{ "ok": true, "cik": "18926", "ticker": "LUMN", "name": "LUMEN TECHNOLOGIES, INC.", "filings": [ { "form": "8-K", "filed": "2026-09-25", "items": [ "3.01 Notice of Delisting or Failure to Satisfy a Listing Rule", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/18926/000094787126000891/0000947871-26-000891-index.htm" }, { "form": "10-Q", "filed": "2026-08-04", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/18926/000001892626000060/0000018926-26-000060-index.htm" }, { "form": "8-K", "filed": "2026-08-04", "items": [ "2.02 Results of Operations and Financial Condition", "5.02 Departure or Election of Directors; Appointment of Officers", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/18926/000001892626000058/0000018926-26-000058-index.htm" }, { "form": "8-K", "filed": "2026-06-11", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/18926/000119312526267799/0001193125-26-267799-index.htm" }, { "form": "8-K", "filed": "2026-06-10", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/18926/000119312526265145/0001193125-26-265145-index.htm" }, { "form": "8-K", "filed": "2026-05-27", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "5.03 Amendments to Articles or Bylaws; Change in Fiscal Year", "5.07 Submission of Matters to a Vote of Security Holders", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/18926/000119312526240338/0001193125-26-240338-index.htm" } ], "events12m": 31, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 1, "latest": { "filed": "2026-09-25", "url": "https://www.sec.gov/Archives/edgar/data/18926/000094787126000891/0000947871-26-000891-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 6, "latest": { "filed": "2026-08-04", "url": "https://www.sec.gov/Archives/edgar/data/18926/000001892626000058/0000018926-26-000058-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000018926.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=18926" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up LUMEN TECHNOLOGIES, INC. ($LUMN). Last filing: 8-K (3.01 Notice of Delisting or Failure to Satisfy a Listing Rule), 2026-09-25. 31 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 12402000000, "revenueGrowth1y": -0.053860238022581663, "revenueGrowthPerYear": -0.1091018718876473, "yearsOfData": 5, "operatingMargin": -0.06547331075632963, "operatingMarginPrior": 0.03509307293256027, "netMargin": -0.14021931946460248, "operatingCashFlow": 4738000000, "capitalSpending": 4367000000, "freeCashFlow": 371000000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 1003000000, "longTermDebt": 17815000000, "longTermDebtChange": -0.03796306296576302, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 19687000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 17478000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 14557000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 13108000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 12402000000 } ], "totalEquity": -1117000000, "totalAssets": 34342000000, "equityRatio": -0.03252577019393163, "returnOnEquity": null, "dividendsPaid": 1000000, "payoutRatio": null, "dividendPerShare": 0, "dividendYearsRising": 0, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -1.75, "sharesOutstanding": 994548000, "bookValuePerShare": -1.1231232680574492, "revenuePerShare": 12.469986365665608, "range80": { "low": 10159225848.746363, "high": 11959717457.474525, "baseline": 11397903184.100521, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.05253844092150318, "classVolatility": 0.06659579566308972, "volatility": 0.059980362513335474 }, "ifPaceHeld": { "low": 10159225848.746363, "high": 11959717457.474525 } }, "edgarette": "🔖 Exposure: revenue $12.4B (FY2025), total debt $17.8B. Experience: revenue down 5.4% on the year, down 10.9% a year over 4 years; operating margin -6.5%, down from 3.5%. Soundness: equity -3.3% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $10.2B and $12.0B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $9.5B to $12.8B. A statistical range, not company guidance. Against peers (14 filers, $50M+ revenue, telephone communications (no radiotelephone)): operating margin -6.5% against a 2.5% median; growth -5.4% against 2.3%.", "peers": { "sic": 4813, "sicDescription": "Telephone Communications (No Radiotelephone)", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4813", "growth": [ 0.0233, 14 ], "opMargin": [ 0.0247, 14 ], "equityRatio": [ 0.3783, 12 ], "returnOnEquity": [ -0.017, 10 ] }, "summary": "Lumen Technologies, Inc. (LUMN) saw revenue fall 5.4% in FY2025 to $12.4 billion, operating margin -6.5% against a 2.5% median for telephone communications (no radiotelephone), equity -3.3% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
LUMEN TECHNOLOGIES, INC. against its own record and its peers
Operating marginPeer median 2.5%-6.5%Revenue, on the yearPeer median 2.3%-5.4%Equity of assetsPeer median 37.8%-3.3%Gold tick: the median of 12–12 peers with $50M+ revenue in telephone communications (no radiotelephone)
