vs
Side-by-side financial comparison of AVAX ONE TECHNOLOGY LTD. (AVX) and TMC the metals Co Inc. (TMC). Click either name above to swap in a different company.
TMC the metals Co Inc. is the larger business by last-quarter revenue ($1.3M vs $1.0M, roughly 1.3× AVAX ONE TECHNOLOGY LTD.). AVAX ONE TECHNOLOGY LTD. runs the higher net margin — -1633.6% vs -3136.5%, a 1502.9% gap on every dollar of revenue.
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.
AVX vs TMC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0M | $1.3M |
| Net Profit | $-16.6M | $-40.4M |
| Gross Margin | — | — |
| Operating Margin | -1522.1% | -3470.9% |
| Net Margin | -1633.6% | -3136.5% |
| Revenue YoY | — | 2425.5% |
| Net Profit YoY | -480.2% | -151.5% |
| EPS (diluted) | $32.17 | $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.
| Q4 25 | $1.0M | $1.3M | ||
| Q3 25 | $525.9K | $1.3M | ||
| Q2 25 | $452.0K | — | ||
| Q1 25 | $344.4K | — | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $41.3K | — | ||
| Q4 23 | — | $205.0K | ||
| Q3 23 | — | $319.0K |
| Q4 25 | $-16.6M | $-40.4M | ||
| Q3 25 | $-8.4M | $-184.5M | ||
| Q2 25 | $-8.1M | — | ||
| Q1 25 | $-145.5K | — | ||
| Q3 24 | $-5.8M | — | ||
| Q2 24 | $-4.2M | — | ||
| Q4 23 | — | $-33.5M | ||
| Q3 23 | — | $-12.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 22.9% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 18.4% | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — |
| Q4 25 | -1522.1% | -3470.9% | ||
| Q3 25 | -496.6% | -4134.4% | ||
| Q2 25 | -328.4% | — | ||
| Q1 25 | -600.0% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -2827.7% | — | ||
| Q4 23 | — | -16223.9% | ||
| Q3 23 | — | -3924.1% |
| Q4 25 | -1633.6% | -3136.5% | ||
| Q3 25 | -1588.0% | -13780.2% | ||
| Q2 25 | -1783.4% | — | ||
| Q1 25 | -42.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -10243.5% | — | ||
| Q4 23 | — | -16321.5% | ||
| Q3 23 | — | -3908.2% |
| Q4 25 | $32.17 | $0.11 | ||
| Q3 25 | $-5.55 | $0.46 | ||
| Q2 25 | $-27.60 | — | ||
| Q1 25 | $-1.17 | — | ||
| Q3 24 | $-57.19 | — | ||
| Q2 24 | $-83.03 | — | ||
| Q4 23 | — | $0.12 | ||
| Q3 23 | — | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $22.1M | $117.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $187.0M | $-33.4M |
| Total Assets | $195.0M | $181.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.1M | $117.6M | ||
| Q3 25 | $894.7K | $115.6M | ||
| Q2 25 | $185.3K | — | ||
| Q1 25 | $1.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q4 23 | — | $6.8M | ||
| Q3 23 | — | $22.5M |
| Q4 25 | — | — | ||
| Q3 25 | $1.8M | — | ||
| Q2 25 | $8.6M | — | ||
| Q1 25 | $10.2M | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $3.1M | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — |
| Q4 25 | $187.0M | $-33.4M | ||
| Q3 25 | $12.2M | $-40.6M | ||
| Q2 25 | $4.1M | — | ||
| Q1 25 | $6.4M | — | ||
| Q3 24 | $6.7M | — | ||
| Q2 24 | $11.3M | — | ||
| Q4 23 | — | $10.9M | ||
| Q3 23 | — | $41.6M |
| Q4 25 | $195.0M | $181.6M | ||
| Q3 25 | $16.5M | $175.6M | ||
| Q2 25 | $15.2M | — | ||
| Q1 25 | $16.8M | — | ||
| Q3 24 | $10.8M | — | ||
| Q2 24 | $15.7M | — | ||
| Q4 23 | — | $68.9M | ||
| Q3 23 | — | $87.8M |
| Q4 25 | — | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 2.11× | — | ||
| Q1 25 | 1.59× | — | ||
| Q3 24 | 0.33× | — | ||
| Q2 24 | 0.28× | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-14.4M | $-11.4M |
| Free Cash FlowOCF − Capex | — | $-11.5M |
| FCF MarginFCF / Revenue | — | -889.8% |
| Capex IntensityCapex / Revenue | — | 8.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.4M | $-11.4M | ||
| Q3 25 | $-2.4M | $-11.5M | ||
| Q2 25 | $-884.1K | — | ||
| Q1 25 | $-2.2M | — | ||
| Q3 24 | $-1.2M | — | ||
| Q2 24 | $-919.2K | — | ||
| Q4 23 | — | $-15.2M | ||
| Q3 23 | — | $-12.5M |
| Q4 25 | — | $-11.5M | ||
| Q3 25 | — | $-11.5M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | $-12.6M |
| Q4 25 | — | -889.8% | ||
| Q3 25 | — | -859.4% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | -3951.4% |
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | 31.3% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
