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STATUTORY RESERVES AND RESTRICTED NET ASSETS (Tables) - Parent | 12 Months Ended
--- | ---
Dec. 31, 2025
Schedule of Condensed balance sheets of the parent company | Condensed balance sheets of the parent company
​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ | 2024 | ​ | 2025
​ | ​ ​ ​ | RMB | ​ ​ ​ | RMB
​ | ​ | (in thousands, except for
​ | ​ | share and per share data)
ASSETS | ​ | ​ | ​ | ​
Current assets: |  | ​ |  | ​
Cash and cash equivalents |  | 40,415 | ​ | 646,909
Short-term investments | ​ | 1,946,964 | ​ | 2,771,550
Amounts due from subsidiaries and VIEs | ​ | 1,476,789 | ​ | 1,434,821
Prepayments, receivables and other assets |  | 7,641 | ​ | 3,495
Non‑current assets: |  | ​ | ​ | ​
Investment in subsidiaries |  | 66,782,487 | ​ | 61,861,571
Net assets of the VIEs |  | 2,744,068 | ​ | 2,931,280
Long-term investments, net | ​ | 362,992 | ​ | —
TOTAL ASSETS |  | 73,361,356 | ​ | 69,649,626
​ | ​ | ​ | ​ | ​
LIABILITIES |  | ​ |  | ​
Current liabilities |  | ​ |  | ​
Accrued expenses and other current liabilities |  | 168,079 | ​ | 45,209
Amounts due to subsidiaries and VIEs | ​ | 1,869,461 | ​ | 3,163,129
TOTAL LIABILITIES |  | 2,037,540 | ​ | 3,208,338
​ | ​ | ​ | ​ | ​
SHAREHOLDERS’ EQUITY |  | ​ |  | ​
Ordinary shares (US$0.00002 par value; 25,000,000,000 ordinary shares authorized, comprising of 24,114,698,720 Class A ordinary shares and 885,301,280 Class B ordinary shares as of both December 31, 2024 and 2025. 3,479,616,986 Class A ordinary shares issued and 3,337,567,403 Class A ordinary shares outstanding(1) as of December 31, 2024; 3,366,778,024 Class A ordinary shares issued and 3,233,808,859 Class A ordinary shares outstanding(1) as of December 31, 2025; and 145,413,446 and 139,447,770 Class B ordinary shares issued and outstanding as of December 31, 2024 and 2025, respectively) |  | 461 | ​ | 450
Treasury shares |  | (949,410) | ​ | (848,433)
Additional paid‑in capital |  | 72,460,562 | ​ | 64,802,176
Accumulated other comprehensive income |  | 609,112 | ​ | 290,029
(Accumulated deficit) / Retained earnings |  | (796,909) | ​ | 2,197,066
Total shareholders’ equity |  | 71,323,816 | ​ | 66,441,288
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | ​ | 73,361,356 | ​ | 69,649,626
(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.
Schedule of Condensed statements of comprehensive income (loss) of the parent company | Condensed statements of comprehensive income of the parent company ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year Ended December 31,
​ | ​ | 2023 | ​ | 2024 | ​ | 2025
​ | ​ ​ ​ | RMB | ​ ​ ​ | RMB | ​ ​ ​ | RMB
​ | ​ | (in thousands)
General and administrative expenses | ​ | (45,781) | ​ | (33,862) | ​ | (92,616)
Interest income, net | ​ | 52,460 | ​ | (117) | ​ | 6,647
Share of income of subsidiaries | ​ | 5,618,262 | ​ | 3,734,104 | ​ | 2,581,208
Income of the VIEs | ​ | 194,884 | ​ | 252,952 | ​ | 187,213
Fair value changes through earnings on investments, net | ​ | 45,235 | ​ | 40,780 | ​ | 95,325
Foreign currency exchange loss | ​ | (30,089) | ​ | (40,093) | ​ | (21,420)
Other income, net | ​ | 48,253 | ​ | 111,136 | ​ | 237,618
Income before income tax expense |  | 5,883,224 | ​ | 4,064,900 | ​ | 2,993,975
Income tax expense |  | — | ​ | — | ​ | —
Net income |  | 5,883,224 | ​ | 4,064,900 | ​ | 2,993,975
Net income attributable to KE Holdings Inc.’s ordinary shareholders | ​ | 5,883,224 | ​ | 4,064,900 | ​ | 2,993,975
​ |  | ​ | ​ | ​ | ​ | ​
Net income |  | 5,883,224 | ​ | 4,064,900 | ​ | 2,993,975
Other comprehensive income (loss) |  | ​ | ​ | ​ | ​ | ​
Currency translation adjustments | ​ | 574,223 | ​ | 217,142 | ​ | (429,040)
Unrealized gains on available-for-sale investments, net of reclassification |  | 82,800 | ​ | 147,668 | ​ | 109,957
Total comprehensive income |  | 6,540,247 | ​ | 4,429,710 | ​ | 2,674,892
Total comprehensive income attributable to KE Holdings Inc.’s ordinary shareholders | ​ | 6,540,247 | ​ | 4,429,710 | ​ | 2,674,892
Schedule of Condensed statements of cash flows of the parent company | Condensed statements of cash flows of the parent company ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year Ended December 31,
​ | ​ | 2023 | ​ | 2024 | ​ | 2025
​ | ​ ​ ​ | RMB | ​ ​ ​ | RMB | ​ ​ ​ | RMB
​ | ​ | (in thousands)
Net cash provided by operating activities | ​ | 62,063 | ​ | 194,920 | ​ | 131,872
Net cash provided by investing activities |  | 6,933,723 | ​ | 7,749,040 | ​ | 9,950,599
Net cash used in financing activities |  | (6,576,333) | ​ | (7,931,793) | ​ | (9,462,344)
Effect of exchange rate changes on cash and cash equivalents |  | (422,857) | ​ | 18,834 | ​ | (13,633)
Net increase (decrease) in cash and cash equivalents |  | (3,404) | ​ | 31,001 | ​ | 606,494
Cash and cash equivalents at the beginning of the year |  | 12,818 | ​ | 9,414 | ​ | 40,415
Cash and cash equivalents at the end of the year |  | 9,414 | ​ | 40,415 | ​ | 646,909
​

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