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Profile & Fundamentals

Sea Profile & Fundamentals

Name: Sea financial chart data preview
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Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

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Company and Market Context

Company Profile & Ownership

Sea Limited, through its subsidiaries, operates as a technology company in Southeast Asia, Latin America, the rest of Asia, and internationally. The company operates through E-commerce, Digital Financial Services, and Digital Entertainment segments. It offers Garena, a digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations and develops games. The company also operates the Shopee e-commerce platform, a mobile-centric marketplace that provides integrated payments, logistics and fulfillment infrastructure, and other value-added services. In addition, it offers Monee digital financial services comprising consumer, and small and medium-sized enterprises (SME) credit, e- wallets, payment processing, banking, Insurtech, and wealth services; and acts as an underwriter for various life and non-life insurance products under the MoneeInsure tradename, as well as insurance agency services. It serves buyers, such as individuals and households; and sellers, including small and medium businesses, brands, and large retailers. The company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in April 2017. Sea Limited was incorporated in 2009 and is headquartered in Singapore.

Company profile record

Sea Ltd

Common Stock · Consumer Discretionary · Broadline Retail

Official website

Company

Company / asset: Sea Ltd
Security type: Common Stock
Sector: Consumer Discretionary
Industry: Broadline Retail
HQ: 🇸🇬 Singapore
Head office: 1 Fusionopolis Place, Singapore, Singapore, 138522

Leadership & scale

Chief executive: Mr. Xiaodong Li
CEO year born: 1978
Full-time employees: 102.7K
Fiscal year end: December
IPO date: 2017-10-20

Fundamentals snapshot

Updated 2026-09-16

Market Cap: USD 66.6B
P/E: 40.7x
Revenue (Q2 26): USD 7.8B
Profit (Q2 26): USD 440.8M
Dividend Yield: --
Revenue (FY 25): USD 22.9B
Shares in public float: 418.5M
Insider ownership: 26.05%

Reporting & identifiers

Symbol: SE.NYSE
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US81141R1005
Asset ID: equity_4b443ba6-d413-5851-a560-431dd9491d00

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

Baillie Gifford & Co Limited.38,409,385 shares · 6.27% · Reported 2026-06-30
WCM Investment Management33,746,475 shares · 5.51% · Reported 2026-03-31
T. Rowe Price Associates, Inc.33,410,683 shares · 5.45% · Reported 2026-03-31
BlackRock Inc20,942,475 shares · 3.42% · Reported 2026-03-31
FMR Inc14,041,735 shares · 2.29% · Reported 2026-03-31
Tiger Technology Management LLC12,559,152 shares · 2.05% · Reported 2026-06-30
Vanguard International Growth Inv10,540,496 shares · 1.72% · Reported 2026-06-30

View more holders (8)

JPMorgan Chase & Co9,347,213 shares · 1.53% · Reported 2026-03-31
WCM Inv Mgt Focused Growth Intl8,373,407 shares · 1.37% · Reported 2026-06-30
WCM Focused International Growth Instl8,373,407 shares · 1.37% · Reported 2026-06-30
Schroder Investment Management Group7,646,820 shares · 1.25% · Reported 2026-06-30
State Street Corp7,253,356 shares · 1.18% · Reported 2026-03-31
Temasek Holdings Ltd.5,744,587 shares · 0.94% · Reported 2026-06-30
NORGES BANK5,636,101 shares · 0.92% · Reported 2026-06-30
Artisan Partners Limited Partnership5,466,001 shares · 0.89% · Reported 2026-06-30

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The company has achieved a remarkable financial turnaround, shifting from massive losses to generating billions in positive net income and free cash flow. Revenue continues to grow at a very strong pace, driven by the rapid expansion of the digital banking segment and steady shopping volumes. Most reports agree that the company is now a self-funding powerhouse that does not need to borrow expensive money to grow. However, there is some disagreement about the near-term outlook. Some experts worry that high fuel costs and inflation will temporarily squeeze shopping profits, while others believe the high-margin digital loan business will easily offset these pressures. Overall, the financial health of the company is incredibly strong, but investors should expect some minor ups and downs in profits as they navigate a tough global economy.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The company's profit margins are improving beautifully as they shift from expensive customer subsidies to extracting steady profits. Gross margins are very healthy, and operating margins have finally turned positive. This positive trend is driven by two main factors: the highly profitable digital banking segment and the rising fees they charge to merchants on their shopping platform. While some experts warn that near-term margins might face slight pressure due to defensive spending against social media competitors and higher fuel costs, the long-term outlook is highly favorable. The stock looks very cheap when compared to the massive amount of cash the business is actually pocketing. As the high-margin banking side of the business continues to grow faster than the retail side, overall are expected to widen significantly, making this a highly attractive opportunity for patient investors.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-17.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	345,670,000	-139,265,000	-222,867,000	32.71	-59.42	-64.47	-40.29
2017-12-31	414,190,000	-413,976,000	-560,485,000	21.08	-121.29	-135.32	-99.95
2018-12-31	826,968,000	-673,705,000	-961,241,000	1.78	-119.57	-116.24	-81.47
2019-12-31	2,175,378,000	-177,233,000	-1,462,799,000	27.81	-40.97	-67.24	-8.15
2020-12-31	4,375,664,000	219,594,000	-1,618,056,000	30.83	-29.79	-36.98	5.02
2021-12-31	9,955,190,000	-598,527,000	-2,046,759,000	39.13	-15.9	-20.56	-6.01
2022-12-31	12,449,705,000	-2,031,975,000	-1,651,421,000	41.65	-11.95	-13.26	-16.32
2023-12-31	13,063,560,000	1,821,427,000	150,726,000	44.66	1.72	1.15	13.94
2024-12-31	16,819,866,000	2,955,827,000	444,321,000	42.84	3.94	2.64	17.57
2025-12-31	22,938,469,000	4,514,040,000	1,578,149,000	44.66	8.13	6.88	19.68

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	51.43	Trailing four quarters
2024-12-31	144.86	Trailing four quarters
2023-12-31	91.95	Trailing four quarters

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	293,324,600
2018-01-01	340,397,600
2019-01-01	460,325,700
2020-01-01	494,805,100
2021-01-01	553,635,500
2022-01-01	611,938,700
2023-01-01	570,937,800
2024-01-01	610,136,800
2025-01-01	639,526,900
2026-01-01	654,451,400

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Earnings, Profitability & Valuation
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Capital Expenditure & R&D
- Capital allocation AI review
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Balance Sheet
- Balance sheet AI review
- Assets, debt and equity
- Capital structure
- Liquidity and leverage
- Retained earnings
Dividends & Actions
- Cash dividends paid
- Dividend indicators
- Buybacks and issuance
- Combined shareholder returns
- Available corporate actions
Company Events
- Dated insider transactions
- Material company activity

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