Income StatementBalance SheetCash FlowSegments
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EchoStar Business Segments

Business, geographic, and product segment breakdowns

EchoStar generates $14.8B in annual revenue across 3 key segments: Other ($262.1M), Pay Tv ($62.7M), and Retail Wireless ($1.1B). The company-wide operating margin is -116.48%. Based on the Q1 2026 filing.

Other (TTM)$262.1MPay Tv (TTM)$62.7MRetail Wireless (TTM)$1.1B
Latest FilingQ1 2026
Report Date2026-05-09
Market Cap$36.0B
ROE-112.73%

Products & Services

Cost Of Goods And Service Excluding Depreciation Depletion And Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Programming$1.3B$1.2B$1.2B$1.1B$1.1B$1.1B
Service Other$529.0M$492.6M$544.4M$529.2M$495.0M$480.9M
Connectivity Service$753.4M$723.2M$737.2M$714.2M$569.4M$416.4M

Deferred Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Customer Contract$664.0M$582.0M$593.0M$604.0M$607.0M$547.0M

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service$3.7B$3.6B$3.5B$3.4B$3.4B$3.4B
Equipment Sales And Other Revenue$244.2M$263.6M$184.9M$186.3M$346.5M$291.9M

Revenue (Gross)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Service$3.7B$3.6B$3.5B$3.4B$3.4B$3.4B
Equipment Sales And Other Revenue$244.2M$263.6M$184.9M$186.3M$346.5M$291.9M

Geographic

Non-Current Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America$51.7B———$37.0B—
Other Excluding North America$160.5M———$38.7M—

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Excluding North America$79.2M$71.9M$71.9M$71.9M$71.9M—

Business Segments

Indefinite Lived License Agreements

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other$9.8B———$9.8B—
Pay Tv$677.4M———$677.4M—

Percentage Of Bidding Credit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aws3Licenses—25.0%———25.0%

Allowance For Doubtful Accounts Receivable

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pay Tv And Broadband$42.6M$46.4M$61.3M$53.1M$36.0M$40.8M
Wireless$28.7M$21.9M$24.8M$26.3M$26.0M$27.9M
Broadband And Satellite Services$11.3M$12.4M$12.1M$12.0M$17.6M$14.8M

Cost Of Goods And Service Excluding Depreciation Depletion And Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pay Tv$1.6B$1.6B$1.5B$1.5B$1.4B$1.4B
Retail Wireless—$465.5M$801.2M$790.7M$0.0$480.2M

Total Costs & Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pay Tv$1.9B$1.9B$1.9B$1.8B$1.7B$1.8B
Retail Wireless—$1.1B$1.7B$17.8B—$998.3M
Other$627.7M$690.7M———$178.3M

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pay Tv$79.2M$76.4M$67.8M$61.0M$57.5M$55.9M
Retail Wireless—$20.2M$321.0M$229.6M—$49.5M
Other$260.0M$303.9M———$11.3M

Indefinite Lived Intangible Assets Excluding Goodwill Accumulated Impairment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Broadband And Satellite Services————$439.2M—
Pay Tv And Other————-$5.3B—

Operating Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pay Tv$721.6M$653.4M$595.6M$549.4M$626.9M$471.6M
Other-$588.5M-$628.4M———-$87.3M
Retail Wireless—-$93.9M-$772.9M-$16.9B—-$35.8M

Operating Income Loss Before Depreciation And Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pay Tv$800.8M$729.9M$663.4M$610.4M$684.4M$527.4M
Other-$328.5M-$324.5M———-$76.0M
Retail Wireless—-$73.7M-$452.0M-$16.7B—$13.7M

Operating Lease Impairment Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other—$1.0B$1.0B$1.0B$1.0B—

Other Cost Of Operating Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Wireless$347.8M$349.2M$282.0M$315.2M$278.5M$251.1M
Other—$26.3M$26.3M$26.3M$26.3M$183.1M
Pay Tv$26.2M$9.7M$9.4M$8.5M$12.7M$32.1M

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Wireless$788.6M$809.6M$823.7M$836.2M$846.5M$868.2M
Other$39.2M$62.3M———$91.0M

Revenue (Gross)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pay Tv$2.7B$2.5B$2.5B$2.3B$2.4B$2.3B
Retail Wireless$889.1M$969.7M$934.6M$938.9M$949.3M$962.5M
Other$39.2M$62.3M———$91.0M

Segment Expenditure Addition To Long Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pay Tv$53.2M$62.4M$78.6M$98.6M$49.1M$88.1M
Retail Wireless$559.3M$284.0M$625.2M$214.7M—$28.8M
Other$516.4M$284.0M———$4.9M

SG&A Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pay Tv$236.0M$242.5M$240.5M$257.2M$236.0M$319.0M
Retail Wireless$77.8M$228.7M$303.4M$287.5M$63.1M$217.4M
Other$41.6M$43.7M———$50.0M

Selling General And Administrative Expense Excluding Subscriber Acquisition Costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pay Tv$144.8M$156.0M$152.8M$153.3M$154.7M$249.0M
Retail Wireless—$38.2M$98.6M$98.7M—$57.7M
Other$41.6M$43.7M———$50.0M

Subscriber Acquisition Costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Wireless$183.7M$190.5M$204.8M$188.8M$152.0M$159.8M
Pay Tv$91.1M$86.5M$87.6M$103.9M$81.4M$70.1M

Valuation Allowances And Reserves Charged To Cost And Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pay Tv And Broadband$5.1M$12.7M$24.3M——$12.5M
Wireless—$5.1M$8.7M$10.4M$9.3M$9.3M
Broadband And Satellite Services$4.5M$4.9M$3.6M$3.1M$9.5M$1.0M

Valuation Allowances And Reserves Deductions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pay Tv And Broadband-$12.7M-$8.9M-$9.4M-$8.1M-$7.5M-$7.6M
Wireless—-$12.0M-$5.8M-$8.9M-$9.7M-$7.4M
Broadband And Satellite Services-$8.3M-$3.9M-$4.0M-$3.1M-$3.9M-$3.9M

Valuation Allowances And Reserves Foreign Currency Translation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Broadband And Satellite Services-$282.0K$116.0K$108.0K——$154.0K

Interest Costs Capitalized

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capitalized Interest—$2.6B$2.6B$2.6B$2.6B—

Number Of Subscribers For Pay TV Services

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dish Tv5686000.005503000.005323000.005171000.005022000.004845000.00

Non Payment Gross Winning Bids

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Northstar Licenses$2.2B———$2.2B—

Wireless Spectrum Licenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Northstar Licenses261.00261.00261.00261.00261.00261.00

Asset Impairment Charges And Other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other—$4.0B$4.0B$4.0B$4.0B-$66.2M

Business Exit Costs1

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other—$186.9M$186.9M$186.9M$186.9M—

Impairment Of Intangible Assets Indefinitelived Excluding Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other—$1.3B$1.3B$1.3B$1.3B—

Impairment Of Long Lived Assets Held For Use

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other—$1.4B$1.4B$1.4B$1.4B—

Impairment Of Prepaid Expense And Other Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other—$98.3M$98.3M$98.3M$98.3M—

Losses Gains Restructuring Costs Settled

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other—-$12.9M-$12.9M-$12.9M-$12.9M—

Capitalized Interest Costs Accumulated Balance

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pay Tv And Other$9.5B———$10.3B—

Number Of Licenses Returned

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
SNR Licenses—113.00———113.00

Number Of Operating Segments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Wireless—0.750.750.750.75—