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Equity | 9 Months Ended
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Sep. 30, 2025
Equity [Abstract] |
Equity | Equity Common Stock, par value $0.001 per share We are authorized to issue up to 900 shares of common stock. There were 337 and 339 shares of common stock issued and outstanding at September 30, 2025 and December 31, 2024, respectively. As of September 30, 2025, there were 32 shares of common stock reserved for issuance in connection with outstanding stock-based awards to members of our board of directors, employees and third parties. Sirius XM Holdings equity activity All share and per share amounts have been adjusted to reflect the conversion of Old Sirius shares into SplitCo common stock on a one-for-ten basis. Quarterly Dividends During the nine months ended September 30, 2025 and 2024, our board of directors declared and paid the following dividends:
Declaration Date |  | Dividend Per Share |  | Record Date |  | Total Amount (1) |  | Payment Date
2025 dividends |  |  |  |  |  |  |  |
January 22, 2025 |  | $ | 0.27 |  |  | February 7, 2025 |  | $ | 91 |  |  | February 25, 2025
April 16, 2025 |  | $ | 0.27 |  |  | May 9, 2025 |  | $ | 92 |  |  | May 28, 2025
July 23, 2025 |  | $ | 0.27 |  |  | August 8, 2025 |  | $ | 91 |  |  | August 27, 2025
2024 dividends |  |  |  |  |  |  |  |
January 24, 2024 |  | $ | 0.266 |  |  | February 9, 2024 |  | $ | 102 |  |  | February 23, 2024
April 24, 2024 |  | $ | 0.266 |  |  | May 10, 2024 |  | $ | 103 |  |  | May 29, 2024
July 24, 2024 |  | $ | 0.266 |  |  | August, 9, 2024 |  | $ | 103 |  |  | August 26, 2024
(1)During the three and nine months ended September 30, 2024, we paid dividends of $17 and $51, respectively, to noncontrolling interests. Stock Repurchase Program On September 9, 2024, our board of directors approved for repurchase an aggregate of $1,166 of our common stock. The board of directors did not establish an end date for this stock repurchase program. Shares of common stock may be purchased from time to time on the open market, pursuant to pre-set trading plans meeting the requirements of Rule 10b5-1 under the Exchange Act, in privately negotiated transactions, including in accelerated stock repurchase transactions, or otherwise. We intend to fund any stock repurchases through a combination of cash on hand, cash generated by operations and future borrowings. The size and timing of any purchases will be based on a number of factors, including price and business and market conditions. Prior to the closing of the Transactions, the board of directors of Old Sirius had approved the repurchase of an aggregate of $18,000 of its common stock. As of the closing of the Transactions, Old Sirius repurchased $16,834 since December 2012, and $1,166 remained available under that program. The stock repurchase program of Old Sirius was terminated on the closing date of the Transactions. As of September 30, 2025, our cumulative repurchases since the closing of the Transactions under our stock repurchase program totaled 4,371 thousand shares for $96, of which 4,070 thousand shares were repurchased during the nine months ended September 30, 2025 for $90 and $1,070 remained available for additional repurchases under our existing stock repurchase program authorization. The following table summarizes our total share repurchase activity for the nine months ended:
|  | September 30, 2025 |  | September 30, 2024 |  |
Share Repurchase Type |  | Shares (in thousands) |  | Amount |  | Shares (in thousands) |  | Amount |  |  |  |
Open Market Repurchases(a) |  | 4,070 |  |  | $ | 90 |  |  | — |  |  | $ | — |  |  |  |  |
(a)As of September 30, 2025, less than $1 of common stock repurchases had not settled, nor been retired, and were recorded as Treasury stock within our unaudited consolidated balance sheets and unaudited consolidated statement of equity.

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