This page shows Echostar Corp (SATS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Echostar Corp has an operating margin of -118.1%, meaning the company retains $-118 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -1.9% the prior year.
Echostar Corp's revenue declined 5.2% year-over-year, from $15.8B to $15.0B. This contraction results in a growth score of 25/100.
Echostar Corp has a moderate D/E ratio of 3.24. This balance of debt and equity financing earns a leverage score of 36/100.
Echostar Corp's current ratio of 0.42 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 2/100, which could limit financial flexibility.
While Echostar Corp generated -$99.4M in operating cash flow, capex of $965.7M consumed most of it, leaving -$1.1B in free cash flow. This results in a low score of 7/100, reflecting heavy capital investment rather than weak cash generation.
Echostar Corp generates a -251.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -0.6% the prior year.
Echostar Corp passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Echostar Corp generates $0.01 in operating cash flow (-$99.4M OCF vs -$14.5B net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Echostar Corp generated $15.0B in revenue in fiscal year 2025. This represents a decrease of 5.2% from the prior year.
Echostar Corp's EBITDA was -$16.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1092.4% from the prior year.
Echostar Corp reported -$14.5B in net income in fiscal year 2025. This represents a decrease of 12026.9% from the prior year.
Echostar Corp earned $-50.41 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 11356.8% from the prior year.
Cash & Balance Sheet
Echostar Corp generated -$1.1B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 264.5% from the prior year.
Echostar Corp held $1.9B in cash against $18.7B in long-term debt as of fiscal year 2025.
Margins & Returns
Echostar Corp's gross margin was 37.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.1 percentage points from the prior year.
Echostar Corp's operating margin was -118.1% in fiscal year 2025, reflecting core business profitability. This is down 116.2 percentage points from the prior year.
Echostar Corp's net profit margin was -96.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 95.9 percentage points from the prior year.
Echostar Corp's ROE was -251.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 250.8 percentage points from the prior year.
Capital Allocation
Echostar Corp invested $68.0M in research and development in fiscal year 2025. This represents a decrease of 25.3% from the prior year.
Echostar Corp spent $48.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Echostar Corp invested $965.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 37.5% from the prior year.
SATS Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.8B+5.0% | $3.6B-3.0% | $3.7B-3.7% | $3.9B-2.4% | $4.0B+2.0% | $3.9B-1.6% | $4.0B-1.5% | $4.0B |
| Cost of Revenue | $2.2B-8.0% | $2.4B-3.7% | $2.5B+1.2% | $2.4B-4.0% | $2.5B-0.2% | $2.5B+1.2% | $2.5B-1.9% | $2.6B |
| Gross Profit | $1.6B+29.8% | $1.2B-1.5% | $1.3B-12.1% | $1.4B+0.2% | $1.4B+6.0% | $1.4B-6.4% | $1.4B-0.8% | $1.5B |
| R&D Expenses | $15.0M-21.1% | $19.0M+18.8% | $16.0M-11.1% | $18.0M+5.9% | $17.0M-15.0% | $20.0M-31.0% | $29.0M+16.0% | $25.0M |
| SG&A Expenses | $531.4M-14.5% | $621.5M-1.3% | $629.5M+5.3% | $597.9M+6.0% | $564.2M-12.3% | $643.1M+8.1% | $595.0M-4.7% | $624.4M |
