Balance Sheet TMC the metals company Inc.

Equities

TMC

CA87261Y1060

Specialty Mining & Metals

Market Closed - Nasdaq Other stock markets 01:30:00 11/03/2026 am IST			5-day change	1st Jan Change
6.380 ^USD	+1.75%		+4.25%	+3.40%

10/03	TMC to See Faster Production Path After NOAA Decision, Wedbush Says	MT
10/03	TMC USA's seabed mining application advances in US review	RE

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Published financial data: TMC THE METALS COMPANY INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Selling General & Admin Expenses, Total	35.96L	5.12Cr	2.95Cr	2.33Cr	3.25Cr
Exploration / Drilling Costs, Total	4.89Cr	9.3Cr	14Cr	4.9Cr	4.87Cr
Stock-Based Compensation (IS)	32.63L	-	-	-	-
Other Operating Expenses, Total	5.57Cr	14Cr	17Cr	7.24Cr	8.13Cr
Operating Income	-5.57Cr	-14Cr	-17Cr	-7.24Cr	-8.13Cr
Interest Expense, Total	-	-10.03L	-	-	-
Interest And Investment Income	53.44T	-	11.11L	12.97L	2L
Net Interest Expenses	53.44T	-10.03L	11.11L	12.97L	2L
Income (Loss) On Equity Invest.	-	-	-	-6L	-2L
Currency Exchange Gains (Loss)	-80.45T	-82T	-24T	-3L	11.86L
Other Non Operating Income (Expenses)	-9L	93.75L	21.43L	-17.67L	-15.45L
EBT, Excl. Unusual Items	-5.66Cr	-14Cr	-17Cr	-7.37Cr	-8.17Cr
Merger & Related Restructuring Charges	-	-54L	-	-	-
Other Unusual Items	-	-	-	-	-2L
EBT, Incl. Unusual Items	-5.66Cr	-14Cr	-17Cr	-7.37Cr	-8.19Cr
Income Tax Expense	-	-	77T	41T	48T
Earnings From Continuing Operations	-5.66Cr	-14Cr	-17Cr	-7.38Cr	-8.19Cr
Net Income to Company	-5.66Cr	-14Cr	-17Cr	-7.38Cr	-8.19Cr
Net Income - (IS)	-5.66Cr	-14Cr	-17Cr	-7.38Cr	-8.19Cr
Net Income to Common Incl Extra Items	-5.66Cr	-14Cr	-17Cr	-7.38Cr	-8.19Cr
Net Income to Common Excl. Extra Items	-5.66Cr	-14Cr	-17Cr	-7.38Cr	-8.19Cr
Per Share Items
Net EPS - Basic	-0.37	-0.69	-0.71	-0.26	-0.25
Basic EPS - Continuing Operations	-0.37	-0.69	-0.71	-0.26	-0.25
Basic Weighted Average Shares Outstanding	15Cr	20Cr	24Cr	29Cr	32Cr
Net EPS - Diluted	-0.37	-0.69	-0.71	-0.26	-0.25
Diluted EPS - Continuing Operations	-0.37	-0.69	-0.71	-0.26	-0.25
Diluted Weighted Average Shares Outstanding	15Cr	20Cr	24Cr	29Cr	32Cr
Normalized Basic EPS	-0.23	-0.41	-0.45	-0.16	-0.16
Normalized Diluted EPS	-0.23	-0.41	-0.45	-0.16	-0.16
Supplemental Items
EBITDA	-5.52Cr	-14Cr	-17Cr	-7.2Cr	-8.09Cr
EBITA	-5.57Cr	-14Cr	-17Cr	-7.24Cr	-8.13Cr
EBIT	-5.57Cr	-14Cr	-17Cr	-7.24Cr	-8.13Cr
EBITDAR	-5.51Cr	-14Cr	-17Cr	-7.12Cr	-7.9Cr
Effective Tax Rate - (Ratio)	-	-	-0.04	-0.06	-0.06
Normalized Net Income	-3.54Cr	-8.49Cr	-11Cr	-4.61Cr	-5.11Cr
Interest on Long-Term Debt	-	10L	-	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	25.47L	5.12Cr	2.95Cr	2.25Cr	3.06Cr
Exploration/Drilling Costs	4.8Cr	6.6Cr	14Cr	4.4Cr	3.83Cr
Net Rental Expense, Total	1L	1L	1L	8L	19L
Stock-Based Compensation - Exploration Costs / Drilling Costs, Total	8L	2.7Cr	84.88L	50.33L	1.05Cr
Stock-Based Comp., G&A Exp. (Total)	-	3.34Cr	85.96L	41.22L	97.93L
Stock-Based Comp., Other (Total)	2.63Cr	1.42Cr	13.1L	32.05L	50.69L
Total Stock-Based Compensation	2.71Cr	7.46Cr	1.84Cr	1.24Cr	2.53Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.01Cr	8.49Cr	4.68Cr	68.42L	34.8L
Total Cash And Short Term Investments	1.01Cr	8.49Cr	4.68Cr	68.42L	34.8L
Other Receivables	55.83T	64T	1L	5L	2L
Total Receivables	55.83T	64T	1L	5L	2L
Prepaid Expenses	72.94T	36.22L	26.43L	15.11L	16.02L
Total Current Assets	1.02Cr	8.86Cr	4.96Cr	88.2L	53.31L
Gross Property Plant And Equipment	4.54Cr	4.6Cr	4.7Cr	5.38Cr	5.01Cr
Accumulated Depreciation	-10L	-14.05L	-18.22L	-21.82L	-25.23L
Net Property Plant And Equipment	4.45Cr	4.46Cr	4.52Cr	5.16Cr	4.75Cr
Long-term Investments	-	-	-	84.29L	82.03L
Other Intangibles, Total	-	-	-	-	19.28L
Total Assets	5.47Cr	13Cr	9.48Cr	6.89Cr	6.3Cr
Liabilities
Accounts Payable, Total	43.15L	2.66Cr	4.16Cr	3.13Cr	4.28Cr
Short-term Borrowings	-	-	-	-	1.18Cr
Other Current Liabilities	34.4L	-	-	-	-
Total Current Liabilities	77.55L	2.66Cr	4.16Cr	3.13Cr	5.45Cr
Deferred Tax Liability Non Current	1.07Cr	1.07Cr	1.07Cr	1.07Cr	1.07Cr
Other Non Current Liabilities	-	31.26L	10L	1.6Cr	1.49Cr
Total Liabilities	1.84Cr	4.04Cr	5.33Cr	5.8Cr	8.01Cr
Preferred Stock Convertible	6L	-	-	-	-
Total Preferred Equity	6L	-	-	-	-
Common Stock, Total	15Cr	30Cr	33Cr	44Cr	48Cr
Additional Paid In Capital	4.53Cr	10Cr	18Cr	12Cr	14Cr
Retained Earnings	-16Cr	-30Cr	-48Cr	-55Cr	-63Cr
Comprehensive Income and Other	-12.16L	-12.16L	-12.16L	-12.16L	-12.03L
Total Common Equity	3.57Cr	9.28Cr	4.15Cr	1.09Cr	-1.71Cr
Total Equity	3.63Cr	9.28Cr	4.15Cr	1.09Cr	-1.71Cr
Total Liabilities And Equity	5.47Cr	13Cr	9.48Cr	6.89Cr	6.3Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	16Cr	23Cr	28Cr	32Cr	35Cr
ECS Total Common Shares Outstanding	16Cr	23Cr	27Cr	31Cr	34Cr
Book Value / Share	0.22	0.41	0.16	0.04	-0.05
Tangible Book Value	3.57Cr	9.28Cr	4.15Cr	1.09Cr	-1.9Cr
Tangible Book Value Per Share	0.22	0.41	0.16	0.04	-0.06
Total Debt	0	0	0	0	1.18Cr
Net Debt	-1.01Cr	-8.49Cr	-4.68Cr	-68.42L	82.95L
Debt Equivalent Oper. Leases	9L	10.56L	10.56L	64L	1.52Cr
Equity Method Investments, Total	-	-	-	-	82.03L
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	22.61L	28.21L	38.47L	49.58L	32.94L
Full Time Employees	-	31	39	46	47

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-5.66Cr	-14Cr	-17Cr	-7.38Cr	-8.19Cr
Depreciation & Amortization - CF	6L	5L	4L	4L	4L
Depreciation & Amortization, Total	6L	5L	4L	4L	4L
(Income) Loss On Equity Investments - (CF)	-	-	-	6L	2L
Stock-Based Compensation (CF)	2.71Cr	7.46Cr	1.84Cr	1.24Cr	2.53Cr
Other Operating Activities, Total	61.43T	-83.88L	6.77Cr	17.3L	2L
Change In Accounts Receivable	-1L	-34.79L	9L	7L	1L
Change In Accounts Payable	24.87L	2.2Cr	1.7Cr	-15.61L	1.23Cr
Cash from Operations	-2.65Cr	-5.61Cr	-6.66Cr	-5.96Cr	-4.35Cr
Capital Expenditure	-6L	-4L	-11.69L	-6L	-5L
Cash Acquisitions	-	-34.4L	-	-	-
Cash from Investing	-6L	-38.42L	-11.69L	-6L	-5L
Short Term Debt Issued, Total	-	-	-	-	20L
Long-Term Debt Issued, Total	-	2.6Cr	-	-	1.18Cr
Total Debt Issued	-	2.6Cr	-	-	1.38Cr
Short Term Debt Repaid, Total	-	-	-	-	-20L
Total Debt Repaid	-	-	-	-	-20L
Issuance of Common Stock	2.13Cr	42.36L	3.06Cr	1.62Cr	2.93Cr
Repurchase of Common Stock	-	-	-70T	-	-
Other Financing Activities, Total	-	10Cr	-8L	38.18L	-4L
Cash from Financing	2.13Cr	13Cr	2.97Cr	2.01Cr	4.07Cr
Foreign Exchange Rate Adjustments	-8.12T	10T	53T	51T	-65T
Net Change in Cash	-58.54L	7.48Cr	-3.8Cr	-4Cr	-33.62L
Supplemental Items
Levered Free Cash Flow	-18.88L	-9L	-7.52Cr	-4.26Cr	-1.41Cr
Unlevered Free Cash Flow	-18.88L	-2L	-7.52Cr	-4.26Cr	-1.41Cr
Change In Net Working Capital	-58.97L	-1.53Cr	-1.6Cr	95.32L	-1.15Cr
Net Debt Issued / Repaid	-	2.6Cr	-	-	1.18Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-95.44	-95.97	-95.5	-55.28	-77.04
Return on Total Capital	-156.78	-139.71	-162.11	-172.61	-1.82T
Return On Equity %	-254.86	-219.06	-254.68	-281.48	2.64T
Return on Common Equity	-261.32	-220	-254.68	-281.48	2.64T
Short Term Liquidity
Current Ratio	1.32	3.33	1.19	0.28	0.1
Quick Ratio	1.31	3.2	1.13	0.23	0.07
Operating Cash Flow to Current Liabilities	-3.42	-2.11	-1.6	-1.9	-0.8
Long Term Solvency
Total Debt/Equity	-	-	-	-	-68.79
Total Debt / Total Capital	-	-	-	-	-220.38
Total Liabilities / Total Assets	33.7	30.33	56.21	84.15	127.17
EBIT / Interest Expense	-	-143.76	-	-	-
EBITDA / Interest Expense	-	-143.31	-	-	-
(EBITDA - Capex) / Interest Expense	-	-143.71	-	-	-
Total Debt / EBITDA	-	-	-	-	-0.15
Net Debt / EBITDA	0.18	0.59	0.27	0.09	-0.1
Total Debt / (EBITDA - Capex)	-	-	-	-	-0.14
Net Debt / (EBITDA - Capex)	0.18	0.59	0.27	0.09	-0.1
Growth Over Prior Year
EBITDA, 1 Yr. Growth %	32.21	156.48	20.85	-58.53	12.35
EBITA, 1 Yr. Growth %	32.48	154.73	20.76	-58.42	12.29
EBIT, 1 Yr. Growth %	32.48	154.73	20.76	-58.43	12.29
Earnings From Cont. Operations, 1 Yr. Growth %	31.48	149.51	20.99	-56.84	11.06
Net Income, 1 Yr. Growth %	31.48	149.51	20.99	-56.84	11.06
Normalized Net Income, 1 Yr. Growth %	31.48	139.97	25.75	-56.85	10.79
Diluted EPS Before Extra, 1 Yr. Growth %	11.94	117.42	3.3	-63.52	-0.4
Net Property, Plant and Equip., 1 Yr. Growth %	1.83T	0.24	1.37	14.33	-4.94
Total Assets, 1 Yr. Growth %	198.44	143.44	-28.81	-27.31	-8.56
Tangible Book Value, 1 Yr. Growth %	367.48	159.78	-55.25	-73.69	-305.35
Common Equity, 1 Yr. Growth %	367.48	159.78	-55.25	-73.69	-256.79
Cash From Operations, 1 Yr. Growth %	75.96	111.41	18.8	-10.56	-27.03
Capital Expenditures, 1 Yr. Growth %	-71.4	-33.77	190.8	-50.56	-10.9
Levered Free Cash Flow, 1 Yr. Growth %	-	-64.48	8.62T	-41.99	-66.93
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-90.31	31.75T	-41.99	-66.93
Compound Annual Growth Rate Over Two Years
EBITDA, 2 Yr. CAGR %	-	85.58	76.05	-29.21	-31.74
EBITA, 2 Yr. CAGR %	-	85.12	75.39	-29.15	-31.67
EBIT, 2 Yr. CAGR %	-	85.12	75.39	-29.15	-31.67
Earnings From Cont. Operations, 2 Yr. CAGR %	-	81.12	73.75	-27.74	-30.77
Net Income, 2 Yr. CAGR %	-	81.12	73.75	-27.74	-30.77
Normalized Net Income, 2 Yr. CAGR %	-	77.63	73.71	-26.34	-30.86
Diluted EPS Before Extra, 2 Yr. CAGR %	-	44.98	49.92	-38.62	-40.24
Net Property, Plant and Equip., 2 Yr. CAGR %	-	340.15	0.8	7.65	2.58
Total Assets, 2 Yr. CAGR %	-	169.54	31.65	-28.06	-18.47
Tangible Book Value, 2 Yr. CAGR %	-	248.48	7.82	-65.69	-32.26
Common Equity, 2 Yr. CAGR %	-	248.48	7.82	-65.69	-35.78
Cash From Operations, 2 Yr. CAGR %	-	92.88	58.48	3.06	-19.21
Capital Expenditures, 2 Yr. CAGR %	-	-56.49	38.78	19.91	-33.63
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	456.73	602.86	-56.2
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	456.73	1.24T	-56.2
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	-	-	60.85	8.73	-17.43
EBITA, 3 Yr. CAGR %	-	-	60.55	8.54	-17.39
EBIT, 3 Yr. CAGR %	-	-	60.55	8.54	-17.39
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	58.33	9.22	-16.61
Net Income, 3 Yr. CAGR %	-	-	58.33	9.22	-16.61
Normalized Net Income, 3 Yr. CAGR %	-	-	58.31	9.2	-15.6
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	29.52	-6.41	-28.28
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	169.79	5.12	2.17
Total Assets, 3 Yr. CAGR %	-	-	72.94	8	-22.07
Tangible Book Value, 3 Yr. CAGR %	-	-	75.81	-32.63	-41
Common Equity, 3 Yr. CAGR %	-	-	75.81	-32.63	-43.07
Cash From Operations, 3 Yr. CAGR %	-	-	64.11	30.95	-8.15
Capital Expenditures, 3 Yr. CAGR %	-	-	-18.04	-1.62	8.61
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	159.97	153.73
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	159.97	290.84
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	-	-	-	-	14.16
EBITA, 5 Yr. CAGR %	-	-	-	-	14.08
EBIT, 5 Yr. CAGR %	-	-	-	-	14.08
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	13.73
Net Income, 5 Yr. CAGR %	-	-	-	-	13.73
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	13.66
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-4.94
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	83.25
Total Assets, 5 Yr. CAGR %	-	-	-	-	28.02
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	20.05
Common Equity, 5 Yr. CAGR %	-	-	-	-	17.52
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	23.58
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	-24.67