Sea Limited (SE) quarterly income statement — complete revenue, gross profit & net income history
Sea Limited (SE) annual income statement — 12-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 7.79B | 7.1B | 6.85B | 5.99B | 5.26B | 4.84B | 4.95B | 4.33B | 3.81B | 3.73B | 3.62B | 3.31B | 3.1B | 3.04B | 3.45B | 3.16B | 2.94B | 2.9B | 3.22B | 2.69B |
| Revenue Growth % | 48.07% | 46.61% | 38.41% | 38.3% | 38.16% | 29.64% | 36.88% | 30.76% | 22.97% | 22.8% | 4.78% | 4.89% | 5.2% | 4.88% | 7.12% | 17.37% | 29.03% | 64.41% | 105.68% | 121.83% |
| Cost of Goods Sold | 4.24B | 3.95B | 3.85B | 3.39B | 2.85B | 2.6B | 2.74B | 2.47B | 2.22B | 2.18B | 2.09B | 1.87B | 1.64B | 1.62B | 1.75B | 1.93B | 1.85B | 1.73B | 1.91B | 1.68B |
| COGS % of Revenue | 54.42% | 55.68% | 56.24% | 56.58% | 54.18% | 53.81% | 55.45% | 57% | 58.37% | 58.39% | 57.84% | 56.46% | 53.13% | 53.42% | 50.83% | 61.1% | 62.95% | 59.65% | 59.32% | 62.49% |
| Gross Profit | 3.55B | 3.15B | 3B | 2.6B | 2.41B | 2.24B | 2.21B | 1.86B | 1.58B | 1.55B | 1.52B | 1.44B | 1.45B | 1.42B | 1.7B | 1.23B | 1.09B | 1.17B | 1.31B | 1.01B |
| Gross Margin % | 45.58% | 44.32% | 43.76% | 43.42% | 45.82% | 46.19% | 44.55% | 43% | 41.63% | 41.61% | 42.16% | 43.54% | 46.87% | 46.58% | 49.17% | 38.9% | 37.05% | 40.35% | 40.68% | 37.51% |
| Gross Profit Growth % | 47.31% | 40.67% | 35.95% | 39.67% | 52.06% | 43.92% | 44.64% | 29.12% | 9.23% | 9.67% | -10.16% | 17.4% | 33.08% | 21.08% | 29.49% | 21.71% | 17.12% | 81.28% | 145.59% | 147.49% |
| Operating Expenses | 2.92B | 2.58B | 2.46B | 2.12B | 1.92B | 1.78B | 1.9B | 1.66B | 1.5B | 1.48B | 1.58B | 1.57B | 1.17B | 1.29B | 1.35B | 1.72B | 1.93B | 1.67B | 1.75B | 1.47B |
| OpEx % of Revenue | 37.54% | 36.35% | 35.91% | 35.47% | 36.55% | 36.76% | 38.37% | 38.32% | 39.45% | 39.7% | 43.72% | 47.4% | 37.7% | 42.47% | 39.24% | 54.61% | 65.48% | 57.53% | 54.4% | 54.57% |
| Selling, General & Admin | 2.61B | 2.28B | 2.18B | 1.49B | 1.33B | 1.24B | 1.42B | 1.19B | 1.08B | 1.06B | 1.2B | 1.19B | 788.77M | 733.52M | 487.35M | 1.22B | 1.45B | 1.32B | 1.54B | 1.3B |
| SG&A % of Revenue | 33.51% | 32.17% | 31.86% | 24.9% | 25.34% | 25.55% | 28.6% | 27.39% | 28.33% | 28.4% | 33.18% | 36% | 25.48% | 24.12% | 14.12% | 38.72% | 49.27% | 45.55% | 47.75% | 48.51% |
| Research & Development | 314.16M | 296.67M | 277.59M | 286.27M | 297.43M | 295.86M | 301.22M | 301.99M | 298.46M | 304.38M | 279.81M | 280.51M | 283.3M | 320.51M | 244.19M | 420.97M | 370.93M | 340.41M | 286.64M | 231.37M |
| R&D % of Revenue | 4.03% | 4.18% | 4.05% | 4.78% | 5.66% | 6.11% | 6.08% | 6.98% | 7.84% | 8.15% | 7.74% | 8.47% | 9.15% | 10.54% | 7.07% | 13.34% | 12.61% | 11.74% | 8.9% | 8.6% |
| Other Operating Expenses | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K |
