TMC the metals (TMC) Shares Outstanding (Diluted Average) (2021 - 2025)
TMC the metals (TMC) reported Shares Outstanding (Diluted Average) of $384.5 million for Q4 2025, down 5.18% quarter-over-quarter from $405.5 million in Q3 2025.
TMC the metals (TMC) Shares Outstanding (Diluted Average) (2021 - 2025) Analysis & Trends
TMC the metals has reported Shares Outstanding (Diluted Average) for 5 years, with the latest figure at $384.5 million in Q4 2025.
- For the quarter ending Q4 2025, Shares Outstanding (Diluted Average) changed N/A year-over-year to $384.5 million; the trailing twelve-month figure through Dec 2025 stood at $384.5 million (changed N/A YoY), and the FY2025 full-year result was $384.5 million, changed N/A from the prior year.
- Shares Outstanding (Diluted Average) for Q4 2025 stood at $384.5 million, down from $405.5 million in the prior quarter.
- The five-year high for Shares Outstanding (Diluted Average) was $405.5 million in Q3 2025, with the low at $192.4 million in Q1 2021.
- Historically, Shares Outstanding (Diluted Average) has averaged $303.5 million across 5 years, with a median of $311.5 million in 2024.
- Annual changes were most pronounced in 2023 — Shares Outstanding (Diluted Average) grew 27.53% — and 2024, when it advanced 8.17%.
- TMC the metals' Shares Outstanding (Diluted Average) stood at $192.4 million in 2021, then grew by 20.09% to $231.0 million in 2022, then grew by 27.53% to $294.6 million in 2023, then advanced by 8.17% to $318.7 million in 2024, then grew by 20.65% to $384.5 million in 2025.
- The last three Shares Outstanding (Diluted Average) figures came in at $384.5 million (Q4 2025), $405.5 million (Q3 2025), and $366.6 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares (Diluted Avg.) (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 | - | - |
| 4 | Ioneer | 10.78 Bn | 10.76 Bn | - | - |
| 5 | MP Materials | 10.54 Bn | 7.94 Bn | 16.40 Mn | 178.02 Mn |
| 6 | Iperionx | 8.57 Bn | 8.52 Bn | - | 100.00 |
| 7 | Materion | 4.58 Bn | 4.57 Bn | 81.84 Mn | 21.01 Mn |
| 8 | Sigma Lithium | 4.36 Bn | 4.36 Bn | 25.57 Mn | - |
| 9 | Americas Gold & Silver | 4.00 Bn | 3.87 Bn | 16.76 Mn | - |
| 10 | TMC the metals | 76.80 Mn | -40.83 Mn | - | 384.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 384.51 Mn |
| Sep 30, 2025 | 405.51 Mn |
| Jun 30, 2025 | 366.63 Mn |
| Mar 31, 2025 | 345.35 Mn |
| Sep 30, 2024 | 318.71 Mn |
| Jun 30, 2024 | 320.89 Mn |
| Mar 31, 2024 | 311.52 Mn |
| Sep 30, 2023 | 294.64 Mn |
| Jun 30, 2023 | 276.70 Mn |
| Mar 31, 2023 | 272.03 Mn |
| Sep 30, 2022 | 231.03 Mn |
| Mar 31, 2022 | 226.08 Mn |
| Mar 31, 2021 | 192.38 Mn |