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Sirius XM SIRI SiriusXM — Gross Carrying Value

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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$10.07B+42.6%
Enterprise value$19.35B+12.7%
P/E11.4×
P/S1.2×+0.3×

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
FCC licensesIndefinite$8,610$8,610$8,610$8,610
TrademarksIndefinite930930930930
Definite life intangible assets:
Customer relationships15 years570(513)57570(494)76
OEM relationships15 years220(186)34220(178)42
Licensing agreements15 years285(267)18285(260)25
Software and technology7 years29(27)229(26)3
Due to Acquisitions recorded to Pandora and Off-platform Reporting Unit:

Item 1. Financial Statements (unaudited)

FAQ

What is Sirius XM's siriusxm — gross carrying value?
Sirius XM (SIRI) reported siriusxm — gross carrying value of $570M in Q2 2026.
How has Sirius XM's siriusxm — gross carrying value changed year-over-year?
Sirius XM's siriusxm — gross carrying value decreased by 0.0% year-over-year, from $570M to $570M.
What does siriusxm — gross carrying value mean?
Represents the total historical cost or book value of assets associated with the Sirius XM business segment before accounting for accumulated depreciation, amortization, or impairment. This metric provides a baseline for the capital intensity and asset base supporting the satellite radio operations. It is a key indicator of the scale of infrastructure and intangible assets deployed to maintain the subscription service.

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