Sea Limited (SE) balance sheet
NYSE · Consumer Cyclical · Specialty Retail · 102,700 employees · CEO Xiaodong Li
- Price
- $74.24 -3.02%
- Market cap
- $45.5B
- Enterprise value
- $46.1B
- Last report
- Q2 '26 filed 2026-08-11
- Next report
- 2026-11-10 EPS est. $0.97
At the end of Q2 '26 Sea Limited (SE) held $9.1B in cash and short-term investments against $4.13B of debt incl. leases. Total assets $32B, total liabilities $19B, shareholders' equity $12.9B.
Balance sheet
| Balance sheet | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $3.22B | $2.81B | $2.46B | $2.65B | $2.54B | $2.41B | $2.18B | $2.17B | $3.07B | $6.38B | $6.26B | $3.53B | |
| Short-term investments | $2.76B | $2.55B | $2.94B | $3.39B | $5.37B | $6.22B | $6.24B | $7.24B | $6.83B | $6.41B | $6.51B | $5.57B | |
| Receivables | $2.31B | $4.38B | $3.28B | $3.46B | $4.23B | $6B | $5.51B | $6.27B | $7.18B | $8.26B | $8.87B | $9.8B | |
| Inventory | $116M | $125M | $142M | $158M | $201M | $143M | $173M | $169M | $209M | $223M | $229M | $273M | |
| Other current assets | $3.56B | $1.78B | $3.56B | $3.23B | $3.21B | $1.96B | $3.67B | $3.89B | $3.8B | $1.98B | $2.08B | $2.41B | |
| Current assets | $12B | $11.8B | $12.4B | $12.9B | $15.6B | $16.9B | $17.8B | $19.7B | $21.1B | $23.2B | $23.9B | $24.1B | |
| Property, plant & equipment (net) | $2.24B | $2.25B | $2.06B | $2.19B | $2.33B | $2.15B | $2.25B | $2.37B | $2.52B | $2.73B | $2.84B | $3.42B | |
| Long-term investments | $3.16B | $4.26B | $4.02B | $3.77B | $2.97B | $2.69B | $2.83B | $2.12B | $1.83B | $2.49B | $2.83B | $2.76B | |
| Goodwill | $112M | $113M | $110M | $106M | $114M | $108M | $106M | $108M | $105M | $104M | $103M | $99M | |
| Intangible assets | $61.5M | $50.8M | $42.9M | $35.7M | $30.8M | $27.3M | $20.6M | $15.3M | $15.8M | $12.2M | $9.26M | $6.97M | |
| Deferred tax assets | $311M | $329M | $331M | $402M | $481M | $517M | $513M | $602M | $607M | $596M | $610M | $0 | |
| Other non-current assets | $160M | $106M | $147M | $187M | $209M | $269M | $347M | $482M | $595M | $186M | $268M | $1.67B | |
| Non-current assets | $6.05B | $7.11B | $6.71B | $6.69B | $6.14B | $5.77B | $6.06B | $5.7B | $5.67B | $6.12B | $6.65B | $7.96B | |
| Total assets | $18B | $18.9B | $19.1B | $19.6B | $21.7B | $22.6B | $23.8B | $25.4B | $26.8B | $29.4B | $30.6B | $32B | |
| Liabilities | |||||||||||||
| Accounts payable | $268M | $343M | $280M | $294M | $275M | $350M | $321M | $359M | $480M | $468M | $539M | $470M | |
| Accrued expenses | $1.6B | $1.39B | $1.82B | $1.8B | $2.15B | $1.6B | $2.16B | $2.42B | $2.63B | $0 | $0 | $3.45B | |
| Short-term debt | $91.6M | $298M | $257M | $222M | $295M | $1.28B | $1.27B | $1.36B | $2.56B | $1.7B | $1.65B | $1.31B | |
| Taxes payable | $194M | $224M | $122M | $82.8M | $107M | $440M | $158M | $176M | $188M | $0 | $0 | $0 | |
| Deferred revenue | $1.19B | $1.21B | $1.2B | $1.3B | $1.48B | $1.41B | $1.63B | $1.77B | $1.98B | $5.06B | $5.27B | $0 | |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.23B | $7.42B | $10.1B | |
