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Companies / Communication Services / Lumen Technologies, Inc.
LUMN

Lumen Technologies, Inc.

Communication ServicesTelecommunications
Ticker LUMNMONROE, LAFiscal year ends DecemberBook value per share $-1.49Diluted shares 1.0B

Lumen Technologies, Inc. (NYSE: LUMN) provides communications and digital networking services to enterprise, wholesale, residential, and small-business customers in the United States and internationally. Its offerings include fiber and internet connectivity, optical and Ethernet networking, voice and cloud… From the company’s description.

In fiscal 2025, Lumen Technologies, Inc. reported revenue of $12.40B, down 5.4% from fiscal 2024, and a net loss of $1.74B. Its operating margin was −6.5%, and operations generated $4.74B in cash. Over the twelve months to Jun 30, 2026, revenue was $11.83B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$12.40BFY2025
−5.4% year over year
Last 12 mo $11.83B
-6.55%FY2025
−10.1 percentage points
Last 12 mo 1.67%
$-1.74BFY2025
−3061.8% year over year
Last 12 mo $-1.02B
79.24%FY2025
+91.1 percentage points
Last 12 mo 68.82%
Cash & financing
$4.74BFY2025
+9.3% year over year
Last 12 mo $5.37B
$371.00MFY2025
−66.3% year over year
Last 12 mo $837.00M
-15.61FY2025
Was 38.59× a year earlier
Last 12 mo -8.88
994.5MFY2025
+0.7% year over year
Last 12 mo 1.0B

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Lumen Technologies, Inc. does

In the company’s own words

Lumen Technologies, Inc. (NYSE: LUMN) provides communications and digital networking services to enterprise, wholesale, residential, and small-business customers in the United States and internationally. Its offerings include fiber and internet connectivity, optical and Ethernet networking, voice and cloud communications, managed security, software-defined networking, and broadband services. The company reports Business and Mass Markets segments: Business serves enterprise, government, education, carrier, and other communications customers through five sales channels, while Mass Markets serves domestic residential and small-business customers. Following its February 2026 sale of its fiber-to-the-home business in 11 states to AT&T, Lumen anticipates reporting one segment. Its Lumen brand serves enterprise and wholesale markets, CenturyLink provides primarily copper-based communications services, and Black Lotus Labs conducts cyberthreat research and intelligence. As of December 31, 2025, Lumen operates more than 340,000 route miles of fiber-optic cable globally and employs approximately 24,000 people. Its history includes acquisitions of Embarq, Qwest, and Level 3. Its website is www.lumen.com.

Company details
Sector
Communication Services
Industry (SIC)
Telecommunications
Headquarters
MONROE, LA
Fiscal year end
December
CIK
18926
SIC
4813

Financial performance, year by year

Fiscal 2013–2025 · USD
$-13.67B$-3.55B$6.57B$16.69B$26.82B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Lumen Technologies, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

356
funds hold it
0 of 35
superinvestors hold it
$3.09B
held by funds, at market
35.4%
of shares held by funds
9
bond issues held by funds

Largest fund holders · Lumen Technologies, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.32%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.23%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.09%of fund net assets
Fidelity Growth Company Fund
FDGRX · Fidelity Mt. Vernon Street Trust
0.13%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Lumen Technologies, Inc.’s bonds, as funds hold them

Funds report holding 9 issues of Lumen Technologies, Inc.’s debt, $308.25M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.15%, maturing 2028 to 2057.

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”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Lumen Technologies, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Lumen Technologies, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Lumen Technologies, Inc.'s last four quarterly filings that the numbers alone won't show?”
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