English

Sea Ltd

EDGAR

SE Report (type unavailable) · filed 2026-08-25

Annual consolidated revenue for 2025: about U002 22.94B, using the latest reported figures. The previous period, 2024, was about U002 16.82B.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest fiscal year

Revenue

22.9 billion U002

2025 · U002

Exact inputs and evidence

Revenue: 22938469000 U002 Source

Operating margin

8.65%

2025 · %

Exact inputs and evidence

Operating Income: 1985306000 U002 Source
Revenue: 22938469000 U002 Source

Operating cash flow

5.02 billion U002

2025 · U002

Exact inputs and evidence

Operating Cash Flow: 5024523000 U002 Source

Free cash flow

4.51 billion U002

2025 · U002

Exact inputs and evidence

Operating Cash Flow: 5024523000 U002 Source
Capital Expenditure: 513809000 U002 Source

Cash and cash equivalents: 4.16 billion U002 2025-12-31 Source
Exact value

4158920000 U002
Long-term debt including current maturities: 1.03 million USD 2018-12-31 Source
Exact value

1026000 USD
Shares outstanding: 0 shares 2017-12-31 Source
Exact value

0 shares

Reported share-count change

-100.00% · -177 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

176592650 shares · 2016-12-31· Source
0 shares · 2017-12-31· Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-25.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 9 of 11 periods available· newest 2025-12-31
Operating income: 9 of 11 periods available· newest 2025-12-31
Net income: 9 of 11 periods available· newest 2025-12-31
Operating cash flow: 9 of 11 periods available· newest 2025-12-31
Capital expenditure: 9 of 11 periods available· newest 2025-12-31
Total assets: 8 of 11 periods available· newest 2025-12-31
Total liabilities: 8 of 11 periods available· newest 2025-12-31
Current assets: 8 of 11 periods available· newest 2025-12-31
Current liabilities: 8 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 8 of 11 periods available· newest 2025-12-31
Long-term debt including current maturities: 1 of 11 periods available· newest 2018-12-31
Shares outstanding: 2 of 11 periods available· newest 2017-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+36.4%

Prior period

U002 16.82 billion

2024-01-01 – 2024-12-31
Current period

U002 22.94 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

22938469000 − 16819866000 = 6118603000 U002

16819866000 U002 · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
22938469000 U002 · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · Sea Ltd · 2025-12-31 Sea Ltd (edgar:1703399) Year-over-year change in Revenue: 6118603000 U002 Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 22938469000 U002 (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#5453845 Filing: 000114036126015366 Input fundies:Revenue: 16819866000 U002 (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#5452959 Filing: 000114036126015366
The citation records this snapshot. The page link may show a newer release later.
Net income
+255.2%

Prior period

U002 444.32 million

2024-01-01 – 2024-12-31
Current period

U002 1.58 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

1578149000 − 444321000 = 1133828000 U002

444321000 U002 · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
1578149000 U002 · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · Sea Ltd · 2025-12-31 Sea Ltd (edgar:1703399) Year-over-year change in Net income: 1133828000 U002 Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: 1578149000 U002 (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#5138808 Filing: 000114036126015366 Input fundies:NetIncome: 444321000 U002 (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#5137991 Filing: 000114036126015366
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+53.3%

Prior period

U002 3.28 billion

2024-01-01 – 2024-12-31
Current period

U002 5.02 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

5024523000 − 3277420000 = 1747103000 U002

3277420000 U002 · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
5024523000 U002 · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · Sea Ltd · 2025-12-31 Sea Ltd (edgar:1703399) Year-over-year change in Operating cash flow: 1747103000 U002 Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 5024523000 U002 (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#2535644 Filing: 000114036126015366 Input fundies:OperatingCashFlow: 3277420000 U002 (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#2534579 Filing: 000114036126015366
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
+61.5%

Prior period

U002 318.15 million

2024-01-01 – 2024-12-31
Current period

U002 513.81 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

513809000 − 318153000 = 195656000 U002

318153000 U002 · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
513809000 U002 · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · Sea Ltd · 2025-12-31 Sea Ltd (edgar:1703399) Year-over-year change in Capital expenditure: 195656000 U002 Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 513809000 U002 (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#2545128 Filing: 000114036126015366 Input fundies:CapitalExpenditure: 318153000 U002 (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#2544141 Filing: 000114036126015366
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue U002 22.94 billion 100% of revenue
Cost of revenue U002 12.69 billion 55% of revenue
Operating expenses U002 8.26 billion 36% of revenue
Operating income U002 1.99 billion 8.7% of revenue
Tax, interest and other Derived U002 407.16 million 1.8% of revenue
Net income U002 1.58 billion 6.9% of revenue

Cash

Operating cash flow U002 5.02 billion 22% of revenue
Capital expenditure U002 513.81 million 2.2% of revenue
Free cash flow Derived U002 4.51 billion 20% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2017 Operating loss: operating costs were 221% of revenue.
2018 Operating loss: operating costs were 220% of revenue.
2019 Operating loss: operating costs were 141% of revenue.
2020 Operating loss: operating costs were 130% of revenue.
2021 Operating loss: operating costs were 116% of revenue.
2022 Operating loss: operating costs were 112% of revenue.
2023 98%
2024 96%
2025 91%

