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BERKSHIRE HATHAWAY (BRK-B)

Earnings summaries and quarterly performance for BERKSHIRE HATHAWAY.

Research analysts covering BERKSHIRE HATHAWAY.

Recent press releases and 8-K filings for BRK-B.

Berkshire Hathaway Inc. Issues Senior Notes
BRK-B
Debt Issuance
  • Berkshire Hathaway Inc. issued ¥210,100,000,000 aggregate principal amount of senior notes on November 20, 2025.
  • The issuance includes four series: ¥123,700,000,000 of 1.510% Senior Notes due 2028, ¥53,300,000,000 of 1.826% Senior Notes due 2030, ¥26,100,000,000 of 2.422% Senior Notes due 2035, and ¥7,000,000,000 of 2.810% Senior Notes due 2040.
  • These notes are unsecured senior obligations, ranking pari passu with the Company's unsubordinated, unsecured indebtedness and senior to its subordinated indebtedness.
  • The underwriting agreement for these notes was dated November 14, 2025, with Mizuho Securities USA LLC and Merrill Lynch International acting as underwriters.
Nov 21, 2025, 3:46 PM
Berkshire Hathaway Announces CEO Transition and Strong Q3 2025 Financials
BRK-B
CEO Change
Earnings
Management Change
  • Warren Buffett is set to step down as CEO of Berkshire Hathaway by the end of 2025, with Greg Abel slated to take over the leadership role.
  • Berkshire Hathaway reported a 34% increase in operating profits for its wholly owned companies in Q3 2025 and maintains a record cash reserve of approximately $381 billion.
  • The company's stock is currently trading at a price-to-earnings ratio of 16x, which is considered attractive compared to its peer average of 27x, and has delivered a 7.5% one-year shareholder return.
  • Berkshire Hathaway's investment portfolio remains heavily concentrated, with its five largest holdings comprising over 70% of total investments, and it has been trimming its stake in Apple, which remains its largest holding.
Nov 8, 2025, 7:09 PM
Berkshire Hathaway Inc. Announces Third Quarter and First Nine Months 2025 Earnings
BRK-B
Earnings
Revenue Acceleration/Inflection
  • Berkshire Hathaway Inc. reported operating earnings of $13,485 million for the third quarter of 2025, an increase from $10,090 million in the prior year period.
  • Net earnings attributable to Berkshire shareholders were $30,796 million for Q3 2025, with net earnings per average equivalent Class A Share at $21,413.
  • As of September 30, 2025, insurance float increased by $5 billion since year-end 2024, reaching approximately $176 billion.
  • The company emphasizes that investment gains (losses) included in net earnings are often meaningless and not indicative of quarterly business performance due to GAAP requirements for unrealized gains/losses.
Nov 3, 2025, 6:48 PM
Berkshire Hathaway Subsidiary Brooks Running Reports Strong Q3 Growth
BRK-B
Earnings
Revenue Acceleration/Inflection
Product Launch
  • Brooks Running, a subsidiary of Berkshire Hathaway, achieved its ninth consecutive quarter of year-over-year growth, with revenue increasing by 17% in Q3.
  • The company demonstrated strong global expansion, with year-to-date revenue growing 23% in EMEA and 82% in APLA.
  • Brooks secured the No. 1 market share in U.S. national retail for adult performance running footwear in Q3 and outpaced market growth in France and Germany, now sharing the No. 1 spot in Germany's performance running footwear segment.
  • Footwear revenue grew 17% year-over-year in Q3, driven by new product launches and strong performance from core franchises like Adrenaline GTS (up 20%) and Glycerin (up 29%).
Nov 3, 2025, 2:00 PM
Berkshire Hathaway Reports Q3 Revenue Increase and Record Cash Reserves
BRK-B
Earnings
CEO Change
  • Berkshire Hathaway reported a 2.1% increase in third quarter total revenue to $94.97 billion.
  • The company's cash reserves reached a record high.
  • This report comes as Warren Buffett prepares to step down from leadership.
Nov 3, 2025, 6:50 AM
Berkshire Hathaway Reports Strong Q3 Profits Amid CEO Succession Plan
BRK-B
Earnings
CEO Change
Share Buyback
  • Berkshire Hathaway reported a 17% increase in quarterly profits to $30.8 billion, with operating profits rising to $13.5 billion, largely due to a strong rebound in its insurance business, where underwriting profit more than doubled year-over-year to $2.37 billion.
  • The company's cash reserves reached a record $381.7 billion.
  • Warren Buffett plans to step down as CEO in January 2026, with Vice Chair Greg Abel expected to succeed him, while Buffett will remain chairman.
  • Berkshire Hathaway did not conduct any share buybacks for the first nine months of 2025, maintaining a cautious stance as the stock is viewed as overvalued.
Nov 2, 2025, 4:13 AM
Berkshire Hathaway Reports Third Quarter and First Nine Months 2025 Results
BRK-B
Earnings
  • Berkshire Hathaway reported net earnings attributable to shareholders of $30,796 million for the third quarter of 2025, an increase from $26,251 million in the third quarter of 2024. For the first nine months of 2025, net earnings attributable to shareholders were $69,301 million, up from $47,769 million in the same period of 2024.
  • Operating earnings for the third quarter of 2025 were $13,485 million, compared to $10,090 million in the third quarter of 2024. For the first nine months of 2025, operating earnings reached $34,286 million, an increase from $32,910 million in the first nine months of 2024.
  • The company's insurance float increased by $5 billion since year-end 2024, reaching approximately $176 billion as of September 30, 2025.
  • Berkshire Hathaway noted that the amount of investment gains (losses) in any given quarter is usually meaningless and can be extremely misleading to investors due to GAAP requirements for including changes in unrealized gains (losses) of equity security investments.
Nov 1, 2025, 12:00 PM
Berkshire Hathaway Downgraded by KBW Amid Succession and Business Pressures
BRK-B
CEO Change
Demand Weakening
Profit Warning
  • Keefe, Bruyette & Woods (KBW) downgraded Berkshire Hathaway from neutral to underperform, citing succession risk from Warren Buffett's planned step down as CEO at the end of 2025, and simultaneous pressures on core businesses like Geico, Burlington Northern Santa Fe railroad, and Berkshire Hathaway Energy.
  • KBW analyst Meyer Shields highlighted that Berkshire's $344.1 billion cash holdings will generate less income due to falling interest rates, and the stock price target for Class A shares was lowered from $740,000 to $700,000.
  • Warren Buffett will remain chairman of Berkshire Hathaway after stepping down as CEO, with Vice Chairman Greg Abel taking over the CEO role starting in January 2026.
Oct 27, 2025, 1:09 AM
Berkshire Hathaway Amends By-Laws to Separate Chairman and CEO Roles
BRK-B
CEO Change
Board Change
Management Change
  • On September 30, 2025, Berkshire Hathaway Inc.'s Board of Directors amended and restated the Company's By-Laws.
  • The primary purpose of this amendment was to separate the roles of Chairman of the Board of Directors and Chief Executive Officer.
  • Mr. Greg Abel is appointed to become the Company's President and Chief Executive Officer effective January 1, 2026, replacing Mr. Warren Buffett.
  • Mr. Buffett will continue to serve as Chairman of the Company's Board of Directors.
Oct 3, 2025, 2:34 PM
Berkshire Hathaway Increases Stake in Mitsubishi Corporation
BRK-B
New Projects/Investments
Debt Issuance
  • Berkshire Hathaway, via its subsidiary National Indemnity Company, increased its stake in Japan's Mitsubishi Corporation to 10.23% from 9.74%, following negotiations to remove a 10% investment cap.
  • This move deepens Berkshire's investment in five major Japanese trading firms, including Mitsubishi and Mitsui & Co, reflecting confidence in their medium- to long-term growth prospects.
  • Berkshire leverages low-cost yen debt at approximately 0.5% interest to generate 7-8% total shareholder yields from these companies, which offer reasonable valuations and steady cash flows.
  • As of late 2024, Berkshire's Japan portfolio is valued at $23.5 billion, having grown from an initial $6 billion investment in 2020.
Aug 28, 2025, 3:14 AM