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Iron Mountain (IRM) Adjusted EBITDA by Business Type

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Adjusted EBITDA by Business Type

Shows profitability from different business operations, offering a clearer picture of which segments are most financially healthy and contributing to overall earnings.

-$200.00M$0.00$200.00M$400.00M$600.00M$800.00MMar 21Jun 21Sep 21Dec 21Mar 22Jun 22Sep 22Dec 22Mar 23Jun 23Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Chart Insights

Global RIM remains the EBITDA backbone with steady long‑term growth, while Data Center EBITDA has surged recently—matching management’s leasing momentum and Q2 margin expansion—and is becoming a material profit driver. Corporate & Other overhead has narrowed, amplifying consolidated EBITDA gains. Management’s raised 2026 guidance and rapid ALM/Data Center scale validate a strategic mix shift to higher-growth, higher‑margin businesses, but hyperscaler timing, ALM memory-price variability and mix effects could keep quarter-to-quarter results lumpy even as underlying momentum strengthens.

IRM Adjusted EBITDA by Business Type

DateGlobal RIM BusinessGlobal Data Center BusinessCorporate and Other
Sep 30, 2026$630.01M$153.98M-$36.03M
Jun 30, 2026$620.75M$137.34M-$31.08M
Mar 31, 2026$617.68M$132.76M-$42.50M
Dec 31, 2025$622.41M$121.87M-$39.00M
Sep 30, 2025$598.47M$107.38M-$45.47M
Jun 30, 2025$586.30M$96.27M-$54.18M
Mar 31, 2025$556.31M$90.82M-$67.22M
Dec 31, 2024$579.11M$88.13M-$62.19M
Sep 30, 2024$568.99M$66.80M-$67.68M
Jun 30, 2024$548.74M$66.02M-$70.40M
Mar 31, 2024$526.27M$61.57M-$68.98M
Dec 31, 2023$533.64M$58.28M-$66.68M
Sep 30, 2023$516.55M$53.22M-$69.80M
Jun 30, 2023$499.06M$53.81M-$77.21M
Mar 31, 2023$477.78M$50.63M-$67.61M
Dec 31, 2022$485.56M$48.68M-$62.32M
Sep 30, 2022$483.86M$42.66M-$57.09M
Jun 30, 2022$469.37M$42.31M-$56.97M
Mar 31, 2022$448.80M$41.98M-$59.78M
Dec 31, 2021$446.25M$38.39M-$53.90M
Sep 30, 2021$435.90M$35.10M-$53.23M
Jun 30, 2021$423.94M$33.43M-$51.74M
Mar 31, 2021$408.56M$30.43M-$58.43M
Dec 31, 2020$404.40M$31.76M-$61.92M
Sep 30, 2020$393.88M$33.36M-$51.23M
Jun 30, 2020$383.82M$30.56M-$54.91M
Mar 31, 2020$391.97M$30.89M-$56.87M