KE Holdings (BEKE) Research & Development (2019 - 2026)

KE Holdings' (BEKE) quarterly Research & Development came in at -$71.4 million in Q1 2026, up 11.21% year-on-year from -$64.2 million in Q1 2025, and up 30.18% quarter-over-quarter from -$102.3 million in Q4 2025.

KE Holdings (BEKE) Research & Development (2019 - 2026) Analysis & Trends

KE Holdings has disclosed Research & Development across 8 years of filings, most recently posting -$71.4 million for Q1 2026.

  • Research & Development for Q1 2026 came in at -$71.4 million, up 11.21% year-over-year; the trailing twelve-month figure through Mar 2026 was -$353.2 million (down 82.2% YoY), and the FY2025 annual result was $369.0 million, up 17.96% from the prior year.
  • Research & Development came in at -$71.4 million for Q1 2026 at KE Holdings, up from -$102.3 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $69.4 million in Q2 2024 to a low of -$118.1 million in Q1 2022.
  • The 5-year median for Research & Development is -$75.2 million (2023), against an average of -$74.3 million.
  • Across the five-year window, Research & Development surged 206.03% in 2024 and slumped 227.37% in 2025, its largest moves.
  • KE Holdings' Research & Development stood at -$73.7 million in 2022, then fell by 1.91% to -$75.2 million in 2023, then slumped by 34.65% to -$101.2 million in 2024, then retreated by 1.07% to -$102.3 million in 2025, then jumped by 30.18% to -$71.4 million in 2026.
  • The last three Research & Development figures came in at -$71.4 million (Q1 2026), -$102.3 million (Q4 2025), and -$91.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 IHS Holding 45.03 Bn 44.04 Bn 231.80 -
2 Cbre 38.54 Bn 37.33 Bn 1.85 Bn -
3 Costar 14.00 Bn 12.72 Bn 701.00 Mn 114.00 Mn
4 Jones Lang Lasalle 13.85 Bn 13.53 Bn - -
5 KE Holdings 7.04 Bn 4.80 Bn 661.06 Mn -71.41 Mn
6 Compass 5.66 Bn 5.19 Bn 2.31 Bn 119.00 Mn
7 Opendoor Technologies 4.24 Bn 4.17 Bn 72.00 Mn 24.00 Mn
8 Cushman & Wakefield 3.11 Bn 2.51 Bn 420.70 Mn -
9 Newmark 2.67 Bn 2.62 Bn - -
10 Kennedy-Wilson Holdings 1.53 Bn 1.38 Bn 83.20 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 -71.41 Mn
Dec 31, 2025 -102.28 Mn
Sep 30, 2025 -91.06 Mn
Jun 30, 2025 -88.43 Mn
Mar 31, 2025 -80.42 Mn
Dec 31, 2024 -101.20 Mn
Sep 30, 2024 -81.64 Mn
Jun 30, 2024 69.42 Mn
Mar 31, 2024 -64.72 Mn
Dec 31, 2023 -75.16 Mn
Sep 30, 2023 -64.64 Mn
Jun 30, 2023 -65.48 Mn
Mar 31, 2023 -66.51 Mn
Dec 31, 2022 -73.75 Mn
Sep 30, 2022 -71.60 Mn
Jun 30, 2022 -116.25 Mn
Mar 31, 2022 -118.14 Mn
Dec 31, 2021 -115.83 Mn
Sep 30, 2021 -161.86 Mn
Jun 30, 2021 -120.03 Mn