Filing Flows › EchoStar (ECHO) › Q2 2025
EchoStar (ECHO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
EchoStar (ECHO) reported revenue of $3.7B for the second quarter 2025 (Q2 2025), -6% from a year earlier and -4% from the quarter before. Operating margin was -5.7%, net loss $307M (8.2% of revenue).
EchoStar, Q2 2025: revenue $3.7B (-6% year over year), operating margin -5.7%, net loss $307M, operating cash flow $7.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7B | -4% | -6% |
| Operating profit | −$213M | — | — |
| Net earnings | −$307M | — | — |
| Operating cash flow | $7.5M | -96% | -98% |
What changed
Revenue was $3.7B in Q2 2025, down 6% year over year and down 4% from the previous quarter. Service and other revenue was the largest line at 95% of revenue. Service and other revenue lost $0.20B year over year (down 5%), 89% of the total change.
Operating costs exceeded revenue by $0.21B, an operating margin of -5.7%. Total costs fell 2% while revenue fell 6%. The quarter ended with a net loss of $0.31B, wider than the previous quarter's $0.20B loss. Net interest and other expense of $0.18B was the main reason.
Operating cash flow was $0.01B (down 98% 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 $0.19B. Capital expenditures of $0.29B exceeded it, leaving free cash flow of −$0.29B.
Questions
What was EchoStar's revenue in the second quarter 2025?
EchoStar (ECHO) reported revenue of $3.7B for the second quarter 2025 (Q2 2025), -6% from a year earlier and -4% from the quarter before.
Was EchoStar profitable in the second quarter 2025?
Operating loss was $213M (-5.7% of revenue) and net loss $307M.
Source: EchoStar 10-Q on SEC EDGAR.