← Sea Ltd
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $345.7m |
$414.2m
+19.82%
|
$827.0m
+99.66%
|
$2.2b
+163.05%
|
$4.4b
+101.14%
|
$10.0b
+127.51%
|
$12.4b
+25.06%
|
$13.1b
+4.93%
|
$16.8b
+28.75%
|
$22.9b
+36.38%
|
$25.2b
+9.84%
|
|
| Other Cost of Operating Revenue | $47.3m | $108.9m | — | — | — | — | — | — | — | — | — | |
| Cost of Revenue | $232.6m |
$326.9m
+40.53%
|
$536.6m
+64.16%
|
$1.6b
+192.67%
|
$3.0b
+92.73%
|
$6.1b
+100.20%
|
$7.3b
+19.89%
|
$7.2b
-0.48%
|
$9.6b
+32.99%
|
$12.7b
+32.03%
|
$14.0b
+10.61%
|
|
| Gross Profit | $113.1m |
$87.3m
-22.78%
|
$14.8m
-83.10%
|
$604.9m
+3998.93%
|
$1.3b
+122.99%
|
$3.9b
+188.81%
|
$5.2b
+33.10%
|
$5.8b
+12.50%
|
$7.2b
+23.51%
|
$10.2b
+42.17%
|
$11.2b
+8.88%
|
|
| Research and Development Expense | $20.8m | $29.3m | $67.5m | $156.6m | $353.8m | $831.7m | $1.4b | $1.2b | $1.2b | $1.2b | $1.2b | |
| Selling and Marketing Expense | $187.4m | $426.0m | $705.0m | $969.5m | $1.8b | $3.8b | $3.3b | $2.8b | $3.5b | $4.5b | $6.4b | |
| Sales and marketing expenses | ($187.4m) | ($426.0m) | ($705.0m) | ($969.5m) | ($1.8b) | ($3.8b) | ($3.3b) | ($2.8b) | ($3.5b) | ($4.5b) | — | |
| General and Administrative Expense | $112.4m | $137.9m | $240.8m | $385.9m | $657.2m | $1.1b | $1.4b | $1.1b | $1.3b | $1.4b | $1.5b | |
| Amortization of Intangible Assets | $21.6m | $17.6m | $23.8m | $4.8m | $11.7m | $18.4m | $23.4m | $28.6m | $35.2m | $20.3m | — | |
| Operating Expenses | $318.5m | $589.7m | $1.0b | $1.5b | $2.7b | $5.5b | $6.7b | $5.6b | $6.5b | $8.3b | $9.0b | |
| Other Operating Income | $2.1m | $3.5m | $9.8m | ($891.2m) | ($1.3b) | ($1.6b) | ($1.5b) | $224.8m | $662.2m | $2.0b | $2.1b | |
| Operating Income (Loss) | ($205.4m) |
($502.4m)
-144.59%
|
($988.8m)
-96.83%
|
($891.2m)
+9.86%
|
($1.3b)
-46.24%
|
($1.6b)
-21.46%
|
($1.5b)
+6.04%
|
$224.8m
+115.11%
|
$662.2m
+194.58%
|
$2.0b
+199.83%
|
$2.1b
+6.88%
|
|
| Interest Expense | $23k | $26.5m | $31.3m | $48.2m | $148.2m | $138.9m | $45.4m | $41.1m | $38.3m | $33.6m | $26.2m | |
| Interest Expense, Debt | — | — | — | $14.3m | $35.5m | $36.2m | $36.5m | $34.3m | $32.7m | $28.1m | $26.2m | |
| Investment Income, Interest | $741k | $2.9m | $11.5m | $33.9m | $24.8m | $36.1m | $115.5m | $331.3m | $365.8m | $331.1m | — | |
| Interest income | $741k | $2.9m | $11.5m | $33.9m | $24.8m | $36.1m | $115.5m | $331.3m | $365.8m | $331.1m | $309.4m | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | ($52.0m) | $41.3m | ($472.9m) | ($87k) | $0 | $0 | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($507k) | ($5.2m) | $10.2m | $292k | ($11.3m) | $45.2m | ($41.7m) | ($3.8m) | $30.8m | ($4.2m) | — | |
| Foreign Currency Transaction Gain (Loss), Realized | ($1.6m) | ($4.2m) | $4.8m | ($2.0m) | ($38.6m) | $14.2m | ($75.5m) | $4.5m | ($3.2m) | $20.5m | — | |
| Gain (Loss) on Investments | $9.4m | $33.6m | $8.6m | $11.8m | ($17.8m) | ($43.5m) | ($207.3m) | ($125.7m) | ($250.2m) | ($43.4m) | — | |
| Foreign exchange gain (loss) | ($1.6m) | ($4.2m) | $4.8m | ($2.0m) | ($38.6m) | $14.2m | ($75.5m) | $4.5m | ($3.2m) | $20.5m | — | |
| Income (Loss) from Equity Method Investments | ($19.5m) | ($1.9m) | ($3.1m) | ($3.2m) | $721k | $5.0m | $11.2m | ($7.0m) | ($9.8m) | ($18.9m) | — | |
| Nonoperating Income (Expense) | $8.5m | ($46.2m) | $34.9m | ($477.4m) | ($179.9m) | ($132.1m) | ($13.0m) | $207.6m | $116.6m | $295.6m | — | |
| Other Expenses | — | — | — | — | — | — | — | — | — | $662.0m | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | — | — | — | — | — | $1.0b | $2.4b | |
| Income before income tax and share of results of equity investees | ($196.9m) | ($548.5m) | ($953.9m) | ($1.4b) | ($1.5b) | ($1.7b) | ($1.5b) | $432.4m | $778.8m | $2.3b | $2.4b | |
| Current Income Tax Expense (Benefit) | $2.4m | $6.9m | $7.9m | $56.3m | $117.6m | $290.0m | $272.1m | $317.9m | $468.9m | — | $728.8m | |
| Income Tax Expense (Benefit) | $8.5m | $10.7m | $4.1m | $85.9m | $141.6m | $332.9m | $168.4m | $262.7m | $321.2m | $651.1m | $728.8m | |
| Net income attributable to non-controlling interests | $2.1m | $681k | ($207k) | ($5.1m) | $6.1m | ($3.7m) | $6.4m | ($12.0m) | ($3.5m) | ($32.7m) | — | |
| Net Income (Loss) Attributable to Parent | ($222.9m) |
($560.5m)
-151.49%
|
($961.2m)
-71.50%
|
($1.5b)
-52.18%
|
($1.6b)
-10.61%
|
($2.0b)
-26.49%
|
($1.7b)
+19.32%
|
$150.7m
+109.13%
|
$444.3m
+194.79%
|
$1.6b
+255.18%
|
$1.6b
+1.58%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | ($225.0m) |
($561.2m)
-149.46%
|
($961.0m)
-71.26%
|
($1.5b)
-51.68%
|
($1.6b)
-11.42%
|
($2.0b)
-25.79%
|
($1.7b)
+18.86%
|
$162.7m
+109.81%
|
$446.0m
+174.15%
|
$1.6b
+253.85%
|
$1.6b
+1.58%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | ($2.1m) | ($681k) | $207k | $5.1m | ($6.1m) | $3.7m | ($6.4m) | $12.0m | $3.5m | $32.7m | $1.6b | |
| Earnings Per Share, Basic | — | — | — | ($3.35) | ($3.39) | ($3.84) | ($2.96) | $0.27 | $0.77 | $2.65 | $2.67 | |
| Earnings Per Share, Diluted | ($1.30) | ($2.72) | ($2.84) | ($3.35) | ($3.39) | ($3.84) | ($2.96) | $0.25 | $0.74 | $2.52 | $2.54 | |
| Basic (in shares) | — | — | — | $436.6m | $477.3m | $532.7m | $558.1m | $566.6m | $575.0m | $595.0m | $600.3m | |
| Diluted (in shares) | — | — | — | $436.6m | $477.3m | $532.7m | $558.1m | $594.4m | $604.7m | $638.2m | $638.6m | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | — | $436.6m | $477.3m | 532.7m | 558.1m | 566.6m | 575.0m | 595.0m | 600.3m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | $436.6m | $477.3m | 532.7m | 558.1m | 594.4m | 604.7m | 638.2m | 638.6m | |
| Additional Financial Items | ||||||||||||
| Goodwill, Impairment Loss | — | $0 | — | $0 | $0 | $0 | $354.9m | $117.9m | $0 | $0 | $0 | |
| Provision for credit losses | — | — | — | — | ($57.5m) | ($117.4m) | ($513.7m) | ($633.9m) | ($776.9m) | ($1.4b) | — | |
| Impairment of goodwill | — | — | — | — | $0 | $0 | ($354.9m) | ($117.9m) | $0 | $0 | — | |
| Net investment loss | $9.4m | $33.6m | $8.6m | $11.8m | ($17.8m) | ($43.5m) | ($207.3m) | ($125.7m) | ($250.2m) | ($43.4m) | — | |
| Gain on debt extinguishment | — | — | — | — | ($24.4m) | ($2.1m) | $199.7m | $38.5m | $42.6m | $21.0m | — | |
| Share of results of equity investees | ($19.5m) | ($1.9m) | ($3.1m) | ($3.2m) | $721k | $5.0m | $11.2m | ($7.0m) | ($9.8m) | ($18.9m) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.