Lumen Technologies, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $12.4B | $13.1B | $14.6B | $17.5B | $19.7B |
| Cost of revenue | $6.6B | $6.7B | $7.1B | $7.9B | $8.5B |
| Selling, general & administrative | $3.2B | $3.0B | $3.2B | $3.1B | $2.9B |
| Operating income | -$812.0M | $460.0M | -$9.6B | $95.0M | $4.3B |
| Interest expense | $1.3B | $1.4B | $1.2B | $1.3B | $1.5B |
| Pretax income | -$2.7B | -$230.0M | -$10.2B | -$991.0M | $2.7B |
| Income tax expense | -$977.0M | -$175.0M | $61.0M | $557.0M | $668.0M |
| Net income | -$1.7B | -$55.0M | -$10.3B | -$1.5B | $2.0B |
| Balance Sheet | |||||
| Cash and equivalents | $1.0B | $1.9B | $2.2B | $1.3B | $354.0M |
| Current assets | $7.9B | $4.4B | $4.8B | $5.5B | $11.5B |
| Total assets | $34.3B | $33.5B | $34.0B | $45.6B | $58.0B |
| Current liabilities | $4.4B | $3.6B | $3.5B | $4.9B | $7.2B |
| Total debt | $17.4B | $17.9B | $20.0B | $20.6B | $29.0B |
| Stockholders' equity | -$1.1B | $464.0M | $417.0M | $10.4B | $11.8B |
| Cash Flow Statement | |||||
| Cash from operations | $4.7B | $4.3B | $2.2B | $4.7B | $6.5B |
| Depreciation and amortization | $2.7B | $3.0B | $3.0B | $3.2B | $4.0B |
| Stock-based compensation | $48.0M | $29.0M | $52.0M | $98.0M | $120.0M |
| Capital expenditure | $4.4B | $3.2B | $3.1B | $3.0B | $2.9B |
| Free cash flow | $371.0M | $1.1B | -$940.0M | $1.7B | $3.6B |
| Dividends paid | $1.0M | $3.0M | $11.0M | $780.0M | $1.1B |
| Share repurchases | — | $0 | $0 | $200.0M | $1.0B |
| Impairments | $628.0M | $0 | $10.7B | $3.3B | $0 |
Shares outstanding 1.0B · Free float 82.3%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.