Sea Limited
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Range $152 – $156
Price Chart
About the company
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.
- CEO
- Xiaodong Li
- IPO
- 2017
- Employees
- 102,700
- HQ
- Singapore, CE, SG
AI snapshot
Six angles, distilled from the data.
The stock remains in a long-term corrective regime, still below its 200-day average after a sharp pullback from the 52-week high. That leaves the setup as a recovery attempt rather than a confirmed trend reversal, with the prior year’s range showing both strong momentum and deep giveback.
Street sentiment stays constructive: consensus is Buy, with an average target around $153.67 versus a much lower current price. Recent changes lean positive, led by upgrades and target raises from RBC Capital, Arete, Morgan Stanley, and Barclays, even as a few firms kept neutral stances.
The next print comes after a mixed beat history, with only 1 beat in the last 7 quarters. EPS estimates point higher over the next year, and shareholders should watch whether revenue growth and margin discipline can keep translating into cleaner earnings execution.
Recent insider activity skews to net selling, led by Zhao Feng and Wang Yanjun, while Chen Jingye’s entries are in-the-money award-related and not a discretionary buy signal. The pattern does not show meaningful insider accumulation, so the market is likely leaning more on operating results than insider conviction.
Profitability is solid and improving, with a 44.3% gross margin, 8.35% operating margin, and 5.91% net margin. Growth remains strong at 48.1% revenue growth year over year, while free cash flow of $5.54 billion and net cash of $9.46 billion give the balance sheet room to absorb volatility.
Sea stands out as a broadline retail platform with gaming and digital finance attached, which gives it more operating levers than a pure e-commerce peer. The valuation still looks demanding at 29.66x earnings, but that premium is tied to growth and cash generation rather than a mature retail profile.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $57.18B
- P/E
- 34.26
- Fwd P/E
- 26.10
- PEG
- 1.04
- P/S
- 2.01
- P/B
- 4.40
- EV/EBITDA
- 19.70
- Div Yield
- 0.00%
- Gross Margin
- 44.34%
- Op Margin
- 7.95%
- Net Margin
- 5.91%
- ROE
- 13.51%
- ROIC
- 8.34%
Latest fiscal year · YoY change
- Revenue
- $22.94B+36.4%
- Gross Profit
- $10.24B+42.2%
- Op Income
- $1.86B
- Net Income
- $1.58B+255.2%
- EPS
- $2.65+244.2%
- OCF Growth
- +53.4%
- FCF Growth
- +52.7%
- 52W High
- $189.78
- 52W Low
- $77.05
- 50D MA
- $109.48
- 200D MA
- $102.36
- Beta
- 1.55
- RSI (14)
- 36
- Avg Volume
- 4.35M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Sea posted a strong Q2 with 48% revenue growth, improving unit economics, and management reiterating confidence in hitting more than $1 billion of full-year Shopee adjusted EBITDA.· August 11, 2026
- Sea revenue rose 48% year over year to $7.8 billion, adjusted EBITDA was $917 million, and net income increased 11% to $458 million.
- Shopee GMV grew 28% year over year to $38.3 billion, with adjusted EBITDA of $255 million; management said full-year Shopee GMV growth remains on track for around 25%.
- Shopee monetization improved further: core marketplace revenue was $4.3 billion, ad revenue was up more than 70%, and ad take rate improved by over 90 basis points year over year.
- Monee loan principal outstanding reached $11.1 billion, up 62% year over year, with the 90-day NPL ratio at 1.0% and active credit users up around 34% year over year.
- Garena bookings increased 15% year over year to $764 million, with Free Fire still driving engagement and new game launches planned for later this year.
Sea reported second-quarter 2026 GAAP revenue of $7.8 billion, up 48% year over year, and adjusted EBITDA of $917 million, up 11% year over year. Net income was $458 million, up 11% year over year. Shopee GMV increased 28% year over year to $38.3 billion, gross orders were up 27% to $4.2 billion, Shopee GAAP revenue was $5.6 billion, and Shopee adjusted EBITDA was $255 million. Sea also said Monee consumer and SME loans principal outstanding reached $11.1 billion, up 62% year over year, with 90-day NPLs at 1.0%, while Garena bookings grew 15% year over year to $764 million and adjusted EBITDA was $430 million. Looking ahead, management reiterated full-year Shopee GMV growth of around 25% and said it remains optimistic that Shopee will achieve more than $1 billion in adjusted EBITDA for the full year.
Forrest Li framed the quarter as a continuation of strong momentum, saying Sea is improving both scale and unit economics while investing prudently for profitable growth. He highlighted Shopee’s gains in new buyers, advertising, logistics, fulfillment, VIP, and content, and said Brazil remains a key growth market where Sea is outpacing the broader market. On Monee, he emphasized that better risk models and broader product reach are enabling growth while keeping credit performance stable, and on Garena he pointed to Free Fire’s longevity and the pipeline of new titles as reasons for confidence.
Tony Hou provided the key financial bridge: Sea revenue of $7.8 billion, adjusted EBITDA of $917 million, and net income of $458 million. He broke out Shopee revenue at $5.6 billion, marketplace revenue at $4.9 billion, core marketplace revenue at $4.3 billion, and value-added services revenue at $0.7 billion; Shopee adjusted EBITDA was $255 million. He also said consumer and SME loans principal outstanding was $11.1 billion, including $10 billion on-book and $1.1 billion off-book, with 90-day NPLs at 1.0%, and noted that higher provisions were mainly due to a higher mix of off-Shopee SPayLater and Brazil loans.
Analysts focused on whether Shopee margins and GMV growth can keep improving, how much further take rates and ad monetization can rise, and whether fulfillment investment is still early or nearing maturity. Management said GMV growth remains on track for around 25% for the full year, unit economics are improving quarter on quarter, and Shopee still has room to expand monetization through ads and other take-rate levers. On fulfillment, management said the business is still in the ramp-up stage but is gaining scale and economics, helped by a capex-light model and more integration with logistics. On Monee, management said rising provisions mostly reflect a richer mix of off-Shopee and Brazil lending, while credit risk remains stable by country, segment, and product.
The call showed multiple operating levers working at once: Shopee is growing GMV, improving ad monetization, and scaling fulfillment and VIP; Monee is expanding with stable asset quality; and Garena remains profitable with Free Fire still drawing over 100 million average daily active users. Management repeatedly said unit economics are improving and expressed confidence in full-year targets, including more than $1 billion of Shopee adjusted EBITDA.
Management acknowledged that growth in the second half will face tougher GMV comps and potential foreign exchange headwinds, especially as many local currencies weaken versus the U.S. dollar. They also flagged that higher Monee provisions are tied to a higher mix of riskier products and Brazil exposure, and that some of the new initiatives, like automation in fulfillment and AI tools, are still early in their rollout.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 93.4%
- Shares Outstanding
- 600.35M
- Float Shares
- 560.77M
of shares held by institutions
840 13F filers
Buy/sell ratio 0.07. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for SE, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Josh GottheimerHouse · NJ05 | Buy | Mar 10, 26 | Filing → |
| Josh GottheimerHouse · NJ05 | Sell | Dec 5, 25 | Filing → |
| Lisa C. McClainHouse · MI09 | Buy | Jun 17, 25 | Filing → |
| Lisa C. McClainHouse · MI09 | Sell | Jul 10, 25 | Filing → |
| Josh GottheimerHouse · NJ05 | Buy | May 23, 25 | Filing → |
| Robert P. BresnahanHouse · PA08 | Buy | Mar 11, 25 | Filing → |
| Robert P. BresnahanHouse · PA08 | Buy | Mar 5, 25 | Filing → |
| Daniel GoldmanHouse · NY10 | Sell | Jul 10, 23 | Filing → |
| Daniel GoldmanHouse · NY10 | Buy | Mar 31, 23 | Filing → |
| Kurt SchraderHouse · OR05 | Sell | Sep 1, 21 | Filing → |
| Kurt SchraderHouse · OR05 | Sell | May 14, 21 | Filing → |
| Kurt SchraderHouse · OR05 | Sell | Jun 30, 20 | Filing → |
| David Alfred PerdueSenate | Sell | Nov 18, 16 | Filing → |
| David Alfred PerdueSenate | Sell | Sep 12, 16 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Baillie Gifford & Co | 38.41M | ▼ 1.24M |
| Price T Rowe Associates Inc | 35.64M | ▲ 2.23M |
| Wcm Investment Management, LLC | 33.88M | ▲ 134.72K |
| Blackrock, Inc. | 21.18M | ▲ 240.93K |
| Fmr LLC | 15.40M | ▲ 1.36M |
| Tiger Global Management LLC | 12.56M | ▼ 2.86M |
| Jpmorgan Chase & Co | 8.19M | ▼ 1.16M |
| Schroder Investment Management Group | 7.65M | ▲ 1.38M |
| State Street Corp | 7.28M | ▲ 26.95K |
| Temasek Holdings (Private) Ltd | 5.74M | ▲ 461.73K |
| Viking Global Investors LP | 5.67M | ▲ 932.68K |
| Norges Bank | 5.64M | ▲ 5.64M |
Held by 676 ETFs
Biggest fund positions in SE by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Oct 7, 26 | Wang Yanjun | sell | 935 |
| Oct 7, 26 | Wang Yanjun | sell | 65 |
| Oct 8, 26 | Wang Yanjun | sell | 794 |
| Oct 8, 26 | Wang Yanjun | sell | 206 |
| Oct 5, 26 | Wang Yanjun | sell | 675 |
| Oct 5, 26 | Wang Yanjun | sell | 325 |
| Oct 6, 26 | Wang Yanjun | sell | 515 |
| Oct 6, 26 | Wang Yanjun | sell | 460 |
| Oct 6, 26 | Wang Yanjun | sell | 25 |
| Oct 5, 26 | Chen Jingye | other | 150,000 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our SE coverage
Recent articles, reports, and earnings notes.

Sea Ltd (SE): Growth Momentum Across Three Engines
Sea delivered 46.6% revenue growth in Q1 2026 as Shopee, Monee, and Garena all accelerated, while adjusted EBITDA topped $1.0B for the first time. The stock remains a Buy, but valuation and execution discipline matter at a 44.7 trailing P/E.

Sea Limited's 14% breakout is an earnings re-rating, not a meme move
Sea's 14.56% jump has earnings behind it: Q2 revenue grew about 48% year over year while net income reached $458.1 million. The 6.4% net margin, EPS miss, and fintech credit risk are real checks, but they do not outweigh a TickerSpark Score of 81 and a powerful growth engine.

Sea Limited (SE) climbs on deep Q2 earnings analysis
Sea Limited (SE) climbs after a broad Q2 beat, but the real story is in the details: Shopee’s accelerating GMV, stronger ad monetization, Monee’s fast-growing loan book and Garena’s resilient bookings. This deep dive examines how revenue, EBITDA and segment trends support the rally.
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Sea (NYSE: SE) insider sells 40,000 shares in preplanned trade
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SEA (NYSE:SE) Insider Sells 40,000 Shares of Stock
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Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed October 8, 2026 · Live quote · Not investment advice