A company still losing money with shrinking sales.
Watch out for
Owes more than it owns (negative equity)
Losing money
Money moves
No insider buying or selling in the last 30 days
Institutions added 0.8% to their holdings in the quarter ending June 2026 (276 bought, 235 sold)
Held by Ray Dalio (Bridgewater)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$4.44-2.6% that day
Company value
$4.6B
Share price times all shares
Price vs sales
0.39x
No profit over the last year, so this compares value with sales instead
Cash vs value
41%
A big cushion: cash is a large part of what the company is worth
Debt vs value
379%
Owes more than the whole company is worth
From LUMN's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26
$2.8B-9.3% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $11.8B, down 7.7% from the 12 months before. Over 5 years, sales shrank about 9.7% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of LUMN. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$7.8B
Profit in 5 years$780M
Price these guesses point to$11.34+155% vs $4.44 todayAbout +21% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 24% a year for 5 years and still match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
Forum talk counts mentions of LUMN in popular online stock forums, a slice of the internet rather than all of it. Company lookups show interest in the company itself, which can come from news that isn't about the stock. Attention isn't quality.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/5Weak
MissDebt under half of equityNot relying on borrowed money.Owes more than it owns
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-14.0%
MissProfitable every yearSteady profits, not one good year.3 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$4.7B
PassShare count not growingNot diluting owners. Falling means buybacks.-1.3% in 3 years
Revenue
$12.4B
-5.4% vs prior year
5-year growth
-9.7%/yr
revenue, per year
Total debt
$17.4B
Current ratio
1.80x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 4
Revenue
$2.8B
-9.3% YoY
EPS
-$0.20
vs -$0.92
Op. margin
-3.1%
+16.4 pts
Gross margin
49.6%
+2.1 pts
Free cash flow
$69.0M
Share count
+1.0%
vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
56/ 100
This week
1
Normal week
0.8
vs normal
1.3x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+0.8%
Institutions added 0.8% to their holdings. 276 bought, 235 sold.
Shares held by institutions728.8M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.8%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
1.0B
Why high risk
Losing money
Owes more than it owns (negative equity)
Bills due within a year exceed short-term assets
1 offering filing in 6 months (may sell new shares)
Exchange listing notice (a delisting warning or a move to another exchange)
Earnings reports
Last 12
Next reportIn 1 days (est.)Estimated from the same quarter last year
Results filedAug 4
Results filedMay 5
Results filedFeb 3
Results filedOct 30, 2025
Results filedJul 31, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days