#berkshire-hathaway
Financial analysis and earnings reports for Berkshire Hathaway Inc. (BRK.A / BRK.B)
Berkshire bought back $9.6B of stock in Q3 2026 and spent $16.2B on acquisitions this year, yet cash and T-bills rose to $377.4B as operating earnings fell 6%.
Owner earnings equal reported earnings plus non-cash charges minus maintenance CapEx — the cash you could withdraw without shrinking the business.
Berkshire Hathaway reported $25.7B of Q2 2026 GAAP net income, but $10.9B was unrealized equity gains; operating earnings were $13.0B, cash and T-bills reached $365.5B, and insurance float hit $177.5B. A public Beancount ledger separates mark-to-market gains from operating results.
