KE Holdings Inc. Files Its Annual Report on Form 20-F

Rhea-AI Summary

KE Holdings (NYSE: BEKE, HKEX: 2423) filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission on April 24, 2026. The filing is available on the company investor relations website.

The company will supply a free hard copy of the audited consolidated financial statements to shareholders and ADS holders upon request via its Investor Relations Department.

News Market Reaction – BEKE

+2.41%

+2.41% Session close to close

In the Apr 24 session, BEKE gained 2.41%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirmed that BEKE formally filed its Form 20-F for FY2025 and made audited finan...

Analysis

This announcement confirmed that BEKE formally filed its Form 20-F for FY2025 and made audited financial statements available to investors, including free hard copies for shareholders and ADS holders. In the broader context, recent filings highlighted significant PRC regulatory, VIE-structure and capital-control constraints alongside substantial cash dividends of about US$1.3 billion from 2023–2026. Investors may watch future filings and earnings for how governance, regulatory exposure and capital-return policies continue to evolve.

Key Figures

VIE cash share: 42.7% VIE asset share: 11.9% VIE revenue contribution: under 1% +4 more

7 metrics

VIE cash share 42.7% Portion of cash held by VIEs as of Dec 31, 2025

VIE asset share 11.9% Portion of total assets held by VIEs as of Dec 31, 2025

VIE revenue contribution under 1% Share of net revenues from VIEs as of Dec 31, 2025

Cash dividends about US$1.3 billion Shareholder returns via cash dividends 2023–2026

RSUs granted 31,869,519 RSUs Employee grants under 2020 Share Incentive Plan on Apr 1, 2026

RSU grantees 2,327 employees Recipients of April 1, 2026 RSU grants

Awards remaining 126,142,748 Awards Awards available for future grant under 2020 Share Incentive Plan

Historical Context

5 past events · Latest: Mar 16 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 16	Final cash dividend	Positive	+4.0%	Announced ~US$0.3B final cash dividend funded from cash surplus.
Mar 16	FY2025 earnings, dividend	Positive	+4.0%	Reported FY2025 revenues and net income plus dividend and large repurchases.
Mar 04	Earnings date notice	Neutral	+2.8%	Set timing for Q4 and FY2025 results call and webcast logistics.
Nov 10	Q3 2025 earnings	Neutral	+3.4%	Released Q3 2025 metrics with flat GTV, mixed segment trends and cash data.
Oct 28	Q3 earnings date	Neutral	-0.2%	Announced Q3 2025 results release date and conference call details.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent earnings and dividend announcements have generally been followed by positive price reactions, suggesting investors have rewarded shareholder returns and financial disclosures.

Recent Company History

Over the past six months, BEKE news has centered on earnings, dividends, and capital returns. On Mar 16, 2026, the company reported FY2025 results with GTV of RMB3,183.3 billion and net revenues of RMB94.6 billion, alongside a final cash dividend of about US$0.3 billion, and the stock rose over 4%. Earlier Q3 2025 results highlighted modest revenue growth but lower net income, yet still produced a positive reaction. An October 2025 earnings-date announcement had little impact, indicating operational results and capital return details have been the main drivers.

Key Terms

form 20-f, ads

2 terms

form 20-f regulatory

"announced that it filed its annual report on Form 20-F for the fiscal"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

ads financial

"shareholders and ADS holders upon request. Requests should be directed"

Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BEIJING, April 24, 2026 (GLOBE NEWSWIRE) -- KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE and HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission on April 24, 2026. The annual report can be accessed on the Company’s investor relations website at https://investors.ke.com.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company’s Investor Relations Department at ir@ke.com.

About KE Holdings Inc.

KE Holdings Inc. is a leading integrated online and offline platform for housing transactions and services. The Company is a pioneer in building infrastructure and standards to reinvent how service providers and customers efficiently navigate and complete housing transactions and services in China, ranging from existing and new home sales, home rentals, to home renovation and furnishing, and other services. The Company owns and operates Lianjia, China’s leading real estate brokerage brand and an integral part of its Beike platform. With more than 24 years of operating experience through Lianjia since its inception in 2001, the Company believes the success and proven track record of Lianjia pave the way for it to build its infrastructure and standards and drive the rapid and sustainable growth of Beike.

For investor and media inquiries, please contact:

In China:
KE Holdings Inc.
Investor Relations
Siting Li
E-mail: ir@ke.com 

Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
E-mail: ke@tpg-ir.com 

In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: ke@tpg-ir.com

Source: KE Holdings Inc. 

FAQ

When did KE Holdings (BEKE) file its 20-F for fiscal 2025?

KE Holdings filed its Form 20-F on April 24, 2026. According to the company, the filing covers the fiscal year ended December 31, 2025 and is available on the investor relations website.

Where can I access KE Holdings (BEKE) annual report 2025?

The annual report is available on KE Holdings' investor relations website at https://investors.ke.com. According to the company, shareholders and ADS holders can also request a free hard copy from Investor Relations.

How can shareholders request a hard copy of BEKE's 2025 audited financial statements?

Shareholders and ADS holders can request a free hard copy by contacting Investor Relations at ir@ke.com. According to the company, the hard copy contains the audited consolidated financial statements.

Does the BEKE 20-F filing include audited consolidated financial statements?

Yes. According to the company, the annual report contains the audited consolidated financial statements for the fiscal year ended December 31, 2025, included in the Form 20-F filed on April 24, 2026.

Will the BEKE Form 20-F affect investor access to financial disclosures?

The filing makes the company’s audited disclosures publicly available via its investor relations site. According to the company, investors can also obtain a free hard copy by contacting Investor Relations.