Sea Limited(SE)Earnings, Financials & Key Ratios
SE•NYSE
$90.02
$54.44B mkt cap·123.3× P/E·Price updated May 6, 2026
AboutSea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations; and access to other entertainment content, including livestreaming of gameplay and social features, such as user chat and online forums. The company also operates Shopee e-commerce platform, a mobile-centric marketplace that provides integrated payment and logistics infrastructure and seller services. In addition, it offers SeaMoney digital financial services to individuals and businesses, including offline and online mobile wallet, and payment processing services, as well as other offerings across credit, insurtech, and digital bank services under the ShopeePay, SPayLater, SeaBank, and other digital financial services brands; and payment processing services for Shopee. The company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in April 2017. Sea Limited was incorporated in 2009 and is headquartered in Singapore.Show more
- Revenue$16.82B+28.8%
- EBITDA$1.05B+58.0%
- Net Income$444M+194.8%
- EPS (Diluted)0.73+192.0%
- Gross Margin42.84%-4.1%
- EBITDA Margin6.25%+22.7%
- Operating Margin3.94%+128.8%
- Net Margin2.64%+128.9%
- ROE5.86%+143.0%
- ROIC5.36%+100.4%
- Debt/Equity0.49-27.0%
- Interest Coverage17.28+216.2%
SE Key Insights
Sea Limited (SE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓FCF machine: 17.6% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 50.5%
✗Weaknesses
- ✗Weak momentum: RS Rating 10 (bottom 10%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
SE Price & Volume
Sea Limited (SE) stock price & volume — 10-year historical chart
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SE Growth Metrics
Sea Limited (SE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years59.21%
5 Years50.54%
3 Years19.1%
TTM35.84%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM1329%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM1264.18%
Return on Capital
10 Years-41.32%
5 Years-10.76%
3 Years-1.86%
Last Year6.01%
SE Recent Earnings
Sea Limited (SE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (8%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
Mar 3, 2026EPS
$0.66
Est $0.82
-19.1%
Revenue
$6.9B
Est $6.5B
+6.2%
Q4 2025
Nov 11, 2025EPS
$0.78
Est $1.03
-24.3%
Revenue
$6.0B
Est $6.4B
-6.8%
Q3 2025
Aug 12, 2025EPS
$0.85
Est $0.99
-14.1%
Revenue
$5.3B
Est $5.6B
-5.3%
Q2 2025
May 13, 2025EPS
$0.86
Est $0.93
-7.5%
Revenue
$4.8B
Est $4.9B
-2.1%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 3, 2026 | $0.66vs $0.82-19.1% | $6.9Bvs $6.5B+6.2% |
| Q4 2025 | Nov 11, 2025 | $0.78vs $1.03-24.3% | $6.0Bvs $6.4B-6.8% |
| Q3 2025 | Aug 12, 2025 | $0.85vs $0.99-14.1% | $5.3Bvs $5.6B-5.3% |
| Q2 2025 | May 13, 2025 | $0.86vs $0.93-7.5% | $4.8Bvs $4.9B-2.1% |
Based on last 12 quarters of dataView full earnings history →
SE Peer Comparison
Sea Limited (SE) competitors in General Online Marketplaces — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MELI | 93.34B | 1841.14 | 46.74 | 39.06% | 6.91% | 33.73% | 1.69 | |
 GRAB | 14.98B | 3.77 | 59.18 | 20.49% | 10.67% | 5.79% | 0.30 | |
 BABA | 341.64B | 141.48 | 17.99 | 5.86% | 12.19% | 11.24% | 0.23 | |
 JD | 47.2B | 30.69 | 7.78 | 6.84% | 2.47% | 10.53% | 0.29 | |
 CPNG | 32.32B | 17.89 | 162.64 | 14.09% | -0.58% | -3.67% | 1.00 | |
 EBAY | 49.42B | 108.15 | 24.92 | 7.95% | 17.58% | 44.12% | 1.60 | |
 SHOP | 136.9B | 105.44 | 112.17 | 30.14% | 10.77% | 10.52% | 0.01 | |
 RBLX | 31.33B | 43.77 | -28.42 | 35.77% | -20.69% | -289.59% | 4.36 |
Compare SE vs Peers
Sea Limited (SE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SE Income Statement
Sea Limited (SE) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 345.67M | 414.19M | 826.97M | 2.18B | 4.38B | 9.96B | 12.45B | 13.06B | 16.82B | 21.04B |
| Revenue Growth % | 18.33% | 19.82% | 99.66% | 163.05% | 101.14% | 127.51% | 25.06% | 4.93% | 28.75% | 35.84% |
| Cost of Goods Sold | 232.6M | 326.88M | 812.21M | 1.57B | 3.03B | 6.06B | 7.26B | 7.23B | 9.61B | 11.59B |
| COGS % of Revenue | 67.29% | 78.92% | 98.22% | 72.19% | 69.17% | 60.87% | 58.35% | 55.34% | 57.16% | - |
| Gross Profit | 113.07M▲ 0% | 87.31M▼ 22.8% | 14.76M▼ 83.1% | 604.92M▲ 3998.9% | 1.35B▲ 123.0% | 3.9B▲ 188.8% | 5.19B▲ 33.1% | 5.83B▲ 12.5% | 7.21B▲ 23.5% | 9.45B▲ 0% |
| Gross Margin % | 32.71% | 21.08% | 1.78% | 27.81% | 30.83% | 39.13% | 41.65% | 44.66% | 42.84% | 44.92% |
| Gross Profit Growth % | 4.87% | -22.78% | -83.1% | 3998.93% | 122.99% | 188.81% | 33.1% | 12.5% | 23.51% | - |
| Operating Expenses | 318.46M | 589.67M | 1B | 1.5B | 2.65B | 5.48B | 6.67B | 5.61B | 6.54B | 7.72B |
| OpEx % of Revenue | 92.13% | 142.37% | 121.35% | 68.78% | 60.61% | 55.03% | 53.6% | 42.94% | 38.9% | - |
| Selling, General & Admin | 299.75M | 563.84M | 945.8M | 1.36B | 2.43B | 4.82B | 4.71B | 3.91B | 4.74B | 5.48B |
| SG&A % of Revenue | 86.72% | 136.13% | 114.37% | 62.31% | 55.55% | 48.39% | 37.81% | 29.96% | 28.18% | - |
| Research & Development | 20.81M | 29.32M | 67.53M | 156.63M | 353.79M | 831.7M | 1.38B | 1.16B | 1.21B | 1.18B |
| R&D % of Revenue | 6.02% | 7.08% | 8.17% | 7.2% | 8.09% | 8.35% | 11.06% | 8.91% | 7.17% | - |
| Other Operating Expenses | -2.1M | -3.5M | -9.8M | -15.89M | -132.14M | -170.52M | 589.45M | 530.8M | 596.49M | 4M |
| Operating Income | -205.39M▲ 0% | -502.36M▼ 144.6% | -988.77M▼ 96.8% | -891.23M▲ 9.9% | -1.3B▼ 46.2% | -1.58B▼ 21.5% | -1.49B▲ 6.0% | 224.78M▲ 115.1% | 662.15M▲ 194.6% | 1.73B▲ 0% |
