Sea
SE
94.66
-1.87
-1.94%
Sea
US · SE
#350 by market cap
Listed 2017
94.66
-1.87
-1.94%
Live - 5344 symbols - heartbeat 77s ago
· 2026-10-08 07:00
Pre-market
92.31
-2.48%
After-hours
94.97
+0.33%
Overnight
92.48
-2.30%
- Market cap
- 57.98B
- P/E (TTM)i
- 36.55
- P/Bi
- 4.49
- EPSi
- 2.52
- Div yieldi
- 0.00%
- 52W posi
- 16%
Reader sentiment
Are you bullish or bearish on SE?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 3.12, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +36.38% YoY
Margins
- Gross margin
- 44.66%
- Operating margin
- 8.65%
- Net margin
- 6.88%
Key ratios & quality
- Enterprise valuei
- 49.63B
- Altman Z-Scorei
- 3.12
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 826.97M | 2.18B | 4.38B | 9.96B | 12.45B | 13.06B | 16.82B | 22.94B |
| Gross profit | 14.76M | 604.92M | 1.35B | 3.90B | 5.19B | 5.83B | 7.21B | 10.24B |
| Selling & admin expenses | 945.80M | 1.36B | 2.43B | 4.82B | 4.71B | 3.91B | 4.74B | 5.85B |
| Research & development | 67.53M | 156.63M | 353.79M | 831.70M | 1.38B | 1.16B | 1.21B | 1.16B |
| Operating profit | -988.77M | -891.23M | -1.30B | -1.58B | -1.13B | 342.65M | 662.15M | 1.99B |
| Pretax profit | -953.88M | -1.37B | -1.48B | -1.72B | -1.50B | 432.39M | 778.78M | 2.28B |
| Tax | 4.09M | 85.86M | 141.64M | 332.87M | 168.40M | 262.68M | 321.17M | 651.08M |
| Net profit | -961.03M | -1.46B | -1.62B | -2.04B | -1.66B | 162.68M | 447.83M | 1.61B |
| Basic EPS | -3 | -3 | -3 | -4 | -3 | 0 | 1 | 3 |
| Diluted EPS | -2.84 | -3.35 | -3.39 | -3.84 | -2.96 | 0.25 | 0.74 | 2.52 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 4.84B | 5.26B | 5.99B | 6.85B | 7.10B | 7.79B |
| Gross profit | 2.24B | 2.41B | 2.60B | 3.00B | 3.15B | 3.55B |
| Selling & admin expenses | 1.24B | 1.33B | 1.49B | 1.79B | 1.82B | 2.05B |
| Research & development | 295.86M | 297.43M | 286.28M | 277.59M | 296.67M | 314.16M |
| Operating profit | 456.40M | 487.72M | 475.95M | 565.24M | 592.99M | 650.33M |
| Pretax profit | 545.61M | 571.02M | 537.12M | 627.11M | 654.78M | 715.87M |
| Tax | 136.32M | 144.06M | 161.10M | 209.61M | 214.00M | 250.60M |
| Net profit | 410.83M | 414.20M | 374.99M | 410.88M | 438.22M | 458.12M |
| Basic EPS | 1 | 1 | 1 | 1 | 1 | 1 |
| Diluted EPS | 0.65 | 0.65 | 0.59 | 0.63 | 0.67 | 0.70 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 1.71B | 4.41B | 8.94B | 15.14B | 12.69B | 11.77B | 16.86B | 23.25B |
| Cash & ST investments | 1.00B | 3.22B | 6.29B | 10.16B | 6.89B | 5.36B | 8.62B | 10.57B |
| Inventory | 37.69M | 26.93M | 64.22M | 117.50M | 109.67M | 125.40M | 143.25M | 222.58M |
| Total assets | 2.19B | 5.22B | 10.46B | 18.76B | 17.00B | 18.88B | 22.63B | 29.37B |
| Total current liabilities | 1.19B | 2.36B | 4.64B | 7.18B | 6.94B | 8.17B | 11.30B | 14.68B |
| Short-term debt | 856.00K | 89.01M | 74.56M | 288.01M | 392.75M | 592.93M | 1.58B | 1.71B |
| Long-term debt | 1.06B | 1.36B | 1.84B | 3.48B | 3.34B | 3.07B | 1.73B | 510.40M |
| Total liabilities | 2,432,124,000.00 | 4,051,517,000.00 | 7,035,432,000.00 | 11,331,616,000.00 | 11,191,972,000.00 | 12,185,647,000.00 | 14,147,893,000.00 | 16,722,651,000.00 |
| Total equity | -239.46M | 1.17B | 3.42B | 7.42B | 5.81B | 6.70B | 8.48B | 12.65B |
| Retained earnings | -2.07B | -3.53B | -5.15B | -7.20B | -8.75B | -8.60B | -8.16B | -6.58B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 17.78B | 19.74B | 21.08B | 23.25B | 23.94B | 24.05B |
| Cash & ST investments | 8.43B | 9.41B | 9.90B | 10.57B | 10.54B | 9.10B |
| Inventory | 172.70M | 169.30M | 209.29M | 222.58M | 229.33M | 273.30M |
| Total assets | 23.84B | 25.44B | 26.75B | 29.37B | 30.59B | 32.01B |
| Total current liabilities | 11.80B | 12.73B | 14.69B | 14.68B | 15.17B | 16.09B |
| Short-term debt | 1.58B | 1.69B | 2.90B | 1.71B | 1.65B | 1.76B |
| Long-term debt | 1.66B | 1.54B | 294.63M | 510.40M | 702.84M | 908.15M |
| Total liabilities | 14,768,732,000.00 | 15,656,507,000.00 | 16,447,493,000.00 | 16,722,651,000.00 | 17,608,848,000.00 | 18,958,539,000.00 |
| Total equity | 9.07B | 9.78B | 10.30B | 12.65B | 12.98B | 13.05B |
| Retained earnings | -7.75B | -7.35B | -6.97B | -6.58B | -6.16B | -5.75B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -495.22M | 69.87M | 555.87M | 208.65M | -1.06B | 2.08B | 3.28B | 5.02B |
| Depreciation & amortization | 78.73M | 121.63M | 180.76M | 279.03M | 428.34M | 440.85M | 389.67M | 372.17M |
| Free cash flow | -673.71M | -177.23M | 198.81M | -598.53M | -2.03B | 1.82B | 2.96B | 4.50B |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 4.57M | 1.54B | 2.97B | 4.05B | 50.21M | 10.64M | 146.08M | 42.80M |
| Ending cash balance | 1.26B | 3.57B | 7.05B | 10.84B | 7.61B | 4.24B | 4.08B | 6.42B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 756.93M | 1.62B | 1.18B | 1.48B | 1.06B | 1.51B |
| Depreciation & amortization | -- | -- | -- | -- | -- | -- |
| Free cash flow | 756.93M | 1.62B | 1.18B | 951.91M | 1.06B | 1.51B |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 4.02B | 4.27B | 5.07B | 6.42B | 6.30B | 5.99B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -851.09 | -318.25 | -71.20 | -37.97 | -25.18 | 2.45 | 5.94 | 15.10 |
| ROA %i | -45.98 | -39.45 | -20.64 | -14.01 | -9.24 | 0.84 | 2.14 | 6.07 |
| ROIC %i | -93.62 | -81.10 | -36.82 | -22.89 | -15.63 | -0.85 | 1.46 | 9.62 |
| 5-year avg ROE %i | -- | -- | -- | -320.99 | -260.74 | -90.03 | -25.19 | -7.93 |
| EBIT margin %i | -111.56 | -60.70 | -30.51 | -15.83 | -11.69 | 3.62 | 4.86 | 10.09 |
| FCF / sales %i | -- | -- | 4.54 | -- | -- | 13.94 | 17.57 | 19.62 |
| Current ratioi | 1.44 | 1.87 | 1.93 | 2.11 | 1.83 | 1.44 | 1.49 | 1.58 |
| Quick ratioi | 1.11 | 1.55 | 1.61 | 1.78 | 1.47 | 1.19 | 1.29 | 1.38 |
| Debt / assetsi | 48.51 | 30.53 | 20.02 | 22.72 | 26.47 | 23.63 | 18.23 | 11.49 |
| LT debt / equityi | -- | 129.56 | 59.66 | 53.71 | 71.86 | 58.68 | 30.35 | 13.27 |
| Interest coveragei | -29.48 | -27.39 | -9.01 | -11.34 | -32.05 | 11.53 | 21.31 | 68.86 |
| Revenue CAGR (3Y) %i | 41.46 | 84.63 | 119.42 | 129.19 | 78.87 | 43.99 | 19.10 | 22.59 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | 109.24 | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 11.15 | 14.45 | 15.66 | 15.10 | 14.70 | 14.50 |
| ROA %i | 4.06 | 5.31 | 5.86 | 6.07 | 5.89 | 5.70 |
| ROIC %i | 5.34 | 7.65 | 8.86 | 9.62 | 9.52 | 9.43 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 7.30 | 8.98 | 9.62 | 10.09 | 9.59 | 9.21 |
| FCF / sales %i | 18.10 | 21.89 | 20.19 | 19.62 | 19.06 | 16.92 |
| Current ratioi | 1.51 | 1.55 | 1.44 | 1.58 | 1.58 | 1.49 |
| Quick ratioi | 1.18 | 1.23 | 1.16 | 1.38 | 1.28 | 1.17 |
| Debt / assetsi | 17.40 | 16.48 | 15.86 | 11.49 | 11.72 | 12.89 |
| LT debt / equityi | 28.64 | 25.90 | 13.16 | 13.27 | 15.07 | 18.34 |
| Interest coveragei | 34.71 | 47.03 | 55.86 | 68.86 | 92.33 | 137.90 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- E-commerce (Shopee) is the largest reported line at 71.75% of revenue, across 4 reported segments.
- The next-largest line, Digital financial services (Monee), is a distant second at 18.01% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
E-commerce (Shopee)71.75%
Digital financial services (Monee)18.01%
Digital entertainment (Garena)9.59%
Other Services0.65%
Quote time 2026-10-08 07:00:13 · For reference only, not investment advice and not tailored to your situation.