SIRIUS XM HOLDINGS INC.

Listed Company

SIRICIK 0000908937NasdaqLarge AcceleratedRadio Broadcasting StationsFY ends Dec 31

Period

FY 2025

Revenue

$8.56B

Net Income

$805.00M

Total Assets

$27.24B

Equity

$11.56B

Shares Out

336.62M

Op. Cash Flow

$1.90B

Business

SIRIUS XM HOLDINGS INC. operates as a leading North American audio entertainment company providing subscription and ad-supported audio services. Its main products and services include the SiriusXM satellite subscription service, Pandora ad-supported and premium streaming and on-demand services, a podcast network, advertising sales through SiriusXM Media, advertising technology via AdsWizz, podcast management through Simplecast, and connected vehicle and data services. The company reports two primary business segments: its SiriusXM business and its Pandora and Off-platform business. Its offerings are distributed across proprietary satellite systems, mobile and web apps, automakers and connected devices, retailers and online channels.

Summary from filing dated 2025-01-30

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	8,558	8,699	8,953	9,003	8,696
Subscriber acquisition costs	414	369	359	352	325
Sales and marketing	760	894	931	1,075	1,056
Product and technology	263	296	322	285	265
General and administrative	549	497	608	563	514
Depreciation and amortization	547	578	624	611	533
Impairment, restructuring and other costs	436	3,453	92	68	20
Total operating expenses	7,087	10,216	7,145	7,084	6,681
Income (loss) from operations	1,471	−1,517	1,808	1,919	2,015
Interest expense	−459	−496	−534	−503	—
Gain on extinguishment of debt	0	12	0	0	−83
Other income (expense), net	44	136	−64	70	9
Total other expense	−415	−348	−598	−433	−489
Income (loss) before income taxes	1,056	−1,865	1,210	1,486	1,526
Income tax expense	−251	−210	−222	−368	−212
Net income (loss)	805	−2,075	988	1,118	—
Less net income (loss) attributable to noncontrolling interests	0	−410	202	210	—
Net income (loss) attributable to Sirius XM Holdings Inc.	805	−1,665	786	908	—
Basic (in USD per share)	2.38	−6.14	2.91	3.22	0.32
Diluted (in USD per share)	2.23	−6.14	2.77	2.96	0.32
Basic (in shares)	338	338	339	347	4,062
Diluted (in shares)	357	338	362	368	4,143

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	94	162	306	362	191
Prepaid expenses and other current assets	218	290	310	284	246
Total current assets	1,098	1,149	1,361	1,038	1,180
Property and equipment, net	2,260	2,109	1,791	1,499	1,450
FCC licenses	8,610	8,610	8,600	—	—
Other intangible assets, net	1,455	1,579	1,710	—	—
Goodwill	12,390	12,390	15,209	15,209	3,151
Equity method investments	941	1,043	837	—	—
Other long-term assets	483	641	670	236	223
Total assets	27,237	27,521	30,056	10,022	10,274
Accounts payable and accrued expenses	1,290	1,284	1,303	1,248	1,299
Accrued interest	171	172	174	165	173
Current portion of deferred revenue	976	1,050	1,195	1,322	1,454
Current maturities of debt	1,058	61	1,079	196	0
Total current liabilities	3,653	2,731	3,951	2,981	2,980
Long-term deferred revenue	92	82	88	81	97
Long-term debt, including $579 and $594 measured at fair value at December 31, 2025 and December 31, 2024, respectively (Note 12)	8,648	10,314	10,073	9,256	8,832
Deferred tax liabilities	2,238	2,220	2,411	565	478
Other long-term liabilities	1,043	1,100	537	170	150
Total liabilities	15,674	16,447	16,954	13,373	12,899
Commitments and contingencies (Note 15)	—	—	—	—	—
Common stock, par value $0.001 per share; 900 shares authorized; 335 and 339 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	0	0	0	4	4
Accumulated other comprehensive loss, net of tax	−50	−46	7	−4	15
Additional paid-in capital	0	0	0	—	0
Treasury stock, at cost; 45 thousand and 26 thousand shares of common stock at December 31, 2025 and December 31, 2024, respectively	−1	−1	0	—	—
Retained earnings	11,614	11,121	15,354	−3,351	−2,636
Total stockholders equity	11,563	11,074	10,076	−3,351	−2,625
Total liabilities and stockholders equity	27,237	27,521	30,056	10,022	10,274

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Non-cash impairment and restructuring costs	228	3,355	26	65	—
Non-cash interest expense, net of amortization of premium	18	24	14	19	21
Unrealized gains on intergroup interests, net	0	0	−68	19	—
Realized and unrealized gains on financial instruments, net	−25	−115	126	−83	—
Share of losses of equity method investments, net	124	116	19	5	18
Share-based payment expense	179	200	203	209	202
Deferred income tax expense (benefit)	29	−161	−40	240	131
Amortization of right-of-use assets	42	44	45	49	50
Other charges, net	40	46	61	69	—
Receivables and other assets	−84	−128	−148	−28	—
Deferred revenue	−64	−150	−119	−149	−287
Payables and other liabilities	59	19	98	−163	—
Net cash provided by operating activities	1,898	1,741	1,829	1,981	1,998
Additions to property and equipment	−653	−728	−650	−426	−388
Other investing activities, net	−94	−242	−46	3	—
Net cash used in investing activities	−747	−970	−696	−493	−200
Taxes paid from net share settlements for stock-based compensation	−33	−44	−64	−147	−103
Revolving credit facility borrowings	1,462	2,105	1,670	2,300	1,177
Revolving credit facility repayments	−1,442	−2,105	−1,750	−2,220	−1,830
Proceeds from long-term borrowings, net of costs	0	1,100	1,011	600	4,442
Repayments of long-term borrowings	−699	−1,809	−2,032	−419	−3,503
Settlement of intergroup interests	0	0	273	78	—
Common stock repurchased and retired	−136	−6	−274	−647	−1,523
Dividends paid	−365	−143	−65	−249	−268
Other financing activities, net	−6	−14	43	23	0
Net cash used in financing activities	−1,219	−916	−1,188	−1,724	−1,682
Net decrease in cash, cash equivalents and restricted cash	−68	−145	−55	−236	116
Interest, net of amounts capitalized	439	473	507	487	393
Income taxes paid	156	218	165	136	82
Finance lease obligations incurred to acquire assets	0	0	8	14	0
Settlement of debt obligations incurred to acquire assets	0	0	61	0	—
Tax equity investments	22	722	0	0	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro