Financial Statements — TMC
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.10 | 0.12 | 0.12 | 0.12 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.03 | 0.07 | 0.07 | 0.11 | 0.00 | 0.00 |
| Total Current Assets | 0.10 | 0.12 | 0.12 | 0.12 | 0.01 | 0.00 | 0.00 | 0.01 | 0.03 | 0.02 | 0.03 | 0.07 | 0.07 | 0.11 | 0.00 | 0.00 |
| Property, Plant & Equipment | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- |
| Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 0.08 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.30 | 0.30 |
| Total Assets | 0.18 | 0.18 | 0.18 | 0.17 | 0.06 | 0.06 | 0.06 | 0.07 | 0.09 | 0.08 | 0.09 | 0.12 | 0.12 | 0.16 | 0.30 | 0.30 |
| Accounts Payable | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.03 | 0.00 | 0.00 |
| Short-term Debt | -- | -- | -- | 0.00 | 0.01 | 0.01 | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 0.05 | 0.06 | 0.05 | 0.05 | 0.06 | 0.06 | 0.04 | 0.04 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.03 | 0.01 | 0.00 |
| Total Non-current Liabilities* | 0.16 | 0.16 | 0.17 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.05 | 0.03 |
| Total Liabilities | 0.21 | 0.21 | 0.22 | 0.09 | 0.08 | 0.08 | 0.07 | 0.06 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 |
| Retained Earnings | (1.03) | (0.97) | (0.91) | (0.73) | (0.65) | (0.61) | (0.59) | (0.57) | (0.50) | (0.49) | (0.48) | (0.37) | (0.33) | (0.28) | (0.05) | (0.04) |
| Total Stockholder Equity | (0.03) | (0.03) | (0.04) | 0.08 | (0.02) | (0.02) | (0.01) | 0.00 | 0.06 | 0.04 | 0.06 | 0.08 | 0.08 | 0.11 | (0.05) | (0.04) |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | -- | -- | -- | -- | -- | -- | -- | -- | 0.41 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Selling, General & Admin | 15.63 | 20.73 | 34.07 | 45.73 | 11.48 | 8.50 | 8.04 | 8.15 | 7.89 | 6.56 | 6.58 | 4.61 | 5.13 | 6.21 | 7.02 | 5.94 | 8.56 | 36.82 | 13.33 | 3.45 |
| Operating Income | (71.72) | (33.98) | (44.70) | (55.36) | (21.97) | (18.01) | (16.35) | (19.96) | (20.30) | (24.68) | (33.26) | (12.52) | (13.23) | (13.38) | (111.27) | (28.61) | (15.91) | (28.27) | (37.18) | (3.48) |
| Pretax Income | (60.01) | (20.55) | (40.38) | (184.39) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.12 | 0.04 | 0.02 | 0.12 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (60.12) | (20.60) | (40.40) | (184.52) | (74.34) | (20.59) | (16.06) | (20.52) | (20.17) | (25.19) | (47.21) | (12.47) | (14.11) | 0.00 | (109.57) | (27.89) | (21.12) | (119.34) | (36.65) | (17.18) |
| Basic EPS | 0.14 | 0.05 | 0.11 | 0.46 | 0.20 | 0.06 | 0.05 | 0.06 | 0.06 | 0.08 | 0.17 | 0.04 | 0.05 | -- | 0.44 | 0.12 | 0.09 | -- | -- | -- |
| Diluted EPS | 0.14 | 0.05 | 0.11 | 0.46 | 0.20 | 0.06 | 0.05 | 0.06 | 0.06 | 0.08 | 0.17 | 0.04 | 0.05 | -- | 0.44 | 0.12 | 0.09 | -- | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | (20.10) | (0.61) | (11.35) | (11.49) | (10.66) | (9.35) | (13.79) | (5.74) | (12.09) | (11.85) | (15.21) | (12.50) | (8.38) | (23.47) | (19.88) | (46.76) | (15.53) | (27.75) | (27.33) | (0.88) |
| Capital Expenditures | 0.03 | 0.04 | 0.11 | 0.02 | 0.05 | 0.07 | 0.05 | 0.05 | 0.08 | 0.34 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Free Cash Flow* | (20.13) | (0.65) | (11.46) | (11.51) | (10.71) | (9.42) | (13.84) | (5.79) | (12.16) | (12.19) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Investing Cash Flow | (0.88) | (0.04) | 0.24 | (0.02) | 0.30 | (0.07) | (0.05) | (0.05) | (0.07) | (0.34) | (5.40) | (0.10) | (0.07) | 5.00 | (0.21) | (0.96) | (0.21) | 0.00 | (3.84) | -- |
| Financing Cash Flow | 0.06 | 2.72 | 13.11 | 11.41 | 123.78 | 8.29 | 17.37 | 5.63 | 8.64 | 9.05 | 4.85 | 15.14 | 0.08 | -- | (0.05) | 29.77 | (0.08) | 0.00 | 134.70 | -- |
* Derived from reported values
