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Sirius XM SIRI Tax equity investments

Tax equity investments at other companies

UMB Financial logo
UMB FinancialUMBF
$22.68M+3.7%
Jefferies Financial Group logo
Jefferies Financial GroupJEF
$13.9M
Morgan Stanley logo
Morgan StanleyMS
$44M-8.3%
NiSource logo
NiSourceNI
$0
AES logo
AESAES
$0
UMB Financial logo
UMB FinancialUMBF
$8.15M-78.9%

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 siri:AccruedTaxEquityInvestments.

The official record: Sirius XM’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sirius XM's tax equity investments?
Sirius XM (SIRI) reported tax equity investments of $9M in Q1 2026.
How has Sirius XM's tax equity investments changed year-over-year?
Sirius XM's tax equity investments decreased by 18.2% year-over-year, from $11M to $9M.
What does tax equity investments mean?
Capital invested by the company into projects specifically to gain tax credits and related financial benefits.
How do you interpret tax equity investments?
An increase indicates active participation in tax-advantaged investment structures to lower tax liabilities. A decrease may signal a shift in tax planning strategy or a reduction in available tax-efficient investment opportunities.
How does tax equity investments compare across companies?
Frequently seen in capital-intensive industries or companies with significant tax planning requirements, often found in supplemental cash flow disclosures.