Hughesnet has lost 57% of its broadband subscribers (880,000 subs) since @Starlink went live in December 2020. Hughesnet says that “we currently do not have the necessary cash on hand” to pay off debts, leading the company to warn that “substantial doubt exists about our ability to continue as a going concern.” In Q1, Hughes reported a net loss of $7.6 million. Hughesnet reported that its subscribers were at 681,000, down from 1.56 million in Dec 2020, of which about 1.19 million were US customers, including retail and enterprise users. Hughesnet has lost about 100,000 subscribers each year since late 2020. The trend continued in Q1 2026, with the subscriber count decreasing by about 20% year over year from 853,000.