Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE) Financial Statements

Sea Limited American Depositary Shares, each representing one Class A Ordinary Share

SE · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$19.63B	$14.73B	$11.45B	$12.45B	$9.96B	$4.38B	$2.18B	$826.97M
Cost of Revenue	$12.69B	$9.61B	$7.23B	$7.26B	$6.06B	$3.03B	$1.57B	$812.21M
Gross Profit	$10.24B	$7.21B	$5.83B	$5.19B	$3.90B	$1.35B	$604.92M	$14.76M
Research & Development	$1.16B	$1.21B	$1.16B	$1.38B	$831.70M	$353.79M	$156.63M	$67.53M
Selling, General & Administrative	$1.36B	$1.27B	$1.13B	$1.44B	$987.87M	$599.71M	$385.87M	$240.78M
Operating Expenses	$8.26B	$6.54B	$5.61B	$6.67B	$5.48B	$2.65B	$1.50B	$1.00B
Operating Income	$1.99B	$662.15M	$224.78M	-$1.49B	-$1.58B	-$1.30B	-$891.23M	-$988.77M
Interest Expense	$33.61M	$38.34M	$41.08M	$45.40M	$136.88M	$123.84M	$48.21M	$31.30M
Other Income / (Expense)	$295.55M	$116.63M	$207.62M	-$13.03M	-$132.12M	-$179.91M	-$477.39M	$34.89M
Income Before Taxes	$2.28B	$778.78M	$432.39M	-$1.50B	-$1.72B	-$1.48B	-$1.37B	-$953.88M
Provision for Income Taxes	$651.08M	$321.17M	$262.68M	$168.40M	$332.87M	$141.64M	$85.86M	$4.09M
Net Income	$1.58B	$444.32M	$150.73M	-$1.65B	-$2.05B	-$1.62B	-$1.46B	-$961.24M
Basic EPS	$2.65	$0.77	$0.27	-$2.96	-$3.84	-$3.39	-$3.35	—
Diluted EPS	$2.52	$0.74	$0.25	-$2.96	-$3.84	-$3.39	-$3.35	—
Basic Shares Outstanding	595.02M	574.97M	566.61M	558.12M	532.71M	477.26M	436.60M	—
Diluted Shares Outstanding	638.23M	604.71M	594.41M	558.12M	532.71M	477.26M	436.60M	—

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$3.23	$3.14	$3.32	2	↑0 ↓0
Dec 2027	$4.74	$4.35	$5.14	2	↑0 ↓0
Dec 2028	$6.16	$5.38	$6.95	2	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: SE
Type: Stock
Sector: Consumer Discretionary
Industry: Other Consumer Services
Country: North America
Exchange: NYSE

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.

Key Issues

Bullish view

FY2025 revenue increased to $19.6 billion from $14.7 billion, while net income rose to $1.6 billion from $0.4 billion, supporting the case that Sea is scaling profitably.

Bearish view

The evidence covers only one year-over-year comparison and provides no forward results, guidance, or segment data to establish that the sharp improvement will continue.

Analyst Consensus

See all

Buy

16 analysts

$114

Current

—

Low

$148

Average

—

High

Average target implies +29.59% versus the current price.

Earnings History

BeatMissNo estimate

Peers

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