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QWEST CORP

EDGAR
CTGG Quarterly report (10-Q) · filed 2026-05-05

Annual consolidated revenue for 2025: about USD 4.485B, using the latest reported figures. The previous period, 2024, was about USD 5.223B.

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Watchlist

Latest quarter

Revenue

986 million USD

2026 Q1 · USD

Exact inputs and evidence

Operating margin

4.77%

2026 Q1 · %

Exact inputs and evidence
  • Operating Income: 47000000 USD Source
  • Revenue: 986000000 USD Source

Operating cash flow

264 million USD

2026 Q1 · USD

Exact inputs and evidence
  • Operating Cash Flow: 264000000 USD Source
Cash and cash equivalents
56 million USD Source
Exact value

56000000 USD

Long-term debt including current maturities
2.16 billion USD Source
Exact value

2156000000 USD

Shares outstanding
1 shares Source
Exact value

1 shares

Reported share-count change

0.00% · 0 shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 1 shares · 2025-03-31· Source
  • 1 shares · 2026-03-31· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

4.32 billion USD

2025-04-01 – 2026-03-31

Exact inputs and evidence
  • Revenue: 1140000000 USD · 2025-04-01 – 2025-06-30 Source
  • Revenue: 1092000000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 4485000000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 3384000000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 986000000 USD · 2026-01-01 – 2026-03-31 Source

Net income

-1.84 billion USD

2025-04-01 – 2026-03-31

Exact inputs and evidence
  • Net income: 277000000 USD · 2025-04-01 – 2025-06-30 Source
  • Net income: 176000000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: -1327000000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 737000000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: -226000000 USD · 2026-01-01 – 2026-03-31 Source

Operating cash flow

1.57 billion USD

2025-04-01 – 2026-03-31

Exact inputs and evidence
  • Operating cash flow: 933000000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 453000000 USD · 2025-01-01 – 2025-03-31 Source
  • Operating cash flow: 1360000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 933000000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 1762000000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 1360000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 264000000 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-05-05.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 4 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • liabilities: No compatible figures in this window
  • Current assets: 11 of 11 periods available· newest 2025-12-31
  • Current liabilities: 11 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 3 of 11 periods available· newest 2021-12-31
  • Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -14.1%

    Prior period

    USD 5.22 billion

    –

    Current period

    USD 4.49 billion

    –

    Exact inputs and evidence

    4485000000 − 5223000000 = -738000000 USD

    5223000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    4485000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    -189.2%

    Prior period

    USD 1.49 billion

    –

    Current period

    −USD 1.33 billion

    –

    Exact inputs and evidence

    -1327000000 − 1487000000 = -2814000000 USD

    1487000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -1327000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    -19.7%

    Prior period

    USD 2.19 billion

    –

    Current period

    USD 1.76 billion

    –

    Exact inputs and evidence

    1762000000 − 2194000000 = -432000000 USD

    2194000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1762000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 4.49 billion 100% of revenue
  • Operating costs Derived USD 5.49 billion 122% of revenue
  • Operating income −USD 1.01 billion −22% of revenue
  • Tax, interest and other Derived USD 318 million 7.1% of revenue
  • Net income −USD 1.33 billion −30% of revenue

Cash

  • Operating cash flow USD 1.76 billion 39% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Not shown: operating income or net income is not reported.
  • 2017 Not shown: operating income or net income is not reported.
  • 2018 20%12%68%
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Operating loss: operating costs were 103% of revenue.
  • 2024 28%11%61%
  • 2025 Operating loss: operating costs were 122% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-318910000000 6586000000 Derived 2324000000 UnavailableUnavailableUnavailable
Source
2017 2017-01-01 – 2017-12-318550000000 6237000000 Derived 2313000000 UnavailableUnavailableUnavailable
Source
2018 2018-01-01 – 2018-12-318395000000 5735000000 Derived 2660000000 995000000 Derived 1665000000 Unavailable
Source
2019 2019-01-01 – 2019-12-317555000000 4671000000 Derived 2884000000 UnavailableUnavailableUnavailable
Source
2020 2020-01-01 – 2020-12-316834000000 4123000000 Derived 2711000000 UnavailableUnavailableUnavailable
Source
2021 2021-01-01 – 2021-12-316468000000 3360000000 Derived 3108000000 UnavailableUnavailableUnavailable
Source
2022 2022-01-01 – 2022-12-316076000000 3321000000 Derived 2755000000 UnavailableUnavailableUnavailable
Source
2023 2023-01-01 – 2023-12-315600000000 5795000000 Derived -195000000 636000000 Derived -831000000 Unavailable
Source
2024 2024-01-01 – 2024-12-315223000000 3172000000 Derived 2051000000 564000000 Derived 1487000000 Unavailable
Source
2025 2025-01-01 – 2025-12-314485000000 5494000000 Derived -1009000000 318000000 Derived -1327000000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 4.5B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.9.6B7.2B4.8B2.4B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue8910000000
2017Revenue8550000000
2018Revenue8395000000
2019Revenue7555000000
2020Revenue6834000000
2021Revenue6468000000
2022Revenue6076000000
2023Revenue5600000000
2024Revenue5223000000
2025Revenue4485000000

Revenue growth

Change in revenue from the same financial period one year earlier.

