Cannae Holdings, Inc. 2026: Revenue $102.2M, EPS $0.86— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Cannae Holdings reported Q2 2026 revenue of $102.2M and net income of $37.5M, with diluted EPS of $0.86, a significant turnaround from the prior year's loss. Restaurant revenues declined 9.7% due to lower comparable-store sales and closures, including a $32.1M goodwill write-down for 99 Restaurants. Conversely, equity-method investments like BKFC drove growth through Premier League activity and trading gains.
Cannae Holdings, Inc. reported results for the 2026 quarter with revenue of $102.2M and net income of $37.5M, compared with revenue of $110.2M and a net loss of ($238.8M) in the prior-year quarter; diluted earnings per share was $0.86 versus ($3.93) a year earlier.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $102.2M | $110.2M | (7.3%) |
| Net income² | $37.5M | ($238.8M) | 115.7% |
| Diluted EPS³ | $0.86 | ($3.93) | 121.9% |
¹ Reported as “Total operating revenues”. ² Reported as “Net income (loss) attributable to Cannae Holdings, Inc. common shareholders”. ³ Reported as “Net income (loss) per share”.
Business Highlights
- Restaurant revenues declined, with overall restaurant sales down about 9.7% in the quarter and 8.5% year-to-date, driven by lower comparable-store sales and closed locations.
- O'Charley's comparable sales fell roughly 13% in the quarter with notable guest count declines; 99 Restaurants posted modest comparable declines.
- The company recorded non-cash impairments, including a $32.1M goodwill write-down related to 99 Restaurants, and is continuing a portfolio transformation that includes a strategic review of its restaurant group.
- Equity-method investments materially affected results. BKFC contributed revenue growth tied to Premier League activity and player trading gains; holdings such as Alight and JANA also impacted performance.
Original SEC Filing: Cannae Holdings, Inc. [ CNNE ] - 10-Q - Aug. 10, 2026