Berkshire Hathaway BRK-B
Berkshire Hathaway fiscal 2025 annual report
Fiscal 2025 (ended Dec 31, 2025) · Filed Mar 2, 2026Original
An annual report (10-K, or 20-F for a foreign company) is the business report a US-listed company files with the SEC every year.
How much did Berkshire Hathaway sell in fiscal 2025?
As stated in annual reports · fiscal 2021–2025
Fiscal 2025 revenue
$371.4B+0.0% vs prior year
Net income $67B · 18.0% of revenue
| Fiscal year | Revenue | Net income |
|---|---|---|
| 2021 | $276.2B | $89.9B |
| 2022 | $302B | −$22.8B |
| 2023 | $364.5B | $96.2B |
| 2024 | $371.4B | $89B |
| 2025 | $371.4B | $67B |
Fiscal 2025 (ended Dec 31, 2025) · Filed Mar 2, 2026Whalegun
- Revenue
- $371.4B
- +0.0% vs prior year
- Operating income
- No record
- Net income
- $67B
- −24.8% vs prior year
- Diluted EPS
- No record
- Operating cash flow
- $46B
- Free cash flow
- $25B
Key points the company states
Berkshire is a holding company led by insurance, freight rail and utilities, with about 387,800 employees
- Berkshire is a holding company whose most important businesses are insurance, freight rail and utilities and energy.
- It also runs manufacturing, service and retailing businesses, managed on an unusually decentralized basis.
- It employed approximately 387,800 people at the end of 2025, about 80% in the United States.
Berkshire's 2025 net earnings were $67.0 billion, including $30.7 billion of after-tax investment gains
- Net earnings attributable to Berkshire shareholders were $67.0 billion in 2025, versus $88,995 million in 2024.
- Insurance underwriting earned $7,258 million; the company says earnings were lower in each underwriting group.
- Insurance investment income was $12,513 million, down 8.5%, which the company attributes to lower interest rates.
Berkshire Hathaway: 13 risk factors
0 headings new since last year
- Economy and demand1
- Competition1
- Operations1
- Technology and security1
- Law and regulation3
- Trade and geopolitics2
- Finance2
- People2