EchoStar Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.00B | $15.83B | $17.02B | $18.63B | $19.82B | $1.89B | $1.89B | $1.76B |
| Transactional | — | — | — | — | — | — | — | — |
| Managed Transportation | — | — | — | — | — | — | — | — |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $68.0M | $91.0M | $110.0M | $110.0M | $91.0M | $29.4M | $25.7M | $27.6M |
| SG&A Expense | $2.38B | $2.43B | $2.99B | $3.02B | $2.69B | $474.9M | $509.1M | $436.1M |
| Operating Income | $-17.72B | $-304.1M | $-277.9M | $2.23B | $3.42B | $112.5M | $73.1M | $36.1M |
| Operating Margin | -118.1% | -1.9% | -1.6% | 12.0% | 17.3% | 6.0% | 3.9% | 2.1% |
| Interest Expense | — | — | $90.4M | $57.2M | $95.5M | $147.9M | $251.0M | $219.3M |
| Pretax Income | $-18.89B | $-75.6M | $-1.93B | $3.34B | $3.35B | $-27.8M | $-93.2M | $-125.8M |
| Income Tax Expense | $-4.39B | $48.9M | $-296.9M | $798.4M | $828.4M | $24.1M | $20.5M | $6.6M |
| Net Income | $-14.50B | $-119.5M | $-1.70B | $2.54B | $2.52B | $-51.9M | $-62.9M | $-40.5M |
| Net Margin | -96.6% | -0.8% | -10.0% | 13.6% | 12.7% | -2.7% | -3.3% | -2.3% |
| EPS (Basic) | $-50.41 | $-0.44 | $-6.28 | $9.17 | $9.04 | $-0.14 | $-0.22 | $-0.14 |
| EPS (Diluted) | $-50.41 | $-0.44 | $-6.28 | $8.05 | $7.94 | $-0.14 | $-0.22 | $-0.14 |
| Shares Outstanding (Basic) | 287.6M | 274.1M | 270.8M | 270.1M | 275.1M | 293.8M | 290.2M | 288.8M |
| Shares Outstanding (Diluted) | 287.6M | 274.1M | 270.8M | 307.7M | 313.1M | 293.8M | 290.2M | 288.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |
Remember, things are never clear until it’s too late.