Quarterly ResultMay 11, 2026, 05:12 PM
Cannae Holdings Q1 Net Loss $(32.1)M, EPS $(0.70); Repurchases $15.2M
AI Summary
Cannae Holdings reported a net loss attributable to common shareholders of $(32.1) million, or $(0.70) per share, for the first quarter of 2026, a significant improvement from the prior year's loss. Total operating revenues for the quarter were $96.2 million, down from $103.2 million year-over-year. The company continued its share repurchase program, buying back 1.185 million shares for $15.2 million in Q1 2026 and an additional 2.1 million shares for $27.2 million post-quarter. Strategic developments include Black Knight Football's acquisition of the remaining 60% of FC Lorient for $70.3 million and the termination of a revolving loan facility.
Key Highlights
- Black Knight Football (BKFC) acquired the remaining 60% equity interest in FC Lorient for $70.3 million in January 2026.
- Net loss attributable to common shareholders was $(32.1) million for Q1 2026, an improvement from $(113.0) million in Q1 2025.
- Basic and diluted net loss per share was $(0.70) for Q1 2026, compared to $(1.81) in Q1 2025.
- Total operating revenues decreased to $96.2 million in Q1 2026 from $103.2 million in Q1 2025.
- The company repurchased 1.185 million shares for approximately $15.2 million under the 2025 Repurchase Program in Q1 2026.
- An additional 2.1 million shares were repurchased for $27.2 million from April 1 to May 8, 2026.
- Quarterly dividends of $0.15 per share were declared for both Q1 and Q2 2026.
- Cannae Funding A, LLC prepaid and terminated its revolving Margin Loan Agreement with Bank of America in March 2026.
Price Impact
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