TMC the metals company inc.

TMC the metals company inc.

TMC
TMC the metals company inc.US flagNASDAQ
4.44
USD
+0.04
- -
1.92BMarket 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
- -
0.41
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
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 (%)
- -
-220
-254.68
-281.48
- -
- -
- -

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
2,604
2,610
2,023

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

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

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

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

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

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  • The Metals Company Announces Second Quarter 2026 Corporate Update Conference Call for Thursday, August 13, 2026

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