TMC the metals Co Inc. (TMC) Financial Statements
Industry: Metal Mining
In fiscal 2025, TMC the metals reported revenue of $0. Net income was -$319.8M, or $0.83 per diluted share. Operating activities generated -$42.9M of cash, leaving -$43.1M of free cash flow. At fiscal year end, TMC the metals held $181.6M in total assets against $215.1M in total liabilities, including $117.6M of cash and equivalents.
Open the full interactive TMC the metals financials → Quarterly statements, key ratios, valuation history and price charts.
TMC the metals Key Stats
| Share Price | $2.82 |
|---|---|
| Market Cap | $1.22B |
| P/E Ratio | 3.4 |
| 52-Week Range | $2.82 – $10.69 |
| Shares Outstanding | 433.2 million (basic, 2026 Q2) |
TMC the metals Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Income | -$3.0M | -$149.6M | -$174.1M | -$72.4M | -$81.3M | -$140.1M |
| Pre-Tax Income | -$2.9M | -$141.3M | -$170.9M | -$73.7M | -$81.9M | -$319.7M |
| Income Tax | — | — | $77,000 | $41,000 | $48,000 | $144,000 |
| Net Income | -$2.9M | -$141.3M | -$171.0M | -$73.8M | -$81.9M | -$319.8M |
| Diluted EPS | -$0.35 | $0.69 | $0.71 | $0.26 | $0.25 | $0.83 |
TMC the metals Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 |
| Net Income | -$184.5M | -$40.4M | -$20.6M | -$60.1M |
| Diluted EPS | $0.46 | -$0.11 | $0.05 | $0.14 |
TMC the metals Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.3M | $84.9M | $46.8M | $6.8M | $3.5M | $117.6M |
| Current Assets | $1.5M | $88.6M | $49.6M | $8.8M | $5.3M | $120.7M |
| Total Assets | $301.6M | $133.1M | $94.8M | $68.9M | $63.0M | $181.6M |
| Current Liabilities | $1.9M | $26.6M | $41.6M | $31.3M | $54.5M | $59.4M |
| Total Liabilities | $12.4M | $40.4M | $53.3M | $58.0M | $80.1M | $215.1M |
| Shareholders' Equity | $5.0M | $92.8M | $41.5M | $10.9M | -$17.1M | -$33.4M |
TMC the metals Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$1.3M | -$56.1M | -$66.6M | -$59.6M | -$43.5M | -$42.9M |
| Cash From Investing | -$300.0M | -$3.8M | -$1.2M | -$578,000 | -$515,000 | $447,000 |
| Cash From Financing | $302.6M | $134.7M | $29.7M | $20.1M | $40.7M | $156.6M |
| Free Cash Flow | — | — | — | — | -$44.0M | -$43.1M |
Figures from TMC the metals' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full TMC the metals financials page for every line item.
TMC the metals Company Profile
| Ticker | TMC |
|---|---|
| Exchange | Nasdaq |
| Industry | Metal Mining |
| Headquarters | Vancouver, British Columbia, Canada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer |
| SEC CIK | 0001798562 |
Frequently Asked Questions
What was TMC the metals' revenue in fiscal 2025?
TMC the metals (TMC) reported revenue of $0 for fiscal 2025.
What is TMC the metals' annual revenue history?
TMC the metals' annual revenue by fiscal year: 2020: $0; 2021: $0; 2022: $0; 2023: $0; 2024: $0; 2025: $0.
What was TMC the metals' net income in fiscal 2025?
TMC the metals reported net income of -$319.8M for fiscal 2025.
What was TMC the metals' earnings per share (EPS) in fiscal 2025?
TMC the metals' diluted EPS was $0.83 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did TMC the metals generate in fiscal 2025?
TMC the metals generated -$43.1M of free cash flow in fiscal 2025.
What was TMC the metals' revenue last quarter?
In its most recent reported quarter (2026 Q2), TMC the metals reported revenue of $0.
How many shares of TMC the metals are outstanding?
TMC the metals reported a weighted average of 433.2 million basic shares outstanding in 2026 Q2.
What is TMC the metals' market cap?
Based on its latest closing price, TMC the metals (TMC) has a market capitalization of about $1.22B.
When does TMC the metals' fiscal year end?
TMC the metals' fiscal year end, as registered with the SEC, is December 31.
Where is TMC the metals headquartered?
TMC the metals lists its business address in Vancouver, British Columbia, Canada in its SEC filings.