Brookfield Wealth Solutions (BNT) financial statements
Brookfield Wealth Solutions reported revenue of $11.6B in fiscal 2025, up 76.7% a year over 6 years.
Net income was $863M.
Free cash flow was $2.5B.
The diluted share count rose 175% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Brookfield Wealth Solutions's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $382M | $469M | $1.0B | $4.4B | $6.9B | $14.1B | $11.6B |
| Operating income | — | $10M | -$113M | $636M | $814M | $1.2B | $967M |
| Interest expense | $0 | $0 | $1M | $104M | $249M | $362M | $379M |
| Pre-tax income | $6M | $2M | -$113M | $532M | $814M | $1.2B | $967M |
| Income tax | $0 | $3M | -$1M | $31M | $17M | -$34M | $104M |
| Net income | $6M | $7M | -$112M | $433M | $681M | $1.1B | $863M |
| EPS (diluted) | $67.72 | $83.88 | -$4.92 | $13.75 | $10.51 | $8.69 | $3.35 |
| Diluted shares | 82M | 0M | 20M | 31M | 64M | 126M | 224M |
| Operating margin | — | 2.1% | -10.9% | 14.4% | 11.8% | 8.6% | 8.3% |
| Net margin | 1.6% | 1.5% | -10.8% | 9.8% | 9.9% | 8.1% | 7.4% |
Balance sheet
Fiscal years, from Brookfield Wealth Solutions's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $13M | $35M | $1.6B | $4.5B | $7.4B | $16.6B | $13.5B |
| Property, plant and equipment | — | $2M | $2M | $194M | $294M | $272M | $290M |
| Goodwill | — | — | $0 | $121M | $121M | $783M | $783M |
| Total assets | — | $1.4B | $11.6B | $43.5B | $61.6B | $140.0B | $157.2B |
| Total liabilities | — | $1.3B | $10.2B | $39.2B | $52.8B | $126.9B | $139.3B |
| Shareholders' equity | $66M | $129M | $1.3B | $1.7B | $6.2B | $13.1B | $17.9B |
| Net debt | -$13M | -$35M | -$393M | -$2.1B | -$4.3B | -$12.2B | -$13.0B |
Cash flow
Fiscal years, from Brookfield Wealth Solutions's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $309M | $426M | $1.7B | $644M | $1.5B | $4.6B | $2.6B |
| Capital spending | $0 | $1M | $1M | $24M | $135M | $40M | $69M |
| Free cash flow | $309M | $398M | $1.7B | $620M | $1.4B | $4.5B | $2.5B |
| Dividends paid | — | — | — | $64M | — | — | — |
| Share buybacks (net) | $0 | $0 | -$8M | -$6M | — | — | — |
| Net borrowing | $0 | $0 | $693M | $3.0B | — | — | — |
| Free cash flow margin | 80.9% | 84.9% | 162.1% | 14.0% | 19.8% | 32.1% | 21.9% |
| Dividends per share | — | — | — | $2.07 | — | — | — |
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Open BNT in InvestinglyQuestions
What was Brookfield Wealth Solutions's revenue in 2025?
$11.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does Brookfield Wealth Solutions generate?
$2.5B in fiscal 2025 (operating cash flow minus capital spending).
From Brookfield Wealth Solutions's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.