Berkshire Hathaway reported its Q1 2025 earnings, revealing a significant drop in net earnings by 63% year-over-year to $4.67 billion, largely due to investment losses. Despite holding a record $347.7 billion in cash, Warren Buffett has been a net seller of stocks for ten consecutive quarters.

Berkshire Hathaway's operating profit surged 34% to $13.485 billion in Q3 2025, driven by a significant increase in insurance underwriting income. Despite a substantial cash reserve of $381.6 billion, the company did not buy back any shares and sold equities for a taxable gain of $10.4 billion. Warren Buffett is set to step down as CEO at the end of the year, with Greg Abel taking over.

Berkshire Hathaway reported a record cash reserve of $347.7 billion for Q1 2025, but net earnings dropped 63% year-over-year to $4.67 billion due to investment losses. Operating earnings also fell 14% to $9.64 billion, largely impacted by significant losses from California wildfires.