TMC: Tmc The Metals Co Inc Financial Statements

Balance sheet, income statement, and cash flow statements for Tmc The Metals Co Inc (TMC).

OverviewDividends

$363.17M Market Cap.

As of 05/15/2025 5:00 PM ET (MRY) • Disclaimer

TMC Market Cap. (MRY)


TMC Shares Outstanding (MRY)


TMC Assets (MRY)


Total Assets

$63.00M

Total Liabilities

$80.12M

Total Investments

$8.20M

TMC Income (MRY)


Revenue

$0

Net Income

-$81.94M

Operating Expense

$81.29M

TMC Cash Flow (MRY)


CF Operations

-$43.47M

CF Investing

-$515.00K

CF Financing

$40.69M

TMC Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$62,998,000 (-8.56%)

$68,896,000 (-27.31%)

$94,777,000 (-28.81%)

$133,125,000 (143.44%)

Assets Current

$5,331,000 (-39.56%)

$8,820,000 (-82.22%)

$49,602,000 (-43.99%)

$88,559,000 (766.10%)

Assets Non-Current

$57,667,000 (-4.01%)

$60,076,000 (32.99%)

$45,175,000 (1.37%)

$44,566,000 (0.24%)

Goodwill & Intangible Assets

$1,928,000 (-95.70%)

$44,793,000 (3.81%)

$43,150,000 (0.00%)

$43,150,000 (0.00%)

Shareholders Equity

-$17,118,000 (-256.79%)

$10,918,000 (-73.69%)

$41,505,000 (-55.25%)

$92,751,000 (155.84%)

Property Plant & Equipment Net

$47,536,000 (593.55%)

$6,854,000 (238.47%)

$2,025,000 (43.01%)

$1,416,000 (8.09%)

Cash & Equivalents

$3,480,000 (-49.14%)

$6,842,000 (-85.40%)

$46,876,000 (-44.77%)

$84,873,000 (740.66%)

Accumulated Other Comprehensive Income

-$1,203,000 (1.07%)

-$1,216,000 (0.00%)

-$1,216,000 (0.00%)

-$1,216,000 (0.00%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$8,203,000 (-2.68%)

$8,429,000 (0%)

$0 (0%)

$0 (0%)

Investments Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Non-Current

$8,203,000 (-2.68%)

$8,429,000 (0%)

$0 (0%)

$0 (0%)

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$1,851,000 (-6.42%)

$1,978,000 (-27.44%)

$2,726,000 (-26.04%)

$3,686,000 (2757.36%)

Trade & Non-Trade Payables

$42,754,000 (36.45%)

$31,334,000 (-24.70%)

$41,614,000 (56.60%)

$26,573,000 (515.69%)

Accumulated Retained Earnings (Deficit)

-$631,435,000 (-15.04%)

-$548,902,000 (-15.53%)

-$475,121,000 (-56.21%)

-$304,157,000 (-86.76%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$10,675,000 (0.00%)

$10,675,000 (0.00%)

$10,675,000 (0.00%)

$10,675,000 (0.00%)

Total Debt

$11,775,000 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Debt Current

$11,775,000 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Debt Non-Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Liabilities

$80,116,000 (38.18%)

$57,978,000 (8.83%)

$53,272,000 (31.95%)

$40,374,000 (119.05%)

Liabilities Current

$54,529,000 (74.03%)

$31,334,000 (-24.70%)

$41,614,000 (56.60%)

$26,573,000 (242.61%)

Liabilities Non-Current

$25,587,000 (-3.97%)

$26,644,000 (128.55%)

$11,658,000 (-15.53%)

$13,801,000 (29.28%)

TMC Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Cost of Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Selling General & Administrative Expense

$30,644,000 (35.95%)

$22,540,000 (-23.64%)

$29,518,000 (-47.83%)

$56,583,000 (632.66%)

Research & Development Expense

$50,643,000 (1.59%)

$49,849,000 (-65.53%)

