ECHO
Evidence as of 2026-09-25The desk's Snapshot
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No company profile on file for ECHO yet.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.8 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The evidence balance is cautious (‑0.8 of a possible +2; was ‑0.8 before the debate) with high confidence. Revenue shows a modest downward drift from $ 3,869,758,000 in Q1 2025 to $ 3,576,164,000 in Q2 2026, while operating results swung from operating losses of $ 88,132,000 and $ 213,408,000 in Q1 2025 and Q2 2025 to a very large operating loss of $ 16,641,875,000 in Q3 2025 before improving to operating income of $ 392,847,000 in Q1 2026 and $ 512,938,000 in Q2 2026.
Net income follows a similar jagged path: negative in multiple 2025 quarters (for example, $( 202,669,000 ) in Q1 2025, $( 306,132,000 ) in Q2 2025, and $( 12,781,196,000 ) in Q3 2025), then a loss of $( 146,885,000 ) in Q1 2026 and a profit of $ 8,462,372,000 in Q2 2026. Cash and cash equivalents materially declined from $ 2,529,878,000 as of Q1 2025 to $ 439,988,000 as of Q2 2026, and stockholders’ equity fell sharply in late 2025 (from $ 20,007,647,000 as of Q1 2025 to $ 6,951,424,000 as of Q3 2025) with partial recovery to $ 14,155,098,000 as of Q2 2026.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenue from contracts for the fiscal quarter 2025-01-01 to 2025-03-31 (3mo) was $3,869,758,000 and declined to $3,724,959,000 for 2025-04-01 to 2025-06-30 (3mo), $3,614,258,000 for 2025-07-01 to 2025-09-30 (3mo), $3,667,489,000 for 2026-01-01 to 2026-03-31 (3mo), and $3,576,164,000 for 2026-04-01 to 2026-06-30 (3mo), showing a modest downward drift across these quarters.
XBRL companyfacts · 0001558370-25-007050Operating income (loss) moved from an operating loss of $88,132,000 for 2025-01-01 to 2025-03-31 (3mo) and $213,408,000 loss for 2025-04-01 to 2025-06-30 (3mo) to a loss of $16,641,875,000 for 2025-07-01 to 2025-09-30 (3mo), then improved to operating income of $392,847,000 for 2026-01-01 to 2026-03-31 (3mo) and $512,938,000 for 2026-04-01 to 2026-06-30 (3mo).
XBRL companyfacts · 0001104659-25-107277Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
The Annual Report on Form 10-K filed 2 March 2026 includes a disclosure that, as of the report date, the company and certain subsidiaries do not have the necessary cash on hand, projected future cash flows or committed financing to fund anticipated obligations over the next twelve months, and that these conditions raise substantial doubt about the company’s ability to continue as a going concern.
10-K filed 2026-03-02The 10‑K filed 2 March 2026 reports total debt, finance lease and other obligations outstanding of $25.980 billion as of December 31, 2025.
10-K filed 2026-03-02Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
ECHO's six-month price momentum is -24.1% with a cross-sectional rank at the 6th percentile of 563 (as of 2026-09-24), which is a notably weak recent momentum reading versus the research universe.
Moneyta signal set · 2026-09-24ECHO's 12_1 momentum measure is +192.1% and ranks at the 97th percentile of 563 (as of 2026-09-24), indicating a very strong long-short momentum signal by that metric relative to the universe.
Moneyta signal set · 2026-09-24weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional holders reported aggregate holdings valued at $21.93B as of 2026-06-30.
13F holdings · 724 filers · as of 2026-06-30The five largest reported institutional holders and their reported values are: BlackRock, Inc. $1.30B; SUSQUEHANNA INTERNATIONAL GROUP, LLP $1.15B; CITADEL ADVISORS LLC $1.10B; STATE STREET CORP $1.08B; VANGUARD CAPITAL MANAGEMENT LLC $897.4M (as of 2026-06-30).
13F holdings · 724 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
A simplywall.st headline on 23 September 2026 frames coverage around EchoStar's valuation versus expected future cash flow, asking whether the current share price aligns with the cash the business is expected to generate.
News · simplywall.st · 2026-09-23A simplywall.st headline on 17 September 2026 highlights satellite contract activity, noting that Nigerian Communications Satellite Limited selected EchoStar’s Hughes JUPITER gateway system and linking that to broader satellite-deals coverage.
News · simplywall.st · 2026-09-17Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
Free cash flow for the trailing twelve months was $8.49 million, while free cash flow per share was $0.0241.
Valuation inputs · SEC XBRL + stored EOD closeThe market-price-to-free-cash-flow metric in the evidence is 3,743.18 (price_to_fcf = 3743.18), reflecting a very high price relative to reported trailing free cash flow.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
Several items in the evidence collectively support a favorable read: operating results show a clear swing from large operating losses in mid‑2025 to positive operating income in both 2026 quarters, and reported net income includes a large positive $8.46B in 2026 Q2. Institutional ownership is substantial (724 holders, $21.93B aggregate) with top-tier asset managers among the largest holders, and the 12_1 momentum metric ranks very highly versus the research universe. These points, together with a recent contract win noted in coverage, indicate improving operational performance and meaningful market/institutional interest despite earlier stress. The bear case leans heavily on cash, leverage and going‑concern language; those items are material but have counter‑evidence in the operational recovery and high institutional positioning, and some flagged claims show potential inconsistencies in scale or timing that weaken their standalone force.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.36
33 surviving claims rest on 13 distinct sources; the heaviest analyst carries 18% of them, and 98% of what the desk raised survived the debate.
The surviving read relies on a moderate number of sources but a concentrated share of claims tied to a small set of inputs and analysts; that reduces independent corroboration and means individual source errors would have outsized impact. The very high debate survival rate indicates the desk largely retained its initial reads, which can mean consistency but also raises the possibility that dissenting signals were underweighted.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
13 filings· 3 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer−0.3 to the score
6 documents· 3 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−1.8 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−0.6 to the score
2 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.8 to the score
5 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on ECHO Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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Educational analysis of published data. Moneyta does not give investment advice or make recommendations.