NASDAQ : SIRI
Sirius XM Holdings Inc. — Financial statements
Communication Services · Entertainment · United States
Last price 29.01 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 9.76B
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Financial statements
Sirius XM Holdings Inc. (SIRI) reported revenue of 8.60B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 8.47B | 8.44B | 8.57B | 8.82B | 8.85B | 8.54B |
| Other Revenue | 122.00M | 122.00M | 128.00M | 136.00M | 150.00M | 146.00M |
| Revenue | 8.60B | 8.56B | 8.70B | 8.95B | 9.00B | 8.69B |
| Cost of Revenue | 4.51B | 4.53B | 4.50B | 4.57B | 4.48B | 4.29B |
| Gross Profit | 4.08B | 4.03B | 4.20B | 4.38B | 4.52B | 4.40B |
| Selling, General & Admin | 1.27B | 1.31B | 1.39B | 1.54B | 1.61B | 1.57B |
| Research & Development | 261.00M | 263.00M | 296.00M | 322.00M | 285.00M | 265.00M |
| Other Operating Expenses | 8.00M | 8.00M | 71.00M | 29.00M | -5.00M | |
| Operating Expenses | 2.17B | 2.13B | 2.34B | 2.51B | 2.51B | 2.36B |
| Operating Income | 1.92B | 1.90B | 1.86B | 1.87B | 2.01B | 2.04B |
| Interest Expense | -444.00M | -459.00M | -496.00M | -534.00M | -503.00M | -415.00M |
| Earnings From Equity Investments | -139.00M | -124.00M | -116.00M | -19.00M | -5.00M | |
| Other Non Operating Income (Expenses) | 139.00M | 163.00M | 246.00M | -52.00M | 85.00M | 9.00M |
| EBT Excluding Unusual Items | 1.47B | 1.48B | 1.50B | 1.27B | 1.59B | 1.63B |
| Merger & Restructuring Charges | -286.00M | -319.00M | -27.00M | -34.00M | -8.00M | -25.00M |
| Impairment of Goodwill | -2.82B | |||||
| Gain (Loss) on Sale of Investments | 2.00M | 5.00M | -530.00M | 5.00M | -10.00M | |
| Gain (Loss) on Sale of Assets | 4.00M | |||||
| Asset Writedown | -109.00M | -27.00M | -64.00M | -220.00M | ||
| Legal Settlements | -24.00M | |||||
| Other Unusual Items | 12.00M | -83.00M | ||||
| Pretax Income | 1.19B | 1.06B | -1.86B | 1.21B | 1.49B | 1.53B |
| Income Tax Expense | 289.00M | 251.00M | 210.00M | 222.00M | 368.00M | 212.00M |
| Earnings From Continuing Operations | 900.00M | 805.00M | -2.08B | 988.00M | 1.12B | 1.31B |
| Minority Interest in Earnings | 410.00M | -202.00M | -210.00M | |||
| Net Income | 900.00M | 805.00M | -1.67B | 786.00M | 908.00M | 1.31B |
| Net Income to Common | 900.00M | 805.00M | -1.67B | 786.00M | 908.00M | 1.31B |
| Shares Outstanding (Basic) | 337.25M | 338.00M | 338.00M | 339.00M | 347.00M | 406.20M |
| Shares Outstanding (Diluted) | 360.00M | 357.00M | 338.00M | 362.00M | 368.00M | 414.30M |
| EPS (Basic) | 2.67 | 2.38 | -4.93 | 2.32 | 2.62 | 3.23 |
| EPS (Diluted) | 2.56 | 2.23 | -4.93 | 2.32 | 2.39 | 3.19 |
| Free Cash Flow | 1.58B | 1.25B | 1.01B | 1.18B | 1.55B | 1.61B |
| Free Cash Flow Per Share | 4.40 | 3.49 | 3.00 | 3.26 | 4.23 | 3.89 |
| Dividend Per Share | 1.08 | 1.08 | 1.07 | 0.99 | 0.90 | 0.66 |
| Gross Margin | 47.49% | 47.04% | 48.29% | 48.98% | 50.22% | 50.60% |
| Operating Margin | 22.30% | 22.19% | 21.44% | 20.90% | 22.34% | 23.41% |
| Profit Margin | 10.47% | 9.41% | -19.14% | 8.78% | 10.09% | 15.12% |
| Free Cash Flow Margin | 18.44% | 14.55% | 11.64% | 13.17% | 17.27% | 18.52% |
