Sirius XM Holdings Inc (SIRI) Balance Sheet
SIRI balance sheet, 2025
December 31, 2025 · U.S. dollars$27.24B assets = $15.67B liabilities + $11.56B equity
Both columns are drawn to the same scale: what SIRI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SIRI financial health
Descriptive bands, not a rating. Fiscal 2025.
SIRI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $8.00B2016 | $27.24B2025 | +14.6%/yr | |
| Total liabilities | $8.80B2016 | $15.67B2025 | +6.6%/yr | |
| Shareholders’ equity | −$792.0M2016 | $11.56B2025 | — | |
| Cash & short-term investments | $213.9M2016 | $94.0M2025 | −8.7%/yr | |
| Total debt | $5.85B2016 | $9.71B2025 | +5.8%/yr | |
| Net cash (debt) | −$5.63B2016 | −$9.61B2025 | −$4.0B | |
| Working capital | −$2.03B2016 | −$2.56B2025 | −$529.0M | |
| Book value per share | −$1.602016 | $32.392025 | — | |
| Current ratio | 0.242016 | 0.302025 | +0.06 | |
| Debt / equity | 0.012024 | 0.842025 | +0.83 | |
| Shares outstanding | 496.5M2016 | 357.0M2025 | −3.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SIRI assets
SIRI liabilities and equity
SIRI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SIRI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $94.0M | $162.0M | $216.0M | $57.0M | $191.0M | $71.0M | $106.0M | $54.4M | $69.0M | $213.9M |
| Cash & equivalents | $94.0M | $162.0M | $216.0M | $57.0M | $191.0M | $71.0M | $106.0M | $54.4M | $69.0M | $213.9M |
| Short-term investments | — | — | — | — | — | — | — | $150,000 | $0 | $0 |
| Receivables | $761.0M | $596.0M | $709.0M | $655.0M | $722.0M | $672.0M | $670.0M | $233.0M | $241.7M | $223.0M |
| Inventory | $0 | $0 | $0 | $0 | $246.0M | $10.0M | $11.0M | $22.2M | $20.2M | $20.4M |
| Other current assets | $243.0M | $391.0M | $346.0M | $326.0M | $21.0M | $214.0M | $216.0M | $168.6M | $140.0M | $185.3M |
| Total current assets | $1.10B | $1.15B | $1.27B | $1.04B | $1.18B | $967.0M | $1.00B | $478.2M | $470.9M | $642.6M |
| Property, plant & equipment (net) | $2.26B | $2.11B | $2.03B | $1.81B | $1.81B | $2.06B | $2.09B | $1.51B | $1.46B | $1.40B |
| Goodwill & intangible assets | $22.45B | $13.97B | $6.15B | $6.30B | $6.34B | $6.46B | $7.31B | $4.79B | $4.81B | $4.75B |
| Long-term investments | $941.0M | $1.04B | $423.0M | $488.0M | $334.0M | $531.0M | $452.0M | $960.3M | $962.1M | $8.9M |
| Other non-current assets | $483.0M | $9.25B | $493.0M | $383.0M | $615.0M | $317.0M | $292.0M | $430.0M | $624.2M | $1.20B |
| Total assets | $27.24B | $27.52B | $10.37B | $10.02B | $10.27B | $10.33B | $11.15B | $8.17B | $8.33B | $8.00B |
| Liabilities | ||||||||||
| Accounts payable | $1.29B | $1.28B | $1.31B | $1.25B | $1.30B | $1.22B | $1.15B | $735.1M | $794.3M | $713.0M |
| Short-term debt | $1.06B | $61.0M | $551.0M | $246.0M | $49.0M | $49.0M | $48.0M | $3.4M | $5.1M | $5.5M |