| Current liabilities | $7.03B | $8.17B | $8.49B | $8.62B | $9.59B | $11.3B | $11.8B | $12.7B | $14.7B | $14.7B | $15.2B | $16.1B | |
| Long-term debt | $3.44B | $3.07B | $2.9B | $2.86B | $2.9B | $1.73B | $1.66B | $1.54B | $295M | $510M | $703M | $908M | |
| Lease obligations (non-current) | $795M | $800M | $732M | $863M | $896M | $813M | $908M | $968M | $1.05B | $1.12B | $1.23B | $1.46B | |
| Deferred revenue (non-current) | $101M | $72.6M | $122M | $118M | $98.1M | $110M | $189M | $178M | $160M | $130M | $234M | $198M | |
| Deferred tax liabilities | $502K | $133K | $307K | $358K | $268K | $408K | $1.17M | $19.4M | $30.6M | $175M | $196M | $223M | |
| Other non-current liabilities | $80.3M | $74.5M | $87.4M | $144M | $182M | $201M | $210M | $223M | $225M | $108M | $72.4M | $74.9M | |
| Non-current liabilities | $4.42B | $4.02B | $3.84B | $3.99B | $4.07B | $2.85B | $2.97B | $2.93B | $1.76B | $2.04B | $2.44B | $2.86B | |
| Total liabilities | $11.4B | $12.2B | $12.3B | $12.6B | $13.7B | $14.1B | $14.8B | $15.7B | $16.4B | $16.7B | $17.6B | $19B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $284K | $285K | $286K | $287K | $289K | $295K | $296K | $297K | $298K | $306K | $306K | $307K | |
| Retained earnings | -$8.49B | -$8.6B | -$8.62B | -$8.54B | -$8.38B | -$8.16B | -$7.75B | -$7.35B | -$6.97B | -$6.58B | -$6.16B | -$5.71B | |
| Accumulated other comprehensive income | -$201M | -$91M | -$176M | -$232M | $25.1M | -$193M | -$171M | -$18.4M | -$45.1M | $12.7M | -$85.2M | -$199M | |
| Shareholders' equity | $6.47B | $6.59B | $6.67B | $6.87B | $7.92B | $8.37B | $8.96B | $9.68B | $10.2B | $12.5B | $12.9B | $12.9B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $4.61B | $4.46B | $4.16B | $4.24B | $4.4B | $4.12B | $4.15B | $4.19B | $4.24B | $3.33B | $3.58B | $4.13B | |
| Net debt (debt - cash) | $1.39B | $1.65B | $1.7B | $1.6B | $1.86B | $1.72B | $1.97B | $2.03B | $1.18B | -$3.05B | -$2.67B | $597M | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $170M | $1.35B | $1B | $3.12B | $6.17B | $9.25B | $6.03B | $2.81B | $2.41B | $6.38B | |
| Short-term investments | $0 | $18M | $690K | $102M | $126M | $911M | $864M | $2.55B | $6.22B | $6.41B | |
| Receivables | $91.8M | $185M | $318M | $451M | $1.18B | $2.62B | $3.29B | $4.38B | $6B | $8.26B | |
| Inventory | $3.95M | $9.79M | $37.7M | $26.9M | $64.2M | $117M | $110M | $125M | $143M | $223M | |
| Other current assets | $36M | $136M | $326M | $667M | $1.32B | $2.1B | $2.26B | $1.78B | $1.96B | $1.98B | |
| Current assets | $310M | $1.72B | $1.71B | $4.41B | $8.94B | $15.1B | $12.7B | $11.8B | $16.9B | $23.2B | |
| Property, plant & equipment (net) | $32M | $74.3M | $192M | $502M | $621M | $1.68B | $2.35B | $2.22B | $2.15B | $2.73B | |
| Long-term investments | $45.1M | $28.2M | $111M | $114M | $190M | $1.05B | $1.25B | $4.26B | $2.69B | $2.49B | |
| Goodwill | $0 | $31M | $31M | $31M | $216M | $540M | $230M | $113M | $108M | $104M | |
| Intangible assets | $30M | $37.3M | $12.9M | $15M | $39.8M | $52.5M | $65M | $50.8M | $27.3M | $12.2M | |
| Deferred tax assets | $35.3M | $48.1M | $63.3M | $70.3M | $99.9M | $104M | $245M | $329M | $517M | $596M | |
| Other non-current assets | $33.6M | $48.6M | $71.4M | $82.3M | $349M | $192M | $175M | $130M | $269M | $186M | |
| Non-current assets | $176M | $268M | $482M | $814M | $1.52B | $3.62B | $4.31B | $7.11B | $5.77B | $6.12B | |
| Total assets | $486M | $1.99B | $2.19B | $5.22B | $10.5B | $18.8B | $17B | $18.9B | $22.6B | $29.4B | |
| Liabilities | |||||||||||
| Accounts payable | $5.99M | $8.64M | $37.2M | $69.4M | $122M | $214M | $259M | $343M | $350M | $468M | |
| Accrued expenses | $28.1M | $88.1M | $153M | $335M | $801M | $1.1B | $986M | $1.39B | $1.6B | $0 | |
| Short-term debt | $1.86M | $2.01M | $856K | $30.7M | $0 | $100M | $120M | $298M | $1.28B | $1.7B | |
| Taxes payable | $9.43M | $9.61M | $9.54M | $27.2M | $52.3M | $181M | $177M | $224M | $440M | $0 | |
| Deferred revenue | $138M | $295M | $456M | $1.16B | $2.31B | $2.64B | $1.54B | $1.21B | $1.41B | $5.06B | |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $12M | $0 | $0 | $7.23B | |
| Current liabilities | $264M | $638M | $1.19B | $2.36B | $4.64B | $7.18B | $6.94B | $8.17B | $11.3B | $14.7B | |
| Long-term debt | $0 | $727M | $1.06B | $1.36B | $1.84B | $3.48B | $3.34B | $3.07B | $1.73B | $510M | |
| Lease obligations (non-current) | $0 | $0 | $0 | $149M | $178M | $498M | $769M | $800M | $813M | $1.12B | |
| Deferred revenue (non-current) | $137M | $133M | $171M | $161M | $343M | $105M | $63.6M | $72.6M | $110M | $130M | |
| Deferred tax liabilities | $0 | $4.38M | $679K | $975K | $1.53M | $6.99M | $9.97M | $133K | $408K | $175M | |
| Other non-current liabilities | $210M | $10.6M | $10.9M | $21.5M | $36.2M | $69.3M | $75.3M | $74.5M | $201M | $108M | |
| Non-current liabilities | $348M | $875M | $1.25B | $1.69B | $2.4B | $4.16B | $4.26B | $4.02B | $2.85B | $2.04B | |
| Total liabilities | $611M | $1.51B | $2.43B | $4.05B | $7.04B | $11.3B | $11.2B | $12.2B | $14.1B | $16.7B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $88K | $167K | $170K | $230K | $255K | $278K | $281K | $285K | $295K | $306K | |
| Retained earnings | -$505M | -$1.11B | -$2.07B | -$3.53B | -$5.15B | -$7.2B | -$8.75B | -$8.6B | -$8.16B | -$6.58B | |
| Accumulated other comprehensive income | $8.63M | $10.7M | $15.2M | $5.5M | $7.04M | -$22.4M | -$98.7M | -$91M | -$193M | $12.7M | |
| Shareholders' equity | -$126M | $469M | -$243M | $1.16B | $3.38B | $7.4B | $5.72B | $6.59B | $8.37B | $12.5B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $1.86M | $729M | $1.06B | $1.59B | $2.09B | $4.25B | $4.49B | $4.46B | $4.12B | $3.33B | |
| Net debt (debt - cash) | -$168M | -$618M | $60.8M | -$1.53B | -$4.07B | -$4.99B | -$1.54B | $1.65B | $1.72B | -$3.05B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics and estimates: Financial Modeling Prep.
Data as of 2026-11-02