EchoStar CORP

For the period ended Jun 30, 2025. Filed Aug 1, 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.

Jun 30, 2025 · Filed Aug 1, 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
· · June 30, · · December 31,
	2025		2024
Assets
Current Assets:
Cash and cash equivalents		$2,345,085		$4,305,393
Current restricted cash, cash equivalents and marketable investment securities		184,012		150,898
Marketable investment securities		1,988,001		1,242,036
Trade accounts receivable, net of allowance for credit losses of $98,231 and $82,628, respectively		1,158,592		1,198,731
Inventory		375,118		455,197
Prepaids and other assets		771,171		655,233
Other current assets		94,247		88,255
Total current assets		6,916,226		8,095,743

Noncurrent Assets:
Restricted cash, cash equivalents and marketable investment securities		176,004		169,627
Property and equipment, net		8,773,656		9,187,132
Regulatory authorizations, net		40,029,923		39,442,166
Other investments, net		191,792		202,327
Operating lease assets		3,218,062		3,260,768
Intangible assets, net		66,903		74,939
Other noncurrent assets, net		509,831		505,985
Total noncurrent assets		52,966,171		52,842,944
Total assets		$59,882,397		$60,938,687

Liabilities and Stockholders’ Equity (Deficit)
Current Liabilities:
Trade accounts payable		$745,587		$740,984
Deferred revenue and other		638,989		650,940
Accrued programming		1,251,114		1,339,072
Accrued interest		308,917		352,499
Other accrued expenses and liabilities		1,675,958		1,804,516
Current portion of debt, finance lease and other obligations (Note 9)		1,053,230		943,029
Total current liabilities		5,673,795		5,831,040

Long-Term Obligations, Net of Current Portion:
Long-term debt, finance lease and other obligations, net of current portion (Note 9)		25,401,688		25,660,288
Deferred tax liabilities, net		4,809,572		4,988,653
Operating lease liabilities		3,178,737		3,211,407
Long-term deferred revenue and other long-term liabilities		1,027,111		1,002,074
Total long-term obligations, net of current portion		34,417,108		34,862,422
Total liabilities		40,090,903		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, 156,299,276 and 155,048,676 shares issued and outstanding, respectively		156		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		8,809,264		8,768,360
Accumulated other comprehensive income (loss)		(183,181)		(195,711)
Accumulated earnings (deficit)		11,109,636		11,618,437
Total EchoStar stockholders’ equity (deficit)		19,736,006		20,191,372
Noncontrolling interests		55,488		53,853
Total stockholders’ equity (deficit)		19,791,494		20,245,225
Total liabilities and stockholders’ equity (deficit)		$59,882,397		$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.