Sirius XM Holdings Inc. (SIRI) financial statements: income statement, balance sheet and cash flow
Sirius XM Holdings Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Sirius XM Holdings Inc. reported revenue of $8.6B (-1.6% year on year) and net income of $805.0M (+138.8% year on year).
Income statement
Sirius XM Holdings Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenue
$8.6B
$8.7B
$9.0B
$9.0B
Cost of services
$4.1B
$4.1B
$4.2B
$4.1B
Subscriber acquisition costs
$414.0M
$369.0M
$359.0M
$352.0M
Sales and marketing
$760.0M
$894.0M
$931.0M
$1.1B
Product and technology
$263.0M
$296.0M
$322.0M
$285.0M
General and administrative
$549.0M
$497.0M
$550.0M
$525.0M
Depreciation and amortization
$547.0M
$578.0M
$554.0M
$536.0M
Impairment, restructuring and other costs
$436.0M
$3.5B
$82.0M
$64.0M
Total operating expenses
$7.1B
$10.2B
$7.0B
$7.0B
Income (loss) from operations
$1.5B
($1.5B)
$1.9B
$2.0B
Interest expense
($459.0M)
($496.0M)
($423.0M)
($422.0M)
Gain on extinguishment of debt
$0
$12.0M
$0
$0
Other income (expense), net
$44.0M
$136.0M
($5.0M)
($9.0M)
Total other expense
($415.0M)
($348.0M)
($428.0M)
($431.0M)
Income (loss) before income taxes
$1.1B
($1.9B)
$1.5B
$1.6B
Income tax expense
($251.0M)
($210.0M)
($260.0M)
($392.0M)
Net income (loss)
$805.0M
($2.1B)
—
—
Less net income (loss) attributable to noncontrolling interests
$0
($410.0M)
—
—
Net income (loss) attributable to Sirius XM Holdings Inc.
$805.0M
($1.7B)
—
—
Basic (in USD per share)
$2.38
-$6.14
$0.33
$0.31
Diluted (in USD per share)
$2.23
-$6.14
$0.32
$0.31
Basic (in shares)
338.0M
338.0M
3.9B
3.9B
Diluted (in shares)
357.0M
338.0M
3.9B
4.0B
Sirius XM Holdings Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenue
$2.2B
$2.1B
$2.2B
$2.1B
Cost of services
$1.0B
$1.0B
$1.0B
$1.0B
Subscriber acquisition costs
$109.0M
$100.0M
$107.0M
$107.0M
Sales and marketing
$188.0M
$187.0M
$186.0M
$185.0M
Product and technology
$56.0M
$69.0M
$62.0M
$56.0M
General and administrative
$136.0M
$122.0M
$119.0M
$166.0M
Depreciation and amortization
$165.0M
$151.0M
$141.0M
$121.0M
Impairment, restructuring and other costs
$6.0M
$6.0M
$9.0M
$107.0M
Total operating expenses
$1.7B
$1.6B
$1.7B
$1.8B
Income from operations
$472.0M
$454.0M
$493.0M
$365.0M
Interest expense
($112.0M)
($112.0M)
($115.0M)
($116.0M)
Other (expense) income, net
($48.0M)
($16.0M)
$10.0M
$15.0M
Total other expense
($160.0M)
($128.0M)
($105.0M)
($101.0M)
Income before income taxes
$312.0M
$326.0M
$388.0M
$264.0M
Income tax expense
($73.0M)
($81.0M)
($91.0M)
($59.0M)
Net income
$239.0M
$245.0M
$297.0M
$205.0M
Basic (in USD per share)
$0.71
$0.73
$0.88
$0.61
Diluted (in USD per share)
$0.70
$0.72
$0.84
$0.57
Basic (in shares)
337.0M
336.0M
337.0M
338.0M
Diluted (in shares)
342.0M
338.0M
356.0M
357.0M
Balance sheet
Sirius XM Holdings Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$94.0M
$162.0M
$216.0M
$57.0M
Receivables, net
$786.0M
$697.0M
$745.0M
$655.0M
Prepaid expenses and other current assets
$218.0M
$290.0M
$310.0M
$284.0M
Total current assets
$1.1B
$1.1B
$1.3B
$1.0B
Property and equipment, net
$2.3B
$2.1B
$1.8B
$1.5B
FCC licenses
$8.6B
$8.6B
—
—
Other intangible assets, net
$1.5B
$1.6B
—
—
Goodwill
$12.4B
$12.4B
$3.2B
$3.2B
Equity method investments
$941.0M
$1.0B
—
—
Other long-term assets
$483.0M
$641.0M
$264.0M
$236.0M
Total assets
$27.2B
$27.5B
$10.4B
$10.0B
Accounts payable and accrued expenses
$1.3B
$1.3B
$1.3B
$1.2B
Accrued interest
$171.0M
$172.0M
$166.0M
$165.0M
Current portion of deferred revenue
$976.0M
$1.1B
$1.2B
$1.3B
Current maturities of debt
$1.1B
$61.0M
$505.0M
$196.0M
Other current liabilities
$158.0M
$164.0M
—
—
Total current liabilities
$3.7B
$2.7B
$3.2B
$3.0B
Long-term deferred revenue
$92.0M
$82.0M
$88.0M
$81.0M
Long-term debt, including $579 and $594 measured at fair value at December 31, 2025 and December 31, 2024, respectively (Note 12)
$8.6B
$10.3B
$8.7B
$9.3B
Deferred tax liabilities
$2.2B
$2.2B
$509.0M
$565.0M
Other long-term liabilities
$1.0B
$1.1B
$134.0M
$170.0M
Total liabilities
$15.7B
$16.4B
$12.9B
$13.4B
Common stock, par value $0.001 per share; 900 shares authorized; 335 and 339 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively
$0.00
$0.00
$4000000.00
$4000000.00
Accumulated other comprehensive loss, net of tax
($50.0M)
($46.0M)
$3.0M
($4.0M)
Additional paid-in capital
$0
$0
—
—
Treasury stock, at cost; 45 thousand and 26 thousand shares of common stock at December 31, 2025 and December 31, 2024, respectively
-1.0M
-1.0M
—
—
Retained earnings
$11.6B
$11.1B
($2.6B)
($3.4B)
Total stockholders’ equity
$11.6B
$11.1B
($2.6B)
($3.4B)
Total liabilities and stockholders’ equity
$27.2B
$27.5B
$10.4B
$10.0B
Sirius XM Holdings Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$174.0M
$75.0M
$79.0M
$92.0M
Receivables, net
$737.0M
$698.0M
$728.0M
$686.0M
Prepaid expenses and other current assets
$248.0M
$286.0M
$277.0M
$267.0M
Total current assets
$1.2B
$1.1B
$1.1B
$1.0B
Property and equipment, net
$2.3B
$2.3B
$2.2B
$2.1B
FCC licenses
$8.6B
$8.6B
$8.6B
$8.6B
Other intangible assets, net
$1.4B
$1.4B
$1.5B
$1.5B
Goodwill
$12.4B
$12.4B
$12.4B
$12.4B
Equity method investments
$873.0M
$910.0M
$975.0M
$1.0B
Other long-term assets
$474.0M
$482.0M
$617.0M
$616.0M
Total assets
$27.2B
$27.1B
$27.4B
$27.3B
Accounts payable and accrued expenses
$1.2B
$1.1B
$1.2B
$1.2B
Accrued interest
$179.0M
$73.0M
$71.0M
$170.0M
Current portion of deferred revenue
$965.0M
$974.0M
$1.0B
$1.0B
Current maturities of debt
$2.0M
$59.0M
$1.1B
$61.0M
Other current liabilities
$168.0M
$167.0M
$152.0M
$146.0M
Total current liabilities
$2.5B
$2.4B
$3.5B
$2.6B
Long-term deferred revenue
$93.0M
$93.0M
$89.0M
$87.0M
Long-term debt, including $656 and $579 measured at fair value at June 30, 2026 and December 31, 2025, respectively (Note 11)
$9.5B
$9.7B
$9.0B
$10.1B
Deferred tax liabilities
$2.3B
$2.3B
$2.3B
$2.2B
Other long-term liabilities
$925.0M
$968.0M
$1.0B
$1.0B
Total liabilities
$15.3B
$15.4B
$15.8B
$16.0B
Common stock, par value $0.001 per share; 900 shares authorized; 337 and 335 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively
$0.00
$0.00
$0.00
$0.00
Accumulated other comprehensive loss, net of tax
($58.0M)
($50.0M)
($50.0M)
($48.0M)
Additional paid-in capital
$51.0M
$13.0M
$0
$0
Treasury stock, at cost; 17 thousand and 45 thousand shares of common stock at June 30, 2026 and December 31, 2025, respectively
-1.0M
0
0
-1.0M
Retained earnings
$11.9B
$11.8B
$11.6B
$11.4B
Total stockholders’ equity
$11.9B
$11.7B
$11.6B
$11.3B
Total liabilities and stockholders’ equity
$27.2B
$27.1B
$27.4B
$27.3B
Cash flow statement
Sirius XM Holdings Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss)
$805.0M
($2.1B)
—
—
Depreciation and amortization
$547.0M
$578.0M
$554.0M
$536.0M
Non-cash impairment and restructuring costs
$228.0M
$3.4B
$26.0M
—
Non-cash interest expense, net of amortization of premium
$18.0M
$24.0M
$14.0M
$15.0M
Unrealized gains on intergroup interests, net
$0
$0
—
—
Realized and unrealized gains on financial instruments, net
($25.0M)
($115.0M)
—
—
Gain on extinguishment of debt
$0
($12.0M)
$0
$0
Share of losses of equity method investments, net
$124.0M
$116.0M
$15.0M
$5.0M
Share-based payment expense
$179.0M
$200.0M
$184.0M
$197.0M
Deferred income tax expense (benefit)
$29.0M
($161.0M)
($64.0M)
$202.0M
Amortization of right-of-use assets
$42.0M
$44.0M
$45.0M
$49.0M
Other charges, net
$40.0M
$46.0M
—
—
