8-K Announcements
6Apr 27, 2026·SEC
Mar 6, 2026·SEC
Mar 5, 2026·SEC
CorMedix Inc. (CRMD) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
CorMedix Inc. (CRMD) stock price & volume — 10-year historical chart
CorMedix Inc. (CRMD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
CorMedix Inc. (CRMD) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 5, 2026 | $0.61vs $0.86-29.1% | $129Mvs $127M+1.3% |
| Q4 2025 | Nov 12, 2025 | $0.57vs $0.48+18.8% | $104Mvs $127M-17.9% |
| Q3 2025 | Aug 7, 2025 | $0.28vs $0.20+40.0% | $40Mvs $42M-6.4% |
| Q2 2025 | May 6, 2025 | $0.30vs $0.25+20.0% | $39Mvs $30M+30.8% |
CorMedix Inc. (CRMD) competitors in Vaccines and Infectious Disease — business model, growth, and fundamentals comparison
CorMedix Inc. (CRMD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CorMedix Inc. (CRMD) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 329.33K | 429.8K | 283.27K | 239.23K | 190.94K | 65.41K | 0 | 43.47M | 311.71M |
| Revenue Growth % | 46.95% | 30.51% | -34.09% | -15.55% | -20.19% | -65.74% | -100% | - | 617.03% |
| Cost of Goods Sold | 114.96K | 396.79K | 373.23K | 204.85K | 148.94K | 3.73K | 205.56K | 3.19M | 35.96M |
| COGS % of Revenue | 34.91% | 92.32% | 131.76% | 85.63% | 78% | 5.71% | - | 7.34% | 11.54% |
| Gross Profit | 214.36K▲ 0% | 33.01K▼ 84.6% | -89.97K▼ 372.5% | 34.38K▲ 138.2% | 42K▲ 22.1% | 61.67K▲ 46.8% | -205.56K▼ 433.3% | 40.28M▲ 19695.9% | 275.75M▲ 584.6% |
| Gross Margin % | 65.09% | 7.68% | -31.76% | 14.37% | 22% | 94.29% | - | 92.66% | 88.46% |
| Gross Profit Growth % | 250.36% | -84.6% | -372.54% | 138.22% | 22.14% | 46.85% | -433.3% | 19695.86% | 584.55% |
| Operating Expenses | 33.14M | 26.9M | 20.92M | 27.26M | 29.48M | 30.69M | 48.75M | 62.64M | 125.61M |
| OpEx % of Revenue | 10062.48% | 6258.12% | 7384.55% | 11392.81% | 15439.51% | 46914.2% | - | 144.09% | 40.3% |
| Selling, General & Admin | 8.65M | 8.07M | 0 | 13.88M | 16.35M | 20.01M | 35.6M | 58.7M | 30.17M |
| SG&A % of Revenue | 2627.28% | 1878.73% | - | 5801.06% | 8561.3% | 30586.61% | - | 135.02% | 9.68% |
| Research & Development | 24.49M | 18.82M | 11.05M | 13.38M | 13.13M | 10.68M | 13.16M | 3.94M | 19.33M |
| R&D % of Revenue | 7435.2% | 4379.39% | 3901.95% | 5591.75% | 6878.21% | 16327.59% | - | 9.07% | 6.2% |
| Other Operating Expenses | 0 | 0 | 9.87M | 0 | 0 | 0 | 0 | 0 | 76.11M |
| Operating Income | -32.92M▲ 0% | -26.86M▲ 18.4% | -21.01M▲ 21.8% | -27.22M▼ 29.6% | -29.44M▼ 8.1% | -30.62M▼ 4.0% | -48.96M▼ 59.9% | -22.36M▲ 54.3% | 150.14M▲ 771.6% |
| Operating Margin % | -9997.39% | -6250.44% | -7416.31% | -11378.44% | -15417.51% | -46819.91% | - | -51.43% | 48.17% |
| Operating Income Growth % | -32.97% | 18.41% | 21.8% | -29.57% | -8.14% | -4.03% | -59.87% | 54.34% | 771.58% |
| EBITDA | -32.89M | -26.79M | -20.93M | -27.08M | -29.26M | -30.41M | -48.89M | -22.05M | 165.13M |
| EBITDA Margin % | -9986.19% | -6233.17% | -7390.44% | -11318.46% | -15324.8% | -46500.32% | - | -50.71% | 52.98% |
| EBITDA Growth % | -32.96% | 18.54% | 21.86% | -29.34% | -8.06% | -3.95% | -60.73% | 54.9% | 849% |
| D&A (Non-Cash Add-back) | 36.89K | 74.22K | 73.29K | 143.49K | 177.02K | 209.04K | 70.75K | 309.78K | 14.99M |
| EBIT | -33M | -26.83M | -21.01M | -27.16M | -29.44M | -30.26M | -46.3M | -19.29M | 150.14M |
| Net Interest Income | 105.09K | 34.74K | -464.82K | 82.84K | -1.54K | 299.5K | 2.68M | 2.54M | 1.06M |
| Interest Income | 110.71K | 36.62K | 322.67K | 116.06K | 14.4K | 326.02K | 2.68M | 2.58M | 3.85M |
| Interest Expense | 5.62K | 1.87K | 787.49K | 33.23K | 15.94K | 26.52K | 0 | 36.41K | 2.78M |
| Other Income/Expense | -85.8K | 34.57K | 9.64M | 23.67K | -22.83K | 336.65K | 2.62M | 3.03M | -125K |
| Pretax Income | -33.01M▲ 0% | -26.83M▲ 18.7% | -11.37M▲ 57.6% | -27.2M▼ 139.2% | -29.46M▼ 8.3% | -30.29M▼ 2.8% | -46.34M▼ 53.0% | -19.32M▲ 58.3% | 150.02M▲ 876.3% |
| Pretax Margin % | -10023.45% | -6242.4% | -4014.71% | -11368.54% | -15429.47% | -46305.23% | - | -44.45% | 48.13% |
| Income Tax | -31.27K | 36.44K | 5.06M | -5.17M | -1.25M | -585.62K | 0 | -1.39M | -13.04M |
| Effective Tax Rate % | 0.09% | -0.14% | -44.5% | 19.01% | 4.24% | 1.93% | 0% | 7.22% | -8.69% |
| Net Income | -33.01M▲ 0% | -26.83M▲ 18.7% | -16.43M▲ 38.8% | -22.03M▼ 34.0% | -28.21M▼ 28.1% | -29.7M▼ 5.3% | -46.34M▼ 56.0% | -17.93M▲ 61.3% | 163.06M▲ 1009.4% |
| Net Margin % | -10023.45% | -6242.4% | -5801.29% | -9207.7% | -14774.7% | -45409.9% | - | -41.24% | 52.31% |
| Net Income Growth % | -33.95% | 18.72% | 38.75% | -34.04% | -28.07% | -5.29% | -56.02% | 61.31% | 1009.4% |
| Net Income (Continuing) | -33.01M | -26.83M | -16.43M | -22.03M | -28.21M | -29.7M | -46.34M | -17.93M | 163.06M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.99▲ 0% | -1.51▲ 49.5% | -0.68▲ 55.0% | -0.77▼ 13.2% | -0.75▲ 2.6% | -0.74▲ 1.3% | -0.91▼ 23.0% | -0.30▲ 67.0% | 2.04▲ 780.0% |
| EPS Growth % | 8% | 49.5% | 54.97% | -13.24% | 2.6% | 1.33% | -22.97% | 67.03% | 780% |
| EPS (Basic) | -2.99 | -1.51 | -0.68 | -0.77 | -0.75 | -0.74 | -0.91 | -0.30 | 2.25 |
| Diluted Shares Outstanding | 11.03M | 17.82M | 24.15M | 28.56M | 37.67M | 40.27M | 50.9M | 58.87M | 80.31M |
| Basic Shares Outstanding | 11.03M | 17.82M | 24.15M | 28.56M | 37.61M | 40.14M | 50.9M | 58.87M | 72.03M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
CorMedix Inc. (CRMD) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 13.27M | 18.67M | 29.35M | 48.18M | 66.47M | 59.55M | 79.45M | 114.58M | 350.47M |
| Cash & Short-Term Investments | 11.98M | 17.62M | 28.51M | 46.35M | 65.47M | 59.02M | 76.03M | 51.69M | 149.52M |
| Cash Only | 10.38M | 17.62M | 16.53M | 41.91M | 53.32M | 43.37M | 43.64M | 40.65M | 145.82M |
| Short-Term Investments | 1.6M | 0 | 11.98M | 4.44M | 12.15M | 15.64M | 32.39M | 11.04M | 3.69M |
| Accounts Receivable | 64.15K | 10.9K | 0 | 3.36K | 45.37K | 0 | 0 | 51.65M | 171.23M |
| Days Sales Outstanding | 71.1 | 9.26 | - | 5.12 | 86.73 | - | - | 433.69 | 200.51 |
| Inventory | 594.19K | 428.51K | 338.46K | 143.56K | 3.01K | 0 | 2.11M | 7.6M | 29.72M |
| Days Inventory Outstanding | 1.89K | 394.19 | 331 | 255.81 | 7.37 | - | 3.74K | 869.39 | 301.61 |
| Other Current Assets | 258.2K | 179.67K | 54.83K | 273.52K | 902.05K | -91.3K | 959.67K | 3.48M | 0 |
| Total Non-Current Assets | 186.28K | 160.86K | 126.82K | 1.13M | 2.48M | 2.49M | 2.61M | 4.27M | 425.35M |
| Property, Plant & Equipment | 186.28K | 160.86K | 126.82K | 1.13M | 2.37M | 2.38M | 2.51M | 2.32M | 9.93M |
| Fixed Asset Turnover | 1.77x | 2.67x | 2.23x | 0.21x | 0.08x | 0.03x | - | 18.73x | 31.41x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.84M | 379.07M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 102.31K | 102.32K | 103.06K | 105.37K | -9.93M |
| Total Assets | 13.45M▲ 0% | 18.83M▲ 39.9% | 29.48M▲ 56.6% | 49.31M▲ 67.3% | 68.95M▲ 39.8% | 62.04M▼ 10.0% | 82.06M▲ 32.3% | 118.85M▲ 44.8% | 826.14M▲ 595.1% |
