EchoStar Corp. (ECHO) financial statements: income statement, balance sheet and cash flow
EchoStar Corp.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), EchoStar Corp. reported revenue of $15.0B (-5.2% year on year) and net income of ($14.5B) (-11550.8% year on year).
Income statement
EchoStar Corp. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenue
$15.0B
$15.8B
$17.0B
$2.0B
Cost of services
$9.4B
$10.1B
$9.5B
—
Cost of sales - equipment and other
$1.7B
$1.6B
$2.4B
—
Selling, general and administrative expenses
$2.4B
$2.4B
$3.0B
$455.2M
Depreciation and amortization
$1.6B
$1.9B
$1.6B
$457.6M
Impairments and other (Note 1)
$17.6B
—
—
—
Total costs and expenses
$32.7B
$16.1B
$17.3B
$1.8B
Operating income (loss)
($17.7B)
($304.1M)
($277.9M)
$189.6M
Interest income
$228.7M
$116.6M
$207.4M
$50.9M
Interest expense, net of amounts capitalized (Note 2)
($1.5B)
($481.6M)
($90.4M)
—
Other, net (Note 6)
$122.8M
$593.5M
($1.8B)
$3.2M
Total other income (expense)
($1.2B)
$228.5M
($1.7B)
—
Income (loss) before income taxes
($18.9B)
($75.6M)
($1.9B)
$233.2M
Income tax (provision) benefit, net
$4.4B
($48.9M)
$296.9M
($66.7M)
Less: Net income (loss) attributable to noncontrolling interests, net of tax
($9.8M)
($5.0M)
$67.2M
—
Net income (loss) attributable to EchoStar - Basic
($14.5B)
($119.5M)
($1.7B)
$177.1M
Basic (in shares)
287.6M
274.1M
270.8M
—
Diluted (in shares)
287.6M
274.1M
270.8M
—
Basic net income (loss) per share attributable to EchoStar (In dollar per share)
-$50.41
-$0.44
-$6.28
$2.10
Diluted net income (loss) per share attributable to EchoStar (In dollar per share)
-$50.41
-$0.44
-$6.28
$2.10
Net income (loss)
($14.5B)
($124.5M)
($1.6B)
$166.5M
Foreign currency translation adjustments
$14.0M
($43.5M)
$19.1M
—
Unrealized holding gains (losses) on available-for-sale debt securities
($78.0K)
$1.5M
($306.0K)
—
Recognition of previously unrealized (gains) losses on available-for-sale securities included in net income (loss)
$930.0K
($1.5M)
$550.0K
—
Deferred income tax (expense) benefit, net
($249.0K)
$565.0K
($512.0K)
—
Total other comprehensive income (loss), net of tax
$14.6M
($43.0M)
$18.9M
—
Comprehensive income (loss)
($14.5B)
($167.5M)
($1.6B)
—
Less: Comprehensive income (loss) attributable to noncontrolling interests, net of tax
($7.6M)
($12.3M)
$70.9M
—
Comprehensive income (loss) attributable to EchoStar
($14.5B)
($155.2M)
($1.7B)
—
EchoStar Corp. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenue
$3.6B
$3.7B
$3.6B
$3.7B
Cost of services
$1.9B
$2.0B
$2.4B
$2.5B
Cost of sales - equipment and other
$419.0M
$536.9M
$391.5M
$354.2M
Selling, general and administrative expenses
$547.8M
$639.0M
$621.5M
$629.5M
Depreciation and amortization
$170.5M
$166.6M
$391.3M
$493.1M
Impairments and other
($2.3M)
($66.2M)
$16.5B
—
Total costs and expenses
$3.1B
$3.3B
$20.3B
$3.9B
Operating income (loss)
$512.9M
$392.8M
($16.6B)
($213.4M)
Interest income
$40.9M
$29.4M
$53.2M
$65.4M
