What changed in Sea Limited's latest annual report
In the year ended 31 Dec 2025, Sea Limited's revenue rose 33.2% to USD 19.63bn, from USD 14.73bn; net income rose 255.2% to USD 1.58bn, from USD 444.32m; cash and cash equivalents rose 72.9% to USD 4.16bn, from USD 2.41bn.
Year ended 31 Dec 2025. Source: 20-F filed 17 Apr 2026, read it on SEC EDGAR.
USD 14.73bn to USD 19.63bn
The figures, year on year
| Item | Year before | Latest year | Change |
|---|---|---|---|
| Revenue | 14.73bn | 19.63bn | Up 33.2% |
| Net income | 444.32m | 1.58bn | Up 255.2% |
| Total assets | 22.63bn | 29.37bn | Up 29.8% |
| Total liabilities | 14.15bn | 16.72bn | Up 18.2% |
| Cash and cash equivalents | 2.41bn | 4.16bn | Up 72.9% |
| Shareholders' equity | 8.37bn | 12.53bn | Up 49.6% |
Questions people ask
Did Sea Limited's revenue grow last year?
Revenue grew 33.2%, from USD 14.73bn to USD 19.63bn in the year ended 31 Dec 2025.
Is Sea Limited profitable?
Yes. Net income was USD 1.58bn in the year ended 31 Dec 2025. The year before: USD 444.32m.
How much cash and debt does Sea Limited have?
At its latest year end (31 Dec 2025), Sea Limited reported cash and cash equivalents of USD 4.16bn.
Where do these numbers come from?
From Sea Limited's own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.
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