EchoStar Q3 FY2024: revenue down 5.3%, net loss $143.8 million
EchoStar's September 2024 quarter got smaller and more expensive at the same time: revenue fell 5.3% to $3.89 billion, the operating line swung to a $160.8 million loss, and interest expense rose to $81.5 million. With $674.4 million of cash and investments against $21.56 billion of long-term debt, the direction of travel matters more than any single line. Start with revenue, then follow the cash.
1 · Expected vs. Actual
Free preview belowGAAP loss per share was $0.52, and the net loss widened to $143.8 million from $118.7 million a year earlier. The operating loss was $160.8 million versus $31.3 million, as interest expense climbed to $81.5 million from $21.8 million. A $35.2 million income tax benefit and $52.1 million of other income softened the blow but did not change the sign.
Total revenue was $3.89 billion, down 5.3% from $4.11 billion a year earlier. Service revenue of $3.67 billion carried almost the whole business, while equipment sales and other revenue added just $219.3 million. Gross margin came in at 24.7%, so cost of revenue of $2.93 billion swallowed roughly three-quarters of every dollar of sales.
Log in to read 35 analyses a week for free
Create a free account to read 35 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-18
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.