Sea Limited (SE)SESea Limited

Balance Sheet

Assets, liabilities, and equity analysis

Quarterly Balance Sheet (USD)

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Quarterly Report	TTM	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024	Quarter ended Jun 2024
Total Current Assets	23.94B	23.94B	23.25B	21.08B	19.74B	17.78B	16.86B	15.55B	12.88B
Cash & Cash Equivalents	6.26B	6.26B	6.38B	3.07B	2.17B	2.18B	2.41B	2.54B	2.65B
Short-Term Investments	6.51B	6.51B	6.41B	6.83B	7.24B	6.24B	6.22B	5.37B	3.39B
Cash & Short-Term Investments	12.76B	12.76B	12.79B	9.90B	9.41B	8.43B	8.62B	7.91B	6.03B
Accounts Receivable	8.87B	8.87B	8.26B	7.18B	6.27B	5.51B	6.00B	4.23B	3.46B
Inventory	229.33M	229.33M	222.58M	209.28M	169.30M	172.70M	143.25M	200.71M	157.52M
Total Assets	30.59B	30.59B	29.37B	26.75B	25.44B	23.84B	22.63B	21.69B	19.57B
Property, Plant & Equipment	2.84B	2.84B	2.73B	2.52B	2.37B	2.25B	2.15B	2.33B	2.19B
Goodwill	102.58M	102.58M	104.46M	104.77M	107.63M	106.03M	107.63M	113.77M	106.37M
Intangible Assets	9.26M	9.26M	12.21M	15.75M	15.31M	20.61M	27.31M	30.84M	35.69M
Long-Term Investments	2.83B	2.83B	2.49B	1.83B	2.12B	2.83B	2.69B	2.97B	3.77B
Total Current Liabilities	15.17B	15.17B	14.68B	14.69B	12.73B	11.80B	11.30B	9.59B	8.62B
Accounts Payable	539.14M	539.14M	467.81M	480.39M	359.09M	320.95M	350.02M	274.77M	293.69M
Short-Term Debt	1.65B	1.65B	1.70B	2.56B	1.36B	1.27B	1.28B	294.74M	221.84M
Total Liabilities	17.61B	17.61B	16.72B	16.45B	15.66B	14.77B	14.15B	13.66B	12.60B
Long-Term Debt	702.84M	702.84M	510.40M	294.63M	1.54B	1.66B	1.73B	2.90B	2.86B
Total Debt	3.58B	3.58B	3.33B	4.24B	4.19B	4.15B	4.12B	4.40B	4.24B
Net Debt (Cash)	-2.67B	-2.67B	-3.05B	1.18B	2.03B	1.97B	1.72B	1.86B	1.60B
Total Shareholders' Equity	12.85B	12.85B	12.53B	10.20B	9.68B	8.96B	8.37B	7.92B	6.87B
Common Stock	306K	306K	306K	298K	297K	296K	295K	289K	287K
Retained Earnings	-6.16B	-6.16B	-6.58B	-6.97B	-7.35B	-7.75B	-8.16B	-8.38B	-8.54B
Current Ratio	1.58	1.58	1.58	1.44	1.55	1.51	1.49	1.62	1.49
Debt to Equity Ratio	0.28	0.28	0.27	0.42	0.43	0.46	0.49	0.56	0.62

Annual Balance Sheet (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Total Current Assets	23.25B	16.86B	11.77B	12.69B	15.14B	8.94B	4.41B	1.71B
Cash & Cash Equivalents	6.38B	2.41B	2.81B	6.03B	9.25B	6.17B	3.12B	1.00B
Short-Term Investments	6.41B	6.22B	2.55B	864.26M	911.28M	126.10M	102.32M	690K
Cash & Short-Term Investments	12.79B	8.62B	5.36B	6.89B	10.16B	6.29B	3.22B	1.00B
Accounts Receivable	8.26B	6.00B	4.38B	3.29B	2.62B	1.18B	451.36M	317.87M
Inventory	222.58M	143.25M	125.39M	109.67M	117.50M	64.22M	26.93M	37.69M
Total Assets	29.37B	22.63B	18.88B	17.00B	18.76B	10.46B	5.22B	2.19B
Property, Plant & Equipment	2.73B	2.15B	2.22B	2.35B	1.68B	620.96M	501.58M	192.36M
Goodwill	104.46M	107.63M	112.78M	230.21M	539.62M	216.28M	30.95M	30.95M
Intangible Assets	12.21M	27.31M	50.82M	65.02M	52.52M	39.77M	15.02M	12.89M
Long-Term Investments	2.49B	2.69B	4.26B	1.25B	1.05B	190.48M	113.80M	111.02M
Total Current Liabilities	14.68B	11.30B	8.17B	6.94B	7.18B	4.64B	2.36B	1.19B
Accounts Payable	467.81M	350.02M	342.55M	258.65M	213.58M	121.64M	69.37M	37.16M
Short-Term Debt	1.70B	1.28B	298.43M	119.65M	100.00M	0.00	30.74M	856K
Total Liabilities	16.72B	14.15B	12.19B	11.19B	11.33B	7.04B	4.05B	2.43B
Long-Term Debt	510.40M	1.73B	3.07B	3.34B	3.48B	1.84B	1.36B	1.06B
Total Debt	3.33B	4.12B	4.46B	4.49B	4.25B	2.09B	1.59B	1.06B
Net Debt (Cash)	-3.05B	1.72B	1.65B	-1.54B	-4.99B	-4.07B	-1.53B	60.84M
Total Shareholders' Equity	12.53B	8.37B	6.59B	5.72B	7.40B	3.38B	1.16B	-243.14M
Common Stock	306K	295K	285K	281K	278K	255K	230K	170K
Retained Earnings	-6.58B	-8.16B	-8.60B	-8.75B	-7.20B	-5.15B	-3.53B	-2.07B
Current Ratio	1.58	1.49	1.44	1.83	2.11	1.93	1.87	1.44
Debt to Equity Ratio	0.27	0.49	0.68	0.78	0.57	0.62	1.37	-4.37

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Sea Limited

Operating across Southeast Asia, Latin America, other parts of Asia, and various international markets, Sea Limited and its group of companies specialize in three core areas: digital entertainment, e-commerce, and digital financial services. Under its Garena brand, the company provides a comprehensive digital entertainment platform. This platform allows users to play a variety of online games on both mobile devices and personal computers, participate in eSports events, and access additional entertainment content. Key features include live-streamed gameplay, as well as social functionalities like user chat rooms and online forums. Furthermore, Sea Limited manages Shopee, a prominent e-commerce platform designed primarily for mobile users. Shopee functions as a marketplace, offering integrated payment solutions, robust logistics infrastructure, and a suite of services for its sellers. Its SeaMoney division delivers an array of digital financial services to both individual consumers and businesses. These services encompass offline and online mobile wallet facilities, payment processing, and various other financial products, such as credit, insurtech solutions, and digital banking. These offerings are brought to market through brands like ShopeePay, SPayLater, and SeaBank, among others. Notably, SeaMoney also handles the payment processing for the Shopee platform. Established in 2009, the firm initially operated as Garena Interactive Holding Limited before rebranding to Sea Limited in April 2017. Its global operations are directed from its headquarters in Singapore.

Singapore, CE

102,700 employees

www.sea.com

Consumer Cyclical / Specialty Retail

Sector: Consumer Cyclical
Industry: Specialty Retail
CEO: Xiaodong Li

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