In the latest data point for Q1'26, Sirius XM Holdings (SIRI) reported a Gross Margin of 52.1%, an Operating Margin of 21.71%, and a Net Profit Margin of 11.7%. This represents a significant recovery in profitability metrics compared to the preceding quarter. From Q2'23 to Q1'26, the company's Gross Margin remained relatively stable, fluctuating within a narrow range between 51.5% and 53.5%. However, the Operating and Net Profit Margins exhibited substantial volatility, most notably during Q3'24 when both figures dropped sharply into negative territory at -133.63% and -113.1% respectively. Despite these periodic fluctuations and a notable dip in Q4'25, the overall trend shows a consistent ability to maintain a high Gross Margin while working to stabilize bottom-line profitability.