Sea Ltd (SE) Cost of Revenue (2016 - 2026)

Sea (SE) has reported Cost of Revenue for 11 consecutive years, with $1.4 billion the latest figure, recorded in Q1 2026.

• Cost of Revenue for Q1 2026 came in at $1.4 billion, up 52.11% year-over-year; the trailing twelve-month figure through Mar 2026 was $5.0 billion (up 37.0% YoY), and the FY2025 annual result was $12.7 billion, up 32.03% from the prior year.
• Cost of Revenue was $1.4 billion for Q1 2026 at Sea, up from $1.4 billion in the prior quarter.
• Over five years, Cost of Revenue peaked at $1.4 billion in Q1 2026 and troughed at $493601.0 in Q2 2023.
• Average Cost of Revenue over 5 years is $821.3 million, with a median of $918.0 million recorded in 2023.
• Year-over-year, Cost of Revenue plunged 61.17% in 2022 and soared 156862.4% in 2024.
• Over 5 years, Cost of Revenue stood at $473.6 million in 2022, then jumped by 104.26% to $967.4 million in 2023, then rose by 8.51% to $1.0 billion in 2024, then jumped by 33.63% to $1.4 billion in 2025, then gained by 0.82% to $1.4 billion in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $1.4 billion in Q1 2026, $1.4 billion in Q4 2025, and $1.2 billion in Q3 2025.