TMC · XBRL financial data

TMC the metals financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

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

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

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
General and administrative	2,924	56,583	29,518	22,540	30,644	99,772
Operating income (loss)	(3,004)	(149,589)	(174,117)	(72,389)	(81,287)	(140,054)
Interest expense	—	—	—	—	416	—
Income tax expense (benefit)	—	—	77	41	48	144
Net income (loss)	(36,542)	(141,299)	(170,964)	(73,781)	(81,943)	(319,844)
Earnings per share, basic USD per share	0.32	0.69	0.71	0.26	0.25	0.83
Earnings per share, diluted USD per share	0.32	0.69	0.71	0.26	0.25	0.83
Weighted average shares, basic thousands of shares	178,571	204,927	239,867	288,644	321,875	384,512
Weighted average shares, diluted thousands of shares	178,571	204,927	239,867	288,644	321,875	384,512

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

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	1,299	84,873	46,842	6,842	3,480	117,633
Total current assets	1,509	88,559	49,602	8,820	5,331	120,682
Property and equipment, net	1,310	1,416	2,025	2,776	771	519
Right-of-use asset	—	—	—	5,721	3,814	1,907
Total assets	301,578	133,125	94,777	68,896	62,998	181,631
Accounts payable	34	—	—	2,442	6,198	2,277
Accrued liabilities	1,847	—	—	28,892	36,556	43,771
Total current liabilities	1,881	26,573	41,614	31,334	54,529	59,399
Total liabilities	69,311	40,374	53,272	57,978	80,116	215,074
Accumulated deficit	(36,551)	(304,157)	(475,121)	(548,902)	(631,435)	(951,279)
Total stockholders' equity	5,000	92,751	41,505	10,918	(17,118)	(33,443)
Total liabilities and equity	301,578	133,125	94,777	68,896	62,998	181,631
Common shares outstanding (cover page) thousands of shares	—	226,781	277,879	318,250	347,911	433,188

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

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(36,542)	(141,299)	(170,964)	(73,781)	(81,943)	(319,844)
Stock-based compensation	27,098	74,571	18,394	12,360	25,313	96,672
Net cash from operating activities	(1,336)	(56,092)	(66,637)	(59,573)	(43,468)	(42,851)
Purchases of property and equipment	—	—	—	578	515	245
Net cash from investing activities	(300,000)	(3,842)	(1,169)	(578)	(515)	447
Proceeds from issuing common stock	20,373	—	30,399	30	4,866	14,784
Net cash from financing activities	302,635	134,701	29,722	20,066	40,686	156,585

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.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
TMC the metals	98,655	not reported	(20,100)*	441.1M	4.9 quarters	Q2 FY26 10-QJun 30, 2026
Ivanhoe Electric	256,878	724	(19,965)*	159.6M	12.9 quarters	Q2 FY26 10-QJun 30, 2026
Cleveland-Cliffs	77,000	5,612,000	224,000*	570.6M	—	Q3 FY26 10-QSep 30, 2026
USA Rare Earth	1,530,147	5,821	(56,868)*	244.7M	26.9 quarters	Q2 FY26 10-QJun 30, 2026
Niocorp Developments	415,004	not reported	(4,011)*	145.8M	103.5 quarters	Q4 FY26 10-KJun 30, 2026
Lithium Americas	822,782	not reported	(5,569)*	363.0M	147.7 quarters	Q2 FY26 10-QJun 30, 2026
MP Materials	429,075	108,490	6,848*	178.1M	—	Q2 FY26 10-QJun 30, 2026
Dakota Gold	99,296	not reported	(7,357)*	134.2M	13.5 quarters	Q2 FY26 10-QJun 30, 2026

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