| Operating Margin % | -59.42% | -121.29% | -119.57% | -40.97% | -29.79% | -15.9% | -11.95% | 1.72% | 3.94% | 8.2% |
| Operating Income Growth % | -147.28% | -144.59% | -96.83% | 9.86% | -46.24% | -21.46% | 6.04% | 115.11% | 194.58% | - |
| EBITDA | -165.84M | -461.43M | -910.04M | -769.6M | -1.12B | -1.3B | -1.06B | 665.62M | 1.05B | 2.01B |
| EBITDA Margin % | -47.97% | -111.41% | -110.05% | -35.38% | -25.65% | -13.1% | -8.51% | 5.1% | 6.25% | 9.53% |
| EBITDA Growth % | -208.25% | -178.25% | -97.22% | 15.43% | -45.86% | -16.17% | 18.78% | 162.84% | 58.02% | 179.99% |
| D&A (Non-Cash Add-back) | 39.55M | 40.92M | 78.73M | 121.63M | 180.76M | 279.03M | 428.34M | 440.85M | 389.67M | 279.24M |
| EBIT | -199.82M | -501.43M | -983.6M | -891.23M | -1.3B | -1.58B | -1.13B | 342.65M | 662.15M | 1.79B |
| Net Interest Income | 717.87K | -23.71M | -19.79M | -14.29M | -99.26M | -100.84M | 70.15M | 290.61M | 327.27M | 318.2M |
| Interest Income | 740.87K | 2.94M | 11.53M | 33.98M | 24.86M | 36.1M | 115.57M | 331.74M | 365.59M | 354.39M |
| Interest Expense | 23K | 26.64M | 31.32M | 48.27M | 124.12M | 136.94M | 45.42M | 41.13M | 38.32M | 36.11M |
| Other Income/Expense | -11.02M | -48.06M | 31.82M | -480.63M | -179.19M | -127.11M | -1.87M | 200.58M | 106.84M | 242.45M |
| Pretax Income | -216.41M▲ 0% | -550.42M▼ 154.3% | -956.95M▼ 73.9% | -1.37B▼ 43.4% | -1.48B▼ 8.1% | -1.71B▼ 15.4% | -1.49B▲ 12.9% | 425.36M▲ 128.6% | 769M▲ 80.8% | 1.97B▲ 0% |
| Pretax Margin % | -62.61% | -132.89% | -115.72% | -63.06% | -33.88% | -17.18% | -11.96% | 3.26% | 4.57% | 9.36% |
| Income Tax | 8.55M | 10.74M | 4.09M | 85.86M | 141.64M | 332.87M | 168.4M | 262.68M | 321.17M | 530.66M |
| Effective Tax Rate % | -3.95% | -1.95% | -0.43% | -6.26% | -9.55% | -19.46% | -11.31% | 61.75% | 41.76% | 26.96% |
| Net Income | -222.87M▲ 0% | -560.49M▼ 151.5% | -961.24M▼ 71.5% | -1.46B▼ 52.2% | -1.62B▼ 10.6% | -2.05B▼ 26.5% | -1.65B▲ 19.3% | 150.73M▲ 109.1% | 444.32M▲ 194.8% | 1.43B▲ 0% |
| Net Margin % | -64.47% | -135.32% | -116.24% | -67.24% | -36.98% | -20.56% | -13.26% | 1.15% | 2.64% | 6.78% |
| Net Income Growth % | -115.61% | -151.49% | -71.5% | -52.18% | -10.61% | -26.49% | 19.32% | 109.13% | 194.79% | 1329% |
| Net Income (Continuing) | -224.96M | -561.17M | -961.03M | -1.46B | -1.62B | -2.04B | -1.66B | 162.68M | 447.83M | 1.44B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 20K | 6.11M | 3.68M | 10.23M | 37.33M | 25.71M | 95.12M | 103.75M | 105.24M | 108.09M |
| EPS (Diluted) | -0.69▲ 0% | -2.73▼ 295.7% | -2.84▼ 4.0% | -3.35▼ 18.0% | -3.39▼ 1.2% | -3.84▼ 13.3% | -2.96▲ 22.9% | 0.25▲ 108.4% | 0.73▲ 192.0% | 2.24▲ 0% |
