Q2 FY26 · Ended Jun 30, 2026 · View SEC filing
The data center build still outspends operating cash
Free cash flow was negative $38.9M: the gap is small now because operating cash rose, not because spending fell.
For investorsWhat has to go right for the data center build to pay for itself?
For foundersTurning a sticky storage fee into a platform for new services
The share was 78.9% a year earlier: operating income is outgrowing interest, though borrowing keeps rising to fund the build.
With overhead nearly flat and restructuring charges gone, operating income rose 43.7% on 18.5% more revenue.
Product sales inside the fastest-growing line pushed cost of sales to 47.2% of revenue, from 44.1% a year earlier.
Unlock the financial breakdown, competitive insights, historical trends and founder playbook, plus research across the company library.
Free CXProWealth membership required
Business Lens describes Iron Mountain from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
