Filing Flows › Cannae Holdings (CNNE) › Q2 2025
Cannae Holdings (CNNE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Cannae Holdings (CNNE) reported revenue of $110M for the second quarter 2025 (Q2 2025), -7% from a year earlier and +7% from the quarter before. Operating margin was -55.3%, net loss $240M (218.2% of revenue).
Cannae Holdings, Q2 2025: revenue $110M (-7% year over year), operating margin -55.3%, net loss $240M, operating cash flow −$21.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $110M | +7% | -7% |
| Operating profit | −$60.9M | — | — |
| Net earnings | −$240M | — | — |
| Operating cash flow | −$21.6M | -337% | — |
What changed
Revenue was $110.2M in Q2 2025, down 7% year over year and up 7% from the previous quarter. Restaurant revenue was the largest line at 92% of revenue. Restaurant revenue lost $5.7M year over year (down 5%), 73% of the total change.
Operating costs exceeded revenue by $60.9M, an operating margin of -55.3%. Total costs grew 21% against a revenue fall of 7%. The fastest-growing cost line was Other operating costs (+64%). The quarter ended with a net loss of $240.5M, wider than the previous quarter's $115.0M loss. Minority interests bore $1.7M of it: to shareholders the quarter was a loss of $238.8M. Net interest and other expense of $181.4M was the main reason.
Operating cash flow was −$21.6M. Non-cash charges added back $3.0M of depreciation and amortization and $11.2M of share-based compensation. Working capital and other items added $204.7M. Capital expenditures of $2.0M exceeded it, leaving free cash flow of −$23.6M.
Questions
What was Cannae Holdings' revenue in the second quarter 2025?
Cannae Holdings (CNNE) reported revenue of $110M for the second quarter 2025 (Q2 2025), -7% from a year earlier and +7% from the quarter before.
Was Cannae Holdings profitable in the second quarter 2025?
Operating loss was $60.9M (-55.3% of revenue) and net loss $240M.
Source: Cannae Holdings 10-Q on SEC EDGAR.