Sea Limited (SE) income statement
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
Sea Limited (SE) reported revenue of $7.79B for Q2 '26 (+48.1% year on year), operating income of $626M (8.0% of revenue) and net income of $441M. Over the last four quarters revenue was $27.7B.
Income statement
| Income statement | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.31B | $3.62B | $3.73B | $3.81B | $4.33B | $4.95B | $4.84B | $5.26B | $5.99B | $6.85B | $7.1B | $7.79B | |
| Cost of revenue | $1.87B | $2.09B | $2.18B | $2.22B | $2.47B | $2.74B | $2.6B | $2.85B | $3.39B | $3.85B | $3.95B | $4.24B | |
| Gross profit | $1.44B | $1.52B | $1.55B | $1.58B | $1.86B | $2.21B | $2.24B | $2.41B | $2.6B | $3B | $3.15B | $3.55B | |
| Research & development | $281M | $280M | $304M | $298M | $302M | $301M | $296M | $297M | $286M | $278M | $297M | $314M | |
| Other operating expenses | $96.9M | $101M | $118M | $125M | $171M | $183M | $247M | $292M | $347M | $0 | $0 | $0 | |
| Operating expenses | $1.57B | $1.58B | $1.48B | $1.5B | $1.66B | $1.9B | $1.78B | $1.92B | $2.12B | $2.46B | $2.58B | $2.92B | |
| Operating income | -$128M | -$56.5M | $71.1M | $82.9M | $202M | $306M | $456M | $488M | $476M | $538M | $565M | $626M | |
| Interest income | $88.2M | $91.6M | $86.9M | $91.2M | $94.2M | $93.3M | $88.7M | $91M | $81.4M | $70.2M | $67.1M | $68.6M | |
| Interest expense | $10.2M | $10.2M | $9.7M | $9.66M | $9.75M | $9.21M | $9.07M | $8.97M | $8.85M | $6.66M | $1.64M | $1.32M | |
| Other non-operating income (gains on investments, FX ...) | -$55.6M | -$32M | $5.64M | -$67.3M | -$53.3M | -$30.2M | -$99.8M | -$79.5M | -$69M | -$89.4M | -$88.5M | $0 | |
| Total non-operating income | $45.4M | $21.8M | -$15.3M | $57.6M | $43.5M | $21M | $90.7M | $70.5M | $60.1M | $82.8M | $86.8M | $82.7M | |
| Income before tax | -$82.3M | -$34.7M | $55.8M | $141M | $246M | $327M | $547M | $558M | $536M | $620M | $652M | $709M | |
| Income tax | $61.7M | $76.9M | $78.8M | $60.6M | $92.6M | $89.2M | $136M | $144M | $161M | $210M | $214M | $251M | |
| Net income | -$144M | -$110M | -$23.7M | $79.9M | $153M | $237M | $403M | $414M | $372M | $397M | $428M | $441M | |
| EPS (basic) | -$0.26 | -$0.19 | -$0.04 | $0.14 | $0.26 | $0.41 | $0.68 | $0.69 | $0.63 | $0.66 | $0.70 | $0.72 | |
| EPS (diluted) | -$0.26 | -$0.19 | -$0.04 | $0.14 | $0.26 | $0.39 | $0.63 | $0.69 | $0.59 | $0.63 | $0.67 | $0.70 | |
| Shares (basic, weighted) | 565M | 570M | 571M | 574M | 574M | 580M | 590M | 592M | 595M | 602M | 612M | 612M | |
| Shares (diluted, weighted) | 565M | 570M | 571M | 574M | 574M | 610M | 635M | 592M | 636M | 640M | 636M | 654M | |
| Depreciation & amortization | $107M | $101M | $102M | $98.2M | $93M | $96.2M | $88.9M | $2.41M | $92.2M | $99.8M | $102M | $115M | |
| EBITDA | $35.1M | $77M | $168M | $248M | $349M | $432M | $645M | $570M | $637M | $727M | $756M | $741M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $346M | $414M | $827M | $2.18B | $4.38B | $9.96B | $12.4B | $13.1B | $16.8B | $22.9B | |
| Cost of revenue | $233M | $327M | $812M | $1.57B | $3.03B | $6.06B | $7.26B | $7.23B | $9.61B | $12.7B | |
| Gross profit | $113M | $87.3M | $14.8M | $605M | $1.35B | $3.9B | $5.19B | $5.83B | $7.21B | $10.2B | |
| Research & development | $20.8M | $29.3M | $67.5M | $157M | $354M | $832M | $1.38B | $1.16B | $1.21B | $1.16B | |
| Other operating expenses | -$2.1M | -$3.5M | -$9.8M | -$15.9M | -$132M | -$171M | $589M | $531M | $596M | $0 | |
| Operating expenses | $318M | $590M | $1B | $1.5B | $2.65B | $5.48B | $6.67B | $5.61B | $6.54B | $8.38B | |
| Operating income | -$205M | -$502M | -$989M | -$891M | -$1.3B | -$1.58B | -$1.49B | $225M | $662M | $1.86B | |
| Interest income | $741K | $2.94M | $11.5M | $34M | $24.9M | $36.1M | $116M | $332M | $366M | $331M | |
| Interest expense | $23K | $26.6M | $31.3M | $48.3M | $124M | $137M | $45.4M | $41.1M | $38.3M | $33.6M | |
| Other non-operating income (gains on investments, FX ...) | -$5.57M | -$922K | -$5.17M | $0 | $0 | -$9.83M | -$355M | -$118M | -$145M | -$432M | |
| Total non-operating income | -$11M | -$48.1M | $31.8M | -$481M | -$179M | -$127M | -$1.87M | $201M | $107M | $398M | |
| Income before tax | -$216M | -$550M | -$957M | -$1.37B | -$1.48B | -$1.71B | -$1.49B | $425M | $769M | $2.26B | |
| Income tax | $8.55M | $10.7M | $4.09M | $85.9M | $142M | $333M | $168M | $263M | $321M | $651M | |
| Net income | -$223M | -$560M | -$961M | -$1.46B | -$1.62B | -$2.05B | -$1.65B | $151M | $444M | $1.58B | |
| EPS (basic) | -$0.69 | -$2.73 | -$2.84 | -$3.35 | -$3.39 | -$3.84 | -$2.96 | $0.27 | $0.77 | $2.65 | |
| EPS (diluted) | -$0.69 | -$2.73 | -$2.84 | -$3.35 | -$3.39 | -$3.84 | -$2.96 | $0.25 | $0.73 | $2.52 | |
| Shares (basic, weighted) | 325M | 206M | 338M | 437M | 477M | 533M | 558M | 567M | 575M | 595M | |
| Shares (diluted, weighted) | 325M | 206M | 338M | 437M | 477M | 533M | 558M | 594M | 605M | 638M | |
| Depreciation & amortization | $39.6M | $40.9M | $78.7M | $122M | $181M | $279M | $428M | $441M | $390M | $372M | |
| EBITDA | -$160M | -$461M | -$905M | -$770M | -$1.12B | -$1.29B | -$704M | $783M | $1.2B | $2.67B |
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.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates: Financial Modeling Prep.
Data as of 2026-11-02