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Lee Enterprises
(NASDAQ:LEE)
Lee Enterprises (LEE) vs. SPDR S&P 500 ETF (SPY)
Lee Enterprises Business Overview & Revenue Model
Lee Enterprises Earnings Call Summary
Lee Enterprises Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 581.81M | 562.34M | 611.38M | 691.14M | 780.97M | 794.65M |
| Gross Profit | 455.05M | 314.52M | 594.57M | 665.79M | 750.87M | 764.87M |
| EBITDA | 17.72M | 16.70M | 37.66M | 69.01M | 79.11M | 97.75M |
| Net Income | -41.27M | -1.85M | -25.84M | -5.27M | -2.02M | 22.75M |
Balance Sheet | ||||||
| Total Assets | 622.65M | 601.73M | 649.17M | 711.62M | 744.04M | 843.55M |
| Cash, Cash Equivalents and Short-Term Investments | 14.13M | 9.99M | 9.60M | 14.55M | 16.18M | 26.11M |
| Total Debt | 485.63M | 481.58M | 483.85M | 500.08M | 516.42M | 548.91M |
| Total Liabilities | 660.85M | 642.69M | 656.50M | 687.91M | 726.80M | 800.32M |
| Stockholders Equity | -40.50M | -43.31M | -9.89M | 21.24M | 15.01M | 41.10M |
Cash Flow | ||||||
| Free Cash Flow | -5.69M | -7.08M | -8.09M | -7.63M | -4.11M | 42.60M |
| Operating Cash Flow | 504.00K | -5.54M | 1.12M | -2.52M | 3.43M | 50.08M |
| Investing Cash Flow | 8.35M | 7.71M | 3.73M | 7.98M | 6.91M | -2.28M |
| Financing Cash Flow | -8.15M | -1.78M | -9.80M | -7.09M | -19.69M | -55.42M |
Lee Enterprises Technical Analysis
Lee Enterprises Risk Analysis
Lee Enterprises Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $11.57B | 34.91 | 17.63% | 0.95% | 8.43% | 21.38% | |
65 Neutral | $820.49M | -165.58 | -0.35% | 2.78% | 2.53% | -23.86% | |
64 Neutral | $332.12M | -8.41 | 1.81% | ― | -3.27% | 86.01% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
52 Neutral | $31.81M | -0.78 | ― | ― | -8.02% | -44.34% | |
46 Neutral | $103.50M | -0.30 | -51.54% | ― | -16.83% | -485.31% |
Lee Enterprises Corporate Events
On December 30, 2025, Lee Enterprises entered into a definitive stock purchase agreement for a $50 million private placement of common stock at $3.25 per share, led and backstopped by investor David Hoffmann alongside other existing shareholders. The company plans to use the proceeds to bolster its balance sheet, and the transaction is expected to trigger an amendment to its credit facility that would cut the interest rate on roughly $455.5 million of long-term debt from 9% to 5% for five years, materially improving cash flow and capital structure. As part of the deal, subject to closing conditions and shareholder approval expected in the first quarter of 2026, Hoffmann is slated to join the board as chair, while the board and major stakeholders have signed voting agreements supporting the transaction, signaling a coordinated governance reset aimed at long-term value creation. Concurrently, longtime President and CEO Kevin Mowbray announced his retirement effective at closing, with Chief Operating Officer Nathan Bekke expected to serve as interim CEO as the board conducts a search for a permanent successor, marking a significant leadership transition alongside the recapitalization.
The most recent analyst rating on (LEE) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Lee Enterprises stock, see the LEE Stock Forecast page.
On November 13, 2025, Lee Enterprises filed a definitive proxy statement for a special stockholder meeting that had been scheduled for December 19, 2025, but on December 18, 2025, the board of directors decided to cancel the meeting and withdraw the proposals that were to be considered. The company indicated that it is continuing to evaluate a range of potential strategic and financing transactions, and the cancellation of the meeting is intended to help facilitate that ongoing process.
The most recent analyst rating on (LEE) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Lee Enterprises stock, see the LEE Stock Forecast page.
On December 2, 2025, Lee Enterprises announced the postponement and rescheduling of its Special Meeting of Stockholders from December 4, 2025, to December 19, 2025. The company believes this change will allow for more stockholder engagement and maximize participation. The purpose of the meeting and the proposals to be voted on remain unchanged, and proxies submitted prior remain valid unless changed or revoked. This decision reflects Lee Enterprises’ focus on ensuring comprehensive stockholder involvement in its decision-making processes.
The most recent analyst rating on (LEE) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Lee Enterprises stock, see the LEE Stock Forecast page.
Lee Enterprises reported its fourth quarter and full fiscal year 2025 results, highlighting a $2 million year-over-year growth in Adjusted EBITDA on a comparable basis. The company saw a 16% increase in digital-only subscription revenue for the quarter, marking five consecutive years of industry-leading performance. Digital revenue accounted for 53% of total operating revenue, with digital advertising and marketing services contributing significantly. Despite a net loss of $6 million for the quarter, Lee Enterprises continues to focus on its digital transformation strategy, aiming for sustainable growth and long-term value capture. The company also made strategic financial moves, such as terminating its pension plan to reduce balance sheet volatility, and successfully managing its debt obligations through organic free cash flow generation.
The most recent analyst rating on (LEE) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Lee Enterprises stock, see the LEE Stock Forecast page.
On November 21, 2025, Lee Enterprises announced the resignation of Tim Millage, its Vice President, Chief Financial Officer, and Treasurer, effective February 28, 2026. Millage is leaving to pursue a role in church ministry, specifically as an Executive Pastor at Coram Deo Bible Church in Davenport, Iowa. The company has initiated a search for his replacement and Millage will provide consulting services until May 31, 2026. His departure is not due to any disagreements with the company, and he expressed confidence in Lee’s strategic direction, particularly its Three Pillar Digital Growth Strategy. This strategy has been successful in transforming revenue composition and positioning the company for long-term value creation.
The most recent analyst rating on (LEE) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Lee Enterprises stock, see the LEE Stock Forecast page.
On November 10, 2025, Lee Enterprises announced its intent to initiate a Proposed Rights Offering to raise up to $50 million, aimed at supporting its digital transformation. This initiative is expected to potentially reduce the company’s term loan interest rate from 9% to 5% for five years, saving approximately $18 million annually. The raised capital will be used for working capital and investments in technology to enhance advertising strategies, audience outreach, and digital products. The company is also seeking stockholder consent to amend its charter for additional shares and new classes of stock, with the offering conditioned on receiving requisite consents.
The most recent analyst rating on (LEE) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Lee Enterprises stock, see the LEE Stock Forecast page.