BEKENYSEReal Estate Agents & Managers (For Others)Fiscal year ends December 31

KE Holdings Inc.

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 24, 2026

$17.91−0.16 (-0.89%)

Close on Oct 19, 2026

KE Holdings Inc. cash flow statement

AnnualQuarterlyTTM

CNY USD

Millions of CNY, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31
Stock-Based Compensation	1,905	2,726	3,216	2,425	1,538	2,253	2,956	382
Deferred Income Taxes	-253	147	-329	302	-170	-359	-439	-515
Change in Accounts Receivable	–	–	–	5,161	2,646	-5,835	-5,041	-769
Change in Inventory	-1,251	-1,306	-177	–	–	–	–	–
Change in Accounts Payable	-3,344	2,457	483	-866	-567	2,303	2,720	1,098
Change in Unearned Revenue	-362	1,387	1,405	921	368	141	290	59
Operating Cash Flow	-376	9,447	11,414	8,519	3,595	9,362	113	3,217
Capital Expenditures	-608	-1,037	-874	-793	-1,430	-887	-703	-543
Acquisitions	–	105	-9.89	-3,148	-22	-11	-773	-359
Purchase of Investments	-441	–	-54,569	-72,483	-75,453	-54,958	-14,187	-41,074
Sale & Maturity of Investments	–	–	9,257	19,367	2,039	0.79	0.80	–
Investing Cash Flow	5,894	-9,378	-3,977	-8,472	-24,884	-14,978	-3,874	2,609
Dividends Paid	-2,881	-2,831	-1,426	–	–	–	–	–
Share Repurchases	-6,581	-5,101	-5,151	-1,320	–	–	-207	–
Stock Issued	–	–	–	–	–	15,284	–	–
Other Financing Activities	2.50	–	–	–	–	–	–	–
Financing Cash Flow	-9,793	-5,795	-7,218	-1,213	-1,074	25,406	23,026	-1,282
Foreign Exchange Rate Adjustments	-83	169	45	29	-442	-2,184	-95	0.42
Net Change in Cash	-4,358	-5,556	263	-1,138	-22,805	17,607	19,170	4,544
Free Cash Flow	-984	8,410	10,540	7,726	2,165	8,475	-590	2,674
Income Taxes Paid	2,347	2,217	2,251	1,447	2,296	2,076	661	667
Interest Paid	6.95	12	17	14	4.67	195	237	128

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 21.4%
Operating margin: 2.2%
Net margin: 3.2%
Return on equity, FY2025: 4.3%

Financial strength

Current ratio: 1.61
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 18.3%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.