Lumen Technologies, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:29:37Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 353.00M | 1.08B | -965.00M | 1.63B | 3.55B | 2.75B |
| EBITDA | 1.94B | 3.42B | -6.60B | 3.33B | 8.30B | 5.67B |
| Working Capital | 3.52B | 755.00M | 1.24B | 554.00M | 4.37B | -3.46B |
| Net Debt | 18.19B | 17.84B | 19.21B | 20.93B | 30.38B | 33.22B |
| Gross Margin | 41.42% | 44.74% | 47.16% | 51.15% | 52.30% | 52.47% |
| Operating Margin | -7.17% | 3.79% | -70.88% | 0.59% | 24.08% | 5.12% |
| Net Margin | -15.35% | -0.45% | -76.16% | -9.61% | 11.42% | -6.55% |
| Return on Equity (ROE) | 155.68% | -11.85% | -2469.54% | -14.92% | 17.26% | -11.04% |
| Return on Assets (ROA) | -5.06% | -0.16% | -30.27% | -3.39% | 3.51% | -2.07% |
| Current Ratio | 1.80× | 1.21× | 1.35× | 1.11× | 1.61× | 0.48× |
| Debt-to-Equity | -17.18× | 42.52× | 51.43× | 2.14× | 2.61× | 3.01× |
| Effective Tax Rate | 35.97% | 76.09% | -0.60% | -56.21% | 24.73% | -57.54% |
| Cash Conversion Ratio | -2.72× | -78.78× | -0.21× | -3.06× | 3.20× | -5.30× |
| Accruals Ratio | -0.19× | -0.13× | -0.37× | -0.14× | -0.08× | -0.13× |
| SBC % of Revenue | 0.42% | 0.24% | 0.38% | 0.61% | 0.67% | 0.93% |
| CapEx Coverage | 1.08× | 1.33× | 0.69× | 1.52× | 2.20× | 1.73× |
| Free Cash Flow Per Share | $0.35 | $1.10 | $-0.98 | $1.62 | $3.33 | $2.55 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | — | — | 6.57× | — |
| P/FCF | 21.89× | 4.83× | — | 3.23× | 3.77× | 3.82× |
| FCF Yield | 4.57% | 20.69% | — | 30.99% | 26.51% | 26.18% |
| EV / EBITDA | 13.50× | 6.80× | — | 7.85× | 5.21× | 7.74× |
| P/S | 0.70× | 0.44× | 0.14× | 0.32× | 0.72× | 0.57× |
| P/B | — | 11.61× | 4.43× | 0.50× | 1.09× | 0.96× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 11.33B | 12.13B | 13.52B | 16.11B | 17.80B | 18.80B |
| Revenues | 12.40B | 13.11B | 14.56B | 17.48B | 19.69B | 20.71B |
| Cost of Goods and Services Sold | 6.64B | 6.70B | 7.14B | 7.87B | 8.49B | 8.93B |
| Selling, General and Administrative Expense | 3.20B | 2.97B | 3.20B | 3.08B | 2.90B | 3.46B |
| Operating Income (Loss) | -812.00M | 460.00M | -9.58B | 95.00M | 4.29B | 962.00M |
| Income Tax Expense (Benefit) | -977.00M | -175.00M | 61.00M | 557.00M | 668.00M | 450.00M |
| Net Income (Loss) Attributable to Parent | -1.74B | -55.00M | -10.30B | -1.55B | 2.03B | -1.23B |
| Earnings Per Share, Basic | $-1.75 | $-0.06 | $-10.48 | $-1.54 | $1.92 | $-1.14 |
| Weighted Average Number of Shares Outstanding, Basic | 994.55M | 987.68M | 983.08M | 1.01B | 1.06B | 1.08B |
| Earnings Per Share, Diluted | $-1.75 | $-0.06 | $-10.48 | $-1.54 | $1.91 | $-1.14 |
| Weighted Average Number of Shares Outstanding, Diluted | 994.55M | 987.68M | 983.08M | 1.01B | 1.07B | 1.08B |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 1.00B | 1.89B | 2.23B | 1.25B | 354.00M | 406.00M |
| Assets, Current | 7.91B | 4.39B | 4.78B | 5.45B | 11.54B | 3.18B |
| Assets | 34.34B | 33.50B | 34.02B | 45.61B | 57.99B | 59.39B |
| Liabilities, Current | 4.39B | 3.64B | 3.53B | 4.90B | 7.17B | 6.63B |
| Stockholders' Equity Attributable to Parent | -1.12B | 464.00M | 417.00M | 10.37B | 11.78B | 11.16B |
| Common Stock, Shares, Outstanding | 1.03B | 1.01B | 1.01B | 1.00B | 1.02B | 1.10B |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 4.74B | 4.33B | 2.16B | 4.74B | 6.50B | 6.52B |
| Net Cash Provided by (Used in) Investing Activities | -4.30B | -2.83B | -1.20B | 5.48B | -2.71B | -3.56B |
| Payments for Repurchase of Common Stock | — | 0 | 0 | 200.00M | 1.00B | 0 |
| Payments of Dividends | 1.00M | 3.00M | 11.00M | 780.00M | 1.09B | 1.11B |
| Net Cash Provided by (Used in) Financing Activities | -1.32B | -1.85B | -18.00M | -9.31B | -3.81B | -4.25B |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 380.00M | -1.08B | 1.45B | -17.00M | 304.00M | -227.00M |
| EBITDA | 1.27B | 474.00M | — | — | 820.00M | 912.00M |
| Working Capital | -50.00M | 3.52B | 4.78B | 4.11B | 732.00M | 755.00M |
| Net Debt | 11.76B | 18.19B | 16.10B | 17.23B | 16.66B | 17.84B |
| Gross Margin | 44.77% | 40.73% | 39.42% | 43.39% | 42.05% | 44.66% |
| Operating Margin | 23.17% | -7.29% | -4.13% | -21.02% | 3.68% | 5.00% |
| Net Margin | -7.70% | -0.07% | -22.13% | -31.89% | -6.90% | 2.76% |
| Return on Equity (ROE) | 15.19% | 0.18% | 52.94% | 153.78% | -69.55% | 18.32% |
| Return on Assets (ROA) | -0.65% | -0.01% | -1.81% | -2.77% | -0.60% | 0.25% |
| Current Ratio | 0.99× | 1.80× | 2.21× | 2.13× | 1.21× | 1.21× |
| Debt-to-Equity | -10.16× | -17.18× | -15.77× | -31.59× | 64.24× | 42.52× |
| Effective Tax Rate | 212.99% | 99.61% | 23.62% | 20.37% | 17.96% | 171.43% |
| Cash Conversion Ratio | -6.62× | -281.00× | -6.72× | -1.82× | -5.45× | 8.09× |
| Accruals Ratio | -0.05× | -0.02× | -0.14× | -0.08× | -0.04× | -0.02× |
| SBC % of Revenue | 0.50% | 0.47% | 1.25% | 0.77% | 0.34% | 0.26% |
| CapEx Coverage | 1.40× | 0.34× | 1.53× | 0.99× | 1.38× | 0.75× |
| Free Cash Flow Per Share | $0.38 | $-1.09 | $1.46 | $-0.02 | $0.31 | $-0.23 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 2.60B | 2.75B | 2.81B | 2.87B | 2.91B | 3.08B |
| Revenues | 2.90B | 3.04B | 3.09B | 3.09B | 3.18B | 3.33B |
| Cost of Goods and Services Sold | 1.44B | 1.63B | 1.70B | 1.62B | 1.69B | 1.71B |
| Selling, General and Administrative Expense | 794.00M | 940.00M | 829.00M | 755.00M | 675.00M | 711.00M |
| Operating Income (Loss) | 602.00M | -200.00M | -116.00M | -603.00M | 107.00M | 154.00M |
| Income Tax Expense (Benefit) | 377.00M | -507.00M | -192.00M | -234.00M | -44.00M | -204.00M |
| Net Income (Loss) Attributable to Parent | -200.00M | -2.00M | -621.00M | -915.00M | -201.00M | 85.00M |
| Earnings Per Share, Basic | $-0.20 | $0.00 | $-0.62 | $-0.92 | $-0.20 | $0.08 |
| Weighted Average Number of Shares Outstanding, Basic | 998.89M | 994.55M | 996.00M | 994.54M | 991.27M | 987.68M |
| Earnings Per Share, Diluted | $-0.20 | $0.00 | $-0.62 | $-0.92 | $-0.20 | $0.08 |
| Weighted Average Number of Shares Outstanding, Diluted | 998.89M | 994.55M | 996.00M | 994.54M | 991.27M | 987.68M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 1.63B | 1.00B | 2.40B | 1.57B | 1.90B | 1.89B |
| Assets, Current | 4.12B | 7.91B | 8.71B | 7.74B | 4.28B | 4.39B |
| Assets | 30.62B | 34.34B | 34.29B | 32.98B | 33.54B | 33.50B |
| Liabilities, Current | 4.17B | 4.39B | 3.93B | 3.63B | 3.54B | 3.64B |
| Stockholders' Equity Attributable to Parent | -1.32B | -1.12B | -1.17B | -595.00M | 289.00M | 464.00M |
| Common Stock, Shares, Outstanding | 1.03B | 1.03B | 1.03B | 1.03B | 1.02B | 1.01B |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 1.32B | 562.00M | 4.18B | 1.67B | 1.09B | 688.00M |
| Net Cash Provided by (Used in) Investing Activities | 4.05B | -1.64B | -2.67B | -1.64B | -769.00M | -831.00M |
| Payments of Dividends | — | — | — | — | 1.00M | 0 |
| Net Cash Provided by (Used in) Financing Activities | -4.75B | -324.00M | -995.00M | -344.00M | -314.00M | -610.00M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (LUMN CIK 0000018926),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.