TMC Q1 net loss $20.6M flat YoY; signs Allseas commercial nodule deal, NOAA advances permit

TMC the metals Co Inc.

Net loss $20.6M ($0.05/share) vs $20.6M ($0.06/share) prior year; cash $119.7M, no financial debt.
Signed commercial agreement with Allseas for first nodule recovery system; 3.0M wet tonnes/yr capacity, commissioning target Q4 2027.
NOAA determined TMC USA's consolidated application in full compliance; commercial permit expected before end of Q1 2027.
The Metals Royalty Co. (TMCR) began trading on Nasdaq; TMC holds ~25% equity stake.
Submitted decade of environmental data to DeepData: 76k biological records and 69k geochemical data points.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TMC the metals Co Inc. reported first quarter ended March 31, 2026 results: net income Net loss of $20.6 million, EPS net loss per share of $0.05.

Period: first quarter ended March 31, 2026
Net income: Net loss of $20.6 million
EPS: net loss per share of $0.05
Result: reported results

Exact text from the filing

On May 14, 2026, TMC the metals company Inc. (the “Company”) issued a press release announcing its results for the first quarter ended March 31, 2026 and providing a business update.

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TMC the metals Co Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-061202

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