Lumen Technologies, Inc. (LUMN) FY2025 10-K Annual Report
Lumen Technologies, Inc. (LUMN) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 20, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Lumen Technologies, Inc. FY2025 10-K Analysis
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
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
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
Lumen Technologies, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$11.3B
▼ -6.6% YoY
Net Income
-$1.7B
▼ -3061.8% YoY
Operating Margin
-7.2%
▼ -1096bp YoY
Net Margin
-15.3%
▼ -1489bp YoY
ROE
155.7%
▲ +16754bp YoY
Total Assets
$34.3B
▲ +2.5% YoY
EPS (Diluted)
$-1.75
▼ -2816.7% YoY
Operating Cash Flow
$4.7B
▲ +9.3% YoY
Source: XBRL data from Lumen Technologies, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on Lumen Technologies, Inc.
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.