Summary
Berkshire Hathaway Inc. (BRK-B) reported a solid financial performance for the quarter and six months ending June 30, 2025. The company's total revenues remained robust, driven by its diverse business segments including insurance, railroad, utilities, energy, manufacturing, and services. Net earnings attributable to Berkshire shareholders were $12.4 billion for the second quarter and $17.0 billion for the first six months of 2025. The balance sheet remains exceptionally strong, with total assets growing to $1.16 trillion and shareholders' equity increasing to $670.3 billion, underscoring the company's financial resilience and capacity for future investments and operations. Key financial highlights include a significant increase in cash and cash equivalents, which more than doubled to $96.2 billion in the Insurance and Other segment, indicating strong operational cash generation. While investment gains and losses from equity securities introduced volatility in reported earnings, the underlying operating businesses demonstrated consistent performance. The company continues to manage its debt prudently, with consolidated borrowings at $127 billion, and maintains substantial liquidity, exceeding the $30 billion threshold for share repurchases. The significant goodwill and intangible assets on the balance sheet are being closely monitored for any potential impairments, although none were identified in this period.
Financial Highlights
27 data points| Revenue | $92.52B |
| Operating Expenses | $79.38B |
| Interest Expense | $1.25B |
| Net Income | $12.37B |
Key Highlights
- 1Total revenues for the first six months of 2025 were $182.2 billion, slightly down from $183.5 billion in the prior year, reflecting diversified business segment performance.
- 2Net earnings attributable to Berkshire shareholders were $12.4 billion for Q2 2025 and $17.0 billion for the first six months of 2025.
- 3Shareholders' equity increased to $670.3 billion as of June 30, 2025, up from $651.7 billion at the end of 2024, demonstrating continued growth in book value.
- 4Cash, cash equivalents, and U.S. Treasury Bills across the company totaled $339.8 billion in the insurance and other businesses as of June 30, 2025, showcasing immense liquidity.
- 5Investment gains (losses) showed significant volatility, with a net loss of $71 million for the first six months of 2025 compared to a gain of $25.7 billion in the prior year, driven by equity security price fluctuations.
- 6The company recorded a significant other-than-temporary impairment loss of $5.0 billion related to its investment in Kraft Heinz in the second quarter of 2025.
- 7PacifiCorp, a subsidiary of BHE, faces substantial legal contingencies related to wildfire litigation, with estimated probable losses of $2.75 billion before taxes as of June 30, 2025.