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Sirius XM SIRI Contract Liabilities

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Other financials

Income statement

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Revenue$2.1B+1.1%
Gross profit$1.2B-2.8%
Operating income$454.0M+17.3%
Net income$245.0M+20.1%
EPS (diluted)$0.72+22.0%

Balance sheet

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Cash & equivalents$75.0M-40.9%
Total debt$9.8B-6.9%
Total equity$11.7B+4.6%
Total assets$27.1B-1.0%

Cash flow

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Operating cash flow$271.0M+12.0%
CapEx$105.0M-44.4%
Free cash flow$166.0M+213%

Valuation

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Market cap$9.44B+1.2%
Enterprise value$19.11B-3.2%
P/E11.2×
P/S1.1×0.0×

Profitability

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Gross margin53.5%-0.3pp
Operating margin17.9%
Net margin9.9%
FCF margin15.8%+4.5pp

Returns & leverage

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Return on equity7.4%
Debt / equity0.8×-0.1×
Current ratio0.4×0.0×

Where this comes from

Reported directly by Sirius XM in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The official record: Sirius XM’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sirius XM's contract liabilities?
Sirius XM (SIRI) reported contract liabilities of $93M in Q1 2026.
How has Sirius XM's contract liabilities changed year-over-year?
Sirius XM's contract liabilities increased by 12.0% year-over-year, from $83M to $93M.
What is the long-term trend for Sirius XM's contract liabilities?
Over 5 years (2020 to 2025), Sirius XM's contract liabilities has grown at a -4.9% compound annual growth rate (CAGR), from $118M to $92M.
What does contract liabilities mean?
The value of services or goods the company owes to customers who have already paid.
How do you interpret contract liabilities?
An increase suggests strong customer prepayments and future revenue potential, while a decrease may indicate lower booking activity.
How does contract liabilities compare across companies?
Standard for service-based businesses; peers with higher contract liabilities demonstrate stronger customer retention and demand.