Revenue Growth Across Operations
Berkshire Hathaway generated $93.7B in revenue for Q1 2026, up 4.4% from $89.7B in Q1 2025, reflecting steady contributions from its diversified operating businesses including insurance, railroads (BNSF), energy (BHE), and manufacturing/retail segments.
Net Income Surge Driven by Investment Gains
Net income nearly doubled to $10.1B in Q1 2026 from $4.6B in Q1 2025 (+119.6% YoY), a gain likely attributable to mark-to-market appreciation in Berkshire's massive equity investment portfolio, which under GAAP rules flows through the income statement and can create significant volatility quarter to quarter.
Balance Sheet Strength Continues to Expand
Total assets grew 7.5% YoY to $1.25T, while stockholders' equity increased 11.1% to $727.2B, underscoring Berkshire's continued accumulation of intrinsic value and its fortress-like financial position with a debt-to-equity ratio of only 0.72.