Sea (SE) Operating Expenses (2016 - 2026)
Sea (SE) recorded Operating Expenses of -$2.9 billion in the quarter ended Jun 30, 2026, compared with -$1.92 billion a year earlier.
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Analysis
Sea (SE) Operating Expenses (2016 - 2026) Analysis & Trends
On a TTM basis, Sea's Operating Expenses came in at -$10.01 billion as of Jun 30, 2026; for the year ended Dec 31, 2025, it was -$8.26 billion.
- Across earlier years, Operating Expenses came in at -$6.54 billion in the year ended Dec 31, 2024, -$5.61 billion in the year ended Dec 31, 2023, -$6.67 billion in the year ended Dec 31, 2022 and -$5.48 billion in the year ended Dec 31, 2021.
- The figure for the quarter ended Jun 30, 2026 is the lowest quarterly Operating Expenses since the quarter ended Sep 30, 2023.
- Per Business Quant, the preceding three quarters came in at -$2.55 billion (quarter ended Mar 31, 2026), -$2.43 billion (quarter ended Dec 31, 2025) and -$2.12 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,248.48 Bn | 4,006.00 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,873.50 Bn | 1,576.02 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Netflix | 304.25 Bn | 264.45 Bn | 6.52 Bn | 1.51 Bn |
| 4 | Alibaba Group Holding | 257.83 Bn | 71.60 Bn | 15.11 Bn | -5.17 Bn |
| 5 | Shopify | 230.63 Bn | 207.82 Bn | 1.71 Bn | 1.22 Bn |
| 6 | Uber Technologies | 145.10 Bn | 116.90 Bn | 6.38 Bn | 12.30 Bn |
| 7 | Booking Holdings | 127.39 Bn | 60.44 Bn | - | 4.85 Bn |
| 8 | PDD Holdings | 115.26 Bn | -128.52 Bn | 9.45 Bn | -5.39 Bn |
| 9 | Spotify Technology | 109.42 Bn | 66.92 Bn | 1.86 Bn | 640.46 Mn |
| 10 | Sea | 58.10 Bn | 17.99 Bn | 3.55 Bn | -2.90 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 | -1,569.03 Bn |
| Jun 30, 2023 | -1,167.07 Bn |
| Mar 31, 2023 | -1.29 Bn |
| Dec 31, 2022 | -1.35 Bn |
| Sep 30, 2022 | -1,723.36 Bn |
| Jun 30, 2022 | -1,926.91 Bn |
| Mar 31, 2022 | -1.67 Bn |
| Dec 31, 2021 | -1.75 Bn |
| Sep 30, 2021 | -1,467.26 Bn |
API Access
Sea Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=SE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "SE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=SE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();