Tmc The Metals Company Inc Financials
This page shows Tmc The Metals Company Inc (TMCWW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
We are recalculating Tmc The Metals Company Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Tmc The Metals Company Inc passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
For every $1 of reported earnings, Tmc The Metals Company Inc generates $0.13 in operating cash flow (-$42.9M OCF vs -$319.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Tmc The Metals Company Inc earns $-50.1 in operating income for every $1 of interest expense (-$140.1M vs $2.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Tmc The Metals Company Inc reported -$319.8M in net income in fiscal year 2025. This represents a decrease of 290.3% from the prior year.
Tmc The Metals Company Inc earned $0.83 per diluted share (EPS) in fiscal year 2025. This represents an increase of 232.0% from the prior year.
Cash & Balance Sheet
Tmc The Metals Company Inc generated -$43.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 2.0% from the prior year.
Tmc The Metals Company Inc held $117.6M in cash against $0 in long-term debt as of fiscal year 2025.
Tmc The Metals Company Inc had 423M shares outstanding in fiscal year 2025. This represents an increase of 24.1% from the prior year.
Margins & Returns
Capital Allocation
Tmc The Metals Company Inc invested $245K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 52.4% from the prior year.
TMCWW Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $410K |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $20.7M | N/A | $45.7M+298.3% | $11.5M+35.0% | $8.5M | N/A | $8.1M+3.3% | $7.9M |
| Operating Income | -$34.0M | N/A | -$55.4M-151.9% | -$22.0M-22.0% | -$18.0M | N/A | -$20.0M+1.6% | -$20.3M |
| Interest Expense | $1.1M | N/A | $1.3M+810.9% | $147K-73.7% | $558K | N/A | $7K-56.3% | $16K |
| Income Tax | $44K | N/A | $123K | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$20.6M | N/A | -$184.5M-148.2% | -$74.3M-261.1% | -$20.6M | N/A | -$20.5M-1.7% | -$20.2M |
| EPS (Diluted) | $0.05 | N/A | $0.46+130.0% | $0.20+233.3% | $0.06 | N/A | $0.060.0% | $0.06 |
TMCWW Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $184.9M+1.8% | $181.6M+3.4% | $175.6M+1.1% | $173.7M+169.4% | $64.5M+2.4% | $63.0M+2.7% | $61.3M+1.1% | $60.6M |
| Current Assets | $122.8M+1.7% | $120.7M+3.0% | $117.2M-0.1% | $117.3M+1493.9% | $7.4M+38.0% | $5.3M+82.8% | $2.9M+70.5% | $1.7M |
| Cash & Equivalents | $119.7M+1.7% | $117.6M+1.7% | $115.6M-0.1% | $115.8M+4834.3% | $2.3M-32.6% | $3.5M+866.7% | $360K-24.1% | $474K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $212.2M-1.3% | $215.1M-0.5% | $216.2M+135.5% | $91.8M+13.0% | $81.3M+1.4% | $80.1M-3.2% | $82.8M+17.8% | $70.3M |
| Current Liabilities | $56.5M-4.8% | $59.4M+26.8% | $46.8M-5.5% | $49.6M-10.2% | $55.2M+1.3% | $54.5M-4.7% | $57.2M+31.1% | $43.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$27.3M+18.2% | -$33.4M+17.7% | -$40.6M-149.6% | $81.9M+588.3% | -$16.8M+2.1% | -$17.1M+20.3% | -$21.5M-123.5% | -$9.6M |
| Retained Earnings | -$971.9M-2.2% | -$951.3M-4.4% | -$910.9M-25.4% | -$726.4M-11.4% | -$652.0M-3.3% | -$631.4M-2.7% | -$614.8M-3.5% | -$594.3M |
TMCWW Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$615K+94.6% | -$11.4M+1.1% | -$11.5M-7.7% | -$10.7M-14.1% | -$9.3M+31.9% | -$13.7M-137.2% | -$5.8M+52.3% | -$12.1M |
| Capital Expenditures | $35K-66.7% | $105K+425.0% | $20K-60.0% | $50K-28.6% | $70K+40.0% | $50K0.0% | $50K-33.3% | $75K |
| Free Cash Flow | -$650K+94.3% | -$11.5M+0.4% | -$11.5M-7.4% | -$10.7M-13.8% | -$9.4M+31.6% | -$13.8M-136.0% | -$5.8M+52.1% | -$12.2M |
| Investing Cash Flow | -$35K-114.5% | $241K+1305.0% | -$20K-106.8% | $296K+522.9% | -$70K-40.0% | -$50K0.0% | -$50K+33.3% | -$75K |
| Financing Cash Flow | $2.7M-79.3% | $13.1M+14.9% | $11.4M-90.8% | $123.8M+1392.5% | $8.3M-52.1% | $17.3M+204.9% | $5.7M-34.5% | $8.7M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TMCWW Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -4950.0% |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -4919.0% |
| Return on Equity | N/A | N/A | N/A | -90.8% | N/A | N/A | N/A | N/A |
| Return on Assets | -11.1% | N/A | -105.1%-62.3pp | -42.8%-10.9pp | -31.9% | N/A | -33.5%-0.2pp | -33.3% |
| Current Ratio | 2.17+0.1 | 2.03-0.5 | 2.50+0.1 | 2.37+2.2 | 0.13+0.0 | 0.10+0.0 | 0.05+0.0 | 0.04 |
| Debt-to-Equity | -7.76-1.3 | -6.43-1.1 | -5.32-6.4 | 1.12+6.0 | -4.85-0.2 | -4.68-0.8 | -3.86+3.5 | -7.31 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -2972.9% |
Note: Shareholder equity is negative (-$33.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Frequently Asked Questions
Is Tmc The Metals Company Inc profitable?
No, Tmc The Metals Company Inc (TMCWW) reported a net income of -$319.8M in fiscal year 2025.
What is Tmc The Metals Company Inc's free cash flow?
Tmc The Metals Company Inc (TMCWW) generated -$43.1M in free cash flow during fiscal year 2025. This represents a 2.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Tmc The Metals Company Inc's operating cash flow?
Tmc The Metals Company Inc (TMCWW) generated -$42.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Tmc The Metals Company Inc's total assets?
Tmc The Metals Company Inc (TMCWW) had $181.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Tmc The Metals Company Inc's capital expenditures?
Tmc The Metals Company Inc (TMCWW) invested $245K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Tmc The Metals Company Inc's current ratio?
Tmc The Metals Company Inc (TMCWW) had a current ratio of 2.03 as of fiscal year 2025, which is generally considered healthy.
What is Tmc The Metals Company Inc's debt-to-equity ratio?
Tmc The Metals Company Inc (TMCWW) had a debt-to-equity ratio of -6.43 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tmc The Metals Company Inc's return on assets (ROA)?
Tmc The Metals Company Inc (TMCWW) had a return on assets of -176.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Tmc The Metals Company Inc's cash runway?
Based on fiscal year 2025 data, Tmc The Metals Company Inc (TMCWW) had $117.6M in cash against an annual operating cash burn of $42.9M. This gives an estimated cash runway of approximately 33 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Tmc The Metals Company Inc's debt-to-equity ratio negative or unusual?
Tmc The Metals Company Inc (TMCWW) has negative shareholder equity of -$33.4M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Tmc The Metals Company Inc's Piotroski F-Score?
Tmc The Metals Company Inc (TMCWW) has a Piotroski F-Score of 2 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Tmc The Metals Company Inc's earnings high quality?
Tmc The Metals Company Inc (TMCWW) has an earnings quality ratio of 0.13x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Tmc The Metals Company Inc cover its interest payments?
Tmc The Metals Company Inc (TMCWW) has an interest coverage ratio of -50.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.