SE
$95.31-0.65%
as of close, Oct 14, 2026
☾ AH $95.31 -0.65%
Sea Limited American Depositary Shares each representing oneStock · Consumer Discretionary
SE financial statements
The full income statement, balance sheet, and cash-flow statement for Sea Limited American Depositary Shares each representing one (SE), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2016-12 176.6M2019-12 463.2M2020-12 511.9M2021-12 557.7M2022-12 564.8M2023-12 572.3M2024-12 589.1M2025-12 611.0M+246.0% over 7 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 22.9B+36.4% | 16.8B+28.8% | 13.1B+4.9% | 12.4B+25.1% | 9.96B+127.5% | |
| 10.2B+42.2% | 7.21B+23.5% | 5.83B+12.5% | 5.19B+33.1% | 3.90B+188.8% | ||
| Cost of revenue | 12.7B+32.0% | 9.61B+33.0% | 7.23B-0.5% | 7.26B+19.9% | 6.06B+100.2% | |
| 8.26B+26.2% | 6.54B+16.7% | 5.61B-15.9% | 6.67B+21.8% | 5.48B+106.6% | ||
| Research & development | 1.16B-4.1% | 1.21B+3.6% | 1.16B-15.4% | 1.38B+65.5% | 832M+135.1% | |
| Selling, general & administrative | 1.36B+7.1% | 1.27B+11.7% | 1.13B-21.1% | 1.44B+45.5% | 988M+64.7% | |
| General & administrative | 1.36B+7.1% | 1.27B+11.7% | 1.13B-21.1% | 1.44B+45.5% | 988M+64.7% | |
| Selling & marketing | 4.49B+29.4% | 3.47B+25.0% | 2.78B-15.0% | 3.27B-14.6% | 3.83B+109.2% | |
| Amortization of intangibles | 20.3M-42.2% | 35.2M+23.0% | 28.6M+22.2% | 23.4M+27.6% | 18.4M+56.9% | |
| Provision for credit losses | — | — | — | — | -975K-118.9% | |
| Operating income | 1.99B+199.8% | 662M+194.6% | 225M+115.1% | -1.49B+6.0% | -1.58B-21.5% | |
| Interest expense | 33.6M-12.3% | 38.3M-6.7% | 41.1M-9.5% | 45.4M-66.8% | 137M+10.5% | |
| Interest & investment income | 331M-9.5% | 366M+10.4% | 331M+186.8% | 116M+220.1% | 36.1M+45.5% | |
| Other non-operating income | 296M+153.4% | 117M-43.8% | 208M+1694.0% | -13.0M+90.1% | -132M+26.6% | |
| Equity-method income | -18.9M-92.9% | -9.79M-39.2% | -7.03M-163.0% | 11.2M+122.3% | 5.02M+596.1% | |
| Gain (loss) on equity securities | — | — | — | — | -30.4M-26.1% | |
| Pre-tax income | 2.28B+192.9% | 779M+80.1% | 432M+128.8% | -1.50B+12.5% | -1.72B-15.6% | |
| Income tax | 651M+102.7% | 321M+22.3% | 263M+56.0% | 168M-49.4% | 333M+135.0% | |
| 1.58B+255.2% | 444M+194.8% | 151M+109.1% | -1.65B+19.3% | -2.05B-26.5% | ||
| Net income to non-controlling interest | 32.7M+834.0% | 3.51M-70.7% | 12.0M+288.3% | -6.35M-270.3% | 3.73M+161.1% | |
| Net income to common | — | 446M+195.9% | 151M+109.1% | -1.65B | — | |
| $2.52+240.5% | $0.74+196.0% | $0.25+108.4% | -$2.96+22.9% | -$3.84-13.3% | ||
| EPS (basic) | $2.65+244.2% | $0.77+185.2% | $0.27+109.1% | -$2.96+22.9% | -$3.84-13.3% | |
| Weighted-avg shares (basic) | 595M+3.5% | 575M+1.5% | 567M+1.5% | 558M+4.8% | 533M+11.6% | |
| Weighted-avg shares (diluted) | 638M+5.5% | 605M+1.7% | 594M+6.5% | 558M+4.8% | 533M+11.6% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 23.2B+37.9% | 16.9B+43.2% | 11.8B-7.2% | 12.7B-16.2% | 15.1B+69.3% | ||
| Cash & equivalents | 4.16B+72.9% | 2.41B-14.4% | 2.81B-53.4% | 6.03B-34.8% | 9.25B+50.0% | |
