TMC the metals company Inc. (TMC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | 39K | 79K | 0 | 0 | 0 | 82K | 0 | 0 | 0 | 98K | 0 | 0 | 88K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | -39K | -79K | 0 | 0 | 0 | -82K | 0 | 0 | 0 | -98K | 0 | 0 | -88K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit Growth % | - | 3.66% | - | - | - | 16.33% | - | - | 100% | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | 33.94M | 44.63M | 55.36M | 21.98M | 18.02M | 16.27M | 19.96M | 20.3M | 24.68M | 33.16M | 12.52M | 13.23M | 13.29M | -111.28M | 28.61M | 18.33M | -15.91M | -270.91M | 37.18M | 28.67M |
| OpEx % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Selling, General & Admin | 20.73M | 29.04M | 45.73M | 11.48M | 8.5M | 16.27M | 8.15M | 7.89M | 6.56M | 33.16M | 4.61M | 5.13M | 13.29M | 111.28M | 5.94M | 8.09M | 15.91M | 22.87M | 13.33M | 10.44M |
| SG&A % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 0 | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K |
| Operating Income | -33.98M | -44.7M | -55.36M | -21.98M | -18.02M | -16.35M | -19.96M | -20.3M | -24.68M | -33.26M | -12.52M | -13.23M | -13.38M | 111.28M | -28.61M | -18.33M | 15.91M | 270.91M | -37.18M | -28.67M |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income Growth % | -88.63% | -173.46% | -177.32% | -8.28% | 27.01% | 50.85% | -59.47% | -53.41% | -84.43% | -129.89% | 56.24% | 27.82% | -184.13% | -58.93% | 23.06% | 36.06% | 128.68% | 1689.65% | -451.01% | -45.95% |
| EBITDA | -33.94M | -44.63M | -55.3M | -21.92M | -17.96M | -16.27M | -19.88M | -20.18M | -24.6M | -33.16M | -12.43M | -13.14M | -13.29M | 111.39M | -28.5M | -18.23M | 16M | 271.04M | -37.05M | -28.57M |
| EBITDA Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA Growth % | -89.02% | -174.35% | -178.19% | -8.59% | 27% | 50.95% | -59.91% | -53.58% | -85.01% | -129.77% | 56.38% | 27.93% | -183.08% | -58.9% | 23.09% | 36.17% | 128.9% | 1703.77% | -460.78% | -46.5% |
| D&A (Non-Cash Add-back) | 39K | 79K | 57K | 58K | 58K | 82K | 83K | 112K | 85K | 98K | 87K | 87K | 88K | 119K | 110K | 94K | 95K | 129K | 128K | 98K |
| EBIT | -33.98M | -39.7M | -183.71M | -73.51M | -19.57M | -14.79M | -19.91M | -19.68M | -24.92M | -46.92M | -12.21M | -13.86M | -13.75M | -111.28M | -27.89M | -12.38M | -15.91M | -22.87M | -37.18M | -28.67M |
| Net Interest Income | 471K | 608K | 658K | -686K | -19K | -1.17M | -608K | -476K | -169K | -47K | 67K | 69K | 427K | 567K | 352K | 192K | -5.21M | 0 | -342K | -441K |
| Interest Income | 1.14M | 1.29M | 1.34M | 147K | 0 | 51K | 7K | 16K | 102K | 205K | 319K | 319K | 454K | 567K | 352K | 192K | 0 | 0 | 0 | 0 |
| Interest Expense | 665K | 680K | 681K | 833K | 19K | 1.22M | 615K | 492K | 271K | 252K | 252K | 250K | 27K | 0 | 0 | 0 | 5.21M | 0 | 342K | 441K |
| Other Income/Expense | 13.43M | 4.33M | -129.03M | -52.37M | -2.57M | 335K | -558K | 127K | -512K | -13.91M | 51K | -878K | -365K | -220.77M | 713K | 5.94M | -37.02M | -290.71M | 531K | -474K |
| Pretax Income | -20.55M | -40.38M | -184.39M | -74.34M | -20.59M | -16.01M | -20.52M | -20.17M | -25.19M | -47.17M | -12.47M | -14.11M | -13.75M | -109.49M | -27.89M | -12.38M | -21.12M | -19.8M | -36.65M | -29.14M |
| Pretax Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Income Tax | 44K | 21K | 123K | 0 | 0 | 48K | 0 | 0 | 0 | 41K | 0 | 0 | 0 | 77K | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | -0.21% | -0.05% | -0.07% | 0% | 0% | -0.3% | 0% | 0% | 0% | -0.09% | 0% | 0% | 0% | -0.07% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -20.6M | -40.4M | -184.52M | -74.34M | -20.59M | -16.06M | -20.52M | -20.17M | -25.19M | -47.21M | -12.47M | -14.11M | -13.75M | -109.57M | -27.89M | -12.38M | -21.12M | -19.8M | -36.65M | -29.14M |
| Net Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income Growth % | -0.05% | -151.53% | -799.21% | -268.61% | 18.28% | 65.98% | -64.59% | -42.96% | -83.26% | 56.91% | 55.31% | -13.91% | 34.9% | -453.43% | 23.89% | 57.5% | 62.09% | -15.88% | -440.1% | -47.32% |
| Net Income (Continuing) | -20.6M | -40.4M | -184.52M | -74.34M | -20.59M | -16.06M | -20.52M | -20.17M | -25.19M | -47.21M | -12.47M | -14.11M | -13.75M | -109.57M | -27.89M | -12.38M | -21.12M | -19.8M | -36.65M | -29.14M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.05 | -0.10 | -0.57 | -0.20 | -0.06 | -0.05 | -0.06 | -0.06 | -0.08 | -0.15 | -0.04 | -0.05 | 0.06 | -0.39 | -0.11 | -0.05 | -0.12 | -0.09 | -0.18 | -0.15 |
| EPS Growth % | 18.79% | -91.38% | -799.05% | -218.47% | 26.33% | 66.73% | -49.88% | -25.35% | -227% | 61.54% | 61.55% | 6.7% | 153.08% | -345.21% | 38.89% | 64.2% | 58.62% | 1.35% | -394.51% | -15.38% |
| EPS (Basic) | -0.05 | -0.10 | -0.57 | -0.20 | -0.06 | -0.05 | -0.06 | -0.06 | -0.08 | -0.15 | -0.04 | -0.05 | 0.07 | -0.39 | -0.11 | -0.05 | -0.12 | -0.09 | -0.18 | -0.15 |
| Diluted Shares Outstanding | 321.88M | 384.51M | 321.88M | 366.63M | 345.35M | 321.88M | 323.66M | 320.89M | 311.52M | 306.56M | 294.64M | 281.32M | 300.38M | 266.81M | 239.74M | 227.12M | 226.08M | 226.08M | 205.25M | 196.51M |
| Basic Shares Outstanding | 321.88M | 384.51M | 321.88M | 366.63M | 345.35M | 321.88M | 323.66M | 320.89M | 311.52M | 306.56M | 294.64M | 281.32M | 272.03M | 266.81M | 239.74M | 227.12M | 226.08M | 225.43M | 205.25M | 196.51M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |