LSXMA · Liberty Media Corp - 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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $711.00M | - | $1.08B | $1.34B | $447.00M | - | $911.00M | $3.17B | $2.75B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $122.00M | - | $140.00M | $118.00M | $104.00M | - | $116.00M | $454.00M | $465.00M | - |
| Total Operating Expenses | $647.00M | - | $936.00M | $1.07B | $518.00M | - | $804.00M | $2.64B | $2.25B | - |
| D&A | $112.00M | - | $118.00M | $80.00M | $77.00M | - | $88.00M | $245.00M | $241.00M | - |
| Operating Income | $64.00M | - | $149.00M | $273.00M | ($71.00M) | - | $107.00M | $528.00M | $502.00M | - |
| Interest Expense | $68.00M | - | $86.00M | $57.00M | $62.00M | - | $62.00M | $186.00M | $191.00M | - |
| Income Tax | $5.00M | - | $10.00M | $24.00M | ($29.00M) | - | $3.00M | $116.00M | $71.00M | - |
| Net Income | $57.00M | - | $13.00M | $204.00M | $5.00M | - | ($2.37B) | $457.00M | $203.00M | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.33B | $1.05B | $1.59B | $3.45B | $3.15B | $2.96B | $3.05B | $2.08B | $1.67B | $2.02B |
| Accounts Receivable | $262.00M | $115.00M | $303.00M | $144.00M | $144.00M | $114.00M | $122.00M | $826.00M | $789.00M | $832.00M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $1.96B | $1.37B | $2.36B | $4.10B | $3.67B | $3.35B | $3.68B | $3.64B | $3.19B | $3.38B |
| Total Assets | $15.89B | $15.40B | $17.82B | $13.82B | $13.29B | $12.95B | $13.21B | $42.63B | $42.41B | $41.17B |
| Current Liabilities | $1.45B | $939.00M | $3.53B | $3.10B | $1.45B | $1.13B | $1.27B | $4.47B | $4.87B | $4.74B |
| Long-term Debt | $4.97B | $5.05B | $5.12B | $3.00B | $4.53B | $4.52B | $4.29B | $14.34B | $14.26B | $14.18B |
| Total Liabilities | $7.49B | $6.95B | $9.73B | $6.46B | $6.23B | $5.90B | $5.75B | $22.43B | $22.76B | $21.72B |
| Stockholders' Equity | $7.73B | $7.76B | $7.38B | $7.34B | $7.04B | $7.03B | $7.44B | $17.06B | $16.55B | $16.40B |
| Retained Earnings | $7.84B | $7.79B | $7.44B | $7.42B | $7.18B | $7.18B | $7.52B | $15.72B | $15.27B | $15.06B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $357.00M | - | - | - | $131.00M | - | - | - | $395.00M | - |
| Investing Cash Flow | ($25.00M) | - | - | - | ($296.00M) | - | - | - | ($650.00M) | - |
| Financing Cash Flow | ($13.00M) | - | - | - | ($9.00M) | - | - | - | ($82.00M) | - |
| CapEx | $20.00M | - | - | - | $33.00M | - | - | - | $201.00M | - |
| Free Cash Flow | $337.00M | - | - | - | $98.00M | - | - | - | $194.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 9.0% | - | 13.7% | 20.4% | -15.9% | - | 11.7% | 16.7% | 18.3% | - |
| EBITDA margin | 24.8% | - | 24.6% | 26.3% | 1.3% | - | 21.4% | 24.4% | 27.0% | - |
| Net margin | 8.0% | - | 1.2% | 15.2% | 1.1% | - | -259.9% | 14.4% | 7.4% | - |
| Free cash flow margin | 47.4% | - | - | - | 21.9% | - | - | - | 7.1% | - |
| FCF / Net income | 5.91 | - | - | - | 19.60 | - | - | - | 0.96 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 17.2% | - | 12.9% | 8.8% | 23.3% | - | 12.7% | 14.3% | 16.9% | - |
| Effective tax rate | 8.1% | - | 43.5% | 10.5% | - | - | - | 20.2% | 25.9% | - |
| Return on assets | 0.4% | - | 0.1% | 1.5% | 0.0% | - | -17.9% | 1.1% | 0.5% | - |
| Return on equity | 0.7% | - | 0.2% | 2.8% | 0.1% | - | -31.8% | 2.7% | 1.2% | - |
| Return on invested capital | 0.5% | - | 0.7% | 2.4% | -0.5% | - | 0.7% | 1.3% | 1.2% | - |
| Liquidity | ||||||||||
| Current ratio | 1.35 | 1.46 | 0.67 | 1.32 | 2.54 | 2.95 | 2.89 | 0.81 | 0.66 | 0.71 |
| Quick ratio | 1.35 | 1.46 | 0.67 | 1.32 | 2.54 | 2.95 | 2.89 | 0.81 | 0.66 | 0.71 |
| Cash ratio | 0.92 | 1.12 | 0.45 | 1.11 | 2.18 | 2.61 | 2.40 | 0.47 | 0.34 | 0.43 |
| Leverage | ||||||||||
| Debt / Equity | 0.64 | 0.65 | 0.69 | 0.41 | 0.64 | 0.64 | 0.58 | 0.84 | 0.86 | 0.86 |
| Debt / Assets | 0.31 | 0.33 | 0.29 | 0.22 | 0.34 | 0.35 | 0.32 | 0.34 | 0.34 | 0.34 |
| Debt / EBITDA | 28.23 | - | 19.18 | 8.49 | 755.67 | - | 21.99 | 18.55 | 19.19 | - |
| Interest coverage | 0.9x | - | 1.7x | 4.8x | -1.1x | - | 1.7x | 2.8x | 2.6x | - |
| Equity multiplier | 2.06 | 1.99 | 2.42 | 1.88 | 1.89 | 1.84 | 1.78 | 2.50 | 2.56 | 2.51 |
| Liabilities / Assets | 0.47 | 0.45 | 0.55 | 0.47 | 0.47 | 0.46 | 0.44 | 0.53 | 0.54 | 0.53 |
| Efficiency | ||||||||||
| Asset turnover | 0.04 | - | 0.06 | 0.10 | 0.03 | - | 0.07 | 0.07 | 0.06 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 135d | - | 102d | 39d | 118d | - | 49d | 95d | 105d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 59.1% | - | 19.1% | -57.6% | -83.7% | - | -71.6% | -2.4% | 7.6% | - |
| Revenue CAGR (3y) | -34.7% | - | -30.6% | -25.6% | -44.2% | - | -33.5% | 3.3% | 6.8% | - |
| Revenue CAGR (5y) | -20.6% | - | -16.9% | -6.8% | -26.0% | - | -20.4% | 2.5% | 6.4% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | 39.3% | -48.3% | - | - | -83.0% | 1.0% | 47.6% | - |
| Net income growth (YoY) | 1040.0% | - | - | -55.4% | -97.5% | - | - | 80.6% | 1253.3% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 243.9% | - | - | - | -49.5% | - | - | - | -48.9% | - |
| FCF CAGR (5y) | -3.7% | - | - | - | -26.9% | - | - | - | -18.4% | - |
| Book value growth (YoY) | 9.9% | 10.4% | -0.8% | -57.0% | -57.5% | -57.1% | -54.2% | 4.8% | 3.7% | 2.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$4.20B totalFormula One$3.87B · 92.3%
Motogp$325.00M · 7.7%
Product / service
$7.57B totalMotorsport$4.11B · 54.2%
Primary$3.09B · 40.8%
Product Service Or Other$377.00M · 5.0%
Geographic
$4.48B totalGB$3.78B · 84.4%
US$378.00M · 8.4%
ES$310.00M · 6.9%
Other Country Other Than Us And Uk$12.00M · 0.3%
Peer comparison
Same SIC group: Television Broadcasting Stations
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| NXST | $4.95B | 2.2% | 5.3% |
| PARAA,PARA | - | - | - |
| SSP | $2.15B | 6.8% | 11.7% |
| GTN | $3.10B | -2.7% | -3.9% |
| TGNA | $2.71B | 8.1% | 7.0% |
Comparing Liberty Media Corp against the 5 most active filers in the same SIC group.