---
title: "SE: Strong revenue growth"
canonical_url: https://www.stockexpertai.com/journal/2025-12-20/se-balance-sheet-q4-2025
last_updated: 2025-12-20T04:56:28.420Z
section: "Balance Sheet Intelligence"
author: "Charlie Bennett"
publisher: Stock Expert AI
tickers: SE
content_type: journal-article
---

# SE: Strong revenue growth

## The Take
- SE's balance sheet shows strength with a health score of 70/100. Key strengths include strong fundamentals that support a positive outlook.

_Revenue surging at 38.3% YoY_

# Sea Limited (SE): Growth Rocket or Market Mirage? 

## Executive Summary
Sea Limited is experiencing a remarkable growth trajectory, with **+38.3%** revenue expansion signaling robust market momentum. This Southeast Asian digital powerhouse is transforming from a regional player into a global technology contender.

## Profitability & Growth
Sea's financial performance is a tale of accelerating growth and strategic scaling. Key highlights:
- **Revenue (TTM)**: **$9.28B**, surging by an impressive **38.3%** year-over-year
- **Net Income (TTM)**: **$390.63M**, demonstrating improving profitability
- **Profit Margin**: **4.2%**, indicating steady progress towards operational efficiency

The earnings growth is particularly noteworthy, with a staggering **145.80%** year-over-year earnings expansion. So what? This suggests the company is not just growing revenues, but dramatically improving its bottom-line performance.

## Financial Health
Sea's balance sheet reveals a robust financial foundation:
- **Total Assets**: **$21.69B**
- **Total Liabilities**: **$13.66B**
- **Stockholder Equity**: **$7.92B**

The **Debt/Equity** ratio of **36.6%** indicates a conservative capital structure, lower than many tech peers. With a **$7.9B** cash position, Sea has significant financial flexibility for future investments.

## Cash Flow & Dividends
Cash flow metrics are impressively strong:
- **Operating Cash Flow (TTM)**: **$4.56B**
- **Free Cash Flow (TTM)**: **$4.24B**

While the company doesn't currently pay dividends, these robust cash flows suggest potential future shareholder returns through reinvestment or future dividend potential.

## Valuation & Forecast
Valuation metrics paint an interesting picture:
- **P/E Ratio (TTM)**: **53.26**
- **Price/Sales**: **3.43**
- **Price/Book**: **7.12**

Analyst forecasts are optimistic:
- **Current Year Revenue**: **$22.33B**
- **Next Year Revenue**: **$27.73B**
- **Current Year EPS**: **$3.50**
- **Next Year EPS**: **$5.06**

## Verdict
**Bull Case**: Explosive growth, strong cash position, expanding digital ecosystem across gaming, e-commerce, and fintech.

**Bear Case**: High valuation multiples, competitive tech landscape, potential margin compression.

**Balanced Perspective**: Sea Limited demonstrates remarkable growth potential with a solid financial foundation. Investors should watch execution in digital markets and margin sustainability.

Confidence Level: 85% based on current data and growth trajectory.

## Key Strengths
- Strong revenue growth
- Low debt levels

## Related Tickers
- [SE](https://www.stockexpertai.com/stock/se)

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_AI-generated under human editorial supervision. Educational research, not financial advice._