{
  "url": "https://struct.news/briefs/echostars-166-billion-swing-is-mostly-an-accounting-reset",
  "title": "EchoStar's $16.6 billion swing is mostly an accounting reset",
  "summary": "Revenue rose just 1.5% in the latest reported period, while cash fell 44.7% to $1.3 billion.",
  "published_at": "2026-08-03T17:27:27.290032+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "EchoStar Corporation",
    "ticker": "SATS",
    "cik": "1104659",
    "sector": "Communication Services",
    "industry": "Telecom Services"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-05-11",
    "accession": "0001104659-26-058150",
    "url": "https://www.sec.gov/Archives/edgar/data/1415404/000110465926058150/sats-20260331x10q.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-11-06",
    "url": "https://www.sec.gov/Archives/edgar/data/1415404/000110465925107277/tmb-20250930x10q.htm"
  },
  "reported_figures": [
    {
      "group": "EchoStar's annual margin reset",
      "label": "Operating margin",
      "value": -118.11502161047902,
      "display": "-118.1%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001104659-26-058150",
        "filing_date": "2026-05-11"
      }
    },
    {
      "group": "EchoStar's annual margin reset",
      "label": "Net margin",
      "value": -96.6157322741123,
      "display": "-96.6%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001104659-26-058150",
        "filing_date": "2026-05-11"
      }
    },
    {
      "group": "EchoStar's annual margin reset",
      "label": "Revenue YoY",
      "value": -5.1848356792915995,
      "display": "-5.2%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001104659-26-058150",
        "filing_date": "2026-05-11"
      }
    }
  ],
  "watch_next": [
    {
      "type": "capital_investment",
      "statement": "EchoStar says 2026 capital expenditures include costs for its Hybrid MNO network and subscriber premises equipment.",
      "importance": "medium",
      "evidence": "Certain of our capital expenditures for 2026 are expected to be driven by costs associated with our Hybrid MNO network and subscriber premises equipment.",
      "source_date": "2026-05-11"
    }
  ],
  "related_tickers": [
    "SATS"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}