Coverage summary
Aardvark Labs Capital Research has covered Sea Limited (SE) since August 13, 2025. The company is in the Consumer Cyclical sector. This page lists 5 reports: 5 earnings recaps.
The latest is the Q2 2026 Earnings Recap, published August 28, 2026. The current rating is Outperform, the same in every report since coverage began.
Translations: 5 in Chinese.
The Excel model for SE holds 16 quarters and 5 fiscal years of history and 11 quarters and 5 fiscal years of projections. It was last updated October 19, 2026.
All SE reports
Recap: Q2 2026
Revenue Accelerates to +48% and Shopee's FY26 Profit Goal Rises to $1B, But Tax and Monee's Spread Eat the Net Income Line
Recap: Q1 2026
Revenue +47% YoY Fastest in 4 Quarters, EBITDA Crosses $1B Threshold First Time, All Three Engines Accelerating — Maintaining Outperform (High Conviction)
Recap: Q4 2025
FY25 Record Year: Net Income +260%, Shopee EBITDA +465%, FY26 Guide Pairs ~25% GMV Growth with EBITDA Floor — Maintaining Outperform, Raising Conviction to High
Recap: Q3 2025
Garena Best Quarter Since 2021 at +51% Bookings; Monee Loan Book +70%; Shopee FY25 GMV Guide Raised to >25% — Maintaining Outperform Through Investment Phase
Recap: Q2 2025
Three Engines Firing Simultaneously: Shopee EBITDA Inflects Positive, Monee Loan Book +90%, Garena Guide Raised to +30% — Initiating at Outperform