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)
- $14.7B
- Revenue growth
- -5.2%
- Operating margin
- -112.7%
- Net income (12 months)
- −$5.7B
- Free cash flow (12 months)
- −$725M
- Cash
- $440M
- Debt
- $17.4B
- Diluted EPS (12 months)
- $-24.92
Twelve months to June 30, 2026, from the 10-Q filed August 3, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, EchoStar reported revenue of $14.7 billion, down 5.2% from $15.5 billion a year earlier.
Its operating margin was -112.7%, down 109.3 percentage points from a year earlier: for every $100 of sales, about $0 was left as operating profit.
EchoStar reported a net loss of $5.7 billion over the period.
Operating cash flow was −$85 million and capital spending $640 million, leaving free cash flow of −$725 million (-4.9% of revenue).
At the end of the period it held $440 million in cash and $17.4 billion in debt, a net debt position of $17.0 billion.
The diluted share count rose 22.3% 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 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
- 8-K filed June 25, 2026 — Executive or director change
- 8-K filed June 18, 2026 — Other event
- 8-K filed June 1, 2026
Companies like EchoStar
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Questions about EchoStar
Is EchoStar's revenue growing?
No. Revenue for the twelve months to June 30, 2026 was $14.7 billion, down 5.2% from a year earlier, according to its SEC filings.
Is EchoStar profitable?
Not over the latest twelve months: it reported a net loss of $5.7 billion for the period to June 30, 2026.
Does EchoStar have more cash or more debt?
At June 30, 2026 it had $440 million in cash and $17.4 billion in debt, so more debt than cash.
When did EchoStar last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on August 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 September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.