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Sea Limited (SE)

NYSE: SE · Services-Miscellaneous Business Services · Singapore, SG · filing with the SEC since 2017
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Grade6.1
◀ Past 5.4● Present 7.0▶ Future 5.8
1 est.
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The grade of Sea Limited

Nine metrics read from its own filings, by tense
Headline grade
6.1/10
◀ Past5.425% of the headline
● Present7.035% of the headline
▶ Future5.840% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.4/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.6/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 22% of this tense · 76th percentile among 35 sector filers · read for itself

From the record

Sea Limited's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.1/10

What has it actually done, year after year?

+56.6% a year over 10 filed years; profitable in 3 of 10.

weight 45% of this tense · 61st percentile among 34 sector filers · read for its customers

From the record

Sea Limited's 10 filed years say what it did: revenue went from $346 million in fiscal 2016 to $20 billion in fiscal 2025, up 56.6% a year; it rose in 8 of 9 years; the deepest fall was 8% from fiscal 2022 to fiscal 2023; net income was positive in 3 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span56.6%top 1% of its family
  • the share of years revenue rosetop 32% of its family
  • the share of filed years with a profitbottom 24% of its family
  • the deepest fall from a revenue peak8.0%top 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
2.9/10

How has it treated the people who own it?

Share count grew 4.6% a year. 0% of cash flow returned. Insiders: 1375 sales, 0 purchases.

weight 33% of this tense · 29th percentile among 25 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Sea Limited's diluted share count grew about 4.6% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 1375 sales (1368 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-12 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 34% of its family
  • cash returned against operating cash flowbottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

7.0/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
5.6/10

Is it financially healthy right now?

ROE 12%: 12¢ of profit per shareholder dollar. Leverage 57%: owes 57¢ per asset dollar.

weight 33% of this tense · 56th percentile among 35 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Sea Limited earned about 12 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 35 cents per dollar of everything the company owns. Leverage: it owed about 57 cents per dollar of assets, and net share issuance: its share count grew 5.5% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 41% of its family
  • return on equitytop 32% of its family
  • gross profit against assetstop 42% of its family
  • the share count against the year beforebottom 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
8.2/10

How strong is its position in its industry?

top 18% of 35 in its family; net margin 8%.

weight 45% of this tense · 82nd percentile among 35 sector filers · read for its customers

From the record

Sea Limited's standing among 35 graded names in its industry family: revenue of $20 billion in fiscal 2025 ranks in the top 2% by size; a net margin of 8% ranks in the top 39%; revenue growth of 16.4% a year over the last 3 filed years ranks in the top 13% (its annual reports).

What it rests on

  • revenue against the family$19.63Btop 2% of its family
  • net margin8.0%top 39% of its family
  • three-year revenue growth16.4%top 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
6.5/10

What are the people in charge doing?

SI estimate 6.5/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 25 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 25 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 25 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Sea Limited's leadership is put at 6.5 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 25 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.8/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
7.1/10

How much room does it have to grow?

top 29% of 35 in its family for room to expand.

weight 33% of this tense · 71st percentile among 35 sector filers · read for itself

From the record

Sea Limited's room to grow, from the newest filed statements (fiscal 2025): cash of $4.2 billion against no long-term debt tagged leaves 14.2% of its assets as net cash, top 31% of its family; cash from operations less capital spending is 23% of revenue (top 16%); a gross margin of 52.2% (top 26%); research spending of 5.9% of revenue (top 44%) (its annual report).

What it rests on

  • cash less debt against assets14.2%top 31% of its family
  • cash from operations less capital spending against revenue23.0%top 16% of its family
  • gross margin52.2%top 26% of its family
  • research spending against revenue5.9%top 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.5/10

What could actually drive growth from here?

bottom 35% of 34 in its family for growth drivers.

weight 45% of this tense · 35th percentile among 34 sector filers · read for its customers

From the record

Sea Limited's growth drivers, from the filed years to fiscal 2025: revenue grew 16.4% a year over the last three filed years against 56.6% over all 10, slowing (bottom 1% of its family); the newest year grew 33.2% (top 13%); research spending grew -5.6% a year (bottom 21%); capital spending grew -17.8% a year (bottom 29%) (its annual reports). Sea Limited reported 2 product lines in fiscal 2025: Service at $21 billion (91%), Product at $2.0 billion (9%); 2 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-40.3 points a yearbottom 1% of its family
  • the newest year's revenue growth33.2%top 13% of its family
  • three-year growth of research spending-5.6%bottom 21% of its family
  • three-year growth of capital spending-17.8%bottom 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
8.8/10

Did its newest year beat what its own record pointed to?

top 11% of 29 in its family for expectations against reality.

weight 22% of this tense · 89th percentile among 29 sector filers · read for its shareholders

From the record

Sea Limited's newest year against its own record: revenue of $20 billion in fiscal 2025 came in 22.4% above the $16 billion its prior three years' pace pointed to (top 16% of its family); net income of $1.6 billion against a prior three-year average of $352 million (top 3%); a net margin of 8% against -3% before (top 16%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace22.4%top 16% of its family
  • net income against the prior three years' averagefive times its prior average or moretop 3% of its family
  • net margin against its prior average+11.0 pointstop 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton SE · research, not advice