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TMC the metals company Inc.

TMC

TMC the metals company Inc. is a deep-seabed minerals developer focused on the collection and processing of polymetallic nodules found in the Clarion Clipperton Zone of the Pacific Ocean.

Market cap
$1.78B-31.9%
Net income-$319.9M-314%
Free cash flow-$34.3M+16.7%
EPS (diluted)$0.79+259%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 13, 2026 (In 3 weeks)
EPS estimate-$0.06

Financials

Q1 2026

Income statement

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Operating income-$34.0M-88.6%
Net income-$20.6M-0.1%
EPS (diluted)$0.05-16.7%

Balance sheet

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Cash & equivalents$119.7M+5,002%
Total equity-$27.3M-63.1%
Total assets$184.9M+187%

Cash flow

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Operating cash flow-$615.0K+93.4%
CapEx$35.0K-50.0%
Free cash flow-$650.0K+93.1%

Competitors

Profile

TMC the metals company Inc. is a deep-seabed minerals developer focused on the collection and processing of polymetallic nodules found in the Clarion Clipperton Zone of the Pacific Ocean. These nodules contain high concentrations of nickel, copper, cobalt, and manganese, which are critical for strategic sectors such as semiconductors, AI data centers, and defense. The company aims to establish a domestic supply chain for these minerals to reduce reliance on foreign refining and minimize the environmental and social impacts associated with traditional land-based mining.

Competitive position

TMC holds the world’s first mineral reserves for a seafloor polymetallic nodule project and controls significant estimated undeveloped resources of critical metals.

GeographiesUnited States, Japan, Nauru, Tonga, International Waters
Customer segmentsIndustrial manufacturers, Government agencies, Technology companies
Business modelResource extraction, Vertically integrated processing
SuppliersOffshore engineering contractors, Marine vessel operators, Metallurgical testing facilities, Environmental consultancy services
CustomersElectric vehicle battery producers, Specialty steel manufacturers, Defense industrial base, Commodity trading firms
CountryCanada
Listed2021
Employees46.0
CEOGerard Barron
Websitemetals.co
FilingsSEC EDGAR

Questions, answered.

What is TMC the metals company Inc.'s market cap?
TMC the metals company Inc. (TMC) has a market capitalization of $1.8B and trades on NASDAQ.
Who are TMC the metals company Inc.'s competitors?
TMC the metals company Inc.'s key competitors include Freeport-McMoRan, Trilogy Metals Inc, U.S. Gold Corp. Common Stock, and others. These companies compete in similar markets and product categories.
Who does TMC the metals company Inc. partner with?
TMC the metals company Inc.'s notable partners include Allseas, Pacific Metals Co. Ltd., Korea Zinc, and others.
What subsidiaries does TMC the metals company Inc. have?
TMC the metals company Inc.'s subsidiaries include Nauru Ocean Resources Inc., Tonga Offshore Mining Limited, The Metals Company USA, LLC.
Where is TMC the metals company Inc. headquartered?
TMC the metals company Inc. is headquartered in Canada and employs approximately 46 people. It has been publicly traded since 2021.