| EPS Growth % | -115.63% | -295.65% | -4.03% | -17.96% | -1.19% | -13.27% | 22.92% | 108.45% | 192% | 1264.18% |
| EPS (Basic) | -0.69 | -2.73 | -2.84 | -3.35 | -3.39 | -3.84 | -2.96 | 0.27 | 0.77 | - |
| Diluted Shares Outstanding | 324.55M | 205.73M | 338.47M | 436.6M | 477.26M | 532.71M | 558.12M | 594.41M | 604.71M | 635.57M |
| Basic Shares Outstanding | 324.55M | 205.73M | 338.47M | 436.6M | 477.26M | 532.71M | 558.12M | 566.61M | 574.97M | 595.22M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
SE Balance Sheet
Sea Limited (SE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 309.88M | 1.72B | 1.71B | 4.41B | 8.94B | 15.14B | 12.69B | 11.77B | 16.86B | 21.08B |
| Cash & Short-Term Investments | 170.08M | 1.37B | 1B | 3.22B | 6.29B | 10.16B | 6.89B | 5.36B | 8.62B | 9.9B |
| Cash Only | 170.08M | 1.35B | 1B | 3.12B | 6.17B | 9.25B | 6.03B | 2.81B | 2.41B | 3.07B |
| Short-Term Investments | 0 | 18M | 690K | 102.32M | 126.1M | 911.28M | 864.26M | 2.55B | 6.22B | 6.83B |
| Accounts Receivable | 91.79M | 185.31M | 317.87M | 451.36M | 1.18B | 2.62B | 3.29B | 4.38B | 6B | 7.18B |
| Days Sales Outstanding | 96.92 | 163.3 | 140.3 | 75.73 | 98.58 | 96.09 | 96.35 | 122.33 | 130.13 | 108.21 |
| Inventory | 3.95M | 9.79M | 37.69M | 26.93M | 64.22M | 117.5M | 109.67M | 125.39M | 143.25M | 209.28M |
| Days Inventory Outstanding | 6.19 | 10.93 | 16.94 | 6.26 | 7.74 | 7.08 | 5.51 | 6.33 | 5.44 | 5.47 |
| Other Current Assets | 35.98M | 135.93M | 325.81M | 667.32M | 1.32B | 2.1B | 2.26B | 1.78B | 1.96B | 3.8B |
| Total Non-Current Assets | 175.89M | 267.57M | 481.96M | 814.03M | 1.52B | 3.62B | 4.31B | 7.11B | 5.77B | 5.67B |
| Property, Plant & Equipment | 31.96M | 74.35M | 192.36M | 501.58M | 620.96M | 1.68B | 2.35B | 2.22B | 2.15B | 2.52B |
| Fixed Asset Turnover | 10.81x | 5.57x | 4.30x | 4.34x | 7.05x | 5.93x | 5.31x | 5.87x | 7.81x | 9.06x |
| Goodwill | 0 | 30.95M | 30.95M | 30.95M | 216.28M | 539.62M | 230.21M | 112.78M | 107.63M | 104.77M |
| Intangible Assets | 29.96M | 37.33M | 12.89M | 15.02M | 39.77M | 52.52M | 65.02M | 50.82M | 27.31M | 15.75M |
| Long-Term Investments | 45.07M | 28.22M | 111.02M | 113.8M | 190.48M | 1.05B | 1.25B | 4.26B | 2.69B | 9.47B |
| Other Non-Current Assets | 33.6M | 48.61M | 71.44M | 82.34M | 349.27M | 192.23M | 175M | 130.49M | 268.69M | 1.69B |
| Total Assets | 485.77M▲ 0% | 1.99B▲ 309.3% | 2.19B▲ 10.3% | 5.22B▲ 138.3% | 10.46B▲ 100.1% | 18.76B▲ 79.4% | 17B▼ 9.3% | 18.88B▲ 11.1% | 22.63B▲ 19.8% | 26.75B▲ 0% |
| Asset Turnover | 0.71x | 0.21x | 0.38x | 0.42x | 0.42x | 0.53x | 0.73x | 0.69x | 0.74x | 0.85x |
| Asset Growth % | 13.01% | 309.3% | 10.28% | 138.26% | 100.14% | 79.39% | -9.35% | 11.06% | 19.82% | 98.01% |
