Sea Ltd (SE)
Sea Limited, through its subsidiaries, operates as a technology company in Southeast Asia, Latin America, the rest of Asia, and internationally. The company operates through E-commerce, Digital Financial Services, and Digital Entertainment segments. It offers Garena, a digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations and develops games. The company also operates the Shopee e-commerce platform, a mobile-centric marketplace that provides integrated payments, logistics and fulfillment infrastructure, and other value-added services. In addition, it offers Monee digital financial services comprising consumer, and small and medium-sized enterprises (SME) credit, e- wallets, payment processing, banking, Insurtech, and wealth services; and acts as an underwriter for various life and non-life insurance products under the MoneeInsure tradename, as well as insurance agency services. It serves buyers, such as individuals and households; and sellers, including small and medium businesses, brands, and large retailers. 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.
- Symbol
- SE
- Exchange
- NYSE
- Sector
- Consumer Cyclical
- Industry
- Internet Retail
- Market cap
- $61.69B
- 52 week range
- 77.05 - 193.48
Valuation
- Share price
- $102.55 (close of 2026-09-23)
- P/E (TTM)
- 39.12x
- Price to book
- 4.88x
- Price to free cash flow
- 13.68x
- Enterprise value
- $54.49B
- Book value per share
- $21.26
Price performance
| Period | Change |
|---|
| 1 day | -0.10% |
| 5 days | -0.10% |
| 1 month | -12.75% |
| 3 months | +11.72% |
| 6 months | +28.52% |
| Year to date | -19.61% |
| 1 year | -44.64% |
| 3 years | +185.18% |
| 5 years | -70.08% |
| All time | +530.69% |
Profitability and growth
- Return on equity
- 12.48%
- Return on invested capital
- 24.47%
- Return on assets
- 5.37%
- Return on capital employed
- 13.51%
- Gross margin
- 52.20%
- Net margin
- 8.04%
- EBITDA margin
- 12.01%
- Revenue growth
- 33.20%
- Net income growth
- 255.18%
- Free cash flow growth
- 52.43%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 7.31%
- Current ratio
- 1.58x
- Net debt to EBITDA
- -2.68x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $19.63B
- Cost of revenue
- $12.69B
- Gross profit
- $10.24B
- EBITDA
- $2.36B
- Net income
- $1.58B
- Earnings per share
- $2.65
- Research and development
- $1.16B
- Interest expense
- $33.61M
- Shares outstanding
- 595.02M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $19.63B | $10.24B | $1.58B | $2.65 |
| 2024-12-31 | $14.73B | $7.21B | $444.32M | $0.77 |
| 2023-12-31 | $11.45B | $5.83B | $150.73M | $0.27 |
| 2022-12-31 | $12.45B | $5.19B | $-1.65B | $-2.96 |
| 2021-12-31 | $9.96B | $3.90B | $-2.05B | $-3.84 |
| 2020-12-31 | $4.38B | $1.35B | $-1.62B | $-3.39 |
| 2019-12-31 | $2.18B | $604.92M | $-1.46B | $-3.35 |
| 2018-12-31 | $826.97M | $14.76M | $-961.24M | $-2.84 |
| 2017-12-31 | $414.19M | $87.31M | $-560.49M | $-2.72 |
| 2016-12-31 | $345.67M | $113.07M | $-222.87M | $-1.30 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 52.20% | 8.04% | 12.48% | 24.47% |
| 2024-12-31 | 48.90% | 3.02% | 5.24% | 8.56% |
| 2023-12-31 | 50.93% | 1.32% | 2.25% | 1.94% |
| 2022-12-31 | 41.65% | -13.26% | -28.42% | -43.53% |
| 2021-12-31 | 39.13% | -20.56% | -27.57% | - |
| 2020-12-31 | 30.83% | -36.98% | -47.31% | - |
| 2019-12-31 | 27.81% | -67.24% | -124.74% | - |
| 2018-12-31 | 1.78% | -116.24% | 401.43% | - |
| 2017-12-31 | 21.08% | -135.32% | -117.96% | - |
| 2016-12-31 | 32.71% | -64.47% | 177.37% | - |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $10.57B | - |
| 2024-12-31 | $8.62B | - |
| 2023-12-31 | $5.36B | - |
| 2022-12-31 | $6.89B | - |
| 2021-12-31 | $10.16B | - |
| 2020-12-31 | $6.29B | - |
| 2019-12-31 | $3.22B | - |
| 2018-12-31 | $1.00B | $1.03M |
| 2017-12-31 | $1.37B | - |
| 2016-12-31 | $170.08M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $4.51B | $625.00M |
| 2024-12-31 | $2.96B | $715.84M |
| 2023-12-31 | $1.84B | $685.03M |
| 2022-12-31 | $-1.98B | $705.90M |
| 2021-12-31 | $-563.53M | $470.32M |
| 2020-12-31 | $219.59M | $290.25M |
| 2019-12-31 | $-169.98M | $117.07M |
| 2018-12-31 | $-672.56M | $58.12M |
| 2017-12-31 | $-326.59M | $28.64M |
| 2016-12-31 | $-118.80M | $28.84M |
Dividend history
- Most recent payment
- 2017-02-13
| Payment date | Dividend per share |
|---|
| 2017-02-13 | $0.44 |
| 2016-11-08 | $0.41 |
| 2016-08-10 | $0.41 |
| 2016-05-11 | $0.41 |
| 2016-02-10 | $0.41 |
| 2015-11-10 | $0.37 |
| 2015-08-10 | $0.37 |
| 2015-05-11 | $0.37 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-10
- Consensus EPS estimate
- $0.84
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-11 | Jun/2026 | $0.78 |
| 2026-05-12 | - | - |
| 2026-03-03 | - | - |
| 2025-11-11 | - | - |
| 2025-08-12 | - | - |
| 2025-05-13 | - | - |
| 2025-03-04 | - | - |
| 2024-11-12 | - | - |
Filings and sources
- Company website
- sea.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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