1. MARKETS
  2. SECTOR : SOFTWARE & SERVICES
  3. INDUSTRY : INTERNET RETAIL
  4. SEA LTD - ADR
7.6M

XNYS 09 Oct, 2026 5:30 PM (EDT)

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Sea Ltd (ADR) quarterly and annual earnings report: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

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Forecaster Analyst Estimates for Sea Ltd (ADR) share price target, revenues, EPS, net income and more

Sea Ltd (ADR) quarterly results: revenue, profit, and P&L – 13 quarter history

  • POSITIVE

    Quarterly Revenue Sea Ltd (ADR) Jun-2026 Quarterly Revenue is $7,788 Million which is growth of 48.1% YoY.

  • POSITIVE

    Quarterly Net Profit Sea Ltd (ADR) Jun-2026 Quarterly Net Profit is $441 Million which is growth of 8.6% YoY.

Sea Ltd - ADR, Earnings Report - Quarterly Results, standalone, All financials are in USD Million and price data in USD
IndicatorGraphJun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23
Operating Rev.
7,787.87,097.56,851.95,9865,259.54,841.14,950.44,328.23,806.93,734.33,616.63,310.23,095.7
Cost Of Rev.
4,237.93,951.93,853.53,386.72,849.72,604.92,7452,467.22,222.12,180.62,091.81,868.91,644.8
Gross Profit
3,549.93,145.62,998.42,599.42,409.82,236.22,205.51,861.11,584.81,553.81,524.81,441.31,450.9
⌄
2,899.62,552.62,433.12,123.41,922.11,779.81,899.71,658.71,501.91,482.71,581.31,5691,167.1
Operating Profit
650.3593565.2476487.7456.4305.8202.482.971.1-56.5-127.7283.8
67.365.563.5-81.379.784.7-81.777.480.8-73.1
Profit Before Tax
715.9654.8627.1537.1571545.6334252139.353.6-24.9-81.9391.4
Tax
250.6214209.6161.1144.1136.389.292.660.678.876.961.762.2
⌄
440.8427.9397.1375406403.1237.3153.381.9-23.7-109.7-144321.6
Diluted NI Avail to Com Stockholders Ann.
440.8427.9429.3375406403.1237.3153.381.9-23.7-109.7-144321.6
Basic EPS
0.70.70.70.60.70.70.40.30.1-0-0.2-0.30.6
Diluted EPS After ExtraOrdinary
0.70.70.60.60.70.60.50.20.20.1-0.1-0.30.5
Number Of Shares End
611.4611.6602.3595.2592.9590.3580.1589.7573570.9569.6553.8565
Net Income Continuing Discontinued Operations
440.8427.9397.1375406403.1237.3153.381.9-23.7-109.7-144321.6
Normalized Income
451.6422.3433375410.9632.6276.1153.389.1259.5-69.9-144331.9
Interest Income
68.667.170.2-90.388.894-91.487.191-83.5
Interest
1.31.66.7-99.19.3-9.79.710.1-10.4
Net Interest Income
67.365.563.5-81.379.784.7-81.777.480.8-73.1
EBIT
648.6589.3563.6537.1489.7465.9249.325257.6-23.9-105.7-81.9318.2
EBITDA
648.6589.3563.6537.1489.7465.9249.325257.6-23.9-105.7-81.9318.2
Reconciled Cost Of Rev.
4,237.93,951.93,853.53,386.72,849.72,604.92,7452,467.22,222.12,180.62,091.81,868.91,644.8
Reconciled Depr.
-------------
Profit From Continuing Operations
-------------
Normalized EBITDA
719660.1635.4476578545.2399.7202.4174.3158.234.4-127.7367.3
*All financials are in USD Million and price data in USD

Sea Ltd (ADR) competitor comparison and performance snapshot within industry

Sea Ltd (ADR) annual results: revenue, profit, P&L, and margins as of Dec 2025 – 11 year history

  • POSITIVE

    Annual Revenue Sea Ltd (ADR) Dec-2025 Annual Revenue is $22,938 Million which is growth of 36.4% YoY.

  • POSITIVE

    Annual Net Profit Sea Ltd (ADR) Dec-2025 Annual Net Profit is $1,578 Million which is growth of 255.2% YoY.

