Stocks Consumer discretionary SE
NYSE · Consumer discretionarySea Ltd (SE)
Sea Ltd reported revenue of $22.9B in fiscal 2025, up 36.4% from a year earlier. Net income was $1.6B, a net margin of 6.9%. Operating cash flow minus capital spending left $4.5B of free cash flow in fiscal 2025. At December 31, 2025 it held $4.2B in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 17, 2026.
Key facts about Sea Ltd
- Net worth
- Sea Ltd has a market value (market cap) of $59.3B at the latest share price, and shareholders' equity of $12.5B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $22.9B (+36.4% year on year), with net income of $1.6B.
- Cash flow
- In fiscal 2025 operations brought in $5B of cash; after $513.8M of capital spending, free cash flow was $4.5B.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 17, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What Sea Ltd does
Sea operates digital entertainment, e-commerce, and digital financial services businesses across Southeast Asia, Taiwan, and Latin America. Its platforms include Garena, an online game developer and publisher, Shopee, an online shopping marketplace, and SeaMoney, a digital payments and financial services provider. Its shares trade on NYSE under the ticker SE.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $22.9B | $1.6B | $2.52 | $4.5B |
| 2024 | $16.8B | $444.3M | $0.74 | $3B |
| 2023 | $13.1B | $150.7M | $0.25 | $1.8B |
| 2022 | $12.4B | -$1.7B | -$2.96 | -$2B |
| 2021 | $10B | -$2B | -$3.84 | -$563.5M |
| 2020 | $4.4B | -$1.6B | -$3.39 | $219.6M |
Full financial statements: income, balance sheet and cash flow
Where SE ranks in Consumer discretionary
Latest SEC filings
What Sea Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 25, 2026
- August 11, 2026
- May 15, 2026Passive stake (5% or more) SCHEDULE 13G
- May 12, 2026
- April 17, 2026Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue rose 36% to $22.9B versus the prior year; diluted EPS $2.52 versus $0.74.
- April 6, 2026Passive stake (5% or more) SCHEDULE 13G
- March 3, 2026
- January 16, 2026Passive stake changed SCHEDULE 13G/A
- January 2, 2026Activist stake changed SCHEDULE 13D/A
- November 17, 2025
Insider trades
What the people running Sea Ltd did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $341.9M worth of shares in the last 90 days and bought none on the open market. Most of the selling (99%) was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 2, 2026 | Wang YanjunCCO and GC | Soldpre-planned (10b5-1), indirect | 679 | $64.4K |
| October 2, 2026 | Wang YanjunCCO and GC | Soldpre-planned (10b5-1), indirect | 295 | $28.2K |
| October 2, 2026 | Wang YanjunCCO and GC | Soldpre-planned (10b5-1), indirect | 26 | $2.5K |
| October 1, 2026 | Wang YanjunCCO and GC | Soldpre-planned (10b5-1), indirect | 272 | $25.7K |
| October 1, 2026 | Wang YanjunCCO and GC | Soldpre-planned (10b5-1), indirect | 604 | $57.5K |
| October 1, 2026 | Wang YanjunCCO and GC | Soldpre-planned (10b5-1), indirect | 124 | $11.9K |
| October 1, 2026 | Zhao FengPresident of Garena | Soldpre-planned (10b5-1), indirect | 17,391 | $1.6M |
| October 1, 2026 | Zhao FengPresident of Garena | Soldpre-planned (10b5-1), indirect | 15,146 | $1.4M |
Who owns SE
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Li Xiaodong13D, may seek influence with 1 related filers | 16.1% | January 2, 2026 |
| Baillie Gifford & Co13G, passive | 7.8% | February 12, 2025 |
| WCM Investment Management, LLC13G, passive | 6.17% | April 6, 2026 |
| T. Rowe Price Associates, Inc.13G, passive | 6.1% | May 15, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 775 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Baillie Gifford & Co | 38,409,385 | -1,244,687 |
| Wcm Investment Management, LLC | 33,881,192 | +134,717 |
| BlackRock, Inc. | 21,183,402 | +240,927 |
| Fmr LLC | 15,403,524 | +1,361,789 |
| Tiger Global Management LLC | 12,559,152 | -2,856,683 |
| Jpmorgan Chase & Co | 8,186,557 | -1,160,656 |
| Schroder Investment Management Group | 7,646,820 | +1,376,433 |
| State Street Corp | 7,280,311 | +26,955 |
| Temasek Holdings (Private) Ltd | 5,744,587 | +461,726 |
| Viking Global Investors LP | 5,669,877 | +932,681 |
| Norges Bank | 5,636,101 | new |
| Artisan Partners Limited Partnership | 5,466,001 | +111,538 |
| Morgan Stanley | 4,983,519 | +356,880 |
| Capital Research Global Investors | 4,448,477 | +2,180,430 |
| FIL Ltd | 3,897,433 | +8,789 |
| Goldman Sachs Group Inc | 3,839,842 | -101,457 |
| Kora Management LP | 3,792,812 | +229,714 |
| Geode Capital Management, LLC | 3,812,164 | +38,454 |
| Bank of America Corp | 3,745,687 | +2,070,091 |
| Fred Alger Management, LLC | 3,609,683 | +238,985 |
Insiders
10 insiders reported holding 42,054,682 shares in total, about $4.07B at the last price.
| Holder | Shares |
|---|---|
| Ye GangCOO, Director | 22,995,197598,792 held indirectly |
| Chen JingyeCPO, Shopee | 9,126,574 |
| Li XiaodongChairman and CEO, Director | 2,701,7971,227,828 held indirectly |
| Hou TianyuCFO | 2,463,0155,000 held indirectly |
| Zhao FengPresident of Garena | 1,783,70893,580 held indirectly |
| Wang YanjunCCO and GC | 1,310,62287,780 held indirectly |
| Feng ZhiminPresident | 1,212,260208,291 held indirectly |
| Ma David YDirector | 199,775199,775 held indirectly |
| Heng Chen SengDirector | 164,904 |
| KUOK Khoon HuaDirector | 96,830 |
Questions about SE
What does Sea Ltd do?
Sea operates digital entertainment, e-commerce, and digital financial services businesses across Southeast Asia, Taiwan, and Latin America. Its platforms include Garena, an online game developer and publisher, Shopee, an online shopping marketplace, and SeaMoney, a digital payments and financial services provider. Its shares trade on NYSE under the ticker SE.
What is Sea Ltd's net worth?
Sea Ltd has a market value (market cap) of $59.3B at the latest share price, and shareholders' equity of $12.5B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Sea Ltd profitable?
Yes. In fiscal 2025 it reported net income of $1.6B on revenue of $22.9B, a net margin of 6.9%.
How much revenue does Sea Ltd make?
In fiscal 2025 Sea Ltd reported revenue of $22.9B. That is 36.4% more than a year earlier.
When did Sea Ltd last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 17, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the insider trade from October 5, 2026.
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Follow SE: get an email when it filesWhere the numbers come from
Financial figures are the values Sea Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.