Sea revenue and financials
$96.53Change from previous close: −0.33%Absolute change: −$0.32
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,506 | 1,058 | 1,476 | 1,175 | 1,616 | 757 | 1,021 | 1,170 | 618 | 468 | 279 | 600 |
| Depreciation and amortization | -102 | 102 | 372 | — | -88.9 | 88.9 | 390 | — | -102 | 102 | 441 | — |
| Capital expenditure | -356 | -139 | -163 | -135 | -216 | — | -89.2 | -138 | -64.0 | -27.0 | -64.6 | -44.0 |
| Investing cash flow | -1,925 | -1,604 | -1,154 | -623 | -1,517 | -1,115 | -1,761 | -1,716 | -710 | -854 | -1,049 | -888 |
| Financing cash flow | 152 | 480 | 1,006 | 289 | 54.2 | 274 | 700 | 558 | 243 | 184 | 183 | 124 |
| Share repurchases | -414 | -164 | -14.0 | — | — | — | — | — | — | — | — | — |
| Debt issued | 260 | 180 | 509 | -118 | 118 | — | 142 | 43.0 | — | — | 224 | — |
| Debt repaid | — | -54.0 | -147 | -165 | -94.0 | -139 | -159 | 47.0 | -102 | -144 | -259 | — |
| Effect of exchange rates | -41.8 | -54.2 | 24.2 | -49.2 | 106 | 17.8 | -145 | 179 | -44.8 | -72.8 | 68.3 | -54.2 |
| Net change in cash | -308 | -120 | 1,353 | 792 | 259 | -65.6 | -185 | 191 | 106 | -274 | -518 | -218 |
| Free cash flow | 1,150 | 919 | 1,314 | 1,040 | 1,400 | 757 | 932 | 1,032 | 554 | 441 | 214 | 556 |
| Levered free cash flow | -664 | 302 | 859 | 236 | 2.9 | -71.8 | 1,341 | 254 | 340 | 112 | 1,510 | 294 |