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AI brief of an SEC Form 8-K · SiriusXM (SIRI)

Sirius XM 2025 revenue falls 2% to $8.56 billion; 2026 guidance is about $8.5 billion

Mixed Impact 3 of 5 earnings Written later

Sirius XM reported fourth-quarter and full-year 2025 results. Full-year revenue fell 2% to $8.56 billion and net income rose to $805 million from a net loss in 2024 that included large impairment charges, while fourth-quarter net income fell to $99 million from $287 million. The company guided 2026 revenue of about $8.5 billion, adjusted EBITDA of about $2.6 billion and free cash flow of about $1.35 billion, compared with 2025 free cash flow of $1.26 billion.

Key points

  • Full-year 2025 revenue was $8.56 billion, down 2% from $8.70 billion in 2024; fourth-quarter revenue was $2.19 billion, flat year over year
  • Full-year 2025 net income was $805 million, compared with a net loss of $2.08 billion in 2024; fourth-quarter net income was $99 million, versus $287 million a year earlier
  • Full-year 2025 adjusted EBITDA was $2.67 billion, down 2%; free cash flow was $1.26 billion, up 24%
  • 2026 guidance: revenue of about $8.5 billion, adjusted EBITDA of about $2.6 billion and free cash flow of about $1.35 billion

The filing

CompanySiriusXM (SIRI)
Form8-K, current report
Filed with the SECFeb 5, 2026, 7:55 AM ET
Accession number0000908937-26-000003

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.