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AI brief of an SEC Form 8-K · Berkshire Hathaway (BRK-B)

Berkshire Hathaway Q1 net earnings fall to $4.6 billion from $12.7 billion

Negative Impact 3 of 5 earnings Written later

Berkshire Hathaway reported first-quarter 2025 net earnings of $4.6 billion, down from $12.7 billion a year earlier, as investment losses of $5.0 billion replaced prior-year investment gains of $1.5 billion. Operating earnings also declined, to $9.6 billion from $11.2 billion. At its May 3, 2025 annual meeting, shareholders voted on director elections and seven shareholder proposals, and each proposal drew far more Against votes than For votes.

Key points

  • Net earnings per average equivalent Class A share were $3,200 in Q1 2025 versus $8,825 in Q1 2024.
  • Operating earnings were $9.6 billion versus $11.2 billion; insurance-underwriting earnings were $1.3 billion versus $2.6 billion.
  • BNSF earnings rose to $1.2 billion from $1.1 billion, and Berkshire Hathaway Energy earnings rose to $1.1 billion from $717 million.
  • The company urged investors to read its 10-Q, which it said has been posted on its website.

The filing

CompanyBerkshire Hathaway (BRK-B)
Form8-K, current report
Filed with the SECMay 6, 2025, 5:11 PM ET
Accession number0001193125-25-113900

Items reported: 2.02 Results of Operations5.07 Shareholder Vote Results

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.