Sirius XM Holdings Inc. (SIRI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 2.09B | 2.19B | 2.16B | 2.14B | 2.07B | 2.19B | 2.17B | 2.18B | 2.16B | 2.29B | 2.27B | 2.25B | 2.14B | 2.28B | 2.28B | 2.25B | 2.19B | 2.28B | 2.2B | 2.16B |
| Revenue Growth % | 1.11% | 0.23% | -0.55% | -1.84% | -4.35% | -4.37% | -4.4% | -3.2% | 0.84% | 0.22% | -0.39% | -0.13% | -1.92% | 0.09% | 3.73% | 4.35% | 6.22% | 4.2% | 8.54% | 15.21% |
| Cost of Goods Sold | 1.25B | 1.14B | 1.15B | 1.14B | 1.1B | 1.14B | 1.12B | 1.11B | 1.13B | 1.15B | 1.14B | 1.15B | 1.11B | 1.14B | 1.13B | 1.14B | 1.08B | 1.13B | 1.07B | 1.07B |
| COGS % of Revenue | 59.92% | 52.03% | 53.22% | 53.23% | 53.38% | 52.01% | 51.4% | 51.19% | 52.13% | 50.44% | 50.37% | 51.29% | 51.96% | 49.85% | 49.43% | 50.47% | 49.36% | 49.45% | 48.59% | 49.61% |
| Gross Profit | 838M | 1.05B | 1.01B | 1B | 964M | 1.05B | 1.05B | 1.06B | 1.03B | 1.13B | 1.13B | 1.1B | 1.03B | 1.15B | 1.15B | 1.12B | 1.11B | 1.15B | 1.13B | 1.09B |
| Gross Margin % | 40.08% | 47.97% | 46.78% | 46.77% | 46.62% | 47.99% | 48.6% | 48.81% | 47.87% | 49.56% | 49.63% | 48.71% | 48.04% | 50.15% | 50.57% | 49.53% | 50.64% | 50.55% | 51.41% | 50.39% |
| Gross Profit Growth % | -13.07% | 0.19% | -4.27% | -5.93% | -6.86% | -7.41% | -6.39% | -3.01% | 0.49% | -0.96% | -2.25% | -1.79% | -6.96% | -0.69% | 2.04% | 2.57% | 7.16% | 3.32% | 10.78% | 13.33% |
| Operating Expenses | 378M | 826M | 517M | 635M | 577M | 545M | 3.96B | 592M | 626M | 643M | 599M | 617M | 618M | 583M | 686M | 620M | 597M | 678M | 502M | 430M |
| OpEx % of Revenue | 18.08% | 37.67% | 23.95% | 29.7% | 27.9% | 24.91% | 182.22% | 27.18% | 28.95% | 28.1% | 26.38% | 27.42% | 28.82% | 25.54% | 30.09% | 27.52% | 27.31% | 29.72% | 22.84% | 19.92% |
| Selling, General & Admin | 309M | 341M | 305M | 351M | 312M | 338M | 355M | 336M | 344M | 380M | 376M | 377M | 371M | 380M | 413M | 412M | 395M | 469M | 394M | 370M |
| SG&A % of Revenue | 14.78% | 15.55% | 14.13% | 16.42% | 15.09% | 15.45% | 16.35% | 15.43% | 15.91% | 16.61% | 16.56% | 16.76% | 17.3% | 16.64% | 18.11% | 18.29% | 18.07% | 20.56% | 17.93% | 17.14% |
| Research & Development | 69M | 72M | 62M | 56M | 73M | 72M | 68M | 71M | 86M | 88M | 72M | 83M | 79M | 77M | 70M | 72M | 67M | 68M | 68M | 65M |
| R&D % of Revenue | 3.3% | 3.28% | 2.87% | 2.62% | 3.53% | 3.29% | 3.13% | 3.26% | 3.98% | 3.85% | 3.17% | 3.69% | 3.68% | 3.37% | 3.07% | 3.2% | 3.06% | 2.98% | 3.09% | 3.01% |
| Other Operating Expenses | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K |
| Operating Income | 460M | 226M | 493M | 365M | 387M | 505M | -2.9B | 471M | 409M | 491M | 528M | 479M | 412M | 562M | 467M | 496M | 510M | 475M | 628M | 658M |
| Operating Margin % | 22% | 10.31% | 22.83% | 17.07% | 18.71% | 23.08% | -133.63% | 21.63% | 18.92% | 21.46% | 23.25% | 21.29% | 19.22% | 24.62% | 20.48% | 22.02% | 23.33% | 20.82% | 28.57% | 30.48% |
| Operating Income Growth % | 18.86% | -55.25% | 116.99% | -22.51% | -5.38% | 2.85% | -649.43% | -1.67% | -0.73% | -12.63% | 13.06% | -3.43% | -19.22% | 18.32% | -25.64% | -24.62% | 100.79% | 194.43% | 31.38% | 58.55% |
| EBITDA | 621M | 377M | 645M | 496M | 542M | 639M | -2.75B | 640M | 575M | 650M | 687M | 629M | 558M | 706M | 617M | 640M | 657M | 614M | 782M | 802M |
| EBITDA Margin % | 29.7% | 17.19% | 29.87% | 23.2% | 26.21% | 29.2% | -126.53% | 29.38% | 26.6% | 28.41% | 30.25% | 27.96% | 26.03% | 30.92% | 27.06% | 28.41% | 30.05% | 26.92% | 35.58% | 37.15% |
| EBITDA Growth % | 14.58% | -41% | 123.48% | -22.5% | -5.74% | -1.69% | -499.85% | 1.75% | 3.05% | -7.93% | 11.35% | -1.72% | -15.07% | 14.98% | -21.1% | -20.2% | 63.84% | 268.68% | 26.74% | 41.45% |
