{"data":{"ticker":"IRM","slug":"iron-mountain","name":"Iron Mountain","exchange":"NYSE","sector":"Real Estate","headquarters":"Portsmouth, New Hampshire","ceo":"William L. Meaney BSc, MEng, MSIA","employees":29400,"website":"https://www.ironmountain.com","founded":"1951","layers":[{"slug":"data-centers","name":"Data Centers & Hardware"}],"exposure":{"score":35,"tier":"Growing","rationale":"Iron Mountain earns most revenue from records storage and information management while building a multi-gigawatt data center colocation platform on land it already owns. Data centers are the growth story and rerating case, but the legacy business still dominates revenue."},"quote":{"price":106.52,"change24hPct":0.97,"change7dPct":-8.61,"change30dPct":-5.71,"change1yPct":5.75,"high52w":132.03,"low52w":77.09,"marketCap":31711303680,"peRatio":76.09,"eps":1.4,"volume24h":267643536},"nextEarningsDate":"2026-11-05","summary":"Iron Mountain is a real estate investment trust built on records storage. It makes money storing and managing physical documents and information for businesses, a steady legacy franchise it has run for decades.","explainer":["Iron Mountain is a real estate investment trust built on records storage. It makes money storing and managing physical documents and information for businesses, a steady legacy franchise it has run for decades.","Its growth engine is different: a multi-gigawatt data center platform. Iron Mountain builds data center colocation capacity on land it already owns, leasing space, power, and cooling to companies that need somewhere to run their computing, including AI workloads.","Founded in 1951 and headquartered in Portsmouth, New Hampshire, Iron Mountain trades on the NYSE and employs about 29,400 people."],"buildoutRole":"Iron Mountain sits in the Data Centers & Hardware layer of the AI buildout. Its advantage is land: it is converting property it already owns into a multi-gigawatt data center colocation platform at a time when powered, permitted sites are scarce. Data centers are the growth story and the case for viewing the company differently than a records-storage REIT. The legacy storage business still dominates revenue, so its AI exposure is a growing minority of the whole.","faq":[{"q":"What does Iron Mountain do?","a":"Iron Mountain is a REIT earning most revenue from records storage and information management for businesses. Its fastest-growing segment is data center colocation, built on land the company already owns."},{"q":"How is Iron Mountain exposed to AI?","a":"Through data centers. Its multi-gigawatt colocation platform serves computing demand, including AI workloads, and drives the growth story. Records storage still dominates revenue, and Supercycle rates it an AI Exposure Score of 35 out of 100."},{"q":"What is Iron Mountain's data center business?","a":"A multi-gigawatt colocation platform built on land Iron Mountain already owns. It leases data center space, power, and cooling to companies running computing infrastructure, and it is the company's fastest-growing segment."},{"q":"Is IRM a pure play AI stock?","a":"No. Iron Mountain is a records-storage REIT whose data center platform is the growth engine. Legacy storage still dominates revenue, reflected in its AI Exposure Score of 35 out of 100."},{"q":"Where is Iron Mountain based and who leads it?","a":"Iron Mountain is headquartered in Portsmouth, New Hampshire, and is led by CEO Bill Meaney. The company was founded in 1951 and employs about 29,400 people."}],"history1y":[{"date":"2026-09-28","close":111.05},{"date":"2026-09-29","close":111.5},{"date":"2026-09-30","close":110.95},{"date":"2026-10-01","close":111.13},{"date":"2026-10-02","close":113.39},{"date":"2026-10-05","close":112.33},{"date":"2026-10-06","close":116.5},{"date":"2026-10-07","close":115.75},{"date":"2026-10-08","close":112.97},{"date":"2026-10-09","close":114.51},{"date":"2026-10-12","close":115.1},{"date":"2026-10-13","close":114.6},{"date":"2026-10-14","close":110.86},{"date":"2026-10-15","close":112.68},{"date":"2026-10-16","close":112.51},{"date":"2026-10-19","close":111.55},{"date":"2026-10-20","close":113.06},{"date":"2026-10-21","close":114.72},{"date":"2026-10-22","close":110.66},{"date":"2026-10-23","close":109.96},{"date":"2026-10-26","close":113.08},{"date":"2026-10-27","close":115.34},{"date":"2026-10-28","close":115.67},{"date":"2026-10-29","close":118.38},{"date":"2026-10-30","close":116.55},{"date":"2026-11-02","close":115.18},{"date":"2026-11-03","close":116.69},{"date":"2026-11-04","close":118.66},{"date":"2026-11-05","close":105.5},{"date":"2026-11-06","close":106.52}],"incomeStatements":[{"ticker":"IRM","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":6901737000,"cost_of_revenue":3079480000,"gross_profit":3822257000,"operating_expense":0,"operating_income":1403920000,"net_income":144591000,"earnings_per_share":0.49,"earnings_per_share_diluted":0.49,"research_and_development":0,"selling_general_and_administrative_expenses":1393902000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"IRM","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":6149909000,"cost_of_revenue":2696549000,"gross_profit":3453360000,"operating_expense":0,"operating_income":1212916000,"net_income":180156000,"earnings_per_share":0.61,"earnings_per_share_diluted":0.61,"research_and_development":0,"selling_general_and_administrative_expenses":1339539000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"IRM","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":5480289000,"cost_of_revenue":2357800000,"gross_profit":3122489000,"operating_expense":0,"operating_income":1110043000,"net_income":184234000,"earnings_per_share":0.63,"earnings_per_share_diluted":0.63,"research_and_development":0,"selling_general_and_administrative_expenses":1236287000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"IRM","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","revenue":5103574000,"cost_of_revenue":2189120000,"gross_profit":2914454000,"operating_expense":0,"operating_income":1046282000,"net_income":556981000,"earnings_per_share":1.9,"earnings_per_share_diluted":1.9,"research_and_development":0,"selling_general_and_administrative_expenses":1140577000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"IRM","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":21125019000,"current_assets":1934983000,"cash_and_equivalents":158535000,"total_liabilities":21769927000,"current_liabilities":2619496000,"total_debt":19051536000,"shareholders_equity":-981007000,"retained_earnings":-5405147000},{"ticker":"IRM","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":18717115000,"current_assets":1691222000,"cash_and_equivalents":155716000,"total_liabilities":18943618000,"current_liabilities":3087275000,"total_debt":16369312000,"shareholders_equity":-503122000,"retained_earnings":-4583436000},{"ticker":"IRM","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":17473802000,"current_assets":1735545000,"cash_and_equivalents":222789000,"total_liabilities":17084082000,"current_liabilities":2236188000,"total_debt":14787359000,"shareholders_equity":211648000,"retained_earnings":-3953808000},{"ticker":"IRM","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","total_assets":16140514000,"current_assets":1547145000,"cash_and_equivalents":141797000,"total_liabilities":15408561000,"current_liabilities":1917564000,"total_debt":13286900000,"shareholders_equity":636668000,"retained_earnings":-3392272000}],"holders13f":[],"news":[{"title":"Iron Mountain Inc (IRM) (Q3 2026) Earnings Call Highlights: Record Revenue, Raised Guidance and ...","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/iron-mountain-inc-irm-q3-231709019.html?.tsrc=rss","date":"2026-11-05"},{"title":"Iron Mountain (IRM) Q3 2026 Earnings Call Transcript","source":null,"url":"https://www.fool.com/earnings/call-transcripts/2026/11/05/iron-mountain-irm-q3-2026-earnings-call-transcript/?.tsrc=rss","date":"2026-11-05"},{"title":"Iron Mountain Incorporated Q3 2026 Earnings Call Summary","source":null,"url":"https://app.moby.co/home/research/tools/earningsCalendar/earnings-iron-mountain-incorporated-q3-2026-earnings-call-summary?utm_source=yahoo_finance&utm_medium=rss&.tsrc=rss","date":"2026-11-05"},{"title":"Iron Mountain Shares Decline as Revenue Guidance Falls Below Forecasts Despite Q3 Earnings Beat","source":null,"url":"https://investorshub.advfn.com/market-news/article/39374/iron-mountain-shares-decline-as-revenue-guidance-falls-below-forecasts-despite-q3-earnings-beat?.tsrc=rss","date":"2026-11-05"},{"title":"IRM Q3 AFFO Beats Estimates on Data Center and ALM Growth","source":null,"url":"https://finance.yahoo.com/real-estate/articles/irm-q3-affo-beats-estimates-144300723.html?.tsrc=rss","date":"2026-11-05"},{"title":"Compared to Estimates, Iron Mountain (IRM) Q3 Earnings: A Look at Key Metrics","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/compared-estimates-iron-mountain-irm-133004581.html?.tsrc=rss","date":"2026-11-05"},{"title":"Iron Mountain Q3 Adjusted Funds From Operations, Revenue Rise; Raises 2026 Outlook","source":null,"url":"https://finance.yahoo.com/real-estate/articles/iron-mountain-q3-adjusted-funds-122504737.html?.tsrc=rss","date":"2026-11-05"},{"title":"Iron Mountain (IRM) Surpasses Q3 Earnings and Revenue Estimates","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/iron-mountain-irm-surpasses-q3-121506580.html?.tsrc=rss","date":"2026-11-05"}]},"meta":{"version":"v1","asOf":"2026-11-06","builtAt":"2026-11-08T15:24:45.521Z","tier":"free","source":"https://supercyclehq.com/stock/iron-mountain","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/IRM","html":"https://supercyclehq.com/stock/iron-mountain","md":"https://supercyclehq.com/stock/iron-mountain.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}