TMC the metals company Inc. (TMC) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -615K | -11.36M | -11.49M | -10.66M | -9.35M | -13.79M | -5.71M | -12.11M | -11.85M | -15.21M | -12.51M | -8.38M | -23.48M | -19.88M | -8.64M | -22.59M | -15.53M | -27.75M | -27.33M | -7.88M |
| Operating CF Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating CF Growth % | 93.42% | 17.66% | -101.14% | 11.99% | 21.14% | 9.35% | 54.33% | -44.47% | 49.53% | 23.46% | -44.78% | 62.89% | -51.23% | 28.38% | 68.4% | -186.54% | -54.36% | -435.57% | -30.92% | -1567.42% |
| Net Income | -20.6M | -17.18M | -184.52M | -74.34M | -20.59M | -16.06M | -20.52M | -20.17M | -25.19M | -47.21M | -12.47M | -14.11M | -13.75M | -109.57M | -27.89M | -12.38M | -21.12M | -19.8M | -36.65M | -29.14M |
| Depreciation & Amortization | 39K | -37K | 57K | 58K | 58K | 82K | 83K | 112K | 85K | 98K | 87K | 87K | 88K | 119K | 110K | 94K | 95K | 128K | 128K | 98K |
| Stock-Based Compensation | 0 | 15.11M | 42.97M | 8.92M | 10.38M | 6.18M | 6.31M | 5.92M | 6.9M | 5.52M | 2.53M | 0 | 4.65M | 2.1M | 3.55M | 6.31M | 6.44M | 0 | 0 | 15.39M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 11.46M | -7.18M | 128.63M | 51.02M | 3.75M | -4.7M | -403K | -50K | 793K | 14.07M | 313K | 3.44M | 743K | 68.54M | -323K | -5.69M | -1.56M | -3.27M | -8.71M | 434K |
| Working Capital Changes | 8.48M | -2.07M | 1.38M | 3.68M | -2.95M | 707K | 8.82M | 2.07M | 5.57M | 12.31M | -2.97M | 2.19M | -15.22M | 18.94M | 15.92M | -10.92M | 619K | -4.82M | 17.9M | 5.33M |
| Change in Receivables | -48K | -1.48M | -48K | 3.49M | -3.16M | 707K | -1.36M | 757K | 25K | 3.11M | -3.49M | 1.59M | -459K | 2.28M | -337K | -1.71M | 619K | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | -591K | 1.42M | 188K | 0 | 0 | 0 | 1.31M | 0 | 9.2M | 0 | 600K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -35K | 241K | -20K | 296K | -70K | -50K | -50K | -75K | -340K | -5.4M | -100K | -75K | 0 | -210K | -507K | -242K | -210K | 0 | -3.84M | -1.65M |
| Capital Expenditures | -35K | 0 | -20K | -50K | -70K | -50K | -50K | -75K | -340K | -403K | -100K | -75K | 0 | -210K | -507K | -242K | -210K | 3.44M | -3.84M | -402K |
| CapEx % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 241K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5M | 0 | 0 | 0 | 0 | -3.44M | 0 | -1.25M |
| Cash from Financing | 2.72M | 13.11M | 11.41M | 123.78M | 8.29M | 17.37M | 5.6M | 8.66M | 9.05M | 4.85M | 15.14M | 79K | 5M | -52K | 29.78M | 68K | -78K | 0 | 134.7M | 1.19M |
| Debt Issued (Net) | 0 | -4.28M | -2.48M | -7.5M | -1.8M | 0 | 3.3M | 5.88M | 0 | 5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26M | -26M |
| Equity Issued (Net) | 2.72M | 13.11M | 13.88M | 131.28M | 10.56M | 0 | 2.32M | 2.79M | 9M | -150K | 15.72M | 79K | 0 | -1K | 30.4M | 0 | -78K | 0 | 4.24M | 27.19M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -78K | 0 | 0 | 0 |
| Other Financing | 0 | 4.28M | 0 | 0 | -472K | 17.37M | -19K | 0 | 48K | 0 | -586K | 0 | 5M | -51K | -616K | 68K | 0 | 0 | 104.47M | 0 |
| Net Change in Cash | 2.05M | 1.99M | -111K | 113.41M | -1.13M | 3.12M | -114K | -3.52M | -2.85M | -15.71M | 2.54M | -8.38M | -18.46M | -20.03M | 20.61M | -22.79M | -15.82M | -27.77M | 112.35M | -876.39K |
| Free Cash Flow | -650K | -11.21M | -11.51M | -10.71M | -9.42M | -13.84M | -5.76M | -12.19M | -12.19M | -15.62M | -12.61M | -8.46M | -23.48M | -20.09M | -9.14M | -22.84M | -15.74M | -27.75M | -27.74M | -7.88M |
| FCF Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| FCF Growth % | 93.1% | 18.97% | -99.74% | 12.12% | 22.76% | 11.37% | 54.3% | -44.08% | 48.08% | 22.25% | -37.85% | 62.95% | -49.21% | 27.62% | 67.03% | -189.61% | -56.45% | -435.57% | -32.85% | -1567.41% |
| FCF per Share | -0.00 | -0.03 | -0.04 | -0.03 | -0.03 | -0.04 | -0.02 | -0.04 | -0.04 | -0.05 | -0.04 | -0.03 | -0.08 | -0.08 | -0.04 | -0.10 | -0.07 | -0.12 | -0.14 | -0.04 |
| FCF Conversion (FCF/Net Income) | 0.03x | 0.28x | 0.06x | 0.14x | 0.45x | 0.86x | 0.28x | 0.60x | 0.47x | 0.32x | 1.00x | 0.59x | 1.71x | 0.18x | 0.31x | 1.82x | 0.74x | 1.40x | 0.75x | 0.27x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |