# Sirius XM Holdings Inc.: overview

SIRI · Nasdaq · CIK 908937 · [Communication](/sectors/communication.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/siri.md) · [Financials](/companies/siri/financials.md) · [Filings](/companies/siri/filings.md) · [Insiders](/companies/siri/insiders.md)

Latest reported revenue: [$2.16bn](/filings/0000908937-26-000022.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 30, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0000908937-26-000022).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [2,171](/filings/0000908937-25-000030.md) | [2,188 d](/filings/0000908937-26-000006.md) | [2,068](/filings/0000908937-26-000011.md) | [2,138](/filings/0000908937-26-000022.md) | [2,159](/filings/0000908937-25-000030.md) | [2,193 d](/filings/0000908937-26-000006.md) | [2,091](/filings/0000908937-26-000011.md) | [2,160](/filings/0000908937-26-000022.md) |
| Gross margin | % | [53.2%](/filings/0000908937-25-000030.md) | [53.0% d](/filings/0000908937-26-000006.md) | [52.0%](/filings/0000908937-26-000011.md) | [52.4%](/filings/0000908937-26-000022.md) | [52.2%](/filings/0000908937-25-000030.md) | [53.0% d](/filings/0000908937-26-000006.md) | [52.8%](/filings/0000908937-26-000011.md) | [53.0%](/filings/0000908937-26-000022.md) |
| Operating margin | % | [(133.6%)](/filings/0000908937-25-000030.md) | [23.1% d](/filings/0000908937-26-000006.md) | [18.7%](/filings/0000908937-26-000011.md) | [17.1%](/filings/0000908937-26-000022.md) | [22.8%](/filings/0000908937-25-000030.md) | [10.3% d](/filings/0000908937-26-000006.md) | [21.7%](/filings/0000908937-26-000011.md) | [21.9%](/filings/0000908937-26-000022.md) |
| Net margin | % | [(113.1%)](/filings/0000908937-25-000030.md) | [13.1% d](/filings/0000908937-26-000006.md) | [9.9%](/filings/0000908937-26-000011.md) | [9.6%](/filings/0000908937-26-000022.md) | [13.8%](/filings/0000908937-25-000030.md) | [4.5% d](/filings/0000908937-26-000006.md) | [11.7%](/filings/0000908937-26-000011.md) | [11.1%](/filings/0000908937-26-000022.md) |
| Diluted EPS | $ per share | [(8.74)](/filings/0000908937-25-000030.md) | not reported | [0.59](/filings/0000908937-26-000011.md) | [0.57](/filings/0000908937-26-000022.md) | [0.84](/filings/0000908937-25-000030.md) | not reported | [0.72](/filings/0000908937-26-000011.md) | [0.70](/filings/0000908937-26-000022.md) |
| Free cash flow | $m | [93.0 d](/filings/0000908937-25-000030.md) | [514 d](/filings/0000908937-26-000006.md) | [53.0](/filings/0000908937-26-000011.md) | [401 d](/filings/0000908937-26-000022.md) | [255 d](/filings/0000908937-25-000030.md) | [536 d](/filings/0000908937-26-000006.md) | [166](/filings/0000908937-26-000011.md) | [592 d](/filings/0000908937-26-000022.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [8,696](/filings/0000908937-24-000008.md) | [9,003](/filings/0000908937-25-000005.md) | [8,953](/filings/0000908937-26-000006.md) | [8,699](/filings/0000908937-26-000006.md) | [8,558](/filings/0000908937-26-000006.md) |
| Gross margin | % | [54.9%](/filings/0000908937-24-000008.md) | [54.6%](/filings/0000908937-25-000005.md) | [53.5%](/filings/0000908937-26-000006.md) | [53.1%](/filings/0000908937-26-000006.md) | [52.4%](/filings/0000908937-26-000006.md) |
| Operating margin | % | [23.2%](/filings/0000908937-24-000008.md) | [21.3%](/filings/0000908937-25-000005.md) | [20.2%](/filings/0000908937-26-000006.md) | [(17.4%)](/filings/0000908937-26-000006.md) | [17.2%](/filings/0000908937-26-000006.md) |
| Net margin | % | [15.1%](/filings/0000908937-24-000008.md) | [10.1%](/filings/0000908937-25-000005.md) | [8.8%](/filings/0000908937-26-000006.md) | [(19.1%)](/filings/0000908937-26-000006.md) | [9.4%](/filings/0000908937-26-000006.md) |
| Diluted EPS | $ per share | [0.32](/filings/0000908937-24-000008.md) | [2.96](/filings/0000908937-25-000005.md) | [2.77](/filings/0000908937-26-000006.md) | [(6.14)](/filings/0000908937-26-000006.md) | [2.23](/filings/0000908937-26-000006.md) |
| Free cash flow | $m | [1,610](/filings/0000908937-24-000008.md) | [1,555](/filings/0000908937-25-000005.md) | [1,179](/filings/0000908937-26-000006.md) | [1,013](/filings/0000908937-26-000006.md) | [1,245](/filings/0000908937-26-000006.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/siri/insiders.md)

