{
  "url": "https://struct.news/briefs/berkshires-profit-doubled-its-cash-conversion-went-the-other-way",
  "title": "Berkshire’s profit doubled. Its cash conversion went the other way.",
  "summary": "Net income rose 107.5% in the three months ended June 30, while free-cash-flow margin fell 0.9 percentage points.",
  "published_at": "2026-08-10T10:08:20.715398+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Berkshire Hathaway Inc.",
    "ticker": "BRK-B",
    "cik": "1193125",
    "sector": "Financial Services",
    "industry": "Insurance - Diversified"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-10",
    "accession": "0001193125-26-341032",
    "url": "https://www.sec.gov/Archives/edgar/data/1067983/000119312526341032/brka-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-04",
    "url": "https://www.sec.gov/Archives/edgar/data/1067983/000095017025101578/brka-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 247244000000,
      "display": "$247.2B",
      "unit": "usd",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001193125-26-341032",
        "filing_date": "2026-08-10"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": -0.9891315665120914,
      "display": "-1.0%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001193125-26-341032",
        "filing_date": "2026-08-10"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Net margin",
      "value": 27.085793790749218,
      "display": "+27.1%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001193125-26-341032",
        "filing_date": "2026-08-10"
      }
    }
  ],
  "watch_next": [
    {
      "type": "demand",
      "statement": "Several retailing businesses reported sluggish customer demand tied to competition, economic uncertainty, and consumer confidence.",
      "importance": "medium",
      "evidence": "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.",
      "source_date": "2026-08-10"
    },
    {
      "type": "litigation",
      "statement": "Real-estate brokerage earnings fell after charges tied to a settlement in ongoing industry litigation during the latest three months.",
      "importance": "medium",
      "evidence": "Net earnings of real estate brokerage businesses decreased $25 million in the second quarter and $22 million in the first six months of 2026 compared to 2025, primarily due to charges in the second quarter of 2026 associated with a settlement reached in the ongoing real estate industry litigation matters.",
      "source_date": "2026-08-10"
    },
    {
      "type": "input_costs",
      "statement": "Higher sales volumes and prices were partly offset by higher raw-material and manufacturing costs and unfavorable product mix.",
      "importance": "medium",
      "evidence": "The increases were primarily attributable to the impacts of higher sales volumes and selling prices, partially offset by higher raw materials and manufacturing costs and unfavorable product mix.",
      "source_date": "2026-08-10"
    },
    {
      "type": "interest_rates",
      "statement": "Financial services earnings benefited from higher interest income and lower claims expense, partly offset by higher interest expense on affiliate borrowings.",
      "importance": "medium",
      "evidence": "The increase in financial services earnings was primarily due to higher interest income and lower insurance claims expense, partially offset by increased interest expense on increased borrowings from affiliates.",
      "source_date": "2026-08-10"
    }
  ],
  "related_tickers": [
    "BRK-B"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}