TMC the metals (TMCWW) Research & Development (2020 - 2025)

TMC the metals has reported Research & Development for 6 years, with the latest figure at $10.6 million in Q4 2025.

• For the quarter ending Q4 2025, Research & Development rose 28.11% year-over-year to $10.6 million; the trailing twelve-month figure through Dec 2025 stood at $40.3 million (down 20.46% YoY), and the FY2025 full-year result was $40.3 million, down 20.46% from the prior year.
• Research & Development for Q4 2025 stood at $10.6 million, up from $9.6 million in the prior quarter.
• The five-year high for Research & Development was $104.3 million in Q4 2022, with the low at $7.2 million in Q1 2023.
• Historically, Research & Development has averaged $18.9 million across 5 years, with a median of $11.2 million in 2024.
• The largest YoY upside for Research & Development was 712.94% in 2022 against a maximum downside of 80.47% in 2022.
• TMC the metals' Research & Development stood at $12.8 million in 2021, then jumped by 712.94% to $104.3 million in 2022, then sank by 74.41% to $26.7 million in 2023, then plunged by 68.87% to $8.3 million in 2024, then rose by 28.11% to $10.6 million in 2025.
• The last three Research & Development figures came in at $10.6 million (Q4 2025), $9.6 million (Q3 2025), and $10.5 million (Q2 2025), per Business Quant data.