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TMC · XBRL financial data

TMC the metals financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

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How these numbers work
  • Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
  • Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
  • * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
  • 0 means a filing states zero; a dash (—) means no filing states that number.
  • “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
  • Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
  • Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
  • Shares outstanding come from each filing's cover page, as of the date printed there.
  • Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

CSV

Fiscal quarters (TMC's year ends in late December)

In millions of dollarsSep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026
Revenue———0————————
General and administrative57*7888*9114634*2116
Operating income (loss)(13)(33)*(25)(20)(20)(16)*(18)(22)(55)(45)*(34)(72)
Interest expense————0*0*1(0)*————
Income tax expense (benefit)—year only———year only——00*00
Net income (loss)(12)(47)*(25)(20)(21)(16)*(21)(74)(185)(40)*(21)(60)
Earnings per share, basic USD per share0.04—0.080.060.06—0.060.200.46—0.050.14
Earnings per share, diluted USD per share0.04—0.080.060.06—0.060.200.46—0.050.14
Weighted average shares, basic millions of shares295306*312321324331*345367406420*426433
Weighted average shares, diluted millions of shares295278*312321324331*345367406420*426433

Balance sheet

CSV

Fiscal quarters (TMC's year ends in late December)

In millions of dollarsSep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026
Cash and cash equivalents2374003211611611812099
Total current assets28962357117117121123101
Property and equipment, net231111111100
Right-of-use asset665544332211
Total assets88696561616364174176182185181
Accounts payable—2———6344292
Accrued liabilities—29———37434343444550
Total current liabilities193136445755555047595753
Total liabilities3258647083808192216215212208
Accumulated deficit(502)(549)(574)(594)(615)(631)(652)(726)(911)(951)(972)(1,032)
Total stockholders' equity55112(10)(21)(17)(17)82(41)(33)(27)(27)
Total liabilities and equity88696561616364174176182185181
Common shares outstanding (cover page) millions of shares305318321324324348362406413433433441

Cash flows

CSV

Fiscal quarters (TMC's year ends in late December)

In millions of dollarsSep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026
Net income (loss)(12)(47)*(25)(20)(21)(16)*(21)(74)(185)(40)*(21)(60)
Stock-based compensation3*6*76*6*6*109*43*34*2417*
Net cash from operating activities(13)*(15)*(12)(12)*(6)*(14)*(9)(11)*(11)*(11)*(1)(20)*
Purchases of property and equipment0*0*00*0*0*00*0*0*00*
Net cash from investing activities(0)*(5)*(0)(0)*(0)*(0)*(0)0*(0)*0*(0)(1)*
Proceeds from issuing common stock0*0*——2*0*69*0*0*——
Net cash from financing activities15*5*99*6*17*8124*11*13*30*

Compare with peers

SIC 1000 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen
  • SIC 1000 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
  • Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
  • Runway shows only for companies burning cash with under $10B of public float.
  • * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
  • A cell reading “not reported” means the filings give no figure for that quarter alone.
CompanyCash ($M)Revenue, quarter ($M)Operating cash flow, quarter ($M)Shares outstandingRunwayQuarter
TMC the metals99not reported(20)*441.1M4.9 quarters 10-QJun 30, 2026
Ivanhoe Electric2570.7(20)*159.6M12.9 quarters 10-QJun 30, 2026
Cleveland-Cliffs775,612224*570.6M— 10-QSep 30, 2026
USA Rare Earth1,5305.8(57)*244.7M26.9 quarters 10-QJun 30, 2026
Niocorp Developments415not reported(4)*145.8M103.5 quarters 10-KJun 30, 2026
Lithium Americas823not reported(5.6)*363.0M147.7 quarters 10-QJun 30, 2026
MP Materials4291086.8*178.1M— 10-QJun 30, 2026
Dakota Gold99not reported(7.4)*134.2M13.5 quarters 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.