-14.1% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.1%-3.0%-7.1%-11.2%-15.3%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year-0.6%
2017Year over year-4%
2018Year over year-1.8%
2019Year over year-10%
2020Year over year-9.5%
2021Year over year-5.4%
2022Year over year-6.1%
2023Year over year-7.8%
2024Year over year-6.7%
2025Year over year-14.1%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -22.5% 2025
Net margin -29.6% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.54%32%9%-13%-36%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin26.1%
2017Operating margin27.1%
2018Operating margin31.7%
2019Operating margin38.2%
2020Operating margin39.7%
2021Operating margin48.1%
2022Operating margin45.3%
2023Operating margin-3.5%
2024Operating margin39.3%
2025Operating margin-22.5%
2016-12-31Net marginNot reported
2017-12-31Net marginNot reported
2018Net margin19.8%
2019-12-31Net marginNot reported
2020-12-31Net marginNot reported
2021-12-31Net marginNot reported
2022-12-31Net marginNot reported
2023Net margin-14.8%
2024Net margin28.5%
2025Net margin-29.6%
2016Free cash flow marginNot reported
2017Free cash flow marginNot reported
2018Free cash flow marginNot reported
2019Free cash flow marginNot reported
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 1.8B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.4.1B3.1B2.0B1.0B0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow2652000000
2017Operating cash flow2435000000
2018Operating cash flow3791000000
2019Operating cash flow3332000000
2020Operating cash flow3071000000
2021Operating cash flow3033000000
2022Operating cash flow2626000000
2023Operating cash flow2389000000
2024Operating cash flow2194000000
2025Operating cash flow1762000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flowUnavailable
2017Free cash flowUnavailable
2018Free cash flowUnavailable
2019Free cash flowUnavailable
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Liabilities / assetsNot reported
2017-12-31Liabilities / assetsNot reported
2018-12-31Liabilities / assetsNot reported
2019-12-31Liabilities / assetsNot reported
2020-12-31Liabilities / assetsNot reported
2021-12-31Liabilities / assetsNot reported
2022-12-31Liabilities / assetsNot reported
2023-12-31Liabilities / assetsNot reported
2024-12-31Liabilities / assetsNot reported
2025-12-31Liabilities / assetsNot reported

Current assets to current liabilities

Current assets divided by current liabilities.

6.9× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.7.45×5.59×3.73×1.86×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities0.61×
2017Current assets / current liabilities0.81×
2018Current assets / current liabilities0.81×
2019Current assets / current liabilities0.73×
2020Current assets / current liabilities0.14×
2021Current assets / current liabilities0.24×
2022Current assets / current liabilities1.4×
2023Current assets / current liabilities0.44×
2024Current assets / current liabilities1.35×
2025Current assets / current liabilities6.9×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
Unavailable Not reported for this period.
USD 2.65 billion
Exact value

Exact value: 2652000000 USD

2016-01-01 – 2016-12-31: 2652000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2017 2017-01-01 – 2017-12-31
Unavailable Not reported for this period.
USD 2.44 billion
Exact value

Exact value: 2435000000 USD

2017-01-01 – 2017-12-31: 2435000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2018-01-01 – 2018-12-31
USD 1.67 billion
Exact value

Exact value: 1665000000 USD

2018-01-01 – 2018-12-31: 1665000000 USD Inspect Net Income Open source
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USD 3.79 billion
Exact value

Exact value: 3791000000 USD

2018-01-01 – 2018-12-31: 3791000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2019 2019-01-01 – 2019-12-31
Unavailable Not reported for this period.
USD 3.33 billion
Exact value

Exact value: 3332000000 USD

2019-01-01 – 2019-12-31: 3332000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2020-01-01 – 2020-12-31
Unavailable Not reported for this period.
USD 3.07 billion
Exact value

Exact value: 3071000000 USD

2020-01-01 – 2020-12-31: 3071000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2021-01-01 – 2021-12-31
Unavailable Not reported for this period.
USD 3.03 billion
Exact value

Exact value: 3033000000 USD

2021-01-01 – 2021-12-31: 3033000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2022-01-01 – 2022-12-31
Unavailable Not reported for this period.
USD 2.63 billion
Exact value

Exact value: 2626000000 USD

2022-01-01 – 2022-12-31: 2626000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2023-01-01 – 2023-12-31
−USD 831 million
Exact value

Exact value: -831000000 USD

2023-01-01 – 2023-12-31: -831000000 USD Inspect Net Income Open source
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USD 2.39 billion
Exact value

Exact value: 2389000000 USD

2023-01-01 – 2023-12-31: 2389000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
USD 1.49 billion
Exact value

Exact value: 1487000000 USD

2024-01-01 – 2024-12-31: 1487000000 USD Inspect Net Income Open source
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USD 2.19 billion
Exact value

Exact value: 2194000000 USD

2024-01-01 – 2024-12-31: 2194000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
−USD 1.33 billion
Exact value

Exact value: -1327000000 USD

2025-01-01 – 2025-12-31: -1327000000 USD Inspect Net Income Open source
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USD 1.76 billion
Exact value

Exact value: 1762000000 USD

2025-01-01 – 2025-12-31: 1762000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

140 filings · 3,721 latest values · 3,721 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000068622, 68622, CTGG, CTHH, edgar:68622

Also known as QWEST CORPORATION, QWEST CORP, QWEST CORPORATION, Qwest Corp, U S WEST COMMUNICATIONS INC