| Operating Income | -$779.7M+95.3% | -$16.6B-7698.1% | -$213.4M-142.1% | -$88.1M-40.6% | -$62.7M+61.0% | -$160.8M-145.9% | -$65.4M-328.8% | -$15.2M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$81.6M+98.0% | -$4.2B-4772.2% | -$85.3M-33.3% | -$64.0M-162.3% | $102.7M+392.0% | -$35.2M-111.2% | -$16.6M-764.7% | -$1.9M |
| Net Income | -$1.2B+90.6% | -$12.8B-4075.1% | -$306.1M-51.1% | -$202.7M-160.5% | $335.2M+336.4% | -$141.8M+31.0% | -$205.6M-91.5% | -$107.4M |
| EPS (Diluted) | N/A | $-44.37-4085.8% | $-1.06-49.3% | $-0.71 | N/A | $-0.52+31.6% | $-0.76-90.0% | $-0.40 |
SATS Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $43.0B-5.0% | $45.3B-24.4% | $59.9B-1.1% | $60.6B-0.6% | $60.9B+5.9% | $57.5B+4.1% | $55.3B-0.5% | $55.6B |
| Current Assets | $5.1B-14.9% | $6.0B-12.8% | $6.9B-9.6% | $7.6B-5.5% | $8.1B+61.9% | $5.0B+79.4% | $2.8B-10.5% | $3.1B |
| Cash & Equivalents | $1.9B-22.6% | $2.4B+3.7% | $2.3B-7.3% | $2.5B-41.2% | $4.3B+591.5% | $622.6M+48.5% | $419.2M-31.7% | $613.7M |
| Inventory | $380.6M-8.5% | $416.1M+10.9% | $375.1M-9.3% | $413.4M-9.2% | $455.2M+3.1% | $441.7M-20.7% | $557.3M-12.0% | $633.0M |
| Accounts Receivable | $1.3B+13.0% | $1.1B-2.7% | $1.2B-2.1% | $1.2B-1.2% | $1.2B+9.0% | $1.1B+4.4% | $1.1B+2.9% | $1.0B |
| Goodwill | $0 | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Total Liabilities | $37.2B-2.8% | $38.3B-4.6% | $40.1B-1.0% | $40.5B-0.5% | $40.7B+7.0% | $38.0B+6.8% | $35.6B-0.3% | $35.7B |
| Current Liabilities | $12.4B+24.1% | $10.0B+75.6% | $5.7B-6.3% | $6.1B+3.9% | $5.8B-22.0% | $7.5B+7.2% | $7.0B-0.4% | $7.0B |
| Long-Term Debt | $18.7B-14.4% | $21.8B-14.2% | $25.4B+0.3% | $25.3B+1177.3% | $2.0B | N/A | N/A | $951.0M |
| Total Equity | $5.8B-17.1% | $7.0B-64.8% | $19.7B-1.4% | $20.0B-0.9% | $20.2B+3.8% | $19.4B-0.7% | $19.6B-1.0% | $19.8B |
| Retained Earnings | -$2.9B-72.2% | -$1.7B-115.0% | $11.1B-2.7% | $11.4B-1.7% | $11.6B+3.0% | $11.3B-1.2% | $11.4B-1.8% | $11.6B |
SATS Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$425.3M-480.8% | $111.7M+1386.7% | $7.5M-96.4% | $206.8M+353.9% | $45.6M-83.5% | $276.2M-42.4% | $479.7M+6.3% | $451.3M |
| Capital Expenditures | $158.1M-38.3% | $256.0M-12.7% | $293.2M+13.4% | $258.4M-24.9% | $344.3M+3.2% | $333.7M-3.9% | $347.3M-33.2% | $519.6M |
| Free Cash Flow | -$583.4M-304.2% | -$144.4M+49.5% | -$285.7M-452.8% | -$51.7M+82.7% | -$298.7M-419.3% | -$57.5M-143.4% | $132.4M+293.7% | -$68.4M |
| Investing Cash Flow | $245.4M+64.0% | $149.7M+204.7% | -$143.0M+91.4% | -$1.7B+11.5% | -$1.9B-468.3% | -$329.2M+46.0% | -$610.0M-156.2% | -$238.1M |
| Financing Cash Flow | -$347.4M-76.5% | -$196.9M-476.5% | -$34.1M+89.7% | -$331.8M-109.2% | $3.6B+56.2% | $2.3B+9886.7% | -$23.6M+98.3% | -$1.4B |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SATS Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.5%+8.1pp | 34.4%+0.5pp | 33.9%-3.2pp | 37.1%+1.0pp | 36.1%+1.4pp | 34.8%-1.8pp | 36.6%+0.3pp | 36.3% |
| Operating Margin | -20.5%+439.9pp | -460.4%-454.7pp | -5.7%-3.4pp | -2.3%-0.7pp | -1.6%+2.6pp | -4.1%-2.5pp | -1.7%-1.3pp | -0.4% |
| Net Margin | -31.8%+321.8pp | -353.6%-345.4pp | -8.2%-3.0pp | -5.2%-13.7pp | 8.5%+12.1pp | -3.6%+1.6pp | -5.2%-2.5pp | -2.7% |
| Return on Equity | -20.9%+162.9pp | -183.9%-182.3pp | -1.6%-0.5pp | -1.0%-2.7pp | 1.7%+2.4pp | -0.7%+0.3pp | -1.1%-0.5pp | -0.5% |
| Return on Assets | -2.8%+25.4pp | -28.2%-27.7pp | -0.5%-0.2pp | -0.3%-0.9pp | 0.5%+0.8pp | -0.3%+0.1pp | -0.4%-0.2pp | -0.2% |
