TMC the metals company Inc.

TMC the metals company Inc.

TMC
TMC the metals company Inc.US flagNASDAQ Global Select
5.45
USD
+0.02
- -
2.36BMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
-0.32
-0.69
-0.71
-0.26
-0.25
-0.83
-0.8
Free Cash Flow per Basic Share
-0.15
-0.28
-0.28
-0.21
-0.14
-0.11
-0.09
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.05
-0.04
-0.59
-0.38
-0.48
-0.7
-0.67
Tangible Book Value per Share
0.2
0.45
0.17
0.03
-0.06
-0.09
-0.07
Basic Weighted Avg Shares
179
205
240
289
322
385
399
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1
- -
- -
- -
- -
- -
- -
Net Income, GAAP
-57
-141
-171
-74
-82
-320
-320
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
Working Capital
2
62
8
-23
-49
61
66
LT Debt
- -
- -
- -
- -
- -
- -
- -
Total Equity
36
93
42
11
-17
-33
-27
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
409
423
433
Market Capitalization
2,373
2,298
1,865

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
117
121
123
Cash, Cash Equivalents & STI
116
118
120
Accounts Receivable, Net
2
- -
3
Inventories
- -
- -
- -
Total Current Liabilities
47
59
57
Payables & Accruals
47
46
54
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-26.9%
95.37%
Free Cash Flow
- -
17.6%
-2.02%
Net Income, GAAP
- -
83.01%
290.32%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.08
-0.06
-0.06
- -
-0.25
2025
-0.06
-0.2
-0.46
- -
-0.83
2026
-0.05
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

MCPAPIChat
CEO
Gerard Barron
Full Time Employees
47
Sector
Basic Materials
Industry
Industrial Materials
Address
595 Howe Street Vancouver BC Canada V6C 2T5
IPO Date
Sep 10, 2021
Website
metals.co
Business
TMC the metals company Inc. TMC the metals company Inc. is a deep-sea minerals exploration company focused on the collection, processing, and refining of polymetallic nodules from the seafloor in the Clarion Clipperton Zone of the Pacific Ocean; the company targets high-grade concentrations of nickel, copper, cobalt, and manganese essential for electric vehicle batteries, energy storage, renewable energy infrastructure, power transmission, steel manufacturing, and defense applications; its planned products include battery-grade nickel sulfate and cobalt sulfate, copper cathode, and manganese silicate feedstock, derived through a proprietary metallurgical process that generates near-zero solid waste. Founded in 2011 as DeepGreen Metals and headquartered at 1111 West Hastings Street in Vancouver, British Columbia, Canada, TMC the metals company Inc. holds exploration and commercial rights across approximately 224,533 square kilometers in the Clarion Clipperton Zone through sponsorship agreements with Nauru Ocean Resources Inc. (NORI), Tonga Offshore Mining Ltd. (TOML), and Kiribati; the company went public in 2021 via Nasdaq listing and operates a single segment in seafloor polymetallic nodule exploration and development, serving global markets in energy transition, manufacturing, and infrastructure. In recent developments, TMC the metals company Inc. completed a milestone processing trial with partner Pacific Metals Co. (PAMCO) in Japan, smelting 450 tonnes of nodule calcine into 35 tonnes of nickel-copper-cobalt alloy and 320 tonnes of manganese silicate in February 2025; the company raised $37 million in a registered direct offering in May 2025 led by investors Michael Hess of Hess Capital and Brian Paes-Braga of SAF Group, bolstering liquidity to approximately $80 million including credit facilities; TMC USA submitted the world's first commercial recovery permit application under U.S. law in April 2025 ahead of schedule, alongside two exploration licenses covering over 225,000 square kilometers with estimated resources of 1.635 billion wet tonnes of nodules; it secured a strategic investment from Korea Zinc to advance U.S.-based deep-seabed critical minerals development, renewed sponsorship agreements with Tonga in August 2025 and Nauru, appointed Michael Hess and Alex Spiro to its board, hired Rutger Bosland as Chief Innovation and Offshore Technology Officer, and released economic studies declaring world-first nodule reserves with a combined net present value of $23.6 billion.

Company News

MCPAPIChat
  • SpaceX IPO Steals Spotlight as Stocks March Higher

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  • Laser Photonics Helps Truck Reman Shops Meet TMC RP 374 Guidelines for DPF Cleaning

  • Prediction: TMC The Metals Company Will Soar Over the Next Year. Here's 1 Reason Why.

  • Surge Battery Metals Announces Strategic Funding to Fast Track the Nevada North Lithium Project, Co-Led by Brian Paes-Braga and Michael Hess

  • Wall Street Analysts Believe The Metals Company (TMC) Could Rally 63.52%: Here's is How to Trade

  • The Metals Royalty Company Inc. Closes Mesabi Royalty Acquisition, Exercises Option to Acquire an Additional 1% Royalty Interest and Appoints Michael Hess as Non-Executive Co-Chairman

  • Why TMC The Metals Company Stock Rocketed Higher Today

  • TMC the metals company Inc. (TMC) Shareholder/Analyst Call Prepared Remarks Transcript

  • 2 Stocks With Monster Potential to Hold Through the Next Decade

  • NOAA Certifies TMC USA's USA B Exploration License Application

  • Navan Unlocks Savings for Travelers with First SAS NDC Direct Connect

  • Could Buying TMC The Metals Company Stock Today Set You Up for Life?

  • TMC and Allseas Just Signed an Agreement to Develop a Commercial Nodule Recovery System. Does This Move Make the Stock a Buy in 2026 and Beyond?

  • TMC The Metals Company: Buy The Critical Minerals Play On The Dip

  • Critical Minerals Market Heats Up as Nickel and Cobalt Demand Surges Worldwide

  • TMC Stock: Why This Pre-Revenue Miner Is Worth Watching

  • TMC the metals Q1 Earnings Call Highlights

  • TMC the metals company Inc. (TMC) Q1 2026 Earnings Call Transcript

  • TMC Provides First Quarter 2026 Corporate Update