Sea Limited Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	22,939	16,820	13,064	12,450	9,955
Revenue Growth (YoY)	36.38%	28.75%	4.93%	25.06%	127.51%
Cost of Revenue	12,695	9,615	7,230	7,264	6,059
Gross Profit	10,244	7,205	5,834	5,185	3,896
Selling, General & Admin	5,850	4,740	3,914	4,707	4,818
Research & Development	1,157	1,206	1,164	1,377	831.7
Other Operating Expenses	1,251	596.49	530.8	589.45	-170.52
Total Operating Expenses	8,258	6,543	5,609	6,673	5,479
Operating Income	1,985	662.15	224.78	-1,488	-1,583
Interest Income	331.07	365.82	331.31	115.52	36.08
Interest Expense	-33.61	-38.34	-41.08	-45.4	-136.88
Other Non-Operating Income (Expense)	-20.79	-220.63	-89.65	-71.99	-26.31
Total Non-Operating Income (Expense)	276.67	106.84	200.58	-1.87	-127.11
Pretax Income	2,262	769	425.36	-1,489	-1,710
Provision for Income Taxes	651.08	321.17	262.68	168.4	332.87
Net Income	1,578	444.32	150.73	-1,651	-2,047
Minority Interest in Earnings	32.75	3.51	11.96	-6.35	3.73
Net Income to Common	1,578	444.32	150.73	-1,651	-2,047
Net Income Growth	255.18%	194.79%	-	-	-
Shares Outstanding (Basic)	595	575	567	558	533
Shares Outstanding (Diluted)	638	605	594	558	533
Shares Change (YoY)	5.54%	1.73%	6.50%	4.77%	11.62%
EPS (Basic)	2.65	0.77	0.27	-2.96	-3.84
EPS (Diluted)	2.52	0.74	0.25	-2.96	-3.84
EPS Growth	240.54%	196.00%	-	-	-
Shares Outstanding	589.11	589.11	572.34	564.76	557.74
Free Cash Flow	5,025	2,959	1,838	-1,980	-563.53
Free Cash Flow Growth	69.79%	61.00%	-	-	-
Free Cash Flow Per Share	7.87	4.89	3.09	-3.55	-1.06
Gross Margin	44.66%	42.84%	44.66%	41.65%	39.13%
Operating Margin	8.65%	3.94%	1.72%	-11.95%	-15.90%
Profit Margin	7.02%	2.66%	1.25%	-13.32%	-20.52%
FCF Margin	21.90%	17.59%	14.07%	-15.90%	-5.66%
EBITDA	1,985	1,052	665.62	-1,059	-1,304
EBITDA Margin	8.65%	6.25%	5.10%	-8.51%	-13.10%
EBIT	1,985	662.15	224.78	-1,488	-1,583
EBIT Margin	8.65%	3.94%	1.72%	-11.95%	-15.90%
Effective Tax Rate	28.78%	41.76%	61.75%	-11.31%	-19.46%

Updated Mar 3, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q