TMC the metals (TMC) Operating Expenses (2020 - 2026)
TMC the metals (TMC) reported Operating Expenses of $5.81 million for Q2 2026, compared with $72,000 a year earlier.
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Analysis
TMC the metals (TMC) Operating Expenses (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, TMC the metals' Operating Expenses came in at $105.95 million, up 94.8% year-over-year; for FY2025, it came in at $6.64 million, up 456.7% from FY2024.
- Operating Expenses has a five-year compound annual growth rate of -34.9% (FY2020 to FY2025).
- By year, Operating Expenses came in at $1.19 million in FY2024 (-98.4%), $72.39 million in FY2023 (-58.4%), $174.12 million in FY2022 (+16.4%) and $149.59 million in FY2021 (+164.3%).
- Five-year quarterly Operating Expenses spans a low of $72,000 in Q2 2025 and a high of $111.28 million in Q4 2022.
- Year over year, Operating Expenses gained in three of the last six quarters, with growth averaging 38.8%.
- The high point for year-over-year Operating Expenses in five years was Q3 2021 (growth of 451.0%); the low point was Q2 2025 (a decline of 99.6%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - | - |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn | 1.67 Bn |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn | 3.02 Bn |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn | -427.80 Mn |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn | 5.03 Bn |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn | 57.95 Mn |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn | 165.00 Mn |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn | 405.00 Mn |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - | -780.00 Mn |
| 10 | TMC the metals | 1.69 Bn | 1.25 Bn | - | 5.81 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 | 28.67 Mn |
API Access
TMC the metals Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=TMC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "TMC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=TMC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();