| Operating Income | 626.07M | 565.39M | 537.73M | 475.95M | 487.72M | 456.4M | 305.75M | 202.41M | 82.89M | 71.09M | -56.52M | -127.74M | 283.81M | 125.22M | 342.86M | -495.64M | -836.7M | -498.03M | -442.07M | -458.56M |
| Operating Margin % | 8.04% | 7.97% | 7.85% | 7.95% | 9.27% | 9.43% | 6.18% | 4.68% | 2.18% | 1.9% | -1.56% | -3.86% | 9.17% | 4.12% | 9.93% | -15.71% | -28.43% | -17.18% | -13.72% | -17.05% |
| Operating Income Growth % | 28.37% | 23.88% | 75.87% | 135.13% | 488.36% | 541.99% | 640.97% | 258.46% | -70.79% | -43.23% | -116.48% | 74.23% | 133.92% | 125.14% | 177.56% | -8.09% | -150.5% | -42.94% | -23.72% | -50.11% |
| EBITDA | 740.74M | 667.38M | 637.52M | 567.73M | 490.13M | 545.28M | 401.92M | 312.63M | 185.17M | 173.37M | 44.96M | -20.65M | 404.01M | 245.42M | 458.29M | -425.89M | -747.04M | -408.38M | -358.54M | -396.4M |
| EBITDA Margin % | 9.51% | 9.4% | 9.3% | 9.48% | 9.32% | 11.26% | 8.12% | 7.22% | 4.86% | 4.64% | 1.24% | -0.62% | 13.05% | 8.07% | 13.28% | -13.49% | -25.39% | -14.08% | -11.13% | -14.74% |
| EBITDA Growth % | 51.13% | 22.39% | 58.62% | 81.6% | 164.69% | 214.52% | 793.91% | 1613.64% | -54.17% | -29.36% | -90.19% | 95.15% | 154.08% | 160.1% | 227.82% | -7.44% | -174.79% | -40.09% | -17.85% | -50.77% |
| D&A (Non-Cash Add-back) | 114.67M | 102M | 99.79M | 91.78M | 2.41M | 88.88M | 96.17M | 110.21M | 102.28M | 102.28M | 101.48M | 107.09M | 120.19M | 120.19M | 115.42M | 69.76M | 89.65M | 89.65M | 83.54M | 62.16M |
| EBIT | 626.07M | 653.86M | 627.15M | 544.94M | 567.23M | 556.21M | 336M | 255.67M | 150.19M | 65.46M | -24.52M | -72.11M | 403.52M | 243.1M | 520.53M | -492.49M | -659.42M | -486.73M | -458.34M | -432.89M |
| Net Interest Income | 67.3M | 65.5M | 63.54M | 72.56M | 81.95M | 79.65M | 84.05M | 84.5M | 81.49M | 77.23M | 81.39M | 77.98M | 72.74M | 58.54M | 43.92M | 19.69M | 7.63M | -834.74K | -41.41M | -26.86M |
| Interest Income | 68.62M | 67.14M | 70.2M | 81.41M | 91M | 88.72M | 93.26M | 94.24M | 91.15M | 86.92M | 91.59M | 88.16M | 83.06M | 68.95M | 54.83M | 31.2M | 19.02M | 10.76M | 10.93M | 10.19M |
| Interest Expense | 1.32M | 1.64M | 6.66M | 8.85M | 8.97M | 9.07M | 9.21M | 9.75M | 9.66M | 9.7M | 10.2M | 10.19M | 10.33M | 10.41M | 10.91M | 11.51M | 11.39M | 11.6M | 52.34M | 37.06M |
| Other Income/Expense | 82.65M | 86.83M | 82.76M | 60.14M | 70.54M | 90.74M | 21.04M | 43.51M | 57.63M | -15.33M | 21.8M | 45.44M | 109.38M | 23.97M | 36.51M | -8.35M | -29.73M | -298K | -68.61M | -11.38M |
| Pretax Income | 708.72M | 652.22M | 620.49M | 536.08M | 558.26M | 547.14M | 326.79M | 245.92M | 140.52M | 55.76M | -34.72M | -82.3M | 393.19M | 149.19M | 379.38M | -504M | -866.43M | -498.33M | -510.68M | -469.94M |
