---
schema_version: "secwatch.filing_event.v1"
accession: "0001704720-26-000025"
form_type: "8-K"
ticker: "CNNE"
cik: "0001704720"
company_name: "Cannae Holdings, Inc."
filed_at: "2026-02-23T23:59:59+00:00"
generated_at: "2026-05-16T01:12:02.854930+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "medium"
source: SEC EDGAR
---

# Cannae Holdings Q4 2025 results released; SOTP shows illustrative NAV of $24.31/share

## Summary
- Company posted Q4 2025 financial results to website; conference call at 5pm ET Feb 23 (dial-in: 844-826-3035).
- Sum of the Parts analysis as of Feb 23, 2026: illustrative net asset value of $1.126B, or $24.31 per share.
- Key holdings: BKFC $259.5M, Alight $92.9M, JANA $78M, Watkins $120.1M, CSI $92.7M.
- Managing strategic alternatives for Restaurant Group; value not included in SOTP.
- Holding company cash/short-term investments $146.6M; $47.5M debt outstanding on 5% FNF note.

## SEC filing metadata
- accession: 0001704720-26-000025
- form_type: 8-K
- ticker: CNNE
- cik: 0001704720
- company_name: Cannae Holdings, Inc.
- filed_at: 2026-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: medium
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1704720/000170472026000025/0001704720-26-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1704720/000170472026000025/cnne-20260223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001704720-26-000025
- JSON: https://secwatch.observer/filing/0001704720-26-000025.json
- Plain text: https://secwatch.observer/filing/0001704720-26-000025.txt

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