IRM Q1 2023 Earnings — Iron Mountain Incorporated Revenue & Financial Results | Market Cap Arena

IRMIron Mountain Incorporated

$32B

Q1 2023 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$1.3B+5.3% YoY

Gross Profit

$743M56.5% margin

Operating Income

$241M18.3% margin

Net Income

$65M4.9% margin

EPS (Diluted)

$0.22

QoQ Revenue Growth

+2.8%

Cash Flow

Operating Cash Flow

$129M

Free Cash Flow

-$138M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$16.5B

Total Liabilities

$15.8B

Stockholders' Equity

$545M

Cash & Equivalents

$146M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$1.2B	+5.3%
Gross Profit	$743M	$701M	+5.9%
Operating Income	$241M	$222M	+8.3%
Net Income	$65M	$42M	+52.7%

Revenue Segments

Global Records and Information Management Business

$1.1B91%

Global Data Center Business

$112M9%