TMC the metals Co Inc. (TMC)
It posted a net loss of $305.6M. In fiscal 2025 capital spending exceeded operating cash flow by $43.1M. At June 30, 2026 it held $98.7M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 13, 2026.
Key facts about TMC the metals Co Inc.
- Net worth
- TMC the metals Co Inc. has a market value (market cap) of $1.1B at the latest share price, and shareholders' equity of -$27.4M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations used $42.9M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 13, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- TMC the metals Co Inc.'s next report is expected around November 12, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
What TMC the metals Co Inc. does
TMC the metals Co Inc. is registered with the SEC under industry code SIC 1000 (Metal Mining). Its shares trade on NASDAQ under the ticker TMC.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | n/a | -$319.8M | $0.83 | -$43.1M |
| 2024 | n/a | -$81.9M | $0.25 | -$44M |
| 2023 | n/a | -$73.8M | $0.26 | -$60.2M |
| 2022 | n/a | -$171M | $0.71 | n/a |
| 2021 | n/a | -$141.3M | $0.69 | n/a |
| 2020 | n/a | -$56.6M | $0.32 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Latest SEC filings
What TMC the metals Co Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026
- September 29, 2026Executive or director change8-KTMC appointed former ExxonMobil executive Liam Mallon to its board of directors following the resignation of Brendan May.
- September 29, 2026
- September 11, 2026Activist stake changed SCHEDULE 13D/A
- September 9, 2026Delisting notice 25-NSE
- August 19, 2026
- August 17, 2026
- August 13, 2026
- August 13, 2026Passive stake changed SCHEDULE 13G/A
- August 13, 2026
Insider trades
What the people running TMC the metals Co Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 3 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 28, 2026 | Mallon Liam MDirector | Received as pay | 77,720 | - |
| September 25, 2026 | Mallon Liam MDirector | Received as pay | 25,445 | - |
| September 11, 2026 | Hall AndrewDirector | Received as pay | 72,935 | - |
| July 1, 2026 | Allseas Group S.A.10% owner | Bought | 7,305,567 | - |
| June 2, 2026 | May BrendanDirector | Sold | 20,768 | $133.3K |
| May 29, 2026 | Greig Andrew CarlyleDirector | Received as pay | 20,292 | - |
| May 29, 2026 | Greig Andrew CarlyleDirector | Received as pay | 16,528 | - |
| May 29, 2026 | Hall AndrewDirector | Received as pay | 18,263 | - |
Who owns TMC
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Argentum Cedit Virtuti NV13D, may seek influence with 4 related filers | 15.6% | July 7, 2026 |
| Korea Zinc Company, Ltd.13G, passive | 7.2% | July 2, 2025 |
| Gerard Barron13D, may seek influence | 6.9% | September 11, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 212 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| First Manhattan Co. LLC. | 15,315,924 | 0 |
| Citadel Advisors LLC | 3,275,718 | -350,183 |
| Millennium Management LLC | 2,935,946 | -130,232 |
| Anson Funds Management LP | 2,644,476 | new |
| Baird Financial Group, Inc. | 2,429,803 | -40,284 |
| Jane Street Group, LLC | 2,427,576 | -4,540,263 |
| Susquehanna International Group, Llp | 2,368,461 | +385,315 |
| Yorkville Advisors Global, LP | 1,303,900 | new |
| Tudor Investment Corp ET AL | 1,691,752 | +61,989 |
| Marshall Wace, Llp | 1,572,699 | -847,247 |
| BlackRock, Inc. | 1,479,956 | +239,120 |
| Old West Investment Management, LLC | 1,204,038 | 0 |
| State Street Corp | 1,143,002 | +156,852 |
| Group One Trading LLC | 1,055,308 | +114,824 |
| Renaissance Technologies LLC | 894,400 | +164,400 |
| UBS Group AG | 864,728 | -483,213 |
| Point72 Asset Management, L.P. | 822,415 | +660,448 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 642,898 | +45,261 |
| Vanguard Portfolio Management LLC | 635,840 | +46,187 |
| Mirador Capital Partners LP | 613,528 | +47,199 |
Insiders
12 insiders reported holding 120,436,186 shares in total, about $291.5M at the last price.
| Holder | Shares |
|---|---|
| Allseas Group S.A.10% owner | 62,419,168 |
| Barron GerardChairman & CEO, Director | 41,803,445 |
| ILVES ErikaChief Strategy Officer | 5,214,199 |
| Greig Andrew CarlyleDirector | 5,106,850 |
| O'Sullivan AnthonyChief Development Officer | 2,025,667 |
| Shesky CraigChief Financial Officer | 1,879,356 |
| Hall AndrewDirector | 466,993 |
| Karkar AndreiDirector, 10% owner | 459,996 |
| Madsbjerg ChristianDirector | 410,403 |
| Khama SheilaDirector | 353,598 |
Questions about TMC
What does TMC the metals Co Inc. do?
TMC the metals Co Inc. is a company in the Basic materials sector, listed on NASDAQ as TMC. Its shares trade on NASDAQ under the ticker TMC.
What is TMC the metals Co Inc.'s net worth?
TMC the metals Co Inc. has a market value (market cap) of $1.1B at the latest share price, and shareholders' equity of -$27.4M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is TMC the metals Co Inc. profitable?
No. Over the twelve months to June 30, 2026 it reported a net loss of $305.6M.
When did TMC the metals Co Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 13, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the investor disclosure from November 9, 2026.
When is TMC the metals Co Inc.'s next earnings report?
TMC the metals Co Inc.'s next report is expected around November 12, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values TMC the metals Co Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.