olivLaw · US equity research
Cannae Holdings, Inc. CNNE
Retail-Eating & Drinking Places · SIC 5810 · Vertical: Retail-Eating & Drinking Places (SIC 5810)
Cannae Holdings is a holding company that acquires and actively manages stakes in operating companies, with a notable component in casual dining restaurants. In the second quarter of 2026, total operating revenues were 102.2 million USD, and the company is reviewing strategic alternatives for its restaurant group.
At the close of 04 Nov 2026, Cannae Holdings, Inc. (CNNE) stock was 18.27 USD (+3.51% on the day), with market capitalisation 792.4 m USD, dividend yield 3.28%, beta 0.86, 52-week range 10.64–18.27 USD. Latest reported quarter (Q2 2026): revenue of 102.2 m USD (−7.3% YoY), net income of 37.5 m USD, diluted EPS 0.86 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 81.0
- overbought (≥ 70)
- Bollinger (20, 2)
- 15.00 – 17.92
- above the upper band · %B 1.12 · band width 17.7%
- SMA 50 / 200
- 15.89 / 14.23
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.55 / 0.37
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +17.2% | −1.1% | +18.3 pp | — |
| 3 months | +22.7% | −0.5% | +23.2 pp | — |
| 6 months | +33.1% | +4.4% | +28.7 pp | — |
| Year to date | +16.1% | +12.3% | +3.8 pp | — |
| 1 year | +3.2% | +13.5% | −10.4 pp | −16.8% |
| 3 years | +2.8% | +76.4% | −73.6 pp | +10.5% |
| 5 years | −48.9% | +63.7% | −112.5 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 138.1 m | 236.6 m | 103.2 m | 110.2 m | 106.9 m | 103.3 m | 96.2 m | 102.2 m |
| Cost of revenue | 93.0 m | 91.9 m | 91.0 m | 90.8 m | 88.6 m | 87.6 m | 83.9 m | 85.3 m |
| Operating income | -18.1 m | -22.0 m | -21.4 m | -60.9 m | -13.2 m | -24.1 m | -22.1 m | -56.8 m |
| Depreciation & amortisation | 3.3 m | 3.3 m | 3.1 m | 3.0 m | 2.9 m | 2.9 m | 2.6 m | 2.4 m |
| Interest expense | 2.9 m | 4.1 m | 3.8 m | 3.3 m | 3.3 m | 1.5 m | 2.3 m | 1.2 m |
| Pre-tax income | 2.9 m | -48.1 m | -16.6 m | -135.6 m | -6.5 m | -31.8 m | -29.5 m | 28.3 m |
| Income tax | -6.4 m | -10.9 m | 20.2 m | -1.8 m | -3.8 m | -1.6 m | 500.0 k | 1.7 m |
| Net income | -13.6 m | -46.1 m | -113.0 m | -238.8 m | -68.4 m | -93.0 m | -32.1 m | 37.5 m |
| Diluted EPS | -0.22 | -0.74 ≈ | -1.81 | -3.93 | -1.25 | -1.93 ≈ | -0.70 | 0.86 |
| Operating cash flow | -31.9 m ≈ | -12.0 m | 9.1 m | -21.6 m ≈ | -21.6 m ≈ | 16.0 m | -21.2 m | -5.2 m ≈ |
| Capex | 1.7 m ≈ | 2.4 m | 1.9 m | 2.0 m ≈ | 2.5 m ≈ | 4.0 m | 1.8 m | 3.1 m ≈ |
| Dividends paid | 7.4 m ≈ | 7.5 m | 7.6 m | 7.8 m ≈ | 8.0 m ≈ | 7.1 m | 6.9 m | 6.6 m ≈ |
| Share repurchases | -200.0 k ≈ | 200.0 k | 0 | 112.9 m ≈ | 119.7 m ≈ | 87.1 m | 14.7 m | 32.2 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.3 bn | 1.4 bn | 3.0 bn | 452.5 m | 483.4 m | 499.7 m | 452.5 m | 423.6 m |
| Revenue YoY | +13.2% | +9.3% | +105.4% | −84.7% | +6.8% | +3.4% | −9.4% | −6.4% |
| Net income | 27.6 m | 77.3 m | 1.8 bn | -287.0 m | -428.1 m | -313.4 m | -304.6 m | -513.2 m |
