---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-061202"
form_type: "8-K"
ticker: "TMC"
cik: "0001798562"
company_name: "TMC the metals Co Inc."
filed_at: "2026-05-14T20:18:48+00:00"
generated_at: "2026-05-14T20:46:46.862120+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-061202
- form_type: 8-K
- ticker: TMC
- cik: 0001798562
- company_name: TMC the metals Co Inc.
- filed_at: 2026-05-14T20:18:48+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1798562/000110465926061202/0001104659-26-061202-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1798562/000110465926061202/tm2614595d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-061202
- JSON: https://secwatch.observer/filing/0001104659-26-061202.json
- Plain text: https://secwatch.observer/filing/0001104659-26-061202.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1798562/000110465926061202/0001104659-26-061202-index.htm

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