Filing Flows › Cannae Holdings (CNNE) › Q1 2025
Cannae Holdings (CNNE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Cannae Holdings (CNNE) reported revenue of $103M for the first quarter 2025 (Q1 2025), -1% from a year earlier and -6% from the quarter before. Operating margin was -20.7%, net loss $115M (111.4% of revenue).
Cannae Holdings, Q1 2025: revenue $103M (-1% year over year), operating margin -20.7%, net loss $115M, operating cash flow $9.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $103M | -6% | -1% |
| Operating profit | −$21.4M | — | — |
| Net earnings | −$115M | — | — |
| Operating cash flow | $9.1M | — | — |
| Free cash flow | $7.2M | — | — |
What changed
Revenue was $103.2M in Q1 2025, down 1% year over year and down 6% from the previous quarter. Restaurant revenue was the largest line at 96% of revenue. Restaurant revenue lost $7.4M year over year (down 7%), 740% of the total change.
Operating costs exceeded revenue by $21.4M, an operating margin of -20.7%. Total costs fell 14% while revenue fell 1%. The quarter ended with a net loss of $115.0M, wider than the previous quarter's $45.8M loss. Minority interests bore $2.0M of it: to shareholders the quarter was a loss of $113.0M. Net interest and other expense of $73.4M was the main reason.
Operating cash flow was $9.1M. Non-cash charges added back $3.1M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items added $117.3M. Capital expenditures of $1.9M left free cash flow of $7.2M.
Questions
What was Cannae Holdings' revenue in the first quarter 2025?
Cannae Holdings (CNNE) reported revenue of $103M for the first quarter 2025 (Q1 2025), -1% from a year earlier and -6% from the quarter before.
Was Cannae Holdings profitable in the first quarter 2025?
Operating loss was $21.4M (-20.7% of revenue) and net loss $115M.
Source: Cannae Holdings 10-Q on SEC EDGAR.