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Sirius XM SIRI Pandora and Off-platform — Gross Carrying Value

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SiriusXM
$8.61B0.0%

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Other financials

Income statement

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Revenue$2.2B+1.0%
Gross profit$1.2B-2.8%
Operating income$472.0M+29.3%
Net income$239.0M+16.6%
EPS (diluted)$0.70+22.8%

Balance sheet

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Cash & equivalents$174.0M+89.1%
Total debt$9.5B-7.3%
Total equity$11.9B+5.1%
Total assets$27.2B-0.5%

Cash flow

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Operating cash flow$722.0M+32.2%
CapEx$130.0M-10.3%
Free cash flow$592.0M+47.6%

Valuation

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Market cap$10.35B+46.5%
Enterprise value$19.63B+14.3%
P/E11.8×
P/S1.2×+0.4×

Profitability

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Gross margin53.5%-0.3pp
Operating margin19.1%
Net margin10.2%
FCF margin18%+6.4pp

Returns & leverage

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Return on equity7.6%
Debt / equity0.8×-0.1×
Current ratio0.5×+0.1×

Where this comes from

Reported directly by Sirius XM in its filing.

Tagged under the XBRL concept us-gaap:FiniteLivedIntangibleAssetsGross.

The source filing: Sirius XM’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 9:45 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000908937-26-000022
Line itemWeighted Average Useful LivesJune 30, 2026 / Gross Carrying ValueJune 30, 2026 / Accumulated AmortizationJune 30, 2026 / Net Carrying ValueDecember 31, 2025 / Gross Carrying ValueDecember 31, 2025 / Accumulated AmortizationDecember 31, 2025 / Net Carrying Value
Software and technology7 years29(27)229(26)3
Due to Acquisitions recorded to Pandora and Off-platform Reporting Unit:
Indefinite life intangible assets:
TrademarksIndefinite312312312312
Definite life intangible assets:
Customer relationships8 years442(409)33442(383)59
Software and technology5 years391(384)7391(383)8
Total intangible assets$11,789$(1,786)$10,003$11,789$(1,724)$10,065

Item 1. Financial Statements (unaudited)

FAQ

What is Sirius XM's pandora and off-platform — gross carrying value?
Sirius XM (SIRI) reported pandora and off-platform — gross carrying value of $442M in Q2 2026.
How has Sirius XM's pandora and off-platform — gross carrying value changed year-over-year?
Sirius XM's pandora and off-platform — gross carrying value decreased by 0.0% year-over-year, from $442M to $442M.
What is the long-term trend for Sirius XM's pandora and off-platform — gross carrying value?
Over 3 years (2022 to 2025), Sirius XM's pandora and off-platform — gross carrying value has grown at a 0.0% compound annual growth rate (CAGR), from $1.77B to $1.77B.
What does pandora and off-platform — gross carrying value mean?
This represents the total original cost or acquisition value of assets assigned to the Pandora and off-platform segment before accounting for accumulated depreciation or amortization. It serves as the baseline valuation for the segment's asset base. Tracking this helps investors understand the scale of capital investment deployed into this specific business unit.

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