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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$6.09B+57.7%
Enterprise value$17.87B-16.5%
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:SellingGeneralAndAdministrativeExpense.

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 itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
OPERATING REVENUE$2,8993,182
OPERATING EXPENSES
Cost of services and products (exclusive of depreciation and amortization)1,4351,687
Selling, general and administrative794675
Net gain on sale of business(596)
Depreciation and amortization664713
Total operating expenses2,2973,075
OPERATING INCOME602107

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Lumen Technologies's SG&A?
Lumen Technologies (LUMN) reported SG&A of $794M in Q1 2026.
How has Lumen Technologies's SG&A changed year-over-year?
Lumen Technologies's SG&A increased by 17.6% year-over-year, from $675M to $794M.
What is the long-term trend for Lumen Technologies's SG&A?
Over 4 years (2021 to 2025), Lumen Technologies's SG&A has grown at a 2.5% compound annual growth rate (CAGR), from $2.9B to $3.2B.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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