analyzeportfolio
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
n/m
not meaningful: a reported loss in the fiscal year or the trailing twelve months
Market cap
$169.6M
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 214 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 183
Net margin-6.7%
34th percentile of 189
FCF margin-1.3%
25th percentile of 163
Revenue growth (YoY)-8.0%
19th percentile of 207
Short interest12.23d
96th percentile of 213

No reported insider transactions (codes P/S) in the last 90 days. 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)
0
code P
Bought (90d)
—
code P value
Sells (90d)
0
—
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-11
filed 2026-06-12
Herbert W. Moloney IIIDirectorSell24.0K$9.82$236K
2026-06-11
David Henry HoffmannDirectorBuy1.6K$9.82$15K
2026-06-10
filed 2026-06-11
David Henry HoffmannDirectorBuy1.5K$10.47$16K
2026-06-09
filed 2026-06-11
David Henry HoffmannDirectorBuy2.5K$10.80$27K
2026-06-08
David Henry HoffmannDirectorBuy6.9K$10.86$75K
2026-06-05
filed 2026-06-08
David Henry HoffmannDirectorBuy18.2K$10.85$197K
2026-06-04
filed 2026-06-08
David Henry HoffmannDirectorBuy18.2K$11.08$202K
2026-06-03
David Henry HoffmannDirectorBuy18.2K$10.58$193K
2026-06-02
filed 2026-06-03
David Henry HoffmannDirectorBuy18.2K$10.90$198K
2026-05-29
filed 2026-06-01
David Henry HoffmannDirectorBuy13.7K$11.74$161K
2026-05-28
filed 2026-06-01
David Henry HoffmannDirectorBuy13.7K$10.54$144K
2026-05-27
David Henry HoffmannDirectorBuy13.7K$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
512.4K
settled 2026-09-30
Change vs prior
-9.5%
vs previous settlement
Days to cover
12.23
at avg daily volume
Avg daily volume
41.9K
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-30512.4K-9.5%12.23
2026-09-15566.0K-3.8%16.56
2026-08-31588.1K+15.3%18.40
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

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 (tap or hover a figure to see how it was calculated or what was 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 (tap or hover a figure to see how it was calculated or what was 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

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 (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

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 FY2025-12.3%—
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 FY2024-3.3%—

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

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-K2026-09-30
View on EDGAR →
8-K2026-09-09
View on EDGAR →
8-K2026-08-11
View on EDGAR →
8-K2026-08-06
View on EDGAR →

Largest Communication Services peers

All Communication Services companies →

Monitor LEE

Get an alert when LEE ENTERPRISES files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor LEE free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

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.