TMC the metals TMC
NASDAQ TMC
$4.09 -0.19 (-4.44%)
As of: Sep 10, 2026 · 1:29 PM EDT

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

Historic Data

Download Data
DateValue
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