TMC the metals (TMCWW) Shares Outstanding (Diluted Average) (2021 - 2025)

TMC the metals (TMCWW) 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 (TMCWW) 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 - - - 384.51 Mn

Historic Data

Download Data
DateValue
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