TMC the metals financials
$3.74−3.11%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Gross profit | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating income | -$71.7M | -$34.0M | -$44.7M | -$55.4M | -$22.0M | -$18.0M | -$16.3M | -$20.0M | -$20.3M | -$24.7M | -$33.3M | -$12.5M |
| Net income | -$60.1M | -$20.6M | -$40.4M | -$184.5M | -$74.3M | -$20.6M | -$16.1M | -$20.5M | -$20.2M | -$25.2M | -$33.5M | -$12.5M |
| Net margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Diluted EPS | $-0.14 | $-0.05 | $-0.10 | $-0.46 | $-0.20 | $-0.06 | $-0.05 | $-0.06 | $-0.06 | $-0.08 | $-0.11 | $-0.04 |
| EBITDA | -$71.8M | -$33.9M | -$44.6M | -$55.3M | -$22.0M | -$18.0M | -$16.3M | -$19.9M | -$20.2M | -$24.6M | -$32.9M | -$12.7M |
| Operating cash flow | -$20.1M | -$615.0K | -$11.4M | -$11.5M | -$10.7M | -$9.3M | -$13.7M | -$5.8M | -$12.1M | -$11.9M | -$15.2M | -$12.5M |
| Free cash flow | -$20.1M | -$650.0K | -$11.5M | -$11.5M | -$10.7M | -$9.4M | -$13.8M | -$5.8M | -$12.2M | -$12.2M | -$15.6M | -$12.6M |
| Diluted shares | 433.2M | 425.8M | 420.6M | 405.5M | 366.6M | 345.3M | 331.4M | 323.7M | 320.9M | 311.5M | 306.6M | 294.6M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $98.7M | $119.7M | $117.6M | $115.6M | $115.8M | $2.3M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $2.5M | $10.0M |
| Total assets | $180.9M | $184.9M | $181.6M | $175.6M | $173.7M | $64.5M |
| Total liabilities | $208.3M | $212.2M | $215.1M | $216.2M | $91.8M | $81.3M |
| Shareholders' equity | -$27.4M | -$27.3M | -$33.4M | -$40.6M | $81.9M | -$16.8M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology