Lumen Technologies, Inc. (LUMN) Income Statement
LUMN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsLUMN revenue and net income
Where LUMN's revenue goes
2025Each bar shows an amount and its share of revenue. LUMN kept −14.0% of revenue as net income.
LUMN profit margins
LUMN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −5.4% | −10.8% | −9.7% | −3.6% |
| Gross profit | −10.0% | −15.7% | −13.3% | −5.5% |
| Operating income | −276.5% | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LUMN quarterly EPS vs estimates
Lumen Technologies beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 4, 2026 (estimate $-0.16).
LUMN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.40B | $13.11B | $14.56B | $17.48B | $19.69B | $20.71B | $21.46B | $23.44B | $17.66B | $17.47B |
| Cost of revenue | $6.64B | $6.70B | $7.14B | $7.87B | $8.49B | $8.93B | $9.13B | $10.86B | $8.20B | $7.77B |
| Gross profit | $5.76B | $6.41B | $7.41B | $9.61B | $11.20B | $11.78B | $12.32B | $12.58B | $9.45B | $9.70B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $3.20B | $2.97B | $3.29B | $3.14B | $2.90B | $3.55B | $3.78B | $4.17B | $3.51B | $3.45B |
| Total operating expenses | $6.58B | $5.95B | $17.00B | $9.52B | $6.91B | $10.82B | $15.05B | $9.29B | $7.44B | $7.37B |
| Operating income | −$812.0M | $460.0M | −$9.58B | $95.0M | $4.29B | $962.0M | −$2.73B | $570.0M | $2.01B | $2.33B |
| Interest income | $75.0M | $119.0M | $41.0M | $24.0M | — | $1.67B | $2.02B | $2.18B | $1.48B | $1.32B |
| Interest expense | $1.28B | $1.37B | $1.16B | $1.33B | $1.52B | $1.67B | $2.02B | $2.18B | $1.48B | $1.32B |
| Income before taxes | −$2.72B | −$230.0M | −$10.24B | −$991.0M | $2.70B | −$782.0M | −$4.77B | −$1.56B | $540.0M | $1.02B |
| Income taxes | −$977.0M | −$175.0M | $61.0M | $557.0M | $668.0M | $450.0M | $503.0M | $170.0M | −$849.0M | $394.0M |
| Net income | −$1.74B | −$55.0M | −$10.30B | −$1.55B | $2.03B | −$1.23B | −$5.27B | −$1.73B | $1.39B | $626.0M |
| EBITDA | $1.32B | $4.10B | −$6.09B | $3.58B | $8.16B | $5.60B | $2.08B | $5.73B | $5.96B | $6.25B |
| EPS (diluted) | −$0.13 | −$0.21 | $0.19 | $1.55 | $1.92 | $1.67 | $1.32 | $1.18 | $1.58 | $2.44 |
| Gross margin | 46.5% | 48.9% | 50.9% | 55.0% | 56.9% | 56.9% | 57.4% | 53.7% | 53.5% | 55.5% |
| Operating margin | −6.5% | 3.5% | −65.8% | 0.5% | 21.8% | 4.6% | −12.7% | 2.4% | 11.4% | 13.3% |
| Net margin | −14.0% | −0.4% | −70.7% | −8.9% | 10.3% | −5.9% | −24.6% | −7.4% | 7.9% | 3.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.81B | $2.90B | $3.04B | $3.09B | $3.09B | $3.18B | $3.33B | $3.22B | $3.27B | $3.29B | $3.52B | $3.64B |
| Cost of revenue | $1.42B | $1.44B | $1.63B | $1.70B | $1.62B | $1.69B | $1.71B | $1.69B | $2.40B | $1.65B | $2.49B | $1.85B |
| Gross profit | $1.39B | $1.46B | $1.41B | $1.39B | $1.47B | $1.50B | $1.62B | $1.53B | $872.0M | $1.64B | $1.03B | $1.79B |
| Sales, general & admin | $779.0M | $794.0M | $940.0M | $829.0M | $755.0M | $675.0M | $805.0M | $734.0M | $779.0M | $901.0M | $896.0M | $869.0M |
| Total operating expenses | $1.48B | $1.46B | $1.61B | $1.50B | $2.07B | $1.39B | $1.47B | $1.40B | $742.0M | $1.59B | $896.0M | $1.57B |
