Iron Mountain(US:IRM)2025-05-01 11:17Financial Performance - Iron Mountain reported Q1 2025 revenue of $1.593 billion, an increase of 8% year-over-year, or 9% excluding FX[38] - Adjusted EBITDA for Q1 2025 was $580 million, up 12% year-over-year, or 13% excluding FX, with a margin of 36.4%[38] - AFFO for Q1 2025 reached $348 million, an 8% increase year-over-year, or 10% excluding FX, with AFFO per share at $1.17, a 6% increase, or 9% excluding FX[38] - The company is increasing its full year 2025 revenue guidance to $6.74 billion - $6.89 billion, representing approximately 11% year-over-year growth[40] - The company is increasing its full year 2025 Adjusted EBITDA guidance to $2.505 billion - $2.555 billion, representing approximately 13% year-over-year growth[40] - The company is increasing its full year 2025 AFFO guidance to $1.480 billion - $1.510 billion, representing approximately 11% year-over-year growth[40] Business Segments and Strategy - Iron Mountain's total addressable market is over $150 billion[8] - The company's Matterhorn strategy focuses on accelerating enterprise growth through investments in large and growing global markets and leveraging its commercial platform[14] - Growth businesses, including Data Center, Digital Solutions, and ALM, are estimated to reach 28% of total revenue in 2025, up from 15% in 2021[21] - The company plans to invest approximately $1.8 billion in growth capital in 2025[41] - Iron Mountain has ample liquidity of $2.1 billion as of March 31, 2025 to support growth investments[41]