ECHOEchoStar
EchoStar Corporation is a holding company that was organized in October 2007 as a corporation under the laws of the State of Nevada. 10-K, Item 1
- Employees
- 12,100
- Headquarters
- Englewood, CO
- CEO
- Cantey Ergen
What changed
10-K filed Mar 2, 2026 against Feb 27, 2025| Area | What changed | Source |
|---|---|---|
| Risk factors | 24 new paragraphs, nothing like them in the previous 10-K | 10-K Item 1A |
| Receivables growing faster than revenue | Receivables +6.3% vs revenue -5.2% (+11.5 pts) | 10-K · XBRL |
| Going concern language | “Acquisition and Capital Structure Risks We, and certain of our subsidiaries, currently do not have the necessary cash on hand, projected future cash flows or committed financing to fund our obligations over the next twelve months, which raises substantial doubt about our, and certain of our subsidiaries, ability to continue as a going concern.” | 10-K · XBRL |
| Critical audit matters changed | New this year: Impairment of spectrum assets (“As discussed in Notes 1 and 8 to the consolidated financial statements, the carrying value of the Company’s Regulatory Authorizations is $34.549 billion as of December 31, 2025, which includes spectrum assets. During the third quarter of 2025, management, assisted by a third party, performed a quant”). Same as last year: Sufficiency of audit evidence over revenue; F-3 | 10-K · XBRL |
| Bankruptcy (8-K item 1.03) | 8-K item 1.03 (bankruptcy or receivership) filed 2026-08-03: “On August 2, 2026 (the “Petition Date”), EchoStar Corporation’s (“EchoStar”) subsidiary Hughes Satellite Systems Corporation (“HSSC”) and certain of its wholly-owned subsidiaries, (i) EchoStar Orbital L.L.C., (ii) EchoStar Government Services L.L.C., (iii) EchoStar Satellite Services L.L.C., (iv) Hughes Communications, Inc., (v) Hughes Network Systems, LLC, (vi) HNS-India VSAT, Inc., (vii) HNS…” | 10-K · XBRL |
| Accounting checks | 7 other checks clear, 4 worth a look | 10-K · XBRL |
| Insiders | 1 open-market buy in the last 90 days | Form 4 |
| Filings | 3 in the last 30 days | EDGAR |
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
What's new, in their words
10-K filed Mar 2, 2026Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-27. Quoted as filed.
The timing and closing of the AT&T Transactions and SpaceX Transactions are not certain, and are subject to certain conditions, some of which we cannot control, which could result in the AT&T Transactions or SpaceX Transactions, respectively, not being completed or being completed later than we expect, which could have a material…
10-K, Item 1A
Accounting checks
latest 10-K7 of 11 clear 4 worth a look. Checks, not verdicts.
- !Receivables growing faster than revenueReceivables +6.3% vs revenue -5.2% (+11.5 pts)
- !Going concern language“Acquisition and Capital Structure Risks We, and certain of our subsidiaries, currently do not have the necessary cash on hand, projected future cash flows or committed financing to fund our obligations over the next twelve months, which raises substantial doubt about our, and certain of our subsidiaries, ability to continue as a going concern.”
- !Critical audit matters changedNew this year: Impairment of spectrum assets (“As discussed in Notes 1 and 8 to the consolidated financial statements, the carrying value of the Company’s Regulatory Authorizations is $34.549 billion as of December 31, 2025, which includes spectrum assets. During the third quarter of 2025, management, assisted by a third party, performed a quant”). Same as last year: Sufficiency of audit evidence over revenue; F-3
- !Bankruptcy (8-K item 1.03)8-K item 1.03 (bankruptcy or receivership) filed 2026-08-03: “On August 2, 2026 (the “Petition Date”), EchoStar Corporation’s (“EchoStar”) subsidiary Hughes Satellite Systems Corporation (“HSSC”) and certain of its wholly-owned subsidiaries, (i) EchoStar Orbital L.L.C., (ii) EchoStar Government Services L.L.C., (iii) EchoStar Satellite Services L.L.C., (iv) Hughes Communications, Inc., (v) Hughes Network Systems, LLC, (vi) HNS-India VSAT, Inc., (vii) HNS…”
- ✓Cash from operations −$99.4M vs net income −$14.5B (FY ending 2025-12-31)
- ✓Inventory -16.4% vs revenue -5.2% (-11.2 pts)
- ✓Same auditor in both 10-Ks: KPMG LLP
- ✓No 8-K item 4.02 in the last 2 years
- ✓No NT 10-K or NT 10-Q in the last 2 years
- ✓No sentence in the 10-K concludes that controls were not effective because of a material weakness
- ✓No 8-K item 2.06 in the last 2 years
In the last 30 days
All filings →- Nov 9, 2026Buy Wall William P (Director) bought $90K open-market purchase on Nov 5, 2026
- Nov 3, 20268-K Shareholder vote results 8-K item 5.07
- Nov 3, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
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