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

Other segment segments

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-$11.4M+77.2%

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KNTKNet (loss) income attributable to Common Unit limited partners
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JBIJanus North America — Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization
$31.5M-14.6%

Other financials

Income statement

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Revenue$96.2M-6.8%
Gross profit$12.3M+0.8%
Operating income-$22.1M-3.3%
Net income-$32.1M+71.6%
EPS (diluted)-$0.70+61.3%

Balance sheet

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Cash & equivalents$135.7M+7.5%
Total debt$203.9M-36.0%
Total equity$958.9M-44.2%
Total assets$1.2B-40.9%

Cash flow

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Operating cash flow-$21.2M-333%
CapEx$1.8M-5.3%
Free cash flow-$23.0M-419%

Valuation

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Market cap$612.97M-51.0%
Enterprise value$681.17M-52.8%
P/S1.5×-1.3×

Profitability

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Gross margin15.8%-1.5pp
Operating margin-28.9%+31.4pp
Net margin-106.6%+86.4pp
FCF margin-12.8%-4.3pp

Returns & leverage

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Return on equity-33.2%-1,375pp
Debt / equity0.2×0.0×
Current ratio1.7×-2.5×

Where this comes from

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

Tagged under the XBRL concept us-gaap:ProfitLoss.

The official record: Cannae Holdings, Inc.’s 10-K, filed March 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.