Sea Ltd - ADR, Earnings Report - Annual Results, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsTTMDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
22.6%
39.3%
 22,938.516,819.913,063.612,449.79,955.24,375.72,175.4827414.2345.7292.1
Cost Of Rev. Ann.
20.5%
33.2%
15,43012,694.79,614.87,229.97,264.46,059.53,026.81,570.5812.2326.9232.6184.3
Gross Profit Ann.
25.5%
50%
12,293.210,243.77,205.15,833.75,185.33,895.71,348.9604.914.887.3113.1107.8
Operating Exp. Ann.
9.3%
25.5%
10,008.78,258.46,542.95,4916,317.85,478.82,652.21,496.21,003.5589.7318.5190.9
Operating Profit Ann.
-
-
2,284.51,985.3662.2342.7-1,132.6-1,583.1-1,303.3-891.2-988.8-502.4-205.4-83.1
61.9%
-
 297.5327.5290.270.1-102.9-123.4-14.3-19.8-23.60.70.5
Other Exp. Ann.
-
-
 -1.9-210.8-200.5-438.1-29.3-56.5-463.154.7-22.67.8-4.9
PBT Ann.
-
-
2,534.92,280.9778.8432.4-1,500.5-1,715.2-1,483.2-1,368.6-953.9-548.5-196.9-87.5
Tax Ann.
57%
35.7%
835.3651.1321.2262.7168.4332.9141.685.94.110.78.611.7
⌄
-
-
1,640.81,578.2444.3150.7-1,651.4-2,046.8-1,618.1-1,462.8-961.2-560.5-222.9-103.4
Diluted NI Avail to Com Stockholders Ann.
-
-
1,6731,610.3444.3150.7-1,651.4-2,046.8-1,618.1-1,462.8-961.2-560.5-222.9-103.4
EPS Ann.
-
-
 2.70.80.3-3-3.8-3.4-3.4-2.8-2.7-0.9-0.4
Diluted EPS Ann.
-
-
 2.50.70.3-3-3.8-3.4-3.4-2.8-2.7-0.9-0.4
Number Of Shares End
2.4%
4%
 602.3580.1569.6560.4553.9494.9460.6340.5335245.9-
Total Exp. Ann.
15.5%
29.8%
 20,953.216,157.712,720.913,582.311,538.35,6793,066.61,815.7916.6551.1375.2
Net Income Continuing Discontinued Operations Ann.
-
-
1,640.81,578.2444.3150.7-1,651.4-2,046.8-1,618.1-1,462.8-961.2-560.5-222.9-103.4
Normalized Income Ann.
-
-
1,681.92,094.31,354.71,068.5-506.1-1,572.7-1,567.5-867.8-944.2-532.5-196.1-86.8
Interest Income Ann.
42.1%
67.9%
 331.1365.8331.3115.536.124.833.911.52.90.70.6
Interest Ann.
-9.5%
-25.7%
 33.638.341.145.4138.9148.248.231.326.500
EBITDA Ann.
-
-
2,338.52,355.6841583-1,142.3-1,333.3-1,179-1,232.7-855.4-484-158.1-58.7
Reconciled Cost Of Rev. Ann.
20.5%
33.2%
15,43012,694.79,614.87,229.97,264.46,059.53,026.81,570.5812.2326.9232.6184.3
Reconciled Depr. Ann.
-4.6%
15.5%
 372.2389.7440.9428.3279180.8121.678.740.939.629.3
Profit From Continuing Operations Ann.
-
-
 1,610.9447.8162.7-1,657.8-2,043-1,624.2-1,457.7-961-561.2-225-107.3
Normalized EBITDA Ann.
-
-
2,490.52,688.61,417.61,114.8-588.7-1,268-1,097.9-1,208.5-857.3-510.5-165.1-53.3
*All financials are in USD Million and price data in USD
Total Rev. Ann.
1Y CHG
36.4%
2Y CAGR
32.5%
3Y CAGR
22.6%
5Y CAGR
39.3%
7Y CAGR
60.8%
10Y CAGR
54.7%
Total Revenue Annual growth is stable compared to historical averages.
Net Profit Ann.
1Y CHG
255.2%
2Y CAGR
223.6%
Net Profit Annual growth is higher than historical averages.
Operating Exp. Ann.
1Y CHG
26.2%
2Y CAGR
22.6%
3Y CAGR
9.3%
5Y CAGR
25.5%
7Y CAGR
35.1%
10Y CAGR
45.8%
Operating Expenses Annual Cr growth is stable compared to historical averages.

