What is the 13F Pro Quality Score for LUMN?

13F Pro ranks Lumen Technologies, Inc. (LUMN) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View LUMN's current score at https://13fpro.ai/company/LUMN (free sign-up required for the full ranking).

Which hedge funds own the most LUMN stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of LUMN include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/LUMN as soon as new 13F filings post.

Where does 13F Pro source LUMN data?

All Lumen Technologies, Inc. fundamentals and ownership data come directly from SEC EDGAR. Lumen Technologies, Inc. files with the SEC under CIK 18926. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is LUMN in?

Lumen Technologies, Inc. (LUMN) is classified in the Communication Services sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/communication-services.

What drives LUMN's revenue?

Per Lumen Technologies, Inc.'s latest 10-Q filed with the SEC on 2026-08-04, the biggest revenue drivers are: Business Revenue – Strategic ($1,289M, +14% YoY); Business Revenue – Legacy ($1,155M, -15% YoY); Mass Markets Revenue – Other Broadband ($192M, -22% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/LUMN.

What are LUMN's largest expenses?

Lumen Technologies, Inc.'s latest 10-Q reports these as the largest expense items: Cost of services and products (exclusive of depreciation and amortization) ($1,415M, -13% YoY); Selling, general and administrative ($779M, +3% YoY); Depreciation and amortization ($668M, -3% YoY). Sourced directly from SEC EDGAR filing text for Q2 2026 (quarter ended June 30, 2026).

How often is LUMN research updated on 13F Pro?

LUMN's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Lumen Technologies, Inc.(LUMN)Stock Analysis

AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →

Communication Services →NYSEmid

Institutional-grade research for retail investors

SEC EDGAR: CIK 18926 LUMN stock profile & AI dashboard →

13F Pro Quality Score

47.0/100

Rank #1,801 of 2,961 stocks

View Communication Services peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

10.0/100

Profitability

23.5/100

Balance Sheet

25.7/100

Earnings Quality

90.9/100

Free Cash Flow

47.9/100

Institutional Flow

66.8/100

Revenue Scale

87.8/100

Dilution Risk

79.0/100

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Why LUMN Scores 47/100

exact factor attribution · 2026-09-11

LUMN's composite is driven by scale and earnings quality, held back by revenue growth and profitability. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Scale

+5.7 pts

88th pct

Earnings quality

+4.1 pts

91th pct

Shareholder dilution

+1.4 pts

79th pct

Institutional flow

+0.8 pts

67th pct

Free cash flow

-0.3 pts

48th pct

Earnings growth

-0.4 pts

43th pct

Capital efficiency

-2.4 pts

26th pct

Profitability

-4.0 pts

24th pct

Revenue growth

-8.0 pts

10th pct

Latest change (2026-08-04): 40 → 35 · ↓ Free cash flow 74→20

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

LUMN Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for Lumen Technologies, Inc. (LUMN), a Communication Services sector company. 13F Pro's AI-powered ranking engine scores LUMN at 47.0/100 on a 32-signal composite quality model, placing it at rank #1,801 of 2,961 stocks — the bottom half of the AI-ranked universe. LUMN scores in the top quartile across earnings quality (90.9), revenue scale (87.8). Areas of concern include revenue growth (10.0) and profitability (23.5), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), Lumen Technologies, Inc. reports quarterly revenue of $2.8B, net income of $-201.0M, free cash flow of $69.0M. Top institutional holders of LUMN by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. LUMN trades on the NYSE exchange and files with the SEC under CIK 18926. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LUMN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Lumen Technologies, Inc. directly from SEC EDGAR. Lumen Technologies, Inc.'s 13F Pro composite quality score has ranged between 30 and 61 since 2021, currently 47.0 — a declining long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about Lumen Technologies, Inc.

Quirks, history, and lore behind LUMN — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. telecommunications company · large-cap · listed on NYSE · headquartered in Louisiana.
2
The Numbers
Annual revenue of roughly $14–15 billion, yet the company carries a heavy debt load from years of acquisitions — interest payments alone are a serious workout.
3
The History
Its roots go back over 100 years as a regional phone company in the rural South; it grew into a national player through a string of major telecom mergers, including swallowing a former Baby Bell rival.
4
The Secret
Its real business today is selling fiber and enterprise networking to large businesses and governments — not your grandma's local phone company anymore, even if it once was.
5
The Lore
The company rebranded from CenturyLink in 2020, choosing a name meant to evoke connectivity and light — which was optimistic, given its stock price trajectory.
6
The Giveaway
Once the third-largest telecom in America, this Monroe, Louisiana-based company trades under the ticker LUMN and is trying very hard to convince Wall Street its fiber future is bright.

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What's Driving LUMN's Business? Latest 10-Q Breakdown

✓ 36/36 datapoints verified

AI-extracted from Lumen Technologies, Inc.'s 10-Q filed 2026-08-04 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Q2 revenue fell 9% YoY to $2.8B as legacy services decline offset strategic product growth; net loss of $201M.

Biggest Revenue Drivers

Business Revenue – Strategic$1,289M+14% YoY

Dark fiber and conduit revenue increased $109M; IP services increased $17M.

Business Revenue – Legacy$1,155M-15% YoY

VPN services declined $70M; voice and private line services declined $83M.

Biggest Revenue Drivers

Total revenue: $2,805M-9% YoY

Business Revenue – Strategic$1,289M+14% YoY

Dark fiber and conduit revenue increased $109M; IP services increased $17M.

Business Revenue – Legacy$1,155M-15% YoY

VPN services declined $70M; voice and private line services declined $83M.

Mass Markets Revenue – Other Broadband$192M-22% YoY

Fewer low-speed copper-based broadband customers.

Mass Markets Revenue – Fiber Broadband$17M-92% YoY

Fewer Mass Market subscribers from divestiture of Fiber-to-the-Home business in Territory.

Mass Markets Revenue – Voice and Other$152M+9% YoY

FCC Rural Digital Opportunity Fund program withdrawal impact offset by voice revenue declines.

Largest Expense Items

Cost of services and products (exclusive of depreciation and amortization)$1,415M-13% YoY

Network expense decreased $104M; employee-related expenses decreased $141M.

Selling, general and administrative$779M+3% YoY

Employee-related expenses increased $38M; hardware and software expenses increased $30M.

Depreciation and amortization$668M-3% YoY

Discontinuation of depreciation on Mass Markets Fiber-to-the-Home assets held for sale.

Margins: Operating margin improved significantly due to the gain on the Mass Markets Fiber-to-the-Home divestiture ($565M for six months) and reduced network and labor costs from the business sale. However, Q2 alone showed operating loss of $88M as legacy services continue to decline faster than strategic growth offsets the margin pressure.

Watch Items from the Filing

Mass Markets Fiber-to-the-Home divestiture closed February 2, 2026 for $5.72B; divested business represented $200M+ quarterly revenue decline and eliminates ~$1B annual capex benefit going forward.
Legacy revenue declined 15% YoY in Q2; VPN and voice/private line services falling $70M–$83M quarterly; strategic products growing only 14%, insufficient to offset legacy contraction.
Total debt reduced to $13.35B from $17.4B at year-end 2025; applied $4.8B divestiture proceeds to debt repurchase; interest expense fell 41% YoY to $201M in Q2.
Alkira acquisition closed July 1, 2026 for $487M; acquisition provides cloud-native networking platform for multi-cloud connectivity; integration risks and synergy realization uncertain.
Lead-sheathed cable litigation ongoing; multiple shareholder class actions, derivative suits, and environmental lawsuits filed; no accrual established; Latin American tax indemnification exposure up to $86M beyond accrued amount.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$2.8B

Net Income

Q2 2026

$-201.0M

Free Cash Flow

Q2 2026

$69.0M

ROIC

Q2 2026

-3.0%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

-5.4% YoY

$12.40BFY 2025

FY22 $17.48BFY23 $14.56BFY24 $13.11BFY25 $12.40B

Net Income

-3061.8% YoY

$-1.74BFY 2025

FY22 $-1.55BFY23 $-10.30BFY24 $-55.0MFY25 $-1.74B

Operating Income

-276.5% YoY

$-812.0MFY 2025

FY22 $95.0MFY23 $-9.58BFY24 $460.0MFY25 $-812.0M

EPS (Diluted)

