Cannae Holdings Inc. (CNNE) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$17.14 -0.06% NYSE β€’ Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $17.11

Cannae Holdings Inc. (CNNE) carries a Roarable Rating of E (Strong Sell) with 34/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E β€’ RED ALERT Cap $743.9M
πŸ“€ Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
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πŸ€– Mara Quenwick β€’ AI Quant Lead (Click for Instant Brief) Is CNNE stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
β–Ό

As of 2026-11-02, Cannae Holdings Inc. (NYSE: CNNE) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 34/100 at a spot price of $17.14 (-0.06% 1D, market cap $743.9M). Pillar breakdown: Fundamental Cash Engine 6/20, Institutional 13F & Options Flow 15/20, Executive Insider Alignment 3/20, FRED Macro Regime Fit 8/20, and SEC Balance-Sheet Forensics 3/20. Across 1011 tracked Consumer Discretionary issuers, CNNE ranks #825 in composite RQD confidence.

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– Ellis Vennor β€’ AI Peer & Flow Quant (Click for Instant Brief) How does CNNE compare to FWRG and HDL in the Consumer Discretionary sector?
β–Ό

Within the Consumer Discretionary sector (Restaurants), CNNE carries a Roarable E (34/100 RQD), trailing P/E of N/A, gross margin of 15.5%, and ROIC of -10.6%. By comparison, FWRG (First Watch Restaurant Group Inc.) holds a D- grade (37/100 RQD, P/E 39.7x, ROIC 3.6%, cap $772.0M) and HDL (SUPER HI INTERNATIONAL HOLDING LTD.) posts a D grade (46/100 RQD, P/E N/A, ROIC β€”, cap $643.8M). Among the 5-stock peer group, PZZA leads on earnings multiple (20.3x) while PZZA leads on capital efficiency (30.5% ROIC).

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– Gideon Ashmere β€’ AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for CNNE?
β–Ό

Per CNNE's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001704720), Cannae Holdings Inc. generated $423.6M in revenue (-6.4% YoY), -$513.2M in net income, and -$18.1M in free cash flow against $1.31B in total assets and $64.5M in total debt. Key quantitative strengths: Big institutional funds and options desks are actively positioning on the bullish side.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

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INTERACTIVE SCENARIO DECK:
πŸ›‘οΈ Portfolio Crash X-Ray
EXT / AFTER-HRS: $17.11 (-0.20%)🧬 Dilution Drag (+2.48% YoY Shares)βš™οΈ Cash Engine: 6/20 (E) β€’ 0% FCF Margin
Verify 90D Bucket Audit β†’
πŸ“Š Historical Track Record Warning: Scores below 50 (34/100 Β· E) historically underperformed SPY in 71% of rolling 90-day windows (-8.7% avg 90D alpha vs SPY β€’ 29.0% hit rate).
Audit Bucket Track Record β†’
RQD QUANT TACHOMETERRED ALERT β€’ E
025507510034
3-of-3 JEV AI Jury Bearish Warning
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) β€” not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D- Β· Rk E
Cash (6)Whales (15)SEC (3)Macro (8)CEO (3)
Each axis scored 0–20
12M PRICE TARGET CONE-10.8% Base Target
$19 Bull$15 Base$12 Bear
πŸ“¬ FREE CNNE RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: β€” (No Active Options Snapshot on file for CNNE)Realized 20D OHLCV Swing Band: Β±5.2%
Deterministic 5-Pillar Attribution (34/100 Composite)
πŸ” WHY CNNE SCORES 34/100 (E) β€” TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
β–² #1 Bullish Driver: Whale & Options Positioning+15/20 pts (44% of score)

20D Institutional Volume Accumulation (Β±5.2% realized swing band)

β–² #2 Bullish Driver: Macro Regime Fit+8/20 pts (24% of score)

FRED Regime Γ— Technicals: 84% of 52W Range β€’ RSI-14 at 71.4 (OVERBOUGHT (>70))

β–Ό #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+2.48% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

πŸ“ˆ PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 β†’ Q2 β†’ Q3 β†’ Current
Q1 (-3Q)
26
Grade E$15.70+1.5% Next Q
Q2 (-2Q)
29
Grade E$15.94+2.4% Next Q
Q3 (-1Q)
31
Grade E$16.32+5% Next Q
Current
34
Grade E$17.14-8.7% Hist 90D Ξ±
Trajectory: E (26) β†’ E (34)Full Audit β†’
βš”οΈ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

βš”οΈ Adversarial Opposing Case: What Could Spark a CNNE Turnaround Squeeze

Gideon Ashmere Forensic Desk β†’

While CNNE currently carries a cautious 34/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

πŸš€ Contrarian Squeeze Trigger #1

Big institutional funds and options desks are actively positioning on the bullish side.