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2017 2017-01-01 – 2017-12-31	414190000	916546000 Derived	-502356000	58129000 Derived	-560485000	-326589000 Derived	Source 2017-01-01 – 2017-12-31: 414190000 U002 Inspect Revenue Open source 2017-01-01 – 2017-12-31: -502356000 U002 Inspect Operating Income Open source 2017-01-01 – 2017-12-31: -560485000 U002 Inspect Net Income Open source 2017-01-01 – 2017-12-31: -259228000 U002 Inspect Operating Cash Flow Open source 2017-01-01 – 2017-12-31: 67361000 U002 Inspect Capital Expenditure Open source
2018 2018-01-01 – 2018-12-31	826968000	1815736000 Derived	-988768000	-27527000 Derived	-961241000	-672563000 Derived	Source 2018-01-01 – 2018-12-31: 826968000 U002 Inspect Revenue Open source 2018-01-01 – 2018-12-31: -988768000 U002 Inspect Operating Income Open source 2018-01-01 – 2018-12-31: -961241000 U002 Inspect Net Income Open source 2018-01-01 – 2018-12-31: -495220000 U002 Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 177343000 U002 Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	2175378000	3066610000 Derived	-891232000	571567000 Derived	-1462799000	-169979000 Derived	Source 2019-01-01 – 2019-12-31: 2175378000 U002 Inspect Revenue Open source 2019-01-01 – 2019-12-31: -891232000 U002 Inspect Operating Income Open source 2019-01-01 – 2019-12-31: -1462799000 U002 Inspect Net Income Open source 2019-01-01 – 2019-12-31: 69865000 U002 Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 239844000 U002 Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	4375664000	5678989000 Derived	-1303325000	314731000 Derived	-1618056000	219594000 Derived	Source 2020-01-01 – 2020-12-31: 4375664000 U002 Inspect Revenue Open source 2020-01-01 – 2020-12-31: -1303325000 U002 Inspect Operating Income Open source 2020-01-01 – 2020-12-31: -1618056000 U002 Inspect Net Income Open source 2020-01-01 – 2020-12-31: 555868000 U002 Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 336274000 U002 Inspect Capital Expenditure Open source
2021 2021-01-01 – 2021-12-31	9955190000	11538250000 Derived	-1583060000	463699000 Derived	-2046759000	-563528000 Derived	Source 2021-01-01 – 2021-12-31: 9955190000 U002 Inspect Revenue Open source 2021-01-01 – 2021-12-31: -1583060000 U002 Inspect Operating Income Open source 2021-01-01 – 2021-12-31: -2046759000 U002 Inspect Net Income Open source 2021-01-01 – 2021-12-31: 208649000 U002 Inspect Operating Cash Flow Open source 2021-01-01 – 2021-12-31: 772177000 U002 Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	12449705000	13937213000 Derived	-1487508000	163913000 Derived	-1651421000	-1979870000 Derived	Source 2022-01-01 – 2022-12-31: 12449705000 U002 Inspect Revenue Open source 2022-01-01 – 2022-12-31: -1487508000 U002 Inspect Operating Income Open source 2022-01-01 – 2022-12-31: -1651421000 U002 Inspect Net Income Open source 2022-01-01 – 2022-12-31: -1055692000 U002 Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 924178000 U002 Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	13063560000	12838782000 Derived	224778000	74052000 Derived	150726000	1838083000 Derived	Source 2023-01-01 – 2023-12-31: 13063560000 U002 Inspect Revenue Open source 2023-01-01 – 2023-12-31: 224778000 U002 Inspect Operating Income Open source 2023-01-01 – 2023-12-31: 150726000 U002 Inspect Net Income Open source 2023-01-01 – 2023-12-31: 2079688000 U002 Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 241605000 U002 Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	16819866000	16157714000 Derived	662152000	217831000 Derived	444321000	2959267000 Derived	Source 2024-01-01 – 2024-12-31: 16819866000 U002 Inspect Revenue Open source 2024-01-01 – 2024-12-31: 662152000 U002 Inspect Operating Income Open source 2024-01-01 – 2024-12-31: 444321000 U002 Inspect Net Income Open source 2024-01-01 – 2024-12-31: 3277420000 U002 Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 318153000 U002 Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	22938469000	20953163000 Derived	1985306000	407157000 Derived	1578149000	4510714000 Derived	Source 2025-01-01 – 2025-12-31: 22938469000 U002 Inspect Revenue Open source 2025-01-01 – 2025-12-31: 1985306000 U002 Inspect Operating Income Open source 2025-01-01 – 2025-12-31: 1578149000 U002 Inspect Net Income Open source 2025-01-01 – 2025-12-31: 5024523000 U002 Inspect Operating Cash Flow Open source 2025-01-01 – 2025-12-31: 513809000 U002 Inspect Capital Expenditure Open source

