(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.
Income Statement
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $2.16B | $2.14B | $2.07B | - | $2.17B | $2.18B | $2.16B | - | $2.27B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | $1.13B | $1.12B | $1.08B | - | $1.16B | $1.17B | $1.14B | - | $1.23B |
| R&D | - | $62.00M | $56.00M | $73.00M | - | $68.00M | $71.00M | $86.00M | - | $72.00M |
| SG&A | - | $119.00M | $166.00M | $122.00M | - | $138.00M | $108.00M | $115.00M | - | $119.00M |
| Total Operating Expenses | - | $1.67B | $1.77B | $1.68B | - | $5.07B | $1.67B | $1.73B | - | $1.71B |
| D&A | - | $110.00M | $90.00M | $113.00M | - | $113.00M | $115.00M | $116.00M | - | $94.00M |
| Operating Income | - | $493.00M | $365.00M | $387.00M | - | ($2.90B) | $505.00M | $437.00M | - | $564.00M |
| Interest Expense | - | $115.00M | $126.00M | $129.00M | - | $134.00M | $102.00M | $104.00M | - | $106.00M |
| Income Tax | - | $91.00M | $59.00M | $65.00M | - | ($39.00M) | $89.00M | $80.00M | - | $92.00M |
| Net Income | - | $297.00M | $304.00M | $204.00M | - | ($2.46B) | $316.00M | $265.00M | - | $363.00M |
| EPS - Basic | - | $0.88 | $0.61 | $0.60 | - | ($8.74) | $0.08 | $0.07 | - | $0.09 |
| EPS - Diluted | - | $0.84 | $0.57 | $0.59 | - | ($8.74) | $0.08 | $0.07 | - | $0.09 |
Balance Sheet
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $94.00M | $79.00M | $92.00M | $127.00M | $162.00M | $127.00M | $100.00M | $71.00M | $216.00M | $53.00M |
| Accounts Receivable | $671.00M | $599.00M | $571.00M | $519.00M | $596.00M | $593.00M | $553.00M | $539.00M | $616.00M | $579.00M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $1.10B | $1.08B | $1.04B | $1.04B | $1.15B | $1.13B | $1.10B | $1.08B | $1.27B | $1.04B |
| Total Assets | $27.24B | $27.40B | $27.33B | $27.43B | $27.52B | $27.48B | $11.19B | $11.17B | $10.37B | $10.13B |
| Current Liabilities | $3.65B | $3.46B | $2.57B | $2.48B | $2.73B | $3.06B | $2.56B | $3.09B | $3.23B | $3.16B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $15.67B | $15.85B | $16.00B | $16.21B | $16.45B | $16.62B | $13.30B | $13.54B | $12.94B | $13.02B |
| Stockholders' Equity | $11.56B | $11.56B | $11.33B | $11.21B | $11.07B | $10.86B | ($2.11B) | ($2.37B) | ($2.56B) | ($2.89B) |
| Retained Earnings | $11.61B | $11.61B | $11.38B | $11.26B | $11.12B | $10.89B | ($2.11B) | ($2.37B) | ($2.57B) | ($2.89B) |
Cash Flow
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | $242.00M | - | - | - | $308.00M | - | - |
| Investing Cash Flow | - | - | - | ($235.00M) | - | - | - | ($363.00M) | - | - |
| Financing Cash Flow | - | - | - | ($42.00M) | - | - | - | ($90.00M) | - | - |
| CapEx | - | - | - | $189.00M | - | - | - | $174.00M | - | - |
| Free Cash Flow | - | - | - | $53.00M | - | - | - | $134.00M | - | - |
Ratios
| Metric | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 52.2% | 52.4% | 52.0% | - | 53.2% | 53.5% | 52.5% | - | 54.0% |
| Operating margin | - | 22.8% | 17.1% | 18.7% | - | -133.6% | 23.2% | 20.2% | - | 24.8% |
