TMC

TMC the metals company Inc.

Cyclical demand Physical products Sells to businesses Commodity producer Development stageTags from an AI model reading the company description.

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Key Metrics

Previous Close: $3.76
52-Week Range: $3.40 – $11.35
Market Cap: $1.67B
P/E (TTM): —
EPS (TTM): -0.73
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: —
PEG Ratio: —
Return on Equity: -1123.19%
Return on Assets: -72.54%
Gross Margin: 0.00%
Operating Margin: 0.00%
Profit Margin: 0.00%
Current Ratio: 1.93
Debt/Equity: —
Total Debt: $0.00
Free Cash Flow: $20.78M
Revenue Growth: —
Earnings Growth: —
Enterprise Value: $1.57B

TMC Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$0.00	$0.00	$0.00	$0.00
Selling, General & Admin	$29.52M	$22.54M	$30.64M	$99.77M
Operating Expenses	$174.12M	$72.39M	$81.29M	$140.05M
Operating Income	-$174.12M	-$72.39M	-$81.29M	-$140.05M
EBITDA	-$170.47M	-$72.60M	-$78.93M	-$316.23M
Pretax Income	-$170.89M	-$73.74M	-$81.89M	-$319.70M
Income Tax	$77.00K	$41.00K	$48.00K	$144.00K
Net Income	-$170.96M	-$73.78M	-$81.94M	-$319.84M
Diluted EPS	-0.71	-0.26	-0.25	-0.83
Diluted Shares	239.87M	288.64M	321.88M	384.51M

TMC Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$46.88M	$6.84M	$3.48M	$117.63M
Receivables	$117.00K	$467.00K	$249.00K	$664.00K
Current Assets	$49.60M	$8.82M	$5.33M	$120.68M
Total Assets	$94.78M	$68.90M	$63.00M	$181.63M
Current Liabilities	$41.61M	$31.33M	$54.53M	$59.40M
Total Debt	—	—	$11.78M	—
Total Liabilities	$53.27M	$57.98M	$80.12M	$215.07M
Retained Earnings	-$475.12M	-$548.90M	-$631.43M	-$951.28M
Shareholders' Equity	$41.51M	$10.92M	-$17.12M	-$33.44M
Working Capital	$7.99M	-$22.51M	-$49.20M	$61.28M
Net Debt	—	—	$8.29M	—

TMC Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$66.60M	-$59.57M	-$43.47M	-$42.85M
Capital Expenditure	-$1.17M	-$578.00K	-$515.00K	-$245.00K
Free Cash Flow	-$67.77M	-$60.15M	-$43.98M	-$43.10M
Depreciation & Amortisation	$418.00K	$360.00K	$362.00K	$252.00K
Stock-Based Compensation	$20.08M	$12.36M	$25.31M	$96.67M
Investing Cash Flow	-$1.17M	-$578.00K	-$515.00K	$447.00K
Financing Cash Flow	$29.72M	$20.07M	$40.69M	$156.59M
Net Change in Cash	-$38.05M	-$40.09M	-$3.30M	$114.18M

TMC Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Selling, General & Admin	$8.50M	$11.48M	$45.73M	$34.07M	$20.73M	$15.63M
Operating Expenses	$18.02M	$21.98M	$55.36M	$44.70M	$33.98M	$71.72M
Operating Income	-$18.02M	-$21.98M	-$55.36M	-$44.70M	-$33.98M	-$71.72M
EBITDA	-$19.51M	-$73.45M	-$183.66M	-$39.62M	-$19.85M	-$59.25M
Pretax Income	-$20.59M	-$74.34M	-$184.39M	-$40.38M	-$20.55M	-$60.01M
Income Tax	$0.00	—	$123.00K	$21.00K	$44.00K	$116.00K
Net Income	-$20.59M	-$74.34M	-$184.52M	-$40.40M	-$20.60M	-$60.12M
Diluted EPS	0.06	-0.20	-0.46	—	0.05	-0.14
Diluted Shares	345.35M	366.63M	405.51M	—	425.77M	433.24M

TMC Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$2.35M	$115.76M	$115.65M	$117.63M	$119.68M	$98.66M
Receivables	$5.01M	$1.52M	$1.57M	$664.00K	$3.10M	$2.75M
Current Assets	$7.36M	$117.28M	$117.21M	$120.68M	$122.78M	$101.41M
Total Assets	$64.48M	$173.69M	$175.62M	$181.63M	$184.87M	$180.86M
Current Liabilities	$55.22M	$49.58M	$46.83M	$59.40M	$56.55M	$52.62M
Total Debt	$9.98M	$2.48M	—	—	—	—
Total Liabilities	$81.25M	$91.83M	$216.24M	$215.07M	$212.22M	$208.30M
Retained Earnings	-$652.02M	-$726.36M	-$910.88M	-$951.28M	-$971.88M	-$1.03B
Shareholders' Equity	-$16.77M	$81.86M	-$40.62M	-$33.44M	-$27.35M	-$27.44M
Working Capital	-$47.87M	$67.70M	$70.38M	$61.28M	$66.23M	$48.78M
Net Debt	$7.63M	—	—	—	—	—

TMC Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$9.35M	-$10.66M	-$11.49M	-$11.36M	-$615.00K	-$20.10M
Capital Expenditure	-$70.00K	-$50.00K	-$20.00K	-$105.00K	-$35.00K	-$33.00K
Free Cash Flow	-$9.42M	-$10.71M	-$11.51M	-$11.46M	-$650.00K	-$20.13M
Depreciation & Amortisation	$58.00K	$58.00K	$57.00K	$79.00K	$39.00K	$39.00K
Stock-Based Compensation	$10.38M	$8.92M	$42.97M	$34.41M	$23.98M	$16.80M
Investing Cash Flow	-$70.00K	$296.00K	-$20.00K	$241.00K	-$35.00K	-$881.00K
Financing Cash Flow	$8.29M	$123.78M	$11.41M	$13.11M	$2.72M	$56.00K
Net Change in Cash	-$1.12M	$113.41M	-$101.00K	$2.00M	$2.07M	-$20.93M

Market Snapshot

About

TMC the metals company Inc. is an explorer and developer of critical battery metals from deep-sea polymetallic nodules on the ocean floor. The company aims to provide nickel, cobalt, copper, and manganese for electric vehicle batteries with reduced environmental impact compared to land-based mining.