TMC the metals Co Inc. (TMCWW) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1111 WEST HASTINGS STREET VANCOUVER, BC V6E 2J3 |
| State of Incorp. | BC |
| Fiscal Year End | December 31 |
| Industry (SIC) | 10 - Metal Mining (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 3,480,000 | 6,842,000 | 46,842,000 | 84,873,000 | 1,299,301 | |||
| Cash and cash equivalent | 3,480,000 | 6,842,000 | 46,842,000 | 84,873,000 | 1,299,301 | |||
| Receivables | 1,851,000 | 1,978,000 | 2,760,000 | 3,686,000 | ||||
| Prepaid expense | 209,784 | |||||||
| Other undisclosed current assets | ||||||||
| Total current assets: | 5,331,000 | 8,820,000 | 49,602,000 | 88,559,000 | 1,509,085 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 3,814,000 | 5,721,000 | ||||||
| Property, plant and equipment | 771,000 | 2,776,000 | 2,025,000 | 1,416,000 | ||||
| Long-term investments and receivables | 8,203,000 | 8,429,000 | ||||||
| Long-term investments | 8,203,000 | 8,429,000 | ||||||
| Intangible assets, net (including goodwill) | 1,928,000 | |||||||
| Intangible assets, net (excluding goodwill) | 1,928,000 | |||||||
| Other undisclosed noncurrent assets | 42,951,000 | 43,150,000 | 43,150,000 | 43,150,000 | 300,069,135 | |||
| Total noncurrent assets: | 57,667,000 | 60,076,000 | 45,175,000 | 44,566,000 | 300,069,135 | |||
| TOTAL ASSETS: | 62,998,000 | 68,896,000 | 94,777,000 | 133,125,000 | 301,578,220 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 42,754,000 | 31,334,000 | 41,614,000 | 26,573,000 | 1,881,002 | |||
| Accounts payable | 6,198,000 | 34,298 | ||||||
| Accrued liabilities | 36,556,000 | 1,846,704 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 31,334,000 | 41,614,000 | 26,573,000 | |||||
| Debt | 11,775,000 | |||||||
| Total current liabilities: | 54,529,000 | 31,334,000 | 41,614,000 | 26,573,000 | 1,881,002 | |||
| Noncurrent Liabilities | ||||||||
| Liabilities, other than long-term debt | 10,675,000 | 10,675,000 | 10,675,000 | 10,675,000 | ||||
| Deferred income tax liabilities | 10,675,000 | 10,675,000 | 10,675,000 | 10,675,000 | ||||
| Other undisclosed noncurrent liabilities | 14,912,000 | 15,969,000 | 983,000 | 3,126,000 | 67,430,000 | |||
| Total noncurrent liabilities: | 25,587,000 | 26,644,000 | 11,658,000 | 13,801,000 | 67,430,000 | |||
| Total liabilities: | 80,116,000 | 57,978,000 | 53,272,000 | 40,374,000 | 69,311,002 | |||
| Temporary equity, including noncontrolling interest | 227,267,210 | |||||||
| Equity | ||||||||
| Equity, attributable to parent, including: | (17,118,000) | 10,918,000 | 41,505,000 | 92,751,000 | 5,000,008 | |||
| Common stock | 477,217,000 | 438,239,000 | 332,882,000 | 296,051,000 | 727 | |||
| Additional paid in capital | 138,303,000 | 122,797,000 | 184,960,000 | 102,073,000 | 41,549,625 | |||
| Accumulated other comprehensive loss | (1,203,000) | (1,216,000) | (1,216,000) | (1,216,000) | ||||
| Accumulated deficit | (631,435,000) | (548,902,000) | (475,121,000) | (304,157,000) | (36,551,094) | |||
| Other undisclosed equity, attributable to parent | 750 | |||||||
| Total equity: | (17,118,000) | 10,918,000 | 41,505,000 | 92,751,000 | 5,000,008 | |||
| TOTAL LIABILITIES AND EQUITY: | 62,998,000 | 68,896,000 | 94,777,000 | 133,125,000 | 301,578,220 | |||
Income Statement (P&L) (USD)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|---|
| Gross profit: | (2,650,000) | ||||||
| Operating expenses | (81,287,000) | (72,389,000) | (174,117,000) | (149,589,000) | (3,003,654) | ||
| Other undisclosed operating income | 2,650,000 | ||||||
| Operating loss: | (81,287,000) | (72,389,000) | (174,117,000) | (149,589,000) | (3,003,654) | ||
| Nonoperating income (expense) | 761,000 | (310,000) | (24,000) | (82,000) | |||
| Investment income, nonoperating | (226,000) | ||||||
| Loss on contract termination | (199,000) | ||||||
| Gain (loss), foreign currency transaction, before tax | 1,186,000 | (310,000) | (24,000) | (82,000) | |||
| Interest and debt expense | (416,000) | ||||||
| Loss from continuing operations before equity method investments, income taxes: | (80,942,000) | (72,699,000) | (174,141,000) | (149,671,000) | (3,003,654) | ||
| Loss from equity method investments | (571,000) | ||||||
| Other undisclosed income (loss) from continuing operations before income taxes | (953,000) | (470,000) | 3,254,000 | ||||
| Loss from continuing operations before income taxes: | (81,895,000) | (73,740,000) | (170,887,000) | (149,671,000) | (3,003,654) | ||
| Income tax expense | (48,000) | (41,000) | (77,000) | ||||
| Other undisclosed loss from continuing operations | |||||||
| Loss from continuing operations: | (81,943,000) | (73,781,000) | (170,964,000) | (149,671,000) | (3,003,654) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (149,671,000) | (3,003,654) | |
| Other undisclosed net income (loss) | 8,372,000 | (33,538,401) | |||||
| Net loss: | (81,943,000) | (73,781,000) | (170,964,000) | (141,299,000) | (36,542,055) | ||
| Other undisclosed net loss attributable to parent | |||||||
| Net loss available to common stockholders, diluted: | (81,943,000) | (73,781,000) | (170,964,000) | (141,299,000) | (36,542,055) | ||
Comprehensive Income (USD)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (81,943,000) | (73,781,000) | (170,964,000) | (141,299,000) | (36,542,055) | ||
| Comprehensive loss: | (81,943,000) | (73,781,000) | (170,964,000) | (141,299,000) | (36,542,055) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (81,943,000) | (73,781,000) | (170,964,000) | (141,299,000) | (36,542,055) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.