Sea Limited Income Statement 2025-2011 | SE

Brief overview of profit and loss at Sea Limited

This overview is based on financial performance over the past five years. Revenue reported by Sea Limited was $4.4 billion at the beginning of the period and $22.9 billion at the end. The five-year change reached +424.2%, while CAGR stood at 39.3%. The company expanded its revenue base at a high speed.

At the gross-profit level, the result moved from 1.3 billion dollars to 10.2 billion dollars, a change of +659.4%. Cost of revenue developed more favorably than sales, supporting gross profitability. The gross margin was 30.8% at the start and 44.7% at the end. The expansion indicates stronger pricing power or better control of direct costs.

EBITDA changed from −$1.1 billion to $2.4 billion (+310%). The operating result developed less favorably than sales. EBITDA margin was −25.7% at the start and 10.3% at the end. The company improved its ability to convert sales into EBITDA.

Across the five years, the net result shifted from −$1.6 billion to $1.6 billion. A negative result turned positive over the five years.

Over the period, capitalization shifted from 95 billion dollars to 54.3 billion dollars (−42.8%). Capitalization lags the underlying business improvement.

Conclusion

The five-year picture requires weighing both strengths and weaknesses. The financial profile benefits from an improving EBITDA margin, a stronger gross margin and a stronger final result. Caution is warranted because of a weaker market valuation. Further direction will depend on top-line growth, operating profitability, and net income.