Company Analysis

Cannae Holdings, Inc. (CNNE)

NYSE: CNNE · Retail-Eating & Drinking Places · Las Vegas, NV · filing with the SEC since 2017
Grade4.1
◀ Past 4.0● Present 4.3▶ Future 4.0
1 est.

The grade of Cannae Holdings, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.1/10
◀ Past4.025% of the headline
● Present4.345% of the headline
▶ Future4.030% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.0/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
3.1/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2025-05-27.

weight 45% of this tense · 31st percentile among 8 sector filers · read for itself

From the record

Cannae Holdings, Inc.'s filings since 2017 show 2 warning events of 2 kinds: an auditor change (8-K item 4.01, the latest 2025-05-27); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2019-03-04) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
1.6/10

What has it actually done, year after year?

-10.7% a year over 10 filed years; profitable in 4 of 10.

weight 33% of this tense · 16th percentile among 8 sector filers · read for its customers

From the record

Cannae Holdings, Inc.'s 10 filed years say what it did: revenue went from $1.2 billion in fiscal 2016 to $424 million in fiscal 2025, down 10.7% a year; it rose in 1 of 9 years; the deepest fall was 64% from fiscal 2016 to fiscal 2025; net income was positive in 4 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-10.7%bottom 6% of its family
  • the share of years revenue rosebottom 6% of its family
  • the share of filed years with a profitbottom 31% of its family
  • the deepest fall from a revenue peak64.1%bottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
9.3/10

How has it treated the people who own it?

SI estimate 9.3/10, confidence 35 of 100 (one part).

weight 22% of this tense · 93rd percentile among 8 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 7% of 8 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 8 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Cannae Holdings, Inc.'s shareholder treatment is put at 9.3 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 7% of 8 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.3/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
5.2/10

Is it financially healthy right now?

ROE -52%: lost 52¢ per shareholder dollar. Leverage 25%: owes 25¢ per asset dollar.

weight 45% of this tense · 52nd percentile among 8 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Cannae Holdings, Inc. lost about 52 cents for every dollar of shareholders' money, and gross profitability: its products earned about 5 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 25 cents per dollar of assets, and net share issuance: its share count shrank 12.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 6% of its family
  • return on equitybottom 8% of its family
  • gross profit against assetsbottom 13% of its family
  • the share count against the year beforetop 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
1.6/10

How strong is its position in its industry?

bottom 16% of 8 in its family; net margin -121.2%.

weight 33% of this tense · 16th percentile among 8 sector filers · read for its customers

From the record

Cannae Holdings, Inc.'s standing among 8 graded names in its industry family: revenue of $424 million in fiscal 2025 ranks in the bottom 36% by size; a net margin of -121.2% ranks in the bottom 6%; revenue growth of -13.8% a year over the last 3 filed years ranks in the bottom 6% (its annual reports).

What it rests on

  • revenue against the family$424Mbottom 36% of its family
  • net margin-121.2%bottom 6% of its family
  • three-year revenue growth-13.8%bottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
6.5/10

What are the people in charge doing?

top 35% of 6 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 65th percentile among 6 sector filers · read for its shareholders

From the record

Cannae Holdings, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Caswell, Ryan R. (CEO, as filed), filing under that title since 2025-08-15, 1.2 years (bottom 25% of its family); the 19 officers and directors filing in the last fifteen months have been on the record a median of 6.3 years (top 8%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 19 people in charge now (top 21%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge6 in three years among 19 peopletop 21% of its family
  • the median years the people in charge have filed6.3 yearstop 8% of its family
  • the chief executive's years on the record1.2 yearsbottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.0/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.6/10

How much room does it have to grow?

bottom 46% of 8 in its family for room to expand.

weight 22% of this tense · 46th percentile among 8 sector filers · read for itself

From the record

Cannae Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $182 million against debt of $71 million leaves 8.4% of its assets as net cash, top 19% of its family; cash from operations less capital spending is -6.7% of revenue (bottom 19%); a gross margin of 15.5% (bottom 38%) (its annual report).

What it rests on

  • cash less debt against assets8.4%top 19% of its family
  • cash from operations less capital spending against revenue-6.7%bottom 19% of its family
  • gross margin15.5%bottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.5/10

What could actually drive growth from here?

bottom 35% of 8 in its family for growth drivers.

weight 45% of this tense · 35th percentile among 8 sector filers · read for its customers

From the record

Cannae Holdings, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -13.8% a year over the last three filed years against -10.7% over all 10, slowing (top 44% of its family); the newest year grew -6.4% (bottom 19%); capital spending grew -10.1% a year (bottom 31%) (its annual reports). Cannae Holdings, Inc. reported 2 lines of business in fiscal 2025: Restaurant Group at $391 million (92%), Other Operating Revenue at $33 million (8%); 1 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-3.1 points a yeartop 44% of its family
  • the newest year's revenue growth-6.4%bottom 19% of its family
  • three-year growth of capital spending-10.1%bottom 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.2/10

Did its newest year beat what its own record pointed to?

bottom 42% of 6 in its family for expectations against reality.

weight 33% of this tense · 42nd percentile among 6 sector filers · read for its shareholders

From the record

Cannae Holdings, Inc.'s newest year against its own record: revenue of $424 million in fiscal 2025 came in 13.2% above the $374 million its prior three years' pace pointed to (top 8% of its family); net income of $513 million against a prior three-year average of $349 million (bottom 25%); a net margin of a loss larger than its revenue against -62.3% before (bottom 8%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace13.2%top 8% of its family
  • net income against the prior three years' average-47%bottom 25% of its family
  • net margin against its prior average-58.8 pointsbottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CNNE · research, not advice