Amounts are exact, in U002.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

U002 22.9B 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(U002)	Source evidence
20172017-12-31	Revenue	414190000	Revenue: 414190000 Open source
20182018-12-31	Revenue	826968000	Revenue: 826968000 Open source
20192019-12-31	Revenue	2175378000	Revenue: 2175378000 Open source
20202020-12-31	Revenue	4375664000	Revenue: 4375664000 Open source
20212021-12-31	Revenue	9955190000	Revenue: 9955190000 Open source
20222022-12-31	Revenue	12449705000	Revenue: 12449705000 Open source
20232023-12-31	Revenue	13063560000	Revenue: 13063560000 Open source
20242024-12-31	Revenue	16819866000	Revenue: 16819866000 Open source
20252025-12-31	Revenue	22938469000	Revenue: 22938469000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

36.4% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20172017-12-31	Year over year	No prior comparable period	Revenue: 414190000 Open source
20182018-12-31	Year over year	99.7%	Revenue: 826968000 Open source Revenue: 414190000 Open source
20192019-12-31	Year over year	163.1%	Revenue: 2175378000 Open source Revenue: 826968000 Open source
20202020-12-31	Year over year	101.1%	Revenue: 4375664000 Open source Revenue: 2175378000 Open source
20212021-12-31	Year over year	127.5%	Revenue: 9955190000 Open source Revenue: 4375664000 Open source
20222022-12-31	Year over year	25.1%	Revenue: 12449705000 Open source Revenue: 9955190000 Open source
20232023-12-31	Year over year	4.9%	Revenue: 13063560000 Open source Revenue: 12449705000 Open source
20242024-12-31	Year over year	28.8%	Revenue: 16819866000 Open source Revenue: 13063560000 Open source
20252025-12-31	Year over year	36.4%	Revenue: 22938469000 Open source Revenue: 16819866000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 8.7% 2025

Net margin 6.9% 2025

Free cash flow margin 19.7% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20172017-12-31	Operating margin	-121.3%	Operating Income: -502356000 Open source Revenue: 414190000 Open source
20182018-12-31	Operating margin	-119.6%	Operating Income: -988768000 Open source Revenue: 826968000 Open source
20192019-12-31	Operating margin	-41%	Operating Income: -891232000 Open source Revenue: 2175378000 Open source
20202020-12-31	Operating margin	-29.8%	Operating Income: -1303325000 Open source Revenue: 4375664000 Open source
20212021-12-31	Operating margin	-15.9%	Operating Income: -1583060000 Open source Revenue: 9955190000 Open source
20222022-12-31	Operating margin	-11.9%	Operating Income: -1487508000 Open source Revenue: 12449705000 Open source
20232023-12-31	Operating margin	1.7%	Operating Income: 224778000 Open source Revenue: 13063560000 Open source
20242024-12-31	Operating margin	3.9%	Operating Income: 662152000 Open source Revenue: 16819866000 Open source
20252025-12-31	Operating margin	8.7%	Operating Income: 1985306000 Open source Revenue: 22938469000 Open source
20172017-12-31	Net margin	-135.3%	Net Income: -560485000 Open source Revenue: 414190000 Open source
20182018-12-31	Net margin	-116.2%	Net Income: -961241000 Open source Revenue: 826968000 Open source
20192019-12-31	Net margin	-67.2%	Net Income: -1462799000 Open source Revenue: 2175378000 Open source
20202020-12-31	Net margin	-37%	Net Income: -1618056000 Open source Revenue: 4375664000 Open source
20212021-12-31	Net margin	-20.6%	Net Income: -2046759000 Open source Revenue: 9955190000 Open source
20222022-12-31	Net margin	-13.3%	Net Income: -1651421000 Open source Revenue: 12449705000 Open source
20232023-12-31	Net margin	1.2%	Net Income: 150726000 Open source Revenue: 13063560000 Open source
20242024-12-31	Net margin	2.6%	Net Income: 444321000 Open source Revenue: 16819866000 Open source
20252025-12-31	Net margin	6.9%	Net Income: 1578149000 Open source Revenue: 22938469000 Open source
20172017-12-31	Free cash flow margin	-78.9%	Revenue: 414190000 Open source Operating Cash Flow: -259228000 Open source Capital Expenditure: 67361000 Open source
20182018-12-31	Free cash flow margin	-81.3%	Revenue: 826968000 Open source Operating Cash Flow: -495220000 Open source Capital Expenditure: 177343000 Open source
20192019-12-31	Free cash flow margin	-7.8%	Revenue: 2175378000 Open source Operating Cash Flow: 69865000 Open source Capital Expenditure: 239844000 Open source
20202020-12-31	Free cash flow margin	5%	Revenue: 4375664000 Open source Operating Cash Flow: 555868000 Open source Capital Expenditure: 336274000 Open source
20212021-12-31	Free cash flow margin	-5.7%	Revenue: 9955190000 Open source Operating Cash Flow: 208649000 Open source Capital Expenditure: 772177000 Open source
20222022-12-31	Free cash flow margin	-15.9%	Revenue: 12449705000 Open source Operating Cash Flow: -1055692000 Open source Capital Expenditure: 924178000 Open source
20232023-12-31	Free cash flow margin	14.1%	Revenue: 13063560000 Open source Operating Cash Flow: 2079688000 Open source Capital Expenditure: 241605000 Open source
20242024-12-31	Free cash flow margin	17.6%	Revenue: 16819866000 Open source Operating Cash Flow: 3277420000 Open source Capital Expenditure: 318153000 Open source
20252025-12-31	Free cash flow margin	19.7%	Revenue: 22938469000 Open source Operating Cash Flow: 5024523000 Open source Capital Expenditure: 513809000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

