EchoStar (ECHO) 10-K Summary — Year Ended Dec 31, 2024
EchoStar Corporation, a holding company, completed its acquisition of DISH Network at the end of 2023 and later agreed to sell a business to DIRECTV in 2024. For the most recent annual period, revenue declined, operating income turned negative, net income was negative, and operating cash flow remained positive.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
EchoStar Corporation, a holding company, completed its acquisition of DISH Network at the end of 2023 and later agreed to sell a business to DIRECTV in 2024. For the most recent annual period, revenue declined, operating income turned negative, net income was negative, and operating cash flow remained positive.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$15.8B
Revenue reported for the fiscal year.
Operating income
-$304.1M
Income from operations reported for the year.
Net income
-$119.5M
Net income reported for the year.
Operating cash flow
$1.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $4.4B | n/a |
| Sep 30, 2023 | $4.1B | -5.7% |
| Dec 31, 2023 | $17B | +314.1% |
| Dec 31, 2024 | $15.8B | -7.0% |
Business overview
EchoStar is a Nevada holding company whose public Class A common stock trades on NASDAQ under the symbol SATS. The company acquired DISH Network in a merger completed at the end of 2023, making DISH a wholly owned subsidiary. In September 2024, EchoStar entered into an agreement to sell a business to DIRECTV.
Financial performance
Total revenue decreased compared to the prior year. Operating income shifted from a profit to a loss, and net income was also negative. The company generated positive operating cash flow.
Material risks
The filing identifies risks such as competition, regulatory changes, and challenges associated with integrating the DISH Network acquisition. No specific risk details were provided in the supplied context beyond the table of contents.
Liquidity and capital
The company's positive operating cash flow supports its liquidity needs. The pending DIRECTV transaction may affect future capital allocation.
What to watch
Monitor the completion of the pending sale of a business to DIRECTV in the next filing.