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$104.16+2.9%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE INCOME (LOSS)

(Dollars in thousands, except per share amounts)


· · For the Three Months Ended · · For the Nine Months Ended
· · September 30, · · September 30,
	2025		2024		2025		2024
Revenue:
Service revenue		$3,427,947		$3,671,674		$10,574,210		$11,233,429
Equipment sales and other revenue		186,311		219,310		634,765		625,149
Total revenue		3,614,258		3,890,984		11,208,975		11,858,578

Costs and Expenses (exclusive of depreciation and amortization):
Cost of services		2,370,363		2,538,149		7,264,192		7,602,809
Cost of sales - equipment and other		391,524		393,024		1,185,219		1,164,200
Selling, general and administrative expenses		621,487		643,144		1,848,832		1,862,590
Depreciation and amortization		391,291		477,434		1,372,679		1,470,359
Impairments and other (Note 1)		16,481,468		—		16,481,468		—
Total costs and expenses		20,256,133		4,051,751		28,152,390		12,099,958

Operating income (loss)		(16,641,875)		(160,767)		(16,943,415)		(241,380)

Other Income (Expense):
Interest income		53,187		11,200		184,085		55,591
Interest expense, net of amounts capitalized (Note 2)		(377,072)		(81,503)		(942,359)		(262,077)
Other, net (Note 5)		28,953		52,107		105,480		(65,501)
Total other income (expense)		(294,932)		(18,196)		(652,794)		(271,987)

Income (loss) before income taxes		(16,936,807)		(178,963)		(17,596,209)		(513,367)
Income tax (provision) benefit, net		4,155,459		35,162		4,304,736		53,733
Net income (loss)		(12,781,348)		(143,801)		(13,291,473)		(459,634)
Less: Net income (loss) attributable to noncontrolling interests, net of tax		(152)		(1,989)		(1,476)		(4,855)
Net income (loss) attributable to EchoStar		$(12,781,196)		$(141,812)		$(13,289,997)		$(454,779)

Weighted-average common shares outstanding - Class A and B common stock:
Basic		288,051		271,736		287,362		271,616
Diluted		288,051		271,736		287,362		271,616

Earnings per share - Class A and B common stock:
Basic net income (loss) per share attributable to EchoStar		$(44.37)		$(0.52)		$(46.25)		$(1.67)
Diluted net income (loss) per share attributable to EchoStar		$(44.37)		$(0.52)		$(46.25)		$(1.67)

Comprehensive Income (Loss):
Net income (loss)		$(12,781,348)		$(143,801)		$(13,291,473)		$(459,634)
Other comprehensive income (loss):
Foreign currency translation adjustments		3,902		1,686		19,387		(21,600)
Unrealized holding gains (losses) on available-for-sale debt securities		1,330		66		48		1,497
Recognition of previously unrealized (gains) losses on available-for-sale securities included in net income (loss)		(13)		(15)		1,115		(1,542)
Deferred income tax (expense) benefit, net		(706)		76		(548)		47
Total other comprehensive income (loss), net of tax		4,513		1,813		20,002		(21,598)
Comprehensive income (loss)		(12,776,835)		(141,988)		(13,271,471)		(481,232)
Less: Comprehensive income (loss) attributable to noncontrolling interests, net of tax		(41)		(1,538)		1,594		(8,745)
Comprehensive income (loss) attributable to EchoStar		$(12,776,794)		$(140,450)		$(13,273,065)		$(472,487)

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.