BEKE
$18.07+1.35%
as of close, Oct 16, 2026
☾ AH $18.07 +1.35%
KE Holdings Inc American Depositary Shares (each representing threeStock · Real Estate
BEKE financial statements
The full income statement, balance sheet, and cash-flow statement for KE Holdings Inc American Depositary Shares (each representing three (BEKE), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2018-12 1.37B2019-12 1.47B2020-12 2.27B2021-12 3.55B2022-12 3.54B2023-12 3.45B2024-12 3.35B2025-12 3.47B+152.5% over 7 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 13.2B+1.3% | 13.0B+18.2% | 11.0B+21.9% | 9.01B-28.0% | 12.5B+22.6% | ||
| Lease income | 2.58B+42.9% | 1.80B+130.7% | 782M+263.7% | 215M+118.1% | 98.5M | |
| 2.81B-11.8% | 3.19B+3.9% | 3.07B+49.9% | 2.05B-16.5% | 2.45B+0.4% | ||
| Cost of revenue | 10.3B+5.6% | 9.80B+23.7% | 7.92B+13.7% | 6.97B-30.8% | 10.1B+29.5% | |
| 2.52B-5.5% | 2.67B+11.5% | 2.39B+10.1% | 2.17B-18.4% | 2.66B+31.1% | ||
| Research & development | 359M+13.2% | 317M+16.0% | 274M-27.6% | 378M-23.6% | 495M+37.9% | |
| Selling, general & administrative | 1.12B-9.8% | 1.25B+7.0% | 1.16B+6.6% | 1.09B-21.1% | 1.38B+25.8% | |
| General & administrative | 1.12B-9.8% | 1.25B+7.0% | 1.16B+6.6% | 1.09B-21.1% | 1.38B+25.8% | |
| Selling & marketing | 1.02B-5.7% | 1.08B+15.0% | 940M+38.4% | 680M+1.7% | 668M+24.1% | |
| Amortization of intangibles | 19.2M-48.5% | 37.3M-57.9% | 88.6M+2.0% | 86.8M+14.1% | 76.1M-15.4% | |
| Provision for credit losses | 11.1M-26.5% | 15.1M-38.5% | 24.6M+317.5% | -11.3M-106.0% | 189M+74.7% | |
| Operating income | 294M-43.9% | 523M-22.8% | 678M+647.7% | -124M+41.1% | -210M-151.0% | |
| Interest expense | 939K-46.6% | 1.76M-27.8% | 2.44M+16.7% | 2.09M+120.6% | 946K-96.5% | |
| Interest & investment income | — | 35.2M-82.4% | 200M+75.1% | 114M+72.7% | 66.0M | |
| Net interest income | — | — | 179M+61.6% | 110M+101.0% | 55.0M+131.8% | |
| Other non-operating income | 201M-7.6% | 218M-17.6% | 264M+13.3% | 233M-11.7% | 264M+72.5% | |
| Equity-method income | 2.29M+61.3% | 1.42M+10.2% | 1.29M-80.6% | 6.63M+8.1% | 6.13M+487.0% | |
| Pre-tax income | 651M-31.8% | 955M-14.3% | 1.11B+2465.0% | 43.4M-75.4% | 177M-72.2% | |
| Income tax | 235M-39.5% | 388M+37.7% | 282M+12.3% | 251M-2.8% | 258M+10.7% | |
| 417M-26.3% | 565M-32.0% | 831M+503.6% | -206M-153.5% | -81.3M-120.2% | ||
| Net income to non-controlling interest | -412K-122.3% | 1.85M+104.7% | 901K+154.1% | -1.67M-1586.6% | -98.8K-193.2% | |
| Net income to common | 417M-26.3% | 565M-32.0% | 831M+503.6% | -206M-153.5% | -81.3M-177.8% | |
| $0.12-25.1% | $0.16-30.6% | $0.23+497.5% | -$0.06-149.2% | -$0.02-150.1% | ||
| EPS (basic) | $0.13-24.3% | $0.17-29.9% | $0.24+507.2% | -$0.06-149.2% | -$0.02-150.1% | |
| Weighted-avg shares (basic) | 3.33B-2.5% | 3.41B-3.2% | 3.52B-1.3% | 3.57B+0.6% | 3.55B+59.4% | |
| Weighted-avg shares (diluted) | 3.47B-1.8% | 3.54B-2.1% | 3.61B+1.2% | 3.57B+0.6% | 3.55B+56.5% | |
| Dividends per share | $0.12-1.6% | $0.12+101.0% | $0.06 | — | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 9.73B-7.3% | 10.5B+6.8% | 9.82B-3.8% | 10.2B-7.3% | 11.0B-17.9% | ||
| Cash & equivalents | 1.11B-29.2% | 1.57B-43.3% | 2.77B-1.7% | 2.81B-12.6% | 3.22B-48.7% | |
| Short-term investments | 5.65B-0.1% | 5.66B+17.3% | 4.83B-6.2% | 5.14B+11.1% | 4.63B+92.5% | |
| Accounts receivable | 442M-39.2% | 726M+70.8% | 425M-28.1% | 591M-59.8% | 1.47B-27.3% | |
| Inventory | 408M+84.8% | 221M+414.8% | 42.8M+131.7% | 18.5M+517.1% | 3.00M | |
| Prepaid expenses | 532M-16.3% | 636M-3.2% | 657M+11.7% | 588M+19.4% | 493M-31.3% | |
| 16.7B-8.6% | 18.2B+7.6% | 16.9B+6.9% | 15.9B+0.4% | 15.8B-1.2% | ||
| Property, plant & equipment | 296M-10.1% | 329M+18.8% | 277M-6.2% | 295M-4.9% | 310M+37.6% | |
| Operating lease right-of-use | 2.73B-14.6% | 3.20B+29.0% | 2.48B+51.7% | 1.64B+43.4% | 1.14B+9.1% | |
| Goodwill | 666M+1.7% | 655M-4.3% | 684M-4.4% | 715M+151.6% | 284M-24.8% | |
| Intangible assets | 103M-12.2% | 118M-21.8% | 150M-38.5% | 245M+36.1% | 180M-28.6% | |
| Long-term investments | 2.88B-11.7% | 3.26B-1.8% | 3.32B+27.8% | 2.60B-3.1% | 2.68B+457.3% | |
| Deferred tax assets | 180M+30.4% | 138M-12.2% | 157M+26.3% | 124M-25.6% | 167M+23.1% | |
| Total non-current assets | 6.93B-10.5% | 7.75B+8.8% | 7.12B+26.3% | 5.64B+17.9% | 4.78B+86.3% | |
| 6.06B-16.2% | 7.23B+29.8% | 5.57B+15.2% | 4.83B+6.1% | 4.56B-11.6% | ||
| Accounts payable | 864M-33.5% | 1.30B+45.9% | 891M+5.2% | 847M-10.5% | 946M-6.4% | |
| Deferred revenue | 623M+3.3% | 603M+18.9% | 508M+7.4% | 473M+172.4% | 173M+54.2% | |
| Short-term & current debt | — | 39.5M-3.5% | 40.9M | — | — | |
| Current lease liability | 1.52B-19.1% | 1.88B+42.6% | 1.32B+83.1% | 721M+66.3% | 433M+7.7% | |
| Other current liabilities | 49.8M-7.2% | 53.6M-11.5% | 60.6M | — | — | |
| 7.16B-15.3% | 8.45B+24.7% | 6.78B+16.1% | 5.84B+11.5% | 5.24B-8.9% | ||
| Long-term debt | 26.1M | 0.00 | — | — | — | |
| Non-current lease liability | 996M-15.9% | 1.18B+0.9% | 1.17B+22.6% | 957M+41.2% | 677M+15.3% | |
| Operating lease liability (total) | 2.52B-17.8% | 3.06B+22.9% | 2.49B+48.6% | 1.68B+51.0% | 1.11B+12.2% | |
| Deferred tax liabilities | 45.3M+4.1% | 43.5M+10.6% | 39.3M-22.7% | 50.9M+1310.9% | 3.61M+36.2% | |
| Other non-current liabilities | 307K-12.6% | 351K+540.9% | 54.8K-20.4% | 68.9K-68.3% | 217K-59.1% | |
| Total non-current liabilities | 1.10B-10.0% | 1.23B+1.2% | 1.21B+20.3% | 1.01B+47.9% | 681M+14.9% | |
| 9.49B-2.9% | 9.77B-3.8% | 10.2B+1.6% | 9.99B-5.2% | 10.5B+3.0% | ||
| Common stock | 64.3K+1.8% | 63.2K-5.6% | 66.9K-5.2% | 70.6K-8.3% | 77.0K+4.2% | |
| Additional paid-in capital | 9.26B-6.8% | 9.93B-9.1% | 10.9B-6.1% | 11.6B-6.4% | 12.4B+4.8% | |
| Retained earnings | 163M+169.1% | -236M+70.4% | -799M+51.7% | -1.65B-6.7% | -1.55B-9.6% | |
| Treasury stock | 121M-6.8% | 130M+6.6% | 122M+273.5% | 32.7M | — | |
| Accumulated other comprehensive income | 41.4M-50.4% | 83.5M+142.5% | 34.4M+157.5% | -59.8M+85.6% | -416M-47.8% | |
| Non-controlling interest | 12.6M-25.7% | 17.0M+19.3% | 14.3M-26.6% | 19.4M+51.5% | 12.8M+209.3% | |
| Total equity incl. non-controlling | 9.50B-2.9% | 9.79B-3.7% | 10.2B+1.6% | 10.0B-5.2% | 10.6B+3.1% | |
| Total liabilities & equity | 16.7B-8.6% | 18.2B+7.6% | 16.9B+6.9% | 15.9B+0.4% | 15.8B-1.2% | |
| Common shares outstanding | — | 3.35B-2.8% | 3.45B-2.5% | 3.54B | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| -52.3M-104.0% | 1.31B-18.6% | 1.61B+27.4% | 1.27B+127.1% | 557M-58.9% | ||
| Depreciation & amortization | 149M+6.1% | 141M-29.0% | 198M-11.3% | 223M+5.1% | 213M+24.9% | |
| Intangible amortization | 19.2M-48.5% | 37.3M-57.9% | 88.6M+2.0% | 86.8M+14.1% | 76.1M-15.4% | |
| Share-based compensation | 265M-30.0% | 379M-16.6% | 454M+26.1% | 360M+51.1% | 238M-26.9% | |
| Deferred income taxes | -35.2M-272.4% | 20.4M+144.0% | -46.4M-203.5% | 44.8M+270.1% | -26.4M+49.4% | |
| Change in receivables | — | — | — | -767M-86.9% | -410M-148.5% | |
| Change in inventory | 174M-4.0% | 181M+627.0% | 25.0M | — | — | |
| 820M+162.9% | -1.30B-131.9% | -562M+55.4% | -1.26B+67.4% | -3.86B-77.7% | ||
| Capital expenditure | 84.6M-41.3% | 144M+16.7% | 123M+4.8% | 118M-46.8% | 222M+72.5% | |
| Free cash flow | -137M-111.7% | 1.17B-21.5% | 1.49B+29.7% | 1.15B+242.0% | 336M-72.7% | |
| Acquisitions | 0.00+100.0% | -14.6M-1144.2% | 1.40M-99.7% | 468M+13712.4% | 3.39M+116.4% | |
| -1.36B-69.2% | -805M+21.0% | -1.02B-465.9% | -180M-8.2% | -167M-104.5% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 916M+29.2% | 709M-2.6% | 728M+271.1% | 196M | 0.00 | |
| Dividends paid | 401M+1.9% | 393M+95.3% | 201M | 0.00 | 0.00 | |
| Other financing activities | 348K | — | — | — | — | |
| FX effect on cash | — | — | — | — | -68.5M+78.3% | |
| Net change in cash | -606M+21.5% | -772M-2176.3% | 37.2M+122.0% | -169M+95.2% | -3.54B-238.6% | |
| Interest paid | 967K-44.2% | 1.73M-29.9% | 2.47M+22.0% | 2.02M+179.6% | 724K-97.4% | |
| Income taxes paid | 327M+6.0% | 308M-3.1% | 318M+48.0% | 215M-39.6% | 356M+18.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 54.7B-11.4% | 61.8B+7.7% | 57.4B+15.8% | 49.5B-30.6% | 71.4B-48.8% | |
| P/E | 131.3×+20.1% | 109.3× | — | — | — | |
| P/S | 4.2×-12.6% | 4.8×-25.2% | 6.4×+60.8% | 4.0×-30.6% | 5.7×-58.2% | |
| P/B | 5.8×-8.8% | 6.3×+10.1% | 5.7×+22.2% | 4.7×-30.6% | 6.8×-50.3% | |
| P/FCF | — | 52.9×+5.8% | 50.0×-66.2% | 147.6×-30.6% | 212.7×+87.3% | |
| Earnings yield | 0.76%-16.7% | 0.91% | — | — | — | |
| FCF yield | — | 1.9%-5.5% | 2.0%+195.4% | 0.68%+44.1% | 0.47%-46.6% | |
| Dividend yield | 0.73%+15.1% | 0.64%+76.8% | 0.36% | — | — | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: BEKE’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BEKE filings on SEC EDGAR → Not investment advice.