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27 /100
MEDIUM RISK
Score updated Oct 13, 2026

TMC — TMC the metals company Inc. Dilution Risk Tracker

Track TMC dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, TMC the metals company Inc. (TMC) has a DilutionWatch DilutionScore of 27/100, rated MEDIUM dilution risk. TMC the metals company Inc. has a market capitalization of $1.27B, 441.14M shares outstanding, 10 institutional holders tracked.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
42
💰 Cash Runway
10
📊 Float Risk
37
⚠️ Warrant Exposure
40
🔄 Convertible Debt
15

Dilution Forecast

☀️
Clear
No significant dilution signals
model est. 0%
No significant dilution signals detected for TMC.
🔔 Track TMC — Get forecast alerts →

Market Data

Market Cap$1.27B
Shares Outstanding441.14M
Float248.91M
Cash$98.66M
Debt$2.48M
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore27/100DilutionWatch score record
Shares Outstanding441.14MVerified float table or market cache
Public Float248.91MVerified float table or market cache
Market Cap$1.27BMarket data cache
Cash Runway26.1 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding WarrantsNone in current score inputsSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 7.

Recent SEC source mix: 4 5, XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

10 institutional holders · 35.23M shares
#1 First Manhattan Co. LLC 15.32M shares
#2 Susquehanna International Group, LLP 4.80M shares
#3 Jane Street Group, LLC 3.15M shares
+ 7 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest30.00M
Days to Cover6.6
% of Float12.1%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-03-31
xbrl XBRL CONVERTIBLE 2023-03-27
4 INSIDER TRANSACTION 2026-03-26
4 INSIDER TRANSACTION 2026-03-24
4 INSIDER TRANSACTION 2026-02-10
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual TMC Dilution Snapshot

TMC the metals company Inc. (TMC) has a DilutionScore of 27/100, rated Medium dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

TMC's DilutionScore is currently 27/100 (Medium risk), with 3 score changes tracked over 89 days. The score improved from 19/100 (Low risk).

Period Score Risk Level Duration
Oct 10 – Oct 13, 202627/100MEDIUM4 days
Sep 29 – Oct 09, 202619/100LOW11 days
Aug 22 – Sep 28, 202620/100LOW38 days
Jul 16 – Aug 21, 202619/100LOW36 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

TMC shares outstanding have increased 4.8% from 413.49M (Mar 2026) to 433.19M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 04, 2026433.19M248.91M▲ 4.54%
May 02, 2026433.19M238.10M▼ 0.83%
Apr 26, 2026433.19M240.09M▲ 0.03%
Apr 15, 2026433.19M240.02M▼ 0.03%
Apr 07, 2026422.97M240.09M▲ 4.45%
Apr 01, 2026422.97M229.87M▲ 1.96%
Mar 31, 2026422.97M225.45M▲ 0.16%
Mar 28, 2026413.49M225.10M▲ 2.29%
Mar 27, 2026413.49M220.06M▼ 0.25%
Mar 05, 2026413.49M220.62M▲ 0.12%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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