The Metals Company (TMC)
Develops systems to collect and process polymetallic nodules from the deep seabed.
$4.65
Pre-market+0.07 (+1.46%)
At close$4.58(+2.87%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 13 | 33 | 25 | 20 | 20 | 16 | 18 | 22 | 55 | 45 | 34 | 72 | |
| Research & development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 56 |
| 5 | 33 | 7 | 8 | 8 | 16 | 9 | 11 | 46 | 29 | 21 | 16 | |
| Selling & marketing | 0 | 27 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & administrative | 5 | 7 | 7 | 8 | 8 | 0 | 9 | 11 | 46 | 29 | 21 | 16 |
| Other expenses | 8 | 0 | 18 | 12 | 12 | 0 | 10 | 10 | 10 | 16 | 13 | 0 |
| Operating income | −13 | −33 | −25 | −20 | −20 | −16 | −18 | −22 | −55 | −45 | −34 | −72 |
| 0 | −14 | −1 | 0 | −1 | 0 | −3 | −52 | −129 | 4 | 13 | 12 | |
| Interest income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Interest expense | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other non-operating income | 0 | 14 | 0 | −1 | 0 | −2 | 2 | 52 | 128 | −5 | −14 | −12 |
| Income before tax | −12 | −47 | −25 | −20 | −21 | −16 | −21 | −74 | −184 | −40 | −21 | −60 |
| Income tax expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income from continuing operations | −12 | −47 | −25 | −20 | −21 | −16 | −21 | −74 | −185 | −40 | −21 | −60 |
| Net income | −12 | −47 | −25 | −20 | −21 | −16 | −21 | −74 | −185 | −40 | −21 | −60 |
| EPS, basic | −$0.04 | −$0.15 | −$0.08 | −$0.06 | −$0.06 | −$0.05 | −$0.06 | −$0.20 | −$0.57 | −$0.10 | −$0.05 | −$0.14 |
| EPS, diluted | −$0.04 | −$0.15 | −$0.08 | −$0.06 | −$0.06 | −$0.05 | −$0.06 | −$0.20 | −$0.57 | −$0.10 | −$0.05 | −$0.14 |
| Weighted average shares, basic | 295 | 307 | 312 | 321 | 324 | 322 | 345 | 367 | 322 | 385 | 322 | 433 |
| Weighted average shares, diluted | 295 | 307 | 312 | 321 | 324 | 322 | 345 | 367 | 322 | 385 | 322 | 433 |
| EBITDA | −12 | −47 | −25 | −20 | −20 | −15 | −20 | −73 | −184 | −40 | −20 | −59 |
| Depreciation & amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT | −12 | −47 | −25 | −20 | −20 | −15 | −20 | −74 | −184 | −40 | −20 | −59 |
