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Sirius XM SIRI SiriusXM — Finite-Lived Intangible Assets, Net

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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:FiniteLivedIntangibleAssetsNet.

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 — finite-lived intangible assets, net?
Sirius XM (SIRI) reported siriusxm — finite-lived intangible assets, net of $57M in Q2 2026.
How has Sirius XM's siriusxm — finite-lived intangible assets, net changed year-over-year?
Sirius XM's siriusxm — finite-lived intangible assets, net decreased by 40.0% year-over-year, from $95M to $57M.
What does siriusxm — finite-lived intangible assets, net mean?
This represents the remaining unamortized book value of finite-lived intangible assets held by the SiriusXM segment. It is calculated by subtracting accumulated amortization and any impairment losses from the gross carrying value. This figure is critical for assessing the current carrying value of assets that drive future subscription revenue.

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