EchoStar Corp
EchoStar Corp provides satellite-based broadband and video services to residential and commercial customers in the United States and internationally, generating revenue primarily through subscription fees and equipment sales.
Business. EchoStar Corp (SATS.O) is a wireless telecommunications services company operating within the broader technology and telecommunications sectors. The firm generates revenue primarily through a subscription-based model, focusing on key performance indicators such as wireless postpaid net adds, broadband net adds, and average revenue per user. Specific details regarding the company's operating segments, headquarters location, and primary stock exchange listings are not provided in the available data.
Analyst recommendations
5 analysts · consensus HoldAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
- Congressional trades
- CongressLisa McClain — EchoStar Corporation - Common2025-10-31 · Republican · MI · Sale · $1,001 - $15,000
- CongressLisa McClain — EchoStar Corporation - Common2025-10-30 · Republican · MI · Sale · $1,001 - $15,000
- CongressLisa McClain — EchoStar Corporation - Common2025-10-30 · Republican · MI · Purchase · $1,001 - $15,000
Pre-earnings brief
This is the first analysis for EchoStar Corp (SATS.O), establishing a baseline with no prior data for delta computation. Consequently, there are no material changes to report relative to a previous period, and no cross-source signals or sagas are currently active. The company profile indicates a structure with 35 top holders, one index membership, and coverage by four analysts, though no officer count is currently recorded. Recent watcher signals highlight significant modifications in holder positions, specifically flagged as major severity events. These changes involve substantial shifts in share counts for specific investors, such as investor ID 587 reducing holdings from 5,055 shares to 1 share, and investor ID 929 exhibiting fluctuating positions between 593,000 and 812,268 shares. These adjustments were detected between June 21 and June 24, 2026, reflecting active trading or reporting updates for these entities. The significance of these holder changes lies in the volatility of ownership stakes among key investors, despite the lack of broader material corporate events. The drastic reduction by investor ID 587 and the oscillating positions of investor ID 929 suggest dynamic portfolio adjustments or potential data corrections within the reporting period. These movements occur against a backdrop of limited analyst coverage and a defined top-holder structure, indicating that ownership concentration may be shifting among a relatively small group of major stakeholders. As this is the initial analysis, the current data serves as a foundational snapshot rather than a trend analysis. The absence of prior basis for delta computation means that future assessments will rely on this current state of 35 top holders and four analysts to measure subsequent changes. Investors should monitor these initial holder modifications as the starting point for tracking ownership stability and potential shifts in institutional sentiment for EchoStar Corp.
Signals & dispatch
Composite-score breakdown
Synthesis
EchoStar Corp (SATS.O) is a wireless telecommunications services company operating within the broader technology and telecommunications sectors. The firm generates revenue primarily through a subscription-based model, focusing on key performance indicators such as wireless postpaid net adds, broadband net adds, and average revenue per user. Specific details regarding the company's operating segments, headquarters location, and primary stock exchange listings are not provided in the available data.
EchoStar Corp operates with a debt-to-equity ratio of 1.1, indicating a moderate reliance on debt financing. The company's liquidity position is characterized by a current ratio of 0.44, suggesting limited short-term liquidity, as cash and equivalents amount to $613.7 million against total liabilities of $35.8 billion. Free cash flow is negative at -$143.7 million, reflecting capital expenditure outpacing operating cash flow.
Profitability metrics show a challenging performance, with a return on equity of -0.54% and a return on assets of -0.19%, both significantly below the industry median for Wireless Telecommunications Services. Operating income is negative at -$15.2 million, and net income is -$107.4 million, indicating operational losses despite gross profit of $1.1 billion. These figures suggest a need for cost optimization or revenue diversification to align with industry benchmarks.
Geographically, EchoStar's revenue is concentrated in the United States, with international exposure limited to disclosed segments. The company's business model is heavily dependent on domestic market dynamics, including regulatory frameworks and consumer demand for satellite services. This concentration may expose the company to regional economic and regulatory risks.
Growth trajectory appears constrained, with no specific revenue growth rates provided in the latest financials. Analysts have assigned a mean price target of $118.58 and a median of $128.00, with a mean recommendation of 2.60 (leaning toward hold). The absence of strong buy ratings and the presence of three hold recommendations suggest cautious investor sentiment. Historical revenue trends and outlook data are needed to assess long-term growth potential.
Risk factors include liquidity constraints and the potential for dilution, though the latter is currently assessed as low. The company's net cash position is negative after subtracting total debt, signaling a need for careful capital management. Adjustments in valuation models reflect these risks, with a focus on liquidity and debt servicing capacity. The risk assessment highlights the importance of monitoring free cash flow and capital expenditure trends to assess financial stability.
Recent events include the publication of the latest financial snapshot, which provides updated figures on revenue, operating income, and capital structure. No recent filings or transcripts have been disclosed in the provided data, limiting insight into management commentary or strategic shifts. Investors should monitor upcoming earnings reports and regulatory filings for further clarity on EchoStar's operational and financial direction.
This is the first analysis for EchoStar Corp (SATS.O), establishing a baseline with no prior data for delta computation. Consequently, there are no material changes to report relative to a previous period, and no cross-source signals or sagas are currently active. The company profile indicates a structure with 35 top holders, one index membership, and coverage by four analysts, though no officer count is currently recorded. Recent watcher signals highlight significant modifications in holder positions, specifically flagged as major severity events. These changes involve substantial shifts in share counts for specific investors, such as investor ID 587 reducing holdings from 5,055 shares to 1 share, and investor ID 929 exhibiting fluctuating positions between 593,000 and 812,268 shares. These adjustments were detected between June 21 and June 24, 2026, reflecting active trading or reporting updates for these entities. The significance of these holder changes lies in the volatility of ownership stakes among key investors, despite the lack of broader material corporate events. The drastic reduction by investor ID 587 and the oscillating positions of investor ID 929 suggest dynamic portfolio adjustments or potential data corrections within the reporting period. These movements occur against a backdrop of limited analyst coverage and a defined top-holder structure, indicating that ownership concentration may be shifting among a relatively small group of major stakeholders. As this is the initial analysis, the current data serves as a foundational snapshot rather than a trend analysis. The absence of prior basis for delta computation means that future assessments will rely on this current state of 35 top holders and four analysts to measure subsequent changes. Investors should monitor these initial holder modifications as the starting point for tracking ownership stability and potential shifts in institutional sentiment for EchoStar Corp.
- EchoStar Corp is operating at a net loss with negative operating and net income, indicating financial distress.
- The company's liquidity position is weak, with a current ratio of 0.44 and negative free cash flow.
- Return on equity and return on assets are below industry medians, signaling underperformance in profitability.
- Revenue is concentrated in the United States, exposing the company to regional economic and regulatory risks.
- Analysts have a cautious outlook, with no strong buy ratings and a median price target of $128.00.
- The risk assessment highlights liquidity and debt management as key concerns for investors.
Bull / Bear case
Generated · model-assistedAnalysts project 19.2% upside to a mean price target of $118.59, suggesting undervaluation relative to current market price.
Operating income improved to $384.6 million in FY2025, demonstrating a return to operational profitability after a significant loss in FY2024.
Free cash flow turned positive to $331.2 million in FY2025, reversing the substantial negative cash flow recorded in the prior fiscal year.
Debt-to-equity ratio of 1.1 remains below the cohort median of 0.66, indicating relatively lower leverage compared to wireless peers.
Dilution risk is assessed as low, providing reassurance to shareholders regarding potential equity value erosion from new issuances.
Operating income collapsed to a negative $17.6 billion in FY2026, signaling severe deterioration in core business profitability and operational efficiency.
Free cash flow deteriorated sharply to a negative $13.8 billion in FY2026, indicating massive cash burn and liquidity pressure.
Credit risk is flagged as high, reflecting significant concerns regarding the company's ability to meet its financial obligations.
Net margin of -2.67% places the company in the bottom quartile of its wireless telecommunications cohort, indicating poor profitability.
In focus — financials by report
Revenue $3.80B, −4,3% YoY; Operating income −218,1% YoY.
- ▍Revenue $3.80B, −4,3% YoY
- ▍Operating income −218,1% YoY
- ▍Net income −460,1% YoY
- ▍Free cash flow −313,9% YoY
- ▍Net margin -31.8%
Revenue $3.61B, −7,1% YoY; Operating income −10 237,8% YoY.
- ▍Revenue $3.61B, −7,1% YoY
- ▍Operating income −10 237,8% YoY
- ▍Net income −8 912,8% YoY
- ▍Free cash flow −24 796 152,9% YoY
- ▍Net margin -353.6%
Revenue $3.72B, −5,8% YoY; Operating income −169,2% YoY.
- ▍Revenue $3.72B, −5,8% YoY
- ▍Operating income −169,2% YoY
- ▍Net income −48,9% YoY
- ▍Free cash flow −126,4% YoY
- ▍Net margin -8.2%
Revenue $3.87B, −3,6% YoY; Operating income −402,9% YoY.
- ▍Revenue $3.87B, −3,6% YoY
- ▍Operating income −402,9% YoY
- ▍Net income −88,8% YoY
- ▍Free cash flow +118,5% YoY
- ▍Net margin -5.2%
Revenue $3.97B; Operating income $626.0M.
- ▍Revenue $3.97B
- ▍Operating income $626.0M
- ▍Net margin 8.5%
Revenue $3.89B; Operating income -$160.8M.
- ▍Revenue $3.89B
- ▍Operating income -$160.8M
- ▍Net margin -3.6%
Revenue $3.95B; Operating income -$65.4M.
- ▍Revenue $3.95B
- ▍Operating income -$65.4M
- ▍Net margin -5.2%
Revenue $4.01B; Operating income -$15.2M.
- ▍Revenue $4.01B
- ▍Operating income -$15.2M
- ▍Net margin -2.7%
Revenue $15.00B, −5,2% YoY; Operating income −4 679,3% YoY.
- ▍Revenue $15.00B, −5,2% YoY
- ▍Operating income −4 679,3% YoY
- ▍Net income −12 026,9% YoY
- ▍Free cash flow −4 280,1% YoY
- ▍Net margin -96.6%
Revenue $15.83B, −7,0% YoY; Operating income +257,2% YoY.
- ▍Revenue $15.83B, −7,0% YoY
- ▍Operating income +257,2% YoY
- ▍Net income +93,0% YoY
- ▍Free cash flow +110,5% YoY
- ▍Net margin -0.8%
Revenue $17.02B, +751,6% YoY; Operating income −229,0% YoY.
- ▍Revenue $17.02B, +751,6% YoY
- ▍Operating income −229,0% YoY
- ▍Net income −1 061,3% YoY
- ▍Free cash flow −1 241,0% YoY
- ▍Net margin -10.0%
Revenue $2.00B, +0,6% YoY; Operating income +17,2% YoY.
- ▍Revenue $2.00B, +0,6% YoY
- ▍Operating income +17,2% YoY
- ▍Net income +142,9% YoY
- ▍Free cash flow +235,3% YoY
- ▍Net margin 8.9%
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | -2,67 |
| Revenue | —no estimate | —no estimate | 14,5B USD |
| Operating income | —no estimate | —no estimate | 903,1M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director, CHAIRMAN, PRES and CEO, 10% owner · Class B Common Stock → Class A Common StockDisposed 4 300 000gift · 2026-06-15
- CHIEF LEGAL OFFICER · Employee Stock Option (Right to Buy) → Class A Common StockDisposed 4 000 @ $14,04exercise · 2026-06-12
- CHIEF LEGAL OFFICER · Employee Stock Option (Right to Buy) → Class A Common StockDisposed 6 000 @ $14,04exercise · 2026-06-12
- Director, CEO, EchoStar Capital · Employee Stock Option (Right to Buy) → Class A Common StockDisposed 122 500 @ $14,04exercise · 2026-06-05
- Director, CEO, EchoStar Capital · Employee Stock Option (Right to Buy) → Class A Common StockDisposed 20 417 @ $14,04exercise · 2026-06-05
- CHIEF LEGAL OFFICER · Employee Stock Option (Right to Buy) → Class A Common StockDisposed 10 000 @ $14,04exercise · 2026-06-04
- Director · Non-Employee Director Stock Option → Class A Common StockDisposed 5 000 @ $24,49exercise · 2026-05-18
- 10% owner · Class B Common Stock → Class A Common StockAcquired 2 925 750other · 2026-05-13
- 10% owner · Class B Common Stock → Class A Common StockDisposed 1 902 790gift · 2026-05-13
- Director, CHAIRMAN, PRES and CEO, 10% owner · Class B Common Stock → Class A Common StockDisposed 3 306 885gift · 2026-05-13
- Director, CHAIRMAN, PRES and CEO, 10% owner · Class B Common Stock → Class A Common StockAcquired 381 135gift · 2026-05-13
- Director, CHAIRMAN, PRES and CEO, 10% owner · Class B Common Stock → Class A Common StockAcquired 2 925 750other · 2026-05-13
- Director, CHAIRMAN, PRES and CEO, 10% owner · Class B Common Stock → Class A Common StockDisposed 1 902 790gift · 2026-05-13
- Director, 10% owner, SENIOR ADVISOR · Employee Stock Option (Right to Buy) → Class A Common StockAcquired 5 000 @ $120,60grant · 2026-04-01
- Director · Non-Employee Director Stock Option → Class A Common StockAcquired 5 000 @ $120,60grant · 2026-04-01
- Director · Non-Employee Director Stock Option → Class A Common StockAcquired 5 000 @ $120,60grant · 2026-04-01
- Director · Non-Employee Director Stock Option → Class A Common StockAcquired 5 000 @ $120,60grant · 2026-04-01
- Director · Non-Employee Director Stock Option → Class A Common StockAcquired 5 000 @ $120,60grant · 2026-04-01
- Director · Non-Employee Director Stock Option → Class A Common StockAcquired 5 000 @ $120,60grant · 2026-04-01
- Director · Non-Employee Director Stock Option → Class A Common StockAcquired 5 000 @ $120,60grant · 2026-04-01
- Director · Non-Employee Director Stock Option → Class A Common StockAcquired 5 000 @ $120,60grant · 2026-04-01
- Director, CEO, EchoStar Capital · Employee Stock Option (Right to Buy) → Class A Common StockDisposed 20 417 @ $14,04exercise · 2026-03-06
- Director, CEO, EchoStar Capital · Employee Stock Option (Right to Buy) → Class A Common StockDisposed 233 918 @ $16,57exercise · 2026-03-06
- CHIEF LEGAL OFFICER · Employee Stock Option (Right to Buy) → Class A Common StockDisposed 7 631 @ $14,04exercise · 2026-03-05
- CHIEF LEGAL OFFICER · Employee Stock Option (Right to Buy) → Class A Common StockDisposed 14 000 @ $14,04exercise · 2026-03-05
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- EchoStar Corp Market data — financials · 2026-05-29
- EchoStar Corp Market data — analyst estimates · 2026-05-29
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,07 %$401M
- Institutional Investor · as of 2026-03-310,07 %$1 312M
- Funds · as of 2026-03-310,04 %$294M
- Investment Managers · as of 2026-03-310,03 %$545M
- Investment Managers · as of 2026-03-310,03 %$222M
- Investment Managers · as of 2026-03-310,03 %$208M
- Investment Managers · as of 2026-03-310,02 %$95M
- Investment Managers · as of 2025-12-310,02 %$1 458M
- Institutional Investor · as of 2026-03-310,02 %$60M
- Investment Managers · as of 2026-03-310,02 %$60M
- Institutional Investor · as of 2026-03-310,02 %$95M
- Investment Managers · as of 2026-03-310,01 %$230M
- Investment Managers · as of 2026-03-310,01 %$83M
- Investment Managers · as of 2026-03-310,01 %$18M
- Investment Managers · as of 2026-03-310,01 %$0M
- Investment Managers · as of 2026-03-310,01 %$12M
- Investment Managers · as of 2024-06-300,01 %$342M
- Investment Managers · as of 2026-03-310,01 %$27M
- Investment Managers · as of 2026-03-310,00 %$8M
- Brokerage Firms · as of 2026-03-310,00 %$11M
- Brokerage Firms · as of 2026-03-310,00 %$14M
- Investment Managers · as of 2024-12-310,00 %$8M
- Investment Managers · as of 2026-03-310,00 %$58M
- Investment Managers · as of 2026-03-310,00 %$7M
- Investment Managers · as of 2026-03-310,00 %$4M
- Institutional Investor · as of 2026-03-310,00 %$6M
- Investment Managers · as of 2026-03-310,00 %$2M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$2M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
Insider activity
- CHIEF LEGAL OFFICER · Class A Common StockOther 6 000 @ $14,04$84K · 2026-06-12
- CHIEF LEGAL OFFICER · Class A Common StockSold 6 000 @ $130,39$782K · 2026-06-12
- CHIEF LEGAL OFFICER · Class A Common StockOther 4 000 @ $14,04$56K · 2026-06-12
- CHIEF LEGAL OFFICER · Class A Common StockSold 4 000 @ $130,39$522K · 2026-06-12
- Director, CEO, EchoStar Capital · Class A Common StockOther 122 500 @ $14,04$1,7M · 2026-06-05
- Director, CEO, EchoStar Capital · Class A Common StockSold 45 073 @ $121,00$5,5M · 2026-06-05
- Director, CEO, EchoStar Capital · Class A Common StockOther 20 417 @ $14,04$287K · 2026-06-05
- Director, CEO, EchoStar Capital · Class A Common StockSold 7 513 @ $121,00$909K · 2026-06-05
- CHIEF LEGAL OFFICER · Class A Common StockOther 10 000 @ $14,04$140K · 2026-06-04
- CHIEF LEGAL OFFICER · Class A Common StockSold 10 000 @ $119,50$1,2M · 2026-06-04
- Director · Class A Common StockOther 5 000 @ $24,49$122K · 2026-05-18
- Director, CEO, EchoStar Capital · Class A Common StockOther 20 417 @ $14,04$287K · 2026-03-06
- Director, CEO, EchoStar Capital · Class A Common StockOther 233 918 @ $16,57$3,9M · 2026-03-06
- Director, CEO, EchoStar Capital · Class A Common StockSold 71 005 @ $107,52$7,6M · 2026-03-06
- CHIEF LEGAL OFFICER · Class A Common StockOther 7 631 @ $14,04$107K · 2026-03-05
- CHIEF LEGAL OFFICER · Class A Common StockSold 7 631 @ $114,51$874K · 2026-03-05
- CHIEF LEGAL OFFICER · Class A Common StockOther 14 000 @ $14,04$197K · 2026-03-05
- CHIEF LEGAL OFFICER · Class A Common StockSold 11 400 @ $114,60$1,3M · 2026-03-05
- PRES, TECH & COO · Class A Common StockSold 15 000 @ $114,04$1,7M · 2026-03-04
- PRES, TECH & COO · Class A Common StockOther 35 088 @ $16,57$581K · 2026-03-04
- PRES, TECH & COO · Class A Common StockSold 35 088 @ $113,39$4,0M · 2026-03-04
- PRES, TECH & COO · Class A Common StockOther 7 964 @ $112,18$893K · 2026-01-02
- Director, CEO, EchoStar Capital · Class A Common StockOther 263 158 · 2025-12-31
- Director · Class A Common StockOther 1 754 @ $92,17$162K · 2025-12-31
- Director · Class A Common StockOther 1 488 @ $108,70$162K · 2025-12-31
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Return on equity (FY 2025-12-31): -251.4%Derived (calculated)
- Return on assets (FY 2025-12-31): -33.7%Derived (calculated)
- Current ratio (FY 2025-12-31): 0.42xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): 6.45xDerived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -56.3%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): -5.2%Derived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): -37.5%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): -12,026.9%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -11,356.8%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -11,356.8%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): -29.4%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -8.6%Derived (calculated)
- R&D expense (YoY) (2025-12-31 vs 2024-12-31): -25.3%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -71.4%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): -5,728.6%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -107.9%Derived (calculated)
- Net margin (FY 2025-12-31): -96.6%Derived (calculated)
- Shareholders' equity (annual): USD 5.77BSEC XBRL filing
- Total assets (annual): USD 43.02BSEC XBRL filing
- Revenue (annual): USD 15BSEC XBRL filing
- Pre-tax income (annual): USD -18.89BSEC XBRL filing
- Capex (annual): USD 965.73MSEC XBRL filing
- Net income (annual): USD -14.5BSEC XBRL filing
- EPS (diluted) (annual): USD-PER-SHARES -50SEC XBRL filing