| Total Current Liabilities | 263.76M | 637.71M | 1.19B | 2.36B | 4.64B | 7.18B | 6.94B | 8.17B | 11.3B | 14.69B |
| Accounts Payable | 5.99M | 8.64M | 37.16M | 69.37M | 121.64M | 213.58M | 258.65M | 342.55M | 350.02M | 480.39M |
| Days Payables Outstanding | 9.4 | 9.65 | 16.7 | 16.12 | 14.67 | 12.87 | 13 | 17.29 | 13.29 | 11.9 |
| Short-Term Debt | 1.86M | 2.01M | 856K | 30.74M | 0 | 100M | 119.65M | 298.43M | 1.28B | 2.56B |
| Deferred Revenue (Current) | 137.68M | 295.4M | 456.03M | 1.16B | 2.31B | 2.64B | 1.54B | 1.21B | 1.41B | 6.78B |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 12.02M | 0 | 0 | 0 |
| Current Ratio | 1.17x | 2.70x | 1.44x | 1.87x | 1.93x | 2.11x | 1.83x | 1.44x | 1.49x | 1.49x |
| Quick Ratio | 1.16x | 2.68x | 1.41x | 1.86x | 1.91x | 2.09x | 1.81x | 1.43x | 1.48x | 1.48x |
| Cash Conversion Cycle | 93.72 | 164.58 | 140.54 | 65.87 | 91.66 | 90.31 | 88.86 | 111.37 | 122.28 | 101.79 |
| Total Non-Current Liabilities | 347.67M | 875.44M | 1.25B | 1.69B | 2.4B | 4.16B | 4.26B | 4.02B | 2.85B | 1.76B |
| Long-Term Debt | 0 | 726.95M | 1.06B | 1.36B | 1.84B | 3.48B | 3.34B | 3.07B | 1.73B | 294.63M |
| Capital Lease Obligations | 0 | 0 | 0 | 149.31M | 177.96M | 498.33M | 768.66M | 800.34M | 812.51M | 3.74B |
| Deferred Tax Liabilities | 0 | 4.38M | 679K | 975K | 1.53M | 6.99M | 9.97M | 133K | 408K | 51.53M |
| Other Non-Current Liabilities | 210.41M | 10.63M | 10.87M | 21.47M | 36.18M | 69.32M | 75.33M | 74.54M | 200.67M | 857.55M |
| Total Liabilities | 611.42M | 1.51B | 2.43B | 4.05B | 7.04B | 11.33B | 11.19B | 12.19B | 14.15B | 16.45B |
| Total Debt | 1.86M | 728.96M | 1.06B | 1.59B | 2.09B | 4.25B | 4.49B | 4.46B | 4.12B | 4.24B |
| Net Debt | -168.22M | -618.4M | 60.84M | -1.53B | -4.07B | -4.99B | -1.54B | 1.65B | 1.72B | 1.18B |
| Debt / Equity | - | 1.53x | - | 1.35x | 0.61x | 0.57x | 0.77x | 0.67x | 0.49x | 0.49x |
| Debt / EBITDA | - | - | - | - | - | - | - | 6.70x | 3.92x | 2.12x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | 2.48x | 1.63x | 1.63x |
| Interest Coverage | -8931.90x | -18.85x | -31.57x | -18.47x | -10.50x | -11.56x | -32.75x | 5.47x | 17.28x | 49.70x |
| Total Equity | -125.65M▲ 0% | 475.13M▲ 478.1% | -239.46M▼ 150.4% | 1.17B▲ 589.7% | 3.42B▲ 191.7% | 7.42B▲ 117.1% | 5.81B▼ 21.7% | 6.7B▲ 15.3% | 8.48B▲ 26.6% | 10.3B▲ 0% |
| Equity Growth % | -270.49% | 478.14% | -150.4% | 589.72% | 191.67% | 117.07% | -21.73% | 15.26% | 26.58% | 129.42% |
| Book Value per Share | -0.39 | 2.31 | -0.71 | 2.69 | 7.17 | 13.94 | 10.41 | 11.27 | 14.02 | 16.21 |
| Total Shareholders' Equity | -125.67M | 469.02M | -243.14M | 1.16B | 3.38B | 7.4B | 5.72B | 6.59B | 8.37B | 10.2B |
| Common Stock | 88K | 167K | 170K | 230K | 255K | 278K | 281K | 285K | 295K | 298K |