U002 5B 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(U002)	Source evidence
20172017-12-31	Operating cash flow	-259228000	Operating Cash Flow: -259228000 Open source
20182018-12-31	Operating cash flow	-495220000	Operating Cash Flow: -495220000 Open source
20192019-12-31	Operating cash flow	69865000	Operating Cash Flow: 69865000 Open source
20202020-12-31	Operating cash flow	555868000	Operating Cash Flow: 555868000 Open source
20212021-12-31	Operating cash flow	208649000	Operating Cash Flow: 208649000 Open source
20222022-12-31	Operating cash flow	-1055692000	Operating Cash Flow: -1055692000 Open source
20232023-12-31	Operating cash flow	2079688000	Operating Cash Flow: 2079688000 Open source
20242024-12-31	Operating cash flow	3277420000	Operating Cash Flow: 3277420000 Open source
20252025-12-31	Operating cash flow	5024523000	Operating Cash Flow: 5024523000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

U002 4.5B 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(U002)	Source evidence
20172017-12-31	Free cash flow	-326589000	Operating Cash Flow: -259228000 Open source Capital Expenditure: 67361000 Open source
20182018-12-31	Free cash flow	-672563000	Operating Cash Flow: -495220000 Open source Capital Expenditure: 177343000 Open source
20192019-12-31	Free cash flow	-169979000	Operating Cash Flow: 69865000 Open source Capital Expenditure: 239844000 Open source
20202020-12-31	Free cash flow	219594000	Operating Cash Flow: 555868000 Open source Capital Expenditure: 336274000 Open source
20212021-12-31	Free cash flow	-563528000	Operating Cash Flow: 208649000 Open source Capital Expenditure: 772177000 Open source
20222022-12-31	Free cash flow	-1979870000	Operating Cash Flow: -1055692000 Open source Capital Expenditure: 924178000 Open source
20232023-12-31	Free cash flow	1838083000	Operating Cash Flow: 2079688000 Open source Capital Expenditure: 241605000 Open source
20242024-12-31	Free cash flow	2959267000	Operating Cash Flow: 3277420000 Open source Capital Expenditure: 318153000 Open source
20252025-12-31	Free cash flow	4510714000	Operating Cash Flow: 5024523000 Open source Capital Expenditure: 513809000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

56.9% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
2017-12-31	Liabilities / assets	Not reported	No source recorded
20182018-12-31	Liabilities / assets	110.9%	Total Liabilities: 2432124000 Open source Total Assets: 2192669000 Open source
20192019-12-31	Liabilities / assets	77.6%	Total Liabilities: 4051517000 Open source Total Assets: 5224169000 Open source
20202020-12-31	Liabilities / assets	67.3%	Total Liabilities: 7035432000 Open source Total Assets: 10455671000 Open source
20212021-12-31	Liabilities / assets	60.4%	Total Liabilities: 11331616000 Open source Total Assets: 18756025000 Open source
20222022-12-31	Liabilities / assets	65.8%	Total Liabilities: 11191972000 Open source Total Assets: 17002796000 Open source
20232023-12-31	Liabilities / assets	64.5%	Total Liabilities: 12185647000 Open source Total Assets: 18883232000 Open source
20242024-12-31	Liabilities / assets	62.5%	Total Liabilities: 14147893000 Open source Total Assets: 22625469000 Open source
20252025-12-31	Liabilities / assets	56.9%	Total Liabilities: 16722651000 Open source Total Assets: 29370979000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

1.58× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
2017-12-31	Current assets / current liabilities	Not reported	No source recorded
20182018-12-31	Current assets / current liabilities	1.44×	Current Assets: 1710713000 Open source Current Liabilities: 1186493000 Open source
20192019-12-31	Current assets / current liabilities	1.87×	Current Assets: 4410139000 Open source Current Liabilities: 2362366000 Open source
20202020-12-31	Current assets / current liabilities	1.93×	Current Assets: 8939004000 Open source Current Liabilities: 4636067000 Open source
20212021-12-31	Current assets / current liabilities	2.11×	Current Assets: 15135397000 Open source Current Liabilities: 7176436000 Open source
20222022-12-31	Current assets / current liabilities	1.83×	Current Assets: 12688012000 Open source Current Liabilities: 6935692000 Open source
20232023-12-31	Current assets / current liabilities	1.44×	Current Assets: 11773934000 Open source Current Liabilities: 8168941000 Open source
20242024-12-31	Current assets / current liabilities	1.49×	Current Assets: 16857668000 Open source Current Liabilities: 11296152000 Open source
20252025-12-31	Current assets / current liabilities	1.58×	Current Assets: 23249495000 Open source Current Liabilities: 14680550000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2017 2017-01-01 – 2017-12-31	−U002 560.49 million Exact value Exact value: -560485000 U002 2017-01-01 – 2017-12-31: -560485000 U002 Inspect Net Income Open source Share or cite Citation for Net Income · Sea Ltd · 2017-12-31 Sea Ltd (edgar:1703399) Net Income: -560485000 U002 Concept: fundies:NetIncome Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3ANetIncome&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=U002&dimensions= Input fundies:NetIncome: -560485000 U002 (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036120008832/form20f.htm#4772439 Filing: 000114036120008832 The citation records this snapshot. The page link may show a newer release later.	−U002 259.23 million Exact value Exact value: -259228000 U002 2017-01-01 – 2017-12-31: -259228000 U002 Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Sea Ltd · 2017-12-31 Sea Ltd (edgar:1703399) Operating Cash Flow: -259228000 U002 Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=U002&dimensions= Input fundies:OperatingCashFlow: -259228000 U002 (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036120008832/form20f.htm#2740504 Filing: 000114036120008832 The citation records this snapshot. The page link may show a newer release later.	U002 67.36 million Exact value Exact value: 67361000 U002 2017-01-01 – 2017-12-31: 67361000 U002 Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Sea Ltd · 2017-12-31 Sea Ltd (edgar:1703399) Capital Expenditure: 67361000 U002 Concept: fundies:CapitalExpenditure Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3ACapitalExpenditure&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=U002&dimensions= Input fundies:CapitalExpenditure: 67361000 U002 (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036120008832/form20f.htm#2750123 Filing: 000114036120008832 The citation records this snapshot. The page link may show a newer release later.	−U002 326.59 million Calculation and evidence -259228000 − 67361000 U002 Exact free cash flow: -326589000 U002 2017-01-01 – 2017-12-31: -259228000 U002 · Inspect Operating Cash Flow · Source 2017-01-01 – 2017-12-31: 67361000 U002 · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Sea Ltd · 2017-12-31 Sea Ltd (edgar:1703399) Free cash flow: -326589000 U002 Concept: free-cash-flow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -259228000 U002 (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036120008832/form20f.htm#2740504 Filing: 000114036120008832 Input fundies:CapitalExpenditure: 67361000 U002 (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036120008832/form20f.htm#2750123 Filing: 000114036120008832 The citation records this snapshot. The page link may show a newer release later.
2018 2018-01-01 – 2018-12-31	−U002 961.24 million Exact value Exact value: -961241000 U002 2018-01-01 – 2018-12-31: -961241000 U002 Inspect Net Income Open source Share or cite Citation for Net Income · Sea Ltd · 2018-12-31 Sea Ltd (edgar:1703399) Net Income: -961241000 U002 Concept: fundies:NetIncome Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3ANetIncome&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=U002&dimensions= Input fundies:NetIncome: -961241000 U002 (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036121013089/brhc10022673_20f.htm#5128392 Filing: 000114036121013089 The citation records this snapshot. The page link may show a newer release later.	−U002 495.22 million Exact value Exact value: -495220000 U002 2018-01-01 – 2018-12-31: -495220000 U002 Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Sea Ltd · 2018-12-31 Sea Ltd (edgar:1703399) Operating Cash Flow: -495220000 U002 Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=U002&dimensions= Input fundies:OperatingCashFlow: -495220000 U002 (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036121013089/brhc10022673_20f.htm#2882371 Filing: 000114036121013089 The citation records this snapshot. The page link may show a newer release later.	U002 177.34 million Exact value Exact value: 177343000 U002 2018-01-01 – 2018-12-31: 177343000 U002 Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Sea Ltd · 2018-12-31 Sea Ltd (edgar:1703399) Capital Expenditure: 177343000 U002 Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=U002&dimensions= Input fundies:CapitalExpenditure: 177343000 U002 (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036121013089/brhc10022673_20f.htm#2892176 Filing: 000114036121013089 The citation records this snapshot. The page link may show a newer release later.	−U002 672.56 million Calculation and evidence -495220000 − 177343000 U002 Exact free cash flow: -672563000 U002 2018-01-01 – 2018-12-31: -495220000 U002 · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 177343000 U002 · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Sea Ltd · 2018-12-31 Sea Ltd (edgar:1703399) Free cash flow: -672563000 U002 Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -495220000 U002 (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036121013089/brhc10022673_20f.htm#2882371 Filing: 000114036121013089 Input fundies:CapitalExpenditure: 177343000 U002 (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036121013089/brhc10022673_20f.htm#2892176 Filing: 000114036121013089 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	−U002 1.46 billion Exact value Exact value: -1462799000 U002 2019-01-01 – 2019-12-31: -1462799000 U002 Inspect Net Income Open source Share or cite Citation for Net Income · Sea Ltd · 2019-12-31 Sea Ltd (edgar:1703399) Net Income: -1462799000 U002 Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=U002&dimensions= Input fundies:NetIncome: -1462799000 U002 (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036122015578/brhc10036000_20f.htm#4783259 Filing: 000114036122015578 The citation records this snapshot. The page link may show a newer release later.	U002 69.87 million Exact value Exact value: 69865000 U002 2019-01-01 – 2019-12-31: 69865000 U002 Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Sea Ltd · 2019-12-31 Sea Ltd (edgar:1703399) Operating Cash Flow: 69865000 U002 Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=U002&dimensions= Input fundies:OperatingCashFlow: 69865000 U002 (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036122015578/brhc10036000_20f.htm#2311945 Filing: 000114036122015578 The citation records this snapshot. The page link may show a newer release later.	U002 239.84 million Exact value Exact value: 239844000 U002 2019-01-01 – 2019-12-31: 239844000 U002 Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Sea Ltd · 2019-12-31 Sea Ltd (edgar:1703399) Capital Expenditure: 239844000 U002 Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=U002&dimensions= Input fundies:CapitalExpenditure: 239844000 U002 (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036122015578/brhc10036000_20f.htm#2321686 Filing: 000114036122015578 The citation records this snapshot. The page link may show a newer release later.	−U002 169.98 million Calculation and evidence 69865000 − 239844000 U002 Exact free cash flow: -169979000 U002 2019-01-01 – 2019-12-31: 69865000 U002 · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 239844000 U002 · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Sea Ltd · 2019-12-31 Sea Ltd (edgar:1703399) Free cash flow: -169979000 U002 Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 69865000 U002 (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036122015578/brhc10036000_20f.htm#2311945 Filing: 000114036122015578 Input fundies:CapitalExpenditure: 239844000 U002 (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036122015578/brhc10036000_20f.htm#2321686 Filing: 000114036122015578 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	−U002 1.62 billion Exact value Exact value: -1618056000 U002 2020-01-01 – 2020-12-31: -1618056000 U002 Inspect Net Income Open source Share or cite Citation for Net Income · Sea Ltd · 2020-12-31 Sea Ltd (edgar:1703399) Net Income: -1618056000 U002 Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=U002&dimensions= Input fundies:NetIncome: -1618056000 U002 (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036123017021/brhc10050860_20f.htm#4878361 Filing: 000114036123017021 The citation records this snapshot. The page link may show a newer release later.	U002 555.87 million Exact value Exact value: 555868000 U002 2020-01-01 – 2020-12-31: 555868000 U002 Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Sea Ltd · 2020-12-31 Sea Ltd (edgar:1703399) Operating Cash Flow: 555868000 U002 Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=U002&dimensions= Input fundies:OperatingCashFlow: 555868000 U002 (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036123017021/brhc10050860_20f.htm#2321993 Filing: 000114036123017021 The citation records this snapshot. The page link may show a newer release later.	U002 336.27 million Exact value Exact value: 336274000 U002 2020-01-01 – 2020-12-31: 336274000 U002 Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Sea Ltd · 2020-12-31 Sea Ltd (edgar:1703399) Capital Expenditure: 336274000 U002 Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=U002&dimensions= Input fundies:CapitalExpenditure: 336274000 U002 (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036123017021/brhc10050860_20f.htm#2331925 Filing: 000114036123017021 The citation records this snapshot. The page link may show a newer release later.	U002 219.59 million Calculation and evidence 555868000 − 336274000 U002 Exact free cash flow: 219594000 U002 2020-01-01 – 2020-12-31: 555868000 U002 · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 336274000 U002 · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Sea Ltd · 2020-12-31 Sea Ltd (edgar:1703399) Free cash flow: 219594000 U002 Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 555868000 U002 (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036123017021/brhc10050860_20f.htm#2321993 Filing: 000114036123017021 Input fundies:CapitalExpenditure: 336274000 U002 (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036123017021/brhc10050860_20f.htm#2331925 Filing: 000114036123017021 The citation records this snapshot. The page link may show a newer release later.
2021 2021-01-01 – 2021-12-31	−U002 2.05 billion Exact value Exact value: -2046759000 U002 2021-01-01 – 2021-12-31: -2046759000 U002 Inspect Net Income Open source Share or cite Citation for Net Income · Sea Ltd · 2021-12-31 Sea Ltd (edgar:1703399) Net Income: -2046759000 U002 Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=U002&dimensions= Input fundies:NetIncome: -2046759000 U002 (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036124022429/ef20015280_20f.htm#4968040 Filing: 000114036124022429 The citation records this snapshot. The page link may show a newer release later.	U002 208.65 million Exact value Exact value: 208649000 U002 2021-01-01 – 2021-12-31: 208649000 U002 Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Sea Ltd · 2021-12-31 Sea Ltd (edgar:1703399) Operating Cash Flow: 208649000 U002 Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=U002&dimensions= Input fundies:OperatingCashFlow: 208649000 U002 (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036124022429/ef20015280_20f.htm#2396734 Filing: 000114036124022429 The citation records this snapshot. The page link may show a newer release later.	U002 772.18 million Exact value Exact value: 772177000 U002 2021-01-01 – 2021-12-31: 772177000 U002 Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Sea Ltd · 2021-12-31 Sea Ltd (edgar:1703399) Capital Expenditure: 772177000 U002 Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=U002&dimensions= Input fundies:CapitalExpenditure: 772177000 U002 (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036124022429/ef20015280_20f.htm#2406916 Filing: 000114036124022429 The citation records this snapshot. The page link may show a newer release later.	−U002 563.53 million Calculation and evidence 208649000 − 772177000 U002 Exact free cash flow: -563528000 U002 2021-01-01 – 2021-12-31: 208649000 U002 · Inspect Operating Cash Flow · Source 2021-01-01 – 2021-12-31: 772177000 U002 · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Sea Ltd · 2021-12-31 Sea Ltd (edgar:1703399) Free cash flow: -563528000 U002 Concept: free-cash-flow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 208649000 U002 (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036124022429/ef20015280_20f.htm#2396734 Filing: 000114036124022429 Input fundies:CapitalExpenditure: 772177000 U002 (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036124022429/ef20015280_20f.htm#2406916 Filing: 000114036124022429 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	−U002 1.65 billion Exact value Exact value: -1651421000 U002 2022-01-01 – 2022-12-31: -1651421000 U002 Inspect Net Income Open source Share or cite Citation for Net Income · Sea Ltd · 2022-12-31 Sea Ltd (edgar:1703399) Net Income: -1651421000 U002 Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=U002&dimensions= Input fundies:NetIncome: -1651421000 U002 (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036124022429/ef20015280_20f.htm#4968903 Filing: 000114036124022429 The citation records this snapshot. The page link may show a newer release later.	−U002 1.06 billion Exact value Exact value: -1055692000 U002 2022-01-01 – 2022-12-31: -1055692000 U002 Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Sea Ltd · 2022-12-31 Sea Ltd (edgar:1703399) Operating Cash Flow: -1055692000 U002 Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=U002&dimensions= Input fundies:OperatingCashFlow: -1055692000 U002 (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036124022429/ef20015280_20f.htm#2397744 Filing: 000114036124022429 The citation records this snapshot. The page link may show a newer release later.	U002 924.18 million Exact value Exact value: 924178000 U002 2022-01-01 – 2022-12-31: 924178000 U002 Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Sea Ltd · 2022-12-31 Sea Ltd (edgar:1703399) Capital Expenditure: 924178000 U002 Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=U002&dimensions= Input fundies:CapitalExpenditure: 924178000 U002 (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036124022429/ef20015280_20f.htm#2407903 Filing: 000114036124022429 The citation records this snapshot. The page link may show a newer release later.	−U002 1.98 billion Calculation and evidence -1055692000 − 924178000 U002 Exact free cash flow: -1979870000 U002 2022-01-01 – 2022-12-31: -1055692000 U002 · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 924178000 U002 · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Sea Ltd · 2022-12-31 Sea Ltd (edgar:1703399) Free cash flow: -1979870000 U002 Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -1055692000 U002 (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036124022429/ef20015280_20f.htm#2397744 Filing: 000114036124022429 Input fundies:CapitalExpenditure: 924178000 U002 (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036124022429/ef20015280_20f.htm#2407903 Filing: 000114036124022429 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	U002 150.73 million Exact value Exact value: 150726000 U002 2023-01-01 – 2023-12-31: 150726000 U002 Inspect Net Income Open source Share or cite Citation for Net Income · Sea Ltd · 2023-12-31 Sea Ltd (edgar:1703399) Net Income: 150726000 U002 Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=U002&dimensions= Input fundies:NetIncome: 150726000 U002 (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#5137174 Filing: 000114036126015366 The citation records this snapshot. The page link may show a newer release later.	U002 2.08 billion Exact value Exact value: 2079688000 U002 2023-01-01 – 2023-12-31: 2079688000 U002 Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Sea Ltd · 2023-12-31 Sea Ltd (edgar:1703399) Operating Cash Flow: 2079688000 U002 Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=U002&dimensions= Input fundies:OperatingCashFlow: 2079688000 U002 (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#2533514 Filing: 000114036126015366 The citation records this snapshot. The page link may show a newer release later.	U002 241.61 million Exact value Exact value: 241605000 U002 2023-01-01 – 2023-12-31: 241605000 U002 Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Sea Ltd · 2023-12-31 Sea Ltd (edgar:1703399) Capital Expenditure: 241605000 U002 Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=U002&dimensions= Input fundies:CapitalExpenditure: 241605000 U002 (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#2543154 Filing: 000114036126015366 The citation records this snapshot. The page link may show a newer release later.	