Iron Mountain (IRM) 10-K Summaries & Annual Filing History
Review Iron Mountain Incorporated (IRM) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Iron Mountain filed its annual report for the most recent fiscal year. The filing highlights revenue growth, positive net income, and strong operating cash flow, while noting ongoing transformation costs under Project Matterhorn.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$6.9B
Revenue reported for the fiscal year.
Operating income
$1.2B
Income from operations reported for the year.
Net income
$152.3M
Net income reported for the year.
Operating cash flow
$1.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $5.1B | +13.6% |
| Dec 31, 2023 | $5.5B | +7.4% |
| Dec 31, 2024 | $6.1B | +12.2% |
| Dec 31, 2025 | $6.9B | +12.2% |
Business overview
The filing does not contain a detailed business description; the business overview section only references a page number. The company is identified as Iron Mountain Incorporated.
Financial performance
Revenue increased compared to the prior year, and operating income was substantial. Net income was positive, and cash from operations was robust.
Material risks
The filing does not provide specific risk factor descriptions; the risk factors section is referenced only by page number.
Liquidity and capital
The company expects to meet its cash flow needs through operations, cash on hand, and borrowings. It has incurred significant costs related to the Project Matterhorn transformation initiative, which includes site consolidation and severance.
What to watch
Monitor the progress and remaining costs of the Project Matterhorn transformation initiative.