Filing Flows › LEE Enterprises (LEE) › Q2 FY26
LEE Enterprises (LEE) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 8, 2026
LEE Enterprises (LEE) reported revenue of $122M for the second quarter fiscal 2026 (Q2 FY26), -11% from a year earlier and -6% from the quarter before. Operating margin was 7.0%, net loss $1.7M (1.4% of revenue).
LEE Enterprises, Q2 FY26: revenue $122M (-11% year over year), operating margin 7.0%, net loss $1.7M, operating cash flow −$6.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $122M | -6% | -11% |
| Operating profit | $8.5M | +64% | — |
| Net earnings | −$1.7M | — | — |
| Operating cash flow | −$6.2M | -240% | — |
What changed
Revenue was $122.0M in Q2 FY26, down 11% year over year and down 6% from the previous quarter. Subscription was the largest line at 45% of revenue. Subscription lost $9.7M year over year (down 15%), 63% of the total change.
Operating profit was $8.5M, a 7.0% margin (up 10.3 points year over year). Total costs fell 20% while revenue fell 11%. The quarter ended with a net loss of $1.7M, narrower than the previous quarter's $5.1M loss. Net interest and other expense of $6.8M was the main reason.
Operating cash flow was −$6.2M. Non-cash charges added back $3.5M of depreciation and amortization and $213K of share-based compensation. Working capital and other items used $8.3M. Capital expenditures of $577K exceeded it, leaving free cash flow of −$6.8M.
Questions
What was LEE Enterprises' revenue in the second quarter fiscal 2026?
LEE Enterprises (LEE) reported revenue of $122M for the second quarter fiscal 2026 (Q2 FY26), -11% from a year earlier and -6% from the quarter before.
Was LEE Enterprises profitable in the second quarter fiscal 2026?
Operating profit was $8.5M (7.0% of revenue) and net loss $1.7M.
Source: LEE Enterprises 10-Q on SEC EDGAR.