TMC the metals financials
$3.74−3.11%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 |
|---|---|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Gross profit | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Gross margin | — | — | — | — | — |
| Operating income | -$140.1M | -$81.3M | -$72.4M | -$174.1M | -$149.6M |
| Net income | -$319.8M | -$81.9M | -$73.8M | -$171.0M | -$141.3M |
| Net margin | — | — | — | — | — |
| Diluted EPS | $-0.83 | $-0.25 | $-0.26 | $-0.71 | $-0.69 |
| EBITDA | -$139.8M | -$80.9M | -$72.0M | -$173.7M | -$149.1M |
| Operating cash flow | -$42.9M | -$43.5M | -$59.6M | -$66.6M | -$56.1M |
| Free cash flow | -$43.1M | -$44.0M | -$60.2M | -$67.8M | -$56.5M |
| Diluted shares | 384.5M | 321.9M | 288.6M | 239.9M | 204.9M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|
| Cash & equivalents | $117.6M | $3.5M | $6.8M | $46.9M | $84.9M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Total debt | $0.00 | $11.8M | $0.00 | $0.00 | $0.00 |
| Total assets | $181.6M | $63.0M | $68.9M | $94.8M | $133.1M |
| Total liabilities | $215.1M | $80.1M | $58.0M | $53.3M | $40.4M |
| Shareholders' equity | -$33.4M | -$17.1M | $10.9M | $41.5M | $92.8M |
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