Basic and Diluted Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2026

Basic and Diluted Net Income (Loss) Per Share

Schedule of EPS amounts for all periods and the basic and diluted weighted-average shares outstanding used in the calculation


		For the Three Months Ended
		March 31,
		2026			2025

		(In thousands, except per share amounts)
Net income (loss)		$	(147,300)		$	(203,281)
Less: Net income (loss) attributable to noncontrolling interests, net of tax			(415)			(612)
Net income (loss) attributable to EchoStar - Basic			(146,885)			(202,669)
Interest on dilutive Convertible Notes, net of tax (1)			—			—
Net income (loss) attributable to EchoStar - Diluted		$	(146,885)		$	(202,669)

Weighted-average common shares outstanding - Class A and B common stock:
Basic			289,014			286,513
Dilutive impact of Convertible Notes (1)			—			—
Dilutive impact of stock awards outstanding (1)			—			—
Diluted			289,014			286,513

Earnings per share - Class A and B common stock:
Basic net income (loss) per share attributable to EchoStar		$	(0.51)		$	(0.71)
Diluted net income (loss) per share attributable to EchoStar		$	(0.51)		$	(0.71)

(1)

For the three months ended March 31, 2026 and 2025, the interest on dilutive Convertible Notes and the dilutive impact of weighted-average shares of Class A common stock were excluded from the computation of “Diluted net income (loss) per share attributable to EchoStar” because the effect would have been anti-dilutive as a result of the net loss attributable to EchoStar in the period. As of March 31, 2026 and 2025, our Convertible Notes may be converted into 58 million shares.

Schedule of anti-dilutive securities not included in the diluted EPS calculation


		As of March 31,
		2026		2025

		(In thousands)
Anti-dilutive stock awards		512		3,256
Performance/market based options		4,153		4,271
Common stock warrants		16,151		16,151
Total		20,816		23,678