| Short-term investments | 6.41B+3.2% | 6.22B+144.0% | 2.55B+194.8% | 864M-5.2% | 911M+622.7% | |
| Accounts receivable | 378M+23.3% | 307M+16.7% | 263M-2.3% | 269M-30.8% | 388M+7.0% | |
| Inventory | 223M+55.4% | 143M+14.2% | 125M+14.3% | 110M-6.7% | 117M+83.0% | |
| Prepaid expenses | 1.98B+19.1% | 1.66B-10.8% | 1.86B+3.5% | 1.80B+28.3% | 1.40B+33.0% | |
| Other current assets | 15.8M-21.4% | 20.1M+25.3% | 16.1M-31.2% | 23.3M+30.8% | 17.8M-19.8% | |
| 29.4B+29.8% | 22.6B+19.8% | 18.9B+11.1% | 17.0B-9.3% | 18.8B+79.4% | ||
| Property, plant & equipment | 1.31B+19.1% | 1.10B-9.1% | 1.21B-13.0% | 1.39B+34.8% | 1.03B+166.6% | |
| Operating lease right-of-use | 1.43B+35.1% | 1.05B+3.8% | 1.02B+6.1% | 958M+47.4% | 650M+177.0% | |
| Goodwill | 104M-2.9% | 108M-4.6% | 113M-51.0% | 230M-57.3% | 540M+149.5% | |
| Intangible assets | 12.2M-55.3% | 27.3M-46.3% | 50.8M-21.8% | 65.0M+23.8% | 52.5M+32.0% | |
| Long-term investments | 1.89B-29.9% | 2.69B-36.8% | 4.26B+240.0% | 1.25B+19.1% | 1.05B+452.7% | |
| Deferred tax assets | 596M+15.2% | 517M+57.3% | 329M+34.1% | 245M+136.4% | 104M+3.9% | |
| Other non-current assets | 18.2M+34.3% | 13.5M+103.2% | 6.66M-40.9% | 11.3M-19.6% | 14.0M+132.5% | |
| Total non-current assets | 6.12B+6.1% | 5.77B-18.9% | 7.11B+64.8% | 4.31B+19.2% | 3.62B+138.7% | |
| 14.7B+30.0% | 11.3B+38.3% | 8.17B+17.8% | 6.94B-3.4% | 7.18B+54.8% | ||
| Accounts payable | 468M+33.7% | 350M+2.2% | 343M+32.4% | 259M+21.1% | 214M+75.6% | |
| Deferred revenue | 1.97B+40.0% | 1.41B+16.3% | 1.21B-21.2% | 1.54B-42.0% | 2.64B+23.0% | |
| Current lease liability | 368M+22.6% | 300M+3.3% | 291M+7.7% | 270M+44.8% | 186M+150.3% | |
| Finance lease liability (current) | 11.6M+159.2% | 4.49M+20.8% | 3.71M+18.4% | 3.14M+107.0% | 1.52M+2815.4% | |
| 16.7B+18.2% | 14.1B+16.1% | 12.2B+8.9% | 11.2B-1.2% | 11.3B+61.1% | ||
| Deferred revenue (non-current) | 130M+17.9% | 110M+51.4% | 72.6M+14.2% | 63.6M-39.4% | 105M-69.5% | |
| Non-current lease liability | 1.12B+39.2% | 804M+1.8% | 790M+4.3% | 757M+54.0% | 491M+176.2% | |
| Operating lease liability (total) | 1.49B+34.7% | 1.10B+2.2% | 1.08B+5.2% | 1.03B+51.5% | 678M+168.6% | |
| Finance lease liability | 33.8M+274.7% | 9.01M-16.8% | 10.8M-8.6% | 11.8M+68.7% | 7.02M+8161.2% | |
| Deferred tax liabilities | 39.5M+9583.8% | 408K+206.8% | 133K-98.7% | 9.97M+42.5% | 6.99M+358.2% | |
| Total non-current liabilities | 2.04B-28.4% | 2.85B-29.0% | 4.02B-5.6% | 4.26B+2.4% | 4.16B+73.2% | |
| 12.5B+49.6% | 8.37B+27.0% | 6.59B+15.4% | 5.72B-22.7% | 7.40B+118.7% | ||
| Additional paid-in capital | 19.1B+14.4% | 16.7B+9.3% | 15.3B+5.0% | 14.6B-0.4% | 14.6B+71.5% | |
| Retained earnings | -6.58B+19.3% | -8.16B+5.2% | -8.60B+1.7% | -8.75B-21.4% | -7.20B-39.8% | |
| Treasury stock | 14.5M | 0.00 | — | — | — | |
| Accumulated other comprehensive income | -4.82M+97.5% | -193M-78.8% | -108M+2.9% | -111M-290.0% | -28.5M-709.3% | |
| Non-controlling interest | 122M+15.8% | 105M+1.4% | 104M+9.1% | 95.1M+269.9% | 25.7M-31.1% | |
| Total equity incl. non-controlling | 12.6B+49.2% | 8.48B+26.6% | 6.70B+15.3% | 5.81B-21.7% | 7.42B+117.1% | |
