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Lumen Technologies LUMN Strategic — Revenue Not from Contract with Customer

Other product segments

Legacy

$41M—

Fiber Broadband

$17M+467%

Other Broadband

$2M-91.7%

Voice and Other

$1M-88.9%

Similar metrics at other companies

TPGRevenue Not from Contract with Customer

-$120.02M-124%

LNTHStrategic Partnerships And Other — Revenue

$16.34M+52.1%

IMORevenue from contracts outside the scope of ASC Topic 606

$2.58B+10.9%

MNSTStrategic Brands — Revenue

$126.72M+28.9%

TPGRevenue from contracts outside the scope of ASC Topic 606

-$120.02M-124%

GMRevenue from contracts outside the scope of ASC Topic 606

$4.28B+2.8%

Other financials

Income statement

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

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

Operating cash flow$1.3B+20.8%

CapEx$943.0M+19.2%

Free cash flow$380.0M+25.0%

Valuation

Market cap$8.45B+79.1%

Enterprise value$20.23B-9.8%

P/S0.7×+0.3×

Profitability

Gross margin47.3%-0.9pp

Operating margin-2.6%-6.6pp

Net margin-14.3%—

FCF margin-3.9%-9.2pp

Returns & leverage

Return on equity-170.9%+20.5pp

Debt / equity65.4×+26.1×

Current ratio1×-0.2×

Where this comes from

Reported directly by Lumen Technologies in its filing.

Tagged under the XBRL concept us-gaap:RevenueNotFromContractWithCustomer.

The official record: Lumen Technologies’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lumen Technologies's strategic — revenue not from contract with customer?: Lumen Technologies (LUMN) reported strategic — revenue not from contract with customer of $240M in Q1 2026.
What does strategic — revenue not from contract with customer mean?: This metric captures revenue recognized within the strategic segment that falls outside the scope of standard customer contracts, such as regulatory settlements, equipment sales, or non-recurring service fees. It highlights the portion of strategic income that is not tied to recurring subscription or service agreements. Investors monitor this to distinguish between stable, contract-backed growth and more volatile or one-time revenue sources.