Segment Information (Tables)

9 Months Ended

Sep. 30, 2025

As of and for the three months ended September 30, 2025:


	Restaurant Group		Alight		BKFC		JANA		Total Reportable Segments		Corporate and Other		Total Consolidated
	(In millions)
Restaurant revenues	$	94.6							$	94.6	$	—	$	94.6
Other revenues	—								—		12.3		12.3
Total revenues	94.6								94.6		12.3		106.9
Expenses
Cost of revenue	88.6								88.6
Depreciation and amortization	2.3								2.3
Other segment items (1)	10.4								10.4
Interest expense	1.6								1.6
Equity in earnings (loss) of unconsolidated affiliates	—		(81.7)		26.6		0.3		(54.8)
Net (loss) earnings from continuing operations	$	(8.3)	$	(81.7)	$	26.6	$	0.3	$	(63.1)	$	2.9	$	(60.2)
Assets	$	253.0	$	147.4	$	170.3	$	140.6	$	711.3	$	803.0	$	1,514.3
Goodwill	53.4								53.4		—		53.4

As of and for the three months ended September 30, 2024:


	Restaurant Group		Alight		BKFC		JANA		Total Reportable Segments		Corporate and Other		Total Consolidated
	(In millions)
Restaurant revenues	$	102.1							$	102.1	$	—	$	102.1
Other revenues	—								—		11.8		11.8
Total revenues	102.1								102.1		11.8		113.9
Expenses
Cost of revenue	93.0								93.0
Depreciation and amortization	2.6								2.6
Other segment items (1)	5.9								5.9
Interest expense	1.5								1.5
Equity in (losses) earnings of unconsolidated affiliates	—		(6.6)		(14.4)		1.3		(19.7)
Net (loss) earnings from continuing operations	$	(0.9)	$	(6.6)	$	(14.4)	$	1.3	$	(20.6)	$	4.6	$	(16.0)
Assets	$	271.0	$	485.3	$	93.5	$	56.6	$	906.4	$	1,379.8	$	2,286.2
Goodwill	53.4								53.4		—		53.4

As of and for the nine months ended September 30, 2025:


	Restaurant Group		Alight		BKFC		JANA		Total Reportable Segments		Corporate and Other		Total Consolidated
	(In millions)
Restaurant revenues	$	295.6							$	295.6	$	—	$	295.6
Other revenues	—								—		24.7		24.7
Total revenues	295.6								295.6		24.7		320.3
Expenses
Cost of revenue	270.4								270.4
Depreciation and amortization	7.2								7.2
Other segment items (1)	30.0								30.0
Interest expense	4.7								4.7
Equity in (losses) earnings of unconsolidated affiliates	—		(165.3)		3.9		3.1		(158.3)
Net (loss) earnings from continuing operations	$	(16.7)	$	(165.3)	$	3.9	$	3.1	$	(175.0)	$	(153.4)	$	(328.4)
Assets	$	253.0	$	147.4	$	170.3	$	140.6	$	711.3	$	803.0	$	1,514.3
Goodwill	53.4								53.4		—		53.4

As of and for the nine months ended September 30, 2024:


	Restaurant Group		Alight		BKFC		JANA		Total Reportable Segments		Corporate and Other		Total Consolidated
	(In millions)
Restaurant revenues	$	316.2							$	316.2	$	—	$	316.2
Other revenues	—								—		26.4		26.4
Total revenues	316.2								316.2		26.4		342.6
Expenses
Cost of revenue	279.3								279.3
Depreciation and amortization	8.0								8.0
Other segment items (1)	28.0								28.0
Interest expense	4.1								4.1
Equity in (losses) earnings of unconsolidated affiliates	—		(15.7)		(39.7)		1.8		(53.6)
Net (loss) earnings from continuing operations	$	(3.2)	$	(15.7)	$	(39.7)	$	1.8	$	(56.8)	$	(183.2)	$	(240.0)
Assets	$	271.0	$	485.3	$	93.5	$	56.6	$	906.4	$	1,379.8	$	2,286.2
Goodwill	53.4								53.4		—		53.4

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(1) "Other segment items" includes restaurant corporate personnel costs, advertising, professional fees and recognized gains and losses, net.

Cannae Holdings, Inc. 10-Q