Sea Limited (SE) — Financial statements
Income statement, balance sheet, and cash flow for Sea Limited — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 22,938↑36.4% | 16,820↑28.8% | 13,064↑4.9% | 12,450↑25.1% | 9,955 | |
| Cost of Revenue | 12,695↑32.0% | 9,615↑33.0% | 7,230↓0.5% | 7,264↑19.9% | 6,059 | |
| Gross Profit | 10,244↑42.2% | 7,205↑23.5% | 5,834↑12.5% | 5,185↑33.1% | 3,896 | |
| Operating Expenses | ||||||
| R&D Expenses | 1,157↓4.1% | 1,206↑3.6% | 1,164↓15.4% | 1,377↑65.5% | 832 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 7,223↑52.4% | 4,740↑21.1% | 3,914↓16.8% | 4,707↓2.3% | 4,818 | |
| Other Expenses | 0.00↓100.0% | 596↑12.4% | 531↓10.0% | 589↑445.7% | -171 | |
| Operating Expenses | 8,380↑28.1% | 6,543↑16.7% | 5,609↓15.9% | 6,673↑21.8% | 5,479 | |
| Total Costs & Expenses | 21,074↑30.4% | 16,158↑25.9% | 12,839↓7.9% | 13,937↑20.8% | 11,538 | |
| Operating Results | ||||||
| Operating Income | 1,864↑181.5% | 662↑194.6% | 225↑115.1% | -1,488↑6.0% | -1,583 | |
| Depreciation & Amortization | 0.00↓100.0% | 390↓11.6% | 441↑2.9% | 428↑53.5% | 279 | |
| EBITDA | 1,864↑77.2% | 1,052↑34.2% | 783↑211.3% | -704↑46.0% | -1,304 | |
| EBIT | 1,864↑181.5% | 662↑93.2% | 343↑130.3% | -1,133↑28.5% | -1,583 | |
| Interest & Other Income | ||||||
| Net Interest Income | 297↓9.1% | 327↑12.6% | 291↑314.3% | 70↑169.6% | -101 | |
| Interest Income | 331↓9.4% | 366↑10.2% | 332↑187.1% | 116↑220.1% | 36 | |
| Interest Expense | 34↓12.3% | 38↓6.8% | 41↓9.4% | 45↓66.8% | 137 | |
| Non-Operating Income | 0.00 | 0.00↑100.0% | -118↑66.8% | -355 | 0.00 | |
| Other Income / Expenses | 398↑272.5% | 107↓46.7% | 201↑10832.2% | -2↑98.5% | -127 | |
| Income Before Tax | 2,262↑194.1% | 769↑80.8% | 425↑128.6% | -1,489↑12.9% | -1,710 | |
| Income Tax Expense | 651↑102.7% | 321↑22.3% | 263↑56.0% | 168↓49.4% | 333 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,611↑259.7% | 448↑175.3% | 163↑109.8% | -1,658↑18.9% | -2,043 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,578↑255.2% | 444↑194.8% | 151↑109.1% | -1,651↑19.3% | -2,047 | |
| Bottom-Line Net Income | 1,578↑255.2% | 444↑194.8% | 151↑109.1% | -1,651↑19.3% | -2,047 | |
| EPS (Basic) | 2.65↑244.2% | 0.77↑185.2% | 0.27↑109.1% | -2.96↑22.9% | -3.84 | |
| EPS (Diluted) | 2.52↑245.2% | 0.73↑192.0% | 0.25↑108.4% | -2.96↑22.9% | -3.84 | |
| Weighted Average Shares | 595↑3.5% | 575↑1.5% | 567↑1.5% | 558↑4.8% | 533 | |
| Weighted Average Diluted Shares | 638↑5.5% | 605↑1.7% | 594↑6.5% | 558↑4.8% | 533 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.