- US-listed companies
- Sea Ltd
- Income statement
Sea Ltd (SE) Income statement
Market cap
P/E ratio
| 2017/12 | 2018/12 | 2019/12 | 2020/12 | 2021/12 | 2022/12 | 2023/12 | 2024/12 | 2025/12 | |
| Revenue | 414 | 827 | 2,175 | 4,376 | 9,955 | 12,450 | 13,064 | 16,820 | 22,938 |
| Revenue growth (%) | - | ||||||||
| Cost of revenue | 327 | 812 | 1,570 | 3,027 | 6,059 | 7,264 | 7,230 | 9,615 | 12,695 |
| Gross profit | 87 | 15 | 605 | 1,349 | 3,896 | 5,185 | 5,834 | 7,205 | 10,244 |
| Gross margin (%) | |||||||||
| Research & development | 29 | 68 | 157 | 354 | 832 | 1,377 | 1,164 | 1,206 | 1,157 |
| Operating margin (%) | |||||||||
| Operating expenses | 590 | 1,004 | 1,496 | 2,652 | 5,479 | 6,673 | 5,609 | 6,543 | 8,258 |
| Operating income | -502 | -989 | -891 | -1,303 | -1,583 | -1,488 | 225 | 662 | 1,985 |
| Income before tax | -549 | -954 | -1,369 | -1,483 | -1,715 | -1,501 | 432 | 779 | 2,281 |
| Pretax margin (%) | -132.4 | -115.3 | -62.9 | -33.9 | -17.2 | -12.1 | 3.3 | 4.6 | 9.9 |
| Provision for income taxes | 11 | 4 | 86 | 142 | 333 | 168 | 263 | 321 | 651 |
| Effective tax rate (%) | |||||||||
| Net income | -560 | -961 | -1,458 | -1,618 | -2,043 | -1,651 | 163 | 448 | 1,611 |
| Net income margin (%) | |||||||||
| Earnings per share | - | - | - | - | -3.84 | -2.96 | 0.27 | 0.77 | 2.65 |
| Diluted EPS | - | - | - | - | -3.84 | -2.96 | 0.25 | 0.74 | 2.52 |
| EBITDA | - | - | - | - | - | ||||
| EBITDA margin (%) | - | - | - | - | - |