| Date | Insider | Role | Transaction | Shares | Reported price | Value | Filing |
| --- | --- | --- | --- | ---: | ---: | ---: | --- |
| 2025-08-04 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Purchase (P) | 1,037,199 | $21.6252 | $22.4m | [Form 4](/filings/0000950170-25-102303.md) |
| 2025-08-01 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Purchase (P) | 1,930,000 | $21.0228 | $40.6m | [Form 4](/filings/0000950170-25-102303.md) |
| 2025-07-31 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Purchase (P) | 85,389 | $21.4305 | $1.8m | [Form 4](/filings/0000950170-25-102303.md) |
| 2025-07-31 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Purchase (P) | 1,977,837 | $21.0436 | $41.6m | [Form 4](/filings/0000950170-25-102303.md) |
| 2025-02-03 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Purchase (P) | 283,899 | $24.0519 | $6.8m | [Form 4](/filings/0000950170-25-012600.md) |
| 2025-02-03 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Purchase (P) | 433,079 | $23.4873 | $10.2m | [Form 4](/filings/0000950170-25-012600.md) |
| 2025-01-31 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Purchase (P) | 840,000 | $23.6172 | $19.8m | [Form 4](/filings/0000950170-25-012600.md) |
| 2025-01-30 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Purchase (P) | 751,141 | $22.7903 | $17.1m | [Form 4](/filings/0000950170-25-012600.md) |
| 2024-12-19 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Purchase (P) | 31,326 | $21.519 | $674.1k | [Form 4](/filings/0000950170-24-138712.md) |
| 2024-12-19 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Purchase (P) | 2,038,051 | $20.8464 | $42.5m | [Form 4](/filings/0000950170-24-138712.md) |
| 2024-12-18 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Purchase (P) | 538,940 | $22.4944 | $12.1m | [Form 4](/filings/0000950170-24-138712.md) |
| 2024-12-18 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Purchase (P) | 915,527 | $21.9426 | $20.1m | [Form 4](/filings/0000950170-24-138712.md) |
| 2024-12-17 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Purchase (P) | 1,440,000 | $22.1267 | $31.9m | [Form 4](/filings/0000950170-24-138712.md) |
| 2024-10-31 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Purchase (P) | 679,207 | $26.5913 | $18.1m | [Form 4](/filings/0000950170-24-119748.md) |
| 2024-10-30 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Purchase (P) | 925,205 | $27.444 | $25.4m | [Form 4](/filings/0000950170-24-119748.md) |
| 2024-10-29 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Purchase (P) | 623,527 | $27.65 | $17.2m | [Form 4](/filings/0000950170-24-119748.md) |
| 2024-10-18 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Purchase (P) | 175,569 | $27.4305 | $4.8m | [Form 4](/filings/0000950170-24-115720.md) |
| 2024-10-17 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Purchase (P) | 1,040,000 | $27.0137 | $28.1m | [Form 4](/filings/0000950170-24-115720.md) |
| 2024-10-16 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Purchase (P) | 342,133 | $26.987 | $9.2m | [Form 4](/filings/0000950170-24-115720.md) |
| 2024-10-11 | [Berkshire Hathaway Inc](/insiders/1067983.md) | 10% owner | Purchase (P) | 1,259,259 | $24.9474 | $31.4m | [Form 4](/filings/0000950170-24-114414.md) |

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Berkshire Hathaway Inc](/funds/1067983.md) | 2026-06-30 | $3.69bn | 124,807,117 |  | Unchanged |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $520.0m | 17,602,229 |  | Added +7,977,045 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $310.5m | 10,512,352 |  | Added +4,211,171 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $268.3m | 9,082,629 |  | Added +377,881 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $247.7m | 8,386,784 |  | Added +83,154 |
| [Kontiki Capital Management (HK) Ltd.](/funds/1713390.md) | 2026-06-30 | $179.7m | 6,082,824 |  | Added +386,100 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $177.0m | 5,992,497 |  | Added +2,444,881 |
| [Boston Partners](/funds/1386060.md) | 2026-06-30 | $150.2m | 5,080,806 |  | New +5,080,806 |
| [Gates Capital Management, Inc.](/funds/1312908.md) | 2026-06-30 | $134.1m | 4,539,927 |  | Added +1,797,568 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $129.2m | 4,375,200 | Call | Reduced −245,200 |

## Recent filings

[All 2,041 filings](/companies/siri/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-29 | 07:54 ET | [8-K](/filings/0000908937-26-000027.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000908937-26-000027 |
| 2026-07-30 | 09:45 ET | [10-Q](/filings/0000908937-26-000022.md) | Quarterly report, period 2026-06-30 | 0000908937-26-000022 |
| 2026-07-30 | 07:57 ET | [8-K](/filings/0000908937-26-000020.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000908937-26-000020 |
| 2026-07-30 | 07:00 ET | [8-K](/filings/0001104659-26-088449.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001104659-26-088449 |
| 2026-06-10 | 20:45 ET | [SCHEDULE 13D/A](/filings/0001104659-26-072493.md) | Ownership report, active investor, amended | 0001104659-26-072493 |
| 2026-06-01 | 16:28 ET | [8-K](/filings/0000908937-26-000015.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0000908937-26-000015 |
| 2026-04-30 | 09:25 ET | [10-Q](/filings/0000908937-26-000011.md) | Quarterly report, period 2026-03-31 | 0000908937-26-000011 |
| 2026-04-30 | 07:48 ET | [8-K](/filings/0000908937-26-000010.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000908937-26-000010 |
| 2026-04-10 | 08:30 ET | [DEF 14A](/filings/0001104659-26-041777.md) | Proxy statement, period 2026-05-28 | 0001104659-26-041777 |
| 2026-03-10 | 16:15 ET | [8-K](/filings/0001104659-26-025845.md) | 8.01 Other events | 0001104659-26-025845 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000908937-26-000006.md), filed Feb 5, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, locked when the 8-K was accepted. It is scored when the 10-Q or 10-K is ingested. [See the target](/leagues/2026q3/targets/7b0c34db-d910-4042-85a4-c5d8e8eaddfc)

## About the filer

- CIK: 908937
- Tickers: SIRI
- Exchange: Nasdaq
- SIC code: 4832 Radio Broadcasting Stations
- State of incorporation: not reported
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 10:14 ET. No prices; not investment advice.