TMC the metals Co Inc. (TMCWW) Financial Statements (2025 and earlier)

Company Profile

Business Address 595 HOWE STREET
VANCOUVER, BC V6C 2T5
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) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,84246,84284,8731,299
Cash and cash equivalents6,84246,84284,8731,299
Receivables 1,9782,7603,686 
Prepaid expense    210
Other undisclosed current assets    
Total current assets:8,82049,60288,5591,509
Noncurrent Assets
Operating lease, right-of-use asset5,721   
Property, plant and equipment2,7762,0251,416 
Long-term investments and receivables8,429   
Long-term investments8,429   
Intangible assets, net (including goodwill)    
Intangible assets, net (excluding goodwill)    
Other undisclosed noncurrent assets43,15043,15043,150300,069
Total noncurrent assets:60,07645,17544,566300,069
TOTAL ASSETS:68,89694,777133,125301,578
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:31,33441,61426,5731,881
Accounts payable    34
Accrued liabilities    1,847
Other undisclosed accounts payable and accrued liabilities31,33441,61426,573 
Debt    
Total current liabilities:31,33441,61426,5731,881
Noncurrent Liabilities
Liabilities, other than long-term debt10,67510,67510,675 
Deferred income tax liabilities10,67510,67510,675 
Other undisclosed noncurrent liabilities15,9699833,12667,430
Total noncurrent liabilities:26,64411,65813,80167,430
Total liabilities:57,97853,27240,37469,311
Temporary equity, carrying amount    227,267
Equity
Equity, attributable to parent, including:10,91841,50592,7515,000
Common stock438,239332,882296,0511
Additional paid in capital122,797184,960102,07341,550
Accumulated other comprehensive loss(1,216)(1,216)(1,216) 
Accumulated deficit(548,902)(475,121)(304,157)(36,551)
Other undisclosed equity, attributable to parent    1
Total equity:10,91841,50592,7515,000
TOTAL LIABILITIES AND EQUITY:68,89694,777133,125301,578

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues
(Other undisclosed Revenues)
    
Cost of revenue
(Cost of Goods and Services Sold)
    (2,650)
Gross profit:   (2,650)
Operating expenses(72,389)(174,117)(149,589)(3,004)
Other undisclosed operating income (loss)   2,650
Operating loss:(72,389)(174,117)(149,589)(3,004)
Nonoperating expense(310)(24)(82) 
Investment income, nonoperating    
Loss, foreign currency transaction, before tax(310)(24)(82) 
Loss from continuing operations before equity method investments, income taxes:(72,699)(174,141)(149,671)(3,004)
Loss from equity method investments (571)   
Other undisclosed income (loss) from continuing operations before income taxes(470)3,254  
Loss from continuing operations before income taxes:(73,740)(170,887)(149,671)(3,004)
Income tax expense (41)(77)  
Other undisclosed loss from continuing operations    
Loss from continuing operations:(73,781)(170,964)(149,671)(3,004)
Loss before gain (loss) on sale of properties:(149,671)(3,004)
Other undisclosed net income (loss)  8,372(33,538)
Net loss:(73,781)(170,964)(141,299)(36,542)
Other undisclosed net income attributable to parent    
Net loss available to common stockholders, diluted:(73,781)(170,964)(141,299)(36,542)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(73,781)(170,964)(141,299)(36,542)
Comprehensive loss:(73,781)(170,964)(141,299)(36,542)
Other undisclosed comprehensive income, net of tax, attributable to parent    
Comprehensive loss, net of tax, attributable to parent:(73,781)(170,964)(141,299)(36,542)

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.

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