Sea Ltd
About Sea Ltd
Sea started as a gaming business, Garena, but in 2015 expanded into e-commerce. Sea operates Southeast Asia's largest e-commerce company, Shopee, in terms of gross merchandise value. Shopee is a hybrid consumer-to-consumer and business-to-consumer marketplace platform operating in Indonesia, Taiwan, Vietnam, Thailand, Malaysia, the Philippines, and Brazil. For Garena, Free Fire is the key revenue-generating game. Sea's third business, Monee, provides lending, payment, digital banking, and insurance services. As of March 2025, Forrest Li, the founder, chair, and CEO, owned 59.1% of the voting power. Tencent owned 18.5% of issued shares with no voting power.
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Financial summary
- Revenue FY2025
- $19.6B
- Net income
- $1.6B
- Total assets
- $29.4B
- Market cap
- $53.0B
- Operating margin
- 31.7%
- Net margin
- 20.7%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $4.9B
- Operating expenses
- $1.6B
- Operating income
- $1.6B
- Income tax
- $216.0M
- Net income
- $1.0B
Balance sheet
- Total assets
- $36.8B
- Current assets
- $1.8B
- Total liabilities
- $25.3B
- Current liabilities
- $3.9B
- Shareholders’ equity
- $11.5B
Cash flow
- Operating cash flow
- $2.0B
- Investing cash flow
- -$3.8B
- Financing cash flow
- $1.9B
- Net cash flow
- $92.0M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year
52-week range
- Market cap
- $53.0B
- Shares outstanding
- 627.5M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Oct 20, 2017
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Profitable — net income of $1.6B in FY2025.
- Revenue declined 3% from FY2012 to FY2016.
- Trading 57% below its 52-week high.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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News about Sea Ltd
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