ECHO is the ticker symbol for EchoStar CORP, a publicly traded Communication Services sector company listed on Nasdaq. 13F Pro tracks ECHO with AI-powered analysis, an AI quality score, SEC EDGAR financials, insider transactions, and institutional 13F holdings — all sourced directly from public SEC filings.

Is ECHO a good stock to buy?

13F Pro's AI ranking engine scores ECHO at 33.0/100, ranked #2,379 of 2,925 stocks on a composite quality score built from its SEC filings, covering profitability, growth, balance sheet strength, and free cash flow. The full AI verdict and bull/bear case for ECHO is available at https://13fpro.ai/company/ECHO. Not investment advice — review the underlying SEC filings before making any trade.

Where does 13F Pro source ECHO data?

All EchoStar CORP fundamentals and ownership data come directly from SEC EDGAR. EchoStar CORP files with the SEC under CIK 1415404. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

EchoStar CORP ECHO

NasdaqLarge CapCommunication Services

13F Pro quality score

Rank #2,379 of 2,925

Why it scores 33 Communication Services peers →

Rankings refresh quarterly once 80% of peers have filed. Next update: ~Nov 14, 2026.

Revenue

$3.58B

Quarter to Jun 30

Net income

$8.46B

Quarter to Jun 30

Free cash flow

$-102.26M

Quarter to Jun 30

Operating margin

14.3%

Quarter to Jun 30

Top Institutional Holders

as of Q2 2026

$22.88B total

Apollo Management Holdings, L.P.

$1.34B+34.7%

BlackRock, Inc.

$1.29B-32.5%

STATE STREET CORP

$1.15B+2.5%

VANGUARD CAPITAL MANAGEMENT LLC

$897.42M+1.7%

WELLINGTON MANAGEMENT GROUP LLP

$856.69M+25.8%

LMR Partners LLP

$624.19M+16.1%

VANGUARD PORTFOLIO MANAGEMENT LLC

$598.93M-7.9%

MILLENNIUM MANAGEMENT LLC

$569.19M-13.4%

Hudson Bay Capital Management LP

$557.62M+24.7%

CITADEL ADVISORS LLC

$533.04M+14.3%

Darsana Capital Partners LP

$507.50M-28.6%

UBS Group AG

$496.11M+42.6%

GEODE CAPITAL MANAGEMENT, LLC

$401.17M-15.1%

Pentwater Capital Management LP

$391.79M+63.6%

GOLDMAN SACHS GROUP INC

$374.74M+56.8%

Monarch Alternative Capital LP

$352.43M+1.3%

WHITEBOX ADVISORS LLC

$319.11M0.0%

TWO SIGMA INVESTMENTS, LP

$295.55M+12.5%

FMR LLC

$294.21M-92.5%

Invesco Ltd.

$283.10M+11.1%

Contrarius Group Holdings Ltd

$259.62M+35.9%

Neuberger Berman Group LLC

$253.69M+235.3%

Sculptor Capital LP

$251.40M+48.3%

SONA ASSET MANAGEMENT (US) LLC

$232.15M+22.6%

MORGAN STANLEY

$224.26M+5.1%

See all 723 institutional holders →

What's Driving ECHO's Business? Latest 10-Q Breakdown

30/30 datapoints verified

AI-extracted from the 10-Q filed 2026-08-03 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

EchoStar's Q2 revenue of $3.6B declined 4% YoY as deconsolidation of Pay-TV and Wireless subsidiaries on June 30 offset strong gains in remaining Broadband segment.

Biggest Revenue Drivers

Pay-TV$2.2B-10% YoY

Declined due to deconsolidation of substantially all Pay-TV segment as of June 30, 2026, reflecting reduced subscriber base and lower equipment sales.

Wireless$929M+0% YoY

Services revenue of $864M relatively flat YoY; transitioned to Hybrid MNO model under AT&T network services in November 2025.

Biggest Revenue Drivers

Total revenue: $3.6B-4% YoY

Pay-TV$2.2B-10% YoY

Declined due to deconsolidation of substantially all Pay-TV segment as of June 30, 2026, reflecting reduced subscriber base and lower equipment sales.

Wireless$929M+0% YoY

Services revenue of $864M relatively flat YoY; transitioned to Hybrid MNO model under AT&T network services in November 2025.

Broadband and Satellite Services$317M-7% YoY

Slight decline reflecting market conditions; 622,000 broadband subscribers as of June 30, 2026.

Other$92M

Primarily MNO and leased spectrum revenue; segment largely deconsolidated as of June 30, 2026.

Largest Expense Items

Cost of services$1.9B-22% YoY

Decreased primarily due to deconsolidation of Pay-TV and Wireless subsidiaries; programming costs declined as Pay-TV was deconsolidated.

Cost of sales—equipment and other$419M+18% YoY

Increased due to higher wireless equipment costs; equipment sales and related revenue grew to $275M.

Selling, general and administrative expenses$548M-13% YoY

Decreased due to deconsolidation of Pay-TV and Wireless subsidiaries, partially offset by RSA settlement costs of $125M.

Depreciation and amortization$171M-65% YoY

Declined significantly due to deconsolidation of Pay-TV and Wireless segments which carried substantial 5G Network and equipment depreciation.

Margins: Operating income of $513M vs. operating loss of $213M YoY, driven primarily by the $9.7B non-cash deconsolidation gain recorded in Q2 2026. Excluding deconsolidation, operating margins would reflect near break-even wireless performance and solid Pay-TV and Broadband profitability before deconsolidation.

Watch Items from the Filing

Deconsolidation of DISH DBS and DISH Wireless subsidiaries effective June 30, 2026 due to Chapter 11 proceedings removes ~65% of historical revenue from consolidated reporting; remaining leverage and going-concern status dependent on AT&T transaction close and SpaceX deal completion.
AT&T license sale closed July 28, 2026 (post-quarter) for $20.25B; proceeds funding debt redemptions and intercompany loan payoffs; restructuring creditor support agreement achieved with >88% creditor backing.
HSSC (Hughes Satellite) 5.25% Notes due August 1, 2026 ($627M) and 6.625% Notes due August 1, 2026 ($750M) mature imminently with no disclosed committed financing; parent may not provide additional liquidity.
SpaceX spectrum sale ($20B total consideration, ~$11B in equity) targeted for November 30, 2027; deed-in-lieu of default risk if Spectrum Acquisition Closing does not occur; Trust holds AWS-3 and AWS-4 licenses as collateral for $9.8B Seller Notes.
Multiple tower and infrastructure vendor litigations seeking declaratory relief over 5G Network abandonment force majeure claims; Crown Castle seeks damages for unpaid invoices ($9.5M disputed) and Comcast alleges $54M in damages; outcomes uncertain but immaterial individually.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →

Key Metrics

Revenue

Q2 2026

EDGAR

Net Income

Q2 2026

EDGAR

EPS (Diluted)

Q2 2026

EDGAR

Operating Margin

Q2 2026

EDGAR

ROIC

Q2 2026

EDGAR

Free Cash Flow

Q2 2026

EDGAR

Debt/Equity

Q2 2026

EDGAR

Financial Trends

Revenue & Net Income

13fpro.ai/company/ECHO

Earnings Per Share

13fpro.ai/company/ECHO

Loading ratio trend…

EchoStar CORP reported revenue, net income and margins by fiscal period, from SEC filings.
Period	Form	Revenue	Net income	Op. marginOperating margin
FY 2025	10-K	$15.0B	$-14.5B	-118.1%
FY 2024	10-K	$15.8B	$-119.5M	-1.9%
FY 2023	10-K	$17.0B	$-1.7B	-1.6%
FY 2022	10-K	$18.6B	$166.5M	12.0%
FY 2021	10-K	$19.8B	$62.7M	17.3%
FY 2020	10-K	$1.9B	$-51.9M	6.0%

About EchoStar CORP (ECHO): stock profile, AI score and financials

EchoStar CORP (ECHO) stock profile, AI quality score, and SEC EDGAR financial data, a Communication Services sector company. 13F Pro's AI-powered ranking engine scores ECHO at 33.0/100 on a composite quality score built from its SEC filings, placing it at rank #2,379 of 2,925 stocks — the bottom half of the AI-ranked universe. ECHO scores in the top quartile across revenue scale (89.7), institutional flow (78.9). Areas of concern include profitability (11.8) and revenue growth (13.6), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), EchoStar CORP reports quarterly revenue of $3.6B, net income of $8.5B, an operating margin of 14.3%. Top institutional holders of ECHO by reported 13-F value include Apollo Management , L.P., BlackRock, STATE STREET, based on the most recent SEC filings. ECHO trades on the Nasdaq exchange and files with the SEC under CIK 1415404. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ECHO daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for EchoStar CORP directly from SEC EDGAR.

Financials through the period ended Jun 30, 2026SEC EDGAR: CIK 1415404 →

EchoStar CORP ECHO

Top Institutional Holders

What's Driving ECHO's Business? Latest 10-Q Breakdown

Biggest Revenue Drivers

Biggest Revenue Drivers

Largest Expense Items

Watch Items from the Filing

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

ECHO key financials by period

ECHO insiders

About EchoStar CORP (ECHO): stock profile, AI score and financials

EchoStar CORP ECHO

Top Institutional Holders

What's Driving ECHO's Business? Latest 10-Q Breakdown

Biggest Revenue Drivers

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

ECHO key financials by period

Companies similar to ECHO

ECHO insiders

About EchoStar CORP (ECHO): stock profile, AI score and financials