| Current Ratio | 0.42-0.2 | 0.61-0.6 | 1.22-0.0 | 1.26-0.1 | 1.39+0.7 | 0.67+0.3 | 0.40-0.0 | 0.44 |
| Debt-to-Equity | 3.24+0.1 | 3.13+1.8 | 1.29+0.0 | 1.27+1.2 | 0.10-1.9 | 1.96+0.1 | 1.82+1.8 | 0.05 |
| FCF Margin | -15.4%-11.4pp | -4.0%+3.7pp | -7.7%-6.3pp | -1.3%+6.2pp | -7.5%-6.1pp | -1.5%-4.8pp | 3.4%+5.1pp | -1.7% |
Note: The current ratio is below 1.0 (0.42), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Echostar Corp's annual revenue?
Echostar Corp (SATS) reported $15.0B in total revenue for fiscal year 2025. This represents a -5.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Echostar Corp's revenue growing?
Echostar Corp (SATS) revenue declined by 5.2% year-over-year, from $15.8B to $15.0B in fiscal year 2025.
Is Echostar Corp profitable?
No, Echostar Corp (SATS) reported a net income of -$14.5B in fiscal year 2025, with a net profit margin of -96.6%.
What is Echostar Corp's EBITDA?
Echostar Corp (SATS) had EBITDA of -$16.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Echostar Corp have?
As of fiscal year 2025, Echostar Corp (SATS) had $1.9B in cash and equivalents against $18.7B in long-term debt.
What is Echostar Corp's gross margin?
Echostar Corp (SATS) had a gross margin of 37.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Echostar Corp's operating margin?
Echostar Corp (SATS) had an operating margin of -118.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Echostar Corp's net profit margin?
Echostar Corp (SATS) had a net profit margin of -96.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Echostar Corp's return on equity (ROE)?
Echostar Corp (SATS) has a return on equity of -251.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Echostar Corp's free cash flow?
Echostar Corp (SATS) generated -$1.1B in free cash flow during fiscal year 2025. This represents a -264.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Echostar Corp's operating cash flow?
Echostar Corp (SATS) generated -$99.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Echostar Corp's total assets?
Echostar Corp (SATS) had $43.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Echostar Corp's capital expenditures?
Echostar Corp (SATS) invested $965.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Echostar Corp spend on research and development?
Echostar Corp (SATS) invested $68.0M in research and development during fiscal year 2025.
What is Echostar Corp's current ratio?
Echostar Corp (SATS) had a current ratio of 0.42 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Echostar Corp's debt-to-equity ratio?
Echostar Corp (SATS) had a debt-to-equity ratio of 3.24 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Echostar Corp's return on assets (ROA)?
Echostar Corp (SATS) had a return on assets of -33.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Echostar Corp's cash runway?
Based on fiscal year 2025 data, Echostar Corp (SATS) had $1.9B in cash against an annual operating cash burn of $99.4M. This gives an estimated cash runway of approximately 227 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Echostar Corp's Piotroski F-Score?
Echostar Corp (SATS) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Echostar Corp's earnings high quality?
Echostar Corp (SATS) has an earnings quality ratio of 0.01x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Echostar Corp?
Echostar Corp (SATS) scores 12 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.