What is Sirius XM's loss on debt extinguishment?

Sirius XM (SIRI) reported loss on debt extinguishment of $1M in Q1 2026.

What does loss on debt extinguishment mean?

A non-cash accounting loss recorded when debt is paid off early.

How do you interpret loss on debt extinguishment?

An increase indicates active debt management or refinancing, which may lead to lower interest costs in future periods.

How does loss on debt extinguishment compare across companies?

Reported by peers during periods of interest rate volatility or balance sheet optimization.

Sirius XM SIRI Loss on Debt Extinguishment

Loss on Debt Extinguishment at other companies

DaVitaDVA

$8.13M—

Gaming and Leisure PropertiesGLPI

$945.75K—

Wynn ResortsWYNN

$0-100%

AESAES

-$37M—

SBA CommunicationsSBAC

-$1.51M—

Digital RealtyDLR

-$2.25K-100%

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

See full

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 loss on debt extinguishment?: Sirius XM (SIRI) reported loss on debt extinguishment of $1M in Q1 2026.
What does loss on debt extinguishment mean?: A non-cash accounting loss recorded when debt is paid off early.
How do you interpret loss on debt extinguishment?: An increase indicates active debt management or refinancing, which may lead to lower interest costs in future periods.
How does loss on debt extinguishment compare across companies?: Reported by peers during periods of interest rate volatility or balance sheet optimization.