Berkshire Hathaway 2025 Annual Report is out. Cash pile hits $373.1 billion dollars at the end of December. Here are some balance sheet comparisons.
u/NoDontClickOnThat ·
Reddit — r/ValueInvesting
· February 28, 2026 at 15:11
· ⬆ 15 pts
· 💬 10 comments
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Summary
The post presents a summary table of Berkshire Hathaway's Q4 2025 balance sheet, highlighting a record cash pile of $373.1 billion.
The author provides key figures and their percentage changes quarter-over-quarter and year-over-year, focusing on cash, investments, and shareholder equity.
Quality assessment: This is factual data extraction from an official company report (the 2025 annual report), not speculative analysis or deep due diligence.
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[https://www.berkshirehathaway.com/2025ar/2025ar.pdf](https://www.berkshirehathaway.com/2025ar/2025ar.pdf)
|(amounts in millions)|4th Quarter 2025|vs Last Quarter|vs Last Year|
|:-|:-|:-|:-|
|||||
|*Insurance and Other:*||||
|Cash and cash equivalents (1)|$47,719|\-33.9%|\+7.6%|
|Short-term investments in U.S. Treasury Bills|$321,434|\+5.3%|\+12.2%|
|Payable for purchase of U.S. Treasury Bills|\-$167|\-99.3%|\-98.7%|
|Net short-term investments in U.S. Treasury Bills (2)|$321,267|\+13.9%|\+17.4%|
|Investments in fixed maturity securities|$17,816|\-0.7%|\+16.0%|
|Investments in equity securities|$297,778|\+5.1%|\+9.6%|
|Equity method investments|$19,978|\-21.7%|\-35.8%|
|*Railroad, Utilities and Energy:*||||
|Cash and cash equivalents (3)|$4,158|\+0.2%|\+22.4%|
|*BRK's Cash Pile:*||||
|(1) + (2 ) + (3)|$373,144|\+4.1%|\+16.1%|
|||||
|Total Cash Pile + Investments|$708,716|\+3.4%|\+10.8%|
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|Shareholder's equity|$719,703|\+2.7%|\+10.4%|
|Shareholder's equity per BRK.B equivalent|$333.61|\+2.7%|\+10.4%|