Lumen Technologies, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.81B | $2.90B | $3.04B | $3.09B | $3.09B | $3.18B | $3.33B | $3.22B |
| Cost of Revenue | $1.42B | $1.44B | $1.63B | $1.70B | $1.62B | $1.69B | $1.71B | $1.69B |
| Gross Profit | $1.39B | $1.46B | $1.41B | $1.39B | $1.47B | $1.50B | $1.62B | $1.53B |
| Gross Margin | 49.6% | 50.5% | 46.5% | 44.9% | 47.5% | 47.0% | 48.8% | 47.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $779.0M | $794.0M | $940.0M | $829.0M | $755.0M | $675.0M | $711.0M | $696.0M |
| Operating Income | $-88.0M | $602.0M | $-200.0M | $-116.0M | $-603.0M | $107.0M | $154.0M | $126.0M |
| Operating Margin | -3.1% | 20.8% | -6.6% | -3.8% | -19.5% | 3.4% | 4.6% | 3.9% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-255.0M | $177.0M | $-509.0M | $-813.0M | $-1.15B | $-245.0M | $-119.0M | $-172.0M |
| Income Tax Expense | $-54.0M | $377.0M | $-507.0M | $-192.0M | $-234.0M | $-44.0M | $-204.0M | $-24.0M |
| Net Income | $-201.0M | $-200.0M | $-2.0M | $-621.0M | $-915.0M | $-201.0M | $85.0M | $-148.0M |
| Net Margin | -7.2% | -6.9% | -0.1% | -20.1% | -29.6% | -6.3% | 2.6% | -4.6% |
| EPS (Basic) | $-0.20 | $-0.20 | $-0.01 | $-0.62 | $-0.92 | $-0.20 | $0.08 | $-0.15 |
| EPS (Diluted) | $-0.20 | $-0.20 | $-0.01 | $-0.62 | $-0.92 | $-0.20 | $0.08 | $-0.15 |
| Shares Outstanding (Basic) | 1.00B | 998.9M | 994.5M | 996.0M | 994.5M | 991.3M | 987.7M | 988.8M |
| Shares Outstanding (Diluted) | 1.00B | 998.9M | 994.5M | 996.0M | 994.5M | 991.3M | 987.7M | 988.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |