# Cannae Holdings, Inc. (CNNE) · Edgar & Edgarette company card

> Cannae Holdings (CNNE) saw revenue fall 6.4% in FY2025 to $424 million, operating margin -28.2% against a 6.1% median for eating & drinking places, equity 77.5% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1704720 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/CNNE) · [JSON](https://www.pops4.com/boards/company/CNNE.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $424M |
| Revenue growth, 1 year | -6.4% |
| Revenue growth per year | -13.1% |
| Operating margin | -28.2% (prior year -22.9%) |
| Net margin | -123.9% |
| Operating cash flow | −$18M |
| Capital spending | $10M |
| Free cash flow | −$29M |
| Cash | $182M |
| Long-term debt | $71M |
| Total assets | $1.3B |
| Total equity | $1.0B |
| Equity ÷ assets | 77.5% |
| Return on equity | -51.3% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 3.4 (safe zone)
- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: Weathered boat · two warning signs · operating cash flow was negative; operating loss: a margin of -28.2% in FY2025
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $423.6M (FY2025), total debt $70.8M. Experience: revenue down 6.4% on the year, down 13.1% a year over 4 years; operating margin -28.2%, down from -22.9%. Soundness: equity 77.5% of assets, return on equity -51.3%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $323.4M and $430.7M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $300.7M to $464.4M. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, retail-eating & drinking places): operating margin -28.2% against a 6.1% median.

Range logged 2026-11-01, receipt 414d5b895955ead9, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-07-16 ([filing](https://www.sec.gov/Archives/edgar/data/1704720/000170472026000140/0001704720-26-000140-index.htm))

## Recent filings

- DEF 14A · filed 2026-10-30 · [filing](https://www.sec.gov/Archives/edgar/data/1704720/000119312526441853/0001193125-26-441853-index.htm)
- 10-Q · filed 2026-08-10 · [filing](https://www.sec.gov/Archives/edgar/data/1704720/000170472026000153/0001704720-26-000153-index.htm)
- 8-K · filed 2026-08-10 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1704720/000170472026000151/0001704720-26-000151-index.htm)
- 8-K · filed 2026-07-31 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1704720/000170472026000146/0001704720-26-000146-index.htm)
- 8-K · filed 2026-07-16 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1704720/000170472026000140/0001704720-26-000140-index.htm)
- 8-K · filed 2026-06-12 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1704720/000170472026000117/0001704720-26-000117-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001704720.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1704720

## Cite

POPS4, Edgar & Edgarette: Cannae Holdings, Inc. (CNNE) company card, from the company's own SEC filings, accessed 2026-11-02, https://www.pops4.com/boards/company/CNNE. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.