Sirius XM Holdings Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Net Income (loss) per Share (Tables)

12 Months Ended

Dec. 31, 2025


	For the Years Ended December 31,
		2025		2024		2023
Numerator:
Net income (loss) available to common stockholders for basic net income per common share		$	805	$	(1,665)	$	786
Net income (loss) attributable to noncontrolling interest		—		(410)		202
Total net income (loss)		805		(2,075)		988
Effect of assumed conversions of convertible notes, net of tax		(9)		—		13
Net income (loss) available to common stockholders for dilutive net income (loss) per common share		$	796	$	(2,075)	$	1,001
Denominator:
Weighted average common shares outstanding for basic net income (loss) per common share		338		338		339
Weighted average impact of assumed convertible and exchangeable notes		18		—		21
Weighted average impact of dilutive equity instruments		1		—		2
Weighted average shares for diluted net income (loss) per common share		357		338		362
Net income (loss) per common share:
Basic		$	2.38	$	(6.14)	$	2.91
Diluted		$	2.23	$	(6.14)	$	2.77