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Cannae Holdings, Inc. CNNE JANA Partners — Net earnings (loss)

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Other financials

Income statement

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Revenue$102.2M-7.3%
Gross profit$16.9M-12.9%
Operating income-$56.8M+6.7%
Net income$37.5M+116%
EPS (diluted)$0.86+122%

Balance sheet

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Cash & equivalents$70.4M+5.5%
Total debt$199.7M-36.2%
Total equity$957.6M-30.7%
Total assets$1.3B-29.5%

Cash flow

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Operating cash flow-$5.2M+75.9%
CapEx$3.1M+55.0%
Free cash flow-$8.3M+64.8%

Valuation

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Market cap$649.44M-48.6%
Enterprise value$778.74M-48.4%
P/S1.6×-1.3×

Profitability

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Gross margin15.5%-0.7pp
Operating margin-28.4%+0.5pp
Net margin-41.1%-14.8pp
FCF margin-12.8%-4.3pp

Returns & leverage

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Return on equity-14.3%-4.3pp
Debt / equity0.2×0.0×
Current ratio1.2×-1.5×

Where this comes from

Reported directly by Cannae Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ProfitLoss.

The source filing: Cannae Holdings, Inc.’s 10-K, filed March 2, 2026.

Filed
Mar 2, 2026, 3:24 PM EST
Fiscal year
FY2025
Accession
0001704720-26-000045
Line itemRestaurant GroupAlightBKFCJANATotal Reportable SegmentsCorporateand OtherTotal Consolidated
Cost of revenue358.0358.0
Depreciation and amortization9.79.7
Other segment items (1)50.950.9
Interest expense6.46.4
Equity in (losses) earnings of unconsolidated affiliates(236.8)(11.4)4.4(243.8)
Net (loss) earnings from continuing operations$(34.5)$(236.8)$(11.4)$4.4$(278.3)$(148.7)$(427.0)
Assets$252.5$73.8$147.3$141.1$614.7$706.0$1,320.7
Goodwill53.453.453.4

Item 8. Financial Statements and Supplementary Data

FAQ

What is Cannae Holdings, Inc.'s JANA partners — net earnings (loss)?
Cannae Holdings, Inc. (CNNE) reported JANA partners — net earnings (loss) of $1.1M in Q4 2025.
How has Cannae Holdings, Inc.'s JANA partners — net earnings (loss) changed year-over-year?
Cannae Holdings, Inc.'s JANA partners — net earnings (loss) increased by 83.3% year-over-year, from $600K to $1.1M.
What does JANA partners — net earnings (loss) mean?
This metric represents the net profit or loss generated by the JANA Partners investment segment within the holding company structure. It reflects the segment's contribution to the parent company's bottom line after accounting for all operational expenses and investment-related gains or losses. Investors use this figure to evaluate the financial performance and value creation of this specific investment vehicle relative to the broader corporate portfolio.

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