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

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Contents

Consolidated Statements of Operations and Comprehensive Income (Loss)

(Dollars in thousands, except per share amounts)


· · For the Years Ended December 31,
· · 2025 · · 2024 · · 2023
Revenue:
Service revenue	$14,023,730	$14,956,126	$16,145,763
Equipment sales and other revenue	981,259	869,390	869,835
Total revenue	15,004,989	15,825,516	17,015,598

Costs and Expenses (exclusive of depreciation and amortization):
Cost of services	9,445,223	10,135,622	9,510,427
Cost of sales - equipment and other	1,685,099	1,636,955	2,434,904
Selling, general and administrative expenses	2,380,253	2,426,816	2,989,154
Depreciation and amortization	1,585,549	1,930,193	1,597,923
Impairments and other (Note 1)	17,632,011	—	761,099
Total costs and expenses	32,728,135	16,129,586	17,293,507

Operating income (loss)	(17,723,146)	(304,070)	(277,909)

Other Income (Expense):
Interest income	228,733	116,625	207,374
Interest expense, net of amounts capitalized (Note 2)	(1,521,713)	(481,622)	(90,357)
Other, net (Note 6)	122,812	593,497	(1,770,792)
Total other income (expense)	(1,170,168)	228,500	(1,653,775)

Income (loss) before income taxes	(18,893,314)	(75,570)	(1,931,684)
Income tax (provision) benefit, net	4,386,375	(48,945)	296,860
Net income (loss)	(14,506,939)	(124,515)	(1,634,824)
Less: Net income (loss) attributable to noncontrolling interests, net of tax	(9,759)	(4,969)	67,233
Net income (loss) attributable to EchoStar	$(14,497,180)	$(119,546)	$(1,702,057)

Weighted-average common shares outstanding - Class A and B common stock:
Basic	287,589	274,079	270,842
Diluted	287,589	274,079	270,842

Earnings per share - Class A and B common stock:
Basic net income (loss) per share attributable to EchoStar	$(50.41)	$(0.44)	$(6.28)
Diluted net income (loss) per share attributable to EchoStar	$(50.41)	$(0.44)	$(6.28)

Comprehensive Income (Loss):
Net income (loss)	$(14,506,939)	$(124,515)	$(1,634,824)
Other comprehensive income (loss):
Foreign currency translation adjustments	14,040	(43,525)	19,129
Unrealized holding gains (losses) on available-for-sale debt securities	(78)	1,549	(306)
Recognition of previously unrealized (gains) losses on available-for-sale securities included in net income (loss)	930	(1,539)	550
Deferred income tax (expense) benefit, net	(249)	565	(512)
Total other comprehensive income (loss), net of tax	14,643	(42,950)	18,861
Comprehensive income (loss)	(14,492,296)	(167,465)	(1,615,963)
Less: Comprehensive income (loss) attributable to noncontrolling interests, net of tax	(7,639)	(12,264)	70,883
Comprehensive income (loss) attributable to EchoStar	$(14,484,657)	$(155,201)	$(1,686,846)

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.