Cannae reported a Q4 2025 net loss attributable to shareholders of USD 93 million (USD 1.93 per share), versus a Q4 2024 net loss of USD 46.1 million (USD 0.74 per share). In FY 2025, net loss attributable to shareholders was USD 513.2 million (USD 9.08 per share), versus USD 304.6 million (USD 4.73 per share) in FY 2024. Q4 2025 total operating revenues were USD 103.3 million and FY 2025 total operating revenue was USD 423.6 million. As of Dec. 31, 2025, Cannae had cash and cash equivalents of USD 182 million, total assets of USD 1.32 billion and total liabilities of USD 329.8 million. In its Q4 2025 update, Cannae highlighted 2025 portfolio actions including the sale of Dun & Bradstreet to Clearlake Capital for total proceeds of USD 630 million to Cannae, repurchase of USD 323 million of stock (28% of shares outstanding), and an increased dividend. The company said it is accelerating portfolio transformation to focus primarily on sports and entertainment-related investments and is exploring strategic alternatives for its Restaurant Group. Cannae also disclosed that, as of Feb. 20, 2026, it had USD 249 million invested for an approximate 42% ownership interest in Black Knight Football, USD 118 million invested (net of distributions) for a 50% stake in JANA Partners (plus up to USD 26 million of contingent consideration) and a separate USD 50 million investment in a JANA fund, USD 80 million invested in Watkins for a 49.1% stake, and USD 161 million invested in its Restaurant Group.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cannae Holdings Inc. published the original content used to generate this news brief on February 23, 2026, and is solely responsible for the information contained therein.