15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $15.0B | -$14.5B | 0.0% | -118.1% | -$1.1B | — | $1.9B |
| 2024 | $15.8B | -$120M | 0.0% | -1.9% | -$292M | — | $4.3B |
| 2023 | $17.0B | -$1.7B | 0.0% | -1.6% | -$668M | — | $1.8B |
| 2022 | $18.6B | — | 0.0% | 12.0% | $571M | $1.5B | $2.5B |
| 2021 | $19.8B | — | 0.0% | 17.3% | $3.0B | $1.5B | $536M |
| 2020 | $1.9B | — | 0.0% | 6.0% | $126M | $2.4B | $896M |
| 2019 | $1.9B | -$63M | 0.0% | 3.9% | $238M | $2.4B | $1.5B |
| 2018 | $1.8B | -$40M | 0.0% | 2.1% | $179M | $3.3B | $928M |
| 2017 | $1.5B | $393M | 86.1% | 2.0% | $144M | $3.4B | $2.4B |
| 2016 | $1.8B | $180M | 88.7% | 16.4% | $81M | $3.4B | $2.6B |
| 2015 | — | $153M | — | — | -$33M | $1.9B | $924M |
| 2014 | — | $153M | — | — | — | — | $549M |
| 2013 | — | $3M | — | — | — | — | $634M |
| 2012 | — | $211M | — | — | — | — | $732M |
| 2010 | — | $204M | — | — | $207M | — | $142M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $3.7B | -$147M | 0.0% | 10.7% | $105M | — | $1.3B |
| Dec '25 | $3.8B | — | 0.0% | -20.5% | -$583M | — | $1.9B |
| Sep '25 | $3.6B | -$12.8B | 0.0% | -460.5% | -$144M | — | $2.4B |
| Jun '25 | $3.7B | -$306M | 0.0% | -5.7% | -$286M | — | $2.3B |
| Mar '25 | $3.9B | -$203M | 0.0% | -2.3% | -$52M | — | $2.5B |
| Dec '24 | $4.0B | — | 0.0% | -1.6% | -$299M | — | $4.3B |
| Sep '24 | $3.9B | -$142M | 0.0% | -4.1% | -$58M | — | $623M |
| Jun '24 | $4.0B | -$206M | 0.0% | -1.7% | $132M | — | $419M |
| Mar '24 | $4.0B | -$107M | 0.0% | -0.4% | -$68M | $951M | $614M |
| Dec '23 | $4.2B | — | 0.0% | -20.5% | -$156M | — | $1.8B |
| Sep '23 | $4.1B | — | 0.0% | -0.8% | -$350M | $1.5B | $1.1B |
| Jun '23 | $4.4B | — | 0.0% | 5.8% | -$185M | $1.5B | $702M |
| Mar '23 | $4.4B | — | 0.0% | 8.1% | $24M | $1.5B | $920M |
| Dec '22 | $4.5B | — | 0.0% | 9.4% | $477M | $1.5B | $2.5B |
| Sep '22 | $4.6B | — | 0.0% | 10.3% | $30M | $1.5B | $901M |
| Jun '22 | $4.7B | — | 0.0% | 15.7% | $72M | $1.5B | $992M |
| Mar '22 | $502M | — | 0.0% | 9.0% | -$8M | $1.5B | $889M |
| Dec '21 | $499M | — | 0.0% | 7.1% | $118M | $1.5B | $536M |
| Sep '21 | $505M | — | 0.0% | 12.4% | $30M | $1.5B | $430M |
| Jun '21 | $500M | — | 0.0% | 13.1% | $109M | $1.5B | $717M |
How the market has priced SATS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, EchoStar's revenue has grown 51.4% per year. These are computed facts, not advice.
As of FY2025, EchoStar reported — of total debt against $1.9B of cash.
In FY2025, gross margin was —, operating margin -118.1%, and net margin -96.6%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.