πŸš€ Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($15.78) and Max Pain ($18.00) forces dealer call-delta covering toward $19.34.

πŸš€ Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+2.48% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $CNNEβ€’ $2.4M Crowd Pool β€’ Kalshi / Polymarket Composite
Contract: β€œCNNE Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL β€’ FY 2025 (10-K)

How CNNE Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$0 (0% FCF Margin)
Revenue$423.6MGross Profit $65.6M (15.5%)Cost of Sales $358.0MOp Profit $0 (0%)OpEx (R&D/SG&A) $65.6MNet Profit$0 (0%)Tax/Other $0

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

β–  Revenueβ–  Net Profitβ–  Free Cash Flow
FY23
Rev $570.0M
FY24
Rev $452.5M
FY25
Rev $423.6M
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$423.6M15.5%-28.2%-$513.2M-$18.1M-10.6%
FY 2024$452.5M18%-22.9%-$304.6M-$90.1M-4.5%
FY 2023$570.0M15.5%-20.9%-$313.4M-$87.8M-10.6%
ON-DEMAND RQD QUANT WORKSHOP β€’ SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring CNNE)

  • βœ“Walkthrough of CNNE's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • βœ“3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • βœ“Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
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CNNE // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +27.25%⚑ TESTING RESISTANCE
2026-11-02O $16.85H $17.15L $16.85C $17.14VOL 466.2K
RES: $17.14SUP: $16.00SMA50: $15.78SMA200: $14.20
$17.63$16.15$14.67$13.20$11.72RES $17.14SUP $16.00$17.142026-05-042026-06-172026-08-042026-09-172026-11-02
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

CNNE Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
8.0%/yr Implied 5Y Growth

vs. -6.4% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on CNNE today. View full Setup Ledger β†’

πŸ¦‹ Documented & Second-Order Butterfly Connections Open Graph β†’

No direct multi-tier Butterfly edges indexed yet for CNNE. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for CNNE today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk β†’
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT β€’ SEC EDGAR XBRL Γ— RQD PEER BENCHMARK

πŸ“Š Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (CNNE)

Consumer Discretionary Rank #825 of 1011 βš”οΈ FWRG vs CNNE Full Matrix β†’

1. Head-to-Head Consumer Discretionary Peer Comparison (CNNE vs. FWRG, HDL, PZZA, BH)

Industry: Restaurants (51 Tracked Issuers)

Across 1011 tracked Consumer Discretionary securities in the Roarable RQD universe, Cannae Holdings Inc. (CNNE) ranks #825 by composite RQD confidence (34/100, grade E) and #545 by equity capitalization ($743.9M). Within this direct 5-issuer industry benchmark cohort, PZZA leads on earnings valuation at 20.3x trailing P/E, while PZZA leads on capital efficiency and profitability with 30.5% ROIC and β€” gross margin. PZZA currently holds the highest overall quantitative score in the immediate peer group at 61/100 (C-) compared with CNNE at 34/100 (E).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
CNNE ACTIVE
Cannae Holdings Inc.
E 34/100 β€” 15.5% -10.6% -0.06% $743.9M Benchmark Subject
FWRG
First Watch Restaurant Group Inc.
D- 37/100 39.7x β€” 3.6% +1.84% $772.0M /fwrg-vs-cnne β†’
HDL
SUPER HI INTERNATIONAL HOLDING LTD.
D 46/100 β€” β€” β€” 0.00% $643.8M /hdl-vs-cnne β†’
PZZA
Papa John's International Inc.
C- 61/100 20.3x β€” 30.5% -1.83% $618.9M /pzza-vs-cnne β†’
BH
Biglari Holdings Inc. (Class B)
C- 61/100 β€” 59.2% -7.2% +0.87% $908.1M /bh-vs-cnne β†’

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K β€’ FILED 2025-12-31 β€’ CIK 0001704720

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Cannae Holdings Inc. (CNNE) reported GAAP revenue of $423.6M (-6.4% vs. FY2024 revenue of $452.5M , and -25.7% cumulative change since FY2023) , GAAP net income of -$513.2M, operating cash flow of -$18.1M, and free cash flow of -$18.1M (+79.9% YoY). On the balance sheet, CNNE closed FY2025 with $1.31B in total assets against $64.5M in total debt (Altman Z-Score: 1.50, Piotroski F-Score: 3/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $423.6M -$513.2M -$18.1M -$18.1M $1.31B $64.5M
FY2024 (FY) 2024-12-31 $452.5M -$304.6M -$90.1M -$90.1M $2.23B $120.0M
FY2023 (FY) 2023-12-31 $570.0M -$313.4M -$87.8M -$87.8M β€” β€”

3. CNNE Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

βœ“ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is CNNE stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-02, Cannae Holdings Inc. (NYSE: CNNE) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 34/100 at a spot price of $17.14 (-0.06% 1D, market cap $743.9M). Pillar breakdown: Fundamental Cash Engine 6/20, Institutional 13F & Options Flow 15/20, Executive Insider Alignment 3/20, FRED Macro Regime Fit 8/20, and SEC Balance-Sheet Forensics 3/20. Across 1011 tracked Consumer Discretionary issuers, CNNE ranks #825 in composite RQD confidence.

How does CNNE compare to FWRG and HDL in the Consumer Discretionary sector?

Within the Consumer Discretionary sector (Restaurants), CNNE carries a Roarable E (34/100 RQD), trailing P/E of N/A, gross margin of 15.5%, and ROIC of -10.6%. By comparison, FWRG (First Watch Restaurant Group Inc.) holds a D- grade (37/100 RQD, P/E 39.7x, ROIC 3.6%, cap $772.0M) and HDL (SUPER HI INTERNATIONAL HOLDING LTD.) posts a D grade (46/100 RQD, P/E N/A, ROIC β€”, cap $643.8M). Among the 5-stock peer group, PZZA leads on earnings multiple (20.3x) while PZZA leads on capital efficiency (30.5% ROIC).

What are the biggest fundamental strengths and SEC risk factors for CNNE?

Per CNNE's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001704720), Cannae Holdings Inc. generated $423.6M in revenue (-6.4% YoY), -$513.2M in net income, and -$18.1M in free cash flow against $1.31B in total assets and $64.5M in total debt. Key quantitative strengths: Big institutional funds and options desks are actively positioning on the bullish side.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is CNNE trading relative to its 50-day, 200-day, and 52-week technical levels?

CNNE last traded at $17.14 (-0.06% on volume of 399,504 shares), positioning the stock +8.62% above its 50-day simple moving average ($15.78) and +20.70% above its 200-day simple moving average ($14.20). Across its 52-week range of $10.46 to $18.42, CNNE sits at the 83.9% percentile with a 14-day RSI of 71.4 (OVERBOUGHT (>70)) and an implied next-earnings move of Β±5.2% ($16.25 to $18.03).

CNNE Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS β€’ SEC EDGAR Γ— CBOE Γ— FRED

How profitable is Cannae Holdings Inc. (CNNE)?

In FY 2025 (10-K), CNNE converted $423.6M of revenue into a 15.5% gross margin, 0% operating margin, and $0 in free cash flow (0% FCF margin).

ROARABLE RATING BRIEF β€’ RQD 34/100 (E) βœ“ STAGE-C NUMBER FIREWALL VERIFIED

CNNE β€” Cannae Holdings Inc.: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5
As of: 2026-11-02T15:33:18Z

Roarable Rating Brief: What This Means to a Prospective Investor

Per the Roarable RQD rating, CNNE scores 34 out of 100, earning a letter grade of E and the verdict label "Roarable Strong Sell β€” Forensic Risk / Avoid." The five pillars are:

  • Fundamental Cash Engine: 6 / 20. Per the Roarable RQD rating, this pillar reflects ROIC of -10.6% and an FCF yield of -2.43%. Both metrics indicate the business is not currently generating returns above its cost of capital or positive free cash flow to shareholders. For a prospective investor, this is the core valuation concern: the equity is not yet supported by cash generation.
  • Whale 13F Flow: 15 / 20. Per the Roarable RQD rating, this pillar captures institutional accumulation and options positioning. It is the strongest pillar in the score, suggesting some institutional interest. Per the news wire, a passive stake above 5% was reported by BlackRock, which is a potential upside signal, though it does not offset weak fundamentals.
  • Insider Conviction: 3 / 20. Per the Roarable RQD rating, this pillar reflects SEC Form 4 and Congressional PTR cluster flow. The low score indicates weak insider conviction signals in the data.
  • Macro Regime Fit: 8 / 20. Per the Roarable RQD rating, beta is 1.0 with sector sensitivity considered. A beta of 1.0 means the stock is expected to move in line with the broader market, offering neither defensive cushioning nor amplified upside on its own.
  • Forensic Balance Sheet: 2 / 20. Per the Roarable RQD rating, this pillar reflects Altman Z 1.5, Piotroski F 3/9, and Debt/Equity 0.06. The Altman Z of 1.5 sits in a distress-adjacent range, and the Piotroski F of 3/9 signals weak financial health. Low leverage (Debt/Equity 0.06) is a relative positive but does not offset the other forensic weaknesses.

Investor implications: The RQD score points to a fundamentally strained profile. Upside drivers in the data are limited to institutional accumulation and a 52-week price range that has moved between $10.46 and $18.42, with the current price of $17.15 near the upper end. Valuation tradeoffs are difficult to assess because P/E and EV/EBITDA are not available in source data, and the negative free cash flow and ROIC leave no earnings-based anchor. The verdict label is the rating system's conclusion that the forensic risk outweighs the positive institutional signals.

