Cannae Holdings, Inc. income statement
In fiscal 2025, Cannae Holdings, Inc. reported revenue of $424m, down 6.4% on the year before, operating income of −$120m (a -28.2% margin) and net income of −$525m, or −$9.29 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,429 | 1,191 | 1,167 | 1,321 | 1,443 | 2,965 | 453 | 483 | 500 | 453 | 424 | 409 |
| Cost of revenue | — | 984 | 991 | 991 | — | — | — | 571 | 475 | 371 | 358 | 345 |
| Gross profit | — | 207 | 176 | 329 | — | — | — | −88 | 25 | 81 | 66 | 63 |
| Operating income | −12 | −2 | −78 | −146 | −118 | −189 | −134 | −145 | −119 | −104 | −120 | −116 |
| Interest expense | 6 | 5 | 7 | 5 | 18 | 9 | 10 | 12 | 18 | 12 | 12 | 8 |
| Income before tax | −4 | 5 | −74 | 23 | 238 | 2,182 | −433 | −336 | −200 | −252 | −191 | −40 |
| Income tax | −20 | −10 | −14 | 15 | 24 | 481 | −74 | −90 | −72 | 3 | 25 | 9 |
| Net income | −23 | −12 | 109 | 28 | 77 | 1,786 | −287 | −428 | −313 | −305 | −525 | −168 |
| Diluted EPS | −$0.32 | −$0.18 | $1.54 | $0.39 | $1.07 | $20.79 | −$3.19 | −$5.25 | −$4.27 | −$4.73 | −$9.29 | −$3.49 |
| Diluted shares (average) | 71m | 71m | 71m | 71m | 72m | 86m | 90m | 82m | 73m | 64m | 57m | 48m |
| EBITDA | 53 | 61 | −19 | −85 | −63 | −158 | −107 | −122 | −100 | −90 | −108 | −105 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 138 | 237 | 103 | 110 | 107 | 103 | 96 | 102 |
| Cost of revenue | 93 | 92 | 91 | 91 | 89 | 88 | 84 | 85 |
| Gross profit | 45 | 145 | 12 | 19 | 18 | 16 | 12 | 17 |
| Operating income | −18 | −22 | −21 | −61 | −13 | −24 | −22 | −57 |
| Interest expense | 3 | 4 | 4 | 3 | 3 | 2 | 2 | 1 |
| Income before tax | 3 | −48 | −17 | −136 | −7 | −32 | −30 | 28 |
| Income tax | −6 | −11 | 20 | −2 | −4 | 10 | 1 | 2 |
| Net income | −14 | −46 | −113 | −239 | −68 | −105 | −32 | 38 |
| Diluted EPS | −$0.22 | −$0.76 | −$1.81 | −$3.93 | −$1.25 | −$2.20 | −$0.70 | $0.86 |
| EBITDA | −15 | −19 | −18 | −58 | −10 | −21 | −20 | −54 |
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