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| Date | Value |
|---|---|
| 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 |