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BEKE on NYSE

KE Holdings Inc.

KE Holdings Inc. is a real estate agents and managers company in the Cayman Islands.1 Its shares trade on NYSE under the symbol BEKE.1

$17.36 down 0.70 (3.88%)Price as of Oct 21, 2026 at 18:59 UTC

Last updated Oct 21, 2026.

Overview

$13.5BRevenue, fiscal 20253
$428.1MNet income, fiscal 20253

Compare with Jones Lang LaSalle, Compass RE or eXp World Holdings, or pick any stock.

  • TickerBEKE on NYSE1
  • IndustryReal Estate Agents & Managers (For Others)1
  • HeadquartersE91
  • Incorporated inCayman Islands4
  • Business addressOriental Electronic Technology Building, No. 2 Chuangye Road, Haidian District, Beijing, 1000864
  • Filer categoryLarge accelerated filer4

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We commenced operations in 2001 through Beijing Lianjia, which was founded in September 2001 by Mr. ZUO Hui, our founder and permanent chairman emeritus. Beijing Lianjia and its subsidiaries developed various businesses over time and expanded nationwide in China. From November 2016 to January 2017, we restructured Yiju Taihe, which was originally a subsidiary of Beijing Lianjia and operated the financial service business, to mirror the holding structure substantially identical to that of Beijing Lianjia. In November 2017, we incorporated Tianjin Xiaowu to conduct operations related to value-added telecommunication services.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

21.4%Gross margin3
2.2%Operating margin3
3.2%Net margin3
5.6%Revenue growth, 20253
4.5%Return on equity3
0.02×Debt to equity3

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue79¢$10.6B
  • Research and development3¢$369.0M
  • Other costs14¢$1.8B
  • Interest0¢$6.8M
  • Income tax2¢$241.1M
  • Profit3¢$428.1M

Out of $13.5B in revenue.3

Financial statements

Revenue6789103$13.5B in 2025+25% since 2020
0$5.0B$10.0B$15.0B2020: $10.8B$10.8B20202021: $12.7B$12.7B2021+17%2022: $8.8B$8.8B2022−31%2023: $11.0B$11.0B2023+25%2024: $12.8B$12.8B2024+17%2025: $13.5B$13.5B2025+6%
Gross profit6789103$2.9B in 2025+12% since 2020
0$1.0B$2.0B$3.0B$4.0B2020: $2.6B$2.6B20202021: $2.5B$2.5B2021−4%2022: $2.0B$2.0B2022−20%2023: $3.1B$3.1B2023+53%2024: $3.1B$3.1B2024+3%2025: $2.9B$2.9B2025−8%
Operating income6789103$301.8M in 2025−31% since 2020
-$250.0M0$250.0M$500.0M$750.0M2020: $435.5M$435.5M20202021: -$212.6M-$212.6M20212022: -$120.8M-$120.8M2022−43%2023: $675.7M$675.7M20232024: $515.8M$515.8M2024−24%2025: $301.8M$301.8M2025−41%
Net income6789103$428.1M in 2025+1% since 2020
-$500.0M0$500.0M$1.0B2020: $425.7M$425.7M20202021: -$82.2M-$82.2M20212022: -$201.0M-$201.0M2022+144%2023: $828.6M$828.6M20232024: $556.9M$556.9M2024−33%2025: $428.1M$428.1M2025−23%
Fiscal year20182019202020212022202320242025
Revenue$10.8B6$12.7B7$8.8B8$11.0B9$12.8B10$13.5B3
Cost of revenue$8.2B6$10.2B7$6.8B8$7.9B9$9.7B10$10.6B3
Gross profit$2.6B6$2.5B7$2.0B8$3.1B9$3.1B10$2.9B3
Research and development$379.8M6$501.2M7$369.1M8$272.8M9$312.8M10$369.0M3
Operating expenses$2.7B7$2.1B8$2.4B9$2.6B10$2.6B3
Operating income$435.5M6-$212.6M7-$120.8M8$675.7M9$515.8M10$301.8M3
Interest43.5M CNY6181.1M CNY7188.4M CNY86.1M CNY914.1M CNY1017.2M CNY312.7M CNY36.8M CNY3
Income before tax$179.0M7$42.4M8$1.1B9$941.2M10$668.8M3
Income tax$246.6M6$261.4M7$245.0M8$280.9M9$382.5M10$241.1M3
Net income$425.7M6-$82.2M7-$201.0M8$828.6M9$556.9M10$428.1M3
Earnings per share$0.056-$0.027-$0.068$0.249$0.1610$0.133
Earnings per share (diluted)$0.056-$0.027-$0.068$0.239$0.1610$0.123
Shares (weighted, basic)3.5B shares93.6B shares103.5B shares33.4B shares33.3B shares3
Shares (weighted, diluted)3.5B shares93.6B shares103.6B shares33.5B shares33.5B shares3

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Corporate structure

KE Holdings Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of KE Holdings Inc.

