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 | 3,441.41 Bn | 3,176.31 Bn | 76.16 Bn | 87.00 Bn |
| 2 | Meta Platforms | 1,546.51 Bn | 1,211.03 Bn | 51.23 Bn | 51.61 Bn |
| 3 | Netflix | 269.88 Bn | 231.18 Bn | 6.80 Bn | 1.50 Bn |
| 4 | Alibaba Group Holding | 251.04 Bn | 64.67 Bn | 15.16 Bn | 5.19 Bn |
| 5 | Shopify | 185.46 Bn | 164.27 Bn | 1.78 Bn | 1.21 Bn |
| 6 | Uber Technologies | 139.78 Bn | 111.58 Bn | 6.38 Bn | 12.30 Bn |
| 7 | Booking Holdings | 126.33 Bn | 60.08 Bn | - | 5.48 Bn |
| 8 | Spotify Technology | 126.29 Bn | 83.21 Bn | 1.89 Bn | 645.39 Mn |
| 9 | AppLovin | 119.11 Bn | 107.63 Bn | 1.94 Bn | 475.85 Mn |
| 10 | Sea | 45.03 Bn | 4.92 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();