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Berkshire Hathaway is a diversified holding company with insurance, railroad, energy, and manufacturing operations, plus a large equity portfolio.
For the fiscal year ended December 31, 2025, Berkshire Hathaway Inc. reported revenue of $371.4B and net income of $67.0B, with operating cash flow of $46.0B. Source: Form 10-K filed March 2, 2026
Reviewed · SEC data as of
Reported SEC XBRL figures. Each metric’s period and original filing are listed below.
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Reported figures from Berkshire Hathaway Inc.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.
| Metric | Value | Period | Source |
|---|---|---|---|
| Revenue | $371.4B | 2025-01-01 – 2025-12-31 | SEC filing |
| Net income | $67.0B | 2025-01-01 – 2025-12-31 | SEC filing |
| Operating cash flow | $46.0B | 2025-01-01 – 2025-12-31 | SEC filing |
| Net margin | 18.0% | 2025-01-01 – 2025-12-31 | SEC filing |
Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.
For Berkshire Hathaway Inc., the most important recurring operating and market variables are:
Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.
The 10-K states that investment gains and losses, which include unrealized changes in equity prices, are generally meaningless for evaluating periodic performance, yet they totaled $30.7 billion after tax in 2025 within audited net earnings of $67.0 billion. Strip these out, along with the $8.3 billion Kraft Heinz and Occidental impairments, to see operating earnings.
Insurance float was approximately $176 billion at year-end 2025, up from $171 billion, and insurance businesses held $212.7 billion of cash, equivalents, and Treasury bills plus $294.1 billion of equity securities. Item 7 defines cost of float as pre-tax underwriting result over average float; a negative cost means policyholders are funding investments for free.
Item 1A discloses that the board appointed Gregory E. Abel to succeed Warren Buffett as CEO effective January 1, 2026, with major capital allocation decisions now his responsibility, and the repurchase program was amended in 2025 to reference the CEO's judgment of intrinsic value. No shares were repurchased in Q4 2025; watch buyback and deal activity.
After-tax earnings of BNSF increased 8.8% in 2025 on lower operating expenses, Berkshire Hathaway Energy earned $4.0 billion, and manufacturing, service, and retailing contributed $13.6 billion. Item 1A flags underwriting risk tolerance, equity concentration in a few issuers such as Apple and American Express, and regulatory risk at the utilities.
Operating cash flow was $46.0B, 0.69 times net income of $67.0B, for the fiscal year ended December 31, 2025.
Cash from operations trailed reported earnings. Working-capital build (receivables, inventory, prepayments) or non-cash gains are the usual reasons; check the cash-flow statement before relying on reported profit.
Net income was 18.0% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.
Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.
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No matched BRK-B transaction appears in the current verified House and Senate snapshot. We do not turn a missing row into a claim that no member has ever traded the security.
Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.
Berkshire Hathaway is a diversified holding company with insurance, railroad, energy, and manufacturing operations, plus a large equity portfolio.
For the fiscal year ended December 31, 2025, Berkshire Hathaway Inc. reported revenue of $371.4B and net income of $67.0B, with operating cash flow of $46.0B. The figures come from Berkshire Hathaway Inc.'s SEC XBRL filings.
The SEC lists Berkshire Hathaway Inc.'s fiscal year end as December 31.
The current verified House and Senate snapshot contains no matched BRK-B transaction rows. That is not proof that no lawmaker has ever traded the security.
Berkshire Hathaway Inc. is headquartered in Omaha, Nebraska and was founded in 1839.
This page does not rate BRK-B as a buy or sell. It sets out what Berkshire Hathaway Inc. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.
This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.
Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.
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