# TMC the metals (TMC) — Earnings

TMC · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/tmc/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | −$0.14 |
| EPS estimate | −$0.06 |
| EPS surprise | −121.17% |
| Revenue surprise | +0.00% |
| Revenue | $0.00 |
| Revenue estimate | $0.00 |
| Reported | Aug 13, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1798562/000110465926096051/tmc-20260630x10q.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/83201105-a8b2-2872-455f-7549ee836256.html) |

TMC reported Q2 2026 results on August 13, 2026. The company posted a loss of $0.14 per share, wider than the $0.06 loss analysts expected, a miss of 121.17%. No revenue was reported and no revenue estimate was given. A year earlier, in Q2 2025, the loss was $0.20 per share, so the latest loss was about 30% narrower year over year.

The table shows a company without revenue that loses money nearly every quarter. Over the last 20 quarters, TMC reported a loss 19 times; the exception was Q1 2023, at breakeven. Annual losses were $0.67 per share in 2022, $0.20 in 2023, $0.25 in 2024 and $0.80 in 2025. Most quarterly losses fell between $0.04 and $0.20, with a few larger ones: $0.41 in Q4 2022 and $0.46 in Q3 2025, the widest in the table. Against estimates the record is mixed, with 8 beats, 10 misses and 2 quarters in line. The 2026 quarters so far show losses of $0.05 and $0.14.

TMC reported its third quarter between November 9 and November 15 in each of the past five years. That points to mid-November 2026 for the Q3 2026 report.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 13, 2026 | −$0.06 | −$0.14 | -121.17% | — | — |
| Q1 2026 | May 14, 2026 | −$0.05 | −$0.05 | 0.00% | — | — |
| Q4 2025 | Mar 27, 2026 | −$0.06 | −$0.08 | -45.45% | — | — |
| Q3 2025 | Nov 13, 2025 | −$0.06 | −$0.46 | -736.36% | — | — |
| Q2 2025 | Aug 14, 2025 | −$0.05 | −$0.20 | -287.60% | — | — |
| Q1 2025 | May 14, 2025 | −$0.04 | −$0.06 | -71.43% | — | — |
| Q4 2024 | Mar 27, 2025 | −$0.05 | −$0.05 | 1.77% | — | — |
| Q3 2024 | Nov 14, 2024 | −$0.06 | −$0.06 | 0.00% | — | — |
| Q2 2024 | Aug 14, 2024 | −$0.05 | −$0.06 | -20.00% | — | — |
| Q1 2024 | May 13, 2024 | −$0.05 | −$0.08 | -60.00% | — | — |
| Q4 2023 | Mar 25, 2024 | −$0.16 | −$0.11 | 31.25% | — | — |
| Q3 2023 | Nov 9, 2023 | −$0.11 | −$0.04 | 62.76% | — | — |
| Q2 2023 | Aug 14, 2023 | −$0.12 | −$0.05 | 58.33% | — | — |
| Q1 2023 | May 11, 2023 | −$0.06 | $0.00 | 100.00% | — | — |
| Q4 2022 | Mar 23, 2023 | −$0.08 | −$0.41 | -412.50% | — | — |
| Q3 2022 | Nov 14, 2022 | −$0.09 | −$0.12 | -33.33% | — | — |
| Q2 2022 | Aug 15, 2022 | −$0.11 | −$0.05 | 54.55% | — | — |
| Q1 2022 | May 9, 2022 | −$0.11 | −$0.09 | 18.18% | — | — |
| Q4 2021 | Mar 24, 2022 | −$0.10 | −$0.09 | 5.26% | — | — |
| Q3 2021 | Nov 15, 2021 | −$0.02 | −$0.18 | -800.00% | — | — |

## Frequently Asked Questions

### When did TMC the metals (TMC) last report earnings?

TMC the metals last reported on Aug 13, 2026, covering fiscal Q2 2026.

### Did TMC beat earnings estimates?

No. TMC the metals reported EPS of −$0.14 for Q2 2026 against a −$0.06 estimate — a 121.17% miss.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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