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TMC the metals company Inc (TMC) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

BASIC MATERIALS · OTHER INDUSTRIAL METALS & MINING · DATA UPDATED 2026-08-30

TMC the metals company Inc (TMC) operates in the OTHER INDUSTRIAL METALS & MINING industry and is headquartered in Vancouver, Canada with about 48 employees. Its market capitalization is roughly $2 billion. In the fiscal year ended 2025-12-31, TMC reported $0M in revenue and ($320M) in net income.

TMC the metals company Inc., a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in California. It primarily explores for nickel, cobalt, copper, and manganese products.

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TMC Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Total Revenue$18M$0M$0M$72M$142M$94M$0M
Gross Profit$0M$0M$0M$0M($174M)($150M)($1M)
Gross Margin %-1.2%-0.5%-122.8%-158.4%
Operating Income (EBIT)($206M)($140M)($81M)($72M)($174M)$150M$57M($42M)
Operating Margin %-1114.1%-100.5%-122.8%158.4%
Net Income($306M)($320M)($82M)($74M)($171M)($141M)($57M)($43M)
Net Margin %-1654.9%-102.4%-120.5%-149.7%
EBITDA($302M)($316M)($79M)($73M)($170M)($144M)($56M)($42M)
Earnings Per Share (EPS)$-0.88$-0.83$-0.25$-0.26$-0.71$-0.69$-0.32$-0.33
Shares Outstanding (M)433M385M322M289M240M205M179M131M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TMC Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$18M$0M$0M$0M$0M$0M($20M)$0M
Gross Profit$0M$0M$0M$0M$0M$0M$0M$0M
Gross Margin %-0.2%0.4%
Operating Income (EBIT)($72M)($34M)($45M)($55M)($22M)($18M)($16M)($20M)
Operating Margin %-388.3%81.0%
Net Income($60M)($21M)($40M)($185M)($74M)($21M)($16M)($21M)
Net Margin %-325.5%79.6%
EBITDA($59M)($20M)($40M)($184M)($73M)($20M)($15M)($20M)
Earnings Per Share (EPS)$-0.14$-0.06$-0.11$-0.57$-0.20$-0.06$-0.05$-0.06
Shares Outstanding (M)433M322M385M322M367M345M322M324M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TMC Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash from Operations (CFO)($44M)($43M)($43M)($60M)($67M)($56M)($27M)($15M)
Capital Expenditures (CapEx)$0M$0M$1M$1M$1M$0M$1M$2M
Free Cash Flow (FCF)($44M)($43M)($44M)($60M)($68M)($56M)($27M)($17M)
FCF Margin %-236.9%-83.5%-47.8%-59.8%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TMC Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)($20M)($1M)($11M)($11M)($11M)($9M)($14M)($6M)
Capital Expenditures (CapEx)$0M$0M$0M$0M$0M$0M$0M$0M
Free Cash Flow (FCF)($20M)($1M)($11M)($12M)($11M)($9M)($14M)($6M)
FCF Margin %-109.0%68.2%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TMC Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Total Assets$181M$182M$63M$69M$95M$133M$55M$18M
Cash & Cash Equivalents$99M$118M$3M$7M$47M$85M$10M$16M
Total Liabilities$208M$215M$80M$58M$53M$40M$18M$10M
Total Debt (Short + Long-Term)$0M$0M$12M$0M$53M$29M$0M$0M
Total Shareholders' Equity($27M)($33M)($17M)$11M$42M$93M$36M$8M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive TMC viewer.

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