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T

TMC the metals company TMC · USD

Materials · US listing · 🇺🇸 United States

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2.62

+15.42%

Close of 9 Nov 2026, in USD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

—

FY2019FY2025

Net income

−$319.8m

FY2019FY2025

Free cash flow

−$43.1m

FY2019FY2025

Shareholders' equity

−$33.4m

FY2019FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue——$72.0m$141.8m$94.4m——
Research and development———$13.6m$10.2m——
Operating income−$316.5m−$79.3m−$72.4m−$174.1m$149.6m$56.6m−$42.1m
Net income−$319.8m−$81.9m−$73.8m−$171.0m−$141.3m−$56.6m−$43.1m
Diluted earnings per share-0.83-0.25-0.24-0.64-0.63-0.29-4.79

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Total assets$181.6m$63.0m$68.9m$94.8m$133.1m$54.7m$18.3m
Cash and short-term investments$117.6m$3.5m$6.8m$46.8m$84.9m$10.1m$16.0m
Total liabilities$215.1m$80.1m$58.0m$53.3m$40.4m$18.4m$10.1m
Debt—$11.8m—————
Shareholders' equity−$33.4m−$17.1m$10.9m$41.5m$92.8m$36.3m$8.2m
Shares outstanding385m322m307m267m226m192m9m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash from operations−$42.9m−$43.5m−$59.6m−$66.6m−$56.1m−$26.5m−$15.1m
Capital spending−$245,000−$515,000−$578,000−$1.2m−$402,000−$607,000−$2.1m
Free cash flow−$43.1m−$44.0m−$60.2m−$67.8m−$56.5m−$27.1m−$17.2m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue$18.5m—————−$20.2m—
Operating income$71.7m−$34.0m−$44.7m−$55.4m−$73.5m−$19.6m−$16.3m−$19.9m
Net income$59.9m−$20.6m−$40.4m−$184.5m−$74.3m−$20.6m−$16.1m−$20.5m
Diluted earnings per share0.00-0.00-0.11-0.48-0.19-0.05-0.05-0.06
Cash from operations−$20.0m—−$11.0m−$11.0m−$10.0m−$9.0m−$13.0m−$5.0m
Total assets$180.9m$184.9m$181.6m$175.6m$173.7m$64.5m$63.0m$61.3m
Cash and short-term investments$98.7m$119.7m$117.6m$115.6m$115.8m$2.3m$3.5m$360,000
Debt————$2.5m$10.0m$11.8m$9.2m
Shareholders' equity−$27.4m−$27.3m−$33.4m−$40.6m$81.9m−$16.8m−$17.1m−$21.5m

Financial ratios

Data as of 27 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin——-102.4%-120.5%-152.7%—
Net margin——-102.4%-120.5%-149.7%—
Return on equity956.4%478.7%-675.8%-411.9%-152.3%-156.2%
Return on assets-176.1%-130.1%-107.1%-180.4%-106.1%-103.6%
Free cash flow yield-4.6%-5.6%-8.1%-10.3%-10.3%-5.6%
Revenue growth——-49.2%50.2%——
Earnings growth290.3%11.1%-56.8%21.0%149.5%31.5%
Current ratio1.98x0.10x0.28x1.19x3.33x1.32x
Debt to equity—-0.69x—1.27x0.32x—
Equity ratio-18.4%-27.2%15.8%43.8%69.7%66.3%
Interest coverage-98.44x-30.47x-94.42x-153813.68x-143.76x-1068.00x
R&D as a share of sales———9.6%10.8%—
Buybacks as a share of market value-19.5%-5.0%-14.9%-18.0%-17.5%-2037.5%

Growth per year

Compound annual rate

3 years5 years10 years
Operating income22.0%——
Net income23.2%41.4%—

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021
Price to earnings-7.4-4.4-4.6-1.2-3.3
Price to sales——4.71.45.0

Market value over time

30 Jun 2020 to 26 Oct 2026, in USD

$97.0m$1.04bn

Share price return

Finished calendar years

20252024202320222021
Return803%-33%93%-67%-81%

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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