TMC the metals company Inc. reported a net loss of $184.5 million and an operating loss of $55.4 million for the third quarter of 2025. The results were significantly impacted by non-cash and non-recurring items, including share-based compensation, fair value changes in royalty and warrant liabilities, and warrant costs. The company ended the quarter with $115.6 million in cash and highlighted progress in its Pre-Feasibility Study and regulatory advancements for deep-sea mineral recovery.

The Metals Company reported a net loss of $74.3 million with no revenue in Q2 2025. The loss was primarily attributed to non-cash expenses including warrant issuance and fair value adjustments. However, the company secured over $120 million in new equity financing and achieved key regulatory and strategic milestones for its NORI-D seabed mining project.

TMC the metals company Inc. incurred a net loss of $20,588,000 or $0.06 per share for Q1 2025. Cash used in operations totaled $9,347,000 and the company ended the quarter with $2,346,000 in cash. The reported loss reflects ongoing exploration, share-based compensation, and general administrative expenses.

The Metals Company reported a net loss of $20.5 million, or $0.06 per share, for the quarter ended September 30, 2024, compared to a net loss of $12.5 million, or $0.04 per share, for the quarter ended September 30, 2023.

The Metals Company reported a net loss of $20.2 million, or $0.06 per share, for the second quarter ended June 30, 2024. The company held cash of approximately $0.5 million and short-term debt of $5.9 million as of June 30, 2024.

TMC reported a net loss of $25.2 million for Q1 2024, compared to a net loss of $13.7 million for Q1 2023. Exploration and evaluation expenses increased due to mining, technological, and process development costs.

TMC reported a net loss of $33.5 million for Q4 2023, an improvement compared to the $109.6 million loss in Q4 2022. The decrease in net loss was primarily due to a reduction in exploration and evaluation expenses. The company held $6.8 million in cash at the end of the quarter and believes its cash on hand and borrowing availability will be sufficient for the next twelve months.

TMC reported a net loss of $12.5 million for the quarter ended September 30, 2023. The company is focusing on its NORI-D contract area and targeting commercial production as early as Q4 2025. They are currently working on the pre-feasibility study and Environmental Impact Statement.

TMC reported a net loss of $14.1 million, or $0.05 per share, for the quarter ended June 30, 2023. The company held $20.0 million in cash and no debt as of June 30, 2023. They believe that their cash on hand and expected proceeds will be sufficient to meet the commitments for at least the next twelve months.

TMC reported net income of approximately $0 for the quarter ended March 31, 2023, compared to a net loss of $21.1 million for the quarter ended March 31, 2022. The first quarter 2023 results include a gain of approximately $14 million on the sale of a 2% royalty on the NORI asset to Low Carbon Royalties. At March 31, 2023, TMC held cash of $28.4 million and held no debt.

TMC reported a net loss of $109.6 million for the fourth quarter of 2022, with cash holdings of $46.8 million and no debt. The loss was primarily driven by increased exploration and evaluation expenses related to Allseas warrants and share issuances.

TMC held cash of $46.3 million and reported a net loss of $12.4 million, or $0.05 per share, for the second quarter of 2022.

TMC reported a net loss of $21.1 million for Q1 2022, with cash holdings of $69.0 million and no debt.

TMC reported a net loss for the fourth quarter of 2021 of $19.8 million, or $0.09 per share, compared to TMC’s net loss of $17.1 million, or $0.09 per share, for the fourth quarter of 2020.