Short answer
Cannae Holdings (CNNE) filed its fiscal 2024 10-K annual report with the SEC on Feb 27, 2025. It reported revenue of $453M (−20.6% year over year) and net income of −$305M.
- Top risk flagged: Regulatory risk from FTC Consent Order requiring compliance until 2042, potentially increasing expenses and limiting solution availability
FY2024 key financial metrics · XBRL
- Revenue
- $453M
- −20.6% YoY
- Net income
- −$305M
- +2.8% YoY
- Operating margin
- -22.9%
- −2.1 pp YoY
- EPS (diluted)
- −$4.73
- −10.8% YoY
- ROE
- -16.6%
- −3.1 pp YoY
- Operating cash flow
- −$90M
- −2.6% YoY
Source: XBRL data from the Cannae Holdings (CNNE) FY2024 10-K on SEC EDGAR. USD.
Cannae Holdings FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Long-term acquisition and active management of equity stakes in diverse operating companies
- New emphasis on Black Knight Football multi-club sports model with 47.2% stake in AFC Bournemouth EPL and minority in other clubs
- Strategic shift: Third Amended Management Services Agreement effective 2024 reduces fixed management fee to $7.6M annually, with termination option in 2027
- Most notable metric: Ownership interests include 15.6% in Dun & Bradstreet with nearly 600 million organizations in its Data Cloud as of Dec 31, 2024
- Unique asset: Minden Mill estate distillery located in historic 100-year-old buildings on National Register of Historic Places
Management Discussion & Analysis
- No revenue, profitability, segment performance, or cash flow data disclosed in this section
- Key risk: Restaurant Group exposed to commodity price volatility in beef, seafood, produce affecting food costs
- Pricing rigidity: Menu prices set in advance, limiting ability to pass higher costs to customers
- No use of financial hedges against commodity price fluctuations disclosed
- Risk of adverse operational impact from cost increases and supply disruptions due to weather and regulation
Risk Factors
- Regulatory risk from FTC Consent Order requiring compliance until 2042, potentially increasing expenses and limiting solution availability
- Geopolitical risk from data transfer restrictions under EU's Schrems II, China's DSL and PIPL, and 2024 U.S. Executive Order 14117 limiting cross-border data flows
- Operational risk of Manager resignation with 180-day notice risking management disruption and integration delays impacting business continuity
- Competitive risk from rivals using alternative business identifiers reducing demand for D&B’s D-U-N-S Number and solutions
- Financial risk tied to Management Services Agreement negotiated with related parties possibly less favorable to company terms
Generated from the filing text; verify against the original. How to read a 10-K
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