At the latest data point in Q1'26, Sea Limited (SE) reported an ROE of 3.33%, an ROA of 1.40%, and an ROIC of 2.61%. These metrics indicate a slight recovery and stabilization compared to the previous quarter's performance. From Q2'23 to Q1'26, the company's efficiency ratios exhibited significant volatility, characterized by a sharp decline into negative territory starting in Q3'23, where ROE reached a low of -2.31%. Following this trough, there was a consistent upward trend through Q1'25, with ROE peaking at 4.50% before moderating and stabilizing above 3% throughout the remaining periods. Overall, the data reflects a transition from a period of operational losses back to sustained profitability and improved asset utilization over the three-year timeframe.