Sea (SE) Operating Leases (2019 - 2026)
Sea (SE) recorded quarterly Operating Leases of $1.2 billion in Q1 2026, up 10.35% on a QoQ basis from $1.1 billion in Q4 2025, and up 36.0% year-over-year from $907.7 million in Q1 2025.
Sea (SE) Operating Leases (2019 - 2026) Analysis & Trends
Sea has disclosed Operating Leases across 8 years of filings, most recently posting $1.2 billion for Q1 2026.
- Quarterly Operating Leases rose 36.0% year-over-year to $1.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.2 billion (up 36.0% YoY) and the FY2025 annual result came in at $1.1 billion, up 39.23% from the prior year.
- Operating Leases improved to $1.2 billion in Q1 2026, from $1.1 billion in the prior quarter.
- Over five years, Operating Leases peaked at $1.2 billion in Q1 2026 and troughed at $725.3 million in Q1 2022.
- A 5-year average of $870.1 million and a median of $803.5 million in 2024 frame the typical range for Operating Leases.
- Annual changes were most pronounced in 2022 — Operating Leases jumped 352.49% — and 2023, when it retreated 7.78%.
- Tracing SE's Operating Leases over 5 years: stood at $756.8 million in 2022, then rose by 4.32% to $789.5 million in 2023, then increased by 1.77% to $803.5 million in 2024, then jumped by 39.23% to $1.1 billion in 2025, then grew by 10.35% to $1.2 billion in 2026.
- Business Quant data shows SE's Operating Leases at $1.2 billion in Q1 2026, $1.1 billion in Q4 2025, and $1.0 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn |
| 10 | Sea | 64,018.50 | -8.52 Bn | 3.15 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.23 Bn |
| Dec 31, 2025 | 1.12 Bn |
| Sep 30, 2025 | 1.05 Bn |
| Jun 30, 2025 | 967.78 Mn |
| Mar 31, 2025 | 907.74 Mn |
| Dec 31, 2024 | 803.50 Mn |
| Sep 30, 2024 | 895.71 Mn |
| Jun 30, 2024 | 862.88 Mn |
| Mar 31, 2024 | 731.95 Mn |
| Dec 31, 2023 | 789.51 Mn |
| Sep 30, 2023 | 794.65 Mn |
| Jun 30, 2023 | 786.96 Mn |
| Mar 31, 2023 | 771.53 Mn |
| Dec 31, 2022 | 756.82 Mn |
| Sep 30, 2022 | 861.66 Mn |
| Jun 30, 2022 | 735.81 Mn |
| Mar 31, 2022 | 725.29 Mn |
| Dec 31, 2021 | 491.31 Mn |
| Sep 30, 2021 | 450.31 Mn |
| Jun 30, 2021 | 162.61 Mn |