| D&A (Non-Cash Add-back) | 161M | 151M | 152M | 131M | 155M | 134M | 154M | 169M | 166M | 159M | 159M | 150M | 146M | 144M | 150M | 144M | 147M | 139M | 154M | 144M |
| EBIT | 460M | 246M | 503M | 380M | 386M | 511M | -2.87B | 556M | 438M | 486M | 504M | 479M | 415M | 558M | 464M | 492M | 512M | 476M | 544M | 663M |
| Net Interest Income | -112M | -111M | -115M | -116M | -117M | -117M | -124M | -102M | -104M | -104M | -134M | -107M | -107M | -108M | -107M | -104M | -103M | -102M | -111M | -103M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 112M | 111M | 115M | 116M | 117M | 117M | 124M | 102M | 104M | 104M | 134M | 107M | 107M | 108M | 107M | 104M | 103M | 102M | 111M | 103M |
| Other Income/Expense | -134M | -91M | -105M | -101M | -118M | -111M | -96M | -41M | -100M | -109M | -158M | -107M | -104M | -112M | -110M | -108M | -101M | -101M | -195M | -98M |
| Pretax Income | 326M | 135M | 388M | 264M | 269M | 394M | -3B | 430M | 309M | 382M | 370M | 372M | 308M | 450M | 357M | 388M | 409M | 374M | 433M | 560M |
| Pretax Margin % | 15.59% | 6.16% | 17.97% | 12.35% | 13.01% | 18.01% | -138.05% | 19.74% | 14.29% | 16.7% | 16.29% | 16.53% | 14.37% | 19.71% | 15.66% | 17.22% | 18.71% | 16.4% | 19.7% | 25.94% |
| Income Tax | 81M | 36M | 91M | 59M | 65M | 107M | -39M | 76M | 68M | 30M | 79M | 62M | 75M | 85M | 110M | 96M | 100M | 55M | 90M | 127M |
| Effective Tax Rate % | 24.85% | 26.67% | 23.45% | 22.35% | 24.16% | 27.16% | 1.3% | 17.67% | 22.01% | 7.85% | 21.35% | 16.67% | 24.35% | 18.89% | 30.81% | 24.74% | 24.45% | 14.71% | 20.79% | 22.68% |
| Net Income | 245M | 99M | 297M | 205M | 204M | 287M | -2.46B | 304M | 199M | 352M | 234M | 310M | 233M | 365M | 247M | 292M | 309M | 319M | 343M | 433M |
| Net Margin % | 11.72% | 4.51% | 13.76% | 9.59% | 9.86% | 13.12% | -113.13% | 13.96% | 9.2% | 15.38% | 10.3% | 13.78% | 10.87% | 15.99% | 10.83% | 12.96% | 14.14% | 13.99% | 15.61% | 20.06% |
| Net Income Growth % | 20.1% | -65.51% | 112.09% | -32.57% | 2.51% | -18.47% | -1149.57% | -1.94% | -14.59% | -3.56% | -5.26% | 6.16% | -24.6% | 14.42% | -27.99% | -32.56% | 41.1% | 147.12% | 26.1% | 78.19% |
| Net Income (Continuing) | 245M | 99M | 297M | 205M | 204M | 287M | -2.96B | 354M | 241M | 352M | 291M | 310M | 233M | 365M | 247M | 292M | 309M | 319M | 343M | 433M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.03B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.72 | 0.28 | 0.84 | 0.57 | 0.59 | 0.80 | -7.24 | 0.74 | 0.51 | 0.45 | 0.94 | 0.80 | 0.59 | 0.93 | 0.60 | 0.73 | 0.77 | 0.80 | 0.80 | 1.00 |
| EPS Growth % | 22.03% | -65% | 111.6% | -22.97% | 15.69% | 77.78% | -870.21% | -7.5% | -13.56% | -51.61% | 56.67% | 9.59% | -23.38% | 16.25% | -25% | -27% | 54% | 150% | 33.33% | 100% |
| EPS (Basic) | 0.73 | 0.29 | 0.88 | 0.61 | 0.60 | 0.85 | -7.24 | 0.77 | 0.59 | 0.45 | 0.94 | 0.80 | 0.60 | 0.94 | 0.60 | 0.74 | 0.78 | 0.80 | 0.80 | 1.10 |
| Diluted Shares Outstanding | 338M | 356M | 356M | 357M | 357M | 359M | 339M | 385.5M | 386.5M | 386M | 386.5M | 387.3M | 393.9M | 395.1M | 396.8M | 400.5M | 402.4M | 406.1M | 411.9M | 416.3M |
| Basic Shares Outstanding | 336M | 336M | 337M | 338M | 339M | 339M | 339M | 384.8M | 384.5M | 384M | 384.5M | 386.1M | 388.9M | 389.1M | 390M | 392.8M | 394.8M | 399.1M | 404.4M | 407.9M |
| Dividend Payout Ratio | - | 91.92% | 30.64% | 44.88% | 44.61% | 32.06% | - | 33.88% | 51.26% | 28.98% | 59.83% | 30.32% | 40.34% | 25.75% | 34.82% | 29.45% | 347.25% | 27.59% | 17.2% | 13.86% |