(SIRI) · Sirius Xm Holdings Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$8.56B	$8.70B	$8.95B	$9.00B	$8.70B	$8.04B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	$4.49B	$4.62B	$4.79B	$4.92B	$4.77B	$4.50B
R&D	$263.00M	$296.00M	$322.00M	$285.00M	$265.00M	$263.00M
SG&A	$549.00M	$497.00M	$550.00M	$525.00M	$514.00M	$511.00M
Total Operating Expenses	$7.09B	$10.22B	$7.01B	$6.97B	$6.68B	$7.18B
D&A	$422.00M	$445.00M	$410.00M	$380.00M	$379.00M	$354.00M
Operating Income	$1.47B	($1.52B)	$1.95B	$2.04B	$2.02B	$858.00M
Interest Expense	$459.00M	$496.00M	$423.00M	$422.00M	$415.00M	$394.00M
Income Tax	$251.00M	$210.00M	$260.00M	$392.00M	$212.00M	$299.00M
Net Income	$805.00M	($1.67B)	$1.26B	$1.21B	$1.31B	$131.00M
EPS - Basic	$2.38	($6.14)	$0.33	$0.31	$0.32	$0.03
EPS - Diluted	$2.23	($6.14)	$0.32	$0.31	$0.32	$0.03

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$94.00M	$162.00M	$216.00M	$57.00M	$191.00M	$71.00M
Accounts Receivable	$671.00M	$596.00M	$616.00M	$574.00M	$626.00M	$559.00M
Inventory	-	-	-	-	-	$10.00M
Accounts Payable	-	-	-	-	-	-
Current Assets	$1.10B	$1.15B	$1.27B	$1.04B	$1.18B	$967.00M
Total Assets	$27.24B	$27.52B	$10.37B	$10.02B	$10.27B	$10.33B
Current Liabilities	$3.65B	$2.73B	$3.23B	$2.98B	$2.98B	$3.17B
Long-term Debt	-	-	-	-	-	-
Total Liabilities	$15.67B	$16.45B	$12.94B	$13.37B	$12.90B	$12.62B
Stockholders' Equity	$11.56B	$11.07B	($2.56B)	($3.35B)	($2.63B)	($2.29B)
Retained Earnings	$11.61B	$11.12B	($2.57B)	($3.35B)	($2.64B)	($2.29B)

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$1.90B	$1.74B	$1.85B	$1.98B	$2.00B	$2.02B
Investing Cash Flow	($747.00M)	($970.00M)	($686.00M)	($548.00M)	($200.00M)	($741.00M)
Financing Cash Flow	($1.22B)	($916.00M)	($1.00B)	($1.56B)	($1.68B)	($1.31B)
CapEx	$653.00M	$728.00M	$650.00M	$426.00M	$388.00M	$350.00M
Free Cash Flow	$1.25B	$1.01B	$1.20B	$1.55B	$1.61B	$1.67B

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	52.4%	53.1%	53.5%	54.6%	54.9%	56.0%
Operating margin	17.2%	-17.4%	21.7%	22.6%	23.2%	10.7%
EBITDA margin	22.1%	-12.3%	26.3%	26.8%	27.5%	15.1%
Net margin	9.4%	-19.1%	14.1%	13.5%	15.1%	1.6%
Free cash flow margin	14.5%	11.6%	13.4%	17.2%	18.5%	20.7%
FCF / Net income	1.55	-0.61	0.95	1.28	1.23	12.73
R&D / Revenue	3.1%	3.4%	3.6%	3.2%	3.0%	3.3%
SG&A / Revenue	6.4%	5.7%	6.1%	5.8%	5.9%	6.4%
Effective tax rate	23.8%	-	17.1%	24.4%	13.9%	69.5%
Return on assets	3.0%	-6.0%	12.1%	12.1%	12.8%	1.3%
Return on equity	7.0%	-15.0%	-49.0%	-36.2%	-50.1%	-5.7%
Return on invested capital	-	-	-	-	-	-
Liquidity
Current ratio	0.30	0.42	0.39	0.35	0.40	0.31
Quick ratio	0.30	0.42	0.39	0.35	0.40	0.30
Cash ratio	0.03	0.06	0.07	0.02	0.06	0.02
Leverage
Debt / Equity	-	-	-	-	-	-
Debt / Assets	-	-	-	-	-	-
Debt / EBITDA	-	-	-	-	-	-
Interest coverage	3.2x	-3.1x	4.6x	4.8x	4.9x	2.2x
Equity multiplier	2.36	2.49	-4.04	-2.99	-3.91	-4.52
Liabilities / Assets	0.58	0.60	1.25	1.33	1.26	1.22
Efficiency
Asset turnover	0.31	0.32	0.86	0.90	0.85	0.78
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	29d	25d	25d	23d	26d	25d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	-	-	-	-	-	-
P / B	-	-	-	-	-	-
P / S	-	-	-	-	-	-
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	-1.6%	-2.8%	-0.6%	3.5%	8.2%	3.2%
Revenue CAGR (3y)	-1.7%	0.0%	3.7%	4.9%	20.1%	14.0%
Revenue CAGR (5y)	1.3%	2.2%	12.3%	10.7%	11.6%	16.2%
Gross profit growth (YoY)	-2.8%	-3.6%	-2.6%	3.1%	5.9%	2.1%
Operating income growth (YoY)	-	-	-4.4%	1.0%	134.8%	-47.9%
Net income growth (YoY)	-	-	3.7%	-7.7%	903.1%	-85.7%
EPS growth (YoY)	-	-	3.2%	-3.1%	966.7%	-85.0%
EPS CAGR (3y)	93.0%	-	120.1%	15.7%	7.2%	-40.2%
EPS CAGR (5y)	136.7%	-	4.2%	17.2%	16.4%	-19.7%
FCF growth (YoY)	22.9%	-15.6%	-22.6%	-3.7%	-3.5%	0.8%
FCF CAGR (5y)	-5.7%	-9.3%	-2.5%	-0.2%	1.2%	8.5%
Book value growth (YoY)	4.4%	-	23.5%	-27.7%	-14.9%	-210.5%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$8.56B total

Sirius XM$6.42B · 75.0%

Pandora And Off Platform$2.14B · 25.0%

Product / service

$8.86B total

Subscription And Circulation$6.49B · 73.2%

Advertising$1.77B · 20.0%

Other Revenue Excluding Share Based Compensation$300.00M · 3.4%

Cost Of Sales Equipment Products And Services$178.00M · 2.0%

Other Revenue$122.00M · 1.4%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

1.09

Distress

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

4/9

Neutral

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
-Long-term debt decreased
✗Current ratio improved
✗No share dilution
✗Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Radio Broadcasting Stations

Company	Revenue (last FY)	Net margin	ROE
TSQ	$427.38M	-2.7%	28.1%
BBGI	$205.94M	-95.4%	398.4%
IHRT	$3.86B	-12.2%	25.9%
SGA	-	-	-5.2%
MDIA	$133.34M	-50.0%	-144.0%

Comparing SIRIUS XM HOLDINGS INC. against the 5 most active filers in the same SIC group.