| EBITDA | 2.54B | 2.45B | 2.44B | 2.50B | 2.62B | 2.57B |
| EBITDA Margin | 29.54% | 28.58% | 28.08% | 27.87% | 29.12% | 29.55% |
| D&A For EBITDA | 623.00M | 547.00M | 578.00M | 624.00M | 611.00M | 533.00M |
| EBIT | 1.92B | 1.90B | 1.86B | 1.87B | 2.01B | 2.04B |
| EBIT Margin | 22.30% | 22.19% | 21.44% | 20.90% | 22.34% | 23.41% |
| Effective Tax Rate | 24.31% | 23.77% | 18.35% | 24.76% | 13.89% | |
| Revenue as Reported | 8.60B | 8.56B | 8.70B | 8.95B | 9.00B | 8.70B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 210.00M | 94.00M | 162.00M | 306.00M | 57.00M | 191.00M |
| Cash & Short-Term Investments | 210.00M | 94.00M | 162.00M | 306.00M | 57.00M | 191.00M |
| Accounts Receivable | 693.00M | 717.00M | 652.00M | 672.00M | 655.00M | 688.00M |
| Other Receivables | 30.00M | 44.00M | 24.00M | 37.00M | 34.00M | |
| Receivables | 723.00M | 761.00M | 676.00M | 709.00M | 655.00M | 722.00M |
| Prepaid Expenses | 232.00M | 218.00M | 290.00M | 310.00M | 284.00M | 246.00M |
| Other Current Assets | 26.00M | 25.00M | 21.00M | 36.00M | 42.00M | 21.00M |
| Total Current Assets | 1.19B | 1.10B | 1.15B | 1.36B | 1.04B | 1.18B |
| Property, Plant & Equipment | 2.34B | 2.26B | 2.11B | 1.79B | 1.81B | 1.81B |
| Long-Term Investments | 844.00M | 941.00M | 1.04B | 715.00M | 334.00M | |
| Goodwill | 12.39B | 12.39B | 12.39B | 15.21B | 3.25B | 3.15B |
| Other Intangible Assets | 9.97B | 10.06B | 10.19B | 10.31B | 3.05B | 3.19B |
| Long-Term Deferred Tax Assets | 147.00M | 200.00M | ||||
| Other Long-Term Assets | 455.00M | 483.00M | 641.00M | 670.00M | 724.00M | 295.00M |
| Total Assets | 27.19B | 27.24B | 27.52B | 30.06B | 10.02B | 10.27B |
| Accounts Payable | 1.21B | 1.24B | 1.24B | 1.26B | 1.25B | 1.30B |
| Accrued Expenses | 109.00M | 171.00M | 172.00M | 174.00M | 165.00M | 173.00M |
| Current Portion of Long-Term Debt | 1.25B | 1.05B | 55.00M | 1.07B | 193.00M | |
| Current Portion of Leases | 14.00M | 51.00M | 54.00M | 51.00M | 53.00M | 49.00M |
| Current Unearned Revenue | 936.00M | 976.00M | 1.05B | 1.20B | 1.32B | 1.45B |
| Other Current Liabilities | 156.00M | 158.00M | 164.00M | 200.00M | 5.00M | |
| Total Current Liabilities | 3.67B | 3.65B | 2.73B | 3.95B | 2.98B | 2.98B |
| Long-Term Debt | 8.06B | 8.65B | 10.31B | 10.06B | 9.25B | 8.83B |
| Long-Term Leases | 178.00M | 230.00M | 296.00M | 302.00M | 329.00M | 362.00M |
| Long-Term Unearned Revenue | 93.00M | 92.00M | 82.00M | 88.00M | 81.00M | 97.00M |
| Long-Term Deferred Tax Liabilities | 2.31B | 2.24B | 2.22B | 2.41B | 565.00M | 478.00M |
| Other Long-Term Liabilities | 724.00M | 814.00M | 809.00M | 136.00M | 170.00M | 150.00M |
| Total Liabilities | 15.04B | 15.67B | 16.45B | 16.95B | 13.37B | 12.90B |
| Common Stock | 4.00M | 4.00M | ||||
| Additional Paid-In Capital | 61.00M | |||||
| Retained Earnings | 12.14B | 11.61B | 11.12B | 15.35B | -3.35B | -2.64B |
| Treasury Stock | -1.00M | -1.00M | -1.00M | -8.00M | ||
| Comprehensive Income & Other | -55.00M | -50.00M | -46.00M | -5.28B | -4.00M | 15.00M |
| Total Common Equity | 12.15B | 11.56B | 11.07B | 10.08B | -3.35B | -2.62B |
