Filing Flows › Lumen Technologies (LUMN) › Q3 2025
Lumen Technologies (LUMN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Lumen Technologies (LUMN) reported revenue of $3.1B for the third quarter 2025 (Q3 2025), -4% from a year earlier and -0.2% from the quarter before. Operating margin was -3.8%, net loss $621M (20.1% of revenue).
Lumen Technologies, Q3 2025: revenue $3.1B (-4% year over year), operating margin -3.8%, net loss $621M, operating cash flow $2.5B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | -0.2% | -4% |
| Operating profit | −$116M | — | — |
| Net earnings | −$621M | — | — |
| Operating cash flow | $2.5B | +341% | +24% |
| Free cash flow | $1.5B | — | +24% |
What changed
Revenue was $3.1B in Q3 2025, down 4% year over year and roughly flat from the previous quarter. Business was the largest line at 80% of revenue. Business lost $0.08B year over year (down 3%), 60% of the total change.
Operating costs exceeded revenue by $0.12B, an operating margin of -3.8%. Total costs grew 3% against a revenue fall of 4%. The fastest-growing cost line was SG&A (+19%). The quarter ended with a net loss of $0.62B, narrower than the previous quarter's $0.92B loss. Net interest and other expense of $0.70B was the main reason.
Operating cash flow was $2.5B (up 24% year over year). Non-cash charges added back $0.67B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $2.4B. Capital expenditures of $1.0B left free cash flow of $1.5B.
Questions
What was Lumen Technologies' revenue in the third quarter 2025?
Lumen Technologies (LUMN) reported revenue of $3.1B for the third quarter 2025 (Q3 2025), -4% from a year earlier and -0.2% from the quarter before.
Was Lumen Technologies profitable in the third quarter 2025?
Operating loss was $116M (-3.8% of revenue) and net loss $621M.
Source: Lumen Technologies 10-Q on SEC EDGAR.