Sea Limited income statement & cash flow

Ticker SE · SEC CIK 1703399 · Latest fiscal year ended Dec 31, 2025

In the fiscal year ended Dec 31, 2025, Sea Limited reported net income of $1.58B on revenue of $22.94B. Operating cash flow was $5.02B and capital expenditures were $513.81M, leaving $4.51B of free cash flow (operating cash flow minus capital expenditures).

Sea Limited net income by fiscal year, USD. Hover a bar for the exact figure.

Income statement and cash flow summary

Fiscal year ended	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue (USD)	$345.67M	$414.19M	$826.97M	$2.18B	$4.38B	$9.96B	$12.45B	$13.06B	$16.82B	$22.94B
Gross profit (USD)	$113.07M	$87.31M	$14.76M	$604.92M	$1.35B	$3.90B	$5.19B	$5.83B	$7.21B	$10.24B
Operating income (USD)	−$205.39M	−$502.36M	−$988.77M	−$891.23M	−$1.30B	−$1.58B	−$1.49B	$224.78M	$662.15M	$1.99B
Net income (USD)	−$222.87M	−$560.49M	−$961.24M	−$1.46B	−$1.62B	−$2.05B	−$1.65B	$150.73M	$444.32M	$1.58B
Diluted EPS (USD per share)	—	—	—	−$3.35	−$3.39	−$3.84	−$2.96	$0.25	$0.74	$2.52
Operating cash flow (USD)	−$101.82M	−$259.23M	−$495.22M	$69.86M	$555.87M	$208.65M	−$1.06B	$2.08B	$3.28B	$5.02B
Capital expenditures (USD)	$16.98M	$67.36M	$177.34M	$239.84M	$336.27M	$772.18M	$924.18M	$241.60M	$318.15M	$513.81M
Reported in	20-F 2019	20-F 2020	20-F 2021	20-F 2022	20-F 2023	20-F 2024	20-F 2025	20-F 2026	20-F 2026	20-F 2026

Columns are fiscal years, labeled by the month the year ended; scroll sideways on small screens. — means the company did not report the figure under the XBRL concepts we track.

Margins

Each figure divided by revenue for the same fiscal year.

Fiscal year ended	Gross margin	Operating margin	Net margin
Dec 2025	44.7%	8.7%	6.9%
Dec 2024	42.8%	3.9%	2.6%
Dec 2023	44.7%	1.7%	1.2%
Dec 2022	41.6%	-11.9%	-13.3%
Dec 2021	39.1%	-15.9%	-20.6%

Sea Limited operating cash flow by fiscal year, USD. Hover a bar for the exact figure.

Source: SEC EDGAR XBRL company facts for CIK 1703399 (raw data). Most recent filing in this dataset: 20-F filed Apr 17, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.