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

Sea's (SE) quarterly Cost of Revenue came in at $587.0 million in Q1 2026, up 57.05% YoY from $373.8 million in Q1 2025, and little changed on a QoQ basis from $585.0 million in Q4 2025.

Sea (SE) Cost of Revenue (2016 - 2026) Analysis & Trends

Sea (SE) has 11 years of Cost of Revenue data on file, last reported at $587.0 million in Q1 2026.

  • Quarterly Cost of Revenue rose 57.05% year-over-year to $587.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.1 billion (up 38.38% YoY) and the FY2025 annual result came in at $12.7 billion, up 32.03% from the prior year.
  • Cost of Revenue held at $587.0 million in Q1 2026, from $585.0 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $587.0 million in Q1 2026 to a low of $220591.0 in Q2 2023.
  • A 5-year average of $321.1 million and a median of $309.5 million in 2024 frame the typical range for Cost of Revenue.
  • Annual changes were most pronounced in 2022 — Cost of Revenue retreated 23.78% — and 2024, when it surged 143938.06%.
  • Tracing SE's Cost of Revenue over 5 years: stood at $229.6 million in 2022, then surged by 34.68% to $309.3 million in 2023, then soared by 42.04% to $439.3 million in 2024, then jumped by 33.18% to $585.0 million in 2025, then increased by 0.35% to $587.0 million in 2026.
  • The last three Cost of Revenue figures came in at $587.0 million (Q1 2026), $585.0 million (Q4 2025), and $491.9 million (Q3 2025), per Business Quant data.

Peer Comparison

Historic Data

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