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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. 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… From the company’s description.

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. 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.

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.

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  • “How do Lumen Technologies, Inc. and its peers compare on margins and cash generation over ten years?”
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