| Net income YoY | −74.6% | +180.1% | +2,210.7% | −116.1% | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | 0.39 | 1.07 | 20.79 | -3.19 | -5.25 | -4.27 | -4.73 | -9.08 |
| Diluted EPS YoY | −74.7% | +174.4% | +1,843.0% | −115.3% | unavailable | unavailable | unavailable | unavailable |
| net % | 2.1% | 5.4% | 60.2% | -63.4% | -88.6% | -62.7% | -67.3% | -121.2% |
| Free cash flow | -38.5 m | -112.5 m | -136.2 m | -189.8 m | -219.4 m | -97.8 m | -97.1 m | -28.5 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 182.0 m USD
- Financial debt
- 70.8 m USD
- Net debt
- -111.2 m USD
- Equity
- 979.1 m USD
- Total assets
- 1.3 bn USD
- Debt / equity
- 0.07x
- Current ratio
- 1.98x
- ROE
- -36.7%
- ROA
- -29.0%
- FCF margin
- -6.7%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 3.0 bn | 452.5 m | 483.4 m | 499.7 m | 452.5 m | 423.6 m | SEC (XBRL)· 02 Mar 2026verified |
| Cost of revenue | — | — | 571.4 m | 474.9 m | 371.2 m | 358.0 m | SEC (XBRL)· 02 Mar 2026verified |
| Gross profit | — | — | -88.0 m ≈ | 24.8 m ≈ | 81.3 m ≈ | 65.6 m ≈ | SEC (XBRL)· 02 Mar 2026derived |
| Operating income | -188.5 m | -133.5 m | -144.6 m | -118.9 m | -103.7 m | -119.6 m | SEC (XBRL)· 02 Mar 2026verified |
| Depreciation & amortisation | 30.7 m | 26.4 m | 22.8 m | 19.0 m | 13.3 m | 11.9 m | SEC (XBRL)· 02 Mar 2026verified |
| EBITDA | -157.8 m ≈ | -107.1 m ≈ | -121.8 m ≈ | -99.9 m ≈ | -90.4 m ≈ | -107.7 m ≈ | SEC (XBRL)· 02 Mar 2026derived |
| Interest expense | 9.0 m | 9.8 m | 12.3 m | 17.9 m | 11.6 m | 11.9 m | SEC (XBRL)· 02 Mar 2026verified |
| Pre-tax income | 2.2 bn | -433.0 m | -335.6 m | -200.4 m | -251.6 m | -190.5 m | SEC (XBRL)· 02 Mar 2026verified |
| Income tax | 481.2 m | -74.0 m | -89.9 m | -71.5 m | 3.3 m | 13.0 m | SEC (XBRL)· 02 Mar 2026verified |
| Net income | 1.8 bn | -287.0 m | -428.1 m | -313.4 m | -304.6 m | -513.2 m | SEC (XBRL)· 02 Mar 2026verified |
| Diluted EPS | 20.79 | -3.19 | -5.25 | -4.27 | -4.73 | -9.08 | SEC (XBRL)· 02 Mar 2026verified |
| Weighted average diluted shares | 85.9 m | 90.1 m | 81.6 m | 73.4 m | 64.4 m | 56.5 m | SEC (XBRL)· 02 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 724.7 m | 85.8 m | 247.7 m | 106.2 m | 131.5 m | 182.0 m | SEC (XBRL)· 02 Mar 2026verified |
| Current assets | 844.2 m | 121.6 m | 310.6 m | 177.3 m | 196.9 m | 256.5 m | SEC (XBRL)· 11 May 2026verified |
| Property, plant & equipment, net | 145.8 m | 100.6 m | 87.5 m | 58.7 m | 61.8 m | 49.0 m | SEC (XBRL)· 02 Mar 2026verified |
| Goodwill | 53.4 m | 53.4 m | 53.4 m | 53.4 m | 53.4 m | 53.4 m | SEC (XBRL)· 02 Mar 2026verified |
| Intangibles (excl. goodwill) | 51.8 m | 26.9 m | 23.5 m | 16.8 m | 15.1 m | 13.2 m | SEC (XBRL)· 02 Mar 2026verified |
| Total assets | 4.6 bn | 3.9 bn | 3.1 bn | 2.7 bn | 2.2 bn | 1.3 bn | SEC (XBRL)· 11 May 2026verified |
| Accounts payable | 25.7 m | 22.7 m | 25.8 m | 27.0 m | 16.6 m | 16.8 m | SEC (XBRL)· 02 Mar 2026verified |
| Short-term debt | 11.3 m | 2.3 m | 2.3 m | 2.5 m | 61.0 m | 6.3 m | SEC (XBRL)· 02 Mar 2026verified |
| Long-term debt | 52.2 m | 14.1 m | 95.1 m | 102.5 m | 120.0 m | 64.5 m | SEC (XBRL)· 02 Mar 2026verified |
