15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $11.3B | -$1.7B | 41.4% | -7.2% | $371M | — | $1.0B |
| 2024 | $12.1B | -$55M | 44.7% | 3.8% | $1.1B | — | $1.9B |
| 2023 | $13.5B | -$10.3B | 47.2% | -70.9% | -$940M | — | $2.2B |
| 2022 | $16.1B | -$1.5B | 51.2% | 0.6% | $1.7B | — | $1.3B |
| 2021 | $17.8B | $2.0B | 52.3% | 24.1% | $3.6B | — | $354M |
| 2020 | $18.8B | -$1.2B | 52.5% | 5.1% | $2.8B | — | $406M |
| 2019 | $19.5B | -$5.3B | 53.2% | -14.0% | $3.1B | — | $1.7B |
| 2018 | $21.0B | -$1.7B | 52.5% | 2.7% | $3.9B | — | $488M |
| 2017 | — | $1.4B | — | — | $772M | — | $551M |
| 2016 | — | $626M | — | — | $1.6B | — | $222M |
| 2015 | — | $878M | — | — | — | — | $126M |
| 2014 | — | $772M | — | — | — | — | $128M |
| 2013 | — | -$239M | — | — | — | — | $168M |
| 2012 | — | $777M | — | — | — | — | $211M |
| 2011 | — | $573M | — | — | — | — | $128M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $2.6B | -$200M | 44.8% | 23.2% | $380M | — | $1.6B |
| Dec '25 | $2.7B | -$2M | 40.7% | -7.3% | -$1.1B | — | $1.0B |
| Sep '25 | $2.8B | -$621M | 39.4% | -4.1% | $1.5B | — | $2.4B |
| Jun '25 | $2.9B | -$915M | 43.4% | -21.0% | -$321M | — | $1.6B |
| Mar '25 | $2.9B | -$201M | 42.0% | 3.7% | $304M | — | $1.9B |
| Dec '24 | $3.1B | $85M | 44.7% | 5.0% | -$227M | — | $1.9B |
| Sep '24 | $3.0B | -$148M | 43.0% | 4.2% | $1.2B | — | $2.6B |
| Jun '24 | $3.0B | -$49M | 45.2% | 4.5% | -$242M | — | $1.5B |
| Mar '24 | $3.1B | $57M | 46.0% | 1.5% | $389M | — | $1.6B |
| Dec '23 | $3.3B | -$2.0B | 47.1% | -54.1% | -$37M | — | $2.2B |
| Sep '23 | $3.4B | -$78M | 45.3% | 6.6% | $38M | — | $311M |
| Jun '23 | $3.4B | -$8.7B | 48.7% | -248.0% | -$896M | — | $411M |
| Mar '23 | $3.5B | $511M | 47.5% | 11.3% | -$45M | — | $1.1B |
| Dec '22 | — | -$3.1B | — | — | $8M | — | $1.3B |
| Sep '22 | — | $578M | — | — | $278M | — | $252M |
| Jun '22 | — | $344M | — | — | $635M | — | $360M |
| Mar '22 | — | $599M | — | — | $798M | — | $366M |
| Dec '21 | $4.4B | $508M | 52.3% | 26.6% | $759M | — | $354M |
| Sep '21 | $4.4B | $544M | 51.3% | 25.6% | $1.0B | — | $635M |
| Jun '21 | $4.5B | $506M | 52.5% | 22.6% | $993M | $31.5B | $935M |
How the market has priced LUMN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Lumen Technologies, Inc.'s revenue has declined 9.6% per year. These are computed facts, not advice.
As of FY2025, Lumen Technologies, Inc. reported — of total debt against $1.0B of cash; operating income covered interest expense -0.6×.
In FY2025, gross margin was 41.4%, operating margin -7.2%, and net margin -15.3%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.