---
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"
generated_at: "2026-06-15T09:28:43.162373+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cannae reports Q1 portfolio gains: D&B rev. $540M, Alight rev. $831M; $259M cash

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001704720-23-000047
- JSON: https://secwatch.observer/filing/0001704720-23-000047.json
- Plain text: https://secwatch.observer/filing/0001704720-23-000047.txt

## Key facts
- Earnings Releases
  Cannae Holdings, Inc. reported financial results for the first quarter ended March 31, 2023.
  - Period: the first quarter ended March 31, 2023
  - Result: reported results
  source text: Cannae Holdings, Inc. (the "Company") issued a press release announcing its financial results for the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1704720/000170472023000047/0001704720-23-000047-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.