| Operating income | −$88.0M | $6.0M | −$200.0M | −$116.0M | −$603.0M | $107.0M | $154.0M | $126.0M | $130.0M | $45.0M | $133.0M | $223.0M |
| Interest income | $34.0M | $14.0M | $16.0M | $18.0M | $20.0M | $21.0M | $29.0M | $18.0M | $14.0M | $58.0M | — | — |
| Interest expense | $201.0M | $225.0M | $280.0M | $319.0M | $338.0M | $347.0M | $357.0M | $351.0M | $373.0M | $291.0M | $290.0M | $295.0M |
| Income before taxes | −$255.0M | $177.0M | −$509.0M | −$813.0M | −$1.15B | −$245.0M | −$119.0M | −$172.0M | −$41.0M | $102.0M | −$2.14B | −$85.0M |
| Income taxes | −$54.0M | $377.0M | −$507.0M | −$192.0M | −$234.0M | −$44.0M | −$204.0M | −$24.0M | $8.0M | $45.0M | −$147.0M | −$7.0M |
| Net income | −$201.0M | −$200.0M | −$2.0M | −$621.0M | −$915.0M | −$201.0M | $85.0M | −$148.0M | −$49.0M | $57.0M | −$2.00B | −$78.0M |
| EBITDA | $546.0M | $1.07B | $445.0M | $180.0M | −$123.0M | $815.0M | $996.0M | $886.0M | $1.07B | $1.14B | −$1.10B | $965.0M |
| EPS (diluted) | −$0.07 | −$0.47 | $0.23 | −$0.20 | −$0.03 | −$0.13 | $0.09 | −$0.13 | −$0.13 | −$0.04 | $0.08 | −$0.09 |
| Gross margin | 49.6% | 50.5% | 46.5% | 44.9% | 47.5% | 47.0% | 48.8% | 47.5% | 26.7% | 49.8% | 29.3% | 49.2% |
| Operating margin | −3.1% | 0.2% | −6.6% | −3.8% | −19.5% | 3.4% | 4.6% | 3.9% | 4.0% | 1.4% | 3.8% | 6.1% |
| Net margin | −7.2% | −6.9% | −0.1% | −20.1% | −29.6% | −6.3% | 2.6% | −4.6% | −1.5% | 1.7% | −56.7% | −2.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LUMN's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LUMN financial results
In fiscal year 2025 (ended December 31, 2025), Lumen Technologies reported revenue of $12.4 billion, down 5.4% from the year before. It had a net loss of $1.7 billion, a net profit margin of −14.0%. Diluted earnings per share came to −$0.13. Over five years revenue grew at an average rate of −9.7% a year.
See the LUMN stock overview for the latest quote and news, or the LUMN chart for price history and technical indicators.
LUMN income statement FAQ
What is Lumen Technologies's annual revenue?
Lumen Technologies reported total revenue of $12.4 billion for fiscal year 2025, which ended on December 31, 2025. That was down 5.4% from $13.1 billion the previous year.
Is Lumen Technologies profitable?
No. Lumen Technologies reported a net loss of $1.7 billion in fiscal 2025, a net profit margin of −14.0%; its operating margin was −6.5%.
What is Lumen Technologies's gross margin?
Lumen Technologies's gross margin was 46.5% in fiscal 2025: for every $100 of revenue, Lumen Technologies kept $46 after the direct cost of its products and services.
How fast is Lumen Technologies growing?
Revenue grew −9.7% a year on average over the last five fiscal years, from $20.7 billion to $12.4 billion.
What are Lumen Technologies's earnings per share?
Lumen Technologies earned $-0.13 per diluted share in fiscal 2025, compared with $-0.21 a year earlier.
When will Lumen Technologies report its next earnings?
Lumen Technologies is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Lumen Technologies's fiscal year end?
Lumen Technologies's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.