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Midas Edge

EchoStar CORP

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

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

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

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Contents

Consolidated Statements of Changes in Stockholders’ Equity (Deficit)

(In thousands)

​​​​​​​​​​​​​​​​​​​​​​​​​
​ · ​ · ​ · ​ · ​ · ​ · ​ · Accumulated · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​
​ · ​ · Class A and B · ​ · Additional · ​ · Other · ​ · Accumulated · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Redeemable
​ · ​ · Common · ​ · Paid-In · ​ · Comprehensive · ​ · Earnings · ​ · Treasury · ​ · Noncontrolling · ​ · ​ · ​ · ​ · Noncontrolling
​ · ​ ​ ​ · Stock · ​ ​ ​ · Capital · ​ ​ ​ · Income (Loss) · ​ ​ ​ · (Deficit) · ​ ​ ​ · Stock · ​ ​ ​ · Interests · ​ ​ ​ · Total · ​ · Interests
Balance, December 31, 2022​$269​$8,222,599​$(175,267)​$13,440,040​$—​$98,192​$21,585,833​$464,359
Issuance of Class A common stock​​2​​30,697​​—​​—​​—​​—​​30,699​​—
Non-cash, stock-based compensation​​—​​51,514​​—​​—​​—​​—​​51,514​​—
Other comprehensive income (loss), net of tax​​—​​—​​15,211​​—​​—​​3,650​​18,861​​—
Purchase of Northstar Manager, LLC's ownership interest in Northstar Spectrum​​—​​—​​—​​—​​—​​—​​—​​(109,432)
Deconsolidation of Hughes Systique Corporation​​—​​—​​—​​—​​—​​(15,448)​​(15,448)​​—
Other, net​​—​​(2,831)​​—​​—​​—​​(439)​​(3,270)​​—
Net income (loss) attributable to noncontrolling interests​​—​​—​​—​​—​​—​​(16,222)​​(16,222)​​83,455
Net income (loss) attributable to EchoStar​​—​​—​​—​​(1,702,057)​​—​​—​​(1,702,057)​​—
Balance, December 31, 2023​$271​$8,301,979​$(160,056)​$11,737,983​$—​$69,733​$19,949,910​$438,382
Issuance of Class A common stock​​1​​4,191​​—​​—​​—​​—​​4,192​​—
Proceeds from issuance of PIPE shares​​14​​399,986​​—​​—​​—​​—​​400,000​​—
Non-cash, stock-based compensation​​—​​36,383​​—​​—​​—​​—​​36,383​​—
Other comprehensive income (loss), net of tax​​—​​—​​(35,655)​​—​​—​​(7,295)​​(42,950)​​—
Purchase of SNR Management's ownership interest in SNR HoldCo​​—​​—​​—​​—​​—​​—​​—​​(441,998)
Sale of Assets to CONX, net of deferred taxes of $788​​—​​2,587​​—​​—​​—​​—​​2,587​​—
Release of valuation allowance​​—​​23,234​​—​​—​​—​​—​​23,234​​—
Net income (loss) attributable to noncontrolling interests​​—​​—​​—​​—​​—​​(8,585)​​(8,585)​​3,616
Net income (loss) attributable to EchoStar​​—​​—​​—​​(119,546)​​—​​—​​(119,546)​​—
Balance, December 31, 2024​$286​$8,768,360​$(195,711)​$11,618,437​$—​$53,853​$20,245,225​$—
Issuance of Class A common stock​​4​​66,028​​—​​—​​—​​—​​66,032​​—
Class A common stock repurchases, at cost​​—​​—​​—​​—​​(48,512)​​—​​(48,512)​​—
Non-cash, stock-based compensation​​—​​36,272​​—​​—​​—​​—​​36,272​​—
Other comprehensive income (loss), net of tax​​—​​—​​12,523​​—​​—​​2,120​​14,643​​—
3 7/8% Convertible Secured Notes due 2030 - converted​​—​​4,322​​—​​—​​—​​—​​4,322​​—
Net income (loss) attributable to noncontrolling interests​​—​​—​​—​​—​​—​​(9,759)​​(9,759)​​—
Net income (loss) attributable to EchoStar​​—​​—​​—​​(14,497,180)​​—​​—​​(14,497,180)​​—
Other​​—​​955​​—​​—​​—​​—​​955​​—
Balance, December 31, 2025​$290​$8,875,937​$(183,188)​$(2,878,743)​$(48,512)​$46,214​$5,811,998​$—
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.