TMC the metals (TMC) Operating Expenses (2020 - 2025)

TMC the metals has reported Operating Expenses for 6 years, with the latest figure at $44.7 million in Q4 2025.

• For the quarter ending Q4 2025, Operating Expenses rose 173.46% year-over-year to $44.7 million; the trailing twelve-month figure through Dec 2025 stood at $140.1 million (up 72.3% YoY), and the FY2025 full-year result was $6.6 million, up 456.66% from the prior year.
• Operating Expenses for Q4 2025 stood at $44.7 million, down from $55.4 million in the prior quarter.
• The five-year high for Operating Expenses was $111.3 million in Q4 2022, with the low at $12.5 million in Q3 2023.
• Historically, Operating Expenses has averaged $30.9 million across 5 years, with a median of $23.3 million in 2024.
• Annual changes were most pronounced in 2021 — Operating Expenses jumped 8664.36% — and 2022, when it slumped 71.34%.
• TMC the metals' Operating Expenses stood at $28.3 million in 2021, then jumped by 293.62% to $111.3 million in 2022, then tumbled by 70.11% to $33.3 million in 2023, then sank by 50.85% to $16.3 million in 2024, then surged by 173.46% to $44.7 million in 2025.
• The last three Operating Expenses figures came in at $44.7 million (Q4 2025), $55.4 million (Q3 2025), and $22.0 million (Q2 2025), per Business Quant data.