CNNE on NYSE
Cannae Holdings, Inc.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-28.2%Operating margin3
-123.9%Net margin4
-6.4%Revenue growth, 20253
-51.3%Return on equity3
0.06×Debt to equity3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Restaurant Sales brought in 92% of the revenue Cannae Holdings, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Restaurant Sales | $536.0M | $419.6M | $390.5M |
| Other Operating Revenue | $34.0M | $32.9M | $33.1M |
Business segments
Reportable Segment, Aggregation before Other Operating brought in 46% of the revenue Cannae Holdings, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Reportable Segment, Aggregation before Other Operating | $536.0M | $419.6M | $390.5M |
| Restaurant Group | $536.0M | $419.6M | $390.5M |
| Corporate Segment and Other Operating | $34.0M | $32.9M | $33.1M |
| Other Operating Revenue | $34.0M | $32.9M | $33.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue85¢$358.0M
- Other costs10¢$40.8M
- Income tax6¢$24.8M
Out of $423.6M in revenue.34 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total operating revenues | $423.6M | $452.5M | $570.0M |
| Cost of restaurant revenue | $358.0M | $371.2M | $474.9M |
| Personnel costs | $73.8M | $78.4M | $52.1M |
| Depreciation and amortization | $11.9M | $13.3M | $19.0M |
| Other operating expenses, including asset impairments | $99.5M | $93.3M | $142.9M |
| Total operating expenses | $543.2M | $556.2M | $688.9M |
| Operating loss | -$119.6M | -$103.7M | -$118.9M |
| Interest, investment and other income | $10.1M | $4.6M | $13.6M |
| Interest expense | -$11.9M | -$11.6M | -$17.9M |
| Recognized losses, net | -$69.1M | -$140.9M | -$77.2M |
| Total other expense | -$70.9M | -$147.9M | -$81.5M |
| Loss before income taxes and equity in losses of unconsolidated affiliates | -$190.5M | -$251.6M | -$200.4M |
| Income tax expense (benefit) | $13.0M | $3.3M | -$71.5M |
| Loss before equity in losses of unconsolidated affiliates | -$203.5M | -$254.9M | -$128.9M |
| Equity in losses of unconsolidated affiliates | -$223.5M | -$32.9M | -$176.9M |
| Loss from continuing operations | -$427.0M | -$287.8M | -$305.8M |
| Net loss from discontinued operations, net of tax - see Note Q | -$97.9M | -$22.3M | -$18.3M |
| Net loss | -$524.9M | -$310.1M | -$324.1M |
| Less: Net loss attributable to noncontrolling interests | -$11.7M | -$5.5M | -$10.7M |
| Net loss attributable to Cannae Holdings, Inc. common shareholders | -$513.2M | -$304.6M | -$313.4M |
| Net loss from continuing operations attributable to Cannae Holdings, Inc. common shareholders | -$415.3M | -$282.3M | -$295.1M |
| Net loss from discontinued operations attributable to Cannae Holdings, Inc. common shareholders | -$97.9M | -$22.3M | -$18.3M |
| Net loss attributable to Cannae Holdings, Inc. common shareholders | -$513.2M | -$304.6M | -$313.4M |
| Net loss per share from continuing operations (in usd per share) | -$7 | -$4 | -$4 |
| Net loss per share from discontinued operations (in usd per share) | -$2 | -$0 | -$0 |
| Net loss per share - basic (in usd per share) | -$9.08 | -$4.73 | -$4.27 |
| Net loss per share from continuing operations (in usd per share) | -$7 | -$4 | -$4 |
| Net loss per share from discontinued operations (in usd per share) | -$2 | -$0 | -$0 |
| Net loss per share - diluted (in usd per share) | -$9.08 | -$4.73 | -$4.27 |
| Weighted average shares outstanding Cannae Holdings common stock, basic basis (in shares) | 56.5M shares | 64.4M shares | 73.4M shares |
| Weighted average shares outstanding Cannae Holdings common stock, diluted basis (in shares) | 56.5M shares | 64.4M shares | 73.4M shares |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $182.0M | $131.5M | |
| Short-term investments | $0 | $6.2M | |
| Other current assets | $25.7M | $23.5M | |
| Income taxes receivable | $60.6M | $35.7M | |
| Total current assets | $268.3M | $196.9M | |
| Investments in unconsolidated affiliates | $643.5M | $764.9M | |
| Equity securities, without a readily determinable fair value | $147.3M | $159.9M | |
| Equity securities, at fair value | $1.4M | $56.2M | |
| Lease assets | $116.9M | $136.0M | |
| Property and equipment, net | $49.0M | $61.8M | |
| Goodwill | $53.4M | $53.4M | $53.4M |
| Other intangible assets, net | $13.2M | $15.1M | |
| Deferred tax assets | $600.0K | $73.9M | |
| Other non-current assets | $27.1M | $18.9M | |
| Non-current assets of discontinued operations - see Note Q | $0 | $691.9M | |
| Total assets | $1.3B | $2.2B | $2.7B |
| Accounts payable and other accrued liabilities, current | $91.9M | $54.8M | |
| Lease liabilities, current | $15.4M | $14.5M | |
| Deferred revenue | $16.1M | $16.2M | |
| Notes payable, current | $6.3M | $61.0M | |
| Total current liabilities | $129.7M | $146.5M | |
| Lease liabilities, long-term | $122.8M | $134.6M | |
| Notes payable, long-term | $64.5M | $120.0M | |
| Accounts payable and other accrued liabilities, long-term | $12.8M | $12.5M | |
| Total liabilities | $329.8M | $413.6M | |
| Cannae common stock, $0.0001 par value; authorized 115,000,000 shares as of December 31, 2025 and December 31, 2024; issued of 94,925,400 and 94,328,322 shares as of December 31, 2025 and December 31, 2024, respectively; and outstanding of 46,703,745 and 62,789,542 shares as of December 31, 2025 and December 31, 2024, respectively | $0 | $0 | |
| Preferred stock, $0.0001 par value; authorized 10,000,000 shares; issued and outstanding, none as of December 31, 2025 and December 31, 2024 | $0 | $0 | |
| Retained earnings | $23.3M | $567.1M | |
| Additional paid-in capital | $2.0B | $2.0B | |
| Less: Treasury stock, 48,221,655 and 31,538,780 shares as of December 31, 2025 and December 31, 2024, respectively, at cost | -$1.0B | -$724.7M | |
| Accumulated other comprehensive income (loss) | $6.5M | -$19.2M | |
| Total Cannae shareholders' equity | $1.0B | $1.8B | |
| Noncontrolling interests | -$32.9M | -$21.2M | |
| Total equity | $990.9M | $1.8B | $2.3B |
| Total liabilities and equity | $1.3B | $2.2B | |
| Par value per share (in usd per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 115.0M shares | 115.0M shares | |
| Common stock, shares, issued (in shares) | 94.9M shares | 94.3M shares | |
| Common stock, shares, outstanding (in shares) | 46.7M shares | 62.8M shares | |
| Preferred stock, par or value (in usd per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |
| Treasury stock, shares (in shares) | 48.2M shares | 31.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$524.9M | -$310.1M | -$324.1M |
| Depreciation and amortization | $11.9M | $13.3M | $19.0M |
| Equity in losses of unconsolidated affiliates | $223.5M | $32.9M | $176.9M |
| Distributions from investments in unconsolidated affiliates | $24.4M | $3.8M | $200.0K |
| Recognized losses and impairments of assets, net | $81.7M | $142.6M | $124.2M |
| Lease asset amortization | $15.1M | $14.5M | $19.3M |
| Stock-based compensation cost | $18.7M | $19.0M | $3.5M |
| Net loss from discontinued operations - see note Q | $97.9M | $22.3M | $18.3M |
| Other assets | -$600.0K | $3.1M | -$9.5M |
| Accounts payable, accrued liabilities, deferred revenue and other | $6.9M | -$19.4M | -$19.4M |
| Lease liabilities | -$14.2M | -$14.1M | -$20.2M |
| Income taxes | $41.5M | $2.0M | -$76.0M |
| Net cash used in operating activities | -$18.1M | -$90.1M | -$87.8M |
| Proceeds from sales of Dayforce shares | $0 | $264.0M | $144.7M |
| Proceeds from partial sale of D&B shares | $629.8M | $100.9M | $0 |
| Proceeds from partial sale of Alight shares | $0 | $89.1M | $0 |
| Proceeds from other sales of investments in unconsolidated affiliates, equity securities and other long- term investments | $41.0M | $18.0M | $18.7M |
| Distributions from investments in unconsolidated affiliates | $11.6M | $18.8M | $52.7M |
| Proceeds from the sale of property and equipment | $1.7M | $6.8M | $7.3M |
| Purchases of investments in unconsolidated affiliates | -$152.6M | -$135.2M | -$162.0M |
| Purchase of other long-term investments | -$9.2M | -$66.5M | -$17.5M |
| Additions to property and equipment and other intangible assets | -$10.4M | -$7.0M | -$10.0M |
| Purchases of short-term investment securities | $0 | -$64.6M | -$151.9M |
| Proceeds from sale and maturity of short-term investment securities | $6.2M | $74.0M | $171.1M |
| Net cash provided by investing activities | $518.1M | $298.3M | $53.1M |
| Borrowings, net of debt issuance costs | $44.9M | $103.7M | $65.7M |
| Debt service payments | -$142.7M | -$28.9M | -$58.4M |
| Subsidiary distributions paid to noncontrolling interest shareholders | $0 | -$300.0K | -$700.0K |
| Other activity in non-controlling interests | $100.0K | $0 | $0 |
| Payment for shares withheld for taxes and in treasury | -$1.6M | -$3.6M | -$200.0K |
| Dividend paid | -$30.5M | -$22.4M | $0 |
| Purchases of treasury stock | -$319.7M | -$231.4M | -$113.2M |
| Net cash used in financing activities | -$449.5M | -$182.9M | -$106.8M |
| Net increase (decrease) in cash and cash equivalents | $50.5M | $25.3M | -$141.5M |
Recent filings
- Oct 5, 2026SCHEDULE 13D/A
- Oct 1, 20264 PRIMARY DOCUMENT
- Oct 1, 20264 PRIMARY DOCUMENT
- Oct 1, 20264 PRIMARY DOCUMENT
- Oct 1, 20264 PRIMARY DOCUMENT
- Aug 26, 2026N-PX
- Aug 17, 20264 PRIMARY DOCUMENT
- Aug 10, 20268-K
- Aug 10, 202610-Q
- Aug 7, 2026SCHEDULE 13D/A
- Jul 31, 20268-K
- Jul 16, 20268-K
- Jul 14, 202613F-HR
- Jul 1, 20264 PRIMARY DOCUMENT
- Jul 1, 20264 PRIMARY DOCUMENT
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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