“Senior note borrowings of BHFC, a wholly-owned financing subsidiary, were approximately $18.2 billion at March 31, 2026, a decrease of $65 million from December 31, 2025, primarily due to foreign currency exchange rate changes.”10-Q · May 4, 2026 ↗
Berkshire Hathaway Inc.
BRK-A
Market read
Berkshire Hathaway Inc.'s move is spreading beyond its market group.
No new filing conclusion is available. 8 of 12 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 7 directly disclosed connections are confirming.
- At least 8 of 12 members remain active in the next snapshot.
- Capital-flow agreement rises above 55%.
- RLI remains aligned with the group in the next market snapshot.
Invalidation: The live read weakens if participation falls to 4 of 12 members or fewer.
Research brief
The story so far
No new filing conclusion is available. 8 of 12 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 7 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- At least 8 of 12 members remain active in the next snapshot.
- Capital-flow agreement rises above 55%.
- RLI remains aligned with the group in the next market snapshot.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Foreign exchange has repeated favorable evidence across 4 filings.
- Material customer WMT most recently reported revenue +6.9% year over year.
- Latest annual revenue changed -1.0% year over year.
- Net margin changed -8.6 percentage points in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 4 filings.
- Energy and commodity prices has repeated adverse evidence across 4 filings.
- Input and raw-material costs has repeated adverse evidence across 4 filings.
- Macroeconomic conditions has repeated adverse evidence across 4 filings.
- Pricing and mix has repeated adverse evidence across 4 filings.
- Restructuring and cost reductions has repeated adverse evidence across 4 filings.
No credible peer-relative valuation comparison is available yet.
Price as of Oct 1, 2026
751,745.00Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Several of our other retailing businesses continued to experience sluggish customer demand in the first quarter of 2026, attributable to a combination of increased competition and the impacts of higher economic uncertainty and changes in consumer confidence.”10-Q · May 4, 2026 ↗
“The increase was primarily attributable to higher fuel prices, partially offset by lower fuel volumes.”10-Q · May 4, 2026 ↗
“Berkshire’s outstanding debt at March 31, 2026 was $19.9 billion, a decrease of $2.8 billion since December 31, 2025, primarily attributable to repayments of maturing debt of $2.5 billion, as well as reductions due to changes in foreign currency exchange rate…”10-Q · May 4, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for BRK-A. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for BRK-A. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind BRK-A
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
WMT17.2% of BRK-AcustomerMar 2, 2026 ▾
“McLane’s major customers during 2025 included Walmart (approximately 17.2% of revenues); 7-Eleven (approximately 13.3% of revenues); and Yum!”
OXYOccidental Petroleum CorporationinvesteeMay 4, 2026 ▾
“On January 2, 2026 , Berkshire completed its acquisition of Occidental Petroleum Corporation’s ( “Occidental”) chemicals business (“ OxyChem”) pursuant to a definitive agreement as of October 1, 2025.”
PWFiling-linked namesupplierMar 2, 2026 ▾
“Nevada Power serves retail electric customers in southern Nevada and Sierra Pacific serves retail electric and natural gas customers in northern Nevada.”
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
BRK-A is currently a Participant in the organic co-movement group Insurance Providers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.