| EBITDA margin | - | 27.9% | 21.3% | 24.2% | - | -128.4% | 28.5% | 25.6% | - | 29.0% |
| Net margin | - | 13.8% | 14.2% | 9.9% | - | -113.1% | 14.5% | 12.3% | - | 16.0% |
| Free cash flow margin | - | - | - | 2.6% | - | - | - | 6.2% | - | - |
| FCF / Net income | - | - | - | 0.26 | - | - | - | 0.51 | - | - |
| R&D / Revenue | - | 2.9% | 2.6% | 3.5% | - | 3.1% | 3.3% | 4.0% | - | 3.2% |
| SG&A / Revenue | - | 5.5% | 7.8% | 5.9% | - | 6.4% | 5.0% | 5.3% | - | 5.2% |
| Effective tax rate | - | 23.5% | 16.3% | 24.2% | - | - | 22.0% | 23.2% | - | 20.2% |
| Return on assets | - | 1.1% | 1.1% | 0.7% | - | -8.9% | 2.8% | 2.4% | - | 3.6% |
| Return on equity | - | 2.6% | 2.7% | 1.8% | - | -22.6% | -15.0% | -11.2% | - | -12.5% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.30 | 0.31 | 0.41 | 0.42 | 0.42 | 0.37 | 0.43 | 0.35 | 0.39 | 0.33 |
| Quick ratio | 0.30 | 0.31 | 0.41 | 0.42 | 0.42 | 0.37 | 0.43 | 0.35 | 0.39 | 0.33 |
| Cash ratio | 0.03 | 0.02 | 0.04 | 0.05 | 0.06 | 0.04 | 0.04 | 0.02 | 0.07 | 0.02 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | 4.3x | 2.9x | 3.0x | - | -21.6x | 5.0x | 4.2x | - | 5.3x |
| Equity multiplier | 2.36 | 2.37 | 2.41 | 2.45 | 2.49 | 2.53 | -5.29 | -4.71 | -4.04 | -3.50 |
| Liabilities / Assets | 0.58 | 0.58 | 0.59 | 0.59 | 0.60 | 0.60 | 1.19 | 1.21 | 1.25 | 1.29 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.08 | 0.08 | 0.08 | - | 0.08 | 0.19 | 0.19 | - | 0.22 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | 101d | 97d | 92d | - | 100d | 93d | 91d | - | 93d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | -0.6% | -1.8% | -4.3% | - | -4.4% | -3.2% | 0.8% | - | -0.4% |
| Revenue CAGR (3y) | - | -1.8% | -1.7% | -1.8% | - | -0.4% | 0.3% | 1.7% | - | 3.9% |
| Revenue CAGR (5y) | - | 1.3% | 2.7% | 1.2% | - | 1.5% | 2.0% | 4.4% | - | 10.5% |
| Gross profit growth (YoY) | - | -2.4% | -3.9% | -5.3% | - | -5.8% | -2.8% | 0.6% | - | -1.8% |
| Operating income growth (YoY) | - | - | -27.7% | -11.4% | - | - | 5.4% | 6.1% | - | 20.8% |
| Net income growth (YoY) | - | - | -3.8% | -23.0% | - | - | 1.9% | 13.7% | - | 47.0% |
| EPS growth (YoY) | - | - | 612.5% | 742.9% | - | - | 0.0% | 16.7% | - | 50.0% |
| EPS CAGR (3y) | - | 141.0% | 101.2% | 94.6% | - | - | -7.2% | 11.9% | - | 14.5% |
| EPS CAGR (5y) | - | 69.5% | 62.7% | 53.2% | - | - | 5.9% | 18.5% | - | 5.2% |
| FCF growth (YoY) | - | - | - | -60.4% | - | - | - | -7.6% | - | - |
| FCF CAGR (5y) | - | - | - | -31.6% | - | - | - | -15.2% | - | - |
| Book value growth (YoY) | 4.4% | 6.4% | - | - | - | - | 32.1% | 27.3% | 23.5% | 20.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$8.56B totalSirius XM$6.42B · 75.0%
Pandora And Off Platform$2.14B · 25.0%
Product / service
$8.86B totalSubscription 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%
Peer comparison
Same SIC group: Radio Broadcasting Stations
Comparing SIRIUS XM HOLDINGS INC. against the 5 most active filers in the same SIC group.