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May 14, 2026·SEC
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TMC the metals company Inc.(TMC)Earnings, Financials & Key Ratios
TMC•NASDAQ
$4.25
Price updated Jun 27, 2026
SectorBasic MaterialsIndustryIndustrial MaterialsSub-IndustryEarly-Stage and Frontier Resource Plays
AboutTMC the metals company Inc., a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in the Clarion Clipperton Zone (CCZ) in the south-west of San Diego, California. The company primarily explores for nickel, cobalt, copper, and manganese products. TMC the metals company Inc., through its subsidiaries, holds exploration rights in three polymetallic nodule contract areas in the CCZ of the Pacific Ocean. Its products are used in electric vehicles (EV), renewable energy storage markets, EV wiring, clean energy transmission, manganese alloy production required for steel production, and other applications. The company was formerly known as Sustainable Opportunities Acquisition Corporation and changed its name to TMC the metals company Inc. TMC the metals company Inc. was incorporated in 2019 and is based in Vancouver, Canada.Show more
- Revenue$0
- EBITDA-$140M-72.8%
- Net Income-$320M-290.3%
- EPS (Diluted)-0.83-232.0%
TMC Price & Volume
TMC the metals company Inc. (TMC) stock price & volume — 10-year historical chart
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Regulatory Uncertainty Drives Persistent Capital Erosion Risks
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial Position:Vulnerable
Cash Flow:Burning
Primary Risk:Regulatory and liquidity dependency
"TMC remains a highly speculative, pre-revenue entity whose long-term viability is tethered to the binary outcome of International Seabed Authority regulatory approvals. While the company maintains a cash position of $119.7 million as of 2026Q1, the absence of commercial revenue and a mounting debt load of $145.0 million create significant solvency concerns. Investors should remain cautious as the firm continues to rely on dilutive financing and non-cash stock-based compensation, which reached $43.0 million in 2025Q3, to sustain its high-burn exploration model."
Verdict Logic
the company's lack of revenue generation and a deteriorating equity position of -$27.3 million as of 2026Q1 suggest that the current business model is unsustainable without a near-term regulatory breakthrough.
TMC Growth Metrics
TMC the metals company Inc. (TMC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-313.59%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-287.74%
Return on Capital
10 Years-118.06%
5 Years-150.04%
3 Years-242.36%
Last Year-214.31%
TMC Recent Earnings
TMC the metals company Inc. (TMC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)
Q2 2026Latest
May 14, 2026Metric
Actual
Est
EPS
$0.05+16.7%
$0.06
Rev
—
—
Q2 2026
Mar 27, 2026Metric
Actual
Est
EPS
$0.08-33.3%
$0.06
Rev
—
—
Q4 2025
Nov 13, 2025Metric
Actual
Est
EPS
$0.14-154.5%
$0.06
Rev
—
—
Q3 2025
Aug 14, 2025Metric
Actual
Est
EPS
$0.07-16.7%
$0.06
Rev
—
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 14, 2026 | $0.05vs $0.06+16.7% | — |
| Q2 2026 | Mar 27, 2026 | $0.08vs $0.06-33.3% | — |
| Q4 2025 | Nov 13, 2025 | $0.14vs $0.06-154.5% | — |
| Q3 2025 | Aug 14, 2025 | $0.07vs $0.06-16.7% | — |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for TMC the metals company Inc. (TMC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $4.25 | $1.84B | -5.12 | — | — | — | — | |
| $53.90 | $9.6B | -107.80 | 35.12% | -20.48% | -3.49% | — | |
| $4.55 | $619.49M | -12.64 | — | — | -21.45% | — | |
| $21.34 | $2.67B | -19.76 | — | — | -20.71% | — | |
| $6.97 | $1.03B | -198.01 | 162.81% | -41.44% | -16.94% | — | |
| $2.02 | $10.04M | -0.88 | — | — | -10.08% | — |
Compare TMC vs Peers
TMC the metals company Inc. (TMC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TMC SEC Filings & Documents
TMC the metals company Inc. (TMC) SEC filings — annual & quarterly reports (10-K, 10-Q)
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TMC Frequently Asked Questions
TMC the metals company Inc. (TMC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Is TMC profitable?
TMC the metals company Inc. (TMC) reported a net loss of $319.9M for fiscal year 2025.
Dividend & Returns
What is TMC the metals company Inc.'s free cash flow?
TMC the metals company Inc. (TMC) had negative free cash flow of $34.1M in fiscal year 2025, likely due to heavy capital investments.