Cannae Holdings Reports Q2 2025 Earnings, CEO Discusses Financial Results.

Cannae Holdings reported Q2 2025 earnings, with CEO Ryan Caswell and CFO Bryan Coy on the call. The company's forward-looking statements involve risks and uncertainties, and actual results may differ from projections. The quarterly shareholder letter and other SEC filings provide further information.

Title: Cannae Holdings Reports Q2 2025 Earnings with Significant Losses and Management Changes

Cannae Holdings, a diversified holding company, has released its Q2 2025 earnings report, revealing substantial losses and significant management changes. The company reported a net loss of $240.5 million for the quarter and $355.5 million for the six months, which translates to a basic net loss per share of $(3.93) for the quarter and $(5.72) for six months [1].

The company's operating revenues totaled $110.2 million in the quarter, with an operating loss of $60.9 million. Equity in losses of unconsolidated affiliates amounted to $(95.7) million for the quarter. Notable significant items include a $59.1 million other-than-temporary impairment of Alight and a $68.1 million impairment related to Dun & Bradstreet after reclassifying D&B as a discontinued operation and held for sale ($528.0 million) [1].

Cannae Holdings sold 10.0 million D&B shares for $89.5 million and retained approximately 59.0 million shares, representing about 13.2% of the total. The balance sheet shows a decline in total assets to $1,785.8 million from $2,228.9 million, a reduction in cash to $66.7 million from $131.5 million, and a decrease in investments in unconsolidated affiliates to $629.9 million [1].

The company also recorded management changes and related payments, including a $17.2 million lump-sum payment to William Foley and accelerated equity vesting. On May 12, 2025, the company terminated the Management Services Agreement and recorded scheduled termination and remaining management fee payments payable through 2026, plus a $17.2 million lump-sum payment to William Foley and acceleration of his unvested equity awards [1].

Cannae Holdings' Q2 2025 earnings are dominated by non-operational items, including equity in losses of unconsolidated affiliates and recognized impairments. The company's restaurant operations generated $101.9 million in revenue but incurred an operating loss of $60.9 million, reflecting higher personnel and other operating expenses. The sale of 10.0 million D&B shares contributed $89.5 million in proceeds, reducing operating cash outflow to $12.5 million used year-to-date [1].

The balance sheet reflects classification of D&B as held for sale ($528.0 million) and a current $101.0 million margin facility balance, warranting close monitoring of near-term liquidity and leverage metrics. The company's forward-looking statements involve risks and uncertainties, and actual results may differ from projections. Further details can be found in the quarterly shareholder letter and other SEC filings.

References:
[1] https://www.stocktitan.net/sec-filings/CNNE/10-q-cannae-holdings-inc-quarterly-earnings-report-f911a32f67be.html