Lee Enterprises, Incorporated (LEE) Income Statement
LEE FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsLEE revenue and net income
Where LEE's revenue goes
FY2025Each bar shows an amount and its share of revenue. LEE kept −6.7% of revenue as net income.
LEE profit margins
LEE growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −8.0% | −10.4% | −1.9% | −1.4% |
| Gross profit | −7.6% | −9.9% | −1.5% | −1.2% |
| Operating income | −34.7% | −27.3% | −16.9% | −15.7% |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LEE quarterly EPS vs estimates
Lee Enterprises beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 25, 2026.
LEE income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $562.3M | $611.4M | $691.1M | $781.0M | $794.6M | $618.0M | $509.9M | $544.0M | $566.9M | $614.4M |
| Cost of revenue | $13.0M | $16.8M | $25.3M | $30.1M | $29.8M | $24.2M | $22.2M | $24.9M | $24.9M | $26.1M |
| Gross profit | $549.4M | $594.6M | $665.8M | $750.9M | $764.9M | $593.8M | $487.6M | $519.0M | $542.0M | $588.3M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $469.0M | $510.3M | $323.1M | $317.8M | $700.2M | $532.7M | $182.9M | $199.2M | $213.1M | $229.8M |
| Total operating expenses | $529.5M | $564.1M | $620.6M | $699.2M | $708.3M | $543.5M | $412.9M | $433.3M | $452.9M | $484.3M |
| Operating income | $19.9M | $30.4M | $45.2M | $51.6M | $56.6M | $50.3M | $74.7M | $85.7M | $89.1M | $104.0M |
| Interest income | — | — | — | — | — | $59.7M | $54.7M | $58.2M | $62.4M | $70.2M |
| Interest expense | $40.5M | $41.2M | $41.5M | $41.8M | $44.8M | $59.7M | $54.7M | $52.8M | $57.6M | $64.2M |
| Income before taxes | −$42.6M | −$31.2M | −$3.1M | $795,000 | $32.0M | $2.8M | $23.8M | $30.8M | $40.2M | $58.2M |
| Income taxes | −$6.9M | −$7.6M | −$349,000 | $698,000 | $7.3M | $3.0M | $7.9M | −$16.2M | $11.6M | $22.2M |
| Net income | −$37.6M | −$25.8M | −$5.3M | −$2.0M | $22.7M | −$2.0M | $14.3M | $45.8M | $27.5M | $35.0M |
| EBITDA | $16.7M | $37.7M | $69.0M | $79.1M | $119.7M | $86.7M | $100.7M | $115.4M | $139.1M | $165.9M |
| EPS (diluted) | −$6.24 | −$4.30 | −$0.13 | $0.63 | $1.38 | −$0.05 | $0.19 | $1.95 | $0.62 | $4.30 |
| Gross margin | 97.7% | 97.2% | 96.3% | 96.1% | 96.3% | 96.1% | 95.6% | 95.4% | 95.6% | 95.8% |
| Operating margin | 3.5% | 5.0% | 6.5% | 6.6% | 7.1% | 8.1% | 14.7% | 15.8% | 15.7% | 16.9% |
| Net margin | −6.7% | −4.2% | −0.8% | −0.3% | 2.9% | −0.3% | 2.8% | 8.4% | 4.8% | 5.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $126.0M | $122.0M | $130.1M | $139.1M | $141.3M | $137.4M | $144.6M | $158.6M | $150.6M | $146.6M | $155.7M | $164.0M |
| Cost of revenue | $2.5M | $2.5M | $3.0M | $3.0M | $3.3M | $3.1M | $3.6M | $3.7M | $4.1M | $4.2M | $4.8M | $5.1M |
| Gross profit | $123.4M | $119.4M | $127.1M | $136.1M | $138.0M | $134.3M | $140.9M | $154.9M | $146.5M | $142.4M | $150.8M | $158.9M |
| Sales, general & admin | $104.1M | $101.7M | $109.4M | $51.7M | $47.4M | $56.7M | $126.8M | $58.8M | $74.2M | $120.9M | $59.7M | $59.0M |
| Total operating expenses | $110.4M | $113.0M | $121.8M | $126.5M | $128.5M | $133.3M | $141.2M | $158.5M | $141.6M | $146.9M | $143.0M | $148.0M |
| Operating income | $13.0M | $6.4M | $5.3M | $9.6M | $9.6M | $984,000 | −$253,000 | −$3.7M | $4.9M | −$4.6M | $7.8M | $10.9M |
| Interest expense | $5.6M | $7.6M | $10.2M | $10.1M | $10.1M | $9.9M | $10.3M | $10.8M | $10.1M | $10.2M | $10.1M | $10.3M |
| Income before taxes | $6.6M | $1.7M | −$4.2M | −$11.5M | −$4.4M | −$13.8M | −$13.0M | −$13.7M | −$4.5M | −$14.5M | $1.5M | −$438,000 |
| Income taxes | $1.4M | $3.4M | $931,000 | −$5.6M | −$2.7M | −$1.8M | $3.2M | −$4.2M | −$849,000 | −$2.8M | $248,000 | $888,000 |
| Net income | $4.7M | −$2.1M | −$5.6M | −$6.4M | −$1.9M | −$12.5M | −$16.7M | −$10.1M | −$4.3M | −$12.2M | $688,000 | −$2.0M |
| EBITDA | $15.7M | $12.9M | $9.6M | $2.3M | $9.5M | $1.3M | $3.6M | $3.3M | $12.4M | $3.0M | $18.9M | $17.4M |
| EPS (diluted) | $0.21 | −$0.16 | −$0.90 | −$1.06 | −$0.31 | −$2.07 | −$2.80 | −$1.63 | −$0.73 | −$2.06 | $0.12 | −$0.32 |
| Gross margin | 98.0% | 97.9% | 97.7% | 97.9% | 97.7% | 97.7% | 97.5% | 97.7% | 97.3% | 97.2% | 96.9% | 96.9% |
| Operating margin | 10.3% | 5.3% | 4.1% | 6.9% | 6.8% | 0.7% | −0.2% | −2.3% | 3.3% | −3.1% | 5.0% | 6.7% |
| Net margin | 3.7% | −1.8% | −4.3% | −4.6% | −1.4% | −9.1% | −11.6% | −6.4% | −2.8% | −8.3% | 0.4% | −1.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LEE's financial statements (latest annual report filed November 26, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LEE financial results
In fiscal year 2025 (ended September 30, 2025), Lee Enterprises reported revenue of $562.3 million, down 8.0% from the year before. It had a net loss of $37.6 million, a net profit margin of −6.7%. Diluted earnings per share came to −$6.24. Over five years revenue grew at an average rate of −1.9% a year.
See the LEE stock overview for the latest quote and news, or the LEE chart for price history and technical indicators.
LEE income statement FAQ
What is Lee Enterprises's annual revenue?
Lee Enterprises reported total revenue of $562.3 million for fiscal year 2025, which ended on September 30, 2025. That was down 8.0% from $611.4 million the previous year.
Is Lee Enterprises profitable?
No. Lee Enterprises reported a net loss of $37.6 million in fiscal 2025, a net profit margin of −6.7%; its operating margin was 3.5%.
What is Lee Enterprises's gross margin?
Lee Enterprises's gross margin was 97.7% in fiscal 2025: for every $100 of revenue, Lee Enterprises kept $98 after the direct cost of its products and services.
How fast is Lee Enterprises growing?
Revenue grew −1.9% a year on average over the last five fiscal years, from $618.0 million to $562.3 million.
What are Lee Enterprises's earnings per share?
Lee Enterprises earned $-6.24 per diluted share in fiscal 2025, compared with $-4.30 a year earlier.
When will Lee Enterprises report its next earnings?
Lee Enterprises is expected to report results for the quarter ending September 30, 2026 on November 25, 2026.
When does Lee Enterprises's fiscal year end?
Lee Enterprises's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 26, 2025.