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v3.26.1

CONSOLIDATED BALANCE SHEETS (Parenthetical) ¥ in Thousands, $ in Thousands | Dec. 31, 2025 CNY (¥) shares | Dec. 31, 2024 CNY (¥) shares
--- | --- | ---
Current assets: |  |  |  |
Allowance for credit losses of financing receivables | ¥ 174,478 |  | ¥ 147,330 |
Allowance for credit losses of accounts receivable and contract assets | 1,612,202 |  | 1,636,163 |
Current liabilities |  |  |  |
Accounts payable | 6,052,129 |  | 9,492,629 |
Amounts due to related parties | 348,467 |  | 391,446 |
Loan payable to related parties | 497,939 |  |  |
Employee compensation and welfare payable | 6,504,197 |  | 8,414,472 |
Customer deposits payable | 4,157,248 |  | 6,078,623 |
Income taxes payable | 702,607 |  | 1,028,735 |
Short-term borrowings | 207,717 |  | 288,280 |
Lease liabilities current portion | 10,658,576 |  | 13,729,701 |
Contract liabilities and deferred revenue | 5,690,293 |  | 6,051,867 |
Accrued expenses and other current liabilities | 7,588,077 |  | 7,268,505 |
Non-current liabilities |  |  |  |
Deferred tax liabilities | 317,209 |  | 317,697 |
Lease liabilities non-current portion | 6,969,571 |  | 8,636,770 |
Long-term borrowings | 182,917 |  |  |
Long-term loan payable | 259,249 |  |  |
Other non-current liabilities | ¥ 2,148 |  | ¥ 2,563 |
KE Holdings Inc. shareholders' equity: |  |  |  |
Ordinary shares, shares authorized | shares | 25,000,000,000 |  | 25,000,000,000 |
Class A ordinary shares |  |  |  |
KE Holdings Inc. shareholders' equity: |  |  |  |
Ordinary shares, shares authorized | shares | 24,114,698,720 |  | 24,114,698,720 |
Ordinary shares, shares issued | shares | 3,366,778,024 | [1] | 3,479,616,986 | [1]
Ordinary shares, shares outstanding | shares | 3,233,808,859 | [1] | 3,337,567,403 | [1]
Class B ordinary shares |  |  |  |
KE Holdings Inc. shareholders' equity: |  |  |  |
Ordinary shares, shares authorized | shares | 885,301,280 |  | 885,301,280 |
Ordinary shares, shares issued | shares | 139,447,770 |  | 145,413,446 |
Ordinary shares, shares outstanding | shares | 139,447,770 |  | 145,413,446 |
VIE |  |  |  |
Current liabilities |  |  |  |
Accounts payable | ¥ 57,987 |  | ¥ 66,266 |
Employee compensation and welfare payable | 411,090 |  | 374,213 |
Customer deposits payable | 3,369,240 |  | 4,141,792 |
Income taxes payable | 34,984 |  | 35,277 |
Short-term borrowings | 0 |  | 0 |
Lease liabilities current portion | 198 |  | 369 |
Contract liabilities and deferred revenue | 2,990 |  | 2,785 |
Accrued expenses and other current liabilities | 109,199 |  | 210,085 |
Non-current liabilities |  |  |  |
Deferred tax liabilities | 1,679 |  | 2,374 |
Lease liabilities non-current portion | 146 |  | 452 |
Other non-current liabilities | 0 |  | 0 |
VIE | Non-related Party |  |  |  |
Non-current liabilities |  |  |  |
Long-term borrowings | 0 |  | 0 |
VIE | Related Party |  |  |  |
Current liabilities |  |  |  |
Amounts due to related parties | 463 |  | 322 |
Loan payable to related parties | 0 |  | 0 |
Non-current liabilities |  |  |  |
Long-term loan payable | ¥ 0 |  | ¥ 0 |
[1] | Excluding the Class A ordinary shares registered in the name of the depositary bank for future issuance of ADSs upon the exercise or vesting of awards granted under our share incentive plans and the Class A ordinary shares repurchased but not cancelled in the form of ADSs.

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