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
DateValue
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