Cannae Holdings, Inc. (CNNE) Financial Statements
Industry: Eating & Drinking Places (Retail)
In fiscal 2025, Cannae reported revenue of $423.6M, down 6.4% from $452.5M the year before. Net income was -$513.2M (a -121.2% net margin), or -$9.08 per diluted share. Gross margin was 15.5% and operating margin was -28.2%. Operating activities generated -$18.1M of cash, leaving -$28.5M of free cash flow. At fiscal year end, Cannae held $1.32B in total assets against $329.8M in total liabilities, including $182.0M of cash and equivalents.
Open the full interactive Cannae financials → Quarterly statements, key ratios, valuation history and price charts.
Cannae Key Stats
| Share Price | $15.72 |
|---|---|
| Market Cap | $685.4M |
| Revenue YoY Growth | -6.4% |
| 52-Week Range | $10.43 – $17.96 |
| Shares Outstanding | 43.5 million (basic, 2026 Q2) |
Cannae Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.97B | $452.5M | $483.4M | $499.7M | $452.5M | $423.6M |
| Cost of Goods Sold | $774.2M | $875.7M | $806.7M | $688.9M | $371.2M | $358.0M |
| Gross Profit | $2.19B | -$423.2M | -$323.3M | -$189.2M | $81.3M | $65.6M |
| Operating Income | -$188.5M | -$133.5M | -$144.6M | -$118.9M | -$103.7M | -$119.6M |
| Pre-Tax Income | $2.18B | -$433.0M | -$335.6M | -$207.1M | -$263.9M | -$190.5M |
| Income Tax | $481.2M | -$74.0M | -$89.9M | -$77.0M | -$400,000 | $13.0M |
| Net Income | $1.79B | -$287.0M | -$428.1M | -$313.4M | -$304.6M | -$513.2M |
| Diluted EPS | $20.79 | -$3.19 | -$5.25 | -$4.27 | -$4.73 | -$9.08 |
Cannae Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $106.9M | $103.3M | $96.2M | $102.2M |
| Net Income | -$68.4M | -$93.0M | -$32.1M | $37.5M |
| Diluted EPS | -$1.25 | -$1.65 | -$0.70 | $0.86 |
Cannae Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $724.7M | $85.8M | $247.7M | $106.2M | $131.5M | $182.0M |
| Current Assets | $844.2M | $121.6M | $310.6M | $177.3M | $196.9M | $268.3M |
| Total Assets | $4.61B | $3.89B | $3.13B | $2.69B | $2.23B | $1.32B |
| Current Liabilities | $202.0M | $179.5M | $122.7M | $107.5M | $146.5M | $129.7M |
| Total Long-Term Debt | $63.5M | $16.4M | $97.4M | $105.0M | $181.0M | $70.8M |
| Total Liabilities | $828.2M | $548.5M | $410.6M | $377.5M | $413.6M | $329.8M |
| Shareholders' Equity | $3.78B | $3.34B | $2.72B | $2.32B | $1.84B | $1.02B |
Cannae Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$113.9M | -$176.1M | -$205.1M | -$87.8M | -$90.1M | -$18.1M |
| Cash From Investing | -$74.2M | -$272.4M | $521.2M | $53.1M | $298.3M | $518.1M |
| Cash From Financing | $379.1M | -$190.4M | -$154.2M | -$106.8M | -$182.9M | -$449.5M |
| Free Cash Flow | -$136.2M | -$189.8M | -$219.4M | -$97.8M | -$97.1M | -$28.5M |
Figures from Cannae's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Cannae financials page for every line item.
Cannae Company Profile
| Ticker | CNNE |
|---|---|
| Exchange | NYSE |
| Industry | Eating & Drinking Places (Retail) |
| Headquarters | Las Vegas, Nevada |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001704720 |
Frequently Asked Questions
What was Cannae's revenue in fiscal 2025?
Cannae (CNNE) reported revenue of $423.6M for fiscal 2025.
What is Cannae's annual revenue history?
Cannae's annual revenue by fiscal year: 2020: $2.97B; 2021: $452.5M; 2022: $483.4M; 2023: $499.7M; 2024: $452.5M; 2025: $423.6M.
What was Cannae's net income in fiscal 2025?
Cannae reported net income of -$513.2M for fiscal 2025.
What was Cannae's earnings per share (EPS) in fiscal 2025?
Cannae's diluted EPS was -$9.08 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Cannae generate in fiscal 2025?
Cannae generated -$28.5M of free cash flow in fiscal 2025.
What was Cannae's revenue last quarter?
In its most recent reported quarter (2026 Q2), Cannae reported revenue of $102.2M.
How much debt does Cannae have?
Cannae reported $70.8M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Cannae are outstanding?
Cannae reported a weighted average of 43.5 million basic shares outstanding in 2026 Q2.
What is Cannae's market cap?
Based on its latest closing price, Cannae (CNNE) has a market capitalization of about $685.4M.
When does Cannae's fiscal year end?
Cannae's fiscal year end, as registered with the SEC, is December 31.
Where is Cannae headquartered?
Cannae lists its business address in Las Vegas, Nevada in its SEC filings.