Flash FinanceUS
After hours S&P 5007,549.94+2.35% Nasdaq25,253.14+2.74% Dow 3052,389.75+2.15% Russell 20002,840.81+3.15% Nasdaq-10027,907.62+3.40% MidCap 4003,715.23+3.13% SmallCap 6001,722.37+2.89% VIX19.92-22.31% 10Y Yield4.86+0.10% Close of Nov 09, 2026
AI brief of an SEC Form 8-K · Berkshire Hathaway (BRK-B)

Berkshire Hathaway Q4 net earnings fall to $19.2 billion from $19.7 billion

Negative Impact 3 of 5 earnings Written later

Berkshire Hathaway reported fourth-quarter 2025 net earnings attributable to shareholders of $19.2 billion, down from $19.7 billion a year earlier, and full-year net earnings of $67.0 billion, down from $89.0 billion in 2024. Operating earnings also declined, to $10.2 billion in the quarter from $14.5 billion and to $44.5 billion for the year from $47.4 billion. The company said quarterly investment gains and losses, which include unrealized market changes, can make per-share figures misleading.

Key points

  • Q4 2025 net earnings were $19.2 billion versus $19.7 billion in Q4 2024; Q4 operating earnings were $10.2 billion versus $14.5 billion.
  • Full-year 2025 net earnings were $67.0 billion versus $89.0 billion in 2024; full-year operating earnings were $44.5 billion versus $47.4 billion.
  • Net earnings per Class B share were $8.90 in Q4 2025 versus $9.13 in Q4 2024, and $31.04 for the full year versus $41.27.
  • Other-than-temporary impairments on Kraft Heinz and Occidental reduced 2025 earnings by $4.5 billion in Q4 and $8.3 billion for the full year; insurance float was about $176 billion at December 31, 2025.

The filing

CompanyBerkshire Hathaway (BRK-B)
Form8-K, current report
Filed with the SECMar 2, 2026, 5:27 PM ET
Accession number0001193125-26-085801

Items reported: 2.02 Results of Operations

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 March 02, 2026.

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.