CNNE · Cannae Holdings, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · CNNE

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$423.60M	$452.50M	$570.00M	$662.10M	$742.20M	$2.97B
Cost of Revenue	$358.00M	$371.20M	-	-	-	-
Gross Profit	$65.60M	$81.30M	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	-	-	-	-	-	-
Total Operating Expenses	$543.20M	$556.20M	$688.90M	$806.70M	$875.70M	$774.20M
D&A	$11.90M	$13.30M	$19.00M	$22.80M	$26.40M	$30.70M
Operating Income	($119.60M)	($103.70M)	($118.90M)	($144.60M)	($133.50M)	($188.50M)
Interest Expense	$11.90M	$11.60M	$17.90M	$12.30M	$9.80M	$9.00M
Income Tax	$13.00M	($400.0K)	($77.00M)	($89.90M)	($74.00M)	$481.20M
Net Income	($513.20M)	($304.60M)	($313.40M)	($428.10M)	($287.00M)	$1.79B
EPS - Basic	($9.08)	($4.73)	($4.27)	($5.25)	($3.19)	$20.84
EPS - Diluted	($9.08)	($4.73)	($4.27)	($5.25)	($3.19)	$20.79

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$182.00M	$131.50M	$106.20M	$247.70M	$85.80M	$724.70M
Accounts Receivable	-	-	-	-	-	-
Inventory	-	-	-	-	-	-
Accounts Payable	$16.80M	$16.60M	$27.00M	$25.80M	$22.70M	$25.70M
Current Assets	$268.30M	$196.90M	$177.30M	$310.60M	$121.60M	$844.20M
Total Assets	$1.32B	$2.23B	$2.69B	$3.13B	$3.89B	$4.61B
Current Liabilities	$129.70M	$146.50M	$107.50M	$122.70M	$179.50M	$202.00M
Long-term Debt	$64.50M	$120.00M	$102.50M	$95.10M	$14.10M	$52.20M
Total Liabilities	$329.80M	$413.60M	$377.50M	$410.60M	$548.50M	$828.20M
Stockholders' Equity	$1.02B	$1.84B	$2.32B	$2.72B	$3.34B	$3.78B
Retained Earnings	$23.30M	$567.10M	$901.30M	$1.21B	$1.64B	$1.93B

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	($18.10M)	($90.10M)	($87.80M)	($205.10M)	($176.10M)	($113.90M)
Investing Cash Flow	$518.10M	$298.30M	$53.10M	$521.20M	($272.40M)	($74.20M)
Financing Cash Flow	($449.50M)	($182.90M)	($106.80M)	($154.20M)	($190.40M)	$379.10M
CapEx	$10.40M	$7.00M	$10.00M	$14.30M	$13.70M	$22.30M
Free Cash Flow	($28.50M)	($97.10M)	($97.80M)	($219.40M)	($189.80M)	($136.20M)

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	15.5%	18.0%	-	-	-	-
Operating margin	-28.2%	-22.9%	-20.9%	-21.8%	-18.0%	-6.4%
EBITDA margin	-25.4%	-20.0%	-17.5%	-18.4%	-14.4%	-5.3%
Net margin	-121.2%	-67.3%	-55.0%	-64.7%	-38.7%	60.2%
Free cash flow margin	-6.7%	-21.5%	-17.2%	-33.1%	-25.6%	-4.6%
FCF / Net income	0.06	0.32	0.31	0.51	0.66	-0.08
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	-	-	-	-	-	-
Effective tax rate	-	-	-	-	-	21.2%
Return on assets	-38.9%	-13.7%	-11.7%	-13.7%	-7.4%	38.7%
Return on equity	-50.1%	-16.6%	-13.5%	-15.7%	-8.6%	47.3%
Return on invested capital	-8.7%	-4.2%	-3.9%	-4.1%	-3.1%	-3.9%
Liquidity
Current ratio	2.07	1.34	1.65	2.53	0.68	4.18
Quick ratio	2.07	1.34	1.65	2.53	0.68	4.18
Cash ratio	1.40	0.90	0.99	2.02	0.48	3.59
Leverage
Debt / Equity	0.06	0.07	0.04	0.03	0.00	0.01
Debt / Assets	0.05	0.05	0.04	0.03	0.00	0.01
Debt / EBITDA	-	-	-	-	-	-
Interest coverage	-10.1x	-8.9x	-6.6x	-11.8x	-13.6x	-20.9x
Equity multiplier	1.29	1.21	1.16	1.15	1.17	1.22
Liabilities / Assets	0.25	0.19	0.14	0.13	0.14	0.18
Efficiency
Asset turnover	0.32	0.20	0.21	0.21	0.19	0.64
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	-	-	-	-	-	-
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	17d	16d	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	-	-	-	-	-	2.1x
P / B	0.9x	0.7x	0.6x	0.6x	0.9x	1.0x
P / S	2.1x	2.8x	2.5x	2.5x	4.3x	1.3x
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	-6.4%	-20.6%	-13.9%	-10.8%	-75.0%	105.4%
Revenue CAGR (3y)	-13.8%	-15.2%	-42.3%	-22.9%	-18.6%	35.5%
Revenue CAGR (5y)	-32.2%	-20.7%	-16.2%	-11.1%	-	-
Gross profit growth (YoY)	-19.3%	-	-	-	-	-
Operating income growth (YoY)	-15.3%	12.8%	17.8%	-8.3%	29.2%	-60.3%
Net income growth (YoY)	-68.5%	2.8%	26.8%	-49.2%	-	2210.7%
EPS growth (YoY)	-92.0%	-10.8%	18.7%	-64.6%	-	1843.0%
EPS CAGR (3y)	-	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	70.6%	0.7%	55.4%	-15.6%	-39.4%	-36.1%
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	-44.3%	-21.0%	-14.5%	-18.5%	-11.8%	153.9%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$847.20M total

Restaurant Group$390.50M · 46.1%

Reportable Segment Aggregation Before Other Operating Segment$390.50M · 46.1%

Other Operating Revenue$33.10M · 3.9%

Corporate And Other$33.10M · 3.9%

Product / service

$456.70M total

Restaurant Sales$390.50M · 85.5%

Other Operating Revenue$33.10M · 7.2%

Real Estate And Resort$33.00M · 7.2%

Other Products And Services$100.0K · 0.0%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

1.43

Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

5/9

Neutral

✗Net income positive
✗Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✓Long-term debt decreased
✓Current ratio improved
✓No share dilution
✗Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Retail-Eating & Drinking Places

Company	Revenue (last FY)	Net margin	ROE
WEN	$2.18B	7.6%	140.6%
BROS	$1.64B	4.9%	11.7%
SDOT	$246.90M	-37.8%	162.7%
SBUX	$37.18B	5.0%	-22.9%
SHAK	$1.45B	3.2%	8.7%

Comparing Cannae Holdings against the 5 most active filers in the same SIC group.

Dividends

$0.57/share trailing 12 months · +18.7% YoY

Ex-date	Per share
Mar 17, 2026	$0.1500
Dec 17, 2025	$0.1500
Sep 16, 2025	$0.1500
Jun 16, 2025	$0.1200
Mar 17, 2025	$0.1200
Dec 17, 2024	$0.1200
Sep 16, 2024	$0.1200
Jun 14, 2024	$0.1200