Company research
Sea Ltd
CIK 1703399Updated Sep 24, 2026
SecuritySE · NYSE · adr
Name history
Sea Ltd · through Sep 23, 2026
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 29,370,979,000Source | 22,625,469,000Source | 18,883,232,000Source | 17,002,796,000Source |
| Property, Plant and Equipment, NetUSD | 1,306,837,000Source | 1,097,699,000Source | 1,207,698,000Source | 1,387,895,000Source |
| GoodwillUSD | 104,462,000Source | 107,625,000Source | 112,782,000Source | 230,208,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 12,210,000Source | 27,310,000Source | 50,821,000Source | 65,019,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 4,158,920,000Source | 2,405,153,000Source | 2,811,056,000Source | 6,029,859,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 378,047,000Source | 306,657,000Source | 262,716,000Source | 268,814,000Source |
| Inventory, NetUSD | 222,578,000Source | 143,246,000Source | 125,395,000Source | 109,668,000Source |
| Assets, CurrentUSD | 23,249,495,000Source | 16,857,668,000Source | 11,773,934,000Source | 12,688,012,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 1,979,004,000Source | 1,661,373,000Source | 1,861,842,000Source | 1,798,651,000Source |
| Operating Lease, Right-of-Use AssetUSD | 1,425,198,000Source | 1,054,785,000Source | 1,015,982,000Source | 957,840,000Source |
| Other Assets, NoncurrentUSD | 18,183,000Source | 13,384,000Source | 6,662,000Source | 11,272,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 16,722,651,000Source | 14,147,893,000Source | 12,185,647,000Source | 11,191,972,000Source |
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | -6,577,408,000Source | -8,155,264,000Source | -8,599,306,000Source | -8,745,541,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -4,824,000Source | -193,148,000Source | -108,000,000Source | -111,215,000Source |
| Stockholders' Equity Attributable to ParentUSD | 12,526,503,000Source | 8,372,335,000Source | 6,593,830,000Source | 5,715,705,000Source |
| Additional Paid in Capital, Common StockUSD | 19,105,403,000Source | 16,703,192,000Source | 15,283,870,000Source | 14,559,690,000Source |
| Liabilities and EquityUSD | 29,370,979,000Source | 22,625,469,000Source | 18,883,232,000Source | 17,002,796,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 14,680,550,000Source | 11,296,152,000Source | 8,168,941,000Source | 6,935,692,000Source |
| Operating Lease, Liability, CurrentUSD | 368,115,000Source | 300,274,000Source | 290,788,000Source | 269,968,000Source |
| Accounts Payable, CurrentUSD | 467,807,000Source | 350,021,000Source | 342,547,000Source | 258,648,000Source |
| Operating Lease, Liability, NoncurrentUSD | 1,118,682,000Source | 803,502,000Source | 789,514,000Source | 756,818,000Source |
| Deferred Income Tax Liabilities, NetUSD | 39,510,000Source | 408,000Source | 133,000Source | 9,967,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 121,825,000Source | 105,241,000Source | 103,755,000Source | 95,119,000Source |
| Additional Financial Items | ||||
| Short-term InvestmentsUSD | 6,413,261,000Source | 6,215,423,000Source | 2,547,644,000Source | 864,258,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 1,610,894,000Source | 447,827,000Source | 162,682,000Source | -1,657,772,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 372,171,000Source | 389,673,000Source | 440,845,000Source | 428,344,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 624,995,000Source | 715,839,000Source | 685,030,000Source | 705,896,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 70,749,000Source | 48,973,000Source | -7,516,000Source | -98,981,000Source |
| Increase (Decrease) in InventoriesUSD | 68,630,000Source | 26,292,000Source | 14,838,000Source | -1,441,000Source |
| Increase (Decrease) in Accounts PayableUSD | 106,049,000Source | 28,161,000Source | 81,381,000Source | 43,311,000Source |
| Deferred Income Tax Expense (Benefit)USD | -14,461,000Source | -193,361,000Source | -94,551,000Source | -140,553,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 5,024,523,000Source | 3,277,420,000Source | 2,079,688,000Source | -1,055,692,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | 0Source | 0Source | 60,713,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -4,408,668,000Source | -5,040,846,000Source | -5,804,462,000Source | -2,428,809,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 513,809,000Source | 318,153,000Source | 241,605,000Source | 924,178,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 14,027,000Source | — | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 1,623,183,000Source | 1,684,493,000Source | 366,011,000Source | 400,256,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 2,337,882,000Source | -162,072,000Source | -3,366,727,000Source | -3,227,756,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 6,419,467,000Source | 4,081,585,000Source | 4,243,657,000Source | 7,610,384,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 170,151,000Source | 144,700,000Source | 119,471,000Source | 104,557,000Source |
| Income Taxes Paid, NetUSD | 591,148,000Source | 515,323,000Source | 318,924,000Source | 313,755,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 98,844,000Source | -83,139,000Source | -7,964,000Source | -143,511,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 20,337,000Source | 35,187,000Source | 28,609,000Source | 23,417,000Source |
| DepreciationUSD | 351,834,000Source | 354,486,000Source | 412,236,000Source | 404,927,000Source |
| Equity Method Investment, Other than Temporary ImpairmentUSD | 22,000,000Source | 23,149,000Source | 10,608,000Source | — |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | — | — | — | 0Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -4,174,000Source | 30,775,000Source | -3,814,000Source | -41,737,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | 20,517,000Source | -3,246,000Source | 4,487,000Source | -75,510,000Source |
| Gain (Loss) on InvestmentsUSD | -43,443,000Source | -250,220,000Source | -125,656,000Source | -207,331,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | 21,017,000Source | 42,621,000Source | 38,550,000Source | 199,697,000Source |
| General and Administrative ExpenseUSD | 1,357,791,000Source | 1,267,706,000Source | 1,134,724,000Source | 1,437,612,000Source |
| GoodwillUSD | 104,462,000Source | 107,625,000Source | 112,782,000Source | 230,208,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 117,875,000Source | 354,943,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -18,884,000Source | -9,788,000Source | -7,032,000Source | 11,156,000Source |
| Income Tax Expense (Benefit)USD | 651,081,000Source | 321,168,000Source | 262,680,000Source | 168,395,000Source |
| Investment Income, InterestUSD | 331,072,000Source | 365,817,000Source | 331,310,000Source | 115,515,000Source |
| Net Income (Loss) Attributable to ParentUSD | 1,578,149,000Source | 444,321,000Source | 150,726,000Source | -1,651,421,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 32,745,000Source | 3,506,000Source | 11,956,000Source | -6,351,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | 445,991,000Source | — | — |
| Nonoperating Income (Expense)USD | 295,553,000Source | 116,631,000Source | 207,616,000Source | -13,025,000Source |
| Operating ExpensesUSD | 8,258,431,000Source | 6,542,936,000Source | 5,608,869,000Source | 6,672,785,000Source |
| Payments to Acquire InvestmentsUSD | 12,584,741,000Source | 9,661,521,000Source | 8,319,757,000Source | 2,630,842,000Source |
| Proceeds from Issuance of Common StockUSD | 56,825,000Source | 146,081,000Source | 10,643,000Source | 50,211,000Source |
| Proceeds from Noncontrolling InterestsUSD | 0Source | 0Source | 1,336,000Source | 70,876,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 1,379,204,000Source | 764,781,000Source | 627,928,000Source | 493,613,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 19,625,021,000Source | 16,819,866,000Source | 13,063,560,000Source | 12,449,705,000Source |
| Cost of RevenueUSD | 12,694,732,000Source | 9,614,778,000Source | 7,229,913,000Source | 7,264,428,000Source |
| Operating Income (Loss)USD | 1,985,306,000Source | 662,152,000Source | 224,778,000Source | -1,487,508,000Source |
| Income Tax Expense (Benefit)USD | 651,081,000Source | 321,168,000Source | 262,680,000Source | 168,395,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 32,745,000Source | 3,506,000Source | 11,956,000Source | -6,351,000Source |
| Net Income (Loss) Attributable to ParentUSD | 1,578,149,000Source | 444,321,000Source | 150,726,000Source | -1,651,421,000Source |
| Earnings Per Share, BasicUSD per share | 2.65Source | 0.77Source | 0.27Source | -2.96Source |
| Earnings Per Share, DilutedUSD per share | 2.52Source | 0.74Source | 0.25Source | -2.96Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 595,023,879Source | 574,966,327Source | 566,612,815Source | 558,119,948Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 638,227,141Source | 604,713,980Source | 594,405,604Source | 558,119,948Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 20,337,000Source | 35,187,000Source | 28,609,000Source | 23,417,000Source |
| Current Income Tax Expense (Benefit)USD | — | 468,920,000Source | 317,893,000Source | 272,070,000Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | — | — | — | 0Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -4,174,000Source | 30,775,000Source | -3,814,000Source | -41,737,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | 20,517,000Source | -3,246,000Source | 4,487,000Source | -75,510,000Source |
| Gain (Loss) on InvestmentsUSD | -43,443,000Source | -250,220,000Source | -125,656,000Source | -207,331,000Source |
| General and Administrative ExpenseUSD | 1,357,791,000Source | 1,267,706,000Source | 1,134,724,000Source | 1,437,612,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 117,875,000Source | 354,943,000Source |
| Gross ProfitUSD | 10,243,737,000Source | 7,205,088,000Source | 5,833,647,000Source | 5,185,277,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 1,039,816,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | -18,884,000Source | -9,788,000Source | -7,032,000Source | 11,156,000Source |
| Interest ExpenseUSD | 33,610,000Source | 38,341,000Source | 41,075,000Source | 45,396,000Source |
| Interest Expense, DebtUSD | 28,141,000Source | 32,666,000Source | 34,309,000Source | 36,544,000Source |
| Investment Income, InterestUSD | 331,072,000Source | 365,817,000Source | 331,310,000Source | 115,515,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | 445,991,000Source | — | — |
| Nonoperating Income (Expense)USD | 295,553,000Source | 116,631,000Source | 207,616,000Source | -13,025,000Source |
| Operating ExpensesUSD | 8,258,431,000Source | 6,542,936,000Source | 5,608,869,000Source | 6,672,785,000Source |
| Other ExpensesUSD | 661,962,000Source | — | — | — |
| Research and Development ExpenseUSD | 1,157,149,000Source | 1,206,050,000Source | 1,164,126,000Source | 1,376,501,000Source |
| Selling and Marketing ExpenseUSD | 4,492,203,000Source | 3,472,686,000Source | 2,779,223,000Source | 3,269,223,000Source |