10-Q quarterly report · filed Aug 6, 2025

Iron Mountain (IRM) Q2 2025 10-Q Quarterly Report

Short answer

Iron Mountain (IRM) filed its Q2 2025 10-Q quarterly report on Aug 6, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $1.7B (up 11.6% year over year) with net income of −$45M.

Q2 2025 key financials · XBRL

Revenue
$1.7B
+11.6% YoY · +7.5% QoQ
Net income
−$45M
−225.5% YoY · −381.6% QoQ
Operating margin
15.2%
EPS (diluted)
−$0.15
−225.0% YoY · −400.0% QoQ

Source: XBRL data from the Iron Mountain (IRM) Q2 2025 10-Q on SEC EDGAR. USD.

Iron Mountain Q2 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New risk: Increased transformation costs of $150M expected in 2025 linked to Project Matterhorn completion
  • Most material update: Foreign currency transaction losses increased Other Expense, net by $80.7M in Q2 2025 vs $4.5M prior year due to market volatility
  • Regulatory risk: Discrete tax items impacting income tax provision by $2.3M Q2 and $2.6M YTD 2025 reflecting tax compliance complexities
  • Operational risk: Lease commencements driving Global Data Center segment growth amid stabilizing Global RIM storage rental volumes
  • Financial risk: Net loss of $43.3M Q2 despite Adjusted EBITDA rise to $628.4M, affected by $50.3M restructuring and transformation costs

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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