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flag EchoStar lost $1.21 billion in Q4 2025 due to massive write-downs, though its 5G network nears breakeven and a spectrum sale may bring major cash in 2026.

flag EchoStar reported a $1.21 billion net loss for Q4 2025, driven by $17.63 billion in non-cash impairments, though revenue of $3.8 billion beat estimates. flag Adjusted OIBDA improved to $583.68 million, and the company said its DISH Wireless 5G network is near breakeven. flag A pending spectrum sale could bring significant cash in early 2026, while $16 billion has been written off due to network decommissioning. flag Tower lease payments are under dispute following an FCC probe, and no Q1 earnings call is planned.

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