| Retained Earnings | -505.01M | -1.11B | -2.07B | -3.53B | -5.15B | -7.2B | -8.75B | -8.6B | -8.16B | -6.97B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 8.63M | 10.75M | 15.24M | 5.5M | 7.04M | -22.38M | -98.72M | -91.02M | -193.15M | -45.14M |
| Minority Interest | 20K | 6.11M | 3.68M | 10.23M | 37.33M | 25.71M | 95.12M | 103.75M | 105.24M | 108.09M |
SE Cash Flow Statement
Sea Limited (SE) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -114.73M | -334.23M | -495.22M | 69.86M | 555.87M | 208.65M | -1.06B | 2.08B | 3.28B | 3.28B |
| Operating CF Margin % | -33.19% | -80.69% | -59.88% | 3.21% | 12.7% | 2.1% | -8.48% | 15.92% | 19.49% | - |
| Operating CF Growth % | -357.13% | -191.33% | -48.17% | 114.11% | 695.63% | -62.46% | -605.97% | 297% | 57.59% | 487.07% |
| Net Income | -224.96M | -561.17M | -961.03M | -1.46B | -1.62B | -2.04B | -1.66B | 162.68M | 444.04M | 1.43B |
| Depreciation & Amortization | 39.55M | 40.92M | 78.73M | 121.63M | 180.76M | 279.03M | 428.34M | 440.85M | 389.43M | 0 |
| Stock-Based Compensation | 28.84M | 28.64M | 58.12M | 117.07M | 290.25M | 470.32M | 705.9M | 685.03M | 715.84M | 508.88M |
| Deferred Taxes | -2.23M | -6.42M | -19.8M | -6.16M | -27.45M | -975K | -140.55M | -94.67M | -193.24M | 0 |
| Other Non-Cash Items | 26.55M | 28.98M | -24.05M | 512.98M | 210.3M | 227.08M | 978.02M | 830.7M | 1.01B | 1.93B |
| Working Capital Changes | 17.52M | 134.82M | 372.81M | 782.06M | 1.53B | 1.28B | -1.37B | 55.11M | 907.66M | 699.05M |
| Change in Receivables | 4.66M | -24.55M | -38.52M | -86.55M | -185.66M | -37.07M | 98.98M | -267.31M | -199.25M | -48.97M |
| Change in Inventory | 93K | -5.97M | -28.46M | 11.76M | -38.53M | -62.73M | 1.44M | -14.86M | -26.28M | -26.29M |
| Change in Payables | -3.05M | 1.82M | 29.73M | 31.38M | 50.86M | 99.64M | 43.31M | 478.76M | 495.27M | 0 |
| Cash from Investing | -29.93M | -118.61M | -224.53M | -363.22M | -886.91M | -3.77B | -2.43B | -5.8B | -5.04B | -5.02B |
| Capital Expenditures | -24.54M | -79.75M | -178.49M | -247.1M | -336.27M | -807.18M | -976.28M | -258.6M | -321.39M | -351M |
| CapEx % of Revenue | 7.1% | 19.25% | 21.58% | 11.36% | 7.69% | 8.11% | 7.84% | 1.98% | 1.91% | - |
| Acquisitions | -7.05M | -18.09M | 1.14M | 7.25M | -77.18M | -34.54M | -60.94M | -43.78M | -3.93M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 3.1M | 14.72M | -229K | -5.55M | -273.45M | -1.22B | -1.04B | -936.73M | -2.52B | -4.67B |
| Cash from Financing | 199.62M | 1.62B | 546.63M | 2.58B | 3.73B | 7.4B | 400.26M | 366.01M | 1.68B | 1.32B |
| Debt Issued (Net) | 1.84M | 674.3M | 564.29M | 1.14B | 1.06B | 2.96B | -640.57M | -35.29M | -172.76M | -570.61M |
