Sea Ltd (SE) Operating Expenses (2016 - 2026)

Sea (SE) has reported Operating Expenses for 11 consecutive years, with -$2.6 billion the latest figure, recorded in Q1 2026.

• Operating Expenses for Q1 2026 came in at -$2.6 billion, down 43.42% year-over-year; the trailing twelve-month figure through Mar 2026 was -$9.0 billion (down 32.03% YoY), and the FY2025 annual result was $8.3 billion, up 26.22% from the prior year.
• Operating Expenses was -$2.6 billion for Q1 2026 at Sea, down from -$2.4 billion in the prior quarter.
• Over five years, Operating Expenses peaked at -$1.3 billion in Q1 2023 and troughed at -$1926.9 billion in Q2 2022.
• Average Operating Expenses over 5 years is -$183.6 billion, with a median of -$1.7 billion recorded in 2022.
• Year-over-year, Operating Expenses slumped 67.84% in 2022 and soared 99.87% in 2024.
• Over 5 years, Operating Expenses stood at -$1.4 billion in 2022, then slipped by 16.75% to -$1.6 billion in 2023, then slipped by 20.14% to -$1.9 billion in 2024, then retreated by 28.08% to -$2.4 billion in 2025, then fell by 4.91% to -$2.6 billion in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were -$2.6 billion in Q1 2026, -$2.4 billion in Q4 2025, and -$2.1 billion in Q3 2025.