  • KE Holdings Inc. E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What KE Holdings Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation5.8B CNY3 Dec 31, 20255.9B CNY3 Dec 31, 2024−2.8%
Accumulated depreciation3.7B CNY3 Dec 31, 20253.5B CNY3 Dec 31, 2024+4.6%
Property and equipment, net$296.0M3 Dec 31, 2025$328.8M10 Dec 31, 2024−10.0%
Operating-lease assets (leased space)$2.7B3 Dec 31, 2025$3.2B10 Dec 31, 2024−14.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.1B3 Dec 31, 2025$1.6B3 Dec 31, 2024−32.1%
Marketable securities, current$5.7B3 Dec 31, 2025$5.7B10 Dec 31, 20240%
Marketable securities, non-current4.9B CNY3 Dec 31, 20245.3B CNY10 Dec 31, 2023−6.2%
Stakes in other companies (equity method)1.8B CNY3 Dec 31, 2025361.0M CNY3 Dec 31, 2024+387.2%
Long-term investments$2.9B3 Dec 31, 2025$3.3B10 Dec 31, 2024−11.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$666.4M3 Dec 31, 2025$654.5M10 Dec 31, 2024+1.8%
Intangible assets, net (excluding goodwill)$103.3M3 Dec 31, 2025$117.5M10 Dec 31, 2024−12.0%
Accumulated amortization741.3M CNY3 Dec 31, 2025603.1M CNY3 Dec 31, 2024+22.9%
Finite-lived intangibles, net722.7M CNY3 Dec 31, 2025857.6M CNY10 Dec 31, 2024−15.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$408.1M3 Dec 31, 2025

Leadership

Who has led KE Holdings Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Yongdong Peng2026–now
Board members and other officers (6)

Timeline

  1. Mar 17, 2026New chief executive Yongdong Peng becomes CEO11

Calendar

Coming up

  1. Nov 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.10 a share, on Nov 10, 2025.16

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

421 filings to the SEC since October 2021: 5 annual reports, 22 insider forms, 15 large holders, 379 other. The latest 20:

  1. Oct 13, 20266-K EDGAR
  2. Oct 8, 20266-K EDGAR
  3. Oct 5, 20266-K EDGAR
  4. Oct 2, 20266-K EDGAR
  5. Sep 29, 20264 EDGAR
  6. Sep 29, 2026SCHEDULE 13D/A EDGAR
  7. Sep 28, 20266-K EDGAR
  8. Sep 25, 2026144 EDGAR
  9. Sep 23, 20264 EDGAR
  10. Sep 21, 2026144 EDGAR
  11. Sep 21, 20266-K EDGAR
  12. Sep 14, 20266-K EDGAR
  13. Sep 8, 20266-K EDGAR
  14. Sep 8, 20266-K EDGAR
  15. Sep 4, 20264 EDGAR
  16. Sep 4, 20264 EDGAR
  17. Sep 3, 20266-K EDGAR
  18. Aug 31, 20266-K EDGAR
  19. Aug 24, 20266-K EDGAR
  20. Aug 18, 20264 EDGAR

The 421 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 0 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 25, 2026Peng YongdongChief Executive OfficerSale16,033,983$5.27$84.5MForm 4
Sep 21, 2026Shan YigangExecutive DirectorSale3,326,670$5.44$18.1MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How KE Holdings Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARKE Holdings Inc.1
  • CIK0001809587
  • Filer statusLarge accelerated filer not an emerging growth company; not a shell company5
  • Incorporated inCayman Islands5
  • Fiscal year endsDecember 311
  • Industry code (SIC)6531 Real Estate Agents & Managers (For Others)1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business addressOriental Electronic Technology Building, No. 2 Chuangye Road, Haidian District, Beijing, 100086, China1
  • Phone8610581046891
  • Shares outstanding3,373,256,629 Common Stock shares; 3,233,808,859 Common Class A shares; 139,447,770 Common Class B shares as of Dec 31, 20255
  • AuditorPricewaterhouseCoopers Zhong Tian LLP, Beijing PCAOB ID 1424; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceApr 24, 20201
  • Filings476 in all: 6-K (342), 144 (24), CORRESP (21), UPLOAD (17), 4 (14), 3 (8), SC 13D/A (7), 20-F (6)1
    All 24 form types

    SCHEDULE 13D/A (5), SC 13D (4), DRSLTR (3), F-1/A (3), SC 13G (3), SC 13G/A (3), 424B4 (2), DRS (2), DRS/A (2), EFFECT (2), F-1 (2), S-8 (2), 424B3 (1), 8-A12B (1), CERT (1), F-3ASR (1)

  • Latest filingsAnnual report (20-F) Apr 24, 2026

Securities registered for trading

ClassSymbolExchange
Class A ordinary shares, par value US$0.00002 per shareBEKENew York Stock Exchange

From the cover page of the 20-F filed Apr 24, 2026 (Section 12(b) of the Exchange Act).5

Sources

The numbers on this page point here. Each one links to the record it came from.

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