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Lumen Technologies LUMN Business Segment — Revenue Not from Contract with Customer

Other segment segments

Mass Market Segment
$20M-44.4%

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Other financials

Income statement

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Revenue$2.9B-8.9%
Gross profit$1.5B-2.1%
Operating income$602.0M+463%
Net income-$200.0M+0.5%
EPS (diluted)-$0.200.0%

Balance sheet

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Cash & equivalents$1.6B-14.4%
Total debt$13.4B-29.0%
Total equity-$1.3B-556%
Total assets$30.6B-8.7%

Cash flow

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Operating cash flow$1.3B+20.8%
CapEx$943.0M+19.2%
Free cash flow$380.0M+25.0%

Valuation

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Market cap$6.27B+62.5%
Enterprise value$18.05B-15.7%
P/S0.5×+0.2×

Profitability

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Gross margin47.3%-0.9pp
Operating margin-2.6%-6.6pp
Net margin-14.3%
FCF margin-3.9%-9.2pp

Returns & leverage

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Return on equity-170.9%+20.5pp
Debt / equity65.4×+26.1×
Current ratio-0.2×

Where this comes from

Reported directly by Lumen Technologies in its filing.

Tagged under the XBRL concept us-gaap:RevenueNotFromContractWithCustomer.

The source filing: Lumen Technologies’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:18 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000018926-26-000046
Line itemTotal RevenueAdjustments for Non-ASC 606 Revenue (1)Total revenue from Contracts with Customers
Business Revenue by Product Category
Strategic1,246(240)1,006
Legacy1,198(41)1,157
Total Business Revenue2,444(281)2,163
Mass Markets by Product Category
Fiber Broadband92(17)75
Other Broadband205(2)203
Voice and Other158(1)157

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Lumen Technologies's business segment — revenue not from contract with customer?
Lumen Technologies (LUMN) reported business segment — revenue not from contract with customer of $281M in Q1 2026.
How has Lumen Technologies's business segment — revenue not from contract with customer changed year-over-year?
Lumen Technologies's business segment — revenue not from contract with customer increased by 19.6% year-over-year, from $235M to $281M.
What is the long-term trend for Lumen Technologies's business segment — revenue not from contract with customer?
Over 4 years (2021 to 2025), Lumen Technologies's business segment — revenue not from contract with customer has grown at a -2.5% compound annual growth rate (CAGR), from $1.1B to $991M.
What does business segment — revenue not from contract with customer mean?
This metric tracks revenue streams within the business segment that fall outside the scope of standard customer service contracts, such as regulatory settlements, equipment sales, or non-recurring ancillary fees. It helps investors distinguish between core recurring service revenue and irregular or non-contractual income sources. Monitoring this provides clarity on the sustainability and predictability of the segment's total revenue profile.

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