TMC the metals TMC
NASDAQ TMC
$4.28 -0.15 (-3.39%)
As of: Sep 9, 2026 · 3:59 PM EDT

TMC the metals (TMC) EBITDA (2020 - 2026)

TMC the metals' (TMC) quarterly EBITDA came in at -$71.7 million in Q2 2026, down 226.36% on a YoY basis from $56.8 million in Q2 2025, and down 60.42% quarter-over-quarter from -$44.7 million in Q4 2025.

Analysis

TMC the metals (TMC) EBITDA (2020 - 2026) Analysis & Trends

TMC the metals (TMC) has reported EBITDA for 7 consecutive years, with -$71.7 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, EBITDA fell 226.36% year-over-year to -$71.7 million; the trailing twelve-month figure through Jun 2026 stood at -$193.8 million (down 153.94% YoY), and the FY2025 full-year result was -$140.1 million, down 72.3% from the prior year.
  • EBITDA slipped to -$71.7 million in Q2 2026 per TMC's latest filing, from -$44.7 million in the prior quarter.
  • Across five years, EBITDA topped out at -$12.5 million in Q3 2023 and bottomed at -$111.3 million in Q4 2022.
  • Historically, EBITDA has averaged -$31.7 million across 5 years, with a median of -$20.3 million in 2024.
  • The widest YoY moves for EBITDA: up 71.32% in 2022, down 293.62% in 2022.
  • Over 5 years, EBITDA stood at -$111.3 million in 2022, then surged by 70.11% to -$33.3 million in 2023, then jumped by 50.85% to -$16.3 million in 2024, then plunged by 173.46% to -$44.7 million in 2025, then plunged by 60.42% to -$71.7 million in 2026.
  • According to Business Quant data, EBITDA over the past three periods registered -$71.7 million, -$44.7 million, and -$55.4 million for Q2 2026, Q4 2025, and Q3 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Southern Copper 174.97 Bn 167.64 Bn 2.90 Bn 2.62 Bn
2 Freeport-Mcmoran 109.93 Bn 105.85 Bn 2.19 Bn 2.00 Bn
3 Teck Resources 32.69 Bn 28.21 Bn 1.21 Bn 1.18 Bn
4 Carpenter Technology 22.96 Bn 22.57 Bn 268.90 Mn 206.90 Mn
5 Hudbay Minerals 11.39 Bn 10.34 Bn 269.00 Mn 219.70 Mn
6 Ero Copper 3.97 Bn 3.87 Bn 121.42 Mn 107.82 Mn
7 Almonty Industries 3.80 Bn 2.92 Bn 18.87 Mn 18.87 Mn
8 Nexa Resources 1.89 Bn 1.49 Bn 257.20 Mn 285.90 Mn
9 TMC the metals 1.86 Bn 1.76 Bn - -71.72 Mn
10 Ivanhoe Electric 1.73 Bn 1.73 Bn 368,000.00 -21.48 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -71.72 Mn
Dec 31, 2025 -44.71 Mn
Sep 30, 2025 -55.36 Mn
Jun 30, 2025 -21.98 Mn
Mar 31, 2025 -18.02 Mn
Dec 31, 2024 -16.35 Mn
Sep 30, 2024 -19.96 Mn
Jun 30, 2024 -20.30 Mn
Mar 31, 2024 -24.68 Mn
Dec 31, 2023 -33.26 Mn
Sep 30, 2023 -12.52 Mn
Jun 30, 2023 -13.23 Mn
Mar 31, 2023 -13.38 Mn
Dec 31, 2022 -111.28 Mn
Sep 30, 2022 -28.61 Mn
Jun 30, 2022 -18.33 Mn
Mar 31, 2022 -15.91 Mn
Dec 31, 2021 -28.27 Mn
Sep 30, 2021 -37.18 Mn
Jun 30, 2021 -28.67 Mn