Sea (SE) Research & Development (2016 - 2026)
Sea (SE) recorded quarterly Research & Development of -$296.7 million in Q1 2026, down 6.87% on a QoQ basis from -$277.6 million in Q4 2025, and little changed year-over-year from -$297.5 million in Q1 2025.
Sea (SE) Research & Development (2016 - 2026) Analysis & Trends
Sea has disclosed Research & Development across 11 years of filings, most recently posting -$296.7 million for Q1 2026.
- Quarterly Research & Development changed 0.27% year-over-year to -$296.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$1.2 billion (up 3.3% YoY) and the FY2025 annual result came in at $1.2 billion, down 4.05% from the prior year.
- Research & Development fell to -$296.7 million in Q1 2026, from -$277.6 million in the prior quarter.
- Over five years, Research & Development peaked at -$244.2 million in Q4 2022 and troughed at -$370.9 billion in Q2 2022.
- A 5-year average of -$38.8 billion and a median of -$298.5 million in 2024 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development plunged 141.2% — and 2024, when it surged 99.89%.
- Tracing SE's Research & Development over 5 years: stood at -$244.2 million in 2022, then retreated by 14.58% to -$279.8 million in 2023, then retreated by 7.65% to -$301.2 million in 2024, then rose by 7.84% to -$277.6 million in 2025, then retreated by 6.87% to -$296.7 million in 2026.
- Business Quant data shows SE's Research & Development at -$296.7 million in Q1 2026, -$277.6 million in Q4 2025, and -$286.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 29.57 Bn |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 699.00 Mn |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 398.00 Mn |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | -714.26 Mn |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 450.00 Mn |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | - |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | -4.25 Mn |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | - |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 164.00 Mn |
| 10 | Sea | 64,018.50 | -8.52 Bn | 3.15 Bn | -296.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -296.67 Mn |
| Dec 31, 2025 | -277.59 Mn |
| Sep 30, 2025 | -286.28 Mn |
| Jun 30, 2025 | -297.43 Mn |
| Mar 31, 2025 | -295.86 Mn |
| Dec 31, 2024 | -301.22 Mn |
| Sep 30, 2024 | -301.99 Mn |
| Jun 30, 2024 | -298.47 Mn |
| Mar 31, 2024 | -304.38 Mn |
| Dec 31, 2023 | -279.81 Mn |
| Sep 30, 2023 | -280.51 Mn |
| Jun 30, 2023 | -283.30 Bn |
| Mar 31, 2023 | -320.51 Mn |
| Dec 31, 2022 | -244.20 Mn |
| Sep 30, 2022 | -420.97 Mn |
| Jun 30, 2022 | -370.93 Bn |
| Mar 31, 2022 | -340.41 Mn |
| Dec 31, 2021 | -286.64 Mn |
| Sep 30, 2021 | -231.37 Mn |
| Jun 30, 2021 | -172.56 Bn |