Sea Ltd (ADR) balance sheet as of Dec 2025: assets, liabilities, reserves, and borrowings – 11 year history

  • POSITIVE

    Total Shareholders Fund Sea Ltd (ADR) Dec-2025 Total Shareholders Fund is $12,527 Million which is growth of 49.6% YoY.

  • POSITIVE

    Total Assets Sea Ltd (ADR) Dec-2025 Total Assets is $29,371 Million which is growth of 29.8% YoY.

Sea Ltd - ADR, Balance Sheet, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
20%
22.9%
29,37122,625.518,883.217,002.818,75610,455.75,224.22,192.71,988.3485.8429.9
⌄
14.3%
18.9%
16,722.714,147.912,185.711,19211,331.67,035.44,051.52,432.11,513.2611.4356.2
⌄
29.9%
29.9%
12,526.58,372.36,593.85,715.77,398.73,382.91,162.4-243.1469-125.771.7
Total Capitalization Ann.
12.9%
20.1%
13,036.910,100.69,662.99,054.510,874.45,223.32,519.1819.71,196-125.771.7
Tangible Assets Ann.
31.8%
31.7%
12,409.88,237.46,430.25,420.56,7963,126.91,095.9-287400.7-155.620.8
Working Capital Ann.
14.2%
14.8%
8,568.95,561.53,6055,752.37,9594,302.92,047.8524.21,08346.1-14.7
Invested Capital Ann.
16.1%
22.4%
14,370.211,379.29,961.49,174.110,974.45,223.32,549.9820.51,198-123.871.7
Tangible Book Value Ann.
31.8%
31.7%
12,409.88,237.46,430.25,420.56,7963,126.91,095.9-287400.7-155.620.8
Borrowings Ann.
-9.1%
10%
3,375.94,124.14,462.44,500.24,262.12,092.91,5951,063.77291.9-
Net Debt Ann.
-
-
-601.7556.5----60.8---
Share Issued Ann.
2.7%
3.6%
612589.1572.3564.8557.7511.9463.2342.6335317.8317.8
Number Of Shares End
2.4%
4%
602.3580.1569.6560.4553.9494.9460.6340.5335245.9-
*All financials are in USD Million and price data in USD
Total Assets Ann.
1Y CHG
29.8%
2Y CAGR
24.7%
3Y CAGR
20%
5Y CAGR
22.9%
7Y CAGR
44.9%
10Y CAGR
52.6%
Total Assets Annual growth is stable compared to historical averages.
Total Current Liabilities Ann.
1Y CHG
30%
2Y CAGR
34.1%
3Y CAGR
28.4%
5Y CAGR
25.9%
7Y CAGR
43.2%
10Y CAGR
50.6%
Total Current Liabilities Annual Cr growth is stable compared to historical averages.
Total ShareHolders Funds Ann.
1Y CHG
49.6%
2Y CAGR
37.8%
3Y CAGR
29.9%
5Y CAGR
29.9%
10Y CAGR
67.6%
Total ShareHolders Funds Annual growth is stable compared to historical averages.

Sea Ltd (ADR) ROE, ROCE, book value, and debt-to-equity ratio as of Dec 2025 – 11 year history

  • POSITIVE

    Book Value Per Share Sea Ltd (ADR) Book Value Per Share is $17 which is growth of 2.1% YoY.

  • NEUTRAL

    ROE Sea Ltd (ADR) ROE is 0% which is growth of 0% YoY.

Sea Ltd - ADR, Ratios, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
RoA Ann. %
-
-
-2.14%0.84%-9.24%-14.01%-20.64%-39.45%-45.98%-45.31%-48.68%-29.12%
ROE Ann. %
-
-
-5.94%2.45%-25.18%-37.97%-71.20%-318.25%-851.09%-326.48%--510.50%
ROIC %
-
-
-1.4-1.63.8-5-11.9-11.9--35.3--
OPM Ann. %
-
-
8.65%3.94%2.62%-9.10%-15.90%-29.79%-40.97%-119.57%-121.29%-59.42%-28.43%
Inventory Turnover Ratio Ann.
-
-
-71.661.56466.766.448.634.247.657.967.6
Asset Turnover Ann. %
-
-
-0.80.70.70.70.60.60.40.30.80.8
Working Capital Turnover Ann.
7.1%
22%
2.733.62.21.311.11.60.47.5-19.9
Quick Ratio Ann.
-
-
-1.31.21.51.81.61.61.12.410.8
Current Ratio Ann.
-
-
-1.51.41.82.11.91.91.42.71.20.9
Interest Coverage Ratio Ann.
-
-
-21.311.5-32.1-11.3-9-27.4-29.5-19.7-8,559.3-2,732.1
LT Debt To Equity Ann.
-
-
-0.30.60.70.50.61.3-1.6--
*All financials are in USD Million and price data in USD

Sea Ltd (ADR) cash flow: net, operating, investing, and financing flows as of Dec 2025 – 11 year history

  • POSITIVE

    Cash From Operating Activity Sea Ltd (ADR) Dec-2025 Cash From Operating Activity is $5,025 Million which is growth of 53.3% YoY.

  • POSITIVE

    Net Cash Flow Sea Ltd (ADR) Dec-2025 Net Cash Flow is $2,239 Million which is growth of 2936.6% YoY.

Sea Ltd - ADR, Cash Flow, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
-
55.3%
5,024.53,277.42,079.7-1,055.7208.7555.969.9-495.2-334.2-114.7-25.1
-
-
-4,408.7-5,040.9-5,804.5-2,428.8-3,767.3-886.9-363.2-224.5-118.6-29.9-129.4
59.5%
-15.3%
1,623.21,684.5366400.37,401.63,733.12,579.6546.61,623.8199.6187.8
Cash Plus Cash Eqv. End Of Year Ann.
-5.5%
-1.9%
6,419.54,081.64,243.77,610.410,838.17,053.43,570.61,259.31,347.4170.1116.2
Net Increase In Cash Plus Cash Eqv.s Ann.
-
-8%
2,239-78.9-3,358.8-3,084.23,8433,402.12,286.2-173.11,1715533.3
Cash Plus Cash Eqv. Begin Of Year Ann.
-27.8%
2.7%
4,081.64,243.77,610.410,838.17,053.43,570.61,259.31,445170.1116.286
Income Tax Paid Supplemental Data Ann.
55.6%
52.2%
1,182.3515.3318.9313.8207.4144.974.4-141313.2
Interest Paid Supplemental Data Ann.
48.2%
52%
340.3144.7119.5104.6454213.5-0.700
Capex Ann.
-
-
-524.5-321.6-258.3-976.3-807.2-357.1-247.1-178.5-79.8-24.5-76.7
Issuance Of Capital Stock Ann.
4.2%
-54.7%
56.8146.110.650.24,050.12,970.31,538.84.6960.9197.8185
Issuance Of Debt Ann.
79.5%
-14.9%
509.3185.2223.8882,961.51,142.61,042.3567678.24.3
Repayment Of Debt Ann.
-
-
-544.9-358-259-728.6-3.2-81.8-2.9-2.7-3.9-2.5-1.5
Repurchase Of Capital Stock Ann.
-
-
-14----------
Free Cash Flow Ann.
-
86.6%
4,5002,955.81,821.4-2,032-598.5198.8-177.2-673.7-414-139.3-101.8
*All financials are in USD Million and price data in USD
Cash from Operating Act. Ann.
1Y CHG
53.3%
2Y CAGR
55.4%
5Y CAGR
55.3%
Cash from Operating Activity Annual growth is lower than historical averages.
Cash from Financing Act. Ann.
1Y CHG
-3.6%
2Y CAGR
110.6%
3Y CAGR
59.5%
5Y CAGR
-15.3%
7Y CAGR
16.8%
10Y CAGR
24.1%
Cash from Financing Annual Activity is falling faster than historical averages.