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Lumen Technologies LUMN Voice and Other — Revenue Not from Contract with Customer

Other product segments

Strategic
$240M
Legacy
$41M
Fiber Broadband
$17M+467%
Other Broadband
$2M-91.7%

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BOKFFees and commissions revenue — Revenue Not from Contract with Customer
$60.31M+26.0%

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 voice and other — revenue not from contract with customer?
Lumen Technologies (LUMN) reported voice and other — revenue not from contract with customer of $1M in Q1 2026.
How has Lumen Technologies's voice and other — revenue not from contract with customer changed year-over-year?
Lumen Technologies's voice and other — revenue not from contract with customer decreased by 88.9% year-over-year, from $9M to $1M.
What is the long-term trend for Lumen Technologies's voice and other — revenue not from contract with customer?
Over 4 years (2021 to 2025), Lumen Technologies's voice and other — revenue not from contract with customer has grown at a -55.6% compound annual growth rate (CAGR), from $619M to -$24M.
What does voice and other — revenue not from contract with customer mean?
This metric captures revenue recognized within the Voice and Other segment that does not arise from formal customer contracts, such as regulatory settlements, universal service fund receipts, or other non-contractual adjustments. It reflects the volatility and unpredictability of non-core income streams that are often tied to regulatory environments or legacy accounting adjustments. Investors monitor this to distinguish between core operational growth and one-time or non-recurring financial inflows.

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