Company profile
SEC EDGAR ↗- Industry
- Fire, Marine & Casualty Insurance
- Listed
- NYSE: BRK-B
- Incorporated
- DE
- Headquarters
- Omaha, NE
- Fiscal year end
- Dec 31
Financials
FY2025- Revenue
- $247.2B
- Net income
- $67.0B
- Total assets
- $1.22T
| Fiscal year | Revenue | Net income | Total assets |
|---|---|---|---|
| FY2025 | $247.2B | $67.0B | $1.22T |
| FY2024 | $249.7B | $89.0B | $1.15T |
| FY2023 | $254.9B | $96.2B | $1.07T |
| FY2022 | $207.8B | −$22.8B | $948.5B |
| FY2021 | $191.3B | $89.9B | $959.4B |
| FY2020 | $166.7B | $42.5B | $873.7B |
Reported fiscal years from SEC filings (10-K) — SEC EDGAR ↗. Stratrix is a strategy publication, not a real-time financial data service.
The analyses
The Succession Question · People & Control
What Happens to a Company Built Around One Irreplaceable Person? Berkshire After Buffett
For sixty years Berkshire Hathaway was, in effect, Warren Buffett. On January 1, 2026, it stopped being - Greg Abel took over as CEO. The handover is the ultimate test of the hardest question in business: can a company that is one person's masterpiece outlive the person?
8 min
The Counterfactual · Decision Forks
Buffett's Most Expensive Mistake Doesn't Appear on Any Balance Sheet
Everyone quotes the Dexter Shoe disaster, but the loss figure has grown from $3.5B in 2007 to $5.7B in 2014 to roughly $14.4B today — and even that is dwarfed by the misses Buffett can't put a number on at all.
8 min
The Cross-Subsidy · Business Model
Berkshire's Best Investor Is a Pile of Other People's Money It Will One Day Have to Repay
In 1967 Buffett bought an insurer carrying $19.4 million of 'float' — money it held but didn't own. By 2024 that float was about $171 billion. The genius isn't the stock picks. It's getting paid to borrow the capital that buys them.
8 min
The Founder Doctrine · People & Control
Berkshire Runs 392,400 Employees From a 27-Person Headquarters — Now Abel Inherits the Math
Buffett gets credit for trusting his managers. But with roughly 27 people at headquarters overseeing about 392,400 employees, decentralization at Berkshire was never a choice of temperament — it was the only arithmetic that worked, and now Greg Abel inherits it.
8 min