00 PM EDT

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

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

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

Iron Mountain has reported Cost of Revenue for 18 years, with the latest figure at $889.8 million in Q1 2026.

  • Quarterly Cost of Revenue rose 25.29% year-over-year to $889.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.3 billion (up 18.36% YoY) and the FY2025 annual result came in at $3.1 billion, up 14.2% from the prior year.
  • Cost of Revenue grew to $889.8 million in Q1 2026 per IRM's latest filing, from $822.5 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $889.8 million in Q1 2026 and troughed at $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.
  • The sharpest annual moves came in 2023 and 2026: Cost of Revenue advanced 4.57% in 2023, then increased 25.29% in 2026.
  • Over 5 years, Cost of Revenue stood at $540.0 million in 2022, then climbed by 11.36% to $601.3 million in 2023, then rose by 14.57% to $688.9 million in 2024, then increased by 19.39% to $822.5 million in 2025, then advanced by 8.18% to $889.8 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $889.8 million, $822.5 million, and $791.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Equinix 105.14 Bn 102.92 Bn 1.40 Bn 1.23 Bn
2 American Tower 82.11 Bn 80.34 Bn 2.72 Bn 33.40 Mn
3 Digital Realty Trust 67.60 Bn 65.74 Bn - -
4 Iron Mountain 36.35 Bn 36.15 Bn 1.07 Bn 958.61 Mn
5 Crown Castle 32.72 Bn 31.68 Bn 989.00 Mn 19.00 Mn
6 Sba Communications 19.39 Bn 19.39 Bn 539.27 Mn 41.93 Mn
7 Weyerhaeuser 17.58 Bn 17.05 Bn 311.00 Mn 1.56 Bn
8 Lamar Advertising 15.26 Bn 15.19 Bn 422.53 Mn 194.22 Mn
9 Gaming & Leisure Properties 12.42 Bn 12.42 Bn - -
10 Rayonier 6.36 Bn 5.93 Bn 75.67 Mn 320.81 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 958.61 Mn
Jun 30, 2026 958.61 Mn
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