IRMIron Mountain Incorporated

$32B

Q3 2023 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$1.4B+7.9% YoY

Gross Profit

$796M57.3% margin

Operating Income

$238M17.1% margin

Net Income

$91M6.6% margin

EPS (Diluted)

$0.31

QoQ Revenue Growth

+2.2%

Cash Flow

Operating Cash Flow

$220M

Free Cash Flow

-$144M

Stock-Based Comp.

$18M

Balance Sheet

Total Assets

$16.9B

Total Liabilities

$16.5B

Stockholders' Equity

$263M

Cash & Equivalents

$171M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$1.3B	+7.9%
Gross Profit	$796M	$741M	+7.4%
Operating Income	$238M	$286M	-16.8%
Net Income	$91M	$192M	-52.6%

Revenue Segments

Records Management

$963M69%

Information Destruction

$170M12%

Data Management

$128M9%

Data Center

$128M9%

IRM Q3 2023 Earnings — Iron Mountain Incorporated Revenue & Financial Results | Market Cap Arena