SE
Sea Limited
Stock
$95.19−0.08 (−0.08%)Close Oct 2, 2026
Income statement
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.9B | $16.8B | $13.1B | $12.4B | $10.0B | $4.4B | $2.2B | $827M | $414M | $346M | $292M |
| Cost of revenue | $12.7B | $9.6B | $7.2B | $7.3B | $6.1B | $3.0B | $1.6B | $812M | $327M | $233M | $184M |
| Gross profit | $10.2B | $7.2B | $5.8B | $5.2B | $3.9B | $1.3B | $605M | $15M | $87M | $113M | $108M |
| R&D | $1.2B | $1.2B | $1.2B | $1.4B | $832M | $354M | $157M | $68M | $29M | $21M | $18M |
| SG&A | $5.8B | $4.7B | $3.9B | $4.7B | $4.8B | $2.4B | $1.4B | $946M | $564M | $300M | $176M |
| Other operating expenses | $1.3B | $596M | $531M | $589M | — | — | — | — | — | — | — |
| Operating income | $2.0B | $662M | $225M | −$1.5B | −$1.6B | −$1.3B | −$891M | −$989M | −$502M | −$205M | −$83M |
| Non-operating income | $296M | $117M | $208M | −$13M | −$132M | −$180M | −$477M | $35M | −$46M | $8.5M | −$4.4M |
| Pretax income | $2.3B | $779M | $432M | −$1.5B | −$1.7B | −$1.5B | −$1.4B | −$954M | −$549M | −$197M | −$87M |
| Taxes | $703M | $334M | $282M | $151M | $332M | $135M | $94M | $7.4M | $12M | $26M | $16M |
| Net income | $1.6B | $444M | $151M | −$1.7B | −$2.0B | −$1.6B | −$1.5B | −$961M | −$560M | −$223M | −$103M |
| Diluted EPS | $2.52 | $0.74 | $0.25 | −$2.96 | −$3.84 | −$3.39 | −$3.35 | −$2.84 | −$2.72 | −$1.30 | −$0.63 |
| Diluted shares | 638.2M | 604.7M | 594.4M | 558.1M | 532.7M | 477.3M | 436.6M | 338.5M | 205.7M | 171.1M | 164.6M |
| Revenue growth | +36.4% | +28.8% | +4.9% | +25.1% | +127.5% | +101.1% | +163.1% | +99.7% | +19.8% | +18.3% | — |
| Gross margin | 44.7% | 42.8% | 44.7% | 41.6% | 39.1% | 30.8% | 27.8% | 1.8% | 21.1% | 32.7% | 36.9% |
| Operating margin | 8.7% | 3.9% | 1.7% | −11.9% | −15.9% | −29.8% | −41.0% | −119.6% | −121.3% | −59.4% | −28.4% |
| Net margin | 6.9% | 2.6% | 1.2% | −13.3% | −20.6% | −37.0% | −67.2% | −116.2% | −135.3% | −64.5% | −35.4% |