BRK-B · 10-Q · 2026Q3 · Full report

Liquidity and Cash Position

BERKSHIRE HATHAWAY INC · 2026-11-09 · Importance 63 · Surprise 32

At September 30, 2026, Berkshire’s insurance and other businesses held $352.3 billion in cash, cash equivalents and U.S. Treasury Bills, net of specified purchase payables; equity and fixed-maturity securities totaled $352.6 billion. Shareholders’ equity was $761.4 billion, up $43.9 billion from December 31, 2025, and first-nine-month operating cash flow was $33.9 billion. Berkshire repurchased $14.4 billion of its stock in the first nine months, subject to a policy that repurchases cannot reduce consolidated cash, cash equivalents and Treasury Bills below $30 billion.

Key facts

• Berkshire will not repurchase stock if repurchases reduce consolidated cash, cash equivalents and U.S. Treasury Bills below $30 billion. source
• At September 30, 2026, Berkshire shareholders’ equity was $761.4 billion, up $43.9 billion since December 31, 2025. source
• Berkshire Hathaway’s insurance businesses held $230.941 billion in cash, cash equivalents and U.S. Treasury Bills, $333.359 billion in equity securities and $16.933 billion in fixed maturity securities at September 30, 2026. source
• At September 30, 2026, Berkshire insurance and other businesses held $352.3 billion in cash, cash equivalents and U.S. Treasury Bills, net of payables for September purchases settled in October. source
• At September 30, 2026, Berkshire held $352.6 billion in equity and fixed maturity securities, excluding equity method investments. source
• Berkshire acquired $14.4 billion of treasury stock in the first nine months of 2026, including September purchases settled in October. source
• Berkshire Hathaway’s insurance businesses had $15.4 billion of unsettled U.S. Treasury Bill purchases at September 30, 2026, included in liabilities and paid shortly after the balance sheet date. source
• Berkshire Hathaway stated that maintaining ample liquidity is paramount and that it prioritizes safety over yield for short-term investments. source