Berkshire Hathaway’s Record Cash Pile Grows as Buffett Exits
Berkshire Hathaway's cash reserves swelled to a historic $381.7 billion in Q3 2025, marking a $104 billion year-over-year increase. The conglomerate continued its 12-quarter streak of net equity sales while abstaining from share buybacks for the fifth consecutive quarter.
Operating profits surged 34% to $13.49 billion, outperforming analyst estimates. Insurance operations and favorable currency movements drove the beat, with net income climbing 17% to $30.8 billion.
The earnings report comes during a transitional period for the Omaha-based giant. Warren Buffett will relinquish his CEO role in December after six decades, with Greg Abel poised to take the helm. Berkshire shares have underperformed the S&P 500 by 32 percentage points since Buffett's May retirement announcement.
