EchoStar (ECHO): financials, SEC filings and peers
EchoStar (ECHO) is a wireless telecommunication services company in the Communication Services sector of the S&P 500, headquartered in Englewood, Colorado.
It was founded in 2008 and joined the S&P 500 on March 23, 2026.
Its fiscal year ends in December, and its shares trade on the Nasdaq.
In its SEC filings it is classified as “Communications Services, NEC”.
EchoStar at a glance
- Revenue (12 months)
- $12.2B
- Revenue growth
- -19.8%
- Operating margin
- 2.3%
- Net income (12 months)
- $9.9B
- Free cash flow (12 months)
- −$533M
- Cash
- $13.4B
- Debt
- $9.7B
- Diluted EPS (12 months)
- $27.42
Twelve months to September 30, 2026, from the 10-Q filed November 3, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, EchoStar reported revenue of $12.2 billion, down 19.8% from $15.2 billion a year earlier.
Its operating margin was 2.3%, up 114.3 percentage points from a year earlier: for every $100 of sales, about $2 was left as operating profit.
Net income was $9.9 billion (81.3% of revenue).
Operating cash flow was −$84 million and capital spending $449 million, leaving free cash flow of −$533 million (-4.4% of revenue).
At the end of the period it held $13.4 billion in cash and $9.7 billion in debt, a net cash position of $3.8 billion.
The diluted share count rose 21.9% in a year, which dilutes existing shareholders.
Five-year trend
- Revenue went from $1.9 billion in fiscal 2020 to $15.0 billion in fiscal 2025, about 51.4% a year.
- Operating margin narrowed from 6.0% to -118.1% over the same years.
- Free cash flow was negative in 3 of the last 6 fiscal years.
- EchoStar reported a net loss in 4 of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $19.8B | $18.6B | $17.0B | $15.8B | $15.0B |
| Revenue growth | 949.8% | -6.0% | -8.7% | -7.0% | -5.2% |
| Operating margin | 17.3% | 12.0% | -1.6% | -1.9% | -118.1% |
| Net income | $2.5B | $2.5B | −$1.7B | −$120M | −$14.5B |
| Free cash flow | $3.0B | $571M | −$668M | −$292M | −$1.1B |
| Diluted EPS | $7.94 | $8.05 | $-6.28 | $-0.44 | $-50.41 |
Fiscal years as reported in EchoStar’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed November 3, 2026 — Shareholder vote results
- 10-Q filed November 3, 2026 — quarterly report
- 8-K filed October 2, 2026 — Material agreement; Acquisition or sale of assets
- 8-K filed August 7, 2026 — Regulation FD disclosure
- 8-K filed August 3, 2026 — Bankruptcy; Executive or director change
- 10-Q filed August 3, 2026 — quarterly report
- 8-K filed July 28, 2026 — Agreement terminated; Acquisition or sale of assets
- 8-K filed July 7, 2026 — Executive or director change; Other event
Companies like EchoStar
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Questions about EchoStar
Is EchoStar's revenue growing?
No. Revenue for the twelve months to September 30, 2026 was $12.2 billion, down 19.8% from a year earlier, according to its SEC filings.
Is EchoStar profitable?
Yes. It earned $9.9 billion in net income over the twelve months to September 30, 2026, a net margin of 81.3%.
Does EchoStar have more cash or more debt?
At September 30, 2026 it had $13.4 billion in cash and $9.7 billion in debt, so more cash than debt.
When did EchoStar last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on November 3, 2026.
Which companies are similar to EchoStar?
In the S&P 500, EchoStar is grouped in Wireless Telecommunication Services within the Communication Services sector. T-Mobile US (TMUS) are in the same group.
Understand the numbers
Source: EchoStar’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.