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MARKETS / SE
SERVICES-MISCELLANEOUS BUSINESS SERVICES · LARGE CAP

Sea Ltd. SE

11 fiscal years on record · USD · FY2025 reported · SEC filings only
$22.9B
▲ 36.4% YoY
$1.6B
▲ 255.2% YoY
$4.5B
▲ 52.4% YoY
In brief

What this company does

Sea operates three core businesses of e-commerce, digital financial services, and digital entertainment: Shopee, Monee and Garena. Shopee is a mobile-centric, social-focused e-commerce marketplace with integrated payment, logistics and fulfillment infrastructure and comprehensive services offered to buyers and sellers. It monetizes Shopee mainly by offering sellers paid advertising services, charging transaction-based fees, and charging for certain value-added services, including logistics. Shopee's GMV for the year ended December 31, 2025 was US$127.4 billion, with gross orders totaling 13.9 billion. Monee offers consumer and SME credit, e-wallet, payment processing, banking, insurtech, and wealth services. Garena provides users with access to mobile and PC online games that it develops, curates, licenses and localizes for each market.

Written from the business description in Sea Limited's annual report to the U.S. Securities and Exchange Commission, filed 17 April 2026. Every sentence was checked against that document before publication.

Growth
USD 22.9B
Revenue, FY2025 · full 11-year series below
Revenue $B Net income $B
FY2025 · Revenue 22.9 · Net income 1.6
8B16B201520172019202120232025
Compound annual growth
+22.6%
+39.3%
+54.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +39.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
7 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 8.7% · Net 7.0%
-50%-100%201520172019202120232025
ROE
FY2025 · ROE 15.1%
-500%201520172019202120232025

Each USD of equity produced 15 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 4.5
2.0B4.0B-0.8B-1.6B201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks -42.8
-50M-100M202320242025

Total assetsUSD 29.4B
EquityUSD 12.5B
CashUSD 4.2B
Current ratio1.58×

Equity funds 43% of total assets.

The 11-year record
11 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015
Revenue $B22.916.813.112.410.04.42.20.80.40.30.3
Operating income $B2.00.70.2−1.5−1.6−1.3−0.9−1.0−0.5−0.2−0.1
EBITDA $B2.41.10.7−1.1−1.3−1.1−0.8−0.9−0.5−0.2−0.1
Income tax $B0.70.30.30.20.30.10.10.00.00.00.0
Net income $B1.60.40.2−1.7−2.0−1.6−1.5−1.0−0.6−0.2−0.1
Free cash flow $B4.53.01.8−2.0−0.60.2−0.2−0.7−0.3−0.1−0.1
EPS, diluted $2.520.740.25−2.96−3.84−3.39−3.35−2.84−2.72−1.30−0.63
Dividend / sh $···········
Payout %···········
ROE %15.15.92.4−25.2−38.0−71.2−318.2−851.1−326.5··
Shares out B········0.000.18·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 53 reconciliationsAUDITED

Reconciled in 11 of 19 fiscal years. 42 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Miscellaneous Business Services
Listed onnot stated in the filings
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2015

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