$144,599,000 (55.47%)

$93,006,000 (90.27%)

Operating Expenses

$81,287,000 (12.29%)

$72,389,000 (-58.43%)

$174,117,000 (16.40%)

$149,589,000 (164.27%)

Interest Expense

$2,602,000 (233.16%)

$781,000 (0%)

$0 (0%)

$1,003,000 (1992.45%)

Income Tax Expense

$48,000 (17.07%)

$41,000 (-46.75%)

$77,000 (0%)

$0 (0%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

-$81,943,000 (-11.06%)

-$73,781,000 (56.84%)

-$170,964,000 (-20.99%)

-$141,299,000 (-149.51%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

-$81,943,000 (-11.06%)

-$73,781,000 (56.84%)

-$170,964,000 (-20.99%)

-$141,299,000 (-149.51%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

-$81,943,000 (-11.06%)

-$73,781,000 (56.84%)

-$170,964,000 (-20.99%)

-$141,299,000 (-149.51%)

Weighted Average Shares

$321,875,050 (11.51%)

$288,643,700 (20.33%)

$239,867,019 (17.05%)

$204,926,931 (14.76%)

Weighted Average Shares Diluted

$321,875,050 (11.51%)

$288,643,700 (20.33%)

$239,867,019 (17.05%)

$204,926,931 (14.76%)

Earning Before Interest & Taxes (EBIT)

-$79,293,000 (-8.68%)

-$72,959,000 (57.31%)

-$170,887,000 (-21.80%)

-$140,296,000 (-147.51%)

Gross Profit

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Income

-$81,287,000 (-12.29%)

-$72,389,000 (58.43%)

-$174,117,000 (-16.40%)

-$149,589,000 (-164.27%)

TMC Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$515,000 (10.90%)

-$578,000 (50.56%)

-$1,169,000 (69.57%)

-$3,842,000 (-532.95%)

Net Cash Flow from Financing

$40,686,000 (102.76%)

$20,066,000 (-32.49%)

$29,722,000 (-77.93%)

$134,701,000 (532.64%)

Net Cash Flow from Operations

-$43,468,000 (27.03%)

-$59,573,000 (10.56%)

-$66,603,000 (-18.74%)

-$56,092,000 (-111.41%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$3,297,000 (91.77%)

-$40,085,000 (-5.35%)

-$38,050,000 (-150.89%)

$74,767,000 (1378.72%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

-$3,440,000 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Capital Expenditure

-$515,000 (10.90%)

-$578,000 (50.56%)

-$1,169,000 (-190.80%)

-$402,000 (33.77%)

Issuance (Repayment) of Debt Securities

$11,775,000 (0%)

$0 (0%)

$0 (0%)

$26,000,000 (0%)

Issuance (Purchase) of Equity Shares

$29,268,000 (81.43%)

$16,132,000 (-47.26%)

$30,589,000 (-71.86%)

$108,701,000 (410.53%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

-$65,000 (-227.45%)

$51,000 (-3.77%)

$53,000 (430.00%)

$10,000 (225.00%)

Share Based Compensation

$25,313,000 (104.80%)

$12,360,000 (-38.44%)

$20,077,000 (0%)

$0 (0%)

Depreciation Amortization & Accretion

$2,269,000 (96.45%)

$1,155,000 (176.32%)

$418,000 (-7.73%)

$453,000 (-19.54%)

TMC Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

-

-

-

-

Profit Margin

-

-

-

-

EBITDA Margin

-

-

-

-

Return on Average Equity (ROAE)

706.60% (497.19%)

-177.90% (28.73%)

-249.60% (-6.35%)

-234.70% (52.12%)

Return on Average Assets (ROAA)

-130.90% (-40.60%)

-93.10% (42.17%)

-161.00% (-20.15%)

-134.00% (-290.67%)

Return on Sales (ROS)

-

-

-

-

Return on Invested Capital (ROIC)

531.10% (-62.35%)

1410.60% (46.27%)

