---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-036089"
form_type: "8-K"
ticker: "TMC"
cik: "0001798562"
company_name: "TMC the metals Co Inc."
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T19:02:31.190876+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TMC reports net loss of $109.6M in Q4 2022 and $171M for FY 2022; cash $46.8M

## Summary
- Net loss Q4 2022 $109.6M ($0.41 loss per share) vs $19.8M ($0.09) in Q4 2021.
- Full-year net loss $171M ($0.71 per share) vs $141.3M ($0.69) in 2021.
- Recorded $69.9M warrant expense and $8.7M shares to Allseas upon successful pilot trial.
- Secured $25M unsecured credit facility from Allseas parent, maturing May 2024.
- MoU with PAMCO to evaluate processing 1.3M tonnes/year of nodules at Hachinohe smelter in 2025.

## SEC filing metadata
- accession: 0001104659-23-036089
- form_type: 8-K
- ticker: TMC
- cik: 0001798562
- company_name: TMC the metals Co Inc.
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1798562/000110465923036089/0001104659-23-036089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1798562/000110465923036089/tm231225d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-036089
- JSON: https://secwatch.observer/filing/0001104659-23-036089.json
- Plain text: https://secwatch.observer/filing/0001104659-23-036089.txt

## Key facts
- Earnings Releases
  TMC the metals Co Inc. reported the full year ended December 31, 2022 results: net income net loss of $171 million, EPS $0.71 per share.
  - Period: the full year ended December 31, 2022
  - Net income: net loss of $171 million
  - EPS: $0.71 per share
  - Result: reported results
  source text: For the full year 2022 we reported a net loss of $171 million or $0.71 per share (compared to $141.3 million and $0.69 per share in 2021)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1798562/000110465923036089/0001104659-23-036089-index.htm
- Earnings Releases
  TMC the metals Co Inc. reported the quarter ended December 31, 2022 results: net income Net loss of $109.6 million, EPS loss per share of $0.41.
  - Period: the quarter ended December 31, 2022
  - Net income: Net loss of $109.6 million
  - EPS: loss per share of $0.41
  - Result: reported results
  source text: Net loss of $109.6 million and loss per share of $0.41 for the quarter ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1798562/000110465923036089/0001104659-23-036089-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.