Complete Filing Data
TMC the metals Co Inc. reported Stockholders Equity of -$33.44 million for FY2025.
All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean TMC the metals Co Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.
Income Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Net Income * | -$319.8M | -$81.9M | -$73.8M | -$171.0M | -$141.3M | -$56.6M | -$9.0K |
| General And Administrative Expense | $99.8M | $30.6M | $22.5M | $29.5M | $56.6M | $7.7M | $9.0K |
| Operating Income Loss | -$140.1M | -$81.3M | -$72.4M | -$174.1M | -$149.6M | -$56.6M | -$9.0K |
| Interest Income Expense Net | $2.8M | $176.0K | $1.3M | $1.1M | -$1.0M | $53.0K | |
| Deferred Income Tax Liabilities Net | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M | |
| General And Administrative Expenses Paid By Related Party | $70.1K | $9.0K | |||||
| Other Selling General And Administrative Expense | $80.0K |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 | Q3 2020 | Q2 2020 | Q1 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income * | -$184.5M | -$74.3M | -$20.6M | -$20.5M | -$20.2M | -$25.2M | -$12.5M | -$14.1M | -$13.7M | -$27.9M | -$12.4M | -$21.1M | -$36.7M | -$17.2M | -$55.7M | -$6.8M | $6.7K | -$59.0K |
| General And Administrative Expense | $45.7M | $11.5M | $8.5M | $8.1M | $7.9M | $6.6M | $4.6M | $5.1M | $6.2M | $5.9M | $8.1M | $8.5M | $13.3M | $10.4M | $17.4M | $2.2M | $307.4K | $59.0K |
| Operating Income Loss | -$55.4M | -$22.0M | -$18.0M | -$20.0M | -$20.3M | -$24.7M | -$12.5M | -$13.2M | -$13.4M | -$28.6M | -$18.3M | -$15.9M | -$37.2M | -$28.7M | -$55.5M | -$6.7M | -$327.4K | |
| Interest Income Expense Net | $1.3M | $147.0K | $19.0K | $7.0K | $16.0K | $102.0K | $319.0K | $319.0K | $454.0K | $352.0K | $192.0K | $0.00 | -$342.0K | -$220.0K | $3.0K | |||
| Deferred Income Tax Liabilities Net | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M | |||||||||
| General And Administrative Expenses Paid By Related Party | $53.5K | |||||||||||||||||
| Other Selling General And Administrative Expense | $30.0K | $30.0K | $20.0K | $53.5K |
Balance Sheet
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Stockholders Equity * | -$33.4M | -$17.1M | $10.9M | $41.5M | $92.8M | $36.3M | $8.2M |
| Retained Earnings Accumulated Deficit | -$951.3M | -$631.4M | -$548.9M | -$475.1M | -$304.2M | -$162.9M | -$9.0K |
| Liabilities Current | $59.4M | $54.5M | $31.3M | $41.6M | $26.6M | $7.8M | $103.7K |
| Liabilities And Stockholders Equity | $181.6M | $63.0M | $68.9M | $94.8M | $133.1M | $54.7M | $119.6K |
| Liabilities | $215.1M | $80.1M | $58.0M | $53.3M | $40.4M | $18.4M | $103.7K |
| Assets Current | $120.7M | $5.3M | $8.8M | $49.6M | $88.6M | $10.2M | $16.0K |
| Assets | $181.6M | $63.0M | $68.9M | $94.8M | $133.1M | $54.7M | $119.6K |
| Cash And Cash Equivalents At Carrying Value | $117.6M | $3.5M | $6.8M | $46.9M | $84.9M | $10.1M | |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect | $114.2M | -$3.3M | -$40.1M | -$38.1M | $74.8M | -$5.8M | |
| Common Stock Value | $681.3M | $477.2M | $438.2M | $332.9M | $296.1M | $154.4M | |
| Warrant Liability | $2.0M | $983.0K | $3.1M | ||||
| Accounts Payable And Accrued Liabilities Current | $46.0M | $42.8M | $31.3M | $41.6M | $26.6M | $4.3M | |
| Receivables And Prepayments Current | $3.0M | $1.9M | $2.0M | $2.7M | $3.7M | $129.0K | |
| Property Plant And Equipment Net | $519.0K | $771.0K | $1.1M | $2.0M | $1.4M | $1.3M | |
| Assets Noncurrent | $60.9M | $57.7M | $60.1M | $45.2M | $44.6M | $44.5M | |
| Accumulated Other Comprehensive Income Loss Net Of Tax | -$1.2M | -$1.2M | -$1.2M | -$1.2M | -$1.2M | -$1.2M | |
| Common Stock No Par Value | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||
| Accrued Liabilities Current | $80.6K | ||||||
| Accounts Payable Current | $23.1K | ||||||
| Offering Costs Included In Accounts Payable | $85.0K | $23.1K | |||||
| Long Term Investments | $13.4M | $8.2M | $8.5M | ||||
| Common Stock Value One | $863.00 | ||||||
| Temporary Equity Redemption Share | $28.4M | $0.00 | |||||
| Temporary Equity Carrying Amount Attributable To Parent | |||||||
| Deferred Underwriting Commissions Noncurrent | |||||||
| Use Of Retainer For Deferred Offering Costs | $3.3K |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stockholders Equity * | -$40.6M | $81.9M | -$16.8M | -$21.5M | -$9.6M | $1.8M | $41.6M | $30.3M | $41.8M | $79.1M | $73.7M | $79.7M | $92.8M | $106.7M | $13.1M | $25.6M | $36.3M | $5.0M | $5.0M | -$43.0K | $16.0K | ||
| Retained Earnings Accumulated Deficit | -$910.9M | -$726.4M | -$652.0M | -$614.8M | -$594.3M | -$574.1M | -$365.6M | -$325.3M | -$284.4M | -$247.7M | -$218.6M | -$1.6M | -$353.7K | -$68.0K | |||||||||
| Liabilities Current | $46.8M | $49.6M | $55.2M | $57.2M | $43.7M | $36.5M | $25.2M | $18.0M | $28.3M | $7.3M | $4.8M | $943.1K | $253.3K | $665.1K | |||||||||
| Liabilities And Stockholders Equity | $175.6M | $173.7M | $64.5M | $61.3M | $60.6M | $65.5M | $117.2M | $116.7M | $157.3M | $300.5M | $301.4M | $302.0M | $302.5M | $622.1K | |||||||||
| Liabilities | $216.2M | $91.8M | $81.3M | $82.8M | $70.3M | $63.6M | $38.1M | $37.0M | $50.6M | $48.5M | $44.1M | $11.4M | $10.8M | ||||||||||
| Assets Current | $117.2M | $117.3M | $7.4M | $2.9M | $1.7M | $5.9M | $71.9M | $72.1M | $112.8M | $427.1K | $1.4M | $1.9M | $2.5M | $16.9K | |||||||||
| Assets | $175.6M | $173.7M | $64.5M | $61.3M | $60.6M | $65.5M | $117.2M | $116.7M | $157.3M | $300.5M | $301.4M | $302.0M | $302.5M | $622.1K | |||||||||
| Cash And Cash Equivalents At Carrying Value | $115.6M | $115.8M | $2.3M | $360.0K | $474.0K | $4.0M | $66.9M | $69.0M | $112.6M | $293.3K | $1.2M | $14.3M | $2.2M | $16.0M | |||||||||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect | -$1.1M | -$3.1M | -$18.5M | -$15.8M | $15.1M | ||||||||||||||||||
| Common Stock Value | $638.9M | $606.2M | $495.8M | $463.4M | $460.6M | $454.4M | $328.9M | $298.3M | $284.2M | $144.00 | |||||||||||||
| Warrant Liability | $13.7M | $17.6M | $1.4M | $912.0K | $866.0K | $1.9M | $2.5M | $2.2M | $8.3M | $11.6M | $35.8M | $22.1M | $56.9M | ||||||||||
