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LEE Enterprises (LEE) Q4 FY25 earnings results (fourth quarter fiscal 2025)

10-K filed Nov 26, 2025

LEE Enterprises (LEE) reported revenue of $139M for the fourth quarter fiscal 2025 (Q4 FY25), -12% from a year earlier and -2% from the quarter before. Operating margin was -1.0%, net loss $5.8M (4.2% of revenue).

Revenue$139M
Year over year-12%
Quarter over quarter-2%
Operating margin-1.0%
Net earnings−$5.8M

LEE Enterprises, Q4 FY25: revenue $139M (-12% year over year), operating margin -1.0%, net loss $5.8M, operating cash flow −$6.3M. The chart follows the revenue to costs, profit and cash.

Q4 FY25AmountQ/QY/Y
Revenue$139M-2%-12%
Operating profit−$1.5M-131%—
Net earnings−$5.8M——
Operating cash flow−$6.3M-171%—

What changed

Revenue was $139.1M in Q4 FY25, down 12% year over year and down 2% from the previous quarter. Subscription was the largest line at 48% of revenue.

Operating costs exceeded revenue by $1.5M, an operating margin of -1.0%. Total costs fell 13% while revenue fell 12%. The quarter ended with a net loss of $5.8M, wider than the previous quarter's $1.7M loss. Net interest and other expense of $10.0M was the main reason.

Operating cash flow was −$6.3M. Non-cash charges added back $3.6M of depreciation and amortization and $429K of share-based compensation. Working capital and other items used $4.5M. Capital expenditures of −$2.0M exceeded it, leaving free cash flow of −$4.3M.

Questions

What was LEE Enterprises' revenue in the fourth quarter fiscal 2025?

LEE Enterprises (LEE) reported revenue of $139M for the fourth quarter fiscal 2025 (Q4 FY25), -12% from a year earlier and -2% from the quarter before.

Was LEE Enterprises profitable in the fourth quarter fiscal 2025?

Operating loss was $1.5M (-1.0% of revenue) and net loss $5.8M.

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Source: LEE Enterprises 10-K on SEC EDGAR.