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.
- Ticker
- SE
- Exchange
- NYSE
- Sector
- Consumer Cyclical
- Industry
- Internet Retail
- Market cap
- $45.06B
- 52-week range
- $71.53 - $159.80
Valuation
- Share price
- $75.73 (close of Nov 6, 2026)
- P/E (TTM)
- 28.58x
- Price to book
- 3.56x
- Price to free cash flow
- 9.99x
- Enterprise value
- $37.86B
- Book value per share
- $21.26
Price performance
| Period | Change |
|---|---|
| 1 day | +0.13% |
| 5 days | +2.01% |
| 1 month | -21.55% |
| 3 months | -31.77% |
| 6 months | -15.87% |
| Year to date | -40.64% |
| 1 year | -50.68% |
| 3 years | +70.29% |
| 5 years | -78.83% |
| All time | +365.74% |
Short interest
- As of
- Oct 15, 2026
- Short % of float
- 2.51%
- Shares short
- 8.21M
- Days to cover
- 1.70
- Change since prior report
- -19.76%
- Source
- FINRA consolidated short interest
Members of Congress who disclosed SE trades
Josh Gottheimer · Lisa McClain · Robert Bresnahan
Super investors holding SE
Chase Coleman (Tiger Global Management) · Andreas Halvorsen (Viking Global Investors) · Christopher Davis (Davis Selected Advisers) · Ray Dalio (Bridgewater Associates) · Stanley Druckenmiller (Duquesne Family Office) · Howard Marks (Oaktree Capital Management) · Stephen Mandel (Lone Pine Capital LLC) · Ken Griffin (Citadel) · Polen Capital Mgmt (Polen Capital Management LLC) · Dodge & Cox (Dodge & Cox Funds)
Profitability and growth
- Return on equity
- 12.48%
- Return on invested capital
- 8.33%
- 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)
- 10.01%
- Current ratio
- 1.58x
- Net debt to EBITDA
- -2.68x
Latest reported year
- Period end
- Dec 31, 2025
- 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% | 8.33% |
| 2024-12-31 | 48.90% | 3.02% | 5.24% | 2.71% |
| 2023-12-31 | 50.93% | 1.32% | 2.25% | 1.01% |
| 2022-12-31 | 41.65% | -13.26% | -28.42% | -14.43% |
| 2021-12-31 | 39.13% | -20.56% | -27.57% | -13.66% |
| 2020-12-31 | 30.83% | -36.98% | -47.31% | -23.64% |
| 2019-12-31 | 27.81% | -67.24% | -124.74% | -32.22% |
| 2018-12-31 | 1.78% | -116.24% | - | - |
| 2017-12-31 | 21.08% | -135.32% | -117.96% | -41.72% |
| 2016-12-31 | 32.71% | -64.47% | - | - |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $10.57B | - |
| 2024-12-31 | $8.62B | $1.48B |
| 2023-12-31 | $5.36B | $2.95B |
| 2022-12-31 | $6.89B | $3.34B |
| 2021-12-31 | $10.16B | $3.48B |
| 2020-12-31 | $6.29B | $1.84B |
| 2019-12-31 | $3.22B | $1.36B |
| 2018-12-31 | $1.00B | $1.03M |
| 2017-12-31 | $1.37B | $726.95M |
| 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 |
Investor relations
Next earnings report
- Next confirmed report
- Nov 10, 2026
- Consensus EPS estimate
- $0.79
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-08-11 | Jun 2026 | $0.78 |
| 2026-05-12 | Mar 2026 | $0.71 |
| 2026-03-03 | Dec 2025 | $0.63 |
| 2025-11-11 | Sep 2025 | $0.75 |
| 2025-08-12 | Jun 2025 | $0.72 |
| 2025-05-13 | Mar 2025 | $0.61 |
| 2025-03-04 | Dec 2024 | $0.44 |
| 2024-11-12 | Sep 2024 | $0.29 |
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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Understanding these figures
Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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