BRK-B · 8-K · 20260507PR212148

Investment gains volatility

BERKSHIRE HATHAWAY INC · 2026-05-07 · Importance 96 · Surprise 100

The press release reports investment gains (losses) of $(1,240) million in Q1 2026 versus $(5,038) million in Q1 2025 and explains that these figures include large unrealized equity losses and realized gains. Specifically, unrealized losses of approximately $7.0 billion in Q1 2026 and $7.4 billion in Q1 2025 are cited, alongside after-tax realized gains on sales of investments of $5.8 billion in Q1 2026 and $2.4 billion in Q1 2025. The filing emphasizes that GAAP requires including changes in unrealized gains (losses) of equity security investments in investment gains (losses) in periodic earnings statements.