ECHOSTAR CORP
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures adjusted for later stock splits (split ratios inferred from EPS restated in later SEC filings).
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 25,980 | 81.8 |
| Stockholders' equity | 5,766 | 18.2 |
| Total capitalization | 31,746 | 100.0 |
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, noncurrent | 18,659 |
| Current maturities | 7,321 |
CAPITAL STOCK 12/31/25
| Treasury shares | 1,789,020 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | – | – |
| 2024 | – | – |
| 2023 | – | – |
| 2022 | – | – |
| 2021 | – | – |
HISTORY AND BUSINESS
HISTORY: Incorporated in Nevada. Formerly known as EchoStar Holding CORP (to 11 January 2008).
BUSINESS: Classified by the SEC under Standard Industrial Classification 4899, Communications Services, NEC. Large accelerated filer. Principal executive office: 9601 South Meridian Boulevard, Englewood, CO 80112. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 15,005 | 15,826 | 17,016 |
| Research and development | 68 | 91 | 110 |
| Selling, general and administrative | 2,380 | 2,427 | 2,989 |
| Depreciation and amortization | 1,586 | 1,930 | 1,598 |
| Operating income | (17,723) | (304) | (278) |
| Interest expense | – | – | 90 |
| Income before income taxes | (18,893) | (76) | (1,932) |
| Income taxes | (4,386) | 49 | (297) |
| Net income | (14,497) | (120) | (1,702) |
| Earned per share, diluted ($) | (50.41) | (0.44) | (6.28) |
| Dividends per share ($) | – | – | – |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 1,883 | 4,305 |
| Receivables, net | 1,274 | 1,199 |
| Inventories | 381 | 455 |
| Total current assets | 5,133 | 8,096 |
| Property, plant and equipment, net | 2,244 | 9,187 |
| Goodwill | 0 | 0 |
| Total assets | 43,016 | 60,939 |
| Total current liabilities | 12,363 | 5,831 |
| Long-term debt | 18,659 | 25,660 |
| Total liabilities | 37,204 | 40,693 |
| Stockholders' equity | 5,766 | 20,191 |
| Total liabilities and equity | 43,016 | 60,939 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 15,005 | (17,723) | (14,497) | -96.6 | (50.41) | – | (99) | 966 | (1,065) | 43,016 | 37,204 | 25,980 | 5,766 | -251.4 | 4.51 |
| 12/31/24 | 15,826 | (304) | (120) | -0.8 | (0.44) | – | 1,253 | 1,545 | (292) | 60,939 | 40,693 | 26,603 | 20,191 | -0.6 | 1.32 |
| 12/31/23 | 17,016 | (278) | (1,702) | -10.0 | (6.28) | – | 2,433 | 3,101 | (668) | 57,109 | 36,721 | 22,764 | 19,880 | -8.6 | 1.15 |
| 12/31/22 | 18,634 | 2,233 | 2,478 | 13.3 | 8.05 | – | 3,621 | 3,050 | 571 | 58,748 | 36,698 | 1,497 | 21,488 | 11.5 | 0.07 |
| 12/31/21 | 19,819 | 3,422 | 2,486 | 12.5 | 7.94 | – | 4,655 | 1,619 | 3,036 | 6,045 | 2,631 | 1,496 | 3,354 | 74.1 | 0.45 |
| 12/31/20 | 1,888 | 112 | (40) | -2.1 | (4.10) | – | 534 | 409 | 126 | 7,073 | 3,466 | 2,393 | 3,542 | -1.1 | 0.68 |
| 12/31/19 | 1,886 | 73 | (63) | -3.3 | (6.50) | – | 656 | 419 | 238 | 7,154 | 3,409 | 2,389 | 3,670 | -1.7 | 0.65 |
| 12/31/18 | 1,763 | 36 | (40) | -2.3 | (4.20) | – | 735 | 555 | 179 | 8,661 | 4,506 | 3,304 | 4,140 | -1.0 | 0.80 |
| 12/31/17 | 1,525 | 31 | 393 | 25.7 | 40.70 | – | 727 | 583 | 144 | 8,750 | 4,573 | 3,365 | 4,163 | 9.4 | 0.81 |
| 12/31/16 | 1,810 | 296 | 180 | 9.9 | 19.20 | – | 803 | 722 | 81 | 9,009 | 5,002 | 3,358 | 3,920 | 4.6 | 0.86 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
EchoStar CORP
CIK 1415404 · EIN 26-1232727
PRINCIPAL OFFICE:
9601 South Meridian Boulevard, Englewood, CO 80112
Tel.: 303-723-1000
INCORPORATED:
Nevada
INDUSTRY (SEC SIC CODE):
4899 · Communications Services, NEC
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 2 March 2026
FORMER NAMES:
EchoStar Holding CORP
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 3/2/26) · 10-K FY2024 (filed 2/27/25) · 10-K FY2023 (filed 2/29/24) · 10-K FY2022 (filed 2/23/23) · 10-K FY2019 (filed 2/20/20) · 10-K FY2018 (filed 2/21/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.