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ECHO

Communication Services · Wireless Telecommunication Services

EchoStar: revenue, profit and cash flow

In fiscal 2025, EchoStar had revenue of $15B, up 51.4% a year on average since 2020, and a net loss of $14.5B. It has 208% more shares than in 2015.

Revenue, fiscal 2025

$15B+51.4% a year

average annual revenue growth since 2020 · −5.2% vs 2024

Net income, 2025
−$14.5B
−96.6% of revenue
Diluted EPS, 2025
−$50.41
Shares, 2025
288M
+207.7% since 2015
Free cash flow, 2025
−$1.07B
−$99.4M from operations − $966M capex
Ticker
ECHO · Nasdaq
Sector
Communication Services
Sub-industry
Wireless Telecommunication Services
Headquarters
Englewood, Colorado
Founded
2008
In the S&P 500 since
March 23, 2026
Latest fiscal year
2025, ended December 31, 2025
SEC filer
EchoStar CORP · CIK 0001415404

Revenue and net income

Revenue went from $1.81B in 2016 to $15B in 2025. Net loss in 2008, 2018–2020, 2023–2025.

RevenueNet income
Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from −$10.73 in 2008 to −$50.41 in 2025.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

207.7% more shares in 2025 than in 2015 (93.5M → 288M): new shares outweighed buybacks.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was −$1.07B in 2025, −7.1% of revenue. Negative in 2008–2009, 2012, 2015, 2023–2025.

Operating cash flowCapital expenditureFree cash flow
Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal yearRevenueNet incomeNet marginDiluted EPSSharesOperating cash flowCapexFree cash flow
2025$15B−$14.5B−96.6%−$50.41288M−$99.4M$966M−$1.07B
2024$15.8B−$120M−0.8%−$0.44274M$1.25B$1.54B−$292M
2023$17B−$1.7B−10.0%−$6.28271M$2.43B$3.1B−$668M
2022$18.6B$2.48B13.3%$8.05308M$3.62B$3.05B$571M
2021$19.8B$2.49B12.5%$7.94313M$4.66B$1.62B$3.04B
2020$1.89B−$40.1M−2.1%−$0.4197.9M$534M$409M$126M
2019$1.89B−$62.9M−3.3%−$0.6596.7M$656M$419M$238M
2018$1.76B−$40.5M−2.3%−$0.4296.2M$735M$555M$179M
2017$1.53B$393M25.7%$4.0796.7M$727M$583M$144M
2016$1.81B$180M9.9%$1.9294.4M$803M$722M$81M
2015—$153M—$1.7593.5M$776M$809M−$32.8M
2014—$153M—$1.7892.6M$840M$680M$160M
2013—$2.52M—$0.0391M$451M$392M$58.6M
2012—$211M—$2.4088M$505M$513M−$7.86M
2011—$3.64M—$0.0487.1M$447M$377M$69.8M
2010—$204M—$2.4085.2M$404M$197M$207M
2009—$365M—$4.2486.1M$196M$214M−$17.6M
2008—−$958M—−$10.7389.3M$118M$230M−$112M

Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.

About these figures

Other Wireless Telecommunication Services companies

All 19 Communication Services companies

Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.