Cannae Holdings, Inc. CNNE

Consumer discretionary SIC 5810 - Retail-Eating & Drinking Places NAICS Accommodation and Food Services › Food Services and Drinking Places derived NYSE

The following describes the business of Cannae Holdings, Inc. and its subsidiaries. Except where otherwise noted, all references to "we," "us," "our," "Cannae," "Cannae Holdings" or the "Company," are to Cannae Holdings, Inc. and its subsidiaries, taken together.

We primarily acquire interests in operating companies and are engaged in actively managing and operating a core group of those companies, which we are committed to supporting for the long term. From time to time, we also seek to take meaningful equity ownership stakes where we have the ability to control or significantly influence quality companies, and we bring the strength of our operational expertise to each of our subsidiaries. We are a long-term owner that secures control and governance rights of other companies primarily to engage in their lines of business, and we have no preset time constraints dictating when we sell or dispose of our businesses. We believe that our long-term ownership and active involvement in the management and operations of companies helps maximize the value of those businesses for our shareholders.

Last close 16.29 2026-10-23
Market cap $706.6M 2026-06-30 share count
52-week range 10.46 - 18.84

Valuation FY2025 figures against the last close

P/S1.7x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield4.3%
Diluted EPS-9.08

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $423.6M$452.5M$570.0M$662.1M$742.2M$585.7M$1.07B$1.15B$1.16B$1.18B
Cost of revenue $358.0M$371.2M$474.9M$571.4M———$991.3M$991.0M$984.1M
Gross profit $65.6M$81.3M$95.1M$90.7M———$156.2M$165.6M$194.3M
Total operating expenses $543.2M$556.2M$688.9M$806.7M$875.7M$774.2M$1.19B$1.29B$1.23B$1.18B
Operating income -$119.6M-$103.7M-$118.9M-$144.6M-$133.5M-$188.5M-$117.6M-$145.8M-$77.5M-$2.2M
Interest expense $11.9M$11.6M$17.9M$12.3M$9.8M$9.0M$17.8M$4.7M$7.0M$5.2M
Pre-tax income -$190.5M-$251.6M-$200.4M-$335.6M-$433.0M$2.18B$237.9M$22.6M-$74.3M$5.2M
Income tax $13.0M$3.3M$71.5M$89.9M$74.0M$481.2M$24.2M$15.0M$14.2M$10.4M
Net income -$513.2M-$304.6M-$313.4M-$428.1M-$287.0M$1.79B$77.3M$27.6M$108.8M-$12.4M
EPS, basic -9.08-4.73-4.27-5.25-3.1920.841.070.391.54-0.18
EPS, diluted -9.08-4.73-4.27-5.25-3.1920.791.070.391.54-0.18
Shares, diluted (wtd. avg.) 56.5M64.4M73.4M81.6M90.1M85.9M72.4M71.3M70.6M70.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $182.0M$131.5M$106.2M$247.7M$85.8M$724.7M$533.7M$315.7M$245.6M$141.7M
Short-term investments ————$0$35.2M$0———
Receivables ——————$16.0M$30.4M$35.8M$24.7M
Inventory ——————$16.3M$22.3M$29.7M$23.9M
Total current assets $268.3M$196.9M$177.3M$310.6M$121.6M$844.2M$630.9M$451.7M$350.2M$272.6M
Property, plant and equipment $49.0M$61.8M$58.7M$87.5M$100.6M$145.8M$162.6M$175.5M$218.8M$235.0M
Goodwill $53.4M$53.4M$53.4M$53.4M$53.4M$53.4M$66.1M$76.5M$103.2M$103.1M
Other intangibles $13.2M$15.1M$16.8M$23.5M$26.9M$51.8M$63.1M$92.4M$214.5M$111.8M
Total assets $1.32B$2.23B$2.69B$3.13B$3.89B$4.61B$2.09B$1.46B$1.49B$1.47B
Accounts payable $16.8M$16.6M$27.0M$25.8M$22.7M$25.7M$19.6M$23.0M$20.3M$24.7M
Short-term debt $6.3M$61.0M$2.5M$2.3M$2.3M$11.3M$7.0M$5.9M$122.2M$11.4M
Total current liabilities $129.7M$146.5M$107.5M$122.7M$179.5M$202.0M$198.7M$160.0M$249.8M$159.5M
Long-term debt $64.5M$120.0M$102.5M$95.1M$14.1M$52.2M$120.1M$42.2M$12.7M$93.3M
Total liabilities $329.8M$413.6M$377.5M$410.6M$548.5M$828.2M$562.4M$259.8M$334.1M$463.5M
Retained earnings $23.3M$567.1M$901.3M$1.21B$1.64B$1.93B$143.6M$45.8M$200.0K$0
Total equity $1.02B$1.84B$2.31B$2.71B$3.34B$3.79B$1.53B$1.20B$1.15B$1.01B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$18.1M-$90.1M-$87.8M-$205.1M-$176.1M-$113.9M-$84.2M-$22.9M-$90.7M$60.3M
Depreciation and amortisation $11.9M$13.3M$19.0M$22.8M$26.4M$30.7M$54.5M$61.3M$58.1M$62.9M
Stock-based compensation $18.7M$19.0M$3.5M$1.5M$2.4M$4.2M$4.6M$21.8M$500.0K$1.2M
Capital expenditure $10.4M$7.0M$10.0M$14.3M$13.7M$22.3M$28.3M$15.9M$40.1M$49.6M
Investing cash flow $518.1M$298.3M$53.1M$521.2M-$272.4M-$74.2M-$24.2M$186.7M$91.7M-$168.2M
Financing cash flow -$449.5M-$182.9M-$106.8M-$154.2M-$190.4M$379.1M$319.1M-$86.4M$98.2M-$20.8M
Dividends paid $30.5M$22.4M$0$0——————
Buybacks $319.7M$231.4M$113.2M$229.5M$160.2M$14.4M$4.9M$0$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001704720-26-000094.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B Revenue, FY2016: 1.2B Gross profit, FY2016: 194.3M Net income, FY2016: -12.4M Revenue, FY2017: 1.2B Gross profit, FY2017: 165.6M Net income, FY2017: 108.8M Revenue, FY2018: 1.1B Gross profit, FY2018: 156.2M Net income, FY2018: 27.6M Revenue, FY2019: 1.1B Net income, FY2019: 77.3M Revenue, FY2020: 585.7M Net income, FY2020: 1.8B Revenue, FY2021: 742.2M Net income, FY2021: -287M Revenue, FY2022: 662.1M Gross profit, FY2022: 90.7M Net income, FY2022: -428.1M Revenue, FY2023: 570M Gross profit, FY2023: 95.1M Net income, FY2023: -313.4M Revenue, FY2024: 452.5M Gross profit, FY2024: 81.3M Net income, FY2024: -304.6M Revenue, FY2025: 423.6M Gross profit, FY2025: 65.6M Net income, FY2025: -513.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.18B $1.16B $1.15B $1.07B $585.7M $742.2M $662.1M $570.0M $452.5M $423.6M
Gross profit $194.3M $165.6M $156.2M — — — $90.7M $95.1M $81.3M $65.6M
Net income -$12.4M $108.8M $27.6M $77.3M $1.79B -$287.0M -$428.1M -$313.4M -$304.6M -$513.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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