TMC the metals company inc.

TMC the metals company inc.

TMC
TMC the metals company inc.US flagNASDAQ
4.00
USD
-0.06
- -
1.73BMarket 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
-0.73
Free Cash Flow per Basic Share
-0.15
-0.28
-0.28
-0.21
-0.14
-0.11
-0.1
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
0.41
0.16
0.04
-0.05
-0.08
-0.06
Tangible Book Value per Share
- -
0.41
0.16
0.03
-0.06
-0.08
-0.07
Basic Weighted Avg Shares
179
205
240
289
322
385
422
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1
- -
- -
- -
- -
- -
- -
Net Income, GAAP
-57
-141
-171
-74
-82
-320
-306
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
Working Capital
2
62
8
-23
-49
61
49
LT Debt
- -
- -
- -
- -
- -
- -
- -
Total Equity
36
93
42
11
-17
-33
-27
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-220
-254.68
-281.48
- -
- -
- -

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
423
433
434
Market Capitalization
2,610
2,023
1,921

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
121
123
101
Cash, Cash Equivalents & STI
118
120
99
Accounts Receivable, Net
- -
3
3
Inventories
- -
- -
- -
Total Current Liabilities
59
57
53
Payables & Accruals
46
54
52
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
-0.14
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

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

Company Description

CEO
Gerard Barron
Full Time Employees
48
Sector
Basic Materials
Industry
Other Precious Metals
Address
1111 West Hastings Street Vancouver BC Canada V6E 2J3
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

  • TMC the metals Targets 2027 Offshore Commissioning as NOAA Permit Review Advances

  • TMC the metals company: A Speculative Bet On U.S. Seabed Mineral Independence

  • The Metals Company vs. USA Rare Earth: Which Speculative Materials Bet Actually Pays Off First?

  • Cameco vs. TMC The Metals Co: Is a Uranium Stock or Rare Earth Metals Venture the Better Buy in 2026?

  • Why The Metals Company Stock Soared in August

  • I Wouldn't Touch The Metals Company Yet -- Here's the One Number I'm Waiting On

  • This Stock Trades at a Fraction of Its Own Projected $23.6 Billion Value. Here's Why the Market Isn't Buying It.

  • Here Are Friday’s Top Wall Street Analyst Research Calls: Baozun, Commerce Bancshares, Element Solutions, Evolution Petroleum, Petrobras, Rythm Pharmaceuticals, Terawulf, UMB Financial, Workday, and More

  • Is It Too Late to Buy TMC The Metals Company After Its 32% Rally?

  • Is The Metals Company a Potential Millionaire-Maker Stock?

  • The Metals Company Is Riding the Critical Metals Boom. Here's Why I Still Wouldn't Touch It.

  • MP Materials vs. The Metals Company: Which Rare-Earth Bet Actually Pays Off First?

  • NOAA Publishes TMC USA's Consolidated Application for an Exploration License and Commercial Recovery Permit for TMC USA-A in the Federal Register

  • What's Going On With The Metals Company Stock?

  • NOAA Publishes Notice of Intent in the Federal Register to Prepare an Environmental Impact Statement for TMC USA's USA-B Exploration License Application

  • The Metals Company's Big Bet Now Comes Down to a License

  • MP Materials vs. The Metals Company: Which Critical-Minerals Stock Is the Smarter Long-Term Buy?

  • TMC the metals Q2 Earnings Call Highlights

  • TMC the metals company Inc. (TMC) Q2 2026 Earnings Call Transcript

  • TMC Provides Second Quarter 2026 Corporate Update