Lee Enterprises, Incorporated
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $4.7M | $-2.1M | $-5.6M | $-6.4M | $-1.9M | $-12.5M | $-16.7M | $-10.1M |
| Depreciation & Amortization | $3.5M | $3.5M | $3.6M | $3.6M | $3.8M | $5.2M | $6.3M | $6.2M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $181.0K | $213.0K | $328.0K | $429.0K | $540.0K | $358.0K | $430.0K | $562.0K |
| Net Cash from Operating Activities | $7.9M | $-6.2M | $4.5M | $-6.3M | $8.9M | $-790.0K | $-7.3M | $-261.0K |
| Investing Activities | ||||||||
| Capital Expenditures | $1.1M | $577.0K | $758.0K | $-2.0M | $616.0K | $1.4M | $1.6M | $2.7M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-999.0K | $471.0K | $-755.0K | $2.6M | $1.9M | $-668.0K | $3.9M | $3.2M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-763.0K | $46.4M | $-1.1M | $-406.0K | $-1.4M | $0 | $0 | $-6.8M |
| Net Change in Cash | $6.2M | $40.7M | $2.6M | $-4.1M | $9.5M | $-1.5M | $-3.5M | $-3.8M |
| Free Cash Flow | $6.8M | $-6.8M | $3.7M | $-4.3M | $8.3M | $-2.2M | $-8.9M | $-2.9M |