", "chartHorizon": null, "backtest": { "tests": 14, "hits": 9, "rate": 0.6428571428571429, "method": "v4", "byYear": { "2012": [ 0, 1 ], "2013": [ 0, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 0, 1 ], "2019": [ 0, 1 ], "2020": [ 1, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T15:54:48.364Z", "hash": "b523cd3570fd9452", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Lumen Technologies, Inc. (LUMN) saw revenue fall 5.4% in FY2025 to $12.4 billion, operating margin -6.5% against a 2.5% median for telephone communications (no radiotelephone), equity -3.3% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 12402000000, "totalDebt": 17815000000, "cash": 1003000000 }, "experience": { "revenueGrowth1y": -0.053860238022581663, "revenueGrowthPerYear": -0.1091018718876473, "operatingMargin": -0.06547331075632963, "operatingMarginPrior": 0.03509307293256027, "netMargin": -0.14021931946460248, "freeCashFlow": 371000000 }, "soundness": { "equityRatio": -0.03252577019393163, "returnOnEquity": null, "payoutRatio": null, "dividendPerShare": 0, "dividendYearsRising": 0, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 4813, "sicDescription": "Telephone Communications (No Radiotelephone)", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4813", "growth": [ 0.0233, 14 ], "opMargin": [ 0.0247, 14 ], "equityRatio": [ 0.3783, 12 ], "returnOnEquity": [ -0.017, 10 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 1, "latest": { "filed": "2026-09-25", "url": "https://www.sec.gov/Archives/edgar/data/18926/000094787126000891/0000947871-26-000891-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 6, "latest": { "filed": "2026-08-04", "url": "https://www.sec.gov/Archives/edgar/data/18926/000001892626000058/0000018926-26-000058-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 10159225848.746363, "high": 11959717457.474525, "baseline": 11397903184.100521, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.05253844092150318, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.059980362513335474, "k": 3 }, "stress": { "low": 9456548131.308401, "high": 12767786085.162983, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 14, "hits": 9, "rate": 0.6428571428571429, "method": "v4", "byYear": { "2012": [ 0, 1 ], "2013": [ 0, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 0, 1 ], "2019": [ 0, 1 ], "2020": [ 1, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T15:54:48.364Z", "hash": "b523cd3570fd9452", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000018926.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=18926" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.382, "growth3y": -0.1081, "volatility": 0.0525, "paysDividend": true, "raisedDividend": false, "equityRatio": -0.0325, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "steady", "inside": "Turns 38.2% of revenue into operating cash; revenue shrinking 10.8% a year over three years; pays a dividend; liabilities exceed assets.", "outside": "Among $10B+ companies: 91st percentile for cash, 4th for growth.", "emoji": "🐂", "label": "Steady earner", "plain": "steady and paying a dividend, with average cash" }, "band": "$10B+", "cashPctInClass": 91, "growthPctInClass": 4, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "balance", "text": "liabilities exceed assets (often from years of share buybacks, not always distress)" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 4738000000, "investing": -4305000000, "financing": -1319000000, "capitalSpending": 4367000000, "free": 371000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 6501000000, "free": 3601000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 4735000000, "free": 1719000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 2160000000, "free": -940000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 4333000000, "free": 1102000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 4738000000, "free": 371000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 1003000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 34342000000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.382, "growth3y": -0.1081, "volatility": 0.0525, "paysDividend": true, "raisedDividend": false, "equityRatio": -0.0325, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "steady", "inside": "Turns 38.2% of revenue into operating cash; revenue shrinking 10.8% a year over three years; pays a dividend; liabilities exceed assets.", "outside": "Among $10B+ companies: 91st percentile for cash, 4th for growth.", "emoji": "🐂", "label": "Steady earner", "plain": "steady and paying a dividend, with average cash" }, "band": "$10B+", "cashPctInClass": 91, "growthPctInClass": 4, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "balance", "text": "liabilities exceed assets (often from years of share buybacks, not always distress)" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 4738000000, "investing": -4305000000, "financing": -1319000000, "capitalSpending": 4367000000, "free": 371000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 6501000000, "free": 3601000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 4735000000, "free": 1719000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 2160000000, "free": -940000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 4333000000, "free": 1102000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 4738000000, "free": 371000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 1003000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 34342000000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }