NASDAQ · Financial Statements

TMC the metals company Inc. (TMC) Financial Statements

$2.43 NASDAQ: TMC Market Cap $1.07B

TMC the metals company Inc. most recently reported annual revenue of $0, a net loss of $320.0M. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

TMC the metals company Inc.: net profit was positive in 0 of 7 reported years; the most recent year shows a net loss of $320.0M.

Income Statement — 7 Years (USD millions)

Metric2019202020212022202320242025
Revenue$0$0$0$0$0$0$0
Operating Expenses$42.0M$-57.0M$-150.0M$174.0M$72.0M$81.0M$140.0M
Operating Profit$-42.0M$57.0M$150.0M$-174.0M$-72.0M$-81.0M$-140.0M
Operating Margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Other Income$-1.0M$-113.0M$-291.0M$3.0M$-1.0M$-1.0M$-180.0M
Interest$0$0$1.0M$0$1.0M$3.0M$3.0M
Depreciation$0$1.0M$0$0$0$0$0
Profit Before Tax$-43.0M$-57.0M$-141.0M$-171.0M$-74.0M$-82.0M$-320.0M
Tax$0$0$0$-50,000$-60,000$-60,000$-50,000
Net Profit$-43.0M$-57.0M$-141.0M$-171.0M$-74.0M$-82.0M$-320.0M
EPS$-0.33$-0.32$-0.69$-0.71$-0.26$-0.25$-0.83
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$0$0$0$0$0$0$0$0$0$0$0$0
Operating Expenses$13.0M$33.0M$25.0M$20.0M$20.0M$16.0M$18.0M$22.0M$55.0M$45.0M$34.0M$72.0M
Operating Profit$-13.0M$-33.0M$-25.0M$-20.0M$-20.0M$-16.0M$-18.0M$-22.0M$-55.0M$-45.0M$-34.0M$-72.0M
Operating Margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Interest$0$0$0$0$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M
Profit Before Tax$-12.0M$-47.0M$-25.0M$-20.0M$-21.0M$-16.0M$-21.0M$-74.0M$-184.0M$-40.0M$-21.0M$-60.0M
Tax$0$-90,000$0$0$0$-300,000$0$0$-70,000$-50,000$-210,000$-190,000
Net Profit$-12.0M$-47.0M$-25.0M$-20.0M$-21.0M$-16.0M$-21.0M$-74.0M$-185.0M$-40.0M$-21.0M$-60.0M
EPS$-0.04$-0.15$-0.08$-0.06$-0.06$-0.05$-0.06$-0.20$-0.57$-0.10$-0.05$-0.14

Over the 7 years reported for TMC the metals company Inc., cash stood at $118.0M in the latest year, shareholders' equity was $681.0M, current assets covered current liabilities 2.00 times.

Balance Sheet — 7 Years (USD millions)

Metric2019202020212022202320242025
Total Assets$18.0M$55.0M$133.0M$95.0M$69.0M$63.0M$182.0M
Current Assets$16.0M$10.0M$89.0M$50.0M$9.0M$5.0M$118.0M
Cash$16.0M$10.0M$85.0M$47.0M$7.0M$3.0M$118.0M
Inventory$0$0$0$0$0$0$0
Receivables$0$0$0$0$0$0$3.0M
Fixed Assets$2.0M$44.0M$45.0M$2.0M$50.0M$7.0M$2.0M
Capital Work in Progress$0$0$0$0$0$0$0
Investments$0$0$0$0$8.0M$8.0M$13.0M
Other Assets$0$0$0$0$0$0$2.0M
Total Liabilities$10.0M$18.0M$40.0M$53.0M$58.0M$80.0M$215.0M
Current Liabilities$2.0M$8.0M$27.0M$42.0M$31.0M$55.0M$59.0M
Borrowings$0$0$0$0$0$12.0M$0
Other Liabilities$10.0M$18.0M$40.0M$53.0M$58.0M$68.0M$215.0M
Equity$80.0M$154.0M$296.0M$333.0M$438.0M$477.0M$681.0M
Reserves$8.0M$36.0M$93.0M$42.0M$11.0M$-17.0M$-33.0M

For TMC the metals company Inc., operating cash flow was positive in 0 of 7 reported years; free cash flow in the latest year was negative at $43.0M; free cash flow was positive in 0 of 7 years.

Cash Flow Statement — 7 Years (USD millions)

Metric2019202020212022202320242025
Operating Cash Flow$-15.0M$-27.0M$-56.0M$-67.0M$-60.0M$-43.0M$-43.0M
Investing Cash Flow$-4.0M$-1.0M$-4.0M$-2.0M$-1.0M$-1.0M$0
Financing Cash Flow$0$1.0M$104.0M$-1.0M$0$0$0
Net Cash Flow$16.0M$-6.0M$75.0M$-38.0M$-40.0M$-3.0M$114.0M
Free Cash Flow$-17.0M$-27.0M$-56.0M$-68.0M$-60.0M$-44.0M$-43.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.02
EV / EBITDA-3.50
FCF Yield-3.78%
Quick Ratio1.87
Interest Coverage-75.10
Return 1Y-50.26%
Return 3Y175.00%
Return 5Y—

TMC the metals company Inc. (TMC) financials — frequently asked questions

What is TMC the metals company Inc.'s annual revenue?

TMC the metals company Inc. (TMC) reported annual revenue of $0 in its most recent fiscal year.

What is TMC the metals company Inc.'s net profit?

TMC the metals company Inc. (TMC) reported a net loss of $320.0M in its most recent fiscal year.

What is TMC EV/EBITDA?

TMC the metals company Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -3.50. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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