NYSE · SE
Sea Limited financials
$98.62−0.29%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q4 '25 Dec 31 | Q4 '24 Dec 31 | Q4 '23 Dec 31 | Q4 '22 Dec 31 | Q4 '21 Dec 31 | Q1 '21 Mar 31 | Q4 '20 Dec 31 | Q1 '20 Mar 31 | Q4 '19 Dec 31 | Q1 '19 Mar 31 | Q4 '18 Dec 31 | Q4 '17 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | $1.76B | $1.57B | $714.9M | $777.2M | $351.9M | — | — |
| Gross profit | — | — | — | — | — | $645.4M | $533.7M | $206.8M | $264.9M | $39.5M | — | — |
| Gross margin | — | — | — | — | — | 36.6% | 34.1% | 28.9% | 34.1% | 11.2% | — | — |
| Operating income | — | — | — | — | — | -$348.4M | -$357.3M | -$267.7M | -$230.0M | -$239.2M | — | — |
| Net income | — | — | — | — | — | -$422.7M | -$523.6M | -$281.5M | -$283.8M | -$690.4M | — | — |
| Net margin | — | — | — | — | — | −24.0% | −33.4% | −39.4% | −36.5% | −196.2% | — | — |
| Diluted EPS | — | — | — | — | — | $-0.82 | $-1.07 | $-0.61 | $-0.60 | $-1.86 | — | — |
| EBITDA | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | -$348.4M | -$357.3M | -$267.7M | -$230.0M | -$239.2M | $0.00 | $0.00 |
| Operating cash flow | — | — | — | — | — | $318.3M | $185.4M | -$63.4M | -$27.8M | -$17.8M | — | — |
| Free cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Diluted shares | 638.2M | 604.7M | 594.4M | 558.1M | 532.7M | 514.8M | 477.3M | 462.2M | 436.6M | 370.7M | 338.5M | 205.7M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $4.16B | $2.41B | $2.81B | $6.03B | $9.25B | $5.75B |
| Short-term investments | $6.41B | $6.22B | $2.55B | $864.3M | $911.3M | $309.7M |
| Total debt | $1.84B | $3.01B | $3.37B | $3.46B | $3.58B | $1.76B |
| Total assets | $29.37B | $22.63B | $18.88B | $17.00B | $18.76B | $10.92B |
| Total liabilities | $16.72B | $14.15B | $12.19B | $11.19B | $11.33B | $7.48B |
| Shareholders' equity | $12.65B | $8.48B | $6.70B | $5.81B | $7.42B | $3.44B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology