LUMN at a glance
Lumen Technologies, Inc. (LUMN, SEC CIK 18926) filed its latest 10-K annual report on February 20, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on September 25, 2026 and Form 4 insider filings as recently as September 24, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Lumen Technologies, Inc. (LUMN) reported revenue of $11.3 billion (down 6.6% from FY2024) and a net loss of $1.7 billion. Diluted EPS was -$1.75.
- As of June 30, 2026, 37 institutional investment managers tracked by SignalX reported holding Lumen Technologies, Inc. (LUMN) shares worth $3.7 billion in 13F-HR filings.
- The most recent insider open-market purchase reported on Form 4 was by Johnson Kathleen E on August 6, 2026 of 100,000 shares at $6.13 per share.
- In the last 90 days, LUMN insiders reported 1 open-market purchase ($613K) and 0 open-market sales ($0) on Form 4, a net purchase of $613K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $11.3B
- −6.6% vs prior year
- Insiders · 90 days
- 1 buy · 0 sells
- Net +$613K
- 13F holders
- 37 funds
- $3.7B · +0 vs prior quarter
- Latest 8-K
- Sep 25, 2026
- Item 3.01 · Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Digital networking services for enterprise customers in multi-cloud, AI-first environment
- New emphasis: Completed $5.75B divestiture of Mass Markets Fiber-to-the-Home business in 11 states to AT&T in Feb 2026
- Strategic shift: Increased focus on enterprise digital network services, divesting mass market residential fiber and international assets
- Network scale: 163,000 fiber on-net buildings and 340,000 route miles of global fiber optic cable as of Dec 31, 2025
- Noteworthy fact: Mass Markets Fiber-to-the-Home divestiture represents one of largest recent portfolio realignments in company history
Risk Factors
- Tax refund claim $400M filed in July 2025 under U.S. H.R. 1 “One, Big Beautiful Bill Act” with expected receipt in first half of 2026
- OECD Pillar Two 15% global minimum tax rules adopted by some countries increase compliance but no material 2025 impact
- Pension and post-retirement unfunded obligations $2.288B as of December 31, 2025 risk higher funding needs from market changes
- January 2024 $729M federal income tax refund including interest materially improved liquidity position
Management Discussion & Analysis
- Mass Markets revenue not explicitly stated; adjusted EBITDA margin 56% in 2025 vs 55% in 2024 and 52% in 2023
- Mass Markets segment expense decreased $135M in 2025 and $169M in 2024, driven by lower employee and network costs
- Best performing segment: Mass Markets with rising adjusted EBITDA margin; worst segment data not provided
- No management guidance, outlook, or emerging risks presented in the excerpt
AI summary of the LUMN 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $2.805B, down 9% YoY from $3.092B
- Operating loss $88M vs $603M; operating margin -3.1% vs -19.5% YoY
- Best segment Strategic revenue $1.289B, up 14%; worst Fiber Broadband $17M, down 92%
- Operating cash flow $2.294B, up $629M; cash $1.9B and debt $13.4B
- $4.8B divestiture proceeds applied to debt; next-12-month capex projected at $3.2B-$3.4B
Risk Factors
- Newly highlighted acquisition risk: Alkira integration may not deliver anticipated revenues or synergies
- Operational risk: Acquired-company integration could disrupt networks, products, services, technologies, and information systems
- Regulatory risk: Failed required approvals could prevent potential acquisitions from closing
- Financial risk: Acquisition financing could increase interest expense, restrictive covenants, or shareholder dilution
AI summary of the LUMN 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 3.01: Notice of Delisting or Failure to Satisfy a Continued Listing Rule
- Lumen and Qwest voluntarily transferring common stock and 6.500%/6.750% notes from NYSE to Nasdaq
- NYSE delisting scheduled after close October 5, 2026
Item 7.01: Regulation FD Disclosure
- Lumen transferring securities listing from NYSE to Nasdaq
- Exchange migration is administrative, with potential implications for trading access and investor visibility
Item EX-99.1: Item EX-99.1
- Voluntary listing transfer for LUMN common stock and Qwest notes CTGG and CTHH from NYSE to Nasdaq
- NYSE delisting expected October 5, 2026; Nasdaq trading expected October 6, 2026, subject to customary conditions
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results for quarter ended June 30, 2026
- Earnings Release issued August 4, 2026
Item 5.02: Departure/Appointment of Directors or Principal Officers
- John Hinshaw appointed director effective August 4, 2026, serving until the 2027 annual meeting
- Independent under NYSE rules and Company governance standards
Item 7.01: Regulation FD Disclosure
- Earnings presentation for financial results scheduled August 4, 2026, at 5:00 p.m. Eastern time
- Exhibit 99.2 provides investor presentation materials and is available on Lumen’s Investors website
Item EX-99.1: Item EX-99.1
- Q2 revenue fell 9% YoY to $2.805B, driven by Mass Markets revenue declining 40% to $361M
- Strategic business revenue rose 14% YoY to $1.289B, reaching 53% of business revenue versus 51% in Q1
Item 8.01: Other Events
- Qwest issued $1.002B of 6.500% notes due 2051 and $381.5M of 6.750% notes due 2052
- Lumen guarantees the new notes on a fully and unconditionally unsecured basis
AI summaries of LUMN 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for LUMN
Don't miss the next LUMN filing
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- Fund moves. Which tracked funds opened, added or cut LUMN, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Holt Donald Leroy | F | Sep 23, 2026 | 2,538 | $6.13 |
| Johnson Kathleen E | Buy | Aug 6, 2026 | 100,000 | $6.13 |
| Hinshaw John M | A | Aug 5, 2026 | 27,350 | $6.08 |
| Linear Diankha | A | May 21, 2026 | 25,197 | $9.44 |
| GOLDBERG MICHELLE J | A | May 21, 2026 | 25,197 | $9.44 |
| Bejar Martha Helena | A | May 21, 2026 | 25,197 | $9.44 |
| MCMILLAN STEPHEN | A | May 21, 2026 | 25,197 | $9.44 |
| Chilton Kevin P. | A | May 21, 2026 | 25,197 | $9.44 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $13.5B | $12.1B | $11.3B |
| Operating Income | -$9.6B | $460.0M | -$812.0M |
| Net Income | -$10.3B | -$55.0M | -$1.7B |
| Op. Margin | -70.9% | 3.8% | -7.2% |
| Net Margin | -76.2% | -0.5% | -15.3% |
| Balance Sheet | |||
| Total Assets | $34.0B | $33.5B | $34.3B |
| Equity | $417.0M | $464.0M | -$1.1B |
| ROE | -2469.5% | -11.9% | 155.7% |
| Per Share | |||
| EPS | - | $-0.06 | $-1.75 |
| Cash Flow | |||
| Operating CF | $2.2B | $4.3B | $4.7B |
Source: XBRL data in Lumen Technologies, Inc. (LUMN)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate LUMN share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 37 | $3.66B |
| Q1 2026 | 37 | $3.26B |
| Q4 2025 | 34 | $3.63B |
| Q3 2025 | 34 | $2.70B |
| Q2 2025 | 34 | $1.97B |
| Q1 2025 | 31 | $1.17B |
| Q4 2024 | 26 | $1.36B |
| Q3 2024 | 21 | $913.0M |
- FMR LLC (Fidelity)+13.91M (+44%)
- BNY Mellon+4.89M (+87%)
- BlackRock+4.80M (+3%)
- D.E. Shaw & Co+2.46M (+16%)
- State Street Corp+1.99M (+4%)
- JPMorgan Chase & Co−13.85M (-62%)
- Goldman Sachs Group−5.56M (-25%)
- Millennium Management−3.45M (-76%)
- Citigroup−1.18M (-40%)
- Citadel Advisors LLC−819.0K (-32%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 254 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
LUMN filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 25, 2026 | - | Analysis | - |
| 4 | Sep 24, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
| 10-Q | Aug 4, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| 8-K | Jun 11, 2026 | - | Analysis | - |
| 8-K | Jun 10, 2026 | - | Analysis | |
| 8-K | May 27, 2026 | - | Analysis | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 8-K | May 21, 2026 | - | Analysis | |
| 8-K | May 20, 2026 | - | Analysis | |
| 8-K | May 20, 2026 | - | Analysis | |
| 8-K | May 20, 2026 | - | Analysis | |
| 4 | May 18, 2026 | - | - | |
| 8-K | May 14, 2026 | - | Analysis | |
| 8-K | May 12, 2026 | - | Analysis | |
| 4 | May 11, 2026 | - | - |
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LUMN SEC filings: frequently asked questions
Are LUMN insiders buying or selling?
In the last 90 days, Lumen Technologies, Inc. (LUMN) officers, directors and 10% owners reported 1 open-market purchase worth $612,680 by 1 insider and no open-market sales on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold LUMN stock?
As of June 30, 2026, the largest Lumen Technologies, Inc. (LUMN) holders among the 13F filers tracked by SignalX were BlackRock ($1.1 billion), Vanguard Portfolio Management LLC ($472.1 million), State Street Corp ($368.7 million), FMR LLC (Fidelity) ($348.1 million), Vanguard Capital Management LLC ($322.9 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was LUMN's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Lumen Technologies, Inc. (LUMN) reported revenue of $11.3 billion (down 6.6% from FY2024) and a net loss of $1.7 billion. Diluted EPS was -$1.75. The figures come from the XBRL data in the 10-K.
What are the main risks in LUMN's latest 10-K?
In the 10-K filed February 20, 2026, Lumen Technologies, Inc. (LUMN) flagged: Tax refund claim $400M filed in July 2025 under U.S. H.R. 1 “One, Big Beautiful Bill Act” with expected receipt in first half of 2026. OECD Pillar Two 15% global minimum tax rules adopted by some countries increase compliance but no material 2025 impact. (AI summary of the Risk Factors section.)
What did LUMN report in its latest 8-K?
Lumen Technologies, Inc. (LUMN) filed an 8-K on September 25, 2026 reporting Item 3.01 (Notice of Delisting or Failure to Satisfy a Continued Listing Rule) and Item 7.01 (Regulation FD Disclosure). Lumen and Qwest voluntarily transferring common stock and 6.500%/6.750% notes from NYSE to Nasdaq.
What are the latest LUMN SEC filings?
Lumen Technologies, Inc. (LUMN) filed its latest 10-K annual report on February 20, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on September 25, 2026 and a Form 4 insider filing on September 24, 2026.
What is LUMN's SEC CIK number?
Lumen Technologies, Inc. (LUMN)'s SEC Central Index Key (CIK) is 18926. EDGAR lists every LUMN filing under that number.
Ask anything about LUMN
The research agent reads LUMN's filings, financials, insider trades and 13F holders, then answers with sources.