SIRIUS XM HOLDINGS INC.SIRIEarnings & Financial Report
XM Satellite Radio Holdings Inc. (XM) was one of the three satellite radio (SDARS) and online radio services in the United States and Canada, operated by Sirius XM Holdings. It provided pay-for-service radio, analogous to subscription cable television. Its service included 73 different music channels, 39 news, sports, talk and entertainment channels, 21 regional traffic and weather channels, and 23 play-by-play sports channels. XM channels were identified by Arbitron with the label "XM".
SIRI Q4 2025 Key Financial Metrics
Revenue
$2.2B
Gross Profit
$1.2B
Operating Profit
$226.0M
Net Profit
$99.0M
Gross Margin
53.1%
Operating Margin
10.3%
Net Margin
4.5%
YoY Growth
0.2%
EPS
$0.23
Financial Flow
SIRIUS XM HOLDINGS INC. Q4 2025 Financial Summary
SIRIUS XM HOLDINGS INC. reported revenue of $2.2B (up 0.2% YoY) for Q4 2025, with a net profit of $99.0M (down 55.4% YoY) (4.5% margin). Cost of goods sold was $1.0B, operating expenses totaled $938.0M.
Key Financial Metrics
| Total Revenue | $2.2B |
|---|---|
| Net Profit | $99.0M |
| Gross Margin | 53.1% |
| Operating Margin | 10.3% |
| Report Period | Q4 2025 |
Revenue Breakdown
SIRIUS XM HOLDINGS INC. Q4 2025 revenue of $2.2B breaks down across 4 segments, led by Subscription And Circulation at $1.6B (74.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Subscription And Circulation | $1.6B | 74.1% |
| Advertising | $491.0M | 22.4% |
| Cost Of Sales Equipment Products And Services | $48.0M | 2.2% |
| Other Revenue | $28.0M | 1.3% |
SIRIUS XM HOLDINGS INC. Revenue by Segment — Quarterly Trend
SIRIUS XM HOLDINGS INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Subscription And Circulation and Advertising) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Subscription And Circulation | $1.6B | $1.6B | $1.6B | $1.6B |
| Advertising | $491.0M | $455.0M | $432.0M | $394.0M |
| Cost Of Sales Equipment Products And Services | $48.0M | $43.0M | $46.0M | $41.0M |
| Other Revenue | $28.0M | $32.0M | $31.0M | $31.0M |
SIRIUS XM HOLDINGS INC. Annual Revenue by Year
SIRIUS XM HOLDINGS INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $8.6B). Click any linked year to see what changed vs the prior annual report.
SIRIUS XM HOLDINGS INC. Quarterly Revenue & Net Profit History
SIRIUS XM HOLDINGS INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $2.2B | +0.2% | $99.0M | 4.5% |
| Q3 2025 | $2.2B | -0.6% | $297.0M | 13.8% |
| Q2 2025 | $2.1B | -1.8% | $205.0M | 9.6% |
| Q1 2025 | $2.1B | -4.3% | $204.0M | 9.9% |
| Q4 2024 | $2.2B | -4.4% | $222.0M | 10.1% |
| Q3 2024 | $2.2B | -4.4% | $-2.5B | -113.1% |
| Q2 2024 | $2.2B | -3.2% | $304.0M | 14.0% |
| Q1 2024 | $2.2B | +0.8% | $265.0M | 12.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.16B | $2.18B | $2.17B | $2.19B | $2.07B | $2.14B | $2.16B | $2.19B |
| YoY Growth | 0.8% | -3.2% | -4.4% | -4.4% | -4.3% | -1.8% | -0.6% | 0.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $11.17B | $11.19B | $27.48B | $27.52B | $27.43B | $27.33B | $27.40B | $27.24B |
| Liabilities | $13.54B | $13.30B | $16.62B | $16.45B | $16.21B | $16.00B | $15.85B | $15.67B |
| Equity | $-2.37B | $-2.11B | $10.86B | $11.07B | $11.21B | $11.33B | $11.56B | $11.56B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $308.0M | $514.0M | $240.0M | $679.0M | $242.0M | $546.0M | $430.0M | $680.0M |