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BofA Finance LLC FY 2025 10-K, explained in plain English

BAC · 10-K for the period ending December 31, 2025, filed February 25, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$113.1B
Gross margin— not reported
Operating income— not reported
Net income$30.5B
Diluted EPS$3.81
Cash & equivalents— not reported
Total assets$3.41T
Long-term debt$317.8B

Key takeaway

The company earned $30.5 billion in net income on $113.1 billion of revenue, producing diluted EPS of $3.81.

🔒 4 more takeaways in the full analysis

Beneath the surface

Available-for-sale securities carry $131.8 billion in gross unrealized losses, with $101.2 billion of that in positions underwater for 12+ months, indicating substantial embedded losses versus the $790 million in unrealized gains.

🔒 3 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for BAC.

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