TMC the metals (TMC) Share-based Compensation (2020 - 2025)

TMC the metals (TMC) reported Share-based Compensation of $34.4 million for Q4 2025, up 456.39% on a YoY basis from $6.2 million in Q4 2024, and up 221.56% quarter-over-quarter from $10.7 million in Q3 2025.

TMC the metals (TMC) Share-based Compensation (2020 - 2025) Analysis & Trends

TMC the metals has reported Share-based Compensation for 6 years, with the latest figure at $34.4 million in Q4 2025.

  • For the quarter ending Q4 2025, Share-based Compensation rose 456.39% year-over-year to $34.4 million; the trailing twelve-month figure through Dec 2025 stood at $46.0 million (up 241.3% YoY), and the FY2025 full-year result was $96.7 million, up 281.91% from the prior year.
  • Share-based Compensation for Q4 2025 stood at $34.4 million, up from $10.7 million in the prior quarter.
  • The five-year high for Share-based Compensation was $43.2 million in Q1 2021, with the low at $19000.0 in Q2 2023.
  • Historically, Share-based Compensation has averaged $7.5 million across 5 years, with a median of $3.8 million in 2022.
  • Annual changes were most pronounced in 2023 — Share-based Compensation plunged 99.0% — and 2024, when it jumped 2005.26%.
  • TMC the metals' Share-based Compensation stood at $5.2 million in 2021, then fell by 27.52% to $3.8 million in 2022, then plunged by 30.01% to $2.6 million in 2023, then jumped by 133.8% to $6.2 million in 2024, then jumped by 456.39% to $34.4 million in 2025.
  • The last three Share-based Compensation figures came in at $34.4 million (Q4 2025), $10.7 million (Q3 2025), and $800000.0 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Share-based Compensation (Qtr)
1 Elevra Lithium 556.97 Bn 556.92 Bn - -
2 Bhp 421.29 Bn 411.77 Bn - -
3 Skeena Resources 17.36 Bn 17.34 Bn - 8.83 Mn
4 Ioneer 10.78 Bn 10.76 Bn - -
5 MP Materials 10.54 Bn 7.94 Bn 16.40 Mn 12.93 Mn
6 Iperionx 8.57 Bn 8.52 Bn - -
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn 3.37 Mn
8 Sigma Lithium 4.36 Bn 4.36 Bn 25.57 Mn -153,000.00
9 Americas Gold & Silver 4.00 Bn 3.87 Bn 16.76 Mn 3.06 Mn
10 TMC the metals 76.80 Mn -40.83 Mn - 34.41 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 34.41 Mn
Dec 31, 2025 34.41 Mn
Sep 30, 2025 10.70 Mn
Sep 30, 2025 10.70 Mn
Jun 30, 2025 800,000.00
Jun 30, 2025 800,000.00
Mar 31, 2025 100,000.00
Mar 31, 2025 100,000.00
Dec 31, 2024 6.18 Mn
Dec 31, 2024 6.18 Mn
Jun 30, 2024 400,000.00
Jun 30, 2024 400,000.00
Mar 31, 2024 6.90 Mn
Mar 31, 2024 6.90 Mn
Dec 31, 2023 2.65 Mn
Dec 31, 2023 2.65 Mn
Sep 30, 2023 19,000.00
Sep 30, 2023 19,000.00
Jun 30, 2023 19,000.00
Jun 30, 2023 19,000.00