KE Holdings Inc. most recently reported annual revenue of $94.6B, net profit of $3.0B. Revenue grew at an average annual rate of 6.1% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
KE Holdings Inc.: Revenue rose from $25.5B in 2017 to $94.6B in 2025, a change of +270.8% over 8 years; net profit was positive in 4 of 9 reported years; operating margin moved from -3.0% to 3.0%, a shift of +6.0 percentage points; the most recent year shows net profit of $3.0B.
Income Statement — 9 Years (USD millions)
Metric
2017
2018
2019
2020
2021
2022
2023
2024
2025
Revenue
$25.5B
$28.6B
$46.0B
$70.5B
$80.8B
$60.7B
$77.8B
$93.5B
$94.6B
Operating Expenses
$26.3B
$29.9B
$47.8B
$67.6B
$80.3B
$60.7B
$72.1B
$88.8B
$91.8B
Operating Profit
$-764.0M
$-1.2B
$-1.8B
$2.8B
$452.0M
$-16.0M
$5.7B
$4.6B
$2.8B
Operating Margin
-3.0%
-4.3%
-3.9%
4.0%
0.6%
-0.0%
7.3%
5.0%
3.0%
Other Income
$626.0M
$719.0M
$510.0M
$1.5B
$689.0M
$309.0M
$2.2B
$2.2B
$1.8B
Interest
$44.0M
$44.0M
$207.0M
$0
$30.0M
$14.0M
$28.0M
$29.0M
$7.0M
Depreciation
$811.0M
$792.0M
$1.0B
$1.2B
$1.4B
$1.5B
$1.4B
$1.0B
$1.1B
Profit Before Tax
$-138.0M
$-499.0M
$-1.3B
$4.4B
$1.1B
$292.0M
$7.9B
$6.9B
$4.7B
Tax
$-288.6M
$14.3M
$-70.9M
$36.7M
$146.0M
$578.0M
$25.3M
$40.6M
$36.0M
Net Profit
$-574.0M
$-468.0M
$-2.2B
$2.8B
$-524.0M
$-1.4B
$5.9B
$4.1B
$3.0B
EPS
$-0.48
$-0.39
$-1.90
$0.96
$-0.45
$-1.17
$4.89
$3.45
$2.52
Dividend Payout
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Quarterly Results — Last 12 Quarters (USD millions)
8 duplicate period labels in the source data were collapsed.
Metric
Jun '23
Sep '23
Dec '23
Mar '24
Jun '24
Sep '24
Dec '24
Mar '25
Jun '25
Sep '25
Dec '25
Mar '26
Revenue
$19.5B
$17.8B
$20.2B
$16.4B
$23.4B
$22.6B
$31.1B
$23.3B
$26.0B
$23.1B
$22.2B
$18.9B
Operating Expenses
$18.4B
$16.9B
$20.4B
$16.4B
$21.4B
$21.9B
$29.3B
$22.7B
$24.6B
$22.4B
$21.7B
$17.6B
Operating Profit
$1.1B
$911.0M
$-173.0M
$12.0M
$2.0B
$727.0M
$1.9B
$591.0M
$1.4B
$692.0M
$457.0M
$1.3B
Operating Margin
5.5%
5.1%
-0.9%
0.1%
8.6%
3.2%
6.0%
2.5%
5.4%
3.0%
2.1%
6.7%
Interest
$0
$0
$28.0M
$0
$0
$0
$29.0M
$0
$0
$0
$0
$0
Profit Before Tax
$1.6B
$1.7B
$762.0M
$839.0M
$2.7B
$1.7B
$1.6B
$1.4B
$1.7B
$1.3B
$279.0M
$1.8B
Tax
$17.4M
$30.0M
$12.0M
$48.5M
$30.9M
$30.1M
$64.2M
$38.1M
$23.9M
$42.4M
$70.5M
$31.5M
Net Profit
$1.3B
$1.2B
$664.0M
$432.0M
$1.9B
$1.2B
$570.0M
$856.0M
$1.3B
$749.0M
$88.0M
$1.3B
EPS
$1.08
$0.96
$0.57
$0.36
$1.62
$0.98
$0.49
$0.73
$1.11
$0.66
$0.08
$1.11
Over the 9 years reported for KE Holdings Inc., borrowings increased from $5.7B in 2017 to $18.8B in 2025, cash stood at $7.8B in the latest year, shareholders' equity was $0, current assets covered current liabilities 1.61 times.
Balance Sheet — 9 Years (USD millions)
Metric
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total Assets
$31.6B
$38.9B
$67.3B
$104.3B
$100.3B
$109.3B
$120.3B
$133.1B
$116.7B
Current Assets
$24.1B
$27.4B
$51.9B
$87.5B
$69.9B
$70.4B
$69.8B
$76.6B
$68.1B
Cash
$5.2B
$9.1B
$24.3B
$41.0B
$20.4B
$19.4B
$19.6B
$11.4B
$7.8B
Inventory
$6.1B
$4.6B
$11.6B
$13.0B
$19.0M
$128.0M
$304.0M
$1.6B
$2.9B
Receivables
$2.7B
$3.4B
$8.1B
$13.2B
$9.3B
$4.2B
$3.3B
$10.5B
$6.8B
Fixed Assets
$6.0B
$6.1B
$6.7B
$8.3B
$9.2B
$13.3B
$19.5B
$25.8B
$20.8B
Capital Work in Progress
$0
$0
$0
$0
$0
$0
$0
$0
$0
Investments
$8.0B
$2.9B
$4.2B
$18.8B
$46.4B
$53.4B
$57.8B
$65.1B
$59.7B
Other Assets
$711.0M
$1.1B
$2.5B
$2.5B
$1.8B
$4.9B
$4.9B
$4.8B
$4.7B
Total Liabilities
$19.1B
$24.0B
$35.7B
$37.5B
$33.3B
$40.3B
$48.1B
$61.7B
$50.1B
Current Liabilities
$16.0B
$20.6B
$27.8B
$33.6B
$28.9B
$33.3B
$39.5B
$52.7B
$42.4B
Borrowings
$5.7B
$6.0B
$13.0B
$8.0B
$7.5B
$12.2B
$18.0B
$22.7B
$18.8B
Other Liabilities
$13.5B
$18.0B
$22.7B
$29.5B
$25.8B
$28.1B
$30.1B
$39.0B
$31.4B
Equity
$0
$0
$0
$0
$0
$0
$0
$0
$0
Reserves
$12.4B
$14.8B
$31.4B
$66.8B
$67.0B
$68.9B
$72.1B
$71.3B
$66.4B
For KE Holdings Inc., operating cash flow was positive in 7 of 9 reported years; free cash flow in the latest year was negative at $957.0M; free cash flow was positive in 6 of 9 years; financing activities used $7.6B in the latest year, which covers debt repayment, dividends and buybacks.
Cash Flow Statement — 9 Years (USD millions)
Metric
2017
2018
2019
2020
2021
2022
2023
2024
2025
Operating Cash Flow
$-6.5B
$3.2B
$113.0M
$9.4B
$3.6B
$8.5B
$11.2B
$9.4B
$-366.0M
Investing Cash Flow
$-3.4B
$2.1B
$-4.6B
$-15.9B
$-26.3B
$-9.3B
$-4.9B
$-10.4B
$5.1B
Financing Cash Flow
$8.7B
$-1.5B
$2.6B
$-207.0M
$76.0M
$-1.3B
$-5.2B
$-3.0B
$-7.6B
Net Cash Flow
$336.0M
$4.5B
$19.2B
$17.6B
$-22.8B
$-1.1B
$263.0M
$-5.6B
$-3.5B
Free Cash Flow
$-7.0B
$2.7B
$-590.0M
$8.5B
$2.2B
$7.7B
$10.3B
$8.4B
$-957.0M
Valuation & Return Ratios
Metric
Value
PEG Ratio
-1.79
EV / EBITDA
26.75
FCF Yield
0.82%
Quick Ratio
1.57
Interest Coverage
404.00
Return 1Y
-5.56%
Return 3Y
15.82%
Return 5Y
-16.82%
KE Holdings Inc. (BEKE) financials — frequently asked questions
What is KE Holdings Inc.'s annual revenue?
KE Holdings Inc. (BEKE) reported annual revenue of $94.6B in its most recent fiscal year.
What is KE Holdings Inc.'s net profit?
KE Holdings Inc. (BEKE) reported net profit of $3.0B in its most recent fiscal year.
What is BEKE EV/EBITDA?
KE Holdings Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 26.75.