v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 135.7 $ 182.0
Income taxes receivable 48.1 48.8
Other current assets 24.9 25.7
Total current assets 208.7 256.5
Investments in unconsolidated affiliates 634.5 643.5
Equity securities, without a readily determinable fair value 148.3 147.3
Equity securities, at fair value 1.1 1.4
Lease assets 108.7 116.9
Property and equipment, net 44.5 49.0
Goodwill 53.4 53.4
Deferred tax asset 1.0 0.6
Other intangible assets, net 12.7 13.2
Other long-term investments and non-current assets 26.7 27.1
Total assets 1,239.6 1,308.9
Current liabilities:    
Accounts payable and other accrued liabilities, current 86.5 91.9
Lease liabilities, current 15.6 15.4
Deferred revenue 14.5 16.1
Notes payable, current 5.8 6.3
Total current liabilities 122.4 129.7
Lease liabilities, long-term 118.0 122.8
Notes payable, long-term 64.5 64.5
Accounts payable and other accrued liabilities, long-term 12.3 12.8
Total liabilities 317.2 329.8
Commitments and contingencies - see Note H
Equity:    
Cannae common stock, 0.0001 par value; authorized 115,000,000 shares as of March 31, 2026 and December 31, 2025; issued of 95,320,747 and 94,925,400 shares as of March 31, 2026 and December 31, 2025, respectively, and outstanding of 45,611,416 and 46,703,745 shares as of March 31, 2026 and December 31, 2025, respectively (excluding the 2,421,174 shares subject to possible redemption) 0.0 0.0
Preferred stock, 0.0001 par value; authorized 10,000,000 shares; none issued and outstanding as of March 31, 2026 and December 31, 2025 0.0 0.0
Retained (deficit) earnings (27.5) 11.5
Additional paid-in capital 2,043.5 2,040.5
Less: Treasury stock, 49,709,331 and 48,221,655 shares as of March 31, 2026 and December 31, 2025, respectively, at cost (1,063.1) (1,046.5)
Accumulated other comprehensive income 6.0 6.5
Total Cannae shareholders' equity 958.9 1,012.0
Noncontrolling interests (36.5) (32.9)
Total equity 922.4 979.1
Total liabilities and equity $ 1,239.6 $ 1,308.9