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Screener / SEC EDGAR /CIK 0001415404 /10-K filed Mar 2, 2026, compared with Feb 27, 2025 /Numbers from the XBRL of the 10-Ks
Communication peers:
FOXAECHOTTWOAPPTKONWSA
Nasdaq Communication · Communications Services

EchoStar ECHO

ECHO quote by TradingView

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
Compare with peers Embed

ECHO among Communication peers

Six ratios from the latest 10-K. Each corner is the share of 18 peers the company is above, not a score.

Compare
Revenue growth: -5.2%, above 0% of 18 peers (their median 7.7%) REVENUE GROWTH -5.2% · above 0% Operating margin: 2.3%, above 12% of 16 peers (their median 19.6%) OPERATING MARGIN 2.3% · above 12% Net margin: 8.8%, above 44% of 18 peers (their median 9.7%) NET MARGIN 8.8% · above 44% FCF margin: -4.4%, above 0% of 15 peers (their median 11.6%) FCF MARGIN -4.4% · above 0%
ECHO Peer median Below the median

What changed

24 new risk paragraphs and 4 accounting facts worth reading about. 10-K filed Mar 2, 2026 against Feb 27, 2025.

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 Aug 3, 2026: “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.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

4facts worth reading about the other 7 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +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 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
  • Bankruptcy (8-K item 1.03)
    8-K item 1.03 (bankruptcy or receivership) filed Aug 3, 2026: “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 Dec 31, 2025)
6 more checks with nothing to note
  • 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 their words

24 paragraphs in Risk Factors that were not in the 10-K filed Feb 27, 2025. Quoted as filed.

All 24 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    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…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    Changes in trade policies, including, but not limited to, tariffs and other restrictions, could, among other things, increase our costs, disrupt our supply chain and negatively affect our business, operations and financial condition. We depend on suppliers, including suppliers with manufacturing in China and other countries, for various…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    We are, and may become, subject to various legal proceedings and claims which arise in the ordinary course of business, including, among other things, intellectual property disputes. Any adverse finding in such legal proceedings, could adversely affect our business, financial condition and results of operations. See Note 15…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    For example, certain parties may attempt to fraudulently induce employees or subscribers into disclosing usernames, passwords or other sensitive information, which may in turn be used to access our information technology systems.

New risk paragraphs, against peers

Latest 10-K of each, Communication companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$18.6B$17.0B$15.8B$15.0B
Net income$2.5B−$1.7B−$119.5M−$14.5B
Operating cash flow$3.6B$2.4B$1.3B−$99.4M
Free cash flow$570.7M−$668.3M−$292.2M−$1.1B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$15.0B ▼ 5.2% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

EchoStar, Englewood, CO · from the 10-K filed Mar 2, 2026

EchoStar Corporation is a holding company that was organized in October 2007 as a corporation under the laws of the State of Nevada. EchoStar Corporation together with its subsidiaries are referred to as “EchoStar,” the “Company,” “we,” “us” and/or “our,” unless otherwise required by the context. Our Class A common stock is publicly traded on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SATS.” Our principal executive offices are located at 9601 South Meridian Boulevard, Englewood, Colorado 80112 and our telephone number is (303) 723- 1000.

Headquarters
Englewood, CO
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
December 31
Last results
Feb 24, 2017
Incorporated in
NV

Employees, at the top of the page: "We had approximately 12,100 employees at December 31, 2025, the majority of whom were located in the United States and approximately 600 internationally" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Mar 2, 2026 (open at SEC), compared with the 10-K filed Feb 27, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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