Lumen Technologies, Inc. (LUMN) Financial Statements
Industry: Telephone Communications (No Radiotelephone)
In fiscal 2025, Lumen Technologies reported revenue of $12.40B, down 5.4% from $13.11B the year before. Net income was -$1.74B (a -14.0% net margin), or -$1.75 per diluted share. Gross margin was 46.5% and operating margin was -6.5%. Operating activities generated $4.74B of cash, leaving $371.0M of free cash flow. At fiscal year end, Lumen Technologies held $34.34B in total assets against $35.46B in total liabilities, including $1.00B of cash and equivalents.
Open the full interactive Lumen Technologies financials → Quarterly statements, key ratios, valuation history and price charts.
Lumen Technologies Key Stats
| Share Price | $4.99 |
|---|---|
| Market Cap | $5.01B |
| Dividend Yield | 0.02% |
| Revenue YoY Growth | -5.4% |
| 52-Week Range | $4.99 – $11.83 |
| Shares Outstanding | 1.00 billion (basic, 2026 Q2) |
Lumen Technologies Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $20.71B | $19.69B | $17.48B | $14.56B | $13.11B | $12.40B |
| Cost of Goods Sold | $8.93B | $8.49B | $7.87B | $7.14B | $6.70B | $6.64B |
| Gross Profit | $11.78B | $11.20B | $9.61B | $7.41B | $6.41B | $5.76B |
| Operating Income | $962.0M | $4.29B | $95.0M | -$9.58B | $460.0M | -$812.0M |
| Pre-Tax Income | -$782.0M | $2.70B | -$991.0M | -$10.24B | -$230.0M | -$2.72B |
| Income Tax | $450.0M | $668.0M | $557.0M | $61.0M | -$175.0M | -$977.0M |
| Net Income | -$1.23B | $2.03B | -$1.55B | -$10.30B | -$55.0M | -$1.74B |
| Diluted EPS | -$1.14 | $1.91 | -$1.54 | -$10.48 | -$0.06 | -$1.75 |
Lumen Technologies Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $3.09B | $3.04B | $2.90B | $2.81B |
| Net Income | -$621.0M | -$2.0M | -$200.0M | -$201.0M |
| Diluted EPS | -$0.62 | -$0.00 | -$0.20 | -$0.20 |
Lumen Technologies Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $406.0M | $354.0M | $1.25B | $2.23B | $1.89B | $1.00B |
| Current Assets | $3.18B | $11.54B | $5.42B | $4.78B | $4.39B | $7.91B |
| Total Assets | $59.39B | $57.99B | $45.58B | $34.02B | $33.50B | $34.34B |
| Current Liabilities | $6.63B | $7.17B | $4.80B | $3.53B | $3.64B | $4.39B |
| Total Long-Term Debt | $31.84B | $28.98B | $20.57B | $19.99B | $17.91B | $17.44B |
| Total Liabilities | $48.23B | $46.15B | $35.14B | $33.60B | $33.03B | $35.46B |
| Shareholders' Equity | $11.16B | $11.84B | $10.44B | $417.0M | $464.0M | -$1.12B |
Lumen Technologies Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $6.52B | $6.50B | $4.74B | $2.16B | $4.33B | $4.74B |
| Cash From Investing | -$3.56B | -$2.71B | $5.48B | -$1.20B | -$2.83B | -$4.30B |
| Cash From Financing | -$4.25B | -$3.81B | -$9.31B | -$18.0M | -$1.85B | -$1.32B |
| Free Cash Flow | $2.79B | $3.60B | $1.72B | -$940.0M | $1.10B | $371.0M |
| Dividends Paid | $1.11B | $1.09B | $780.0M | $11.0M | $3.0M | $1.0M |
Figures from Lumen Technologies' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Lumen Technologies financials page for every line item.
Lumen Technologies Company Profile
| Ticker | LUMN |
|---|---|
| Exchange | NYSE |
| Industry | Telephone Communications (No Radiotelephone) |
| Headquarters | Monroe, Louisiana |
| Incorporated in | Louisiana |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000018926 |
Frequently Asked Questions
What was Lumen Technologies' revenue in fiscal 2025?
Lumen Technologies (LUMN) reported revenue of $12.40B for fiscal 2025.
What is Lumen Technologies' annual revenue history?
Lumen Technologies' annual revenue by fiscal year: 2020: $20.71B; 2021: $19.69B; 2022: $17.48B; 2023: $14.56B; 2024: $13.11B; 2025: $12.40B.
What was Lumen Technologies' net income in fiscal 2025?
Lumen Technologies reported net income of -$1.74B for fiscal 2025.
What was Lumen Technologies' earnings per share (EPS) in fiscal 2025?
Lumen Technologies' diluted EPS was -$1.75 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Lumen Technologies generate in fiscal 2025?
Lumen Technologies generated $371.0M of free cash flow in fiscal 2025.
What was Lumen Technologies' revenue last quarter?
In its most recent reported quarter (2026 Q2), Lumen Technologies reported revenue of $2.81B.
How much debt does Lumen Technologies have?
Lumen Technologies reported $17.44B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Lumen Technologies are outstanding?
Lumen Technologies reported a weighted average of 1.00 billion basic shares outstanding in 2026 Q2.
What is Lumen Technologies' market cap?
Based on its latest closing price, Lumen Technologies (LUMN) has a market capitalization of about $5.01B.
When does Lumen Technologies' fiscal year end?
Lumen Technologies' fiscal year end, as registered with the SEC, is December 31.
Where is Lumen Technologies headquartered?
Lumen Technologies lists its business address in Monroe, Louisiana in its SEC filings.