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Lumen Technologies LUMN Fiber Broadband — Revenue Not from Contract with Customer

Other product segments

Strategic
$240M
Legacy
$41M
Other Broadband
$2M-91.7%
Voice and Other
$1M-88.9%

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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
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
Total Mass Markets Revenue455(20)435
Total Revenue$2,899(301)2,598

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Lumen Technologies's fiber broadband — revenue not from contract with customer?
Lumen Technologies (LUMN) reported fiber broadband — revenue not from contract with customer of $17M in Q1 2026.
How has Lumen Technologies's fiber broadband — revenue not from contract with customer changed year-over-year?
Lumen Technologies's fiber broadband — revenue not from contract with customer increased by 466.7% year-over-year, from $3M to $17M.
What does fiber broadband — revenue not from contract with customer mean?
This metric captures revenue recognized within the segment that is derived from sources outside of standard customer service contracts, such as regulatory subsidies, equipment sales, or ancillary service fees. It highlights non-recurring or non-contractual income streams that supplement the core subscription-based business model. Monitoring this helps investors understand the portion of revenue that lacks the predictability of long-term service agreements.

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