TMC the metals (TMC) Operating Income (2020 - 2026)
TMC the metals' (TMC) quarterly Operating Income came in at -$44.7 million in Q4 2025, down 173.46% YoY from $60.9 million in Q4 2024, and up 19.25% on a QoQ basis from -$55.4 million in Q3 2025.
TMC the metals (TMC) Operating Income (2020 - 2026) Analysis & Trends
TMC the metals (TMC) has 6 years of Operating Income data on file, last reported at -$44.7 million in Q4 2025.
- Quarterly Operating Income fell 173.46% year-over-year to -$44.7 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$140.1 million (down 72.3% YoY) and the FY2025 annual result came in at -$140.1 million, down 72.3% from the prior year.
- Operating Income advanced to -$44.7 million in Q4 2025, from -$55.4 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of -$12.5 million in Q3 2023 to a low of -$111.3 million in Q4 2022.
- A 5-year average of -$30.9 million and a median of -$23.3 million in 2024 frame the typical range for Operating Income.
- Annual changes were most pronounced in 2021 — Operating Income sank 8655.2% — and 2022, when it surged 71.32%.
- Tracing TMC's Operating Income over 5 years: stood at -$28.3 million in 2021, then tumbled by 293.62% to -$111.3 million in 2022, then soared by 70.11% to -$33.3 million in 2023, then surged by 50.85% to -$16.3 million in 2024, then slumped by 173.46% to -$44.7 million in 2025.
- The last three Operating Income figures came in at -$44.7 million (Q4 2025), -$55.4 million (Q3 2025), and -$22.0 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (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 | 1.18 Bn |
| 4 | MP Materials | 9.79 Bn | 7.32 Bn | 36.20 Mn | -32.03 Mn |
| 5 | Almonty Industries | 5.05 Bn | 4.16 Bn | 18.87 Mn | 18.87 Mn |
| 6 | Materion | 4.85 Bn | 4.83 Bn | 104.34 Mn | 51.71 Mn |
| 7 | Skeena Resources | 4.31 Bn | 3.89 Bn | - | - |
| 8 | USA Rare Earth | 3.94 Bn | 3.94 Bn | -1.58 Mn | -46.31 Mn |
| 9 | Evolution Metals & Technologies | 2.06 Bn | 2.06 Bn | -115,000.00 | -12.19 Mn |
| 10 | TMC the metals | 1.71 Bn | 1.61 Bn | - | -71.72 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -71.72 Mn |
| Dec 31, 2025 | -44.71 Mn |
| Sep 30, 2025 | -55.36 Mn |
| Jun 30, 2025 | -21.98 Mn |
| 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 |