KE Holdings (BEKE) Research & Development (2019 - 2026)
KE Holdings' (BEKE) quarterly Research & Development came in at -$206.6 million in Q2 2026, up 22.01% year-over-year from -$169.4 million in Q2 2025, and down 31.72% quarter-over-quarter from -$156.9 million in Q1 2026.
Analysis
KE Holdings (BEKE) Research & Development (2019 - 2026) Analysis & Trends
KE Holdings has disclosed Research & Development across 8 years of filings, most recently posting -$206.6 million for Q2 2026.
- In Q2 2026, Research & Development rose 22.01% year-over-year to -$206.6 million; the TTM figure through Jun 2026 stood at -$882.2 million (up 20.23% YoY), while the FY2025 annual figure was $1.0 billion, up 198.28% from the prior year.
- Research & Development came in at -$206.6 million for Q2 2026 at KE Holdings, down from -$156.9 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $258.9 million in Q2 2024 to a low of -$321.1 million in Q4 2024.
- Average Research & Development over 5 years is -$197.8 million, with a median of -$224.2 million recorded in 2023.
- Year-over-year, Research & Development soared 213.83% in 2024 and slumped 202.32% in 2025.
- Over 5 years, Research & Development stood at -$193.2 million in 2022, then slumped by 51.64% to -$293.0 million in 2023, then retreated by 9.59% to -$321.1 million in 2024, then climbed by 14.05% to -$276.0 million in 2025, then advanced by 25.13% to -$206.6 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were -$206.6 million in Q2 2026, -$156.9 million in Q1 2026, and -$276.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | KE Holdings | 18.65 Bn | 16.24 Bn | 1.03 Bn | -206.64 Mn |
| 2 | Compass | 7.86 Bn | 7.17 Bn | 3.88 Bn | 109.00 Mn |
| 3 | Agnt | 608.15 Mn | 397.09 Mn | 98.80 Mn | 18.43 Mn |
| 4 | Re | 263.27 Mn | -411.62 Mn | - | 1.20 Mn |
| 5 | Douglas Elliman | 148.29 Mn | 43.06 Mn | 59.19 Mn | 19.73 Mn |
| 6 | Fathom Holdings | 20.50 Mn | 16.00 Mn | 113.03 Mn | 2.93 Mn |
| 7 | Linkhome Holdings | 19.40 Mn | 14.04 Mn | 158,719.00 | - |
| 8 | reAlpha Tech | 7.82 Mn | 5.58 Mn | 732,947.00 | - |
| 9 | Real Messenger | 2.87 Mn | 2.87 Mn | - | - |
| 10 | Ohmyhome | 692,798.76 | -2.85 Mn | 1.64 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -206.64 Mn |
| Mar 31, 2026 | -156.88 Mn |
| Dec 31, 2025 | -276.01 Mn |
| Sep 30, 2025 | -242.71 Mn |
| Jun 30, 2025 | -264.95 Mn |
| Mar 31, 2025 | -244.32 Mn |
| Dec 31, 2024 | -321.13 Mn |
| Sep 30, 2024 | -275.58 Mn |
| Jun 30, 2024 | 258.93 Mn |
| Mar 31, 2024 | -224.89 Mn |
| Dec 31, 2023 | -293.01 Mn |
| Sep 30, 2023 | -223.49 Mn |
| Jun 30, 2023 | -227.47 Mn |
| Mar 31, 2023 | -188.39 Mn |
| Dec 31, 2022 | -193.23 Mn |
| Sep 30, 2022 | -176.86 Mn |
| Jun 30, 2022 | -167.44 Mn |
| Mar 31, 2022 | -135.82 Mn |
| Dec 31, 2021 | -126.96 Mn |
| Sep 30, 2021 | -186.59 Mn |