Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.02B | $5.42B | $5.77B | $7.79B | $8.04B | $8.70B | $9.00B | $8.95B | $8.70B | $8.56B |
| Revenue growth | — | 8.1% | 6.4% | 35.1% | 3.2% | 8.2% | 3.5% | -0.6% | -2.8% | -1.6% |
| Gross profit | — | — | — | $4.41B | $4.50B | $4.77B | $4.92B | $4.79B | $4.62B | $4.49B |
| Gross margin | — | — | — | 56.6% | 56.0% | 54.9% | 54.6% | 53.5% | 53.1% | 52.4% |
| Operating income | $1.43B | $1.64B | $1.73B | $1.65B | $858M | $2.02B | $1.92B | $1.81B | -$1.52B | $1.47B |
| Operating margin | 28.5% | 30.2% | 29.9% | 21.1% | 10.7% | 23.2% | 21.3% | 20.2% | -17.4% | 17.2% |
| Net income | $746M | $648M | $1.18B | $914M | $131M | $1.31B | $908M | $786M | -$1.67B | $805M |
| Net margin | 14.9% | 11.9% | 20.4% | 11.7% | 1.6% | 15.1% | 10.1% | 8.8% | -19.1% | 9.4% |
| EPS (diluted) | $0.15 | $0.14 | $0.26 | $0.20 | $0.03 | $0.32 | $2.96 | $2.77 | -$6.14 | $2.23 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.72B | $1.86B | $1.88B | $2.02B | $2.02B | $2.00B | $1.98B | $1.83B | $1.74B | $1.90B |
| Capital expenditures | $206M | $288M | $355M | $363M | $350M | $388M | $426M | $650M | $728M | $653M |
| Free cash flow | $1.51B | $1.57B | $1.52B | $1.65B | $1.67B | $1.61B | $1.55B | $1.18B | $1.01B | $1.25B |
| Share buybacks | $1.67B | $1.41B | $1.31B | $2.16B | $1.55B | $1.52B | $647M | $274M | $6.00M | $136M |
| Dividends paid | $48.1M | $190M | $201M | $226M | $237M | $268M | — | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $214M | $69.0M | $54.0M | $106M | $71.0M | $191M | $362M | $306M | $162M | $94.0M |
| Total assets | $8.00B | $8.33B | $8.17B | $11.1B | $10.3B | $10.3B | $10.0B | $30.1B | $27.5B | $27.2B |
| Total liabilities | $8.80B | $9.85B | $9.99B | $11.9B | $12.6B | $12.9B | $13.4B | $17.0B | $16.4B | $15.7B |
| Shareholders' equity | -$792M | -$1.52B | -$1.82B | -$736M | -$2.29B | -$2.63B | -$3.35B | $10.1B | $11.1B | $11.6B |
| Retained earnings | -$3.89B | -$3.24B | -$2.06B | -$1.14B | -$2.29B | -$2.64B | -$3.35B | $15.4B | $11.1B | $11.6B |
| Shares (wtd avg diluted) | 4.96B | 4.72B | 4.56B | 4.62B | 4.43B | 4.14B | 368M | 362M | 338M | 357M |
Every figure is extracted from SIRIUS XM HOLDINGS INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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