| Equity Issued (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | -11.38M | -22.24M | -95.7M | -297.86M | 393.18M | 990.62M | 390.66M | 1.71B | 1.89B |
| Net Change in Cash | 53.88M▲ 0% | 1.18B▲ 2085.2% | -185.67M▼ 115.8% | 2.31B▲ 1344.9% | 3.48B▲ 50.7% | 3.78B▲ 8.7% | -3.23B▼ 185.3% | -3.37B▼ 4.3% | -162.07M▲ 95.2% | 800.58M▲ 0% |
| Free Cash Flow | -139.26M▲ 0% | -413.98M▼ 197.3% | -673.71M▼ 62.7% | -177.23M▲ 73.7% | 219.59M▲ 223.9% | -598.53M▼ 372.6% | -2.03B▼ 239.5% | 1.82B▲ 189.6% | 2.96B▲ 62.3% | 3.9B▲ 0% |
| FCF Margin % | -40.29% | -99.95% | -81.47% | -8.15% | 5.02% | -6.01% | -16.32% | 13.94% | 17.57% | 18.54% |
| FCF Growth % | -36.85% | -197.26% | -62.74% | 73.69% | 223.9% | -372.56% | -239.5% | 189.64% | 62.28% | 54.88% |
| FCF per Share | -0.43 | -2.01 | -1.99 | -0.41 | 0.46 | -1.12 | -3.64 | 3.06 | 4.89 | 4.89 |
| FCF Conversion (FCF/Net Income) | 0.51x | 0.60x | 0.52x | -0.05x | -0.34x | -0.10x | 0.64x | 13.80x | 7.38x | 2.73x |
| Interest Paid | 23K | 741K | 42.9M | 13.5M | 42M | 44.98M | 103.33M | 119.47M | 144.7M | 0 |
| Taxes Paid | 13.03M | 14M | 23.96M | 74.35M | 144.87M | 207.38M | 313.75M | 318.92M | 515.32M | 0 |
SE Key Ratios
Sea Limited (SE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -320.75% | -815.73% | -313.5% | -70.46% | -37.75% | -24.95% | 2.41% | 5.86% | 15.16% |
| Return on Invested Capital (ROIC) | - | - | - | - | - | -133.67% | -33.32% | 2.67% | 5.36% | 5.36% |
| Gross Margin | 32.71% | 21.08% | 1.78% | 27.81% | 30.83% | 39.13% | 41.65% | 44.66% | 42.84% | 44.92% |
| Net Margin | -64.47% | -135.32% | -116.24% | -67.24% | -36.98% | -20.56% | -13.26% | 1.15% | 2.64% | 6.78% |
| Debt / Equity | - | 1.53x | - | 1.35x | 0.61x | 0.57x | 0.77x | 0.67x | 0.49x | 0.49x |
| Interest Coverage | -8931.90x | -18.85x | -31.57x | -18.47x | -10.50x | -11.56x | -32.75x | 5.47x | 17.28x | 49.70x |
| FCF Conversion | 0.51x | 0.60x | 0.52x | -0.05x | -0.34x | -0.10x | 0.64x | 13.80x | 7.38x | 2.73x |
| Revenue Growth | 18.33% | 19.82% | 99.66% | 163.05% | 101.14% | 127.51% | 25.06% | 4.93% | 28.75% | 35.84% |
SE Frequently Asked Questions
Sea Limited (SE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Sea Limited (SE) reported $21.04B in revenue for fiscal year 2024. This represents a 12986% increase from $160.8M in 2014.
Sea Limited (SE) grew revenue by 28.8% over the past year. This is strong growth.
Yes, Sea Limited (SE) is profitable, generating $1.43B in net income for fiscal year 2024 (2.6% net margin).
Dividend & Returns
Sea Limited (SE) has a return on equity (ROE) of 5.9%. This is below average, suggesting room for improvement.
Sea Limited (SE) generated $3.90B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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