Filing Flows › EchoStar (ECHO) › Q1 2025
EchoStar (ECHO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
EchoStar (ECHO) reported revenue of $3.9B for the first quarter 2025 (Q1 2025), -4% from a year earlier and -2% from the quarter before. Operating margin was -2.3%, net loss $203M (5.3% of revenue).
EchoStar, Q1 2025: revenue $3.9B (-4% year over year), operating margin -2.3%, net loss $203M, operating cash flow $207M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.9B | -2% | -4% |
| Operating profit | −$88.1M | — | — |
| Net earnings | −$203M | — | — |
| Operating cash flow | $207M | +354% | -54% |
What changed
Revenue was $3.9B in Q1 2025, down 4% year over year and down 2% from the previous quarter. Service and other revenue was the largest line at 93% of revenue. Service and other revenue lost $0.21B year over year (down 6%), 147% of the total change.
Operating costs exceeded revenue by $0.09B, an operating margin of -2.3%. Total costs fell 2% while revenue fell 4%. The fastest-growing cost line was Other operating costs (+10%). The quarter ended with a net loss of $0.20B, after a profit of $0.34B the previous quarter. Net interest and other expense of $0.18B was the main reason.
Operating cash flow was $0.21B (down 54% year over year). Non-cash charges added back $0.49B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.26B exceeded it, leaving free cash flow of −$0.05B.
Questions
What was EchoStar's revenue in the first quarter 2025?
EchoStar (ECHO) reported revenue of $3.9B for the first quarter 2025 (Q1 2025), -4% from a year earlier and -2% from the quarter before.
Was EchoStar profitable in the first quarter 2025?
Operating loss was $88.1M (-2.3% of revenue) and net loss $203M.
Source: EchoStar 10-Q on SEC EDGAR.