Berkshire Hathaway (BRK-B) 10-K Summary — Year Ended Dec 31, 2025
Berkshire Hathaway Inc. filed its annual report describing its diversified holding company operations. The filing reports a slight decline in revenue compared to the prior period, while net income and operating cash flow remained strong.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Berkshire Hathaway Inc. filed its annual report describing its diversified holding company operations. The filing reports a slight decline in revenue compared to the prior period, while net income and operating cash flow remained strong.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$247.2B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$67B
Net income reported for the year.
Operating cash flow
$46B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $207.8B | +8.6% |
| Dec 31, 2023 | $254.9B | +22.7% |
| Dec 31, 2024 | $249.7B | -2.0% |
| Dec 31, 2025 | $247.2B | -1.0% |
Business overview
The company is a diversified holding company, as indicated by its name. The Business Description section (Item 1) outlines its operations, but the supplied filing context does not include the specific text.
Financial performance
Revenue decreased slightly compared to the prior reporting period. Net income was substantial, and operating cash flow was also significant. The trend shows revenue has fluctuated in recent periods.
Material risks
The Risk Factors section (Item 1A) identifies potential risks, including market conditions, regulatory changes, and operational uncertainties. The supplied context does not provide further detail.
Liquidity and capital
The Management’s Discussion and Analysis (Item 7) discusses liquidity and capital allocation, but the supplied context does not include specific themes or details.
What to watch
Monitor the revenue trend in the next filing, given the recent decline compared to the prior period.