“Senior note borrowings of BHFC, a wholly-owned financing subsidiary, were approximately $18.2 billion at June 30, 2026, a decline of $72 million from December 31, 2025, primarily due to the impact of foreign currency exchange rate changes.”10-Q · Aug 10, 2026 ↗
Berkshire Hathaway Inc.
BRK-B
Market read
Berkshire Hathaway Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 32 directly disclosed connections are confirming.
- Several retailing businesses reported sluggish customer demand tied to competition, economic uncertainty, and consumer confidence.
- Real-estate brokerage earnings fell after charges tied to a settlement in ongoing industry litigation during the latest three months.
Invalidation: The isolated read changes if BRK-B's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 32 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- Several retailing businesses reported sluggish customer demand tied to competition, economic uncertainty, and consumer confidence.
- Real-estate brokerage earnings fell after charges tied to a settlement in ongoing industry litigation during the latest three months.
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?
- 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 5 filings.
- Input and raw-material costs has repeated adverse evidence across 5 filings.
- Macroeconomic conditions has repeated adverse evidence across 5 filings.
- Pricing and mix has repeated adverse evidence across 5 filings.
- Restructuring and cost reductions has repeated adverse evidence across 5 filings.
- Tariffs and trade policy has repeated adverse evidence across 4 filings.
No credible peer-relative valuation comparison is available yet.
Price as of Sep 10, 2026
507.07Reported 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, attributable to a combination of increased competition and the impacts of higher economic uncertainty and changes in consumer confidence.”10-Q · Aug 10, 2026 ↗
“The increases reflected higher fuel prices, partially offset by slightly lower fuel volumes.”10-Q · Aug 10, 2026 ↗
“Berkshire’s outstanding debt at June 30, 2026 was $20.4 billion, a decrease of $2.3 billion since December 31, 2025, primarily attributable to repayments of maturing debt of $3.3 billion and reductions in carrying values due to changes in foreign currency exc…”10-Q · Aug 10, 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 10 Sept, 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-B. 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-B. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind BRK-B
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
WMT17.2% of BRK-BcustomerMar 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 ▾
“We recorded other-than-temporary impairment losses in 2025 on our investments in The Kraft Heinz Company (“Kraft Heinz”) and Occidental Petroleum Corporation (“Occidental”) common stock, which are accounted for under the equity method.”
Depended on by
EVRGEvergy, Inc.partnerMay 7, 2026 ▾
“Evergy Kansas Central also owns a 50% interest in Prairie Wind, which is a joint venture between Evergy Kansas Central and subsidiaries of AEP and Berkshire Hathaway Energy Company.”
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 29 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
BRK-B is currently a Leader in the organic co-movement group Diversified Conglomerates. 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.
This group is retained as the last observed read for BRK-B; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.