TMC the metals (TMC) Operating Expenses (2020 - 2026)
TMC the metals' (TMC) quarterly Operating Expenses came in at $5.8 million in Q2 2026, up 7975.0% on a YoY basis from $72000.0 in Q2 2025, and down 86.99% quarter-over-quarter from $44.7 million in Q4 2025.
Analysis
TMC the metals (TMC) Operating Expenses (2020 - 2026) Analysis & Trends
TMC the metals (TMC) has reported Operating Expenses for 7 consecutive years, with $5.8 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 7975.0% year-over-year to $5.8 million; the trailing twelve-month figure through Jun 2026 stood at $106.0 million (up 94.77% YoY), and the FY2025 full-year result was $6.6 million, up 456.66% from the prior year.
- Operating Expenses retreated to $5.8 million in Q2 2026 per TMC's latest filing, from $44.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $111.3 million in Q4 2022 and bottomed at $72000.0 in Q2 2025.
- Historically, Operating Expenses has averaged $26.6 million across 5 years, with a median of $18.3 million in 2022.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses slumped 99.65% in 2025, then surged 7975.0% in 2026.
- Over 5 years, Operating Expenses stood at $111.3 million in 2022, then sank by 70.11% to $33.3 million in 2023, then tumbled by 50.85% to $16.3 million in 2024, then jumped by 173.46% to $44.7 million in 2025, then slumped by 86.99% to $5.8 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $5.8 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) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 162.38 Bn | 155.05 Bn | 2.90 Bn | 1.67 Bn |
| 2 | Freeport-Mcmoran | 102.03 Bn | 97.95 Bn | 2.19 Bn | 5.03 Bn |
| 3 | Teck Resources | 32.36 Bn | 27.16 Bn | 1.21 Bn | -76.63 Mn |
| 4 | Carpenter Technology | 22.44 Bn | 22.05 Bn | 268.90 Mn | 62.00 Mn |
| 5 | Hudbay Minerals | 10.56 Bn | 9.52 Bn | 269.00 Mn | 39.10 Mn |
| 6 | Ero Copper | 3.66 Bn | 3.56 Bn | 121.42 Mn | -12.54 Mn |
| 7 | Almonty Industries | 3.50 Bn | 2.61 Bn | 18.87 Mn | 10.86 Mn |
| 8 | TMC the metals | 1.77 Bn | 1.67 Bn | - | 5.81 Mn |
| 9 | Nexa Resources | 1.77 Bn | 1.37 Bn | 257.20 Mn | -60.76 Mn |
| 10 | Ivanhoe Electric | 1.66 Bn | 1.66 Bn | 368,000.00 | 22.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.81 Mn |
| Dec 31, 2025 | 44.71 Mn |
| Sep 30, 2025 | 55.36 Mn |
| Jun 30, 2025 | 72,000.00 |
| 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 | 28.70 Mn |