Sea revenue and financials
$97.23Change from previous close: +2.14%Absolute change: +$2.04
In the fiscal year ended December 2025, Sea reported revenue of $22.94B (+36.38% year over year). Net income was $1.58B, a net margin of 6.9%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +36.38%
- 2025 vs 2024
- Net income growth
- +255.18%
- 2025 vs 2024
- Net margin
- 6.9%
- 2024: 2.6%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 22,938 | 16,820 | 13,064 | 12,450 | 9,955 | 4,376 | 2,175 | 827 | 414 | 346 |
| Cost of revenue | 12,695 | 9,615 | 7,230 | 7,264 | 6,059 | 3,027 | 1,570 | 812 | 327 | 233 |
| Gross profit | 10,244 | 7,205 | 5,834 | 5,185 | 3,896 | 1,349 | 605 | 14.8 | 87.3 | 113 |
| Selling, general and administrative | 5,850 | 4,740 | 3,914 | 4,707 | 4,818 | — | — | — | — | — |
| Research and development | 1,157 | 1,206 | 1,164 | 1,377 | 832 | 354 | 157 | 67.5 | 29.3 | 20.8 |
| Operating income | 1,985 | 662 | 225 | -1,488 | -1,583 | -1,303 | -891 | -989 | -502 | -205 |
| EBIT | 1,985 | 662 | 343 | -1,133 | -1,583 | — | — | — | — | — |
| EBITDA | 2,357 | 1,052 | 783 | -704 | -1,304 | — | — | — | — | — |
| Interest expense | 33.6 | 38.3 | 41.1 | 45.4 | 137 | 124 | 48.2 | 31.3 | 26.5 | 0.0 |
| Pre-tax income | 2,262 | 769 | 425 | -1,489 | -1,710 | — | — | — | — | — |
| Income tax | 651 | 321 | 263 | 168 | 333 | 142 | 85.9 | 4.1 | 10.7 | 8.5 |
| Net income | 1,578 | 444 | 151 | -1,651 | -2,047 | -1,618 | -1,463 | -961 | -560 | -223 |
| Net income to common shareholders | 1,578 | 444 | 151 | -1,651 | -2,047 | — | — | — | — | — |
| Basic EPS | 2.65 | 0.77 | 0.27 | -2.96 | -3.84 | -3.39 | -3.35 | — | — | — |
| Diluted EPS | 2.52 | 0.74 | 0.25 | -2.96 | -3.84 | -3.39 | -3.35 | — | — | — |
| Average shares (basic) | 595 | 575 | 567 | 558 | 533 | — | — | — | — | — |
| Average shares (diluted) | 638 | 605 | 594 | 558 | 533 | 477 | 437 | — | — | — |