FY2025 · ended Dec 31, 2025 · Revenue $15.00B, -5.2% YoY · Filed Mar 2, 2026
EchoStar Corporation (ECHO) files with the SEC under industry code 4899, Communications Services, NEC. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $15.0 billion and a net loss of $14.5 billion. Free cash flow was -$1.1 billion. As of Sep 30, 2026 it held $14.0 billion in cash and investments and $9.7 billion in total debt.
Revenue (TTM)
$12.17B
-19.8% vs year-ago TTM
Net income
$-14.50B
-22941.8% vs prior year
Operating cash flow (TTM)
$-83.95M
-122.6% vs year-ago TTM
Free cash flow (TTM)
$-532.75M
+31.7% vs year-ago TTM
EPS (TTM)
$29.48
+211.4% vs year-ago TTM
Dividend per share
None
Shares outstanding
—
Net cash
$4.29B
as of Sep 30, 2026
Operating margin
2.3%
FY 2026
Company profile
- Industry
- Communications Services, NEC (SIC 4899)
- Listed as
- ECHO (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- NV
- Headquarters
- Englewood, CO
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1415404
- Former names
- EchoStar Holding CORP (until Jan 11, 2008)
Other Communications Services, NEC companies
- AST SpaceMobile, Inc. ASTS
- Globalstar, Inc. GSAT
- Viasat Inc VSAT
- Iridium Communications Inc. IRDM
- Calix, Inc CALX
- Telesat Corp TSAT
- Spire Global, Inc. SPIR
- Gogo Inc. GOGO
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $15.0B | $15.8B | $17.0B | $18.6B | $19.8B |
| Operating income | -$17.7B | -$304.1M | -$277.9M | $2.2B | $3.4B |
| Net income | -$14.5B | — | — | — | — |
| Diluted EPS | -$50.41 | -$0.44 | -$6.28 | $8.05 | $7.94 |
| Operating cash flow | -$99.4M | $1.3B | $2.4B | $3.6B | $4.7B |
| Free cash flow | -$1.1B | -$292.2M | -$668.3M | $570.7M | $3.0B |
| Total assets | $43.0B | $60.9B | $57.1B | $58.7B | $6.0B |
| Total liabilities | $37.2B | $40.7B | $36.7B | $36.7B | $2.6B |
| Stockholders' equity | $5.8B | $20.2B | $19.9B | $21.5B | $3.4B |
| Cash and investments | $3.0B | $5.6B | $2.5B | $4.3B | $1.5B |
| Total debt | $31.0B | $30.3B | $26.2B | $4.6B | $1.6B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Shareholder vote results
|
Nov 3, 2026 | Oct 30, 2026 |
| 10-Q | Quarterly report | Nov 3, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Material agreement, Acquisition or sale of assets
|
Oct 2, 2026 | Oct 1, 2026 |
| ARS | Annual report to shareholders | Sep 18, 2026 | Dec 31, 2025 |
| 8-K |
Current report
Regulation FD disclosure
|
Aug 7, 2026 | Aug 7, 2026 |
| 8-K |
Current report
Bankruptcy, Officer or director change, Regulation FD disclosure, Other events
|
Aug 3, 2026 | Jul 28, 2026 |
All 1000 EchoStar Corporation SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.