Iron Mountain Incorporated reported Q2 2025 earnings, with CEO William Meaney and CFO Barry Hytinen set to discuss results. The conference call will cover financial performance and address investor questions. The company is a leading provider of data center, cloud, and cybersecurity services.
Iron Mountain Incorporated (NYSE: IRM), a leading provider of data center, cloud, and cybersecurity services, has announced its second-quarter (Q2) 2025 earnings results. The company reported a record quarterly revenue of $1.7 billion, an increase of 11.6% on a reported basis and 11.0% excluding the effects of foreign exchange. The data center, digital, and asset lifecycle management (ALM) businesses collectively grew by more than 30%. Despite a loss to net income of $43 million due to changes in exchange rates, the company delivered a record quarterly Adjusted EBITDA of $628 million and a record quarterly AFFO of $370 million, or $1.24 per share.
CEO William L. Meaney and CFO Barry Hytinen will discuss the financial performance and address investor questions during the earnings conference call scheduled for August 6, 2025. The company has also increased its 2025 financial guidance driven by strong operational outperformance.
Key highlights from the Q2 2025 financial performance include:
- Total reported revenues increased by 11.6% to $1.7 billion compared to $1.5 billion in Q2 2024.
- Storage rental revenue grew by 9.2%, while service revenue increased by 13.7%.
- Adjusted EBITDA increased by 15.4% to $628.4 million compared to $544.4 million in Q2 2024.
- AFFO per share increased by 14.8% to $1.24 compared to $1.08 in Q2 2024.
- The company declared a quarterly cash dividend of $0.785 per share of common stock for the third quarter.
Iron Mountain's increased 2025 financial guidance reflects the company's strong performance and positive outlook. The company expects total revenue to range from $6,790 to $6,940 million, Adjusted EBITDA to range from $2,520 to $2,570 million, and AFFO to range from $1,505 to $1,530 million.
References:
[1] https://investors.ironmountain.com/news/news-details/2025/Iron-Mountain-Reports-Second-Quarter-2025-Results/default.aspx
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