U002 1.84 billion Calculation and evidence 2079688000 − 241605000 U002 Exact free cash flow: 1838083000 U002 2023-01-01 – 2023-12-31: 2079688000 U002 · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 241605000 U002 · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Sea Ltd · 2023-12-31 Sea Ltd (edgar:1703399) Free cash flow: 1838083000 U002 Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 2079688000 U002 (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#2533514 Filing: 000114036126015366 Input fundies:CapitalExpenditure: 241605000 U002 (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#2543154 Filing: 000114036126015366 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	U002 444.32 million Exact value Exact value: 444321000 U002 2024-01-01 – 2024-12-31: 444321000 U002 Inspect Net Income Open source Share or cite Citation for Net Income · Sea Ltd · 2024-12-31 Sea Ltd (edgar:1703399) Net Income: 444321000 U002 Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=U002&dimensions= Input fundies:NetIncome: 444321000 U002 (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#5137991 Filing: 000114036126015366 The citation records this snapshot. The page link may show a newer release later.	U002 3.28 billion Exact value Exact value: 3277420000 U002 2024-01-01 – 2024-12-31: 3277420000 U002 Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Sea Ltd · 2024-12-31 Sea Ltd (edgar:1703399) Operating Cash Flow: 3277420000 U002 Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=U002&dimensions= Input fundies:OperatingCashFlow: 3277420000 U002 (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#2534579 Filing: 000114036126015366 The citation records this snapshot. The page link may show a newer release later.	U002 318.15 million Exact value Exact value: 318153000 U002 2024-01-01 – 2024-12-31: 318153000 U002 Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Sea Ltd · 2024-12-31 Sea Ltd (edgar:1703399) Capital Expenditure: 318153000 U002 Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=U002&dimensions= Input fundies:CapitalExpenditure: 318153000 U002 (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#2544141 Filing: 000114036126015366 The citation records this snapshot. The page link may show a newer release later.	U002 2.96 billion Calculation and evidence 3277420000 − 318153000 U002 Exact free cash flow: 2959267000 U002 2024-01-01 – 2024-12-31: 3277420000 U002 · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 318153000 U002 · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Sea Ltd · 2024-12-31 Sea Ltd (edgar:1703399) Free cash flow: 2959267000 U002 Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 3277420000 U002 (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#2534579 Filing: 000114036126015366 Input fundies:CapitalExpenditure: 318153000 U002 (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#2544141 Filing: 000114036126015366 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	U002 1.58 billion Exact value Exact value: 1578149000 U002 2025-01-01 – 2025-12-31: 1578149000 U002 Inspect Net Income Open source Share or cite Citation for Net Income · Sea Ltd · 2025-12-31 Sea Ltd (edgar:1703399) Net Income: 1578149000 U002 Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=U002&dimensions= Input fundies:NetIncome: 1578149000 U002 (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#5138808 Filing: 000114036126015366 The citation records this snapshot. The page link may show a newer release later.	U002 5.02 billion Exact value Exact value: 5024523000 U002 2025-01-01 – 2025-12-31: 5024523000 U002 Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Sea Ltd · 2025-12-31 Sea Ltd (edgar:1703399) Operating Cash Flow: 5024523000 U002 Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=U002&dimensions= Input fundies:OperatingCashFlow: 5024523000 U002 (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#2535644 Filing: 000114036126015366 The citation records this snapshot. The page link may show a newer release later.	U002 513.81 million Exact value Exact value: 513809000 U002 2025-01-01 – 2025-12-31: 513809000 U002 Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Sea Ltd · 2025-12-31 Sea Ltd (edgar:1703399) Capital Expenditure: 513809000 U002 Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399/explain?concept=fundies%3ACapitalExpenditure&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=U002&dimensions= Input fundies:CapitalExpenditure: 513809000 U002 (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#2545128 Filing: 000114036126015366 The citation records this snapshot. The page link may show a newer release later.	U002 4.51 billion Calculation and evidence 5024523000 − 513809000 U002 Exact free cash flow: 4510714000 U002 2025-01-01 – 2025-12-31: 5024523000 U002 · Inspect Operating Cash Flow · Source 2025-01-01 – 2025-12-31: 513809000 U002 · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Sea Ltd · 2025-12-31 Sea Ltd (edgar:1703399) Free cash flow: 4510714000 U002 Concept: free-cash-flow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T08:02:25Z Snapshot: bca8be5af4eafac84feabcb762b4d52f4ed4791019564ce8479edc33aef917c2 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1703399?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 5024523000 U002 (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#2535644 Filing: 000114036126015366 Input fundies:CapitalExpenditure: 513809000 U002 (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1703399/000114036126015366/ef20067274_20f.htm#2545128 Filing: 000114036126015366 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

72 filings · 1,724 latest values · 1,724 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001703399, 1703399, SE, edgar:1703399

Also known as SEA LTD, Sea Limited, Sea Ltd

Sea Ltd

Latest fiscal year

Revenue

Operating margin

Operating cash flow

Free cash flow

Reported share-count change

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation