# TMC the metals Co Inc.: overview

TMC · Nasdaq · CIK 1798562 · [Materials](/sectors/materials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/tmc.md) · [Financials](/companies/tmc/financials.md) · [Filings](/companies/tmc/filings.md) · [Insiders](/companies/tmc/insiders.md)

Latest reported revenue: [$410.0k](/filings/0001104659-24-089697.md) for Q2 FY2024, three months to 2024-06-30, from the 10-Q filed Aug 14, 2024 (XBRL us-gaap:Revenues, accession 0001104659-24-089697).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | [0.06](/filings/0001104659-25-111264.md) | not reported | [0.06](/filings/0001104659-26-061357.md) | [0.20](/filings/0001104659-26-096051.md) | [0.46](/filings/0001104659-25-111264.md) | not reported | [0.05](/filings/0001104659-26-061357.md) | [0.14](/filings/0001104659-26-096051.md) |
| Free cash flow | $m | [(5.8) d](/filings/0001104659-25-111264.md) | [(13.8) d](/filings/0001104659-26-037863.md) | [(9.4)](/filings/0001104659-26-061357.md) | [(10.7) d](/filings/0001104659-26-096051.md) | [(11.5) d](/filings/0001104659-25-111264.md) | [(11.5) d](/filings/0001104659-26-037863.md) | [(0.7)](/filings/0001104659-26-061357.md) | [(20.1) d](/filings/0001104659-26-096051.md) |

- Revenue. XBRL not reported.
- Gross margin (gross profit / revenue). XBRL not reported.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | not reported | not reported | not reported | not reported | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | [0.69](/filings/0001104659-23-037110.md) | [0.71](/filings/0001104659-24-038505.md) | [0.26](/filings/0001410578-25-000516.md) | [0.25](/filings/0001104659-26-037863.md) | [0.83](/filings/0001104659-26-037863.md) |
| Free cash flow | $m | not reported | not reported | [(60.2)](/filings/0001410578-25-000516.md) | [(44.0)](/filings/0001104659-26-037863.md) | [(43.1)](/filings/0001104659-26-037863.md) |

- Revenue. XBRL not reported.
- Gross margin (gross profit / revenue). XBRL not reported.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/tmc/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [FIRST MANHATTAN CO. LLC.](/funds/728083.md) | 2026-06-30 | $67.8m | 15,315,924 |  | Unchanged |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $14.5m | 3,275,718 |  | Reduced −350,183 |
| [MILLENNIUM MANAGEMENT LLC](/funds/1273087.md) | 2026-06-30 | $13.0m | 2,935,946 |  | Reduced −130,232 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $11.8m | 2,667,500 | Call | Reduced −1,403,700 |
| [Anson Funds Management LP](/funds/1491072.md) | 2026-06-30 | $11.7m | 2,644,476 |  | New +2,644,476 |
| [Baird Financial Group, Inc.](/funds/1648711.md) | 2026-06-30 | $10.8m | 2,429,803 |  | Reduced −40,284 |
| [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $10.8m | 2,427,576 |  | Reduced −4,540,263 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $10.5m | 2,368,461 |  | Added +385,315 |
| [Yorkville Advisors Global, LP](/funds/1838613.md) | 2026-06-30 | $9.3m | 1,303,900 |  | New +1,303,900 |
| [TUDOR INVESTMENT CORP ET AL](/funds/923093.md) | 2026-06-30 | $7.5m | 1,691,752 |  | Added +61,989 |

## Recent filings

[All 514 filings](/companies/tmc/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-29 | 12:48 ET | [8-K](/filings/0001104659-26-111638.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-111638 |
| 2026-09-11 | 01:41 ET | [SCHEDULE 13D/A](/filings/0001104659-26-107182.md) | Ownership report, active investor, amended | 0001104659-26-107182 |
| 2026-08-19 | 20:02 ET | [8-K](/filings/0001104659-26-098771.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-098771 |
| 2026-08-17 | 12:37 ET | [8-K](/filings/0001104659-26-097581.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-097581 |
| 2026-08-13 | 21:22 ET | [10-Q](/filings/0001104659-26-096051.md) | Quarterly report, period 2026-06-30 | 0001104659-26-096051 |
| 2026-08-13 | 20:02 ET | [8-K](/filings/0001104659-26-095883.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-095883 |
| 2026-07-07 | 13:49 ET | [SCHEDULE 13D/A](/filings/0001104659-26-081046.md) | Ownership report, active investor, amended | 0001104659-26-081046 |
| 2026-05-29 | 21:05 ET | [8-K](/filings/0001104659-26-068344.md) | 5.07 Shareholder vote results | 0001104659-26-068344 |
| 2026-05-28 | 13:04 ET | [8-K](/filings/0001104659-26-067275.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-067275 |
| 2026-05-14 | 21:30 ET | [10-Q](/filings/0001104659-26-061357.md) | Quarterly report, period 2026-03-31 | 0001104659-26-061357 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-037863.md), filed Mar 31, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1798562
- Tickers: TMC
- Exchange: Nasdaq
- SIC code: 1000 Metal Mining
- State of incorporation: A1
- Filer category: Non-accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:48 ET. No prices; not investment advice.