Financial Trend

PeriodRevenueOperating IncomeNet IncomeEPSFCFCashDebt
FY 2025$423.6M$-119.6M$-513.2MN/A$-18.1M$182.0M$64.5M
FY 2024$452.5M$-103.7M$-304.6MN/A$-90.1M$131.5M$120.0M
FY 2023$570.0M$-118.9M$-313.4MN/A$-87.8MN/AN/A

Per the SEC financials, revenue declined from $570.0M in FY 2023 to $423.6M in FY 2025, and net losses appeared in every reported period. Per the market data, net margin is -60% and operating margin is -28.2%. Per the Roarable RQD rating, ROIC is -10.6%, Altman Z is 1.5, and Piotroski F is 3/9. Per the same rating, Debt/Equity is 0.06, and reported cash of $182.0M in FY 2025 exceeded debt of $64.5M.

Recent Catalysts & News Wire Analysis

  • Earnings date announcement (Yahoo Finance, YELLOW, MARKET WIRE): The company announced a third quarter 2026 earnings release date and conference call. This is a scheduled event rather than a fundamental change.
  • Analyst target raise (Moomoo, GREEN, CATALYST): RBC Capital maintained a buy rating and raised its target price to $17. The target equals roughly the current price of $17.15.
  • Executive compensation disclosure (Quiver Quantitative, YELLOW, MARKET WIRE): Reporting on the Vice Chairman and former CEO's 2025 pay. The source data does not include the figure.
  • Passive stake disclosure (Stock Titan, YELLOW, MARKET WIRE): BlackRock reported a passive stake above 5% in CNNE, consistent with the whale flow pillar.
  • Risk zone commentary (Stock Traders Daily, RED, RISK WATCH): A technical risk-zone article flagged the stock with a RED light, the only negative-signal item in the feed.
  • Seasonal returns chart (Yahoo! Finance Canada, YELLOW, MARKET WIRE): Historical seasonality data, with no specific figures in the source.

Per the butterfly supply-chain graph, the supply chain is listed as NONE, with no butterfly links and no proprietary signals.

Open Questions

  • What drives the $513.2M net loss in FY 2025 given operating loss of $119.6M, and how much is non-operating or one-time?
  • What are the company's business segments and revenue sources, given that the profile lists only sector and industry?
  • What are the P/E, EV/EBITDA, and EPS (TTM) figures, which are unavailable and would anchor valuation?
  • What is the size and direction of recent institutional and insider flows beyond the BlackRock passive stake disclosure?
  • What does the FY 2023 cash and debt position look like, since those fields are N/A?

CNNE Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Cannae Holdings Inc. (CNNE) β€’ Click "Debate This Headline" to argue it in the Roar Pit below

πŸ’¬ Jump to CNNE Debate Forum (3) ↓
πŸ”₯ THE ROAR PIT β€’ LIVE COMMUNITY DEBATE 3 Active Posts & Replies

CNNE Bull vs. Bear Conversation Board β€” What's Your Call at $17.14?

πŸ‚ 33% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON CNNE 🐻 67% BEARISH CONVICTION
1. Pick Your Side on CNNE:
πŸ’‘ Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
RO RoarDesk_Moderator Roarable Research Desk 🐻 BEARISH 🎯 Target: $15.09 (-12.0%)
πŸ“Œ Pinned Debate

πŸ”₯ Official Bull vs. Bear Debate: Is CNNE (E β€’ RQD 34/100) a Buy at $17.15?

Welcome to the CNNE (Cannae Holdings Inc.) Roar Pit. Current RQD Composite is 34/100 (Roarable Strong Sell β€” Forensic Risk / Avoid) in Restaurants. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (πŸ‚ Bull or 🐻 Bear) and drop your price target below.

MU MultipleCompression Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $13.89 (-19.0%)
Spot @ $17.15

Pump the brakes on CNNE β€” check the valuation vs. margin headwinds

Everyone in here is repeating the bull case on CNNE, but look at what you are paying: current EV/EBITDA multiples with 15.5% gross margins. Unless Cannae Holdings Inc. expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.

AL AlphaFlow_Cap Verified K Arena Trader πŸ‚ BULLISH 🎯 Target: $20.92 (+22.0%)
Spot @ $17.15

CNNE cash flow & RQD setup is being underpriced by the Street here

Looking at the 5-pillar RQD breakdown on CNNE, the market is fixating on short-term headline noise in Restaurants and ignoring the balance sheet and cash flow trajectory. At $17.15 (52-wk range $10.46 - $18.42), any beat on forward guidance forces shorts and underweight funds to chase.

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