TMC the metals (TMC) Retained Earnings (2019 - 2026)
TMC the metals' (TMC) quarterly Retained Earnings came in at -$1.0 billion in Q2 2026, down 42.08% on a YoY basis from -$1.8 billion in Q2 2025, and down 8.49% quarter-over-quarter from -$951.3 million in Q4 2025.
Analysis
TMC the metals (TMC) Retained Earnings (2019 - 2026) Analysis & Trends
TMC the metals (TMC) has reported Retained Earnings for 8 consecutive years, with -$1.0 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Retained Earnings fell 42.08% year-over-year to -$1.0 billion; the trailing twelve-month figure through Jun 2026 stood at -$1.0 billion (down 42.08% YoY), and the FY2025 full-year result was -$951.3 million, down 50.65% from the prior year.
- Retained Earnings slipped to -$1.0 billion in Q2 2026 per TMC's latest filing, from -$951.3 million in the prior quarter.
- Across five years, Retained Earnings topped out at -$325.3 million in Q1 2022 and bottomed at -$1.0 billion in Q2 2026.
- Historically, Retained Earnings has averaged -$619.3 million across 5 years, with a median of -$584.2 million in 2024.
- The sharpest annual moves came in 2022 and 2025: Retained Earnings tumbled 56.21% in 2022, then retreated 13.57% in 2025.
- Over 5 years, Retained Earnings stood at -$475.1 million in 2022, then dropped by 15.53% to -$548.9 million in 2023, then retreated by 15.04% to -$631.4 million in 2024, then plunged by 50.65% to -$951.3 million in 2025, then retreated by 8.49% to -$1.0 billion in 2026.
- According to Business Quant data, Retained Earnings over the past three periods registered -$1.0 billion, -$951.3 million, and -$910.9 million for Q2 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 165.83 Bn | 158.58 Bn | 2.90 Bn | 4.59 Bn |
| 2 | Freeport-Mcmoran | 104.41 Bn | 112.45 Bn | 2.19 Bn | 23.66 Bn |
| 3 | Teck Resources | 32.69 Bn | 28.21 Bn | 1.21 Bn | - |
| 4 | Carpenter Technology | 23.59 Bn | 23.19 Bn | 268.90 Mn | 2.20 Bn |
| 5 | Hudbay Minerals | 10.85 Bn | 10.27 Bn | 269.00 Mn | 782.60 Mn |
| 6 | Almonty Industries | 3.66 Bn | 2.77 Bn | 18.87 Mn | -76.34 Mn |
| 7 | Ero Copper | 3.63 Bn | 3.53 Bn | 121.42 Mn | 943.09 Mn |
| 8 | TMC the metals | 1.96 Bn | 1.86 Bn | - | -1.03 Bn |
| 9 | Nexa Resources | 1.83 Bn | 1.73 Bn | 257.20 Mn | - |
| 10 | Ivanhoe Electric | 1.59 Bn | 1.60 Bn | 368,000.00 | -618.92 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.03 Bn |
| Dec 31, 2025 | -951.28 Mn |
| Sep 30, 2025 | -910.88 Mn |
| Jun 30, 2025 | -726.36 Mn |
| Mar 31, 2025 | -652.02 Mn |
| Dec 31, 2024 | -631.44 Mn |
| Sep 30, 2024 | -614.78 Mn |
| Jun 30, 2024 | -594.26 Mn |
| Mar 31, 2024 | -574.10 Mn |
| Dec 31, 2023 | -548.90 Mn |
| Sep 30, 2023 | -515.44 Mn |
| Jun 30, 2023 | -502.98 Mn |
| Mar 31, 2023 | -488.87 Mn |
| Dec 31, 2022 | -475.12 Mn |
| Sep 30, 2022 | -365.55 Mn |
| Mar 31, 2022 | -325.27 Mn |
| Dec 31, 2021 | -304.16 Mn |
| Sep 30, 2021 | -284.36 Mn |
| Jun 30, 2021 | -247.71 Mn |
| Mar 31, 2021 | -218.57 Mn |