Sea LtdSEEarnings & Financial Report
Sea Limited is a tech conglomerate headquartered in Singapore. It is listed on the New York Stock Exchange, with revenue of US$16.8 billion (2024). Sea currently functions as a holding company for Garena, Monee and Shopee, the largest e-commerce platform in Southeast Asia.
SE Q4 2025 Key Financial Metrics
营收
$22.9B
毛利润
$10.2B
营业利润
$2.0B
净利润
$1.6B
毛利率
44.7%
营业利润率
8.7%
净利率
7.0%
同比增长
363.4%
EPS
$2.52
资金流向
Sea Ltd Q4 2025 Financial Summary
Sea Ltd reported revenue of $22.9B (up 363.4% YoY) for Q4 2025, with a net profit of $1.6B (7.0% margin). Cost of goods sold was $12.7B, operating expenses totaled $8.3B.
Key Financial Metrics
| Total Revenue | $22.9B |
|---|---|
| Net Profit | $1.6B |
| Gross Margin | 44.7% |
| Operating Margin | 8.7% |
| Report Period | Q4 2025 |
Sea Ltd Annual Revenue by Year
Sea Ltd annual revenue history includes year-by-year totals (for example, 2025 revenue was $39.0B). Click any linked year to see what changed vs the prior 10-K.
Sea Ltd Quarterly Revenue & Net Profit History
Sea Ltd quarterly results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $22.9B | +363.4% | $1.6B | 7.0% |
| Q3 2025 | $6.0B | +38.3% | $375.0M | 6.3% |
| Q2 2025 | $5.3B | +38.2% | $414.2M | 7.9% |
| Q1 2025 | $4.8B | +29.6% | $-7.8M | -0.2% |
| Q4 2024 | $5.0B | +189.0% | N/A | N/A |
| Q3 2024 | $4.3B | -54.2% | N/A | N/A |
| Q2 2024 | $3.8B | -38.0% | N/A | N/A |
| Q1 2024 | $3.7B | +22.8% | $-23.0M | -0.6% |
利润表
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| 营收 | $3.73B | $3.81B | $4.33B | $4.95B | $4.84B | $5.26B | $5.99B | $22.94B |
| 同比增长 | 22.8% | -38.0% | -54.2% | 189.0% | 29.6% | 38.2% | 38.3% | 363.4% |
资产负债表
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| 总资产 | N/A | N/A | N/A | $22.63B | N/A | N/A | N/A | $29.37B |
| 总负债 | N/A | N/A | N/A | $14.15B | N/A | N/A | N/A | $16.72B |
| 股东权益 | N/A | N/A | N/A | $8.37B | N/A | N/A | N/A | $12.65B |
现金流量表
| Q1 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|
| 经营性现金流 | $468.5M | $756.9M | $2.37B | $3.55B | $5.02B |