| Deferred revenue | $976.0M | $1.05B | $1.20B | $1.32B | $1.45B | $1.72B | $1.93B | $1.93B | $1.88B | $1.83B |
| Total current liabilities | $3.65B | $2.73B | $3.23B | $2.98B | $2.98B | $3.17B | $3.29B | $2.80B | $2.82B | $2.67B |
| Long-term debt | $8.65B | $10.31B | $8.69B | $9.26B | $8.83B | $8.50B | $7.84B | $6.88B | $6.74B | $5.84B |
| Lease obligations | — | — | $338.0M | $370.0M | $411.0M | $468.0M | $502.0M | — | — | — |
| Other long-term liabilities | $3.37B | $3.40B | $1.02B | $1.14B | $1.09B | $952.0M | $750.0M | $302.4M | $290.5M | $284.2M |
| Total liabilities | $15.67B | $16.45B | $12.94B | $13.37B | $12.90B | $12.62B | $11.88B | $9.99B | $9.85B | $8.80B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | −$1.0M | — | $4.0M | $4.0M | $4.0M | $4.0M | $4.0M | $4.3M | $4.5M | $4.7M |
| Retained earnings (deficit) | $11.61B | $11.12B | −$2.57B | −$3.35B | −$2.64B | −$2.29B | −$1.14B | −$2.06B | −$3.24B | −$3.89B |
| Treasury stock | — | — | — | — | −$8.0M | −$19.0M | — | — | −$17.2M | −$22.9M |
| Accumulated other comprehensive income | −$50.0M | −$46.0M | $3.0M | −$4.0M | $15.0M | $15.0M | $8.0M | −$6.2M | $18.4M | −$139,000 |
| Minority interest | — | $0 | $3.03B | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $11.56B | $11.07B | −$2.56B | −$3.35B | −$2.62B | −$2.29B | −$736.0M | −$1.82B | −$1.52B | −$792.0M |
| Key figures | ||||||||||
| Total debt | $9.71B | $61.0M | $9.53B | $9.82B | $9.24B | $8.97B | $8.35B | $6.89B | $6.75B | $5.85B |
| Net cash (debt) | −$9.61B | $101.0M | −$9.32B | −$9.77B | −$9.05B | −$8.90B | −$8.24B | −$6.83B | −$6.68B | −$5.63B |
| Working capital | −$2.56B | −$1.58B | −$1.96B | −$1.94B | −$1.80B | −$2.20B | −$2.29B | −$2.32B | −$2.35B | −$2.03B |
| Tangible book value | −$10.89B | −$2.90B | −$8.72B | −$9.65B | −$8.96B | −$8.75B | −$8.05B | −$6.61B | −$6.33B | −$5.54B |
| Book value per share | $32.39 | $32.76 | −$6.60 | −$8.40 | −$6.34 | −$5.16 | −$1.59 | −$3.98 | −$3.23 | −$1.60 |
| Shares outstanding | 357.0M | 338.0M | 388.8M | 399.0M | 414.3M | 442.9M | 461.6M | 456.1M | 472.4M | 496.5M |
| Current ratio | 0.30 | 0.42 | 0.39 | 0.35 | 0.40 | 0.31 | 0.30 | 0.17 | 0.17 | 0.24 |
| Quick ratio | 0.23 | 0.28 | 0.29 | 0.24 | 0.31 | 0.23 | 0.24 | 0.10 | 0.11 | 0.16 |
| Debt / equity | 0.84 | 0.01 | — | — | — | — | — | — | — | — |
| Equity / assets | 42.5% | 40.2% | −24.7% | −33.4% | −25.5% | −22.1% | −6.6% | −22.2% | −18.3% | −9.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $174.0M | $75.0M | $94.0M | $79.0M | $92.0M | $127.0M | $162.0M | $127.0M | $100.0M | $71.0M | $216.0M | $53.0M |
| Cash & equivalents | $174.0M | $75.0M | $94.0M | $79.0M | $92.0M | $127.0M | $162.0M | $127.0M | $100.0M | $71.0M | $216.0M | $53.0M |
| Receivables | $712.0M | $673.0M | $761.0M | $703.0M | $662.0M | $601.0M | $676.0M | $668.0M | $644.0M | $614.0M | $709.0M | $659.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $273.0M | $311.0M | $243.0M | $302.0M | $291.0M | $317.0M | $311.0M | $338.0M | $356.0M | $393.0M | $346.0M | $329.0M |
| Total current assets | $1.16B | $1.06B | $1.10B | $1.08B | $1.04B | $1.04B | $1.15B | $1.13B | $1.10B | $1.08B | $1.27B | $1.04B |
| Property, plant & equipment (net) | $2.29B | $2.27B | $2.26B | $2.24B | $2.15B | $2.18B | $2.11B | $2.01B | $2.16B | $2.11B | $2.03B | $2.00B |
| Goodwill & intangible assets | $22.39B | $22.42B | $22.45B | $22.49B | $22.52B | $22.55B | $13.97B | $22.60B | $6.11B | $6.13B | $6.15B | $6.19B |
| Long-term investments | $873.0M | $910.0M | $941.0M | $975.0M | $1.00B | $1.02B | $1.04B | $1.08B | $1.43B | $1.47B | $423.0M | $705.0M |
| Other non-current assets | $474.0M | $482.0M | $483.0M | $617.0M | $616.0M | $627.0M | $9.25B | $658.0M | $389.0M | $390.0M | $493.0M | $195.0M |
| Total assets | $27.18B | $27.15B | $27.24B | $27.40B | $27.33B | $27.43B | $27.52B | $27.48B | $11.19B | $11.17B | $10.37B | $10.13B |
| Liabilities | ||||||||||||
| Accounts payable | $1.22B | $1.14B | $1.29B | $1.18B | $1.16B | $1.15B | $1.28B | $1.17B | $1.12B | $1.17B | $1.31B | $1.27B |
| Short-term debt | $2.0M | $59.0M | $1.06B | $1.06B | $61.0M | $61.0M | $61.0M | $589.0M | $50.0M | $551.0M | $551.0M | $570.0M |
| Deferred revenue | $965.0M | $974.0M | $976.0M | $1.00B | $1.03B | $1.05B | $1.05B | $1.09B | $1.13B | $1.16B | $1.20B | $1.25B |
| Total current liabilities | $2.53B | $2.41B | $3.65B | $3.46B | $2.57B | $2.48B | $2.73B | $3.06B | $2.56B | $3.09B | $3.23B | $3.16B |
| Long-term debt | $9.45B | $9.69B | $8.65B | $9.02B | $10.14B | $10.40B | $10.31B | $10.14B | $9.04B | $8.72B | $8.69B | $8.82B |
| Lease obligations | — | — | — | — | — | — | — | — | $341.0M | $350.0M | $338.0M | $337.0M |
| Other long-term liabilities | $3.29B | $3.32B | $3.37B | $3.37B | $3.29B | $3.33B | $3.40B | $3.43B | $1.70B | $1.73B | $1.02B | $1.04B |
| Total liabilities | $15.28B | $15.42B | $15.67B | $15.85B | $16.00B | $16.21B | $16.45B | $16.62B | $13.30B | $13.54B | $12.94B | $13.02B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | −$1.0M | — | −$1.0M | — | −$1.0M | — | — | — | $4.0M | $4.0M | $4.0M | $4.0M |
| Retained earnings (deficit) | $11.92B | $11.77B | $11.61B | $11.61B | $11.38B | $11.26B | $11.12B | $10.89B | −$2.11B | −$2.37B | −$2.57B | −$2.89B |
| Accumulated other comprehensive income | −$58.0M | −$50.0M | −$50.0M | −$50.0M | −$48.0M | −$44.0M | −$46.0M | −$30.0M | −$7.0M | −$4.0M | $3.0M | −$3.0M |
| Total shareholders' equity | $11.91B | $11.73B | $11.56B | $11.56B | $11.33B | $11.21B | $11.07B | $10.86B | −$2.11B | −$2.37B | −$2.56B | −$2.89B |
| Key figures | ||||||||||||
| Total debt | $9.46B | $9.75B | $9.71B | $10.08B | $10.20B | $10.47B | $61.0M | $10.73B | $9.39B | $9.58B | $9.53B | $9.69B |