964.40% (-82.44%)

5492.30% (14477.75%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

-4.48 (-5.89%)

-4.23 (-289.95%)

-1.08 (64.00%)

-3.01 (-108.96%)

Price to Sales Ratio (P/S)

-

-

-

-

Price to Book Ratio (P/B)

-21.22 (-169.01%)

30.75 (524.14%)

4.93 (-2.49%)

5.05 (-54.61%)

Debt to Equity Ratio (D/E)

-4.68 (-188.14%)

5.31 (313.55%)

1.28 (195.17%)

0.43 (-14.37%)

Earnings Per Share (EPS)

-0.25 (3.85%)

-0.26 (63.38%)

-0.71 (-2.90%)

-0.69 (-315.63%)

Sales Per Share (SPS)

0 (0%)

0 (0%)

0 (0%)

0 (0%)

Free Cash Flow Per Share (FCFPS)

-0.14 (34.13%)

-0.21 (26.50%)

-0.28 (-2.54%)

-0.28 (-81.58%)

Book Value Per Share (BVPS)

-0.05 (-239.47%)

0.04 (-78.03%)

0.17 (-61.81%)

0.45 (123.15%)

Tangible Assets Book Value Per Share (TABVPS)

0.19 (126.19%)

0.08 (-60.93%)

0.21 (-51.03%)

0.44 (575.38%)

Enterprise Value Over EBIT (EV/EBIT)

-5 (-25.00%)

-4 (-300.00%)

-1 (66.67%)

-3 (57.14%)

Enterprise Value Over EBITDA (EV/EBITDA)

-4.83 (-10.75%)

-4.36 (-440.40%)

-0.81 (68.29%)

-2.54 (64.46%)

Asset Turnover

0 (0%)

0 (0%)

0 (0%)

0 (0%)

Current Ratio

0.1 (-65.12%)

0.28 (-76.43%)

1.19 (-64.24%)

3.33 (152.88%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

-$43,983,000 (26.88%)

-$60,151,000 (11.25%)

-$67,772,000 (-19.96%)

-$56,494,000 (-108.17%)

Enterprise Value (EV)

$371,989,170 (18.80%)

$313,129,762 (127.58%)

$137,588,153 (-61.34%)

$355,899,296 (-11.43%)

Earnings Before Tax (EBT)

-$81,895,000 (-11.06%)

-$73,740,000 (56.85%)

-$170,887,000 (-20.94%)

-$141,299,000 (-149.51%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$77,024,000 (-7.27%)

-$71,804,000 (57.88%)

-$170,469,000 (-21.90%)

-$139,843,000 (-149.18%)

Invested Capital

$14,836,000 (205.42%)

-$14,073,000 (61.82%)

-$36,863,000 (-71.69%)

-$21,471,000 (-239.89%)

Working Capital

-$49,198,000 (-118.52%)

-$22,514,000 (-381.85%)

$7,988,000 (-87.11%)

$61,986,000 (2410.57%)

Tangible Asset Value

$61,070,000 (153.37%)

$24,103,000 (-53.31%)

$51,627,000 (-42.62%)

$89,975,000 (680.02%)

Market Capitalization

$363,174,170 (8.19%)

$335,677,762 (64.18%)

$204,460,153 (-56.36%)

$468,539,296 (16.12%)

Average Equity

-$11,596,000 (-127.96%)

$41,470,500 (-39.45%)

$68,489,750 (13.78%)

$60,197,137 (421.06%)

Average Assets

$62,603,000 (-20.99%)

$79,231,250 (-25.39%)

$106,192,250 (0.72%)

$105,437,110 (-36.08%)

Invested Capital Average

-$14,930,750 (-188.67%)

-$5,172,250 (70.81%)

-$17,720,250 (-593.71%)

-$2,554,428 (-101.72%)

Shares

324,262,652 (6.26%)

305,161,602 (14.92%)

265,532,666 (17.88%)

225,259,277 (500.69%)