| Accounts Payable And Accrued Liabilities Current | $46.8M | $47.1M | $45.2M | $48.1M | $37.8M | $36.5M | $25.2M | $18.0M | $28.3M | $11.7M | $6.4M | ||||||||||||
| Receivables And Prepayments Current | $1.6M | $1.5M | $5.0M | $2.6M | $1.2M | $2.0M | $5.0M | $3.0M | $139.0K | ||||||||||||||
| Property Plant And Equipment Net | $597.0K | $655.0K | $713.0K | $854.0K | $936.0K | $1.0M | $2.1M | $1.5M | $1.4M | ||||||||||||||
| Assets Noncurrent | $58.4M | $56.4M | $57.1M | $58.4M | $58.9M | $59.5M | $45.2M | $44.6M | $44.5M | ||||||||||||||
| Accumulated Other Comprehensive Income Loss Net Of Tax | -$1.2M | -$1.2M | -$1.2M | -$1.2M | -$1.2M | -$1.2M | -$1.2M | -$1.2M | -$1.2M | ||||||||||||||
| Common Stock No Par Value | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||
| Accrued Liabilities Current | $6.8M | $4.3M | $1.8M | $745.2K | $102.0K | $407.6K | |||||||||||||||||
| Accounts Payable Current | $476.6K | $454.0K | $34.3K | $197.9K | $151.3K | $111.2K | |||||||||||||||||
| Offering Costs Included In Accounts Payable | $78.4K | ||||||||||||||||||||||
| Long Term Investments | $10.4M | $7.9M | $8.2M | $8.2M | $8.3M | $8.4M | $8.4M | ||||||||||||||||
| Common Stock Value One | $750.00 | $750.00 | $750.00 | $750.00 | |||||||||||||||||||
| Temporary Equity Redemption Share | $28.6M | $28.7M | |||||||||||||||||||||
| Temporary Equity Carrying Amount Attributable To Parent | $300.1M | $300.1M | $227.3M | $285.6M | $286.8M | ||||||||||||||||||
| Deferred Underwriting Commissions Noncurrent | $10.5M | $10.5M | $10.5M | $10.5M | $10.5M | ||||||||||||||||||
| Use Of Retainer For Deferred Offering Costs | -$3.3K |
Cash Flow Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided By Used In Operating Activities | -$42.9M | -$43.5M | -$59.6M | -$66.6M | -$56.1M | -$26.5M |
| Net Cash Provided By Used In Financing Activities | $156.6M | $40.7M | $20.1M | $29.7M | $134.7M | $21.3M |
| Net Cash Provided By Used In Investing Activities | $447.0K | -$515.0K | -$578.0K | -$1.2M | -$3.8M | -$607.0K |
| Share Based Compensation | $96.7M | $25.3M | $12.4M | $20.1M | $74.6M | $27.1M |
| Increase Decrease In Accounts Payable And Accrued Liabilities | $1.2M | $12.3M | -$1.6M | $15.2M | $22.0M | $2.5M |
| Increase Decrease In Receivables And Prepaid Expense | $1.2M | -$127.0K | -$748.0K | -$960.0K | $3.5M | $110.0K |
| Proceeds From Stock Options Exercised | $3.0M | $463.0K | $77.0K | $76.0K | $4.2M | $919.0K |
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | -$28.0K | -$65.0K | $51.0K | $53.0K | $10.0K | |
| Increase Decrease In Accounts Payable | -$51.8K | |||||
| Increase Decrease In Prepaid Expense | $197.1K | |||||
| Proceeds From Issuance Of Common Stock | $14.8M | $4.9M | $30.0K | $30.4M | $20.4M | |
| Proceeds From Stock Plans | $67.0K | $39.0K | $102.0K | $114.0K | ||
| Proceeds From Issuance Initial Public Offering | $300.0M | |||||
| Payments To Acquire Machinery And Equipment | $578.0K | $1.2M | $402.0K | |||
| Increase Decrease In Accrued Liabilities | $1.8M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q1 2025 | Q1 2024 | Q1 2023 | Q1 2022 | Q1 2021 | Q1 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided By Used In Operating Activities | -$9.3M | -$11.9M | -$23.5M | -$15.5M | -$10.1M | |
| Net Cash Provided By Used In Financing Activities | $8.3M | $9.0M | $5.0M | -$78.0K | $27.4M | |
| Net Cash Provided By Used In Investing Activities | -$70.0K | -$340.0K | $5.0M | -$210.0K | -$2.2M | |
| Share Based Compensation | $10.4M | $6.9M | $4.7M | $6.4M | $43.2M | |
| Increase Decrease In Accounts Payable And Accrued Liabilities | $213.0K | $5.5M | -$14.8M | -$6.7M | $2.1M | |
| Increase Decrease In Receivables And Prepaid Expense | $3.2M | -$25.0K | $459.0K | -$619.0K | -$8.0K | |
| Proceeds From Stock Options Exercised | $190.0K | $0.00 | $1.4M | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | -$10.0K | $293.0K | $20.0K | -$8.0K | $1.0K | |
| Increase Decrease In Accounts Payable | $419.7K | $9.7K | ||||
| Increase Decrease In Prepaid Expense | -$9.8K | $4.2K | ||||
| Proceeds From Issuance Of Common Stock | $5.6M | |||||
| Proceeds From Stock Plans | ||||||
| Proceeds From Issuance Initial Public Offering | ||||||
| Payments To Acquire Machinery And Equipment | $210.0K | |||||
| Increase Decrease In Accrued Liabilities | $2.5M |
Per-Share & Share Counts
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Diluted EPS * | $0.83 | $0.25 | $0.26 | $0.71 | $0.69 | $0.32 | |
| Weighted Average Number Of Diluted Shares Outstanding | 384.5M | 321.9M | 288.6M | 239.9M | 204.9M | 178.6M | |
| Earnings Per Share Basic | $0.83 | $0.25 | $0.26 | $0.71 | $0.69 | $0.32 | |
| Weighted Average Number Of Share Outstanding Basic And Diluted | 8.4M | 8.6M | |||||
| Common Stock Shares Issued | 423.0M | 340.7M | 306.6M | 266.8M | 225.4M | 189.5M | |
| Preferred Stock Shares Authorized | 1.0M | ||||||
| Preferred Stock Par Or Stated Value Per Share | $0.00 | ||||||
| Temporary Equity Redemption Price Per Share | $10.00 | $10.00 | |||||
| Temporary Equity Par Or Stated Value Per Share | $0.00 | $0.00 | |||||
| Basic And Diluted Net Loss Per Share Nonredeemable Common Stockin Dollars Per Share | $-0.35 | $0.00 |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Diluted EPS * | $0.46 | $0.20 | $0.06 | $0.06 | $0.06 | $0.08 | $0.04 | $0.05 | $0.05 | $0.12 | $0.05 | $0.09 | $0.18 | -$0.15 | $0.29 | -$0.04 | -$0.04 | -$0.01 | |
| Weighted Average Number Of Diluted Shares Outstanding | 405.5M | 366.6M | 345.3M | 323.7M | 320.9M | 311.5M | 294.6M | 281.3M | 272.0M | 239.7M | 227.1M | 226.1M | 205.2M | 192.4M | |||||
| Earnings Per Share Basic | $0.46 | $0.20 | $0.06 | $0.06 | $0.06 | $0.08 | $0.04 | $0.05 | $0.05 | $0.12 | $0.05 | $0.09 | $0.18 | $0.29 | |||||
| Weighted Average Number Of Share Outstanding Basic And Diluted | 205.2M | 7.5M | 12.6M | 186.4M | 9.6M | 7.5M | |||||||||||||
| Common Stock Shares Issued | 408.9M | 397.2M | 356.6M | 324.1M | 322.2M | 318.3M | 305.1M | 281.1M | 280.6M | 265.5M | 226.8M | 224.4M | |||||||
| Preferred Stock Shares Authorized | 1.0M | 1.0M | 1.0M | 1.0M | 1.0M | 1.0M | |||||||||||||
| Preferred Stock Par Or Stated Value Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||
| Temporary Equity Redemption Price Per Share | $10.00 | $10.00 | |||||||||||||||||
| Temporary Equity Par Or Stated Value Per Share | $0.00 | $0.00 | |||||||||||||||||
| Basic And Diluted Net Loss Per Share Nonredeemable Common Stockin Dollars Per Share | $2.53 | $-0.01 |
Other Metrics
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Fair Value Adjustment Of Warrants | $12.4M | -$1.1M | $986.0K | -$2.1M | -$9.4M | ||
| Exploration Expense | $40.3M | $50.6M | $49.8M | $144.6M | $93.0M | $48.9M | |
| Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value | $96.7M | $25.3M | $12.4M | $20.1M | $60.6M | ||
| Exploration Licenses Noncurrent | $43.0M | $43.0M | $43.2M | $43.2M | $43.2M | $43.2M | $449.0K |
| Stock Issued During Period Value Stock Options Exercised | $3.0M | $463.0K | $77.0K | $76.0K | $4.2M | $919.0K | |
| Foreign Currency Transaction Gain Loss Unrealized | -$3.5M | $1.2M | $51.0K | $53.0K | $15.0K | -$8.0K | |
| Adjustment For Amortization | $252.0K | $362.0K | $360.0K | $418.0K | $453.0K | $563.0K | |
| Prepaid Expense Current | $16.0K | ||||||
| Fees And Interest On Credit Facility | $3.2M | $2.6M | $781.0K | ||||
| Stock Issued During Period Value New Issues | $15.9M | $29.6M | $25.0K | ||||
| Interest Earned On Marketables Securities Held In Trust Account | $69.1K |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fair Value Adjustment Of Warrants | -$3.9M | $16.2M | $441.0K | -$1.1M | -$580.0K | $531.0K | -$117.0K | $787.0K | $544.0K | -$350.0K | -$5.7M | $5.2M | -$878.0K | $13.7M | -$34.9M | -$1.2M | |||
| Exploration Expense | $9.6M | $10.5M | $9.5M | $11.8M | $12.4M | $18.1M | $7.9M | $8.1M | $7.2M | $22.7M | $10.2M | $7.4M | $23.8M | $18.2M | $38.1M | $4.6M | |||
| Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value | $43.0M | $8.9M | $10.4M | $6.3M | $5.9M | $6.9M | $2.5M | $2.5M | $4.7M | $3.6M | $6.3M | $8.1M | $9.5M | $30.4M | |||||
| Exploration Licenses Noncurrent | $43.0M | $43.0M | $43.0M | $43.2M | $43.2M | $43.2M | $43.2M | $43.2M | $43.2M | ||||||||||
| Stock Issued During Period Value Stock Options Exercised | $2.1M | $462.0K | $54.0K | $219.0K | $190.0K | $77.0K | $64.0K | $12.0K | $1.7M | $1.4M | |||||||||
| Foreign Currency Transaction Gain Loss Unrealized | -$2.3M | $293.0K | $20.0K | $8.0K | $1.0K | ||||||||||||||
| Adjustment For Amortization | $58.0K | $85.0K | $88.0K | $95.0K | $128.0K | $98.0K | $141.0K | ||||||||||||
| Prepaid Expense Current | $133.8K | $200.0K | $209.8K | $285.7K | $336.5K | $16.9K | |||||||||||||
| Fees And Interest On Credit Facility | $681.0K | $833.0K | $1.0M | $615.0K | $492.0K | $271.0K | $252.0K | $250.0K | $27.0K | $0.00 | |||||||||
| Stock Issued During Period Value New Issues | $9.2M | $2.3M | $2.6M | $6.5M | $9.4M | $29.7M | |||||||||||||
| Interest Earned On Marketables Securities Held In Trust Account | $4.5K |
Most recent annual filing with the SEC: March 31, 2026
Data sourced from SEC EDGAR public filings as of August 6, 2026.