| Cash Flow | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|---|
| Net income (loss) | 8,462,545 | -147,300 | -1,215,466 | -12,781,348 |
| Depreciation and amortization | 170,543 | 166,601 | 212,870 | 391,291 |
| Impairments and other | -2,286 | -66,159 | 1,150,543 | 16,481,468 |
| Deconsolidation gain (note 3) | 9,728,958 | - | - | - |
| Realized and unrealized losses (gains) and impairments on investments and other | 11,209 | -2,737 | -27,322 | -35,947 |
| Asset sales and other losses (gains) | - | - | 40,554 | 59,474 |
| Non-cash, stock-based compensation | 13,130 | 10,233 | 8,278 | 11,871 |
| Interest expense paid in kind on long-term debt | - | - | 0 | 95,120 |
| Deferred tax expense (benefit) | 1,317,889 | -28,582 | -84,345 | -4,153,838 |
| Changes in allowance for credit losses | -9,373 | 4,021 | -11,794 | -6,847 |
| Change in long-term deferred revenue and other long-term liabilities | -22,149 | -60,073 | -87,331 | 36,257 |
| Other, net | 20,752 | 79,253 | 28,286 | -83,292 |
| Trade accounts receivable | - | - | 28,546 | - |
| Prepaid and accrued income taxes | - | - | 10,431 | - |
| Inventory | - | - | -59,368 | - |
| Other operating assets and operating liabilities | - | - | -7,895 | - |
| Trade accounts payable | - | - | -130,828 | - |
| Deferred revenue and other | - | - | -11,313 | - |
| Accrued programming and other accrued expenses | - | - | -319,707 | - |
| Changes in operating assets and operating liabilities, net | 352,880 | -225,575 | - | -184,014 |
| Net cash flows from operating activities | -9,960 | 238,284 | -425,322 | 111,681 |
| Purchases of marketable investment securities | -61 | 577,181 | 301,159 | 520,255 |
| Sales and maturities of marketable investment securities | 50,354 | 1,521,282 | 679,064 | 1,022,984 |
| Purchases of property and equipment (note 8) | 92,299 | 133,435 | 158,098 | 256,032 |
| Capitalized interest related to regulatory authorizations (note 2) | - | - | 0 | 102,526 |
| Spacex reimbursement of cash interim debt service payments (note 1) | 413,663 | - | - | - |
| Sale of fiber business | - | - | 0 | 0 |
| Cash divested from the deconsolidated entities | 362,968 | - | - | - |
| Other, net | 46,172 | -38,429 | -25,629 | -5,508 |
| Net cash flows from investing activities | -37,361 | 849,095 | 245,436 | 149,679 |
| Repayment of debt, finance lease and other obligations | 10,567 | 5,654 | 10,031 | 13,760 |
| Redemption and repurchases of debt (note 10) | 0 | 1,787,082 | 351,321 | 166,667 |
| Proceeds from issuance of debt (note 10) | - | - | 0 | 0 |
| Debt issuance costs and debt (discount) premium | - | - | 0 | 0 |
| Early debt redemption gains (losses) | - | - | 0 | 0 |
| Class a common stock repurchases | - | - | 0 | 48,512 |
| Net proceeds from class a common stock options exercised and stock issued under the employee stock purchase plan | 14,176 | 7,513 | 13,353 | 28,852 |
| Other, net | 973 | 1,727 | 558 | 3,212 |
| Net cash flows from financing activities | 4,582 | -1,783,496 | -347,441 | -196,875 |
| Effect of exchange rates on cash and cash equivalents | 259 | -240 | -347 | 26 |
| Net increase (decrease) in cash, cash equivalents, restricted cash and cash equivalents | -42,480 | -696,357 | -527,674 | 64,511 |
| Cash, cash equivalents, restricted cash and cash equivalents, beginning of period (note 6) | 1,485,798 | 2,182,155 | 2,709,829 | 2,645,318 |
| Cash, cash equivalents, restricted cash and cash equivalents, end of period (note 6) | 1,443,318 | 1,485,798 | 2,182,155 | 2,709,829 |
EchoStar CORP (ECHO)
EchoStar CORP (ECHO)