| Current liabilities | 202.0 m | 179.5 m | 122.7 m | 107.5 m | 146.5 m | 129.7 m | SEC (XBRL)· 02 Mar 2026verified |
| Total liabilities | 828.2 m | 548.5 m | 410.6 m | 377.5 m | 413.6 m | 329.8 m | SEC (XBRL)· 02 Mar 2026verified |
| Equity | 3.8 bn | 3.3 bn | 2.7 bn | 2.3 bn | 1.8 bn | 979.1 m | SEC (XBRL)· 11 May 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -113.9 m | -176.1 m | -205.1 m | -87.8 m | -90.1 m | -18.1 m | SEC (XBRL)· 02 Mar 2026verified |
| Capex | 22.3 m | 13.7 m | 14.3 m | 10.0 m | 7.0 m | 10.4 m | SEC (XBRL)· 02 Mar 2026verified |
| Free cash flow | -136.2 m ≈ | -189.8 m ≈ | -219.4 m ≈ | -97.8 m ≈ | -97.1 m ≈ | -28.5 m ≈ | SEC (XBRL)· 02 Mar 2026derived |
| Investing cash flow | -74.2 m | -272.4 m | 521.2 m | 53.1 m | 298.3 m | 518.1 m | SEC (XBRL)· 02 Mar 2026verified |
| Financing cash flow | 379.1 m | -190.4 m | -154.2 m | -106.8 m | -182.9 m | -449.5 m | SEC (XBRL)· 02 Mar 2026verified |
| Dividends paid | — | — | 0 | 0 | 22.4 m | 30.5 m | SEC (XBRL)· 02 Mar 2026verified |
| Share repurchases | 14.4 m | 160.2 m | 229.5 m | 113.2 m | 231.4 m | 319.7 m | SEC (XBRL)· 02 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 50.0% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 792.4 m USD
Key indicators
Coverage and freshness
Score by group
50% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the base of the ratio is not positive
- Peers: EV/EBITDAunavailable · the base of the ratio is not positive
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · input data missing
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 50.0% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | -8.2% | 0 (on a fixed band) | 21% |
| Net margin · Quality | -38.2% | 0 (vs peers) | 13% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -4.3% | 0 (on a fixed band) | 17% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -14.0x | 0 (on a fixed band) | 13% |
| Current ratio · Balance sheet | 1.2x | 37 (on a fixed band) | 8% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -5.5% | 0 (on a fixed band) | 17% |
| Shareholder yield (distributions) · Returns | 35.6% | 100 (on a fixed band) | 13% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet15/100 · 2/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality0/100 · 2/3 factors with a value
- Returns· partial100/100 · 1/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Cannae Holdings, Inc. (CNNE). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 423.6 m USD in 2025; YoY growth -6.4%; net margin -38.2%; ROE -13.3%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (score weight coverage: 50.0% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Shareholder yield (distributions): 35.6%
What contradicts it
- ROIC: -8.2%
- Net margin: -38.2%
- Revenue CAGR 3Y: -4.3%
- Interest coverage: -14.0x
- FCF yield: -5.5%
Not assessed (insufficient data or a ratio without meaning): FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Payout ratio (FCF).
Versus the vertical median
Retail-Eating & Drinking Places (SIC 5810) · same industry (4-digit SIC) · compared with 7 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| SBUXStarbucks Corporation | 125.1 bn | 63.2 | — | 5.2% | +2.8% | +26% / +10% |
| BROSDutch Bros Inc. | 6.8 bn | 61.3 | 12.9% | 4.9% | +27.9% | −25% / +65% |
| CHAChagee Holdings Ltd. | 2.4 bn | 14.5 | 16.0% | 9.1% | unavailable | −15% / unavailable |
| WENWendy's Co | 1.5 bn | 11.6 | 108.0% | 5.7% | −3.1% | −9% / −59% |
| CNNECannae Holdings, Inc. | 792.4 m | — | -13.3% | -38.2% | −6.4% | +3% / +3% |
| SDOTSadot Group Inc. | 7.8 m | — | -486.7% | -24.1% | −64.8% | −90% / −99% |
| SHAKShake Shack Inc. | — | 77.2 | 7.7% | 2.6% | +15.4% | −17% / +20% |
| BRCBBlack Rock Coffee Bar, Inc. | — | 190.7 | 2.8% | 0.7% | +24.5% | −52% / unavailable |
1- and 3-year price returns: for CNNE from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Cannae Holdings is a holding company that acquires and actively manages stakes in operating companies, with a notable component in casual dining restaurants. In the second quarter of 2026, total operating revenues were 102.2 million USD, and the company is reviewing strategic alternatives for its restaurant group.
SWOT
Strengths
- The diversified portfolio of stakes, from football and financial services to restaurants, provides several sources of value and flexibility in capital allocation 1.
- The company follows a long-term holding strategy with no preset sale deadlines, which allows it to actively manage its stakes 1.
- The disposal of the Dun & Bradstreet stake brought significant liquidity that can be reinvested in new assets or used for dividends 1.
Weaknesses
- Operating results remained at a loss in the first half of 2026, and restaurant revenues declined compared with the prior year 2.
- Many stakes are accounted for under the equity method, so their performance is not directly visible in consolidated figures 1.
- The company recorded repeated impairments, including on the Alight stake and goodwill, reflecting difficulties in valuing assets 2.
Opportunities
- If the strategic review of the restaurant group leads to a transaction, the company could redirect capital to assets with better returns 2.
- Rising football media rights could support revenues of clubs in the Black Knight Football portfolio 1.
- JANA's activist strategy could generate additional returns if assets under management grow 1.
Threats
- Rising labor and commodity costs could further reduce margins of casual dining restaurants 1.
- A decline in the fair value of the Alight stake could lead to further impairments if the company's results deteriorate 2.
- Macroeconomic uncertainty and changes in trade policy could affect consumer spending and investments in the portfolio 2.
Risks
- Related-party contractsmedium
The management contract was negotiated between related parties, and the fees paid to the manager could be less favorable than terms agreed with an unrelated third party 1.
- Restaurant competitionhigh
Casual dining restaurants face intense competition, and changes in consumer preferences could reduce customer counts and margins 1.
- Commodity costshigh
Higher prices for meat, seafood, poultry and dairy could affect the restaurant group's margins if they cannot be passed on to customers 1.
- Impairment of stakesmedium
The fair value of the Alight stake remains below its book value, and further impairments could arise if results deteriorate 2.
- Management conflicts of interestlow
Members of management may pursue other business activities, which could create conflicts in allocating time and in decisions about portfolio companies 1.
Investment thesis
What would need to be true (bull case)
- If the portfolio transformation strategy succeeds, the company could redirect capital from underperforming assets to stakes with better returns 2.
- Rising media rights in European football could support the long-term value of the Black Knight Football stake 1.
- The company has strengthened some stakes through acquisitions, such as raising its JANA stake to 50.0%, which could bring more influence over results 1.
What would break the thesis
- Persistent operating losses and declining restaurant revenues could signal difficulty in sustaining the performance of the consolidated group 2.
- Repeated impairments of stakes, including Alight, could show that some investments may not recover their book values 2.
