TMC the metals Co Inc.
TMC Nasdaq· Metal Mining
Last close · Oct 26, 2026
$2.39
KIRA · Stoqly’s AI analyst, in plain words
- TMC the metals Co Inc. had $2.8M of revenue in fiscal 2025, up 1,486.9% on the year before. Over five years, revenue changed +121.0% a year on average.
- Its operating margin was −5,014.5%, up 41,171.3 pts: of every 100 in sales, about −5,014 is left after running the business.
- TMC the metals Co Inc. lost $320M in fiscal 2025.
- Free cash flow was −$43.1M in fiscal 2025, −1,543.0% of revenue.
Market cap
$1.0B
P/E
3.1x
Revenue
$2.8M
Net income
−$320M
Free cash flow
−$43.1M
Operating margin
−5,014.5%
TMC the metals Co Inc. in 30 seconds · fiscal 2025
Are sales growing?
+1,486.9%
Yes. Sales grew 1,486.9% last year.
Does it make a profit?
−11,451.6%
No. It lost money last year.
Does profit turn into cash?
−1,543.0%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 7
Weak. It passes 3 of 7 health tests.
How is the share priced?
3.1x
One share costs 3.1 times its yearly profit per share.
What TMC the metals Co Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 31, 2026
- Legal name
- TMC the metals Co Inc.
- CIK
- 0001798562
TMC the metals Co Inc. · TMC
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | −$1.0M | $1.1M | $1.3M | $0.2M | $2.8M |
| Revenue growth | −1,992.5% | — | 16.7% | −86.4% | 1,486.9% |
| Net interest income | −$1.0M | $1.1M | $1.3M | $0.2M | $2.8M |
| Operating margin | 14,914.2% | −15,672.1% | −5,581.3% | −46,185.8% | −5,014.5% |
| Net income | −$141M | −$171M | −$73.8M | −$81.9M | −$320M |
| Net margin | 14,087.6% | −15,388.3% | −5,688.6% | −46,558.5% | −11,451.6% |
| Diluted EPS | $0.69 | $0.71 | $0.26 | $0.25 | $0.83 |
| Cash | |||||
| Cash from operations | −$56.1M | −$66.6M | −$59.6M | −$43.5M | −$42.9M |
| Capital expenditure | — | — | $0.6M | $0.5M | $0.2M |
| Free cash flow | — | — | −$60.2M | −$44.0M | −$43.1M |
| FCF margin | — | — | −4,637.7% | −24,990.3% | −1,543.0% |
| Share count change | 14.8% | 17.1% | 20.3% | 11.5% | 19.5% |
| Debt and strength | |||||
| Cash and short-term investments | $84.9M | $46.9M | $6.8M | $3.5M | $118M |
| Debt incl. finance leases | — | — | — | $11.8M | — |
| Shareholders' equity | $92.8M | $41.5M | $10.9M | −$17.1M | −$33.4M |
| Current ratio | 3.3x | 1.2x | 0.3x | 0.1x | 2.0x |
| Interest coverage | — | — | — | −195.4x | — |
| Returns and quality | |||||
| Return on equity | −219.1% | −254.7% | −281.5% | — | — |
| Return on tangible equity | −152.3% | −411.9% | −795.5% | — | — |
| Piotroski F-score | 2 | 2 | 3 | 1 | 3 |
| Altman Z'' | −9.5 | −27.3 | −35.0 | −46.7 | −20.2 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$2.4M
3 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
TMC the metals Co Inc. · TMC
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $2.39 a share, the company is worth $1.0B: 3.1 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001798562). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.