Income Statement - Sea Ltd (SE)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 22,938.47 | 16,819.87 | 13,063.56 | 12,449.71 | 9,955.19 | 4,375.66 | 2,175.38 | 826.97 | 414.19 | 345.67 | 292.12 | 160.76 |
| Cost of revenue | 12,694.73 | 9,614.78 | 7,229.91 | 7,264.43 | 6,059.46 | 3,026.76 | 1,570.46 | 812.21 | 326.88 | 232.60 | 184.30 | 124.57 |
| Gross profit | 10,243.74 | 7,205.09 | 5,833.65 | 5,185.28 | 3,895.74 | 1,348.91 | 604.92 | 14.76 | 87.31 | 113.07 | 107.83 | 36.18 |
| Total operating expenses | 8,379.76 | 6,542.94 | 5,608.87 | 6,672.79 | 5,478.80 | 2,652.23 | 1,496.15 | 1,003.53 | 589.67 | 318.46 | 190.89 | 124.06 |
| Operating income | 1,863.98 | 662.15 | 224.78 | -1,487.51 | -1,583.06 | -1,303.33 | -891.23 | -988.77 | -502.36 | -205.39 | -83.06 | -87.88 |
| Non-operating income (net) | 398.00 | 106.84 | 200.58 | -1.87 | -127.11 | -179.19 | -480.63 | 31.82 | -48.07 | -11.02 | -12.55 | -0.48 |
| Income before tax | 2,261.98 | 769.00 | 425.36 | -1,489.38 | -1,710.17 | -1,482.52 | -1,371.86 | -956.95 | -550.42 | -216.41 | -95.61 | -88.36 |
| Income tax expense | 651.08 | 321.17 | 262.68 | 168.40 | 332.87 | 141.64 | 85.86 | 4.09 | 10.75 | 8.55 | 11.73 | 2.52 |
| Net income | 1,578.15 | 444.32 | 150.73 | -1,651.42 | -2,046.76 | -1,618.06 | -1,462.80 | -961.24 | -560.49 | -222.87 | -103.37 | -88.38 |
Show Quarterly Income Statement
Income Statement - Sea Ltd (SE)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 7,097.49 | 6,851.87 | 5,986.02 | 5,259.48 | 4,841.10 | 4,950.44 | 4,328.23 | 3,806.87 | 3,734.33 | 3,726.17 | 3,310.17 | 3,095.66 | 3,041.10 | 3,451.58 | 3,155.95 | 2,942.60 | 2,899.57 | 3,222.11 | 2,688.88 | 2,280.55 | 1,763.64 | 1,566.55 | 1,212.16 | 882.03 | 714.92 | 777.22 | 610.14 | 436.15 | 351.87 | 283.22 | 204.92 | 183.78 | 155.04 | 124.60 | 94.09 | 101.55 | 93.95 | 88.46 | 90.52 | 90.13 | 76.56 | 295.19 |
| Cost of revenue | 3,951.91 | 3,853.49 | 3,386.67 | 2,849.67 | 2,604.91 | 2,744.98 | 2,467.17 | 2,222.05 | 2,180.58 | 2,175.81 | 1,868.88 | 1,644.78 | 1,624.41 | 1,754.27 | 1,928.23 | 1,852.38 | 1,729.54 | 1,911.39 | 1,680.18 | 1,349.65 | 1,118.24 | 1,032.84 | 804.59 | 681.21 | 508.12 | 512.37 | 406.97 | 338.71 | 312.41 | 291.18 | 199.31 | 175.20 | 146.52 | 101.06 | 83.28 | 75.71 | 66.84 | 63.18 | 58.75 | 55.78 | 54.89 | 160.26 |
| Gross profit | 3,145.58 | 2,998.38 | 2,599.35 | 2,409.81 | 2,236.19 | 2,205.46 | 1,861.06 | 1,584.82 | 1,553.75 | 1,550.35 | 1,441.29 | 1,450.88 | 1,416.69 | 1,697.31 | 1,227.72 | 1,090.22 | 1,170.03 | 1,310.73 | 1,008.70 | 930.89 | 645.41 | 533.71 | 407.57 | 200.83 | 206.80 | 264.85 | 203.17 | 97.44 | 39.46 | -7.96 | 5.61 | 8.58 | 8.53 | 23.55 | 10.82 | 25.84 | 27.11 | 25.28 | 31.77 | 34.34 | 21.67 | 107.83 |
| Total operating expenses | 2,580.20 | 2,460.65 | 2,123.41 | 1,922.09 | 1,779.79 | 1,899.71 | 1,658.65 | 1,501.92 | 1,482.66 | 1,523.30 | 1,569.03 | 1,167.07 | 1,291.47 | 1,176.79 | 1,723.36 | 1,926.91 | 1,668.06 | 1,752.80 | 1,467.26 | 1,264.91 | 993.82 | 891.04 | 713.04 | 573.63 | 474.52 | 494.90 | 390.63 | 331.96 | 278.66 | 317.00 | 251.81 | 228.10 | 206.62 | 214.69 | 171.54 | 108.31 | 95.14 | 108.44 | 84.69 | 71.19 | 54.15 | 370.44 |
| Operating income | 565.39 | 537.73 | 475.95 | 487.72 | 456.40 | 305.75 | 202.42 | 82.89 | 71.09 | 27.06 | -127.74 | 283.81 | 125.22 | 523.58 | -495.64 | -836.70 | -498.03 | -442.08 | -458.56 | -334.02 | -348.41 | -357.33 | -305.47 | -372.81 | -267.72 | -230.05 | -187.46 | -234.52 | -239.21 | -324.96 | -246.20 | -219.52 | -198.09 | -191.14 | -160.72 | -82.47 | -68.03 | -83.15 | -52.91 | -36.84 | -32.48 | -78.32 |
| Non-operating income (net) | 86.83 | 82.76 | 60.14 | 70.54 | 90.74 | 21.04 | 43.51 | 57.63 | -15.33 | 28.58 | 45.44 | 109.38 | 23.97 | -145.74 | -8.35 | -29.73 | -0.30 | -71.00 | -11.39 | -24.46 | -22.65 | -124.46 | -73.37 | 7.09 | 10.17 | -15.86 | 8.74 | -30.30 | -443.20 | 51.89 | 30.20 | 470.48 | -18.83 | -63.27 | 25.74 | -7.42 | -3.11 | 9.87 | -9.16 | -7.86 | -3.88 | -17.29 |
| Income before tax | 652.22 | 620.49 | 536.08 | 558.26 | 547.14 | 326.79 | 245.92 | 140.52 | 55.76 | 55.64 | -82.30 | 393.20 | 149.19 | 377.84 | -504.00 | -866.43 | -498.33 | -513.07 | -469.94 | -358.48 | -371.07 | -481.78 | -378.85 | -365.71 | -257.55 | -245.91 | -178.73 | -264.82 | -682.40 | -273.07 | -216.00 | 250.96 | -216.92 | -254.41 | -134.98 | -89.89 | -71.14 | -73.28 | -62.07 | -44.70 | -36.36 | -95.61 |
| Income tax expense | 214.00 | 209.61 | 161.10 | 144.06 | 136.32 | 89.20 | 92.60 | 60.61 | 78.76 | 78.59 | 61.68 | 62.21 | 61.90 | -43.46 | 65.28 | 64.77 | 81.81 | 105.61 | 101.04 | 75.19 | 51.03 | 44.17 | 46.42 | 27.82 | 23.24 | 36.01 | 27.37 | 15.28 | 7.21 | 2.99 | 2.02 | 0.17 | -0.76 | 8.73 | -2.15 | 2.23 | 1.93 | -1.05 | 3.52 | 4.24 | 1.83 | 11.73 |
| Net income | 427.94 | 397.10 | 372.04 | 414.20 | 403.05 | 237.31 | 153.32 | 79.91 | -23.66 | -23.61 | -143.98 | 330.98 | 88.08 | 426.80 | -569.28 | -931.20 | -579.81 | -617.61 | -573.02 | -433.44 | -422.69 | -523.59 | -419.99 | -392.96 | -281.51 | -283.79 | -207.59 | -281.07 | -690.36 | -276.62 | -218.30 | -250.70 | -215.61 | -262.66 | -132.68 | -92.06 | -73.09 | -72.24 | -64.93 | -48.45 | -37.25 | -103.37 |