EchoStar CORP

Company facts

Industry

Communications Services, NEC

Headquarters

Englewood, Colorado

Most recent report

8-K, filed Nov 3, 2026

Incorporated

Nevada

Filings on record

1,003+ filings

On EDGAR

CIK 1415404

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 6 of 11 sections worth reading, with 0 positive, 11 notable, and 13 negative flags.

• Part I

  Subsidiaries in Chapter 11; going-concern doubt; SpaceX deal risk; controlled by CEO.
  Notable

  • SpaceX transactions may not close, impacting leverage, cash, costs, and revenues.
  • Company is controlled by one principal stockholder who is Chairman, President and CEO.
  Negative

  • DISH and Hughes subsidiaries are in Chapter 11 bankruptcy, deconsolidated from financials.
  • Certain subsidiaries lack cash or committed financing to fund obligations over 12 months.

• Financial Statements (Item 1)

  Massive structural change: deconsolidation, AT&T/SpaceX deals, Chapter 11, and a $20B cash inflow.
  Notable

  • SpaceX deal pending: $20B total consideration, up to $11B in SpaceX stock; closing targeted Nov 30, 2027.
  • DISH DBS emerged from Chapter 11 on Oct 1, 2026; reconsolidation accounting is incomplete.
  • Related-party receivables from deconsolidated subs: $320M trade receivables, $196M advances.
  Negative

  • DISH Wireless Chapter 11 plan still pending; $75M prepetition secured loan outstanding.
  • Multiple tower/infrastructure vendors (ATC, Comcast, Crown Castle) suing over 5G network abandonment.
  • ClearPlay patent case: $469M jury award vacated, but appeal pending; risk of substantial damages.
  • Entropic patent case: expert claims $212M in damages; trial pending.
  • NewSpace India dispute: $117M claim; court ordered asset freeze.
  • TQ Delta patent case: expert claims $251M in damages; trial set for Nov 8, 2027.
  • AWS-3 auction litigation: relator seeks ~$10B trebled; FCC settlement satisfied payment obligations but case continues.

• Management's Discussion (Item 2)

  Debt maturities and redemptions totaling ~$8B, including a $1.6B prepayment and $3.5B note redemption.
  Notable

  • Redeemed remaining $45M of 3 3/8% Convertible Notes due 2026 in cash at maturity on August 15, 2026.
  • Prepaid $1.6B of Term Loan and Preferred Shares due 2029 on March 16, 2026, without penalty.
  • Satisfied $2.844B of DISH 2021 Intercompany Loan due to DISH DBS at the AT&T Closing on July 28, 2026.
  • Redeemed $3.5B of 11 3/4% Senior Secured Notes due 2027 in full at the AT&T Closing on July 28, 2026.

• Controls and Procedures (Item 4)

  Two subsidiaries filed for Chapter 11 in Q2 2026, triggering deconsolidation and control changes.
  Notable

  • Management designed new controls for deconsolidation, including hard close procedures and gain/loss verification.
  Negative

  • DISH DBS and Hughes filed Chapter 11 in June and July 2026, forcing deconsolidation and control changes.
  • Hughes filed Chapter 11 on July 31, 2026, also triggering deconsolidation and control modifications.

• Risk Factors (Item 1A)

  Subsidiaries in Chapter 11; parent faces claims, deconsolidation, and operational risks.
  Negative

  • Creditors may file claims against EchoStar or its non-debtor subsidiaries, potentially materially impacting financial condition.
  • Deconsolidation of substantial businesses began June 30, 2026; reported results will be materially different from prior periods.

• Unregistered Sales and Repurchases (Item 2)

  Board raised buyback cap from $2B to $5B and extended to 2027.
  Notable

  • Board raised buyback cap from $2B to $5B on July 30, 2026, and extended to Dec 31, 2027.

What changed: Sep 2026 vs. Jun 2026

About 12% of ECHO's Sep 2026 10-Q is new information. 121 paragraphs were added, 282 changed, and 125 removed. Below are the most important lines SECSift identified.

• Item 1 318
• Item 1A 10
• Part I 5
• Item 2 4
• Item 6 4
• Item 4 3
• Item 3 1
• Item 5 1