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Sirius XM SIRI Equipment revenue — Revenue

Discontinued — last reported Q3 '24

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Sirius XM’s 10-Q, filed October 31, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sirius XM's equipment revenue — revenue?
Sirius XM (SIRI) reported equipment revenue — revenue of $43M in Q3 2024.
How has Sirius XM's equipment revenue — revenue changed year-over-year?
Sirius XM's equipment revenue — revenue decreased by 12.2% year-over-year, from $49M to $43M.
What is the long-term trend for Sirius XM's equipment revenue — revenue?
Over 2 years (2021 to 2023), Sirius XM's equipment revenue — revenue has grown at a -2.0% compound annual growth rate (CAGR), from $201M to $193M.
What does equipment revenue — revenue mean?
Revenue specifically generated from the sale of equipment and related hardware services.
How do you interpret equipment revenue — revenue?
Higher revenue indicates strong market demand for the company's hardware, whereas lower revenue may signal market saturation or a transition toward software-only service models.
How does equipment revenue — revenue compare across companies?
Comparable to segment-specific hardware revenue reported by technology and media companies with integrated device-service business models.