Sea Limited (SE) annual results, year to 31 December 2024: revenue USD 16,820 million, from the 20-F
Sea Limited files a 20-F with the SEC once a year, in US dollars. In the year to 31 December 2024 it reported revenue of USD 16,820 million, up 28.8% on the year before. Its profit attributable to shareholders was USD 444 million, up 194.8%, and diluted earnings per share USD 0.74.
The year to 31 December 2024, against the year before
| Year to | Dec 2023 | Dec 2024 |
|---|---|---|
| Revenue | 13,064 | 16,820 |
| Cost of sales | 7,230 | 9,615 |
| Gross profit | 5,834 | 7,205 |
| Research and development | 1,164 | 1,206 |
| Operating profit | 225 | 662 |
| Profit before tax | 432 | 779 |
| Income tax | 263 | 321 |
| Profit for the year | 163 | 448 |
| Profit attributable to shareholders | 151 | 444 |
| Filing | 20-F | 20-F |
USD million, from the 20-F on the SEC's EDGAR, linked in the last row, on the US GAAP tags the company filed. A line the company does not file under the standard tag is left out rather than estimated.
USD per ordinary share, as filed.
Cash flow
| Year to | Dec 2023 | Dec 2024 |
|---|---|---|
| Cash from operations | 2,080 | 3,277 |
| Purchase of property, plant and equipment | 242 | 318 |
| Free cash flow | 1,838 | 2,959 |
| Filing | 20-F | 20-F |
USD million. Free cash flow is cash from operations less the purchase of property, plant and equipment, arithmetic on the two filed lines.
Balance sheet at year end
| Year to | Dec 2023 | Dec 2024 |
|---|---|---|
| Total assets | 18,883 | 22,625 |
| Equity attributable to shareholders | 6,594 | 8,372 |
| Cash and cash equivalents | 2,811 | 2,405 |
| Trade and other receivables | 263 | 307 |
| Inventories | 125 | 143 |
| Goodwill | 113 | 108 |
| Filing | 20-F | 20-F |
USD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2023 | Dec 2024 |
|---|---|---|
| Gross margin | 44.7% | 42.8% |
| Operating margin | 1.7% | 3.9% |
| Net margin | 1.2% | 2.6% |
| Free cash flow margin | 14.1% | 17.6% |
| Return on year-end equity | 2.3% | 5.3% |
| Effective tax rate | 60.8% | 41.2% |
| Filing | 20-F | 20-F |
Arithmetic on the filed lines of the same year.
Every annual report here
- Year to 31 December 2025
- Year to 31 December 2024, this page
- Year to 31 December 2023
- Year to 31 December 2022
- Year to 31 December 2021
- Year to 31 December 2020
- Year to 31 December 2019
- Year to 31 December 2018
- Year to 31 December 2017
- Year to 31 December 2016
- Year to 31 December 2015
Source
20-F for the year to 31 December 2024, filed 17 April 2026, accession 0001140361-26-015366: the filing on EDGAR. All of Sea Limited's filings: EDGAR company page. The figures are in US dollars as filed.
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