11 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 6.3% per year over the past 5 years.
Operating margin has expanded, at -28.2% in the latest year.
Financial health
The company holds more cash ($182M) than total debt ($71M).
Total debt has grown faster than revenue (2.2% vs -6.3% per year).
Operating income covered interest expense -10.1× in the latest year.
The company is unprofitable; at its current free-cash-flow burn it has roughly 6.4 years of cash runway.
Shareholder returns
Dividends have been paid for 2 consecutive years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$424M
-$525M
15.5%
-28.2%
-$29M
$71M
$182M
2024
$453M
-$305M
18.0%
-22.9%
-$97M
$181M
$132M
2023
$570M
-$313M
16.7%
-20.9%
-$98M
$105M
$106M
2022
$662M
-$428M
13.7%
-21.8%
-$219M
$97M
$248M
2021
$742M
-$287M
0.0%
-18.0%
-$190M
$16M
$86M
2020
$586M
$1.8B
0.0%
-32.2%
-$136M
$64M
$725M
2019
$1.1B
$77M
0.0%
-11.0%
-$113M
$127M
$534M
2018
$1.1B
$28M
13.6%
-12.7%
-$39M
$48M
$316M
2017
$1.2B
$109M
14.3%
-6.7%
-$131M
$135M
$246M
2016
$1.2B
-$12M
16.5%
-0.2%
—
$105M
$146M
2015
—
-$23M
—
—
—
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$96M
-$32M
12.8%
-23.0%
-$23M
$70M
$136M
Dec '25
$103M
-$93M
15.2%
-23.3%
$12M
$71M
$182M
Sep '25
$107M
-$68M
17.1%
-12.3%
-$24M
$69M
$234M
Jun '25
$110M
-$239M
17.6%
-55.3%
-$24M
$168M
$67M
Mar '25
$103M
-$113M
11.8%
-20.7%
$7M
$171M
$126M
Dec '24
$110M
-$46M
16.4%
-20.0%
-$14M
$181M
$132M
Sep '24
$114M
-$14M
18.3%
-15.9%
-$34M
$181M
—
Jun '24
$118M
-$155M
21.9%
-19.5%
-$12M
$78M
—
Mar '24
$111M
-$90M
14.9%
-36.7%
-$37M
$79M
—
Dec '23
$119M
-$65M
16.9%
-20.7%
-$36M
$105M
$106M
Sep '23
$144M
-$157M
19.3%
-36.1%
-$22M
$103M
—
Jun '23
$153M
-$87M
16.0%
-12.8%
-$17M
$103M
—
Mar '23
$154M
-$4M
14.7%
-14.7%
-$22M
$102M
—
Dec '22
$156M
$28M
0.0%
-13.3%
-$22M
$97M
$248M
Sep '22
$165M
$55M
14.2%
-12.9%
-$56M
$109M
—
Jun '22
$175M
-$263M
15.2%
-15.5%
-$98M
$107M
—
Mar '22
$167M
-$248M
13.1%
-45.2%
-$43M
$15M
—
Dec '21
$182M
-$109M
0.0%
-20.1%
-$41M
$16M
$86M
Sep '21
$186M
-$121M
16.8%
-13.3%
-$77M
$228M
—
Jun '21
$202M
$176M
20.8%
-17.9%
-$76M
$52M
$271M
Valuation over time
How the market has priced CNNE against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 1.3× (Mar '23) to 1.4× (Jun '26).
The dividend yield has risen from 2.6% (Dec '24) to 5.0% (Jun '26).
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is CNNE growing its revenue and profit?
Over the past 5 years, Cannae Holdings, Inc.'s revenue has declined 6.3% per year. These are computed facts, not advice.
How much debt does CNNE have?
As of FY2025, Cannae Holdings, Inc. reported $71M of total debt against $182M of cash; operating income covered interest expense -10.1×.
What is CNNE's profit margin?
In FY2025, gross margin was 15.5%, operating margin -28.2%, and net margin -123.9%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.