EchoStar Corp
echostar.comWhat Do They Do?
Provides pay-TV, wireless, and satellite broadband services to consumers, businesses, and government customers.
10-K for FY2025, filed Mar 2, 2026We operate in the consumer market in the United States and use print, radio, television and Internet media, on a local and national basis…View ↗
Our Wireless segment provides Wireless services and products. We offer nationwide Wireless services to subscribers primarily under our…View ↗
Our enterprise customers include, but are not limited to, retailers, financial institutions, aircraft connectivity providers, lottery…View ↗
Our consumer customers consist of home and small to medium-sized business in the Americas. We provide broadband satellite technologies and…View ↗
How Do They Make Money?
Service revenue comes from subscribers and broadband customers paying monthly or recurring fees; some connectivity charges vary with use, and enterprise network projects bring payments as work progresses. Equipment sales are paid when the goods ship or are delivered.
10-K for FY2025, filed Mar 2, 2026Our residential video subscribers contract for individual services or combinations of services, as discussed above, the majority of which…View ↗
Our Wireless segment revenue is primarily derived from Wireless subscriber revenue and selling wireless devices to subscribers. The…View ↗
Our broadband service contracts typically obligate us to provide substantially the same services on a recurring basis in exchange for fixed…View ↗
In addition to equipment and service offerings, our Broadband and Satellite Services segment also enters into long-term contracts to…View ↗
We derive a portion of our revenues from contracts with customers for connectivity services. These contracts typically require advance or…View ↗
-
10-K for FY2025, filed Mar 2, 2026
FY2025 revenue by product or service ↗
$15B
-
10-K for FY2025, filed Mar 2, 2026
$15B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Service and other revenue
Mix
10-K for FY2025, filed Mar 2, 2026 |
93%
FY2022: 94%
|
Service and other revenue, FY2025
$14B Sources
|
Mix |
|
Equipment sales and other revenue
Sold outright
|
6.5%
FY2022: 5.6%
|
Equipment sales and other revenue, FY2025
$981.3M Sources
|
Sold outright |
Who Are Their Customers?
Consumers buy DISH TV and SLING TV, wireless plans, and satellite broadband directly online or through independent retailers and other stores. Enterprises and government customers buy connectivity, network equipment, and satellite services, often under long-term contracts.
10-K for FY2025, filed Mar 2, 2026We operate in the consumer market in the United States and use print, radio, television and Internet media, on a local and national basis…View ↗
While we offer receiver systems and programming through direct sales channels, a meaningful percentage of our gross new DISH TV subscriber…View ↗
We have both an indirect sales channel, which includes third-party owned retail stores and big box stores and a direct sales channel, which…View ↗
Our enterprise customers include, but are not limited to, retailers, financial institutions, aircraft connectivity providers, lottery…View ↗
Our consumer customers consist of home and small to medium-sized business in the Americas. We provide broadband satellite technologies and…View ↗
Do Revenues Turn Into Profits?
No. It lost $14.5B in FY2025.
10-K for FY2025, filed Mar 2, 2026
−$17.7BView ↗
10-K for FY2025, filed Mar 2, 2026
−$14.5BView ↗
10-K for FY2025, filed Mar 2, 2026
−$1.1BView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 3, 2026
$8.5BView ↗
- ▲ Now profitable
- vs −$306.1M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 3, 2026
Open tableView ↗
-
Aug 3, 2026
Hughes and certain U.S. subsidiaries filed for Chapter 11
EchoStar and its non-Hughes operations are outside the proceedings.
Sources
8-K, filed Aug 3, 2026
On August 2, 2026 (the “Petition Date”), EchoStar Corporation’s (“EchoStar”) subsidiary Hughes Satellite Systems Corporation (“HSSC”) and…View ↗
-
Jul 28, 2026
Completed sale of spectrum licenses and lease extension to AT&T
Sources
8-K, filed Jul 28, 2026
On July 28, 2026, EchoStar Corporation, a Nevada corporation (“EchoStar” or the “Seller”), and the other Seller Parties named therein…View ↗
-
Jul 7, 2026
CEO Hamid Akhavan resigned
Sources
8-K, filed Jul 7, 2026
(b) On July 6, 2026, after discussions with the Board of Directors regarding a change of strategic direction, Mr. Hamid Akhavan, Chief…View ↗
-
May 22, 2026
Transferred spectrum rights and licenses to trust in SpaceX deal
The later transfer to SpaceX remains subject to closing conditions.
Sources
8-K, filed May 22, 2026
On May 22, 2026, pursuant to the Amended and Restated License Purchase Agreement, the Company completed the Spectrum Transfer Closing (as…View ↗
Shrinking. Revenue fell 24% in 4 years, from $19.8B in FY2021 to $15B in FY2025, about 7% a year.
A broader service portfolio
The older report centers on Hughes broadband and enterprise networking and satellite-capacity services; the latest report also describes consumer pay-TV and nationwide wireless services alongside broadband and satellite services.
10-K for FY2022, filed Feb 23, 2023 10-K for FY2025, filed Mar 2, 2026We currently operate in two business segments: our Hughes segment and our EchoStar Satellite Services segment (“ESS segment”). These…View ↗
Our Hughes segment provides broadband satellite technologies and broadband internet products and services to consumer customers. We provide…View ↗
Our ESS segment provides satellite services on a full-time and/or occasional-use basis to U.S. government service providers, internet…View ↗
We operate in the consumer market in the United States and use print, radio, television and Internet media, on a local and national basis…View ↗
Our Wireless segment provides Wireless services and products. We offer nationwide Wireless services to subscribers primarily under our…View ↗
Our enterprise customers include, but are not limited to, retailers, financial institutions, aircraft connectivity providers, lottery…View ↗
Who Do They Compete With?
Competes with Netflix, Hulu, Apple+, Prime Video, YouTube TV, Disney+, ESPN+, Paramount+, HBO Max, STARZ, ESPN Unlimited, FOX One, Peacock, Fubo, Philo, Tubi, Verizon, AT&T, and T-Mobile
10-K for FY2025, filed Mar 2, 2026Our Pay-TV services also face increased competition from programmers and other companies who distribute video directly to consumers over…View ↗
Loading...
