Sirius XM SIRI Equipment — Cost of Services

Other product segments

Similar metrics at other companies

GSATSubscriber equipment sales — Cost of goods and services

$2.47M+20.5%

GSATSubscriber Equipment — Revenue

$3.17M+2.7%

GSATSubscriber equipment sales — Total Revenue

$3.36M+13.4%

GSATSubscriber equipment sales — Costs to obtain and fulfill a contract (Note 1)

$1M+11.1%

TOSTHardware — Cost of revenue

$58M+11.5%

FWONAOther Cost Of Subscriber Services — Cost Of Goods And Service Excluding Depreciation Depletion And Amortization

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Questions, answered.

What is Sirius XM's equipment — cost of services?

Sirius XM (SIRI) reported equipment — cost of services of $2M in Q3 2024.

How has Sirius XM's equipment — cost of services changed year-over-year?

Sirius XM's equipment — cost of services decreased by 33.3% year-over-year, from $3M to $2M.

What is the long-term trend for Sirius XM's equipment — cost of services?

Over 2 years (2021 to 2023), Sirius XM's equipment — cost of services has grown at a -15.0% compound annual growth rate (CAGR), from $18M to $13M.

What does equipment — cost of services mean?

The total direct costs incurred to produce and supply the hardware devices used to receive satellite radio services.

How do you interpret equipment — cost of services?

An increase in this metric relative to revenue may indicate rising hardware production costs or a shift in strategy toward higher hardware subsidies to drive subscriber growth, while a decrease suggests improved manufacturing efficiencies or lower component costs.

How does equipment — cost of services compare across companies?

Comparable to hardware cost of goods sold (COGS) or equipment revenue costs at other consumer electronics or subscription-based hardware companies, such as those selling smart home devices or connected vehicle hardware.