$BEKE Income Statement | Understand Stock

$BEKE

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of comprehensive income

In millions of CNY; shares in millions, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Net revenues
Existing home transaction services
New home transaction services
Home renovation and furnishing
Home rental services
Emerging and other services
Total net revenues
Cost of revenues:
Commission-split (including costs generated from related parties of RMB869,298, RMB601,193 and RMB331,521, for 2023, 2024 and 2025, respectively)
Commission and compensation-internal
Cost of home renovation and furnishing (including costs generated from related parties of RMB176,824, RMB116,207 and RMB48,000, for 2023, 2024 and 2025, respectively)
Cost of home rental services (including costs generated from related parties of RMB9,042, RMB11,150 and RMB11,493, for 2023, 2024 and 2025, respectively)
Cost related to stores (including costs generated from related parties of RMB15,356, RMB7,594 and RMB5,410, for 2023, 2024 and 2025, respectively)
Others (including costs generated from related parties of RMB9,401, RMB13,496 and RMB6,697, for 2023, 2024 and 2025, respectively)
Total cost of revenues
Gross profit
Operating expenses:
Sales and marketing expenses (including expenses generated from related parties of RMB6,776, RMB21,001 and RMB9,113, for 2023, 2024 and 2025, respectively)
General and administrative expenses (including expenses generated from related parties of RMB15,732, RMB5,702 and RMB378, for 2023, 2024 and 2025, respectively)
Research and development expenses (including expenses generated from related parties of RMB92,080, RMB152,818 and RMB208,679, for 2023, 2024 and 2025, respectively)
Impairment of goodwill, intangible assets and other long-lived assets
Total operating expenses
Income from operations
Interest income, net (including income generated from related parties of RMB6,987, RMB7,010 and RMB11,895, for 2023, 2024 and 2025, respectively)
Share of results of equity investees
Impairment loss for equity investments accounted for using equity method
Impairment loss and provision related to equity investments accounted for using equity method
Fair value changes in investments, net
Impairment loss for equity investments accounted for using measurement alternative
Foreign currency exchange gain (loss)
Foreign currency exchange loss
Other income, net
Income before income tax expense
Income tax expense
Net income
Net loss (income) attributable to noncontrolling interests shareholders
Net income attributable to KE Holdings Inc.
Income allocation to participating preferred shares
Net income attributable to KE Holdings Inc.'s ordinary shareholders
Other comprehensive income (loss)
Currency translation adjustments
Unrealized gains on available-for-sale investments, net of reclassification
Total other comprehensive income (loss)
Total comprehensive income
Comprehensive loss (income) attributable to noncontrolling interests shareholders
Comprehensive income attributable to KE Holdings Inc.
Comprehensive income attributable to KE Holdings Inc.'s ordinary shareholders
Weighted average number of ordinary shares used in computing net income per share, basic and diluted
- Basic (in shares)
- Diluted (in shares)
Net income per share attributable to ordinary shareholders
- Basic (per share)
- Diluted (per share)
Share-based compensation expenses included in:
Cost of revenues
Sales and marketing expenses
General and administrative expenses
Research and development expenses
Total share-based compensation expenses included in:

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