TMC the metals (TMC) EBT (2020 - 2026)
TMC the metals' (TMC) quarterly EBT came in at -$40.4 million in Q4 2025, down 152.15% YoY from $77.4 million in Q4 2024, and up 78.1% on a QoQ basis from -$184.4 million in Q3 2025.
TMC the metals (TMC) EBT (2020 - 2026) Analysis & Trends
TMC the metals (TMC) has 6 years of EBT data on file, last reported at -$40.4 million in Q4 2025.
- Quarterly EBT fell 152.15% year-over-year to -$40.4 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$265.4 million (down 225.43% YoY) and the FY2025 annual result came in at -$319.7 million, down 290.38% from the prior year.
- EBT grew to -$40.4 million in Q4 2025, from -$184.4 million in the prior quarter.
- In the past five years, EBT ranged from a high of -$12.5 million in Q3 2023 to a low of -$184.4 million in Q3 2025.
- A 5-year average of -$38.2 million and a median of -$23.4 million in 2024 frame the typical range for EBT.
- Annual changes were most pronounced in 2021 — EBT slumped 2278.83% — and 2022, when it soared 71.32%.
- Tracing TMC's EBT over 5 years: stood at -$45.7 million in 2021, then slumped by 147.03% to -$112.9 million in 2022, then surged by 70.39% to -$33.4 million in 2023, then soared by 52.08% to -$16.0 million in 2024, then slumped by 152.15% to -$40.4 million in 2025.
- The last three EBT figures came in at -$40.4 million (Q4 2025), -$184.4 million (Q3 2025), and -$22.1 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Bhp | 238.03 Bn | 208.58 Bn | - | - |
| 2 | Rio Tinto | 201.39 Bn | 191.89 Bn | - | - |
| 3 | Teck Resources | 32.48 Bn | 27.27 Bn | 1.21 Bn | 1.05 Bn |
| 4 | MP Materials | 9.79 Bn | 7.32 Bn | 36.20 Mn | -29.34 Mn |
| 5 | Almonty Industries | 5.05 Bn | 4.16 Bn | 18.87 Mn | 135.94 Mn |
| 6 | Materion | 4.85 Bn | 4.83 Bn | 104.34 Mn | 44.50 Mn |
| 7 | Skeena Resources | 4.31 Bn | 3.89 Bn | - | 25.46 Mn |
| 8 | USA Rare Earth | 3.94 Bn | 3.94 Bn | -1.58 Mn | -12.48 Mn |
| 9 | Evolution Metals & Technologies | 2.06 Bn | 2.06 Bn | -115,000.00 | -11.96 Mn |
| 10 | TMC the metals | 1.71 Bn | 1.61 Bn | - | -60.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -60.01 Mn |
| Dec 31, 2025 | -40.38 Mn |
| Sep 30, 2025 | -184.39 Mn |
| Jun 30, 2025 | -22.08 Mn |
| Mar 31, 2025 | -18.57 Mn |
| Dec 31, 2024 | -16.01 Mn |
| Sep 30, 2024 | -20.52 Mn |
| Jun 30, 2024 | -20.35 Mn |
| Mar 31, 2024 | -24.68 Mn |
| Dec 31, 2023 | -33.42 Mn |
| Sep 30, 2023 | -12.47 Mn |
| Jun 30, 2023 | -14.11 Mn |
| Mar 31, 2023 | -13.75 Mn |
| Dec 31, 2022 | -112.86 Mn |
| Sep 30, 2022 | -28.61 Mn |
| Jun 30, 2022 | -18.33 Mn |
| Mar 31, 2022 | -15.91 Mn |
| Dec 31, 2021 | -45.69 Mn |
| Sep 30, 2021 | -37.18 Mn |
| Jun 30, 2021 | -28.67 Mn |