Sea Limited
Company & revenue
About Sea Limited
Financial breakdown: year ended 2025-12-31
Who they are
Operating across Southeast Asia, Latin America, other parts of Asia, and various international markets, Sea Limited and its group of companies specialize in three core areas: digital entertainment, e-commerce, and digital financial services. Under its Garena brand, the company provides a comprehensive digital entertainment platform. This platform allows users to play a variety of online games on both mobile devices and personal computers, participate in eSports events, and access additional entertainment content.
Brands & revenue mix
The leading e-commerce platform in Southeast Asia and Taiwan, with a significant presence in Brazil.
Reported revenue share.Source
Digital financial services arm offering digital payments and credit services; rebranded to Monee in May 2025.
Reported revenue share.Source
Global online game developer and publisher, creator of the mobile battle royale game Free Fire.
Reported revenue share.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Customer concentrationPREMIUM
As of the fiscal year ended December 31, 2025, Sea Limited reported no traditional customer concentration risk, stating that no single merchant or enterprise customer dominates its revenue due to its B2C/C2C platform models.
Business relationships & partnershipsPREMIUM
- Tencent Holdings — Long-standing strategic partner and shareholder that provides Garena with a right of first refusal to publish Tencent’s mobile and PC games in Indonesia, Taiwan, Thailand, the Philippines, Malaysia, and Singapore.Source
- Riot Games — Publishing partnership where Garena serves as a distribution and operations partner for titles such as League of Legends in Southeast Asia.Source
- Electronic Arts (EA) — Collaborates with Garena for the publication of titles such as FIFA Online in the Southeast Asian market.Source
- Activision Blizzard — Partnership to publish and operate Call of Duty: Mobile in the Southeast Asia and Taiwan region.Source
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
56
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
88
Strong
Financial Strength
81
Business Quality / Moat
100
Management
100
Growth Quality
83
Risk / Durability
64
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
56
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
65/100
Building Historical Record
Model Score 65/100 — estimates relative performance potential, distinct from WallStreetScore (company quality).
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
WSS currently rates the company as mixed to moderately strong.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
- •Balance-sheet / debt profile scores strongly
- •Asset quality scores strongly
- •Recent buyback activity is present
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for SE
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can SE maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is SE's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Does SE's balance between cash and debt leave enough flexibility if business conditions weaken?
- •What future growth or profitability would be needed to justify SE's current valuation?
Essential Investment Snapshot
Wall Street Score
56
Opportunity Score
56
Market Cap
$57.15B
P/E Ratio
34.9
EPS
$2.71
52-Week High
$193.48
52-Week Low
$77.05
Beta
1.52
Intrinsic Value
$104.33
Analyst Target
$153.00
Shares Outstanding
638.2M
Total Revenue
$27.72B
Total Debt
$4.13B
Dividend
No current dividend
Liquidation Value / Share
$20.45
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for SE
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total callsNo personal call yet on SE.
What the Bulls Say
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Material partnership/catalyst: Long-standing strategic partner and shareholder that provides Garena with a right of first refusal to publish Tencent’s mobile and PC games in Indonesia, Taiwan, Thailand, the Philippines, Malaysia, and Singapore.
- +Material partnership/catalyst: Publishing partnership where Garena serves as a distribution and operations partner for titles such as League of Legends in Southeast Asia.
- +Material partnership/catalyst: Collaborates with Garena for the publication of titles such as FIFA Online in the Southeast Asian market.
What the Bears Say
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Specialty Retail industry.
Bull and bear cases summarize disclosed catalysts, growth opportunities and risks; they are not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
2 historical score records availablePrevious Score
52
Jul 24, 2026
Change
+3.9
points
Current Score
56
Oct 1, 2026
Category Changes
SE increased 3.9 points because Revenue improved by 7.8 points, Capital improved by 2 points, Valuation improved by 14.4 points.
Positive Contributors
- + Revenue improved by 7.8 points
- + Capital improved by 2 points
- + Valuation improved by 14.4 points
- + Buffett improved by 3.2 points
Projected Score
Projected Score
57
Projected Change
+60.0%
Preliminary comparable-period financial changes suggest improvement of approximately 0.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Near Fair ValueCurrent Price
$95.19
Intrinsic Value
$104.33
Difference
−$9.14
-8.8% vs IV
Margin of Safety
8.8%
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