# EchoStar Corporation (ECHO) · Edgar & Edgarette company card

> EchoStar (ECHO) saw revenue fall 5.2% in FY2025 to $15.0 billion, operating margin -118% against a -4.4% median for communications services, equity 13.4% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1415404 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/ECHO) · [JSON](https://www.pops4.com/boards/company/ECHO.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $15.0B |
| Revenue growth, 1 year | -5.2% |
| Revenue growth per year | -6.7% |
| Operating margin | -118.1% (prior year -1.9%) |
| Net margin | -96.7% |
| Operating cash flow | −$99M |
| Capital spending | $966M |
| Free cash flow | −$1.1B |
| Cash | $1.9B |
| Long-term debt | $26.0B |
| Total assets | $43.0B |
| Total equity | $5.8B |
| Equity ÷ assets | 13.4% |
| Return on equity | -251.6% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -3.93 (distress zone)
- Piotroski F: 2 of 9 (weak)
- Health Harbor boat: Old boat · three warning signs · filed bankruptcy or receivership, debt accelerated or triggered in the last 12 months; operating cash flow was negative; operating loss: a margin of -118.1% in FY2025
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $15.0B (FY2025), total debt $26.0B. Experience: revenue down 5.2% on the year, down 6.7% a year over 4 years; operating margin -118.1%, down from -1.9%. Soundness: equity 13.4% of assets, return on equity -251.6%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $12.8B and $14.6B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $12.1B to $15.4B. A statistical range, not company guidance. Against peers (11 filers, $50M+ revenue, communications services, nec): operating margin -118.1% against a -4.4% median; growth -5.2% against -0.1%.

Range logged 2026-09-24, receipt 1a74180af2588599, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 1.03 Bankruptcy or receivership: 1, latest 2026-08-03 ([filing](https://www.sec.gov/Archives/edgar/data/1415404/000141540426000038/0001415404-26-000038-index.htm))
- Item 2.04 Debt accelerated or triggered: 2, latest 2026-08-03 ([filing](https://www.sec.gov/Archives/edgar/data/1415404/000141540426000038/0001415404-26-000038-index.htm))
- Item 5.02 Director or officer change: 5, latest 2026-08-03 ([filing](https://www.sec.gov/Archives/edgar/data/1415404/000141540426000038/0001415404-26-000038-index.htm))

## Recent filings

- 8-K · filed 2026-11-03 · 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1415404/000141540426000057/0001415404-26-000057-index.htm)
- 10-Q · filed 2026-11-03 · [filing](https://www.sec.gov/Archives/edgar/data/1415404/000110465926121675/0001104659-26-121675-index.htm)
- 8-K · filed 2026-10-02 · 1.01 Entry into a Material Definitive Agreement; 2.01 Completion of Acquisition or Disposition of Assets; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1415404/000141540426000048/0001415404-26-000048-index.htm)
- DEF 14A · filed 2026-09-18 · [filing](https://www.sec.gov/Archives/edgar/data/1415404/000110465926108960/0001104659-26-108960-index.htm)
- 8-K · filed 2026-08-07 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1415404/000141540426000042/0001415404-26-000042-index.htm)
- 8-K · filed 2026-08-03 · 1.03 Bankruptcy or Receivership; 2.04 Triggering Events That Accelerate a Financial Obligation; 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1415404/000141540426000038/0001415404-26-000038-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001415404.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1415404

## Cite

POPS4, Edgar & Edgarette: EchoStar Corporation (ECHO) company card, from the company's own SEC filings, accessed 2026-11-05, https://www.pops4.com/boards/company/ECHO. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.