secwatch.observer — SEC 8-K summary
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Issuer:     Cannae Holdings, Inc. (CNNE)
CIK:        0001704720
Form:       8-K
Filed at:   2026-02-23T23:59:59+00:00
Accession:  0001704720-26-000025
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704720/000170472026000025/0001704720-26-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704720/000170472026000025/cnne-20260223.htm
  HTML page:      https://secwatch.observer/filing/0001704720-26-000025

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer