v3.25.3
Basic and Diluted Net Income (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2025
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 

For the Nine Months Ended 

September 30,

September 30,

    

2025

    

2024

    

2025

    

2024

(In thousands, except per share amounts)

Net income (loss)

 

$

(12,781,348)

 

$

(143,801)

 

$

(13,291,473)

 

$

(459,634)

Less: Net income (loss) attributable to noncontrolling interests, net of tax

 

(152)

 

(1,989)

 

(1,476)

 

(4,855)

Net income (loss) attributable to EchoStar - Basic

 

(12,781,196)

 

(141,812)

 

(13,289,997)

 

(454,779)

Interest on dilutive Convertible Notes, net of tax (1)

Net income (loss) attributable to EchoStar - Diluted

$

(12,781,196)

$

(141,812)

$

(13,289,997)

$

(454,779)

Weighted-average common shares outstanding - Class A and B common stock:

Basic (2)

 

288,051

 

271,736

 

287,362

 

271,616

Dilutive impact of Convertible Notes (1)

-

Dilutive impact of stock awards outstanding (1)

 

 

 

 

Diluted

 

288,051

 

271,736

 

287,362

 

271,616

Earnings per share - Class A and B common stock:

Basic net income (loss) per share attributable to EchoStar

 

$

(44.37)

 

$

(0.52)

 

$

(46.25)

 

$

(1.67)

Diluted net income (loss) per share attributable to EchoStar

 

$

(44.37)

 

$

(0.52)

 

$

(46.25)

 

$

(1.67)

(1)For the three and nine months ended September 30, 2025 and 2024, 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 September 30, 2025 and 2024, our Convertible Notes may be converted into 59 million shares and 33 million shares, respectively.
(2)On November 12, 2024, we issued and sold 14.265 million shares of our Class A Common Stock to certain PIPE investors.

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

As of September 30,

    

2025

    

2024

 

(In thousands)

Anti-dilutive stock awards

1,911

7,195

Performance/market based options

    

4,225

4,418

Common stock warrants

16,151

16,151

Total

22,287

27,764