SequelSEC

TMC the metals Co Inc. TMC

Metal Mining · CIK 0001798562 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
Unavailable
Fiscal year ended 2025-12-31
Operating income
-$140.05M
Fiscal year ended 2025-12-31
Free cash flow
-$43.10M
Fiscal year ended 2025-12-31

TMC the metals Co Inc. (TMC) reported net income of -$319.84M for the fiscal year ended 2025-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from TMC the metals Co Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Metal Mining.

Income

TMC the metals Co Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
RevenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating income-$140.05M-$81.29M-$72.39M-$174.12M-$149.59M-$56.60MUnavailable
Net income-$319.84M-$81.94M-$73.78M-$170.96M-$141.30M-$56.63M-$9.04K
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 384.51Mshares 321.88Mshares 288.64Mshares 239.87Mshares 204.93Mshares 178.57MUnavailable
Pretax income-$319.70M-$81.90M-$73.74M-$170.89M-$141.30MUnavailableUnavailable
Income tax expense$144.00K$48.00K$41.00K$77.00KUnavailableUnavailableUnavailable
Diluted EPS$0.83$0.25$0.26$0.71$0.69$0.32Unavailable
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$99.77M$30.64M$22.54M$29.52M$56.58M$7.72MUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

TMC the metals Co Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash & equivalents$117.63M$3.48M$6.84M$46.88M$84.87M$10.10M$15.95M
Total assets$181.63M$63.00M$68.90M$94.78M$133.12M$54.68M$119.62K
Current assets$120.68M$5.33M$8.82M$49.60M$88.56M$10.22M$15.96K
Total liabilities$215.07M$80.12M$57.98M$53.27M$40.37M$18.43M$103.66K
Current liabilities$59.40M$54.53M$31.33M$41.61M$26.57M$7.76M$103.66K
Total equity incl. NCI-$33.44M-$17.12M$10.92M$41.50M$92.75M$36.25M$8.19M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailable$227.27MUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailable$1.98M$2.73M$3.69M$38.00KUnavailable
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payable$2.28M$6.20M$2.44MUnavailableUnavailable$34.30K$23.06K

Cash flow

TMC the metals Co Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Operating cash flow-$42.85M-$43.47M-$59.57M-$66.60M-$56.09M-$26.53MUnavailable
Capital expenditures$245.00K$515.00K$578.00KUnavailableUnavailableUnavailableUnavailable
Investing cash flow$447.00K-$515.00K-$578.00K-$1.17M-$3.84M-$607.00KUnavailable
Financing cash flow$156.58M$40.69M$20.07M$29.72M$134.70M$21.29MUnavailable
Net change in cashUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Stock-based compensation$96.67M$25.31M$12.36M$20.08M$74.57M$27.10MUnavailable
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortizationUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Derived

TMC the metals Co Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Free cash flow-$43.10M-$43.98M-$60.15MUnavailableUnavailableUnavailableUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Current ratio2.03x0.10x0.28x1.19x3.33x1.32x0.15x
Revenue YoY growthUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open TMC in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-13View SEC filing
10-Q · Filed 2026-05-14View SEC filing
10-K · Filed 2026-03-31View SEC filing
10-Q · Filed 2025-11-13View SEC filing
10-Q · Filed 2025-08-14View SEC filing
10-Q · Filed 2025-05-14View SEC filing

Companies in the same industry

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Reconciliation checks needing review

2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

balance equationreview2020-12-31

Difference 227267210 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.

balance equationreview2019-12-31

Difference 8172039 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.