TMC the metals Co Inc.
About TMC the metals Co Inc.
TMC The Metals Co Inc is a deep seabed minerals developer focused on the collection, processing and refining of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone (CCZ), approximately 1,500 miles (or 2,400 kilometers) south-west of San Diego, California. The company operates as a single operating and reportable segment, namely exploration of seafloor polymetallic nodules, which includes the development of a metallurgical process to treat such seafloor polymetallic nodules.
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Financial summary
- Revenue FY2024
- $814.0K
- Net income
- -$319.8M
- Total assets
- $181.6M
- Market cap
- $2.2B
- Operating margin
- -5014.5%
- Net margin
- -11451.6%
Source: SEC EDGAR · updated Jun 8, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $2.8M
- Operating expenses
- $142.8M
- Operating income
- -$140.1M
- Income tax
- $144.0K
- Net income
- -$319.8M
- EPS (basic)
- $0.83
- EPS (diluted)
- $0.83
Balance sheet
- Total assets
- $181.6M
- Current assets
- $120.7M
- Total liabilities
- $215.1M
- Current liabilities
- $59.4M
- Shareholders’ equity
- -$33.4M
Cash flow
- Operating cash flow
- -$42.9M
- Investing cash flow
- $447.0K
- Financing cash flow
- $156.6M
- Net cash flow
- $114.2M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year
52-week range
- Market cap
- $2.2B
- P/E ratio
- 6.2
- EPS (diluted)
- $0.83
- Shares outstanding
- 434.1M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Sep 10, 2021
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Reported a net loss of $319.8M in FY2024.
- Revenue grew 378% from FY2021 to FY2025.
- Trading 52% below its 52-week high.
- Valued at a price-to-earnings (P/E) ratio of 6.2.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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