Sirius XM Holdings Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.56B | $8.70B | $8.95B | $9.00B | $8.70B | $8.04B | $7.79B | $5.77B |
| Cost of Revenue | — | — | — | — | — | — | $3.38B | — |
| Gross Profit | $4.49B | $4.62B | $4.79B | $4.92B | $4.77B | $4.51B | $4.41B | — |
| Gross Margin | 52.4% | 53.1% | 53.5% | 54.6% | 54.9% | 56.0% | 56.6% | — |
| Operating Expenses | ||||||||
| Research & Development | $263.0M | $296.0M | $322.0M | $285.0M | $265.0M | $263.0M | $280.0M | $123.0M |
| SG&A Expense | $549.0M | $497.0M | $608.0M | $563.0M | $514.0M | $511.0M | $524.0M | $354.0M |
| Operating Income | $1.47B | $-1.52B | $1.81B | $1.92B | $2.02B | $858.0M | $1.65B | $1.73B |
| Operating Margin | 17.2% | -17.4% | 20.2% | 21.3% | 23.2% | 10.7% | 21.1% | 29.9% |
| Interest Expense | — | — | $423.0M | $422.0M | $415.0M | $394.0M | $390.0M | $350.0M |
| Pretax Income | $1.06B | $-1.87B | $1.21B | $1.49B | $1.53B | $430.0M | $1.20B | $1.42B |
| Income Tax Expense | $251.0M | $210.0M | $222.0M | $368.0M | $212.0M | $299.0M | $283.0M | $245.0M |
| Net Income | $805.0M | $-1.67B | $786.0M | $908.0M | $1.31B | $131.0M | $914.0M | $1.18B |
| Net Margin | 9.4% | -19.1% | 8.8% | 10.1% | 15.1% | 1.6% | 11.7% | 20.4% |
| EPS (Basic) | $2.38 | $-6.14 | $2.91 | $3.22 | $0.32 | $0.03 | $0.20 | $0.26 |
| EPS (Diluted) | $2.23 | $-6.14 | $2.77 | $2.96 | $0.32 | $0.03 | $0.20 | $0.26 |
| Shares Outstanding (Basic) | 338.0M | 338.0M | 339.0M | 347.0M | 4.06B | 4.33B | 4.50B | 4.46B |
| Shares Outstanding (Diluted) | 357.0M | 338.0M | 362.0M | 368.0M | 4.14B | 4.43B | 4.62B | 4.56B |
| Dividends Per Share | — | — | $0.10 | $0.34 | $0.07 | $0.05 | $0.05 | $0.05 |