Jun 2026 (Q2 FY26) — Aug 13, 2026
TMC the metals company Inc. Q2 FY26 — Advancing US Regulatory Pathway and Commercial Production System
Read the full callTMC the metals company (TMC) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
TMC the metals company earnings: last reported Thu, 13 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | -60.1 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$2.62 +1.55% · +$0.04
Performance −68.0% 1Y
1Y: $8.19 on 17 Oct 2025 → $2.62. High $9.44 (23 Jan 2026), low $2.58 (16 Oct 2026).
- Previous close
- $2.58
- 52-week range
- $2.58 – $9.44
- One year
- −68.74%
Overview
- Symbol
- TMC
- Sector
- Materials
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
TMC the metals company earnings calls (TMC)
Financials
What the filings say
Net profit, year on year: +19% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating profit | -20 | -16 | -18 | -22 | -55 | -45 | -34 | -72 |
| Profit before tax | -21 | — | -21 | -74 | -184 | -40 | -21 | -60 |
| Tax rate | — | — | — | — | −0.1% | −0.1% | −0.2% | −0.2% |
| Net profit | -21 | -16 | -21 | -74 | -185 | -40 | -21 | -60 |
| EPS ($ per share) | -0.06 | — | -0.06 | -0.20 | -0.46 | — | -0.05 | -0.14 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Equity capital | — | 154 | 296 | 333 | 438 | 477 | 681 |
| Reserves | -0 | -163 | -304 | -475 | -549 | -631 | -951 |
| Total liabilities | 0 | 18 | 40 | 53 | 58 | 80 | 215 |
| Fixed assets | — | 1 | 1 | 2 | 1 | 1 | 1 |
| Total assets | 0 | 55 | 133 | 95 | 69 | 63 | 182 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Cash from operations | -27 | -56 | -67 | -60 | -43 | -43 |
| Cash from investing | -1 | -4 | -1 | -1 | -1 | 0 |
| Cash from financing | 21 | 135 | 30 | 20 | 41 | 157 |
| Capital expenditure | -1 | — | — | -1 | -1 | -0 |
| Free cash flow | -27 | — | — | -60 | -44 | -43 |
Insider filings
35 filings between Nov 28, 2025 and Sep 28, 2026.
Open market
decisions to buy or sellPurchases
$0
1 purchase by 1 insider
Sales
$2.38M
6 sales by 3 insiders
Some filings report no price, so the dollar figures above are a floor, not a total.
Compensation
not trading decisions- 17
- Award — granted as compensation
- 11
- Option exercise — converted options into shares
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Shesky Craig | — | $1.58M | Mar 26, 2026 |
| O'Sullivan Anthony | — | $664.0K | Dec 2, 2025 |
| May Brendan | — | $133.3K | Jun 2, 2026 |
| Allseas Group S.A. | $0 | — | Jul 1, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 28, 2026 | Mallon Liam M Director | Award | 77,720 | $0 |
| Sep 25, 2026 | Mallon Liam M Director | Award | 25,445 | $0 |
| Sep 11, 2026 | Hall Andrew Director | Award | 72,935 | $0 |
| Jul 1, 2026 | Allseas Group S.A. 10% owner | Purchase | 7,305,567 | — |
| Jun 2, 2026 | May Brendan Director | Sale | 20,768 | $133.3K |
| May 29, 2026 | Karkar Andrei Director | Award | 17,857 | $0 |
| May 29, 2026 | Karkar Andrei Director | Award | 16,528 | $0 |
| May 29, 2026 | Khama Sheila Director | Award | 17,316 | $0 |
| May 29, 2026 | Khama Sheila Director | Award | 16,528 | $0 |
| May 29, 2026 | May Brendan Director | Award | 16,528 | $0 |
| May 29, 2026 | Madsbjerg Christian Director | Award | 19,075 | $0 |
| May 29, 2026 | Madsbjerg Christian Director | Award | 16,528 | $0 |
| May 29, 2026 | Greig Andrew Carlyle Director | Award | 20,292 | $0 |
| May 29, 2026 | Hall Andrew Director | Award | 18,263 | $0 |
| May 29, 2026 | Hall Andrew Director | Award | 16,528 | $0 |
| May 29, 2026 | Greig Andrew Carlyle Director | Award | 16,528 | $0 |
| Apr 13, 2026 | ILVES Erika Chief Strategy Officer | Award | 453,515 | $0 |
| Apr 13, 2026 | Barron Gerard Chairman & CEO | Award | 816,327 | $0 |
| Apr 13, 2026 | Shesky Craig Chief Financial Officer | Award | 453,515 | $0 |
| Mar 26, 2026 | Shesky Craig Chief Financial Officer | Sale | 215,492 | $976.8K |
| Mar 25, 2026 | Shesky Craig Chief Financial Officer | Sale | 78,186 | $358.2K |
| Mar 24, 2026 | Shesky Craig Chief Financial Officer | Sale | 51,941 | $246.1K |
| Mar 20, 2026 | Shesky Craig Chief Financial Officer | Option exercise | 208,375 | $0 |
| Mar 20, 2026 | Shesky Craig Chief Financial Officer | Option exercise | 187,662 | $0 |
| Mar 20, 2026 | Shesky Craig Chief Financial Officer | Option exercise | 166,502 | $0 |
| Feb 10, 2026 | Shesky Craig Chief Financial Officer | Option exercise | 63,204 | $41.1K |
| Feb 6, 2026 | Madsbjerg Christian Director | Option exercise | 11,578 | $6.0K |
| Feb 6, 2026 | Karkar Andrei Director | Option exercise | 31,602 | $20.5K |
| Feb 6, 2026 | Madsbjerg Christian Director | Option exercise | 31,602 | $20.5K |
| Feb 3, 2026 | Karkar Andrei Director | Option exercise | 63,682 | $33.1K |
| Jan 8, 2026 | Greig Andrew Carlyle Director | Option exercise | 31,602 | $20.5K |
| Jan 8, 2026 | Greig Andrew Carlyle Director | Option exercise | 11,578 | $6.0K |
| Jan 8, 2026 | Greig Andrew Carlyle Director | Option exercise | 578,931 | $1.51M |
| Dec 2, 2025 | O'Sullivan Anthony Chief Development Officer | Sale | 50,000 | $338.5K |
| Nov 28, 2025 | O'Sullivan Anthony Chief Development Officer | Sale | 50,000 | $325.5K |
| Sep 24, 2025 | ILVES Erika Chief Strategy Officer | Option exercise | 1,099,968 | $715.0K |
| Sep 24, 2025 | ILVES Erika Chief Strategy Officer | Option exercise | 262,109 | $170.4K |
| Sep 24, 2025 | ILVES Erika Chief Strategy Officer | Option exercise | 252,815 | $164.3K |
| Sep 23, 2025 | ILVES Erika Chief Strategy Officer | Award | 2,000,000 | $0 |
| Sep 22, 2025 | ILVES Erika Chief Strategy Officer | Sale | 1,591,485 | $9.18M |
| Sep 2, 2025 | Hess Michael Bernard Director | Award | 7,500,000 | $0 |
| Sep 2, 2025 | Hess Michael Bernard Director | Award | 237,530 | $0 |
| Sep 2, 2025 | Spiro Alex Director | Award | 1,750,000 | $0 |
| Aug 26, 2025 | O'Sullivan Anthony Chief Development Officer | Option exercise | 250,000 | $162.5K |
| Aug 26, 2025 | O'Sullivan Anthony Chief Development Officer | Sale | 250,000 | $1.31M |
| Jun 26, 2025 | May Brendan Director | Sale | 44,204 | $326.4K |
| Jun 25, 2025 | May Brendan Director | Sale | 25,000 | $195.1K |
| Jun 20, 2025 | O'Sullivan Anthony Chief Development Officer | Sale | 185,110 | $1.31M |
| Jun 9, 2025 | O'Sullivan Anthony Chief Development Officer | Sale | 50,000 | $210.0K |
| Jun 4, 2025 | Hall Andrew Director | Award | 66,508 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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