TMC the metals (TMCWW) EBT (2020 - 2025)
TMC the metals (TMCWW) reported EBT of -$40.4 million for Q4 2025, down 152.15% on a YoY basis from $77.4 million in Q4 2024, and up 78.1% quarter-over-quarter from -$184.4 million in Q3 2025.
TMC the metals (TMCWW) EBT (2020 - 2025) Analysis & Trends
TMC the metals has reported EBT for 6 years, with the latest figure at -$40.4 million in Q4 2025.
- For the quarter ending Q4 2025, EBT fell 152.15% year-over-year to -$40.4 million; the trailing twelve-month figure through Dec 2025 stood at -$264.8 million (down 224.82% YoY), and the FY2025 full-year result was -$319.7 million, down 290.38% from the prior year.
- EBT for Q4 2025 stood at -$40.4 million, up from -$184.4 million in the prior quarter.
- The five-year high for EBT was $17.4 million in Q4 2022, with the low at -$184.4 million in Q3 2025.
- Historically, EBT has averaged -$30.8 million across 5 years, with a median of -$21.2 million in 2024.
- Annual changes were most pronounced in 2021 — EBT slumped 2278.83% — and 2022, when it soared 161.44%.
- TMC the metals' EBT stood at -$28.3 million in 2021, then soared by 161.44% to $17.4 million in 2022, then plunged by 292.4% to -$33.4 million in 2023, then soared by 52.08% to -$16.0 million in 2024, then slumped by 152.15% to -$40.4 million in 2025.
- The last three EBT figures came in at -$40.4 million (Q4 2025), -$184.4 million (Q3 2025), and -$22.0 million (Q2 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (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 | - | 76.17 Mn |
| 4 | Ioneer | 10.78 Bn | 10.76 Bn | - | - |
| 5 | MP Materials | 10.54 Bn | 7.94 Bn | 16.40 Mn | -13.64 Mn |
| 6 | Iperionx | 8.57 Bn | 8.52 Bn | - | - |
| 7 | Materion | 4.58 Bn | 4.57 Bn | 81.84 Mn | 20.91 Mn |
| 8 | Sigma Lithium | 4.36 Bn | 4.36 Bn | 25.57 Mn | 15.42 Mn |
| 9 | Americas Gold & Silver | 4.00 Bn | 3.87 Bn | 16.76 Mn | -33.89 Mn |
| 10 | TMC the metals | - | - | - | -40.38 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -40.38 Mn |
| Sep 30, 2025 | -184.39 Mn |
| Jun 30, 2025 | -21.98 Mn |
| Mar 31, 2025 | -18.02 Mn |
| Dec 31, 2024 | -16.01 Mn |
| Sep 30, 2024 | -20.52 Mn |
| Jun 30, 2024 | -20.30 Mn |
| Mar 31, 2024 | -24.68 Mn |
| Dec 31, 2023 | -33.42 Mn |
| Sep 30, 2023 | -12.47 Mn |
| Jun 30, 2023 | -14.11 Mn |
| Mar 31, 2023 | -13.75 Mn |
| Dec 31, 2022 | 17.37 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 |
| Mar 31, 2021 | -55.47 Mn |