All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
2 warning events since 2017; the latest 2026-09-25.
From the record
Lumen Technologies, Inc.'s filings since 2017 show 2 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2026-09-25); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2019-03-04) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
-3.7% a year over 10 filed years; profitable in 3 of 10.
From the record
Lumen Technologies, Inc.'s 10 filed years say what it did: revenue went from $17 billion in fiscal 2016 to $12 billion in fiscal 2025, down 3.7% a year; it rose in 2 of 9 years; the deepest fall was 45% from fiscal 2018 to fiscal 2025; net income was positive in 3 of 10 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count shrank 0.4% a year. 0% of cash flow returned. Insiders: 1 sales, 4 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, Lumen Technologies, Inc.'s diluted share count shrank about 0.4% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 1 sale and 4 purchases of their own stock on the open market in the year to 2026-11-09, buying about $2 million (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
Leverage 103%: owes 103¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Lumen Technologies, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 17 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 103 cents per dollar of assets, and net share issuance: its share count grew 0.7% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 36% of 19 in its family; net margin -14%.
From the record
Lumen Technologies, Inc.'s standing among 19 graded names in its industry family: revenue of $12 billion in fiscal 2025 ranks in the top 19% by size; a net margin of -14% ranks in the bottom 13%; revenue growth of -10.8% a year over the last 3 filed years ranks in the bottom 13% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
bottom 36% of 11 in its family for leadership; chief executive since 2022.
From the record
Lumen Technologies, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Johnson, Kathleen E (Chief Executive Officer, as filed), filing under that title since 2022-11-07, 4 years (top 35% of its family); the 17 officers and directors filing in the last fifteen months have been on the record a median of 2 years (bottom 5%); 12 officer or director changes were reported on Form 8-K since 2023-11-13, against the 17 people in charge now (bottom 38%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 32% of 19 in its family for room to expand.
From the record
Lumen Technologies, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $1.0 billion against debt of $17 billion leaves -47.6% of its assets as net cash, bottom 13% of its family; cash from operations less capital spending is 3% of revenue (bottom 24%); a gross margin of 46.5% (top 39%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 41% of 19 in its family for growth drivers.
From the record
Lumen Technologies, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -10.8% a year over the last three filed years against -3.7% over all 10, slowing (bottom 29% of its family); the newest year grew -5.4% (bottom 13%); capital spending grew 13.1% a year (top 21%) (its annual reports). Lumen Technologies, Inc. reported 2 lines of business in fiscal 2025: Business at $9.9 billion (80%), Mass Market at $2.5 billion (20%); 0 of 2 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
top 32% of 17 in its family for expectations against reality.
From the record
Lumen Technologies, Inc.'s newest year against its own record: revenue of $12 billion in fiscal 2025 came in 9.2% above the $11 billion its prior three years' pace pointed to (top 21% of its family); net income of $1.7 billion against a prior three-year average of $4.0 billion (top 44%); a net margin of -14% against -26.7% before (top 32%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made