| Pretax Margin % | 9.1% | 9.19% | 9.06% | 8.96% | 10.61% | 11.3% | 6.6% | 5.68% | 3.69% | 1.49% | -0.96% | -2.49% | 12.7% | 4.91% | 10.99% | -15.97% | -29.44% | -17.19% | -15.85% | -17.48% |
| Income Tax | 250.6M | 214M | 209.61M | 161.1M | 144.06M | 136.31M | 89.2M | 92.6M | 60.61M | 78.76M | 76.89M | 61.68M | 62.21M | 61.9M | -43.46M | 65.28M | 64.77M | 81.81M | 105.61M | 101.04M |
| Effective Tax Rate % | 35.36% | 32.81% | 33.78% | 30.05% | 25.8% | 24.91% | 27.3% | 37.65% | 43.13% | 141.25% | -221.46% | -74.94% | 15.82% | 41.49% | -11.46% | -12.95% | -7.48% | -16.42% | -20.68% | -21.5% |
| Net Income | 440.79M | 427.94M | 397.1M | 372.04M | 414.2M | 403.05M | 237.31M | 153.32M | 79.91M | -23.66M | -109.74M | -143.98M | 330.98M | 88.08M | 426.8M | -569.27M | -931.2M | -579.81M | -617.61M | -573.02M |
| Net Margin % | 5.66% | 6.03% | 5.8% | 6.22% | 7.88% | 8.33% | 4.79% | 3.54% | 2.1% | -0.63% | -3.03% | -4.35% | 10.69% | 2.9% | 12.37% | -18.04% | -31.65% | -20% | -19.17% | -21.31% |
| Net Income Growth % | 6.42% | 6.17% | 67.33% | 142.65% | 418.33% | 1803.29% | 316.25% | 206.49% | -75.86% | -126.87% | -125.71% | 74.71% | 135.54% | 115.19% | 169.1% | 0.65% | -114.84% | -37.17% | -17.96% | -36.44% |
| Net Income (Continuing) | 458.12M | 438.22M | 410.88M | 374.99M | 414.2M | 410.82M | 237.59M | 153.32M | 79.91M | -23M | -111.61M | -143.98M | 330.98M | 87.29M | 422.84M | -569.27M | -931.2M | -580.14M | -616.29M | -570.98M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 138.33M | 128.21M | 121.83M | 108.09M | 107.06M | 110.92M | 105.24M | 112.17M | 99M | 101.82M | 103.75M | 110.72M | 108.71M | 98.37M | 95.12M | 58.92M | 61.56M | 30.18M | 25.71M | 23.27M |
| EPS (Diluted) | 0.70 | 0.67 | 0.63 | 0.59 | 0.69 | 0.63 | 0.39 | 0.26 | 0.14 | -0.04 | -0.19 | -0.26 | 0.54 | 0.15 | 0.70 | -1.01 | -1.67 | -1.04 | -1.12 | -1.06 |
| EPS Growth % | 1.45% | 6.35% | 61.54% | 126.92% | 392.86% | 1621.74% | 305.26% | 200% | -74.07% | -127.6% | -127.14% | 74.26% | 132.34% | 114.42% | 162.5% | 4.72% | -101.2% | -26.83% | -5.66% | -23.26% |
| EPS (Basic) | 0.72 | 0.70 | 0.66 | 0.63 | 0.69 | 0.68 | 0.41 | 0.26 | 0.14 | -0.04 | -0.19 | -0.26 | 0.57 | 0.16 | 0.76 | -1.01 | -1.67 | -1.04 | -1.12 | -1.06 |
| Diluted Shares Outstanding | 654.45M | 636.17M | 639.53M | 635.57M | 592.02M | 634.64M | 610.14M | 574.34M | 574.34M | 570.94M | 569.53M | 564.76M | 598.72M | 598.69M | 611.94M | 558.44M | 557.45M | 556.22M | 553.64M | 538.67M |
| Basic Shares Outstanding | 612.48M | 611.58M | 602.24M | 595.22M | 592.02M | 590.29M | 580.05M | 574.34M | 574.34M | 570.94M | 569.53M | 564.76M | 564.76M | 563.56M | 560.33M | 558.44M | 557.45M | 556.22M | 553.64M | 538.67M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |