EchoStar CORP (SATS) Financial Statements
Industry: Communications Services (Other)
In fiscal 2025, EchoStar reported revenue of $15.00B, down 5.2% from $15.83B the year before. Net income was -$14.50B (a -96.6% net margin), or -$50.41 per diluted share. Gross margin was -118.1% and operating margin was -118.1%. Operating activities generated -$99.4M of cash, leaving -$1.07B of free cash flow. At fiscal year end, EchoStar held $43.02B in total assets against $37.20B in total liabilities, including $1.88B of cash and equivalents.
Open the full interactive EchoStar financials → Quarterly statements, key ratios, valuation history and price charts.
EchoStar Key Stats
| Share Price | $91.56 |
|---|---|
| Market Cap | $32.19B |
| Revenue YoY Growth | -5.2% |
| 52-Week Range | $66.93 – $141.80 |
| Shares Outstanding | 290.1 million (basic, 2026 Q2) |
EchoStar Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.89B | $1.99B | $2.00B | $17.02B | $15.83B | $15.00B |
| Cost of Goods Sold | $1.78B | $1.77B | $1.81B | $17.29B | $16.13B | $32.73B |
| Gross Profit | $112.5M | $217.0M | $189.6M | -$277.9M | -$304.1M | -$17.72B |
| Operating Income | $112.5M | $217.0M | $189.6M | -$277.9M | -$304.1M | -$17.72B |
| Pre-Tax Income | -$27.8M | $128.3M | $233.2M | -$1.93B | -$75.6M | -$18.89B |
| Income Tax | $24.1M | $65.6M | $66.7M | -$296.9M | $48.9M | -$4.39B |
| Net Income | -$51.9M | $62.7M | $166.5M | -$1.70B | -$119.5M | -$14.50B |
| Diluted EPS | -$0.41 | $0.81 | $2.10 | -$6.28 | -$0.44 | -$50.41 |
EchoStar Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $3.61B | $3.80B | $3.67B | $3.58B |
| Net Income | -$12.78B | -$1.21B | -$146.9M | $8.46B |
| Diluted EPS | -$44.37 | -$4.20 | -$0.51 | $24.12 |
EchoStar Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $896.0M | $535.9M | $704.5M | $1.82B | $4.31B | $1.88B |
| Current Assets | $2.91B | $1.93B | $2.13B | $4.89B | $8.10B | $5.13B |
| Total Assets | $7.07B | $6.05B | $6.20B | $57.11B | $60.94B | $43.02B |
| Current Liabilities | $1.43B | $460.1M | $422.8M | $8.02B | $5.83B | $12.36B |
| Total Long-Term Debt | $2.39B | $1.50B | $1.50B | $22.76B | $26.60B | $25.98B |
| Total Liabilities | $3.47B | $2.63B | $2.60B | $36.72B | $40.69B | $37.20B |
| Shareholders' Equity | $3.54B | $3.35B | $3.50B | $19.88B | $20.19B | $5.77B |
EchoStar Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $534.4M | $632.2M | $529.6M | $2.43B | $1.25B | -$99.4M |
| Cash From Investing | -$1.14B | $158.9M | -$275.2M | -$2.81B | -$3.05B | -$1.40B |
| Cash From Financing | -$15.6M | -$1.15B | -$83.1M | -$277.1M | $4.48B | -$910.3M |
| Free Cash Flow | $125.6M | $193.8M | $203.7M | -$668.3M | -$292.2M | -$1.07B |
Figures from EchoStar's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full EchoStar financials page for every line item.
EchoStar Company Profile
| Ticker | SATS |
|---|---|
| Exchange | Nasdaq |
| Industry | Communications Services (Other) |
| Headquarters | Englewood, Colorado |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001415404 |
Frequently Asked Questions
What was EchoStar's revenue in fiscal 2025?
EchoStar (SATS) reported revenue of $15.00B for fiscal 2025.
What is EchoStar's annual revenue history?
EchoStar's annual revenue by fiscal year: 2020: $1.89B; 2021: $1.99B; 2022: $2.00B; 2023: $17.02B; 2024: $15.83B; 2025: $15.00B.
What was EchoStar's net income in fiscal 2025?
EchoStar reported net income of -$14.50B for fiscal 2025.
What was EchoStar's earnings per share (EPS) in fiscal 2025?
EchoStar's diluted EPS was -$50.41 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did EchoStar generate in fiscal 2025?
EchoStar generated -$1.07B of free cash flow in fiscal 2025.
What was EchoStar's revenue last quarter?
In its most recent reported quarter (2026 Q2), EchoStar reported revenue of $3.58B.
How much debt does EchoStar have?
EchoStar reported $25.98B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of EchoStar are outstanding?
EchoStar reported a weighted average of 290.1 million basic shares outstanding in 2026 Q2.
What is EchoStar's market cap?
Based on its latest closing price, EchoStar (SATS) has a market capitalization of about $32.19B.
When does EchoStar's fiscal year end?
EchoStar's fiscal year end, as registered with the SEC, is December 31.
Where is EchoStar headquartered?
EchoStar lists its business address in Englewood, Colorado in its SEC filings.