Latest revenue
$2.90B
as of 2026-03-31
Latest net income
$-200.0M
as of 2026-03-31
Net margin
-6.9%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $9.70B
- Enterprise value
- $9.70B
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $11.95
- 52-wk low
- $3.37
- Beta
- —
- Shares out
- 1.03B
5-year trend
What this company does
ITEM 1. BUSINESS Business Overview We are a leading digital networking services company, empowering enterprise businesses to fuel growth in a multi-cloud, AI-first marketplace by connecting people, data, and applications quickly, securely, and effortlessly. We are unleashing the world's digital potential by providing a broad array of integrated products and services to our customers. As of December 31, 2025, we had two segments, comprised of our Business segment, serving domestic and global customers, and our Mass Markets segment, serving domestic customers. We operate one of the world’s most interconnected communications networks. Our platform empowers our customers to swiftly adjust…
AI summary unavailable — showing raw filing excerpt
Generated from LUMN's filing dated 2026-02-20
Key risks
Table of Contents ITEM 1A. RISK FACTORS The following discussion identifies material factors that could (i) materially and adversely affect our business, financial condition, results of operations or prospects or (ii) cause our actual results to differ materially from our anticipated results, projections or other expectations. The following information should be read in conjunction with the other portions of this annual report, including “Special Note Regarding Forward-Looking Statements”, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 7 and our consolidated financial statements and related notes in Item 8. All references to "Notes" in this…
AI summary unavailable — showing raw filing excerpt
Generated from LUMN's filing dated 2026-02-20
Profitability
Operating margin
-6.5%
286.6%Net margin
-14.0%
3241.8%Return on equity
155.7%
1413.4%Return on assets
-5.1%
2983.9%Leverage
Debt / equity
-31.74×
144.6%Long-term debt / equity
-15.54×
141.2%Debt / assets
103.3%
4.7%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $2.90B | -8.9% | $-200.0M | +0.5% | -6.9% |
Q4 2025 2025-12-31 | $3.04B | -8.7% | $-2.0M | -110.0% | -0.1% |
Q3 2025 2025-09-30 | $3.09B | -4.2% | $-621.0M | -343.6% | -20.1% |
Q2 2025 2025-06-30 | $3.09B | -5.4% | $-915.0M | -11537.5% | -29.6% |
Q1 2025 2025-03-31 | $3.18B | -3.3% | $-201.0M | -452.6% | -6.3% |
Q4 2024 2024-12-31 | $3.33B | — | $20.0M | — | 0.6% |
Q3 2024 2024-09-30 | $3.22B | -11.5% | $-140.0M | -79.5% | -4.3% |
Q2 2024 2024-06-30 | $3.27B | -10.7% | $8.0M | +100.1% | 0.2% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Telephone Communications (No Radiotelephone) · SIC 4813
Your notes
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Insider activity
Insider buying
$1.3M
Insider selling
$355.1K
Net activity
+$901.9K
Distinct insiders
3
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns LUMN
Institutional value
$2.96B
Total shares held
434.4M
Distinct holders
410
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 137.5M | $955.4M | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 62.1M | $431.7M | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 41.6M | $289.3M | — | New |
| 4 | JPMORGAN CHASE & CO | 22.6M | $144.3M | — | New |
| 5 | DIMENSIONAL FUND ADVISORS LP | 15.0M | $104.2M | — | New |
| 6 | FIRST TRUST ADVISORS LP | 12.8M | $88.8M | — | New |
| 7 | Invesco Ltd. | 9.2M | $63.6M | — | New |
| 8 | HSBC HOLDINGS PLC | 8.8M | $60.4M | — | New |
| 9 | Allianz Asset Management GmbH | 8.5M | $59.0M | — | New |
| 10 | CapWealth Advisors, LLC | 7.0M | $48.7M | — | New |
| 11 | VANGUARD FIDUCIARY TRUST CO | 6.5M | $45.3M | — | New |
| 12 | Bank of New York Mellon Corp | 5.6M | $38.9M | — | New |
| 13 | Nuveen, LLC | 5.4M | $37.2M | — | New |
| 14 | VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | 5.3M | $36.8M | — | New |
| 15 | JANE STREET GROUP, LLC | 5.2M | $35.8M | — | New |
| 16 | LM Asset (IM) Inc. | 5.0M | $34.5M | — | New |
| 17 | PRINCIPAL FINANCIAL GROUP INC | 4.6M | $32.1M | — | New |
| 18 | UBS Group AG | 4.4M | $30.3M | — | New |
| 19 | Connor, Clark & Lunn Investment Management Ltd. | 4.2M | $29.4M | — | New |
| 20 | Public Sector Pension Investment Board | 3.7M | $25.9M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once LUMN's latest filing finishes processing.