NYSE · SE
Sea Limited financials
$98.62−0.29%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.94B | $16.82B | $13.06B | $12.45B | $9.96B | $4.38B | $2.18B | $827.0M | $414.2M |
| Gross profit | $10.24B | $7.21B | $5.83B | $5.19B | $3.90B | $1.35B | $604.9M | $14.8M | $87.3M |
| Gross margin | 44.7% | 42.8% | 44.7% | 41.6% | 39.1% | 30.8% | 27.8% | 1.8% | 21.1% |
| Operating income | $1.99B | $662.2M | $224.8M | -$1.49B | -$1.58B | -$1.30B | -$891.2M | -$988.8M | -$502.4M |
| Net income | $1.58B | $444.3M | $150.7M | -$1.65B | -$2.05B | -$1.62B | -$1.46B | -$961.2M | -$560.5M |
| Net margin | 6.9% | 2.6% | 1.2% | −13.3% | −20.6% | −37.0% | −67.2% | −116.2% | −135.3% |
| Diluted EPS | $2.52 | $0.74 | $0.25 | $-2.96 | $-3.84 | $-3.39 | $-3.35 | $-2.84 | $-2.72 |
| EBITDA | $2.36B | $1.05B | $783.5M | -$704.2M | -$1.30B | -$1.12B | -$769.6M | -$910.0M | -$461.4M |
| Operating cash flow | $5.02B | $3.28B | $2.08B | -$1.06B | $208.6M | $555.9M | $69.9M | -$495.2M | -$259.2M |
| Free cash flow | $4.51B | $2.96B | $1.84B | -$1.98B | -$563.5M | $219.6M | -$170.0M | -$672.6M | -$326.6M |
| Diluted shares | 638.2M | 604.7M | 594.4M | 558.1M | 532.7M | 477.3M | 436.6M | 338.5M | 205.7M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $4.16B | $2.41B | $2.81B | $6.03B | $9.25B | $6.17B |
| Short-term investments | $6.41B | $6.22B | $2.55B | $864.3M | $911.3M | $126.1M |
| Total debt | $1.84B | $3.01B | $3.37B | $3.46B | $3.58B | $1.84B |
| Total assets | $29.37B | $22.63B | $18.88B | $17.00B | $18.76B | $10.46B |
| Total liabilities | $16.72B | $14.15B | $12.19B | $11.19B | $11.33B | $7.04B |
| Shareholders' equity | $12.65B | $8.48B | $6.70B | $5.81B | $7.42B | $3.42B |
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