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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 | Q2 FY242024-06-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.67B | $3.80B | $3.61B | $3.72B | $3.87B | $3.97B | $3.89B | $3.95B |
| Cost of revenue | $2.54B | $2.68B | $2.76B | $2.82B | $2.87B | $3.01B | $2.93B | $2.92B |
| Gross profit | $1.13B | $1.12B | $852.37M | $909.14M | $998.05M | $961.37M | $959.81M | $1.04B |
| Gross margin | 30.9% | 29.4% | 23.6% | 24.4% | 25.8% | 24.2% | 24.7% | 26.2% |
| Selling, general and administrative | $639.03M | $531.42M | $621.49M | $629.49M | $597.85M | $564.23M | $643.14M | $595.02M |
| Operating expenses | $739.47M | $1.89B | $17.49B | $1.12B | $1.09B | $1.02B | $1.12B | $1.10B |
| Operating income | $392.85M | −$779.73M | −$16.64B | −$213.41M | −$88.13M | −$62.69M | −$160.77M | −$65.37M |
| Operating margin | 10.7% | -20.5% | -460.5% | -5.7% | -2.3% | -1.6% | -4.1% | -1.7% |
| EBITDA | $493.29M | $583.68M | $230.88M | $279.65M | $400.20M | $397.14M | $316.67M | $442.16M |
| Interest income | $29.41M | $44.65M | $53.19M | $65.37M | $65.53M | $61.03M | $11.20M | $13.93M |
| Interest expense | −$592.66M | −$579.35M | −$377.07M | −$279.23M | −$286.06M | −$219.55M | −$81.50M | −$81.17M |
| Income before taxes | −$168.22M | −$1.30B | −$16.94B | −$392.13M | −$267.27M | $437.80M | −$178.96M | −$224.10M |
| Income taxes | −$20.92M | −$81.64M | −$4.16B | −$85.29M | −$63.99M | $102.68M | −$35.16M | −$16.65M |
| Net income | −$147.30M | −$1.22B | −$12.78B | −$306.84M | −$203.28M | $335.12M | −$143.80M | −$207.46M |
| Net margin | -4.0% | -32.0% | -353.6% | -8.2% | -5.3% | 8.4% | -3.7% | -5.2% |
| EPS, basic | −$0.51 | −$4.19 | −$44.37 | −$1.06 | −$0.71 | $1.19 | −$0.52 | −$0.76 |
| EPS, diluted | −$0.51 | −$4.19 | −$44.37 | −$1.06 | −$0.71 | $1.19 | −$0.52 | −$0.76 |
| Diluted shares | 289.01M | 288.29M | 288.05M | 287.51M | 286.51M | 281.47M | 271.74M | 271.59M |
Figures describe EchoStar shares, not any token. As of Aug 3, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.