Iron Mountain annual revenue 2010-2023

In 2023, Iron Mountain generated more than 5.4 billion U.S. dollars in revenue, an increase of over seven percent on the previous year. Founded in 1951, Boston-based Iron Mountain is an enterprise information management services company operating across the globe.

From mushrooms to document management

Iron Mountain boasts a colorful history, tracing its origins to a 1930s mushroom farm. Founder Herman Knaust had located his farm in a former iron ore mine in Kingston, New York. By the 1950s, Knaust had identified the growing need for secure document storage amid mounting Cold War threats, and so converted his farm to a secure, bomb-resistant storage facility. The company has since expanded across the globe, employing over 24,000 individuals, and ranking among the world’s largest real estate investment trusts (REITs).

Iron Mountain expands to digital assets

Over time, Iron Mountain has expanded its business to meet evolving client needs, and as such offers the handling of not only physical documents but of all forms of sensitive digital data. In 2013, the company launched a data center business to provide hyperscale and colocation services to enterprise clients. This segment generated half a billion U.S. dollars in 2023, or around nine percent of the firm’s total revenue.