Berkshire Hathaway Inc. (BRK-B) Financial Statements

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Berkshire Hathaway financial statements at a glance

Berkshire Hathaway reported revenue of $410.52 billion for fiscal year 2025 (ended December 31, 2025), down 3.2% from fiscal year 2024. Net income was $66.97 billion, a net margin of 16.3%, and diluted earnings per share were $31.04.

At the end of fiscal year 2025 it had total assets of $1.22 trillion, total liabilities of $502.47 billion and shareholders' equity of $717.42 billion, with cash and short-term investments of $373.31 billion and total debt of $129.08 billion.

Its operations brought in $45.97 billion of cash; capital spending was $20.93 billion, leaving free cash flow of $25.04 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

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Berkshire Hathaway Inc.

BRK-BUnited States
Financial Services
USD (Local)

Income Statement

Annual • USD

Total Revenue
410.52B
Prev Year: 424.23B
YoY: -3.2%
Interest Income
23.26B
Prev Year: 21.82B
YoY: +6.6%
Total Premiums Earned
-
Prev Year: 88.26B
Net Investment Income
-
Prev Year: 49.30B
Other Income Expense
55.22B
Prev Year: 256.43B
YoY: -78.5%
Total Expenses
328.06B
Prev Year: 313.86B
YoY: +4.5%
Loss Adjustment Expense
61.69B
Prev Year: 60.04B
YoY: +2.7%
Net Policyholder Benefits And Claims
61.69B
Prev Year: 60.04B
YoY: +2.7%
Selling General and Administrative
37.42B
Prev Year: 32.71B
YoY: +14.4%
Underwriting Expenses
-
Prev Year: 16.81B
General and Administrative Expense
37.42B
Prev Year: 7.07B
YoY: +429.4%
Other General and Administrative
37.42B
Prev Year: 7.07B
YoY: +429.4%
Net Non Operating Interest Income Expense
-5.07B
Prev Year: -5.20B
YoY: +2.5%
Fee and Commission Expense
-
Prev Year: 163.64B
Non-operating Interest Expense
5.07B
Prev Year: 5.20B
YoY: -2.5%
Other Operating Expenses
36.48B
Prev Year: 37.29B
YoY: -2.2%
Pre-tax Income
82.46B
Prev Year: 110.38B
YoY: -25.3%
Provision for Income Taxes
15.20B
Prev Year: 20.82B
YoY: -27.0%
Net Income Common Stockholders
66.97B
Prev Year: 89.00B
YoY: -24.8%
Net Income
66.97B
Prev Year: 89.00B
YoY: -24.8%
Net Income Including Non-Controlling Interests
67.26B
Prev Year: 89.56B
YoY: -24.9%
Net Income from Continuing Operations
67.26B
Prev Year: 89.56B
YoY: -24.9%
Noncontrolling Interests
-292.00M
Prev Year: -566.00M
YoY: +48.4%
Diluted NI Available to Com Stockholders
66.97B
Prev Year: 89.00B
YoY: -24.8%
Net Income from Continuing and Discontinued Operation
66.97B
Prev Year: 89.00B
YoY: -24.8%
Normalized Income
66.97B
Prev Year: 89.00B
YoY: -24.8%
Rent Expense (supplemental)
7.68B
Prev Year: 7.07B
YoY: +8.7%
EBIT
87.53B
Prev Year: 115.58B
YoY: -24.3%
Reconciled Depreciation
13.48B
Prev Year: 12.86B
YoY: +4.8%
Net Income from Continuing Operation Net Minority Interest
66.97B
Prev Year: 89.00B
YoY: -24.8%
Tax Rate for Calcs
0.184
Prev Year: 0
Interest Expense
5.07B
Prev Year: 5.20B
YoY: -2.5%
Net Interest Income
-5.07B
Weighted Average Shares (diluted)
2.16B
Total Unusual Items Excluding Goodwill
-
Weighted Average Shares (basic)
2.16B
Total Unusual Items
-
Diluted EPS
31.042
Basic EPS
31.042
Operating Revenue
410.52B
Values in USD

Berkshire Hathaway key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$410.5B$424.2B$439.3B$234.1B$354.7B
Operating income$87.5B$115.6B$125.2B-$26.1B$116.0B
Net income$67.0B$89.0B$96.2B-$22.8B$89.9B
Diluted EPS$31.04–$44.27-$10.33$39.70
Total assets$1.2T$1.2T$1.1T$948.5B$958.8B
Total liabilities$502.5B$502.2B$499.2B$466.8B$443.9B
Shareholders' equity$717.4B$649.4B$561.3B$473.4B$506.2B
Cash and short-term investments$373.3B––––
Total debt$129.1B$124.8B$128.3B$122.7B$114.3B
Operating cash flow$46.0B$30.6B$49.2B$37.4B$39.4B
Capital spending$20.9B$19.0B$19.4B$15.5B$13.3B
Free cash flow$25.0B$11.6B$29.8B$21.9B$26.2B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Berkshire Hathaway's revenue in fiscal year 2025?

$410.52 billion, down 3.2% from $424.23 billion in fiscal year 2024.

How much profit does Berkshire Hathaway make?

Berkshire Hathaway reported net income of $66.97 billion for fiscal year 2025 (16.3% of revenue); operating income was $87.53 billion.

How much cash and debt does Berkshire Hathaway have?

At the end of fiscal year 2025: cash and short-term investments of $373.31 billion and total debt of $129.08 billion.

What is Berkshire Hathaway's free cash flow?

$25.04 billion in fiscal year 2025 (operating cash flow of $45.97 billion minus capital spending of $20.93 billion).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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