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Lumen Technologies (LUMN) Q2 2025 earnings results (second quarter 2025)

10-Q filed Jul 31, 2025

Lumen Technologies (LUMN) reported revenue of $3.1B for the second quarter 2025 (Q2 2025), -5% from a year earlier and -3% from the quarter before. Operating margin was -19.5%, net loss $915M (29.6% of revenue).

Revenue$3.1B
Year over year-5%
Quarter over quarter-3%
Operating margin-19.5%
Net earnings−$915M

Lumen Technologies, Q2 2025: revenue $3.1B (-5% year over year), operating margin -19.5%, net loss $915M, operating cash flow $570M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$3.1B-3%-5%
Operating profit−$603M-664%—
Net earnings−$915M——
Operating cash flow$570M-48%+12%

What changed

Revenue was $3.1B in Q2 2025, down 5% year over year and down 3% from the previous quarter. Business was the largest line at 81% of revenue. Business lost $0.09B year over year (down 3%), 50% of the total change.

Operating costs exceeded revenue by $0.60B, an operating margin of -19.5%. Total costs grew 18% against a revenue fall of 5%. The fastest-growing cost line was Other operating costs (+78%). The quarter ended with a net loss of $0.92B, wider than the previous quarter's $0.20B loss. Net interest and other expense of $0.55B was the main reason.

Operating cash flow was $0.57B (up 12% year over year). Non-cash charges added back $0.69B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.79B. Capital expenditures of $0.89B exceeded it, leaving free cash flow of −$0.32B.

Questions

What was Lumen Technologies' revenue in the second quarter 2025?

Lumen Technologies (LUMN) reported revenue of $3.1B for the second quarter 2025 (Q2 2025), -5% from a year earlier and -3% from the quarter before.

Was Lumen Technologies profitable in the second quarter 2025?

Operating loss was $603M (-19.5% of revenue) and net loss $915M.

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Source: Lumen Technologies 10-Q on SEC EDGAR.