Interest expense, net of amounts capitalized (Note 2)
($509.1M)
($592.7M)
($377.1M)
($279.2M)
Deconsolidation gain (Note 3)
$9.7B
—
—
—
Other, net (Note 6)
$16.5M
$2.2M
$29.0M
$35.1M
Total other income (expense)
$9.3B
($561.1M)
($294.9M)
($178.7M)
Income (loss) before income taxes
$9.8B
($168.2M)
($16.9B)
($392.1M)
Income tax (provision) benefit, net
($1.3B)
$20.9M
$4.2B
$85.3M
Less: Net income (loss) attributable to noncontrolling interests, net of tax
$173.0K
($415.0K)
($152.0K)
($712.0K)
Net income (loss) attributable to EchoStar
$8.5B
($146.9M)
($12.8B)
($306.1M)
Basic (in shares)
290.1M
289.0M
288.1K
287.5K
Diluted (in shares)
351.6M
289.0M
288.1K
287.5K
Basic net income (loss) per share attributable to EchoStar (In dollar per share)
$29.17
-$0.51
-$44.37
-$1.06
Diluted net income (loss) per share attributable to EchoStar (In dollar per share)
$24.12
-$0.51
-$44.37
-$1.06
Net income (loss)
$8.5B
($147.3M)
($12.8B)
($306.8M)
Foreign currency translation adjustments
($883.0K)
$2.9M
$3.9M
$6.2M
Unrealized holding gains (losses) on available-for-sale debt securities
($32.0K)
($1.3M)
$1.3M
($236.0K)
Recognition of previously unrealized (gains) losses on available-for-sale securities included in net income (loss)
($33.0K)
$256.0K
($13.0K)
($129.0K)
Deferred income tax (expense) benefit, net
$244.0K
($192.0K)
($706.0K)
($15.0K)
Total other comprehensive income (loss), net of tax
($704.0K)
$1.7M
$4.5M
$5.8M
Comprehensive income (loss)
$8.5B
($145.6M)
($12.8B)
($301.0M)
Less: Comprehensive income (loss) attributable to noncontrolling interests, net of tax
$213.0K
($121.0K)
($41.0K)
$445.0K
Comprehensive income (loss) attributable to EchoStar
$8.5B
($145.5M)
($12.8B)
($301.4M)
Balance sheet
EchoStar Corp. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$1.9B
$4.3B
$1.8B
$704.5M
Current restricted cash, cash equivalents and marketable investment securities
$175.8M
—
—
—
Marketable investment securities
$1.1B
$1.2B
$623.0M
$973.9M
Trade accounts receivable, net of allowance for credit losses of $79,590 and $82,628, respectively
$1.3B
$1.2B
$1.1B
$236.5M
Inventory
$380.6M
$455.2M
$665.2M
—
Prepaids and other assets
$284.2M
$655.2M
$644.0M
—
Other current assets
$34.7M
$88.3M
$16.1M
$210.4M
Total current assets
$5.1B
$8.1B
$4.9B
$2.1B
Restricted cash, cash equivalents and marketable investment securities
$176.2M
$169.6M
$118.1M
—
Property and equipment, net
$2.2B
$9.2B
$9.6B
$2.2B
Regulatory authorizations, net
$34.5B
$39.4B
$38.6B
$462.5M
Other investments, net
$194.0M
$202.3M
$314.4M
$356.7M
Operating lease assets
$214.5M
$3.3B
$3.1B
$151.5M
Intangible assets, net
$54.4M
$74.9M
$172.9M
—
Other noncurrent assets, net
$451.5M
$506.0M
$411.5M
$317.1M
Total noncurrent assets
$37.9B
$52.8B
$52.2B
$4.1B
Total assets
$43.0B
$60.9B
$57.1B
$6.2B
Trade accounts payable
$541.7M
$741.0M
$774.0M
$101.2M
Deferred revenue and other
$639.2M
$650.9M
$754.7M
$121.7M
Accrued programming
$1.2B
$1.3B
$1.4B
—
Accrued interest
$309.5M
$352.5M
$297.7M
—
Other accrued expenses and liabilities
$2.3B
$1.8B
$1.7B
—
Current portion of debt, finance lease and other obligations (Note 10)
$7.3B
$943.0M
$3.0B
—
Total current liabilities
$12.4B
$5.8B
$8.0B
$422.8M
Long-term debt, finance lease and other obligations, net of current portion (Note 10)
$18.7B
$25.7B
—
$1.5B
Deferred tax liabilities, net
$598.6M
$5.0B
$5.0B
$424.6M
Operating lease liabilities
$4.1B
$3.2B
$3.1B
$135.9M
Long-term deferred revenue and other long-term liabilities
$1.4B
$1.0B
$849.1M
—
Total long-term obligations, net of current portion
$24.8B
$34.9B
$28.7B
$2.2B
Total liabilities
$37.2B
$40.7B
$36.7B
$2.6B
Common stock
$290.0K
$286.0K
$271.0K
$107.0K
Additional paid-in capital
$8.9B
$8.8B
$8.3B
$3.4B
Accumulated other comprehensive income (loss)
($183.2M)
($195.7M)
($160.1M)
($172.2M)
Accumulated earnings (deficit)
($2.9B)
$11.6B
$11.7B
$833.5M
Treasury stock, at cost
($48.5M)
—
—
($525.8M)
Total EchoStar stockholders' equity (deficit)
$5.8B
$20.2B
$19.9B
$3.5B
Noncontrolling Interest
$46.2M
$53.9M
$69.7M
$96.4M
Total stockholders' equity (deficit)
$5.8B
$20.2B
$19.9B
$3.6B
Total liabilities and stockholders' equity (deficit)
$43.0B
$60.9B
$57.1B
$6.2B
EchoStar Corp. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$440.0M
$1.3B
$2.4B
$2.3B
Current restricted cash, cash equivalents and marketable investment securities (Note 6)
$1.1B
—
$169.6M
$184.0M
Marketable investment securities
$56.2M
$172.3M
$1.5B
$2.0B
Trade accounts receivable, net of allowance for credit losses of $167,370 and $79,590, respectively
$905.6M
$1.3B
$1.1B
$1.2B
Inventory
$322.4M
$395.1M
$416.1M
$375.1M
Prepaids and other assets
$229.7M
$359.7M
$384.3M
$771.2M
Regulatory authorizations held for sale, net (Note 11)
$16.8B
—
—
—
Other current assets
$21.9M
$19.8M
$20.7M
$94.2M
Total current assets
$19.9B
$3.5B
$6.0B
$6.9B
Restricted cash, cash equivalents and marketable investment securities
$55.1M
$176.8M
$174.4M
$176.0M
Property and equipment, net
$1.8B
$2.2B
$3.1B
$8.8B
Regulatory authorizations, including restricted, net (Note 11)
$17.1B
$34.6B
$34.9B
$40.0B
Other investments, net
$212.6M
$208.7M
$193.3M
$191.8M
Operating lease assets
$66.7M
$217.6M
$291.8M
$3.2B
Intangible assets, net
$49.1M
$51.2M
$62.9M
$66.9M
Other noncurrent assets, net
$311.1M
$420.6M
$507.6M
$509.8M
Total noncurrent assets
$19.6B
$37.8B
$39.2B
$53.0B
Total assets
$39.4B
$41.4B
$45.3B
$59.9B
Trade accounts payable
$251.9M
$579.9M
$668.2M
$745.6M
Deferred revenue and other
$221.4M
$620.7M
$652.4M
$639.0M
Accrued interest
$170.3M
$626.2M
$631.9M
$308.9M
Other accrued expenses and liabilities
$1.7B
$2.6B
$2.3B
$1.7B
Current portion of debt, finance lease and other obligations (Note 10)
$1.4B
$6.2B
$4.5B
$1.1B
Total current liabilities
$3.8B
$11.8B
$10.0B
$5.7B
Long-term debt, finance lease and other obligations, net of current portion (Note 10)
$16.0B
$18.0B
$21.8B
$25.4B
Deferred tax liabilities, net
$3.4B
$575.1M
$680.8M
$4.8B
Operating lease liabilities
$120.3M
$4.0B
$4.3B
$3.2B
Long-term deferred revenue and other long-term liabilities
$1.9B
$1.4B
$1.6B
$1.0B
Total long-term obligations, net of current portion
$21.4B
$23.9B
$28.3B
$34.4B
Total liabilities
$25.2B
$35.7B
$38.3B
$40.1B
Common stock
$292.0K
$291.0K
$290.0K
$287.0K
Additional paid-in capital
$8.9B
$8.9B
$8.8B
$8.8B
Accumulated other comprehensive income (loss)
($182.5M)
($181.8M)
($178.8M)
($183.2M)
Accumulated earnings (deficit)
$5.4B
($3.0B)
($1.7B)
$11.1B
Treasury stock, at cost, 1,789,020 shares
-48.5M
-48.5M
-48.5M
—
Total EchoStar stockholders' equity (deficit)
$14.2B
$5.6B
$7.0B
$19.7B
Noncontrolling Interest
$46.3M
$46.1M
$55.4M
$55.5M
Total stockholders' equity (deficit)
$14.2B
$5.7B
$7.0B
$19.8B
Total liabilities and stockholders' equity (deficit)
$39.4B
$41.4B
$45.3B
$59.9B
Cash flow statement
EchoStar Corp. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss)
($14.5B)
($124.5M)
($1.6B)
$166.5M
Depreciation and amortization
$1.6B
$1.9B
$1.6B
$457.6M
Impairments and other (Note 1)
$17.6B
—
—
—
Realized and unrealized losses (gains) and impairments on investments and other
($1.6M)
$73.2M
($46.9M)
—
Asset sales and other losses (gains)
($100.0M)
($50.4M)
—
—
Non-cash, stock-based compensation
$36.3M
$36.4M
$51.5M
$11.5M
Interest expense paid in kind on long-term debt
$95.1M
—
—
—
Deferred tax expense (benefit)
($4.4B)
$28.3M
($337.2M)
—
Changes in allowance for credit losses
($3.0M)
$8.2M
$14.6M
—
Change in long-term deferred revenue and other long-term liabilities
($50.7M)
$12.6M
$15.8M
—
Other, net
$60.4M
$183.8M
$166.4M
($3.7M)
Trade accounts receivable
($28.5M)
($171.4M)
$20.6M
($51.0M)
Prepaid and accrued income taxes
($10.4M)
$43.4M
$15.8M
—
Inventory
$59.4M
$189.6M
($38.0M)
—
Other operating assets and operating liabilities
$7.9M
—
—
—
Trade accounts payable
($130.8M)
$109.0M
$4.1M
$8.8M
Deferred revenue and other
($11.3M)
($103.7M)
($78.6M)
—
Accrued programming and other accrued expenses
($319.7M)
($242.7M)
$267.1M
—
Net cash flows from operating activities
($99.4M)
$1.3B
$2.4B
$529.6M
Purchases of marketable investment securities
($3.1B)
($1.3B)
($2.4B)
($1.1B)
Sales and maturities of marketable investment securities
$3.2B
$573.0M
$3.7B
$1.1B
Purchases of property and equipment (Note 8)
($965.7M)
($1.5B)
($3.1B)
($325.9M)
Capitalized interest related to regulatory authorizations (Note 2)
($676.3M)
($951.7M)
($1.2B)
—
Sale of Fiber business
$47.2M
—
—
—
Other, net
$31.1M
$7.7M
($33.4M)
—
Net cash flows from investing activities
($1.4B)
($3.0B)
($2.8B)
($275.2M)
Repayment of debt, finance lease and other obligations
($70.1M)
($109.0M)
($122.0M)
—
Redemption and repurchases of debt (Note 10)
($974.0M)
($2.9B)
($1.5B)
—
Proceeds from issuance of debt (Note 10)
$150.0M
$5.4B
$1.5B
—
Debt issuance costs and debt (discount) premium
($946.0K)
($182.3M)
$21.6M
—
Early debt redemption gains (losses)
$11.5M
—
$73.0M
—
Class A common stock repurchases
($48.5M)
—
—
($89.3M)
Net proceeds from Class A common stock options exercised and stock issued under the Employee Stock Purchase Plan
$49.2M
$4.2M
$10.6M
—
Other, net
($27.4M)
($5.2M)
($7.5M)
$0
Net cash flows from financing activities
($910.3M)
$4.5B
($277.1M)
($83.1M)
Effect of exchange rates on cash and cash equivalents
$2.6M
($5.7M)
$3.0M
($2.3M)
Net increase (decrease) in cash, cash equivalents, restricted cash and cash equivalents
($2.4B)
$2.7B
($650.2M)
$169.0M
Cash, cash equivalents, restricted cash and cash equivalents, beginning of period (Note 6)
$4.6B
$1.9B
$2.6B
$536.9M
Cash, cash equivalents, restricted cash and cash equivalents, end of period (Note 6)
$2.2B
$4.6B
—
—
EchoStar Corp. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income (loss)
$8.3B
($147.3M)
($13.3B)
($510.1M)
Depreciation and amortization
$337.1M
$166.6M
$1.4B
$981.4M
Impairments and other
($68.4M)
($66.2M)
$16.5B
—
Deconsolidation gain (Note 3)
($9.7B)
—
—
—
Realized and unrealized losses (gains) and impairments on investments and other
($8.5M)
$2.7M
($28.9M)
($64.8M)
Non-cash, stock-based compensation
$23.4M
$10.2M
$28.0M
$16.1M
Deferred tax expense (benefit)
$1.3B
($28.6M)
($4.3B)
($174.7M)
Changes in allowance for credit losses
($5.4M)
$4.0M
$8.8M
$15.6M
Change in long-term deferred revenue and other long-term liabilities
($82.2M)
($60.1M)
$36.7M
$420.0K
Other, net
$100.0M
$79.3M
$32.1M
$115.4M
Changes in operating assets and operating liabilities, net
$56.7M
$277.6M
($20.4M)
($165.0M)
Net cash flows from operating activities
$228.3M
$238.3M
$325.9M
$214.3M
Purchases of marketable investment securities
($577.1M)
($577.2M)
($2.8B)
($2.2B)
Sales and maturities of marketable investment securities
$1.6B
$1.5B
$2.5B
$1.5B
Purchases of property and equipment (Note 8)
($225.7M)
($133.4M)
($807.6M)
($551.6M)
SpaceX Reimbursement of Cash Interim Debt Service Payments (Note 1)
$413.7M
—
—
—
Cash divested from the Deconsolidated Entities
($363.0M)
—
—
—
Other, net
($7.7M)
$38.4M
$5.4M
($64.0K)
Net cash flows from investing activities
$811.7M
$849.1M
($1.7B)
($1.8B)
Repayment of debt, finance lease and other obligations
($16.2M)
($5.7M)
($60.0M)
($46.3M)
Redemption and repurchases of debt (Note 10)
($1.8B)
($1.8B)
($622.7M)
($456.0M)
Net proceeds from Class A common stock options exercised and stock issued under the Employee Stock Purchase Plan
$21.7M
$7.5M
$35.8M
$7.0M
Other, net
$2.7M
$1.7M
($28.0M)
($31.2M)
Net cash flows from financing activities
($1.8B)
($1.8B)
($562.9M)
($366.0M)
Effect of exchange rates on cash and cash equivalents
$19.0K
($240.0K)
$3.0M
$3.0M
Net increase (decrease) in cash, cash equivalents, restricted cash and cash equivalents
($738.8M)
($696.4M)
($1.9B)
($1.9B)
Cash, cash equivalents, restricted cash and cash equivalents, beginning of period (Note 6)
$2.2B
$2.2B
$4.6B
$4.6B
Cash, cash equivalents, restricted cash and cash equivalents, end of period (Note 6)