Sea
At a glance
Sea reported 2025 revenue of $19.63B, up 33.2% from $14.73B in 2024. Over 4 years since 2021 ($9.96B), that is growth of about 18.5% a year. Operating margin was 10.1%, up from -15.9% in 2021. 2025 was the highest revenue year in this period. The company posted a loss in 2021 and 2022.
In the last 12 months 10 insiders reported 0 open-market purchases and 181 sales ($536.6M). 179 of the sales were made under pre-arranged 10b5-1 plans. The largest was a sale of $137.3M by Chairman and CEO Xiaodong Li on Aug 13, 2026.
8 of the 20 investors tracked here held Sea at the last quarter end, worth $2.06B combined. It is the largest weight for Tiger Global Management (5% of its portfolio), followed by Duquesne Family Office (2.4%). New this quarter: Lone Pine Capital. Added: Viking Global Investors and National Pension Service (Korea). Reduced: Tiger Global Management, Bridgewater Associates, Renaissance Technologies and ARK Investment Management.
Annual results
| Year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net income | -$2.05B | -$1.65B | $150.7M | $444.3M | $1.58B |
| Diluted EPS | $-3.84 | $-2.96 | $0.25 | $0.74 | $2.52 |
Fiscal year ends Dec 31 · incorporated in E9
Tracked investors holding (13F)
Weight is the share of each investor's portfolio, as of the quarter end.
Insider open-market trades (last 12 months)
Showing the latest 60.
Source: SEC EDGAR. How figures are combined