KE Holdings (BEKE) Research & Development (2019 - 2026)
KE Holdings (BEKE) reported Research & Development of -$156.9 million for Q1 2026, up 35.79% on a YoY basis from -$115.5 million in Q1 2025, and up 43.16% sequentially from -$276.0 million in Q4 2025.
KE Holdings (BEKE) Research & Development (2019 - 2026) Analysis & Trends
KE Holdings (BEKE) has 8 years of Research & Development data on file, last reported at -$156.9 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 35.79% year-over-year to -$156.9 million; the trailing twelve-month figure through Mar 2026 stood at -$940.5 million (down 61.58% YoY), and the FY2025 full-year result was $369.0 million, down 65.39% from the prior year.
- Research & Development improved to -$156.9 million in Q1 2026, from -$276.0 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.
- A 5-year average of -$197.2 million and a median of -$224.9 million in 2024 frame the typical range for Research & Development.
- Across the five-year window, Research & Development surged 213.83% in 2024 and sank 202.32% in 2025, its largest moves.
- Tracing BEKE's Research & Development over 5 years: stood at -$193.2 million in 2022, then sank by 51.64% to -$293.0 million in 2023, then fell by 9.59% to -$321.1 million in 2024, then advanced by 14.05% to -$276.0 million in 2025, then jumped by 43.16% to -$156.9 million in 2026.
- Business Quant data shows BEKE's Research & Development at -$156.9 million in Q1 2026, -$276.0 million in Q4 2025, and -$242.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Colliers International | 4,798.15 Bn | 4,797.86 Bn | - | - |
| 2 | IHS Holding | 60.96 Bn | 61.13 Bn | 231.80 | - |
| 3 | KE Holdings | 53.48 Bn | 50.59 Bn | 661.06 Mn | -156.88 Mn |
| 4 | Cbre | 39.71 Bn | 39.92 Bn | 1.85 Bn | - |
| 5 | Jones Lang Lasalle | 14.96 Bn | 14.65 Bn | - | - |
| 6 | Costar | 11.08 Bn | 9.80 Bn | 701.00 Mn | 421.00 Mn |
| 7 | Compass | 7.92 Bn | 7.44 Bn | 2.31 Bn | 119.00 Mn |
| 8 | FirstService | 6.01 Bn | 6.28 Bn | 480.66 Mn | - |
| 9 | Opendoor Technologies | 3.69 Bn | 2.69 Bn | 72.00 Mn | 24.00 Mn |
| 10 | Cushman & Wakefield | 2.90 Bn | 2.30 Bn | 420.70 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | -192.15 Mn |