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EchoStar Corporation FY 2025 10-K, explained in plain English

ECHO · 10-K for the period ending December 31, 2025, filed March 2, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$15.0B
Gross margin— not reported
Operating income−$17.7B
Net income−$14.5B
Diluted EPS−$50.41
Cash & equivalents$1.9B
Total assets$43.0B
Long-term debt$18.7B

Key takeaway

EchoStar reported a $14.5 billion net loss for 2025, driven by $5.8 billion in indefinite-lived intangible impairment and $6.5 billion in long-lived asset impairment, largely tied to abandoning portions of its 5G wireless network.

🔒 4 more takeaways in the full analysis

Beneath the surface

Total debt-related obligations (DebtAndCapitalLeaseObligations of $25.98 billion, DebtInstrumentCarryingAmount of $26.35 billion) far exceed the headline $18.7 billion long-term debt figure and dwarf the $1.9 billion cash balance, indicating a much more leveraged position than the summary table suggests.

🔒 4 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for ECHO.

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