Short answer
Cannae Holdings (CNNE) filed its Q2 2025 10-Q quarterly report on Aug 11, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $110M (down 6.6% year over year) with net income of −$239M.
Q2 2025 key financials · XBRL
- Revenue
- $110M
- −6.6% YoY · +6.8% QoQ
- Net income
- −$239M
- −54.1% YoY · −111.3% QoQ
- Operating margin
- -55.3%
- EPS (diluted)
- −$3.91
- −62.2% YoY · −116.0% QoQ
Source: XBRL data from the Cannae Holdings (CNNE) Q2 2025 10-Q on SEC EDGAR. USD.
Cannae Holdings Q2 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $110.2M for Q2 FY25, down 6.5% YoY from $118.0M in Q2 FY24, driven by Restaurant Group decline
- Operating loss increased to 55.2% margin (loss $60.9M on $110.2M revenue) vs. 19.5% loss margin ($23.0M on $118.0M) YoY
- Best segment: Black Knight Football revenue up 23.9% YoY to $61.2M last quarter; worst: Restaurant Group revenue down 5.3% YoY with operating loss $1.8M vs income $2.1M prior year
- Net loss $240.5M vs $155.0M YoY; equity losses from Alight $81.7M in Q2 FY25 vs $2.2M earnings prior year due to Alight goodwill impairment
- Cash use impacted by $68.1M D&B investment impairment, $59.1M Alight impairment, and $17.2M executive transition costs; outlook notes headwinds in comparable store sales with 12.1%-13.6% decrease at O’Charley’s and 99 Restaurants
Risk Factors
- New proxy contest risk initiated by shareholder nomination effort impacting Board composition and strategy
- Most material update: potential Board and executive changes could disrupt operations and increase costs for legal and advisory fees
- Regulatory/legal risk: shareholder activism may lead to public disputes damaging reputation and straining investor relations
- Operational risk: management distraction from core business due to proxy contest could impair near-term execution
- Financial risk: increased legal and advisory expenses related to proxy contest could negatively affect financial condition
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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