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Sirius XM SIRI Gain (loss) on extinguishment of debt

Gain (loss) on extinguishment of debt at other companies

Royal Caribbean Group logo
Royal Caribbean GroupRCL
-$60M-500%
SS&C Technologies logo
SS&C TechnologiesSSNC
-$400K+55.6%
SS&C Technologies logo
SS&C TechnologiesSSNC
-$400K+55.6%
Royal Caribbean Group logo
Royal Caribbean GroupRCL
-$60M-500%
FCF
FirstCash HoldingsFCFS
-$11.74M
Starwood Property Trust logo
Starwood Property TrustSTWD
-$335K

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:GainsLossesOnExtinguishmentOfDebt.

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 gain (loss) on extinguishment of debt?
Sirius XM (SIRI) reported gain (loss) on extinguishment of debt of $1M in Q1 2026.
What does gain (loss) on extinguishment of debt mean?
The profit or loss realized from paying off debt earlier than originally planned.
How do you interpret gain (loss) on extinguishment of debt?
A gain suggests successful refinancing at lower rates, while a loss may indicate a strategic decision to remove high-cost debt despite the immediate accounting penalty.
How does gain (loss) on extinguishment of debt compare across companies?
Common in capital-intensive industries where firms frequently manage debt maturity profiles and interest rate exposure.