Filing Flows › Lumen Technologies (LUMN) › Q4 2025
Lumen Technologies (LUMN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 20, 2026
Lumen Technologies (LUMN) reported revenue of $3.0B for the fourth quarter 2025 (Q4 2025), -9% from a year earlier and -1% from the quarter before. Operating margin was -6.6%, net loss $2.0M (0.1% of revenue).
Lumen Technologies, Q4 2025: revenue $3.0B (-9% year over year), operating margin -6.6%, net loss $2.0M, operating cash flow $562M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | -1% | -9% |
| Operating profit | −$200M | — | — |
| Net earnings | −$2.0M | — | — |
| Operating cash flow | $562M | -78% | -18% |
What changed
Revenue was $3.0B in Q4 2025, down 9% year over year and down 1% from the previous quarter. Business was the largest line at 80% of revenue.
Operating costs exceeded revenue by $0.20B, an operating margin of -6.6%. Total costs grew 2% against a revenue fall of 9%. The fastest-growing cost line was SG&A (+32%). The quarter ended with a net loss of $2.0M, narrower than the previous quarter's $0.62B loss. Net interest and other expense of $0.31B was the main reason.
Operating cash flow was $0.56B (down 18% 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 used $0.12B. Capital expenditures of $1.6B exceeded it, leaving free cash flow of −$1.1B.
Questions
What was Lumen Technologies' revenue in the fourth quarter 2025?
Lumen Technologies (LUMN) reported revenue of $3.0B for the fourth quarter 2025 (Q4 2025), -9% from a year earlier and -1% from the quarter before.
Was Lumen Technologies profitable in the fourth quarter 2025?
Operating loss was $200M (-6.6% of revenue) and net loss $2.0M.
Source: Lumen Technologies 10-K on SEC EDGAR.