BEKE · XBRL financial data

KE Holdings financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (BEKE's year ends in late December)

In millions of CNY	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	70,481	80,752	60,669	77,777	93,457	94,580
Cost of revenue	53,621	64,933	46,888	56,059	70,513	74,368
Gross profit	16,860	15,819	13,781	21,718	22,944	20,212
Research and development	2,478	3,194	2,546	1,937	2,283	2,581
General and administrative	7,589	8,924	7,347	8,237	8,961	8,075
Total operating expenses	14,018	17,174	14,614	16,921	19,179	18,101
Operating income (loss)	2,842	(1,355)	(833)	4,797	3,765	2,111
Interest income	—	426	767	1,413	253	—
Interest expense	188	6	14	17	13	7
Other income (expense)	1,056	1,702	1,569	1,869	1,566	1,446
Income tax expense (benefit)	1,609	1,665	1,690	1,994	2,792	1,686
Net income (loss)	2,778	(524)	(1,386)	5,883	4,065	2,994
Earnings per share, basic CNY per share	0.32	(0.15)	(0.39)	1.67	1.19	0.90
Earnings per share, diluted CNY per share	0.32	(0.15)	(0.39)	1.63	1.15	0.86
Weighted average shares, basic millions of shares	2,226	3,549	3,569	3,521	3,410	3,326
Weighted average shares, diluted millions of shares	2,267	3,549	3,569	3,612	3,537	3,472

Fiscal years (BEKE's year ends in late December)

In millions of CNY	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	40,970	20,446	19,413	19,635	11,443	7,773
Short-term investments	15,688	29,403	35,486	34,258	41,318	39,580
Marketable securities	—	0	1,381	0	551	5,370
Marketable securities, non-current	0	7,814	5,126	5,262	4,936	—
Accounts receivable	13,184	9,325	4,075	3,018	5,297	3,091
Inventory	—	19	128	304	1,610	2,854
Prepaid and other current assets	4,677	3,130	4,058	4,667	6,253	3,726
Total current assets	87,539	69,926	70,425	69,754	76,603	68,120
Property and equipment, net	1,472	1,972	2,037	1,965	2,400	2,070
Right-of-use asset	6,821	7,244	11,284	17,618	23,367	19,144
Goodwill	2,467	1,806	4,934	4,857	4,777	4,660
Total assets	104,296	100,319	109,347	120,332	133,149	116,668
Accounts payable	6,595	6,009	5,843	6,329	9,493	6,052
Total current liabilities	33,633	28,936	33,341	39,524	52,744	42,407
Lease liability, non-current	3,834	4,303	6,600	8,327	8,637	6,970
Total liabilities	37,503	33,263	40,293	48,131	61,701	50,138
Retained earnings (accumulated deficit)	(9,228)	(9,843)	(11,406)	(5,673)	(1,724)	1,142
Total stockholders' equity	66,765	66,974	68,920	72,100	71,324	66,441
Total liabilities and equity	104,296	100,319	109,347	120,332	133,149	116,668

Fiscal years (BEKE's year ends in late December)

In millions of CNY	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	2,778	(524)	(1,386)	5,883	4,065	2,994
Stock-based compensation	2,253	1,538	2,425	3,216	2,726	1,905
Net cash from operating activities	9,362	3,595	8,461	11,158	9,447	(376)
Net cash from investing activities	(14,978)	(24,884)	(8,472)	(3,977)	(9,378)	5,894
Proceeds from issuing common stock	15,284	—	—	—	—	—
Share repurchases	—	—	1,320	5,151	5,101	6,581
Dividends paid	—	—	—	1,426	2,831	2,881
Net cash from financing activities	25,406	(1,074)	(1,155)	(6,962)	(5,795)	(9,793)
Net change in cash	17,607	(22,805)	(1,138)	263	(5,556)	(4,358)

SIC 6531 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6531 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.
A cell reading “year only” links to a 10-K that gives only the full year: without all three earlier quarters there is no fourth quarter to work out, and the year total is never shown as a quarter.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
KE Holdings	7,773	year only	year only	not reported	—	Q4 FY25 20-FDec 31, 2025
AGNT	111	1,450	39*	167.1M	—	Q2 FY26 10-QJun 30, 2026
Compass	694	4,306	191*	757.5M	—	Q2 FY26 10-QJun 30, 2026
Douglas Elliman	105	283	12*	90.9M	—	Q2 FY26 10-QJun 30, 2026
Fathom Holdings	4.5	115	(4.5)*	34.2M	1.0 quarters	Q2 FY26 10-QJun 30, 2026
Galaxy Enterprises	0	not reported	(0)*	4.2M	0.7 quarters	Q3 FY26 10-QApr 30, 2026
Anywhere Real Estate	139	1,626	118*	112.1M	—	Q3 FY25 10-QSep 30, 2025
Jones Lang Lasalle	514	7,281	610*	45.7M	—	Q3 FY26 10-QSep 30, 2026
Linkhome Holdings	5.1	5.4	1.6*	16.5M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.