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TMC The Metals Co Inc. (TMC) stock

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NASDAQ: TMC Nasdaq Diversified Metals & Mining Next results ~November 12, 2026

TMC The Metals Co Inc. is a US-listed company in the diversified metals & mining industry. Its financial year ends in December.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 3 selling1 purchase and 6 sales by directors and officers, last 12 monthsInsider trades
  • Funds105 adding, 76 cuttingOf 26 active managers that changed their stake, 14 added; quarter to June 30, 2026Fund buyers and sellers

The Fundamentalytics view

Next results ~November 12, 2026 (estimated)

Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 119% in the quarter to 2026-06-30.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in TMC The Metals Co Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Results due soon. Results are expected around 12 November; the share price can move sharply on the day.
  • Volatile shares. Over the past year the shares showed annualised volatility of 92% and a beta of 3.6 against the S&P 500.
  • Heavily shorted. 12.3% of the shares available to trade are sold short (6.5 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 4 of the last four quarters.

Latest results

Earnings per share
-$0.12 against an average estimate of -$0.06: missed by 119.3%
Share reaction
-10.3% in the first session after the results on August 13, 2026, against +0.5% for the S&P 500
Next report
November 12, 2026; average EPS estimate -$0.05

TMC The Metals' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-10.4%
  • 1 week-2.5%
  • 1 month-38.5%
  • This year-62.2%
  • 1 year-67.0%
  • 5 years-27.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Earnings

Last results
August 13, 2026
Next results (est.)
November 12, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Announcement
  3. Announcement
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

TMC The Metals Co Inc. valuation models and calculator

No model value for TMC The Metals Co Inc. at the moment. Current status: limited reported history: available models are shown without a Buy/Hold/Sell rating. Available reported financials are shown below.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 12, 2026. Analysts expect revenue of $0 and EPS of −$0.05 (range −$0.05 to −$0.05) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.40 +52% — 0%
Next −$0.24 +40% $22m 0%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +27.0% on 90 days ago. In the last 30 days, 0 analysts raised TMC The Metals Co Inc.'s forecast and 0 cut it.

Consensus EPS forecast TMC The Metals Co Inc., last 90 days
−$0.60 −$0.40 −$0.20 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.32 Current fiscal year, 60 days ago: −$0.32 Current fiscal year, 30 days ago: −$0.47 Current fiscal year, 7 days ago: −$0.43 Current fiscal year, Now: −$0.40 −$0.40 Next fiscal year, 90 days ago: −$0.18 Next fiscal year, 60 days ago: −$0.18 Next fiscal year, 30 days ago: −$0.18 Next fiscal year, 7 days ago: −$0.20 Next fiscal year, Now: −$0.24 −$0.24

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.32−$0.18
60 days ago −$0.32−$0.18
30 days ago −$0.47−$0.18
7 days ago −$0.43−$0.20
Now −$0.40−$0.24

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.06 −$0.12 −119.3%
Mar 2026 −$0.05 −$0.05 0.0%
Dec 2025 −$0.06 −$0.08 −45.5%
Sept 2025 −$0.05 −$0.46 −762.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

6 analysts, Oct 2026
Buy6100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026336
  2. Sep 2026336
  3. Aug 2026336
  4. Jul 2026246

Counts of recommendations published by analysts covering TMC The Metals Co Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
12.3%
of tradable shares
Days to cover
6.53
at average volume
Short interest, 1 month
+20%
to October 15, 2026
Held by institutions
14%
of shares
Held by insiders
46.1%
of shares
Employees
48
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Return and risk by year

Calendar year 20222023202420252026 to date
Return
TMC−63%+43%+2%+451%−62%
Industry peers (median)−24%−13%−24%+47%−43%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
TMC42%42%42%67%36%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
TMC−83%−72%−61%−54%−75%
S&P 500−25%−10%−8%−19%−9%

Worst fall since September 10, 2021: 96% from September 13, 2021 to December 23, 2022. Getting back needed a 2164% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$2.33 – $9.44
From 52-week high
−75.3%
vs 50-day average
−36.0%
vs 200-day average
−52.2%
Volatility (1 year)
92%
Beta vs S&P 500
3.57

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±7.2%
After a week
4 up, 8 down
typical move ±14.5%
After a month
5 up, 7 down
typical move ±22.2%
Results releasedNext dayS&P 500 next day5 days21 days
August 13, 2026 −10.3% +0.5% −11.2% −14.3%
May 14, 2026 −3.9% −0.4% −6.7% −5.3%
March 27, 2026 −11.1% −2.0% −0.4% +9.8%
November 13, 2025 −9.9% −1.7% −7.6% +14.9%
August 14, 2025 −9.6% −0.2% −9.0% −0.2%
May 14, 2025 +11.1% +0.6% +47.8% +46.1%
May 12, 2025 −4.5% +4.0% +43.1% +39.5%
March 27, 2025 +3.6% −2.3% +17.5% +99.4%
November 14, 2024 +4.1% −1.9% −7.6% −15.7%
November 12, 2024 −1.5% −0.3% −5.9% −18.0%
August 14, 2024 +17.0% +2.0% +14.9% 0.0%
May 13, 2024 0.0% +0.5% −2.1% −3.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms . Generated November 3, 2026. Definitions in our methodology.

Who owns it

Funds buying and selling
Reported value
$259M
Institutions reporting
211
Shares held vs prior quarter
▼ 2.8%
Positions opened / closed
34 / 29

Top buyers and sellers, Q2 2026: 105 institutions bought and 76 sold ; the biggest buyer was Anson Funds Management LP (+2.6M shares) and the biggest seller Jane Street Group, LLC (−4.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
First Manhattan Co. Llc. $67.8M 15.3M 26.2% 0.0%
Citadel Advisors LLC $14.5M 3.3M 5.6% ▼ 9.7%
Millennium Management LLC $13M 2.9M 5.0% ▼ 4.2%
Anson Funds Management LP $11.7M 2.6M 4.5% New
Baird Financial Group, Inc. $10.8M 2.4M 4.2% ▼ 1.6%
Jane Street Group, LLC $10.8M 2.4M 4.1% ▼ 65.2%
Susquehanna International Group, LLP $10.5M 2.4M 4.0% ▲ 19.4%
Yorkville Advisors Global, LP $9.3M 1.3M 3.6% New
Tudor Investment Corp Et Al $7.5M 1.7M 2.9% ▲ 3.8%
Marshall Wace, LLP $7M 1.6M 2.7% ▼ 35.0%
Blackrock, Inc. $6.6M 1.5M 2.5% ▲ 19.3%
State Street Corp $5.1M 1.1M 2.0% ▲ 15.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not TMC The Metals Co Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 1 trade by 1 insider, last 12 months Insider sales History → $2.4M 6 trades by 3 insiders · 0% under pre-set plans
Net ▼ $2.4M net selling
Insider Date Trade Shares Price Value
Heerema Edward 10% owner July 1, 2026 Buy 7,305,567 — $0
May Brendan Director June 2, 2026 Sell 20,768 $6.42 $133,331
Shesky Craig Chief Financial Officer March 26, 2026 Sell 215,492 $4.53 $976,179
Shesky Craig Chief Financial Officer March 25, 2026 Sell 78,186 $4.58 $358,092
Shesky Craig Chief Financial Officer March 24, 2026 Sell 51,941 $4.74 $246,200
O'Sullivan Anthony Chief Development Officer December 2, 2025 Sell 50,000 $6.77 $338,500
O'Sullivan Anthony Chief Development Officer November 28, 2025 Sell 50,000 $6.51 $325,500

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 12, 2026 estimated from the company's past filing pattern, not announced

  • August 13, 2026
  • May 14, 2026
  • March 27, 2026
  • November 13, 2025
  • August 14, 2025
  • May 14, 2025

Recent SEC filings

Data status

When each part of this page on TMC The Metals Co Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

TMC The Metals Co Inc. in brief

What does TMC The Metals Co Inc. do?
TMC The Metals Co Inc. is a US-listed company in the diversified metals & mining industry. Its financial year ends in December.
What is TMC The Metals Co Inc.'s stock ticker?
TMC The Metals Co Inc. trades under the ticker TMC on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
Who are TMC The Metals Co Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are First Manhattan Co. Llc., Citadel Advisors LLC and Millennium Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Are insiders buying or selling TMC The Metals Co Inc. stock?
Over the last 12 months, TMC The Metals Co Inc.'s directors and officers reported 1 open-market purchases and 6 sales on Form 4. The insider trading page charts every trade.
When is TMC The Metals Co Inc.'s next earnings date?
Around November 12, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — TMC The Metals Co Inc. announces its own schedule.