EchoStar CORP

For the period ended Sep 30, 2025. Filed Nov 6, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 6, 2025

ECHO$101.19+6.9%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Balance Sheets

(Dollars in thousands, except share amounts)


· · As of
· · September 30, · · December 31,
	2025		2024
Assets
Current Assets:
Cash and cash equivalents		$2,431,742		$4,305,393
Current restricted cash, cash equivalents and marketable investment securities		169,575		150,898
Marketable investment securities		1,482,828		1,242,036
Trade accounts receivable, net of allowance for credit losses of $91,384 and $82,628, respectively		1,127,101		1,198,731
Inventory		416,068		455,197
Prepaids and other assets		384,301		655,233
Other current assets		20,675		88,255
Total current assets		6,032,290		8,095,743

Noncurrent Assets:
Restricted cash, cash equivalents and marketable investment securities		174,352		169,627
Property and equipment, net		3,084,793		9,187,132
Regulatory authorizations, net		34,924,214		39,442,166
Other investments, net		193,272		202,327
Operating lease assets		291,846		3,260,768
Intangible assets, net		62,949		74,939
Other noncurrent assets, net		507,650		505,985
Total noncurrent assets		39,239,076		52,842,944
Total assets		$45,271,366		$60,938,687

Liabilities and Stockholders’ Equity (Deficit)
Current Liabilities:
Trade accounts payable		$668,186		$740,984
Deferred revenue and other		652,398		650,940
Accrued programming		1,222,607		1,339,072
Accrued interest		631,933		352,499
Other accrued expenses and liabilities		2,267,668		1,804,516
Current portion of debt, finance lease and other obligations (Note 9)		4,519,619		943,029
Total current liabilities		9,962,411		5,831,040

Long-Term Obligations, Net of Current Portion:
Long-term debt, finance lease and other obligations, net of current portion (Note 9)		21,791,251		25,660,288
Deferred tax liabilities, net		680,784		4,988,653
Operating lease liabilities		4,266,240		3,211,407
Long-term deferred revenue and other long-term liabilities		1,563,809		1,002,074
Total long-term obligations, net of current portion		28,302,084		34,862,422
Total liabilities		38,264,495		40,693,462

Commitments and Contingencies (Note 10)

Stockholders’ Equity (Deficit):
Class A common stock, $0.001 par value, 1,600,000,000 shares authorized, 158,248,208 and 155,048,676 shares issued, 156,459,188 and 155,048,676 shares outstanding, respectively		159		155
Class B common stock, $0.001 par value, 800,000,000 shares authorized, 131,348,468 shares issued and outstanding		131		131
Additional paid-in capital		8,849,985		8,768,360
Accumulated other comprehensive income (loss)		(178,779)		(195,711)
Accumulated earnings (deficit)		(1,671,560)		11,618,437
Treasury stock, at cost, 1,789,020 shares		(48,512)		—
Total EchoStar stockholders’ equity (deficit)		6,951,424		20,191,372
Noncontrolling interests		55,447		53,853
Total stockholders’ equity (deficit)		7,006,871		20,245,225
Total liabilities and stockholders’ equity (deficit)		$45,271,366		$60,938,687

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.