Cannae Holdings Swings to Q2 Net Income of $37.5M; EPS $0.86

Cannae Holdings, Inc. reported a significant turnaround in Q2 2026, swinging to a net income attributable to common shareholders of $37.5 million, or $0.86 per share, compared to a net loss in the prior year. This was largely influenced by $82.8 million in recognized gains, despite a decrease in total operating revenues to $102.2 million. The company also recorded a $32.1 million goodwill impairment for its 99 Restaurants unit and completed strategic acquisitions and divestments, including the sale of Brasada Ranch for $20.7 million and Watkins for $90.0 million.