-2816.7% YoY

$-1.75FY 2025

FY22 $-1.54FY23 $-10.48FY24 $-0.06FY25 $-1.75

Total Assets

+2.5% YoY

$34.34BFY 2025

FY22 $45.58BFY23 $34.02BFY24 $33.50BFY25 $34.34B

Total Debt

-2.6% YoY

$17.44BFY 2025

FY22 $20.57BFY23 $19.99BFY24 $17.91BFY25 $17.44B

Op. Cash Flow

+9.3% YoY

$4.74BFY 2025

FY22 $4.74BFY23 $2.16BFY24 $4.33BFY25 $4.74B

Free Cash Flow

-66.3% YoY

$371.0MFY 2025

FY22 $1.72BFY23 $-940.0MFY24 $1.10BFY25 $371.0M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$12.40B -5.4%	$13.11B -10.0%	$14.56B -16.7%	$17.48B -11.2%	$19.69B -4.9%	$20.71B
Net Income	$-1.74B -3061.8%	$-55.0M +99.5%	$-10.30B -565.2%	$-1.55B -176.1%	$2.03B +265.0%	$-1.23B
Operating Income	$-812.0M -276.5%	$460.0M +104.8%	$-9.58B -10188.4%	$95.0M -97.8%	$4.29B +345.4%	$962.0M
EPS (Diluted)	$-1.75 -2816.7%	$-0.06 +99.4%	$-10.48 -580.5%	$-1.54 -180.6%	$1.91 +267.5%	$-1.14
Total Assets	$34.34B +2.5%	$33.50B -1.5%	$34.02B -25.4%	$45.58B -21.4%	$57.99B -2.4%	$59.39B
Total Debt	$17.44B -2.6%	$17.91B -10.4%	$19.99B -2.8%	$20.57B -29.0%	$28.98B -9.0%	$31.84B
Operating Cash Flow	$4.74B +9.3%	$4.33B +100.6%	$2.16B -54.4%	$4.74B -27.2%	$6.50B -0.4%	$6.52B
Free Cash Flow	$371.0M -66.3%	$1.10B +217.2%	$-940.0M -154.7%	$1.72B -52.3%	$3.60B +28.8%	$2.79B

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Available Research

13F Pro tracks comprehensive data for Lumen Technologies, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of LUMN

BlackRock, Inc.
$1.1B142,261,845 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$472.1M61,471,506 sh
STATE STREET CORP
$368.7M48,003,189 sh
FMR LLC
$348.1M45,326,716 sh
VANGUARD CAPITAL MANAGEMENT LLC
$322.9M42,038,158 sh
GEODE CAPITAL MANAGEMENT, LLC
$191.1M24,824,381 sh
D. E. Shaw & Co., Inc.
$134.4M17,493,715 sh
GOLDMAN SACHS GROUP INC
$130.4M16,979,054 sh
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
$122.6M15,969,245 sh
DIMENSIONAL FUND ADVISORS LP
$112.2M14,609,695 sh

Fund	Value	Shares
BlackRock, Inc.	$1.1B	142,261,845
VANGUARD PORTFOLIO MANAGEMENT LLC	$472.1M	61,471,506
STATE STREET CORP	$368.7M	48,003,189
FMR LLC	$348.1M	45,326,716
VANGUARD CAPITAL MANAGEMENT LLC	$322.9M	42,038,158
GEODE CAPITAL MANAGEMENT, LLC	$191.1M	24,824,381
D. E. Shaw & Co., Inc.	$134.4M	17,493,715
GOLDMAN SACHS GROUP INC	$130.4M	16,979,054
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$122.6M	15,969,245
DIMENSIONAL FUND ADVISORS LP	$112.2M	14,609,695

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Is LUMN a good stock to buy?

13F Pro's AI-powered analysis of Lumen Technologies, Inc. (LUMN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Communication Services sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for LUMN are available on the LUMN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. LUMN is classified as a mid company.

Which hedge funds own LUMN?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling LUMN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Lumen Technologies, Inc.'s investment landscape.