- The complex structure with affiliated stakes and related-party contracts could make it harder for investors to assess the company's true value 1.
What to watch
- Outcome of the strategic review of the restaurant groupQ3 2026
- Restaurant revenues and the trend in labor and commodity costsQ3 2026
- Contribution of Black Knight Football after integrating FC Lorient2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The financial structure combines consolidated stakes and stakes accounted for under the equity method. Alight, Black Knight Football and JANA are accounted for under the equity method, so their results are not consolidated into Cannae's figures, while the restaurant group is consolidated 1. In 2025, the company received 540.3 million USD from disposing of its Dun & Bradstreet stake, and in May 2025 it raised its JANA Partners stake to 50.0% 1.
The company declared quarterly dividends in 2025, and in the second quarter of 2026 it published its results through a shareholder letter with a dedicated conference call 3. Recent developments also include Black Knight Football acquiring full ownership of FC Lorient in January 2026, though this is not consolidated in Cannae's results 1.
Segments
Alight
Alight is a technology-enabled services company for human capital management, in which Cannae holds a 7.7% stake accounted for under the equity method 1. At June 30, 2026, the book value of the investment was 71.1 million USD and the fair value 22.7 million USD, meaning the stake was below its book value 2.
Market context
Cannae operates in a heterogeneous market, and for casual dining restaurants competition is intense while labor and commodity costs face high pressure 1. Because of uncertain macroeconomic conditions, including consumer spending, inflation and trade policy, the company states it cannot predict how long the current environment will last 2.
In European football, domestic and international Premier League media rights are growing, and demand for live content could support the value of sports assets if these trends continue 1. In financial services and insurance, the market is consolidated, and companies such as CSI and AmeriLife operate in specialized segments 1.
Trends
- Restaurant cost inflationheadwind
Costs for beef, seafood, poultry and dairy rose in recent years, and higher minimum wages pressured casual dining margins, though menu price increases partly offset this 12.
- Demand for live sports contenttailwind
Media rights of European football leagues are rising because sport remains content consumed live, which could support revenues of the Black Knight Football clubs 1.
- Macroeconomic uncertaintymixed
The company anticipates that factors such as consumer spending, inflation, tariffs and supply chain disruptions will continue to create instability during 2026 2.
- Capital market conditionsmixed
Fair values of listed stakes depend on capital markets; if volatility eases, impairments could be less likely, but the decline in the Alight share price shows the risk remains 2.
Competitive position
The restaurant operations face direct and indirect competition from operators with greater financial resources, as well as from supermarkets, fast-casual chains and online delivery services 1. Competition for skilled staff and attractive sites is also intense 1.
In the Alight segment, larger competitors may have greater resources, larger customer bases and stronger technology capabilities, including in artificial intelligence, which could reduce the company's market share if it does not respond quickly enough 1.
- Other casual dining operators
Competing restaurant operators with greater financial resources and national brand recognition that can attract the restaurant group's customers 1.
- Supermarkets and prepared food retailers
Improved convenient meals in supermarket deli and prepared food sections create pressure on casual dining restaurants 1.
- Quick-service, fast-casual and online delivery services
Quick-service models and online delivery compete for the same customers and can reduce visits to casual dining restaurants 1.
- Human capital management and employee benefits providers
Alight's competitors include large companies with advanced technology that can offer more aggressive pricing and AI-based solutions 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Proxy statement30 Oct 2026
- Quarterly report10 Aug 2026
- Current report10 Aug 2026Results of operations · Financial statements and exhibits
- Current report31 Jul 2026Other events · Financial statements and exhibits
- Current report16 Jul 2026Departure or appointment of officers · Financial statements and exhibits
- Current report12 Jun 2026Departure or appointment of officers · Financial statements and exhibits
- Quarterly report11 May 2026
- Current report11 May 2026Results of operations · Financial statements and exhibits
- Current report09 Mar 2026Termination of a material agreement · Financial statements and exhibits
- Annual report02 Mar 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Cannae Holdings, Inc. · 02 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Cannae Holdings, Inc. · 10 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Cannae Holdings, Inc. · 10 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.