KE Holdings Inc. (BEKE) — Financial statements
Income statement, balance sheet, and cash flow for KE Holdings Inc. — annual and quarterly history with growth and margin analysis.
| Metric (CNY Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 92,003↓1.6% | 93,457↑20.2% | 77,777↑28.2% | 60,669↓24.9% | 80,752 | |
| Cost of Revenue | 72,342↑2.6% | 70,513↑25.8% | 56,059↑19.6% | 46,888↓27.8% | 64,933 | |
| Gross Profit | 19,661↓14.3% | 22,944↑5.6% | 21,718↑57.6% | 13,781↓12.9% | 15,819 | |
| Operating Expenses | ||||||
| R&D Expenses | 2,510↑9.9% | 2,283↑17.9% | 1,937↓23.9% | 2,546↓20.3% | 3,194 | |
| General & Administrative Expenses | 0.00↓100.0% | 8,961↑8.8% | 8,237↑12.1% | 7,347↓17.7% | 8,924 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 7,783↑17.0% | 6,654↑45.5% | 4,573↑6.1% | 4,309 | |
| SG&A Expenses | 14,985↓10.5% | 16,744↑12.4% | 14,891↑24.9% | 11,920↓9.9% | 13,234 | |
| Other Expenses | 0.00↓100.0% | 152↑62.3% | 93↓36.9% | 148↓80.2% | 747 | |
| Operating Expenses | 17,495↓8.8% | 19,179↑13.3% | 16,921↑15.8% | 14,614↓14.9% | 17,174 | |
| Total Costs & Expenses | 89,837↑0.2% | 89,693↑22.9% | 72,980↑18.9% | 61,354↓25.3% | 82,107 | |
| Operating Results | ||||||
| Operating Income | 2,167↓42.5% | 3,765↓21.5% | 4,797↑675.9% | -833↑38.5% | -1,355 | |
| Depreciation & Amortization | 1,043↑3.0% | 1,012↓27.8% | 1,402↓6.7% | 1,503↑9.6% | 1,371 | |
| EBITDA | 3,210↓34.9% | 4,929↓47.0% | 9,305↑1037.7% | 818↑7.2% | 763 | |
| EBIT | 2,167↓44.7% | 3,917↓50.4% | 7,903↑1254.0% | -685↓12.6% | -608 | |
| Interest & Other Income | ||||||
| Net Interest Income | 786↓37.7% | 1,260↓0.3% | 1,263↑67.3% | 755↑99.1% | 379 | |
| Interest Income | 786↓39.0% | 1,289↓0.2% | 1,291↑67.9% | 769↑99.6% | 385 | |
| Interest Expense | 0.00↓100.0% | 29↑1.4% | 28↑94.3% | 14↑22.2% | 12 | |
| Non-Operating Income | 0.00↑100.0% | -152↑95.1% | -3,106↓1997.8% | -148↑80.2% | -747 | |
| Other Income / Expenses | 2,383↓23.2% | 3,105↑0.6% | 3,087↑174.3% | 1,125↓54.9% | 2,496 | |
| Income Before Tax | 4,550↓33.8% | 6,870↓12.9% | 7,884↑2597.3% | 292↓74.4% | 1,141 | |
| Income Tax Expense | 1,640↓41.3% | 2,792↑40.0% | 1,994↑18.0% | 1,690↑1.4% | 1,665 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 2,910↓28.7% | 4,078↓30.8% | 5,890↑521.5% | -1,397↓166.3% | -525 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 2,912↓28.4% | 4,065↓30.9% | 5,883↑524.5% | -1,386↓164.1% | -525 | |
| Bottom-Line Net Income | 2,912↓28.4% | 4,065↓30.9% | 5,883↑524.5% | -1,386↓164.5% | -524 | |
| EPS (Basic) | 2.67↓25.2% | 3.57↓28.7% | 5.01↑528.2% | -1.17↓160.0% | -0.45 | |
| EPS (Diluted) | 2.52↓27.0% | 3.45↓29.4% | 4.89↑517.9% | -1.17↓160.0% | -0.45 | |
| Weighted Average Shares | 1,109↓2.5% | 1,137↓5.5% | 1,203↑1.1% | 1,190↑0.6% | 1,183 | |
| Weighted Average Diluted Shares | 1,157↓1.8% | 1,179↓2.1% | 1,204↑1.2% | 1,190↑0.6% | 1,183 | |
* All figures in Millions of CNY, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.