| Minority Interest | 3.03B | |||||
| Shareholders' Equity | 12.15B | 11.56B | 11.07B | 13.10B | -3.35B | -2.62B |
| Total Liabilities & Equity | 27.19B | 27.24B | 27.52B | 30.06B | 10.02B | 10.27B |
| Total Debt | 9.51B | 9.98B | 10.71B | 11.49B | 9.82B | 9.24B |
| Net Cash (Debt) | -9.30B | -9.89B | -10.55B | -11.18B | -9.77B | -9.05B |
| Net Cash Per Share | -25.82 | -27.70 | -31.22 | -30.90 | -26.54 | -21.85 |
| Filing Date Shares Outstanding | 336.49M | 334.77M | 338.77M | 384.25M | 389.05M | 394.79M |
| Total Common Shares Outstanding | 336.98M | 334.95M | 338.97M | 384.30M | 389.10M | 396.70M |
| Working Capital | -2.48B | -2.56B | -1.58B | -2.59B | -1.94B | -1.80B |
| Book Value Per Share | 36.05 | 34.52 | 32.67 | 26.22 | -8.61 | -6.62 |
| Tangible Book Value | -10.22B | -10.89B | -11.51B | -15.44B | -9.65B | -8.96B |
| Tangible Book Value Per Share | -30.32 | -32.52 | -33.94 | -40.18 | -24.80 | -22.59 |
| Land | 38.00M | |||||
| Buildings | 81.00M | |||||
| Machinery | 2.24B | 1.93B | 1.60B | 1.60B | 2.17B | |
| Construction In Progress | 667.00M | 565.00M | 988.00M | 538.00M | 156.00M | |
| Leasehold Improvements | 109.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 900.00M | 805.00M | -1.67B | 786.00M | 908.00M | 1.31B |
| Depreciation & Amortization | 664.00M | 589.00M | 622.00M | 669.00M | 660.00M | 583.00M |
| Other Amortization | 21.00M | |||||
| Asset Writedown & Restructuring Costs | 119.00M | 228.00M | 2.82B | 26.00M | 65.00M | 24.00M |
| Loss (Gain) From Sale of Investments | 536.00M | -5.00M | ||||
| Loss (Gain) on Equity Investments | 139.00M | 124.00M | 116.00M | 19.00M | 5.00M | 20.00M |
| Stock-Based Compensation | 179.00M | 179.00M | 200.00M | 203.00M | 209.00M | 202.00M |
| Provision & Write-off of Bad Debts | 53.00M | |||||
| Other Operating Activities | 127.00M | 62.00M | -628.00M | 295.00M | 474.00M | 197.00M |
| Change in Accounts Receivable | -4.00M | -84.00M | -128.00M | -148.00M | -28.00M | -108.00M |
| Change in Accounts Payable | 71.00M | 59.00M | 19.00M | 98.00M | -163.00M | 104.00M |
| Change in Unearned Revenue | -65.00M | -64.00M | -150.00M | -119.00M | -149.00M | -287.00M |
| Change in Other Net Operating Assets | -120.00M | |||||
| Operating Cash Flow | 2.13B | 1.90B | 1.74B | 1.83B | 1.98B | 2.00B |
| Capital Expenditures | -545.00M | -653.00M | -728.00M | -650.00M | -426.00M | -388.00M |
| Cash Acquisitions | -136.00M | -14.00M | ||||
| Investment in Securities | 66.00M | -25.00M | ||||
| Other Investing Activities | -123.00M | -94.00M | -242.00M | -46.00M | 3.00M | 227.00M |
| Investing Cash Flow | -668.00M | -747.00M | -970.00M | -696.00M | -493.00M | -200.00M |
| Long-Term Debt Issued | 1.46B | 3.21B | 2.68B | 2.90B | 5.62B | |
| Long-Term Debt Repaid | -2.14B | -3.91B | -3.78B | -2.64B | -5.33B | |
| Net Debt Issued (Repaid) | -805.00M | -679.00M | -709.00M | -1.10B | 261.00M | 286.00M |
| Issuance of Common Stock | 10.00M | |||||
| Repurchase of Common Stock | -162.00M | -169.00M | -50.00M | -338.00M | -794.00M | -1.63B |
| Common Dividends Paid | -364.00M | -365.00M | -92.00M | -268.00M | ||
| Other Financing Activities | -6.00M | -65.00M | 251.00M | -1.19B | -84.00M | |
| Financing Cash Flow | -1.33B | -1.22B | -916.00M | -1.19B | -1.72B | -1.68B |
| Net Cash Flow | 131.00M | -68.00M | -145.00M | -55.00M | -236.00M | 116.00M |
| Free Cash Flow | 1.58B | 1.25B | 1.01B | 1.18B | 1.55B | 1.61B |
| Free Cash Flow Margin | 18.44% | 14.55% | 11.64% | 13.17% | 17.27% | 18.52% |
| Free Cash Flow Per Share | 4.40 | 3.49 | 3.00 | 3.26 | 4.23 | 3.89 |
| Levered Free Cash Flow | 1.26B | 926.00M | 813.62M | 1.07B | 1.20B | 1.15B |
| Unlevered Free Cash Flow | 1.54B | 1.21B | 1.12B | 1.41B | 1.51B | 1.39B |
| Cash Interest Paid | 384.00M | 439.00M | 473.00M | 507.00M | 487.00M | |
| Cash Income Tax Paid | 89.00M | 156.00M | 218.00M | 165.00M | 136.00M | |
| Change in Working Capital | 2.00M | -89.00M | -259.00M | -169.00M | -340.00M | -411.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.95B | 6.73B | 7.73B | 21.01B | 22.71B | 25.40B |
| Enterprise Value | 19.25B | 16.96B | 18.33B | 30.64B | 32.83B | 34.48B |
| Last Close Price | 29.57 | 19.37 | 21.05 | 48.86 | 51.04 | 52.74 |
| PE Ratio | 11.53 | 8.36 | 26.73 | 25.02 | 19.33 | |
| Forward PE | 9.36 | 6.55 | 26.55 | 17.86 | 17.52 | 21.34 |
| PS Ratio | 1.16 | 0.79 | 0.89 | 2.35 | 2.52 | 2.92 |
| PB Ratio | 0.82 | 0.58 | 0.70 | 1.60 | -6.78 | -9.68 |
| P/FCF Ratio | 6.28 | 5.41 | 7.63 | 17.82 | 14.61 | 15.77 |
| P/OCF Ratio | 4.67 | 3.55 | 4.44 | 11.49 | 11.47 | 12.71 |
| PEG Ratio | 0.39 | 0.28 | 0.53 | 3.07 | 2.73 | 2.18 |
| EV/Sales Ratio | 2.24 | 1.98 | 2.11 | 3.42 | 3.65 | 3.97 |
| EV/EBITDA Ratio | 7.58 | 6.93 | 7.50 | 12.28 | 12.52 | 13.43 |
| EV/EBIT Ratio | 10.04 | 8.93 | 9.83 | 16.38 | 16.33 | 16.94 |
| EV/FCF Ratio | 12.14 | 13.62 | 18.10 | 25.99 | 21.12 | 21.41 |
| Debt / Equity Ratio | 0.78 | 0.86 | 0.97 | 0.88 | -2.93 | -3.52 |
| Debt / EBITDA Ratio | 3.67 | 3.99 | 4.28 | 4.50 | 3.64 | 3.50 |
| Debt / FCF Ratio | 6.00 | 8.02 | 10.58 | 9.75 | 6.32 | 5.74 |
| Net Debt / Equity Ratio | 0.77 | 0.85 | 0.95 | 0.85 | -2.91 | -3.45 |
| Net Debt / EBITDA Ratio | 3.66 | 4.04 | 4.32 | 4.48 | 3.72 | 3.52 |
| Net Debt / FCF Ratio | 5.87 | 7.94 | 10.42 | 9.49 | 6.28 | 5.62 |
| Asset Turnover | 0.32 | 0.31 | 0.30 | 0.45 | 0.89 | 0.84 |
| Quick Ratio | 0.25 | 0.23 | 0.31 | 0.26 | 0.24 | 0.31 |
| Current Ratio | 0.33 | 0.30 | 0.42 | 0.34 | 0.35 | 0.40 |
| Return on Equity (ROE) | 7.59% | 7.11% | -17.17% | 20.27% | ||
| Return on Assets (ROA) | 4.39% | 4.33% | 4.05% | 5.83% | 12.38% | 12.34% |
| Return on Invested Capital (ROIC) | 6.78% | 6.72% | 8.12% | 9.75% | 21.11% | 24.24% |
| Return on Capital Employed (ROCE) | 8.20% | 8.10% | 7.50% | 7.20% | 28.60% | 27.90% |
| Earnings Yield | 8.67% | 11.96% | -21.53% | 3.74% | 4.00% | 5.17% |
| FCF Yield | 15.93% | 18.50% | 13.10% | 5.61% | 6.85% | 6.34% |
| Dividend Yield | 3.65% | 5.38% | 4.68% | 1.81% | 1.54% | 1.03% |
| Payout Ratio | 42.12% | 45.34% | 20.40% | |||
| Buyback Yield / Dilution | -1.98% | -5.62% | 6.63% | 1.63% | 11.18% | 6.46% |
| Total Shareholder Return | 1.67% | -0.24% | 11.31% | 3.44% | 12.72% | 7.49% |