What changed in KE Holdings Inc.'s latest annual report
In the year ended 31 Dec 2025, KE Holdings Inc.'s revenue rose 5.6% to USD 13.52bn, from USD 12.80bn; net income fell 23.1% to USD 428.13m, from USD 556.89m; cash and cash equivalents fell 32.1% to USD 1.11bn, from USD 1.64bn.
Year ended 31 Dec 2025. Source: 20-F filed 24 Apr 2026, read it on SEC EDGAR.
USD 12.80bn to USD 13.52bn
The figures, year on year
| Item | Year before | Latest year | Change |
|---|---|---|---|
| Revenue | 12.80bn | 13.52bn | Up 5.6% |
| Net income | 556.89m | 428.13m | Down 23.1% |
| Total assets | 18.24bn | 16.68bn | Down 8.5% |
| Total liabilities | 8.45bn | 7.17bn | Down 15.2% |
| Long-term debt | CNY 0 | CNY 182.92m | Not comparable |
| Cash and cash equivalents | 1.64bn | 1.11bn | Down 32.1% |
| Shareholders' equity | 9.77bn | 9.50bn | Down 2.8% |
Questions people ask
Did KE Holdings Inc.'s revenue grow last year?
Revenue grew 5.6%, from USD 12.80bn to USD 13.52bn in the year ended 31 Dec 2025.
Is KE Holdings Inc. profitable?
Yes. Net income was USD 428.13m in the year ended 31 Dec 2025. The year before: USD 556.89m.
How much cash and debt does KE Holdings Inc. have?
At its latest year end (31 Dec 2025), KE Holdings Inc. reported cash and cash equivalents of USD 1.11bn and long-term debt of CNY 182.92m.
Where do these numbers come from?
From KE Holdings Inc.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.
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