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Side-by-side financial comparison of Amber International Holding Ltd (AMBR) and TMC the metals Co Inc. (TMC). Click either name above to swap in a different company.

Amber International Holding Ltd is the larger business by last-quarter revenue ($1.9M vs $1.3M, roughly 1.5× TMC the metals Co Inc.). Amber International Holding Ltd runs the higher net margin — 87.5% vs -3136.5%, a 3224.0% gap on every dollar of revenue.

Amber Road, Inc. (NYSE: AMBR) was a US-based software company specializing in Global Trade Management (GTM) solutions. It was acquired by E2open in 2019.

The Metals Company, formerly DeepGreen Metals, is a Canadian deep sea mining exploration company. The company focuses on the mining of polymetallic nodules in the Clarion Clipperton Zone of the Pacific.

AMBR vs TMC — Head-to-Head

Bigger by revenue
AMBR
AMBR
1.5× larger
AMBR
$1.9M
$1.3M
TMC
Higher net margin
AMBR
AMBR
3224.0% more per $
AMBR
87.5%
-3136.5%
TMC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
AMBR
AMBR
TMC
TMC
Revenue
$1.9M
$1.3M
Net Profit
$1.6M
$-40.4M
Gross Margin
39.9%
Operating Margin
1.5%
-3470.9%
Net Margin
87.5%
-3136.5%
Revenue YoY
2425.5%
Net Profit YoY
-151.5%
EPS (diluted)
$0.02
$0.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMBR
AMBR
TMC
TMC
Q4 25
$1.3M
Q3 25
$1.3M
Q2 25
$1.9M
Q4 23
$205.0K
Q3 23
$319.0K
Q1 23
$454.0K
Q4 22
$567.0K
Q3 22
$352.0K
Net Profit
AMBR
AMBR
TMC
TMC
Q4 25
$-40.4M
Q3 25
$-184.5M
Q2 25
$1.6M
Q4 23
$-33.5M
Q3 23
$-12.5M
Q1 23
$-13.7M
Q4 22
$-109.6M
Q3 22
$-27.9M
Gross Margin
AMBR
AMBR
TMC
TMC
Q4 25
Q3 25
Q2 25
39.9%
Q4 23
Q3 23
Q1 23
Q4 22
Q3 22
Operating Margin
AMBR
AMBR
TMC
TMC
Q4 25
-3470.9%
Q3 25
-4134.4%
Q2 25
1.5%
Q4 23
-16223.9%
Q3 23
-3924.1%
Q1 23
-2947.8%
Q4 22
-19625.2%
Q3 22
-8127.0%
Net Margin
AMBR
AMBR
TMC
TMC
Q4 25
-3136.5%
Q3 25
-13780.2%
Q2 25
87.5%
Q4 23
-16321.5%
Q3 23
-3908.2%
Q1 23
-3028.2%
Q4 22
-19324.3%
Q3 22
-7924.4%
EPS (diluted)
AMBR
AMBR
TMC
TMC
Q4 25
$0.11
Q3 25
$0.46
Q2 25
$0.02
Q4 23
$0.12
Q3 23
$0.04
Q1 23
$0.05
Q4 22
$0.45
Q3 22
$0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMBR
AMBR
TMC
TMC
Cash + ST InvestmentsLiquidity on hand
$25.8M
$117.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$91.3M
$-33.4M
Total Assets
$248.2M
$181.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMBR
AMBR
TMC
TMC
Q4 25
$117.6M
Q3 25
$115.6M
Q2 25
$25.8M
Q4 23
$6.8M
Q3 23
$22.5M
Q1 23
$28.4M
Q4 22
$46.9M
Q3 22
$66.9M
Stockholders' Equity
AMBR
AMBR
TMC
TMC
Q4 25
$-33.4M
Q3 25
$-40.6M
Q2 25
$91.3M
Q4 23
$10.9M
Q3 23
$41.6M
Q1 23
$41.8M
Q4 22
$41.5M
Q3 22
$79.1M
Total Assets
AMBR
AMBR
TMC
TMC
Q4 25
$181.6M
Q3 25
$175.6M
Q2 25
$248.2M
Q4 23
$68.9M
Q3 23
$87.8M
Q1 23
$85.5M
Q4 22
$94.8M
Q3 22
$117.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMBR
AMBR
TMC
TMC
Operating Cash FlowLast quarter
$-4.1M
$-11.4M
Free Cash FlowOCF − Capex
$-11.5M
FCF MarginFCF / Revenue
-889.8%
Capex IntensityCapex / Revenue
8.2%
Cash ConversionOCF / Net Profit
-2.49×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMBR
AMBR
TMC
TMC
Q4 25
$-11.4M
Q3 25
$-11.5M
Q2 25
$-4.1M
Q4 23
$-15.2M
Q3 23
$-12.5M
Q1 23
$-23.5M
Q4 22
$-19.8M
Q3 22
$-8.6M
Free Cash Flow
AMBR
AMBR
TMC
TMC
Q4 25
$-11.5M
Q3 25
$-11.5M
Q2 25
Q4 23
Q3 23
$-12.6M
Q1 23
Q4 22
Q3 22
FCF Margin
AMBR
AMBR
TMC
TMC
Q4 25
-889.8%
Q3 25
-859.4%
Q2 25
Q4 23
Q3 23
-3951.4%
Q1 23
Q4 22
Q3 22
Capex Intensity
AMBR
AMBR
TMC
TMC
Q4 25
8.2%
Q3 25
1.5%
Q2 25
Q4 23
Q3 23
31.3%
Q1 23
Q4 22
Q3 22
Cash Conversion
AMBR
AMBR
TMC
TMC
Q4 25
Q3 25
Q2 25
-2.49×
Q4 23
Q3 23
Q1 23
Q4 22
Q3 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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