| Net cash (debt) | −$9.28B | −$9.67B | −$9.61B | −$10.00B | −$10.11B | −$10.34B | $101.0M | −$10.60B | −$9.29B | −$9.51B | −$9.32B | −$9.63B |
| Working capital | −$1.37B | −$1.35B | −$2.56B | −$2.38B | −$1.52B | −$1.43B | −$1.58B | −$1.93B | −$1.46B | −$2.01B | −$1.96B | −$2.12B |
| Tangible book value | −$10.48B | −$10.69B | −$10.89B | −$10.93B | −$11.19B | −$11.34B | −$2.90B | −$11.74B | −$8.23B | −$8.50B | −$8.72B | −$9.08B |
| Book value per share | $34.82 | $34.71 | $32.48 | $32.46 | $31.73 | $31.41 | $30.85 | $32.03 | −$5.48 | −$6.13 | −$6.65 | −$7.49 |
| Shares outstanding | 342.0M | 338.0M | 356.0M | 356.0M | 357.0M | 357.0M | 359.0M | 339.0M | 385.5M | 386.5M | 386.0M | 386.5M |
| Current ratio | 0.46 | 0.44 | 0.30 | 0.31 | 0.41 | 0.42 | 0.42 | 0.37 | 0.43 | 0.35 | 0.39 | 0.33 |
| Quick ratio | 0.35 | 0.31 | 0.23 | 0.23 | 0.29 | 0.29 | 0.31 | 0.26 | 0.29 | 0.22 | 0.29 | 0.23 |
| Debt / equity | 0.79 | 0.83 | 0.84 | 0.87 | 0.90 | 0.93 | 0.01 | 0.99 | — | — | — | — |
| Equity / assets | 43.8% | 43.2% | 42.5% | 42.2% | 41.5% | 40.9% | 40.2% | 39.5% | −18.9% | −21.2% | −24.7% | −28.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 5, 2026); data from EODHD.
SIRI financial position
At the end of fiscal 2025 (December 31, 2025), Sirius XM had total assets of $27.2 billion (down 1.0% from a year earlier), total liabilities of $15.7 billion and shareholders' equity of $11.6 billion. It held $94.0 million in cash and short-term investments against $9.7 billion of debt, net debt of $9.6 billion. Its current ratio was 0.30. In the latest quarter (ended June 30, 2026) total assets were $27.2 billion and equity $11.9 billion.
Related: SIRI income statement, SIRI cash flow statement, SIRI key metrics. See the SIRI stock overview for the latest quote and news.
SIRI balance sheet FAQ
What are Sirius XM's total assets?
Sirius XM reported total assets of $27.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $27.5 billion a year earlier.
How much debt does Sirius XM have?
Sirius XM had $9.7 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.84.
How much cash does Sirius XM have?
Sirius XM held $94.0 million in cash and short-term investments at the end of fiscal 2025; with $9.7 billion of debt that is net debt of $9.6 billion.
What is Sirius XM's book value?
Sirius XM's shareholders' equity (book value) was $11.6 billion at the end of fiscal 2025, or $32.39 per share.
What is Sirius XM's current ratio?
Sirius XM had current assets of $1.1 billion and current liabilities of $3.7 billion, a current ratio of 0.30 (current liabilities exceed current assets).
How much goodwill does Sirius XM have?
Sirius XM carried $22.5 billion of goodwill and intangible assets, 82.4% of total assets, at the end of fiscal 2025.