Financials in USD. Standardized financial statements.
A compact view of how Sea Limited turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $22.94B | $16.82B | $13.06B | $12.45B | $9.96B | $4.38B | $2.18B | $826.97M | $414.19M | $345.67M |
| Revenue Growth? | +36.4% | +28.8% | +4.9% | +25.1% | +127.5% | +101.1% | +163.1% | +99.7% | +19.8% | 0.0% |
| Cost of Revenue? | $12.69B | $9.61B | $7.23B | $7.26B | $6.06B | $3.03B | $1.57B | $812.21M | $326.88M | $232.60M |
| Gross Profit? | $10.24B | $7.21B | $5.83B | $5.19B | $3.90B | $1.35B | $604.92M | $14.76M | $87.31M | $113.07M |
| Gross Margin? | +44.7% | +42.8% | +44.7% | +41.6% | +39.1% | +30.8% | +27.8% | +1.8% | +21.1% | +32.7% |
| Operating Expenses? | $8.38B | $6.54B | $5.61B | $6.67B | $5.48B | $2.65B | $1.50B | $1.00B | $589.67M | $318.46M |
| Operating Income? | $1.86B | $662.15M | $224.78M | -$1.49B | -$1.58B | -$1.30B | -$891.23M | -$988.77M | -$502.36M | -$205.39M |
| EBITDA? | $1.86B | $1.05B | $783.50M | -$704.22M | -$1.30B | -$1.12B | -$769.60M | -$904.87M | -$460.51M | -$160.27M |
| Income Before Tax | $2.26B | $769.00M | $425.36M | -$1.49B | -$1.71B | -$1.48B | -$1.37B | -$956.95M | -$550.42M | -$216.41M |
| Income Tax Expense | $651.08M | $321.17M | $262.68M | $168.40M | $332.87M | $141.64M | $85.86M | $4.09M | $10.74M | $8.55M |
| Net Income? | $1.58B | $444.32M | $150.73M | -$1.65B | -$2.05B | -$1.62B | -$1.46B | -$961.24M | -$560.49M | -$222.87M |
| EPS? | $2.65 | $0.77 | $0.27 | $-2.96 | $-3.84 | $-3.39 | $-3.35 | $-2.84 | $-2.73 | $-0.69 |
| Diluted EPS? | $2.52 | $0.73 | $0.25 | $-2.96 | $-3.84 | $-3.39 | $-3.35 | $-2.84 | $-2.73 | $-0.69 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality