Sea Limited (SE) Stock

Sea Limited (SE) is a Technology stock trading at $106.21 (as of 2026-09-11). Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Sea Limited and its subsidiaries operate across digital entertainment, e-commerce, and digital financial services. It provides Garena online games and related esports and livestreaming features; runs Shopee as a mobile-first marketplace with integrated logistics and payments; and offers SeaMoney financial services such as mobile wallets and payment processing for individuals and businesses.

Understand Sea Limited: how it makes money

Sea Limited runs Garena digital entertainment, Shopee e-commerce, and digital financial services platforms, making money from games and entertainment, marketplace services, and financial products.

Sea's profit engine is monetization of user activity across marketplaces, financial services, and games, with fulfillment and acquisition spending determining how much revenue becomes operating profit.

Business quality (Solid): Solid, with meaningful execution risk: quarterly revenue was $22.9B, up 36% YoY, while operating margin was 9%, so growth has not yet translated into a high operating margin.

Bull case

  • Faster delivery lifts customer value: Faster delivery users spend approximately 15% more after adoption. That supports stronger customer economics as logistics improves.
  • Brazil offers growth runway: Brazil is expected to outgrow the overall market. If execution matches that expectation, the market could support faster expansion.

Bear case

  • Fulfillment pressures profitability: Fulfillment expansion entails an ongoing, perpetual investment cycle. That can keep cash and operating resources tied up even as Shopee scales.
  • Brazil faces a value gap: Brazil's average order value remains below the market leader. That gap could limit marketplace monetization and make competitive progress harder.
Valuation — source: SEC EDGAR (first-party)
Price$106.21
DCF Value (model)$38.12
DCF Upside vs Price-64.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$22.94B
Net Margin6.9%
Return on Equity12.5%
Current Ratio1.58
Revenue Growth (YoY)36.4%
EPS Growth (YoY)244.2%
FCF Growth (YoY)52.4%
Financial Health — source: SEC EDGAR
Altman Z-Score3.47 (safe)
Valuation vs Sector & Industry
Sector P/E (Technology)29.5
Industry P/E (Business Services)24.7
Company
SectorTechnology
IndustryBusiness Services
CEOXiaodong Li
Employees80,700
CountrySG
IPO Date2017-10-20

Sea Limited earnings call transcripts

  • SE Q1 FY26 earnings call transcript (reported 2026-05-12) · analysis
  • SE Q4 FY25 earnings call transcript (reported 2026-03-03) · analysis
  • SE Q2 FY25 earnings call transcript (reported 2025-08-12) · analysis

All SE earnings calls

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SE earnings history · SE institutional & insider holders · SE KPIs & operating metrics · SE financials · SE filings, presentations & press releases · SE investor presentations & press releases · SE SEC filings · SE peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-11.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.