| Total liabilities & equity | 29.4B+29.8% | 22.6B+19.8% | 18.9B+11.1% | 17.0B-9.3% | 18.8B+79.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.02B+53.3% | 3.28B+57.6% | 2.08B+297.0% | -1.06B-606.0% | 209M-62.5% | ||
| Depreciation & amortization | 372M-4.5% | 390M-11.6% | 441M+2.9% | 428M+53.5% | 279M+54.4% | |
| Intangible amortization | 20.3M-42.2% | 35.2M+23.0% | 28.6M+22.2% | 23.4M+27.6% | 18.4M+56.9% | |
| Share-based compensation | 625M-12.7% | 716M+4.5% | 685M-3.0% | 706M+50.1% | 470M+62.0% | |
| Deferred income taxes | -14.5M+92.5% | -193M-104.5% | -94.6M+32.7% | -141M-14315.7% | -975K+96.4% | |
| Change in receivables | 70.7M+44.5% | 49.0M+751.6% | -7.52M+92.4% | -99.0M-367.0% | 37.1M-78.8% | |
| Change in inventory | 68.6M+161.0% | 26.3M+77.2% | 14.8M+1129.7% | -1.44M-102.3% | 62.7M+62.8% | |
| Change in payables | 106M+276.6% | 28.2M-65.4% | 81.4M+87.9% | 43.3M-56.5% | 99.6M+95.9% | |
| Other operating activities | -8.15M-251.8% | 5.37M-39.6% | 8.90M-70.8% | 30.5M+139.5% | 12.7M+305.7% | |
| -4.41B+12.5% | -5.04B+13.2% | -5.80B-139.0% | -2.43B+35.5% | -3.77B-324.8% | ||
| Capital expenditure | 514M+61.5% | 318M+31.7% | 242M-73.9% | 924M+19.7% | 772M+129.6% | |
| Free cash flow | 4.51B+52.4% | 2.96B+61.0% | 1.84B+192.8% | -1.98B-251.3% | -564M-356.6% | |
| Acquisitions | 0.00 | 0.00 | 0.00-100.0% | 60.7M+166.7% | 22.8M-75.3% | |
| Purchases of investments | 12.6B+30.3% | 9.66B+16.1% | 8.32B+216.2% | 2.63B+5.0% | 2.51B+1041.1% | |
| Sales/maturities of investments | 13.4B+81.1% | 7.39B+109.7% | 3.52B+54.4% | 2.28B+185.8% | 798M+3984.6% | |
| Proceeds from sale of PP&E | 2.81M-55.0% | 6.24M-89.9% | 61.9M-48.4% | 120M+19254.2% | 620K-64.2% | |
| 1.62B-3.6% | 1.68B+360.2% | 366M-8.6% | 400M-94.6% | 7.40B+98.3% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00-100.0% | 49.0M-57.5% | 115M+9318.5% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 56.8M-61.1% | 146M+1272.6% | 10.6M-78.8% | 50.2M-98.8% | 4.05B+36.4% | |
| Common stock repurchased | 14.0M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | 98.8M+218.9% | -83.1M-943.9% | -7.96M+94.5% | -144M-146.5% | -58.2M-172.1% | |
| Net change in cash | 2.34B+1542.5% | -162M+95.2% | -3.37B-4.3% | -3.23B-185.3% | 3.78B+8.7% | |
| Interest paid | 170M+17.6% | 145M+21.1% | 119M+15.6% | 103M+129.7% | 45.0M+7.1% | |
| Income taxes paid | 591M+14.7% | 515M+61.6% | 319M+1.6% | 314M+51.3% | 207M+43.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 77.9B+24.7% | 62.5B+173.3% | 22.9B-21.2% | 29.0B-76.7% | 125B+22.4% | |
| P/E | 49.4×-64.9% | 140.7× | — | — | — | |
| P/S | 3.4×-8.6% | 3.7×+102.3% | 1.8×-37.0% | 2.9×-76.7% | 12.5×-46.2% | |
| P/B | 6.2×-16.6% | 7.5×+86.6% | 4.0×+2.0% | 3.9×-76.7% | 16.9×-44.0% | |
| P/FCF | 17.3×-18.2% | 21.1× | — | — | — | |
| Earnings yield | 2.0%+184.8% | 0.71% | — | — | — | |
| FCF yield | 5.8%+22.2% | 4.7% | — | — | — | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: SE’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all SE filings on SEC EDGAR → Not investment advice.