SE
Sea Ltd
NYSE: SE · CONSUMER CYCLICAL · INTERNET RETAIL
$83.21
-3.06% today
Updated 2026-04-29
Market cap
$51.99B
P/E ratio
33.68
P/S ratio
2.27x
EPS (TTM)
$2.52
Dividend yield
—
52W range
$77 – $199
Volume
5.1M
Sea Ltd (SE) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $160.76M | $292.12M | $345.67M | $414.19M | $826.97M | $2.18B | $4.38B | $9.96B | $12.45B | $13.06B | $16.82B | $22.94B |
| Revenue growth (YoY) | — | +81.7% | +18.3% | +19.8% | +99.7% | +163.1% | +101.1% | +127.5% | +25.1% | +4.9% | +28.8% | +36.4% |
| Cost of revenue | $124.57M | $184.30M | $232.60M | $326.88M | $812.21M | $1.57B | $3.03B | $6.06B | $7.26B | $7.23B | $9.61B | $12.69B |
| Gross profit | $36.18M | $107.83M | $113.07M | $87.31M | $14.76M | $604.92M | $1.35B | $3.90B | $5.19B | $5.83B | $7.21B | $10.24B |
| Gross margin | 22.5% | 36.9% | 32.7% | 21.1% | 1.8% | 27.8% | 30.8% | 39.1% | 41.6% | 44.7% | 42.8% | 44.7% |
| R&D | $11.05M | $17.73M | $20.81M | $29.32M | $67.53M | $156.63M | $353.79M | $831.70M | $1.38B | $1.16B | $1.21B | $1.16B |
| SG&A | $44.96M | $87.20M | $112.38M | $137.87M | $240.78M | $385.87M | $599.71M | $987.87M | $1.44B | $1.13B | $1.27B | $7.22B |
| Operating income | $-87.88M | $-83.06M | $-205.39M | $-502.36M | $-988.77M | $-891.23M | $-1.30B | $-1.58B | $-1.49B | $224.78M | $662.15M | $1.86B |
| Operating margin | -54.7% | -28.4% | -59.4% | -121.3% | -119.6% | -41.0% | -29.8% | -15.9% | -11.9% | 1.7% | 3.9% | 8.1% |
| EBITDA | $-69.32M | $-52.13M | $-160.27M | $-460.51M | $-904.87M | $-769.60M | $-1.12B | $-1.30B | $-704.22M | $783.50M | $1.05B | $1.86B |
| EBITDA margin | -43.1% | -17.8% | -46.4% | -111.2% | -109.4% | -35.4% | -25.7% | -13.1% | -5.7% | 6.0% | 6.3% | 8.1% |
| EBIT | $-87.09M | $-81.39M | $-199.82M | $-501.43M | $-983.60M | $-891.23M | $-1.30B | $-1.58B | $-1.13B | $342.65M | $662.15M | — |
| Interest expense | $180593.00 | $31957.00 | $22995.00 | $26.64M | $31.32M | $48.27M | $124.12M | $136.94M | $45.42M | $41.13M | $38.32M | $33.61M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-88.38M | $-103.37M | $-222.87M | $-560.49M | $-961.24M | $-1.46B | $-1.62B | $-2.05B | $-1.65B | $150.73M | $444.32M | $1.58B |
| Net income growth (YoY) | — | -17.0% | -115.6% | -151.5% | -71.5% | -52.2% | -10.6% | -26.5% | +19.3% | +109.1% | +194.8% | +255.2% |
| Profit margin | -55.0% | -35.4% | -64.5% | -135.3% | -116.2% | -67.2% | -37.0% | -20.6% | -13.3% | 1.2% | 2.6% | 6.9% |