Filing Flows › Berkshire Hathaway (BRK-B) › Q1 2025
Berkshire Hathaway (BRK-B) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
Berkshire Hathaway (BRK-B) reported revenue of $89.7B for the first quarter 2025 (Q1 2025), -0.2% from a year earlier and -5% from the quarter before. Operating margin was 12.8%, net earnings $4.6B (5.1% of revenue).
Berkshire Hathaway, Q1 2025: revenue $89.7B (-0.2% year over year), operating margin 12.8%, net earnings $4.6B, operating cash flow $10.9B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $89.7B | -5% | -0.2% |
| Operating profit | $11.5B | -31% | -14% |
| Net earnings | $4.6B | -77% | -64% |
| Operating cash flow | $10.9B | +136% | +3% |
| Free cash flow | $6.6B | — | +7% |
What changed
Revenue was $89.7B in Q1 2025, roughly flat year over year and down 5% from the previous quarter. Insurance Corporate and Other was the largest line at 29% of revenue. Pilot Travel Centers LLC lost $2.1B year over year (down 17%), 1439% of the total change.
Operating profit was $11.5B, a 12.8% margin (down 2.1 points year over year). Total costs grew 2% against flat revenue. Net earnings were $4.6B, down 64% year over year. The effective tax rate was 9.2%.
Operating cash flow was $10.9B (up 3% year over year), 233% of net earnings. Non-cash charges added back $3.3B of depreciation and amortization. Working capital and other items added $3.0B. Capital expenditures of $4.3B left free cash flow of $6.6B.
Questions
What was Berkshire Hathaway's revenue in the first quarter 2025?
Berkshire Hathaway (BRK-B) reported revenue of $89.7B for the first quarter 2025 (Q1 2025), -0.2% from a year earlier and -5% from the quarter before.
Was Berkshire Hathaway profitable in the first quarter 2025?
Operating profit was $11.5B (12.8% of revenue) and net earnings $4.6B.
Source: Berkshire Hathaway 10-Q on SEC EDGAR.