KE Holdings Inc.BEKEEarnings & Financial Report
KE Holdings Inc., operating under the well-known Beike brand, is a leading integrated online and offline residential service platform based in China. It offers a full range of services including second-hand property brokerage, new housing sales agency, home rental, renovation, and related financial consultation to meet diverse housing-related demands of consumers across multiple scenarios.
Revenue
$2.7B
Gross Profit
$736.9M
Operating Profit
$149.1M
Net Profit
$179.2M
Gross Margin
27.4%
Operating Margin
5.5%
Net Margin
6.7%
YoY Growth
N/A
Financial Flow
KE Holdings Inc. Q2 2023 Financial Summary
KE Holdings Inc. reported revenue of $2.7B for Q2 2023, with a net profit of $179.2M (6.7% margin). Cost of goods sold was $2.0B, operating expenses totaled $587.8M.
Key Financial Metrics
| Total Revenue | $2.7B |
|---|---|
| Net Profit | $179.2M |
| Gross Margin | 27.4% |
| Operating Margin | 5.5% |
| Report Period | Q2 2023 |
Revenue Breakdown
KE Holdings Inc. Q2 2023 revenue of $2.7B breaks down across 4 segments, led by New home transaction services at $1.2B (44.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| New home transaction services | $1.2B | 44.6% |
| Existing home transaction services | $884.8M | 32.9% |
| Home renovation and furnishing | $362.0M | 13.5% |
| Emerging and other services | $241.0M | 9.0% |
KE Holdings Inc. Revenue by Segment — Quarterly Trend
KE Holdings Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as New home transaction services and Existing home transaction services) has evolved quarter over quarter.
| Segment | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 |
|---|---|---|---|---|
| New home transaction services | $932.6M | $1.2B | $1.1B | $1.1B |
| Existing home transaction services | $841.5M | $938.0M | $946.8M | $885.9M |
| Home renovation and furnishing | $604.0M | $637.3M | $405.9M | $600.4M |
| Emerging and other services | $55.6M | $60.3M | $48.2M | $69.4M |
KE Holdings Inc. Quarterly Revenue & Net Profit History
KE Holdings Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 2025 | $3.2B | — | $104.9M | 3.2% |
| Q2 2025 | $3.6B | — | $182.4M | 5.0% |
| Q1 2025 | $3.2B | — | $117.9M | 3.7% |
| Q3 2024 | $3.2B | — | $166.5M | 5.2% |
| Q2 2024 | $3.2B | — | $261.5M | 8.1% |
| Q1 2024 | $2.3B | — | $59.8M | 2.6% |
| Q3 2023 | $2.4B | — | $160.4M | 6.6% |
| Q2 2023 | $2.7B | — | $179.2M | 6.7% |
Income Statement
| Q2 2023 | Q3 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.69B | $2.44B | $2.27B | $3.22B | $3.22B | $3.21B | $3.63B | $3.24B |
| YoY Growth | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Balance Sheet
| Q2 2023 | Q3 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $16.19B | $16.23B | $16.48B | $16.86B | $17.50B | $18.00B | $17.27B | $16.76B |
| Liabilities | $6.15B | $6.36B | $6.91B | $7.13B | $7.40B | $8.50B | $7.66B | $7.21B |
| Equity | $10.04B | $9.86B | $9.57B | $9.73B | $10.10B | $9.50B | $9.61B | N/A |
Cash Flow
| Q3 2023 | Q3 2024 | Q1 2025 | |
|---|---|---|---|
| Operating CF | $268.2M | $64.0M | $-546.4M |