TMC the metals Co Inc. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that TMC the metals Co Inc. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($319.84M) | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | ($81.94M) | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | ($73.78M) | Mar 27, 2025 |
| FY2023 | Sep 30, 2023 | ($40.32M) | Mar 25, 2024 |
| FY2023 | Jun 30, 2023 | ($27.86M) | Mar 25, 2024 |
| FY2023 | Mar 31, 2023 | ($13.75M) | Mar 25, 2024 |
| FY2023 | Dec 31, 2022 | ($170.96M) | Mar 25, 2024 |
| FY2022 | Dec 31, 2021 | ($141.30M) | Mar 27, 2023 |
| FY2021 | Dec 31, 2020 | ($56.63M) | Mar 25, 2022 |
| FY2020 | Dec 31, 2019 | ($9.0K) | May 24, 2021 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($140.05M) | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | ($81.29M) | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | ($72.39M) | Mar 27, 2025 |
| FY2023 | Sep 30, 2023 | ($39.13M) | Mar 25, 2024 |
| FY2023 | Jun 30, 2023 | ($26.61M) | Mar 25, 2024 |
| FY2023 | Mar 31, 2023 | ($13.38M) | Mar 25, 2024 |
| FY2023 | Dec 31, 2022 | ($174.12M) | Mar 25, 2024 |
| FY2022 | Dec 31, 2021 | ($149.59M) | Mar 27, 2023 |
| FY2021 | Dec 31, 2020 | ($56.60M) | Mar 25, 2022 |
| FY2020 | Dec 31, 2019 | ($9.0K) | May 24, 2021 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($42.85M) | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | ($43.47M) | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | ($59.57M) | Mar 27, 2025 |
| FY2023 | Sep 30, 2023 | ($44.36M) | Mar 25, 2024 |
| FY2023 | Jun 30, 2023 | ($31.86M) | Mar 25, 2024 |
| FY2023 | Mar 31, 2023 | ($23.47M) | Mar 25, 2024 |
| FY2023 | Dec 31, 2022 | ($66.60M) | Mar 25, 2024 |
| FY2022 | Dec 31, 2021 | ($56.09M) | Mar 27, 2023 |
| FY2021 | Dec 31, 2020 | ($26.53M) | Mar 25, 2022 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $245.0K | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | $515.0K | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | $578.0K | Mar 27, 2025 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $181.63M | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | $63.00M | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | $68.90M | Mar 27, 2025 |
| FY2023 | Sep 30, 2023 | $87.82M | Mar 25, 2024 |
| FY2023 | Jun 30, 2023 | $75.41M | Mar 25, 2024 |
| FY2023 | Mar 31, 2023 | $85.55M | Mar 25, 2024 |
| FY2023 | Dec 31, 2022 | $94.78M | Mar 25, 2024 |
| FY2022 | Dec 31, 2021 | $133.13M | Mar 27, 2023 |
| FY2021 | Dec 31, 2020 | $54.69M | Mar 25, 2022 |
| FY2020 | Dec 31, 2019 | $119.6K | May 24, 2021 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $215.07M | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | $80.12M | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | $57.98M | Mar 27, 2025 |
| FY2023 | Sep 30, 2023 | $46.22M | Mar 25, 2024 |
| FY2023 | Jun 30, 2023 | $45.10M | Mar 25, 2024 |
| FY2023 | Mar 31, 2023 | $43.75M | Mar 25, 2024 |
| FY2023 | Dec 31, 2022 | $53.27M | Mar 25, 2024 |
| FY2022 | Dec 31, 2021 | $40.37M | Mar 27, 2023 |
| FY2021 | Dec 31, 2020 | $18.43M | Mar 25, 2022 |
| FY2020 | Dec 31, 2019 | $103.7K | May 24, 2021 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($33.44M) | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | ($17.12M) | Mar 31, 2026 |
| FY2025 | Dec 31, 2023 | $10.92M | Mar 31, 2026 |
| FY2023 | Sep 30, 2023 | $41.61M | Mar 25, 2024 |
| FY2023 | Jun 30, 2023 | $30.31M | Mar 25, 2024 |
| FY2023 | Mar 31, 2023 | $41.80M | Mar 25, 2024 |
| FY2024 | Dec 31, 2022 | $41.51M | Mar 27, 2025 |
| FY2023 | Dec 31, 2021 | $92.75M | Mar 25, 2024 |
| FY2022 | Dec 31, 2020 | $36.25M | Mar 27, 2023 |
| FY2020 | Dec 31, 2019 | $16.0K | May 24, 2021 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($951.28M) | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | ($631.44M) | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | ($548.90M) | Mar 27, 2025 |
| FY2023 | Sep 30, 2023 | ($515.44M) | Mar 25, 2024 |
| FY2023 | Jun 30, 2023 | ($502.98M) | Mar 25, 2024 |
| FY2023 | Mar 31, 2023 | ($488.87M) | Mar 25, 2024 |
| FY2023 | Dec 31, 2022 | ($475.12M) | Mar 25, 2024 |
| FY2022 | Dec 31, 2021 | ($304.16M) | Mar 27, 2023 |
| FY2021 | Dec 31, 2020 | ($162.86M) | Mar 25, 2022 |
| FY2020 | Dec 31, 2019 | ($9.0K) | May 24, 2021 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $117.63M | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | $3.48M | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | $6.84M | Mar 27, 2025 |
| FY2023 | Sep 30, 2023 | $22.55M | Mar 25, 2024 |
| FY2023 | Jun 30, 2023 | $20.01M | Mar 25, 2024 |
| FY2023 | Mar 31, 2023 | $28.39M | Mar 25, 2024 |
| FY2023 | Dec 31, 2022 | $46.88M | Mar 25, 2024 |
| FY2022 | Dec 31, 2021 | $84.87M | Mar 27, 2023 |
| FY2021 | Dec 31, 2020 | $10.10M | Mar 25, 2022 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | 0 | Mar 27, 2025 |
| FY2023 | Sep 30, 2023 | 0 | Mar 25, 2024 |
| FY2023 | Jun 30, 2023 | 0 | Mar 25, 2024 |
| FY2023 | Mar 31, 2023 | 0 | Mar 25, 2024 |
| FY2023 | Dec 31, 2022 | 0 | Mar 25, 2024 |
| FY2022 | Dec 31, 2021 | 0 | Mar 27, 2023 |
| FY2021 | Dec 31, 2020 | 0 | Mar 25, 2022 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | 0 | Mar 27, 2025 |
| FY2023 | Sep 30, 2023 | 0 | Mar 25, 2024 |
| FY2023 | Jun 30, 2023 | 0 | Mar 25, 2024 |
| FY2023 | Mar 31, 2023 | 0 | Mar 25, 2024 |
| FY2023 | Dec 31, 2022 | 0 | Mar 25, 2024 |
| FY2022 | Dec 31, 2021 | 0 | Mar 27, 2023 |
| FY2021 | Dec 31, 2020 | 0 | Mar 25, 2022 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 422.97M | Mar 31, 2026 |
| FY2024 | Dec 31, 2024 | 340.71M | Mar 27, 2025 |
| FY2023 | Dec 31, 2023 | 306.56M | Mar 25, 2024 |
| FY2022 | Dec 31, 2022 | 266.81M | Mar 27, 2023 |
| FY2021 | Dec 31, 2021 | 224.39M | Mar 25, 2022 |