LUMN

Lumen Technologies, Inc.

Ticker: LUMNCommunication ServicesTelecommunications
HQ MONROE, LACIK 18926FY end 12-31Book / share $-1.49Shares 1001M
Revenue (FY)
$12.40B-5.39%
TTM $11.83B
Op. margin
-6.55%-10.06%
TTM 1.67%
Net income
$-1.74B-3061.82%
TTM $-1.02B
Operating cash
$4.74B+9.35%
TTM $5.37B
Free cash flow
$371.00M-66.33%
TTM $837.00M
Return on equity
79.24%+91.09%
TTM 68.82%
Debt / equity
-15.61-54.20%
TTM -8.88
Shares outstanding
994.5M+0.70%
TTM 1.0B

The business

Lumen Technologies, Inc. (NYSE: LUMEN) operates as a leading digital networking services company that empowers enterprise businesses to fuel growth in a multi-cloud, artificial intelligence-first marketplace by connecting people, data, and applications quickly, securely, and effortlessly. The company maintains its corporate presence at www.lumen.com and serves customers across North America and Asia Pacific regions.

The company operates through two primary segments: Business and Mass Markets. The Business segment provides integrated products and services to enterprise and commercial customers through five specialized sales channels including Large Enterprise, Mid-Market Enterprise, Public Sector, Wholesale, and International and Other. The Mass Markets segment historically served domestic residential and small business customers, though the company completed the sale of its Mass Markets Fiber-to-the-Home business in eleven states to AT&T in February 2026 for $5.75 billion in gross cash proceeds. Following this divestiture, the company anticipates operating as a single reporting segment focused on enterprise services.

Lumen operates one of the world's most interconnected communications networks, featuring approximately 163,000 fiber on-net buildings and over 340,000 route miles of fiber optic cable globally as of December 31, 2025. The company employs approximately 24,000 employees worldwide, including roughly 3,400 outside the United States. The company conducts operations under three primary brands: Lumen for enterprise and wholesale markets, CenturyLink for legacy mass-market copper-based services, and Black Lotus Labs for cyberthreat research and intelligence.

The company's Business segment offerings span four product categories: Grow services including dark fiber, edge cloud, IP, VoIP, managed security, SD-WAN, unified communications, and optical services; Nurture services including ethernet and VPN data networks; Harvest legacy services including voice and private line; and Other services including equipment and managed solutions. The company traces its origins to 1968 and has grown substantially through acquisitions including Embarq Corporation, Qwest Communications International Inc., and Level 3 Communications, Inc., while strategically divesting non-core assets to focus on enterprise digital networking services.

Sector
Communication Services
Industry
Telecommunications
HQ
MONROE, LA
FY end
12-31
CIK
18926
SIC
4813
Financial performance · annual
20132025
$-13.67B$-3.55B$6.57B$16.69B$26.82B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds Lumen Technologies, Inc. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

356
funds hold it
0 of 35
superinvestors hold it
$3.09B
fund-held value
35.4%
of shares held by funds
9
bond issues held by funds

Top fund holders

Fund% of fundValue
iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.32%$361.43M
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%$225.97M
iShares Russell 2000 ETF
IWM · iShares Trust
0.23%$191.80M
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.09%$163.38M
Fidelity Growth Company Fund
FDGRX · Fidelity Mt. Vernon Street Trust
0.13%$126.61M

Bonds held by funds

Funds report holding 9 issues of Lumen Technologies, Inc.'s debt, $308.25M at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 6.15%, maturing 20282057.

IssueCouponMaturesFundsFund-held
LUMN 4.5 01/15/29 144A4.500%2029-01-1561$85.20M
LUMN 5.375 06/15/29 144A5.375%2029-06-1545$79.59M
Lumen Technologies Inc7.600%2039-09-1541$62.19M
LUMEN TECHNOLOGIES INC REGD SER U 7.650000007.650%2042-03-1524$37.96M
Qwest Corp Sr Deb 7.75% Due 05/01/20307.750%2030-05-014$20.77M
Qwest Corp 7.375% Due 05/01/20307.380%2030-05-014$15.69M
CTL 6.5 09/01/516.500%2051-09-015$5.03M
Lumen Technologies Inc6.875%2028-01-156$1.20M
Qwest Corp6.750%2057-06-151$0.62M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Go deeper in your own AI

15 years of statements, narrative and filings — queryable over MCP.

Read LUMN's last four 10-Qs: what changed in segment trends, margins and management's narrative?
Run in your AI →

Professionals can also use the built-in AI chat (subscription + your own Anthropic key).

15 years of Lumen Technologies, Inc.'s financials

Income statement, balance sheet and cash flow across 15 years, every filing with its disclosures, and each number traceable to the filing it came from — free with an account, no card required.

Sign in free