Ten teams contested the league: Albion Rovers, Annan Athletic, Brechin City, Cove Rangers, Cowdenbeath, Edinburgh City, Elgin City, Queen's Park, Stenhousemuir and Stirling Albion.

[3] On 13 March 2020 all SPFL leagues were indefinitely suspended due to the COVID-19 coronavirus outbreak.

[4] On 8 April, with the pandemic continuing, the SPFL board proposed to curtail the 2019–20 League Two season and use the points per game earned by each team to date as the final standings.

[5] The plan was approved on 15 April, meaning the league was declared over and Cove Rangers were crowned champions.

Teams play each other four times, twice in the first half of the season (home and away) and twice in the second half of the season (home and away), making a total of 180 games, with each team playing 36.