Sea SE
NYSE SE
$114.56 +1.08 (+0.95%)
As of: Sep 1, 2026 · 1:27 PM EDT

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.

Analysis

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.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Amazon Com 2,738.66 Bn 2,615.68 Bn 198.88 Bn 330.81 Bn
2 PDD Holdings 116.88 Bn -48,009.53 Bn 9.45 Bn -5.39 Bn
3 DoorDash 99.21 Bn 93.86 Bn 2.35 Bn 4.30 Bn
4 Mercadolibre 98.87 Bn 83.68 Bn 4.16 Bn 3.48 Bn
5 Sea 68.20 Bn 59.80 Bn 3.55 Bn -2.90 Bn
6 Ebay 47.01 Bn 43.70 Bn 2.30 Bn 1.63 Bn
7 JD.com 39.74 Bn 7.19 Bn 16.50 Bn -3.06 Bn
8 Coupang 28.51 Bn 22.40 Bn 2.49 Bn 9.41 Bn
9 Wayfair 12.61 Bn 11.46 Bn 1.05 Bn 950.00 Mn
10 Maplebear 11.77 Bn 10.92 Bn 751.00 Mn 608.00 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -2.90 Bn
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