Monitor upcoming quarterly reports for signs of stabilization in GTV and profitability, as declining revenues and net income could pressure the stock despite ongoing buybacks.
Price Chart
Executive Summary
KE Holdings Inc. (BEKE) filed its 2025 Annual Report via Form 20-F, reporting a decline in net income to $428 million (RMB2.99 billion) from $588 million in 2023, driven by a decrease in GTV to $455.2 billion. The company continues its share buyback program, repurchasing $3.999 million worth of shares in April 2026. Despite declining profitability, the company maintains a strong cash position and continues to expand its home renovation and rental services.
Key Facts
- Net income declined to $428 million (RMB2.99 billion) in 2025 from $588 million in 2023
- GTV decreased to $455.2 billion (RMB3,183.3 billion) in 2025
- Company repurchased $3.999 million worth of shares in April 2026
- Share-based compensation expenses decreased to $272 million (RMB1.905 billion) in 2025
Financial Impact
Net income decreased by $160 million year-over-year
Risk Factors
- Continued decline in GTV and net income
- Potential regulatory challenges in China's real estate sector
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 12 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 20-F Filing (Primary) | 0001104659-26-048109 |
| Document: beke-20251231xex8d1.htm | 0001104659-26-048109 |
| Document: beke-20251231xex12d1.htm | 0001104659-26-048109 |
| Document: beke-20251231xex12d2.htm | 0001104659-26-048109 |
| Document: beke-20251231xex15d2.htm | 0001104659-26-048109 |
| Document: beke-20251231xex15d1.htm | 0001104659-26-048109 |
| Document: beke-20251231xex13d1.htm | 0001104659-26-048109 |
| Document: beke-20251231xex13d2.htm | 0001104659-26-048109 |
| Document: beke-20251231xex15d3.htm | 0001104659-26-048109 |
| Document: 0001104659-26-048109-index-headers.html | 0001104659-26-048109 |
| Document: 0001104659-26-048109-index.html | 0001104659-26-048109 |
| Document: 0001104659-26-048109.txt | 0001104659-26-048109 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 6-K | $16.70 $16.57 | ▼ −0.78% | ▼ −0.88% | $16.43 (−1.62%) |
Sep 8, 2026 24d ago | 6-K | $16.87 $15.97 | ▼ −5.33% | ▼ −4.68% | $16.43 (−2.61%) |
Sep 3, 2026 29d ago | 6-K | $17.91 $16.93 | ▼ −5.47% | ▼ −4.32% | $16.43 (−8.26%) |
Aug 31, 2026 4w ago | 6-K | $17.19 $17.27 | ▲ +0.47% | ▲ +0.61% | $16.43 (−4.42%) |
Aug 21, 2026 6w ago | Press Release | $17.75 $18.32 | ▲ +3.21% | ▲ +2.74% | $16.43 (−7.44%) |
Aug 17, 2026 6w ago | 6-K | $16.87 $18.01 | ▲ +6.76% | ▲ +6.96% | $16.43 (−2.61%) |
Aug 11, 2026 7w ago | Press Release | $16.96 $16.87 | ▼ −0.53% | ▼ −0.13% | $16.43 (−3.12%) |
Aug 10, 2026 7w ago | 6-K | $17.65 $16.85 | ▼ −4.53% | ▼ −4.49% | $16.43 (−6.91%) |
Aug 3, 2026 8w ago | 6-K | $17.29 $17.65 | ▲ +2.08% | ▲ +0.05% | $16.43 (−4.97%) |
Jul 27, 2026 9w ago | 6-K | $16.39 $16.95 | ▲ +3.42% | ▲ +2.34% | $16.43 (+0.24%) |
US Market Status
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