What move does the options market price into Iron Mountain's report?

Implied ±4.1%, either direction.

How often does Iron Mountain move more than the options market prices?

3 of the last 8 reports moved at least as far as the implied move.

IRMNYSEReal Estate Investment Trusts

Iron Mountain Inc (IRM) earnings date, market-implied expected move, and options open interest by expiry

115.16

−1.39 · −1.19%

post 115.16 0.00%

Closed16:00 ET

Open117.25Volume1.1MMkt cap$34.7BP/E81.67EPS1.41Div yield2.97%

Day115.00 – 117.257%52-wk76.03 – 133.6468%

IRM

Iron Mountain Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±4.1%implied · report alone

8Q avg ±5.5%·×0.74·cheap

110.44119.92

straddle ±4.8%

spot 115.18exp Nov 6ATM strike 115ATM straddle 6.47IV 67%

Nov 2 closereport share · term structure

Expected move

Inputs

Next report

Nov 4

before open · in 1 day

est.Q3 FY26

Calendar

Next report

Last report

+1.29%

vs ±5.8% implied · ×0.22

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

−1.83%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

1,174 managers

Top fund weight

3.89%

IRM weight · XLRE

N-PORTJun 30 '26

10 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Iron Mountain (IRM) is expected to report on Nov 4 before open (estimated date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±5.3%
avg realized: ±5.5%

Nov 6 '24Nov 6 '24confirmed±5.2%▼−8.98%×1.72

Feb 13 '25Feb 13 '25confirmed±5.1%▼−7.28%×1.42

May 1 '25May 1 '25confirmed±4.5%▲+2.43%×0.54

Aug 6 '25Aug 6 '25confirmed±5.8%▼−5.77%×0.99

Q3 FY25Nov 5 '25confirmed±4.3%▼−2.76%×0.64

Feb 12 '26Feb 12 '26confirmed±6.9%▲+5.77%×0.84

Q1 FY26Apr 30 '26confirmed±5.0%▲+10.02%×2.02

Q2 FY26Aug 5 '26confirmed±5.8%▲+1.29%×0.22

quarterimplied−15%0+15%realized×

Q2 FY26±5.8%▲+1.29%×0.22

Q1 FY26±5.0%▲+10.02%×2.02

Feb '26±6.9%▲+5.77%×0.84

Q3 FY25±4.3%▼−2.76%×0.64

Aug '25±5.8%▼−5.77%×0.99

May '25±4.5%▲+2.43%×0.54

2 older reports

Feb '25±5.1%▼−7.28%×1.42

Nov '24±5.2%▼−8.98%×1.72

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 10 expiries · Oct 30 close

0.34OI · 10 expiries · Oct 30 closeP/C open interest · Nov 6 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

200+15%Nov 63d592+2%

46+5%Nov 1310d0.8455−10%0.84

2,232−19%Nov 2017d0.524,268+1%0.52

27+575%Nov 2724d0.4067+123%0.40

16+33%Dec 431d2.676+100%2.67

5 later expiries

0—Dec 1138d—0——

1,921+1%Dec 1845d0.812,371−1%0.81

3,4880%Jan 1573d1.013,437+2%1.01

1,542+1%Mar 19136d1.451,064+3%1.45

70+3%Apr 16164d3.04230%3.04

ExpiryPutsCallsP/C

Nov 63d200+15%592+2%0.34

Nov 1310d46+5%55−10%0.84

Nov 2017d2,232−19%4,268+1%0.52

Nov 2724d27+575%67+123%0.40

Dec 431d16+33%6+100%2.67

5 later expiries

Dec 1138d0—0——

Dec 1845d1,921+1%2,371−1%0.81

Jan 1573d3,4880%3,437+2%1.01

Mar 19136d1,542+1%1,064+3%1.45

Apr 16164d70+3%230%3.04

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±4.8%

Funds 4

XLRE±0.2%

VNQ±0.1%

RSP±0.0%

VTV±0.0%

Dashed = straddleMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

5.23%as filednet margin · revenue +4.80% QoQ · +18.52% YoY

Revenue

$2.0B+4.80% QoQ

Gross profit

$1.1B+2.30% QoQ

52.76% margin

Operating income

$374M−5.49% QoQ

18.41% margin

Pre-tax income

$121M−31.35% QoQ

Net income

$106M−28.79% QoQ

5.23% margin

Cost of revenue

$959M+7.73% QoQ

Operating expenses

$697M+7.04% QoQ

SG&A $402M

Depreciation $281M

Other operating $2M

Other operating $12M

Other expense

$253M

Tax

$15M−45.42% QoQ

Revenue$2.0B+4.80%

Gross profit

$1.1B+2.30%

52.76% margin

Operating income

$374M−5.49%

18.41% margin

Pre-tax income

$121M−31.35%

Net income

$106M−28.79%

5.23% margin

Cost of revenue

$959M+7.73%

Operating expenses

$697M+7.04%

SG&A $402M

Depreciation $281M

Other operating $2M

Other expense

$253M

Tax$15M−45.42%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 2 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mVolume ×0.53 · 20d avgSource: market data · 16:00 ET

Intraday

Event sensitivity

NFP ×1.49· ±2.1% vs ±1.4% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±2.1%5 of 10×1.49

CPIconsumer prices±1.7%6 of 10×1.21

GDPgross domestic product±1.5%10 of 19×1.04

FOMCrate decision±1.5%14 of 24×1.03

PCEpersonal income & outlays±1.3%12 of 19×0.96

PPIproducer prices±1.3%4 of 10×0.89

CPROFcorporate profits±0.7%6 of 12×0.47

Bar = avg |move| to ±3% · tick = ±1.4% avg day · ×base = |move| ÷ ±1.4% · min 6 releases

Earnings history

EPS 0.34 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 5 '26 · confirmed	0.34	—
Q1 FY26	Apr 30 '26 · confirmed	0.48	—
Q3 FY25	Nov 5 '25 · confirmed	0.28	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod