Filing Flows › Cannae Holdings (CNNE) › Q4 2024
Cannae Holdings (CNNE) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 27, 2025
Cannae Holdings (CNNE) reported revenue of $110M for the fourth quarter 2024 (Q4 2024), -32% from a year earlier and -20% from the quarter before. Operating margin was -20.0%, net loss $45.8M (41.7% of revenue).
Cannae Holdings, Q4 2024: revenue $110M (-32% year over year), operating margin -20.0%, net loss $45.8M, operating cash flow −$12.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $110M | -20% | -32% |
| Operating profit | −$22.0M | — | — |
| Net earnings | −$45.8M | — | — |
| Operating cash flow | −$12.0M | — | — |
What changed
Revenue was $109.9M in Q4 2024, down 32% year over year and down 20% from the previous quarter. Restaurant revenue was the largest line at 94% of revenue.
Operating costs exceeded revenue by $22.0M, an operating margin of -20.0%. Total costs fell 29% while revenue fell 32%. The quarter ended with a net loss of $45.8M, wider than the previous quarter's $17.5M loss. Net interest and other expense of $38.4M was the main reason.
Operating cash flow was −$12.0M. Non-cash charges added back $3.3M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items added $26.8M. Capital expenditures of $2.4M exceeded it, leaving free cash flow of −$14.4M.
Questions
What was Cannae Holdings' revenue in the fourth quarter 2024?
Cannae Holdings (CNNE) reported revenue of $110M for the fourth quarter 2024 (Q4 2024), -32% from a year earlier and -20% from the quarter before.
Was Cannae Holdings profitable in the fourth quarter 2024?
Operating loss was $22.0M (-20.0% of revenue) and net loss $45.8M.
Source: Cannae Holdings 10-K on SEC EDGAR.