Receivables and other assets
($84.0M)
($128.0M)
—
—
Deferred revenue
($64.0M)
($150.0M)
($121.0M)
($148.0M)
Payables and other liabilities
$59.0M
$19.0M
—
—
Net cash provided by operating activities
$1.9B
$1.7B
$1.9B
$2.0B
Additions to property and equipment
($653.0M)
($728.0M)
($650.0M)
($426.0M)
Other investing activities, net
($94.0M)
($242.0M)
—
—
Net cash used in investing activities
($747.0M)
($970.0M)
($686.0M)
($548.0M)
Taxes paid from net share settlements for stock-based compensation
($33.0M)
($44.0M)
($63.0M)
($114.0M)
Revolving credit facility borrowings
$1.5B
$2.1B
$1.7B
—
Revolving credit facility repayments
($1.4B)
($2.1B)
($1.8B)
—
Proceeds from long-term borrowings, net of costs
$0
$1.1B
$0
$499.0M
Repayments of long-term borrowings
($699.0M)
($1.8B)
($202.0M)
($6.0M)
Settlement of intergroup interests
$0
$0
—
—
Common stock repurchased and retired
($136.0M)
($6.0M)
($274.0M)
($647.0M)
Dividends paid
($365.0M)
($143.0M)
($383.0M)
($1.3B)
Other financing activities, net
($6.0M)
($14.0M)
($4.0M)
—
Net cash used in financing activities
($1.2B)
($916.0M)
($1.0B)
($1.6B)
Net decrease in cash, cash equivalents and restricted cash
($68.0M)
($145.0M)
$159.0M
($134.0M)
Cash, cash equivalents and restricted cash at beginning of period
$170.0M
$315.0M
$65.0M
$199.0M
Cash, cash equivalents and restricted cash at end of period
$102.0M
$170.0M
$224.0M
$65.0M
Interest, net of amounts capitalized
$439.0M
$473.0M
$405.0M
$411.0M
Income taxes paid
$156.0M
$218.0M
$278.0M
$275.0M
Finance lease obligations incurred to acquire assets
$0
$0
$8.0M
$14.0M
Settlement of debt obligations incurred to acquire assets
$0
$0
—
—
Tax equity investments
$22.0M
$722.0M
—
—
Sirius XM Holdings Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$484.0M
$245.0M
—
$409.0M
Depreciation and amortization
$316.0M
$151.0M
$406.0M
$265.0M
Non-cash impairment and restructuring costs
$0
$0
$109.0M
$109.0M
Non-cash interest expense, net of amortization of premium
$9.0M
$5.0M
$13.0M
$9.0M
Realized and unrealized gains on financial instruments, net
$74.0M
$21.0M
($7.0M)
($4.0M)
Share of losses of equity method investments, net
$72.0M
$37.0M
$85.0M
$59.0M
Share-based payment expense
$102.0M
$54.0M
$140.0M
$97.0M
Deferred income tax expense (benefit)
$35.0M
$16.0M
$56.0M
($34.0M)
Amortization of right-of-use assets
$20.0M
$10.0M
$32.0M
$21.0M
Other charges, net
$21.0M
$12.0M
$28.0M
$19.0M
Receivables and other assets
$11.0M
$16.0M
($69.0M)
($5.0M)
Deferred revenue
($9.0M)
$0
($38.0M)
($12.0M)
Payables and other liabilities
($142.0M)
($295.0M)
($243.0M)
($145.0M)
Net cash provided by operating activities
$993.0M
$271.0M
$1.2B
$788.0M
Additions to property and equipment
($235.0M)
($105.0M)
($509.0M)
($334.0M)
Other investing activities, net
($90.0M)
($68.0M)
($79.0M)
($63.0M)
Net cash used in investing activities
($325.0M)
($173.0M)
($588.0M)
($397.0M)
Taxes paid from net share settlements for stock-based compensation
($39.0M)
($26.0M)
($27.0M)
($16.0M)
Revolving credit facility borrowings
$757.0M
$520.0M
$1.3B
$797.0M
Revolving credit facility repayments
($677.0M)
($470.0M)
($1.3B)
($797.0M)
Proceeds from long-term borrowings, net of costs
$1.2B
$1.2B
$0
—
Repayments of long-term borrowings
($1.7B)
($1.3B)
($345.0M)
($192.0M)
Common stock repurchased and retired
($28.0M)
($22.0M)
($91.0M)
($70.0M)
Dividends paid
($182.0M)
($91.0M)
($274.0M)
($183.0M)
Net cash used in financing activities
($588.0M)
($117.0M)
($713.0M)
($461.0M)
Net decrease in cash, cash equivalents and restricted cash
$80.0M
($19.0M)
($83.0M)
($70.0M)
Cash, cash equivalents and restricted cash at beginning of period
$102.0M
$102.0M
$170.0M
$170.0M
Cash, cash equivalents and restricted cash at end of period