EchoStar Corporation (NASDAQ: SATS) announced its fourth‑quarter and full‑year 2025 financial results on March 2, 2026. The company reported total revenue of $3.80 billion for the quarter, down 4.3% year‑over‑year to $3.796 billion, and a net loss of $1.21 billion, or $50.41 per share, compared with a $1.05 billion loss ($0.44 per share) for the same period last year.
Segment results highlighted a decline in the Pay‑TV business, which generated $2.36 billion in revenue and an operating loss of $1.20 billion, while the Wireless segment posted $957 million in revenue and an operating loss of $66 million. The Broadband and Satellite Services segment produced $400 million in revenue and an operating loss of $1.15 billion. The company’s operating loss widened to $16.88 billion for the quarter, largely driven by $16.20 billion in impairment charges related to the abandoned 5G network.
EchoStar’s management noted that the company’s liquidity position remains constrained, with $4.04 billion in cash and marketable securities as of December 31, 2025, and upcoming debt maturities of $3.4 billion by August 2026. The company emphasized that it is working to close its spectrum sales to AT&T and SpaceX, which are expected to provide $22.65 billion and $17 billion in cash, respectively, to support operations and future satellite initiatives. Investors can find detailed financial statements and guidance on EchoStar’s investor relations website.
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