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Nasdaq · Communication Services

LEE ENTERPRISES, Inc (LEE)

As-reported financials and SEC filings for LEE ENTERPRISES, Inc. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About LEE ENTERPRISES, Inc

Lee Enterprises, Inc operates as a digital-first subscription and marketing services company providing local news and information to 72 mid-sized communities across 25 states. The company offers digital and print newspapers, digital subscription platforms, and marketing solutions including AI-powered advertising and data-driven campaigns. It serves more than 20,000 local advertisers and over 633,000 digital-only subscribers through its portfolio of media products and services.

Snapshot

Revenue
$562.3M
Revenue growth (YoY)
-8.0%
Net income
$-37.6M
Diluted EPS
$-6.20
Gross margin
Operating margin
-0.8%
Net margin
-6.7%
FCF margin
-1.3%
ROE
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$186.6M
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended September 28, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at LEE ENTERPRISES

  • Revenue fell 8.0% to $562M in FY2025, after a 11.5% decline the year before.
  • Operating margin is now a 0.8% loss in FY2025, from 7.1% in FY2021.
  • Most recent quarter Q3 FY2026: revenue $126M, down 10.8% from Q3 FY2025.
  • Free cash flow was negative $7M in FY2025.
  • Net loss widened to $38M in FY2025, from $26M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where LEE ENTERPRISES’s fundamentals sit among the 216 Communication Services companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin-0.8%
42nd percentile of 185
Net margin-6.7%
33rd percentile of 191
FCF margin-1.3%
25th percentile of 164
Revenue growth (YoY)-8.0%
19th percentile of 209
Short interest12.03d
95th percentile of 216

6 reported insider purchases (code P) totaling $532,415 in the last 90 days, against 1 sale totaling $235,680. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 quant / multi-strat book among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+1 quant / multi-strat
Initiated / added
0
0 new, 0 added
Reduced / exited
2
1 trimmed, 1 exited
Combined position
$115,942
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$115,94212.9KReduced

No longer held by: Millennium Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
6
1 insider
Bought (90d)
$532K
code P value
Sells (90d)
1
$236K
Reported activity
Net buying
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-11
filed 2026-06-12
MOLONEY HERBERT W IIIDirectorSell24.0K$9.82$236K
2026-06-11
Hoffmann David HenryDirectorBuy1.6K$9.82$15K
2026-06-10
filed 2026-06-11
Hoffmann David HenryDirectorBuy1.5K$10.47$16K
2026-06-09
filed 2026-06-11
Hoffmann David HenryDirectorBuy2.5K$10.80$27K
2026-06-08
Hoffmann David HenryDirectorBuy6.9K$10.86$75K
2026-06-05
filed 2026-06-08
Hoffmann David HenryDirectorBuy18.2K$10.85$197K
2026-06-04
filed 2026-06-08
Hoffmann David HenryDirectorBuy18.2K$11.08$202K
2026-06-03
Hoffmann David HenryDirectorBuy18.2K$10.58$193K
2026-06-02
filed 2026-06-03
Hoffmann David HenryDirectorBuy18.2K$10.90$198K
2026-05-29
filed 2026-06-01
Hoffmann David HenryDirectorBuy13.7K$11.74$161K
2026-05-28
filed 2026-06-01
Hoffmann David HenryDirectorBuy13.7K$10.54$144K
2026-05-27
Hoffmann David HenryDirectorBuy13.7K$10.05$138K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
510.1K
settled 2026-08-14
Change vs prior
-1.6%
vs previous settlement
Days to cover
12.03
at avg daily volume
Avg daily volume
42.4K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-14510.1K-1.6%12.03
2026-07-31518.2K-7.1%9.66
2026-07-15558.0K+37.0%7.42
2026-06-30407.1K+129.0%3.04
2026-06-15177.8K+27.2%2.85
2026-05-29139.8K+7.0%1.69
2026-05-15130.6K+30.9%2.26
2026-04-3099.8K-12.3%4.09

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$562.3M$611.4M$691.1M$781.0M$794.6M
Gross profit
Operating income$-4.7M$4.5M$37.2M$24.9M$56.6M
Net income$-37.6M$-25.8M$-5.3M$-2.0M$22.7M
Diluted EPS$-6.20$-4.35$-0.90$-0.35$3.90

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-5.5M$1.1M$-3.2M$2.9M$50.1M
Capital expenditure$1.5M$9.2M$5.1M$7.5M$7.5M
Free cash flow$-7.1M$-8.1M$-8.3M$-4.7M$42.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$126.0M-10.8%$4.7M$0.21
Q2 FY2026$122.0M-11.2%$-2.1M$-0.16
Q1 FY2026$130.1M-10.0%$-5.6M
Q4 FY2025$139.1M-12.3%$-6.4M
Q3 FY2025$141.3M-6.2%$-1.9M
Q2 FY2025$137.4M-6.3%$-12.5M
Q1 FY2025$144.6M-7.1%$-16.7M
Q4 FY2024$158.6M-3.3%$-10.1M

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorCommunication Services
SIC industryNewspapers: Publishing or Publishing & Printing
Latest annual periodFY2025 (ended September 28, 2025)
Latest reported quarterQ3 FY2026 (ended June 28, 2026)
Oldest indexed filing2009
SEC CIK58361

Selected SEC filings

10-Q2026-08-07
View on EDGAR →
10-Q2026-05-08
View on EDGAR →
8-K2026-08-11
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-07-24
View on EDGAR →

Largest Communication Services peers

All Communication Services companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.