EchoStar CORP

For the period ended Dec 31, 2025. Filed Mar 2, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 2, 2026

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(Dollars in thousands, except share amounts)


· · As of December 31,
· · 2025 · · 2024
Assets
Current Assets:
Cash and cash equivalents	$1,883,074	$4,305,393
Current restricted cash, cash equivalents and marketable investment securities	175,838	150,898
Marketable investment securities	1,100,891	1,242,036
Trade accounts receivable, net of allowance for credit losses of $79,590 and $82,628, respectively	1,273,849	1,198,731
Inventory	380,647	455,197
Prepaids and other assets	284,194	655,233
Other current assets	34,678	88,255
Total current assets	5,133,171	8,095,743

Noncurrent Assets:
Restricted cash, cash equivalents and marketable investment securities	176,203	169,627
Property and equipment, net	2,243,515	9,187,132
Regulatory authorizations, net	34,548,952	39,442,166
Other investments, net	194,046	202,327
Operating lease assets	214,549	3,260,768
Intangible assets, net	54,413	74,939
Other noncurrent assets, net	451,506	505,985
Total noncurrent assets	37,883,184	52,842,944
Total assets	$43,016,355	$60,938,687

Liabilities and Stockholders’ Equity (Deficit)
Current Liabilities:
Trade accounts payable	$541,706	$740,984
Deferred revenue and other	639,173	650,940
Accrued programming	1,224,222	1,339,072
Accrued interest	309,462	352,499
Other accrued expenses and liabilities	2,327,587	1,804,516
Current portion of debt, finance lease and other obligations (Note 10)	7,321,269	943,029
Total current liabilities	12,363,419	5,831,040

Long-Term Obligations, Net of Current Portion:
Long-term debt, finance lease and other obligations, net of current portion (Note 10)	18,658,602	25,660,288
Deferred tax liabilities, net	598,590	4,988,653
Operating lease liabilities	4,137,269	3,211,407
Long-term deferred revenue and other long-term liabilities	1,446,477	1,002,074
Total long-term obligations, net of current portion	24,840,938	34,862,422
Total liabilities	37,204,357	40,693,462

Commitments and Contingencies (Note 15)

Stockholders’ Equity (Deficit):
Class A common stock, $0.001 par value, 1,600,000,000 shares authorized, 159,266,457 and 155,048,676 shares issued, 157,477,437 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	8,875,937	8,768,360
Accumulated other comprehensive income (loss)	(183,188)	(195,711)
Accumulated earnings (deficit)	(2,878,743)	11,618,437
Treasury stock, at cost, 1,789,020 shares	(48,512)	—
Total EchoStar stockholders’ equity (deficit)	5,765,784	20,191,372
Noncontrolling interests	46,214	53,853
Total stockholders’ equity (deficit)	5,811,998	20,245,225
Total liabilities and stockholders’ equity (deficit)	$43,016,355	$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.