Company research
Sea Ltd
CIK 1703399Updated Nov 9, 2026
SecuritySE · NYSE · adr
Name history
Sea Ltd · through Nov 6, 2026
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NYSE:SE on TradingView ↗About the company
Sea Limited (NYSE: SE) is a global technology company founded in Singapore in 2009. Its mission is to better the lives of consumers and small businesses with technology. Sea operates three core businesses across e-commerce, digital financial services, and digital entertainment, known as Shopee, Monee, and Garena respectively. Shopee is the largest e-commerce platform in Southeast Asia and Taiwan and is a leading e-commerce platform in Brazil. Monee is a leading digital financial services provider in Southeast Asia with a growing presence in Latin America. Garena is a leading global online games developer and publisher.
In the news
Recent filings
6-K filing
SCHEDULE 13G/A - filed by BAILLIE GIFFORD & CO regarding Sea Ltd
6-K filing
144/A filing
144 filing
Show 5 more recent filings
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 |
Filing attachments
d17880dex991.htm · 6-K · 2026-11-10
Exhibit 99.1 Sea Limited Reports Third Quarter 2026 Results Singapore, November 10, 2026 - Sea Limited (NYSE: SE) (“Sea” or the “Company”) today announced its financial results for the third quarter ended September 30, 2026. In the third quarter of 2026, Sea’s GAAP revenue was US$8.6 billion, up 43.4% year-on-year. The Company also achieved gross profit of US$3.9 billion, up 51.4% year-on-year, and net income of US$502.5 million, up 34.0% year-on-year. Adjusted EBITDA1 increased by 28.9% year…
Read attachment ↗d181814dex991.htm · 6-K · 2026-10-20
Exhibit 99.1 Email Subject: Marking the 9th Anniversary of our IPO Dear Sailors, Nine years ago today, on October 20th 2017, we became a publicly listed company on the New York Stock Exchange. I still remember standing on the NYSE podium that morning, waiting to ring the bell. It had been eight years from our founding in 2009 to that moment - eight years of hard work, sleepless nights, constant problem solving, and long stretches where we did not know whether we were going to make it or die …
Read attachment ↗d416016dex991.htm · 6-K · 2026-08-25
Exhibit 99.1 Sea Limited to Hold Annual General Meeting on September 16, 2026 Singapore, August 25, 2026 - Sea Limited (NYSE: SE) (“Sea” or the “Company”) today announced that it will hold its annual general meeting of shareholders (“AGM”) at 1 Fusionopolis Place, #17-10, Galaxis, Singapore 138522, at 11:00 a.m. Singapore Time on September 16, 2026. No proposal will be submitted to shareholders for approval at the AGM. The Board of Directors of the Company has fixed the close of business on S…
Read attachment ↗d416016dex992.htm · 6-K · 2026-08-25
Exhibit 99.2 Sea Limited (the “Company”) Notice of Annual General Meeting to be held on September 16, 2026 (or any adjourned or postponed meeting thereof) NOTICE IS HEREBY GIVEN that an annual general meeting (the “AGM”) of the Company will be held at 1 Fusionopolis Place, #17-10, Galaxis, Singapore 138522, at 11:00 a.m., Singapore Time, on September 16, 2026. No proposal will be submitted to shareholders for approval at the AGM. The Board of Directors of the Company has fixed the close o…
Read attachment ↗d120948dex991.htm · 6-K · 2026-08-11
Exhibit 99.1 Sea Limited Reports Second Quarter 2026 Results Singapore, August 11, 2026 - Sea Limited (NYSE: SE) (“Sea” or the “Company”) today announced its financial results for the second quarter ended June 30, 2026. In the second quarter of 2026, Sea’s GAAP revenue was US$7.8 billion, up 48.1% year-on-year. The Company also achieved gross profit of US$3.5 billion, up 47.3% year-on-year, and net income of US$458.1 million, up 10.6% year-on-year. Adjusted EBITDA1 increased by 10.6% year-on-…
Read attachment ↗d78490dex991.htm · 6-K · 2026-05-12
Exhibit 99.1 Sea Limited Reports First Quarter 2026 Results Singapore, May 12, 2026 - Sea Limited (NYSE: SE) (“Sea” or the “Company”) today announced its financial results for the first quarter ended March 31, 2026. In the first quarter of 2026, Sea’s GAAP revenue was US$7.1 billion, up 46.6% year-on-year. The Company also achieved gross profit of US$3.1 billion, up 40.7% year-on-year, and net income of US$438.2 million, up 6.7% year-on-year. Adjusted EBITDA1 increased by 9.3% year-on-year to…
Read attachment ↗