Sea (SE) Operating Expenses (2016 - 2026)
Sea's (SE) quarterly Operating Expenses came in at -$2.6 billion in Q1 2026, down 43.42% YoY from -$4.5 billion in Q1 2025, and down 4.91% on a QoQ basis from -$2.4 billion in Q4 2025.
Sea (SE) Operating Expenses (2016 - 2026) Analysis & Trends
Sea (SE) has 11 years of Operating Expenses data on file, last reported at -$2.6 billion in Q1 2026.
- Quarterly Operating Expenses fell 43.42% year-over-year to -$2.6 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$9.0 billion (down 32.03% YoY) and the FY2025 annual result came in at $8.3 billion, up 26.22% from the prior year.
- Operating Expenses declined to -$2.6 billion in Q1 2026, from -$2.4 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$1.3 billion in Q1 2023 to a low of -$1926.9 billion in Q2 2022.
- A 5-year average of -$183.6 billion and a median of -$1.7 billion in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses plunged 67.84% — and 2024, when it jumped 99.87%.
- Tracing SE's Operating Expenses over 5 years: stood at -$1.4 billion in 2022, then fell by 16.75% to -$1.6 billion in 2023, then fell by 20.14% to -$1.9 billion in 2024, then dropped by 28.08% to -$2.4 billion in 2025, then slipped by 4.91% to -$2.6 billion in 2026.
- The last three Operating Expenses figures came in at -$2.6 billion (Q1 2026), -$2.4 billion (Q4 2025), and -$2.1 billion (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,965.03 Bn | 2,842.04 Bn | 198.88 Bn | 330.81 Bn |
| 2 | PDD Holdings | 507.22 Bn | 447.68 Bn | 9.83 Bn | -5.87 Bn |
| 3 | Mercadolibre | 96.32 Bn | 81.13 Bn | 4.16 Bn | 3.48 Bn |
| 4 | DoorDash | 91.60 Bn | 86.26 Bn | 2.35 Bn | 4.30 Bn |
| 5 | JD.com | 87.39 Bn | 58.21 Bn | 7.66 Bn | -1.51 Bn |
| 6 | Sea | 76.05 Bn | 67.53 Bn | 3.15 Bn | -2.55 Bn |
| 7 | Ebay | 47.42 Bn | 44.12 Bn | 2.30 Bn | 1.63 Bn |
| 8 | Coupang | 29.48 Bn | 23.37 Bn | 2.49 Bn | 9.41 Bn |
| 9 | Zkh | 15.80 Bn | 15.80 Bn | 51.11 Mn | -23.28 Mn |
| 10 | Wayfair | 13.89 Bn | 12.75 Bn | 1.05 Bn | 950.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.55 Bn |
| Dec 31, 2025 | -2.43 Bn |
| Sep 30, 2025 | -2.12 Bn |
| Jun 30, 2025 | -1.92 Bn |
| Mar 31, 2025 | -1.78 Bn |
| Dec 31, 2024 | -1.90 Bn |
| Sep 30, 2024 | -1.66 Bn |
| Jun 30, 2024 | -1.50 Bn |
| Mar 31, 2024 | -1.48 Bn |
| Dec 31, 2023 | -1.58 Bn |
| Sep 30, 2023 | -1.57 Bn |
| Jun 30, 2023 | -1,167.07 Bn |
| Mar 31, 2023 | -1.29 Bn |
| Dec 31, 2022 | -1.35 Bn |
| Sep 30, 2022 | -1.72 Bn |
| Jun 30, 2022 | -1,926.91 Bn |
| Mar 31, 2022 | -1.67 Bn |
| Dec 31, 2021 | -1.75 Bn |
| Sep 30, 2021 | -1.47 Bn |
| Jun 30, 2021 | -1,264.91 Bn |