In the latest fiscal period Q1'26, Sea Limited (SE) reported a Gross Margin of 44.3%, an Operating Margin of 8.35%, and a Net Profit Margin of 6%. These figures indicate a stable performance as the company continues to maintain positive profitability across all three key metrics. From Q2'23 to Q1'26, the company experienced a significant recovery after bottoming out in late 2023, where Operating Margin and Net Profit Margin both dipped into negative territory. While Gross Margin has fluctuated within a range of approximately 41.6% to 46.9%, the Operating Margin showed a steady upward trajectory from its low of -3.86% in Q3'23 to a peak of 9.43% in Q1'25 before stabilizing. Overall, the data reflects an improved operational efficiency and a successful transition back to consistent net profitability starting from Q2'24.