Berkshire Hathaway reported a net earnings decline to $12.37 billion in the second quarter of 2025, down from $30.35 billion in the same period last year. The company took a $3.76 billion write-down on its stake in Kraft Heinz, reflecting challenges with the decade-old investment. Operating profit fell by 4%, impacted by a drop in insurance underwriting premiums and currency movements. Despite these setbacks, core operations such as insurance and railroads showed stability and some growth. Berkshire also reduced its stake in VeriSign by selling $1.2 billion worth of shares, lowering its holding to 8 million shares. The impairment on Kraft Heinz was reported at $5 billion, reducing the stake's value to $8.4 billion. Berkshire's cash position reached 30% of total assets, the highest in its history, amounting to a $344 billion cash hoard. The company paused share buybacks amid mounting global pressures, which it warned could have adverse consequences on most, if not all, of its operating businesses. Despite a 3.11% revenue increase to $92.52 billion and an earnings per share beat at $5.73 versus the expected $5.01, Berkshire's stock has struggled since its peak in May 2025.