Just saw EchoStar's earnings drop and wow, things are rough. The stock slips around 2.2% in pre-market, sitting at $113. They posted a massive $1.21 billion loss in Q4 versus a $335 million profit last year - that's a huge swing. Revenue also slips down to $3.796 billion from $3.967 billion year-over-year, which is definitely not what you want to see.

But here's the kicker - the full year performance is even worse. They're down $14.50 billion for 2025 compared to a $119 million loss in 2024. Most of that comes from about $17.63 billion in non-cash asset impairments, so it's not all operational issues, but still brutal. Their adjusted numbers slips too - adjusted net loss hit $1.05 billion versus $664 million previously.

Full year revenues came in at $15 billion, down from $15.83 billion. The company's OIBDA went negative at -$566.86 million in Q4 (was positive $397 million last year), though adjusted OIBDA actually improved slightly to $583.68 million. Earnings per share slips to a loss of $50.41 for the year versus $0.44 loss in 2024. Satellite communications sector clearly having a tough time right now.