The table below shows Sea Ltd's income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
Line item
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
Revenue
$22.94B
$16.82B
$13.06B
$12.45B
$9.96B
$4.38B
Cost of revenue
$12.69B
$9.61B
$7.23B
$7.26B
$6.06B
$3.03B
Gross profit
$10.24B
$7.21B
$5.83B
$5.19B
$3.90B
$1.35B
R&D
$1.16B
$1.21B
$1.16B
$1.38B
$831.70M
$353.79M
SE annual revenue (10-K history)
Sea Ltd reported annual revenue of $22.94B for fiscal year 2025. That is up 36.4% from $16.82B in fiscal 2024. Over the 10 fiscal years shown, annual revenue grew from $345.67M (FY 2016) to $22.94B. Figures come from the company's audited annual reports as filed with the SEC.
