{"schema_version":"secwatch.filing_event.v1","accession":"0001704720-23-000047","form_type":"8-K","ticker":"CNNE","cik":"0001704720","company_name":"Cannae Holdings, Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.124257+00:00","generated_at":"2026-06-15T09:28:43.162373+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Cannae reports Q1 portfolio gains: D&B rev. $540M, Alight rev. $831M; $259M cash","bullets":["D&B Q1 revenue $540M, adj EBITDA $190M above consensus; Cannae holds 79M shares ($853M value).","Alight Q1 rev. $831M (+15% YoY), adj EBITDA $154M (+8.5%); cumulative BPaaS bookings $1.5B milestone.","Ceridian Q1 rev. $370.6M, adj EBITDA $105.4M (+84%); Cannae sold 1M shares for $78M (13x return).","System1 delayed 2022 annual report; Cannae expects no material impact, holds 27.1M shares ($86M).","Liquidity: $259M cash, $85M FNF borrowings, $250M margin loan full; funded $40M to BKFE."],"urls":{"canonical":"https://secwatch.observer/filing/0001704720-23-000047","json":"https://secwatch.observer/filing/0001704720-23-000047.json","markdown":"https://secwatch.observer/filing/0001704720-23-000047.md","text":"https://secwatch.observer/filing/0001704720-23-000047.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1704720/000170472023000047/0001704720-23-000047-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1704720/000170472023000047/cnne-20230509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T09:28:43.162373+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2055822e60a09c55c22b53b85a0168e458de7983","claim":"Cannae Holdings, Inc. reported financial results for the first quarter ended March 31, 2023.","evidence_excerpt":"Cannae Holdings, Inc. (the \"Company\") issued a press release announcing its financial results for the first quarter of 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1704720/000170472023000047/0001704720-23-000047-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}