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