| Asset Turnover | 0.02x | 0.02x | 0.01x | 0.00x | 0.00x | 0.00x | - | 0.37x | 0.38x |
| Asset Growth % | -38.58% | 39.93% | 56.57% | 67.28% | 39.83% | -10.02% | 32.27% | 44.83% | 595.14% |
| Total Current Liabilities | 6.26M | 7.77M | 5.83M | 4.16M | 5.35M | 6.31M | 11.4M | 33.84M | 174.27M |
| Accounts Payable | 1.81M | 2.59M | 1.02M | 1.13M | 2.21M | 2.2M | 4.28M | 1.72M | 7.88M |
| Days Payables Outstanding | 5.74K | 2.38K | 1K | 2.01K | 5.41K | 215.26K | 7.6K | 196.79 | 80.02 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 88.4K | 11.03K | 2.21K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 3.61M | 4.06M | 3.51M | 0 | 0 | 0 | 0 | 0 | 152.18M |
| Current Ratio | 2.12x | 2.40x | 5.04x | 11.58x | 12.44x | 9.44x | 6.97x | 3.39x | 2.01x |
| Quick Ratio | 2.02x | 2.35x | 4.98x | 11.54x | 12.43x | 9.44x | 6.78x | 3.16x | 1.84x |
| Cash Conversion Cycle | -3.78K | -1.98K | - | -1.75K | -5.32K | - | - | 1.11K | 422.1 |
| Total Non-Current Liabilities | 0 | 6.13M | 2.68K | 923.71K | 802.43K | 667.63K | 517.01K | 349.09K | 246.57M |
| Long-Term Debt | 0 | 6.13M | 0 | 0 | 0 | 0 | 0 | 0 | 144.63M |
| Capital Lease Obligations | 0 | 0 | 2.68K | 923.71K | 802.43K | 667.63K | 517.01K | 349.09K | 2.84M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 99.1M |
| Total Liabilities | 6.26M | 13.89M | 5.83M | 5.09M | 6.15M | 6.98M | 11.92M | 34.19M | 420.83M |
| Total Debt | 0 | 6.13M | 4.69K | 1.03M | 923.8K | 802.43K | 667.63K | 517.01K | 148.91M |
| Net Debt | -10.38M | -11.5M | -16.52M | -40.87M | -52.39M | -42.57M | -42.98M | -40.13M | 3.09M |
| Debt / Equity | - | - | - | 0.02x | 0.01x | 0.01x | 0.01x | 0.01x | 0.37x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | 0.90x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | 0.02x |
| Interest Coverage | -5873.70x | -14323.42x | -26.68x | -817.55x | -1846.86x | -1141.27x | - | -529.83x | 53.97x |
| Total Equity | -152.17M▲ 0% | -178.99M▼ 17.6% | -195.42M▼ 9.2% | 44.22M▲ 122.6% | 62.8M▲ 42.0% | 55.06M▼ 12.3% | 70.14M▲ 27.4% | 84.66M▲ 20.7% | 405.31M▲ 378.8% |
| Equity Growth % | -954.22% | -17.62% | -9.18% | 122.63% | 42% | -12.32% | 27.39% | 20.69% | 378.76% |
| Book Value per Share | -13.80 | -10.05 | -8.09 | 1.55 | 1.67 | 1.37 | 1.38 | 1.44 | 5.05 |
| Total Shareholders' Equity | -152.17M | -178.99M | -195.42M | 44.22M | 62.8M | 55.06M | 70.14M | 84.66M | 405.31M |
| Common Stock | 71.41K | 108.88K | 25.66K | 33.56K | 38.09K | 42.81K | 54.94K | 64.41K | 79K |
| Retained Earnings | -152.17M | -178.99M | -195.42M | -217.45M | -245.66M | -275.36M | -321.7M | -339.63M | -176.57M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 98.43K | 96.52K | 97.26K | 102K | 87.13K | 82.74K | 94.11K | 90.65K | 3K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CorMedix Inc. (CRMD) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -28.59M | -23.7M | -15.05M | -21.97M | -21.16M | -24.36M | -38.41M | -50.61M | 175.05M |
| Operating CF Margin % | -8680.48% | -5514.36% | -5313.74% | -9182.61% | -11079.75% | -37238.15% | - | -116.43% | 56.16% |
| Operating CF Growth % | -28.39% | 17.09% | 36.49% | -45.94% | 3.7% | -15.13% | -57.7% | -31.78% | 445.84% |
| Net Income | -33.01M | -26.83M | -16.43M | -22.03M | -28.21M | -29.7M | -46.34M | -17.93M | 163.06M |
| Depreciation & Amortization | 36.89K | 74.22K | 73.29K | 127.96K | 61.89K | 84.62K | 70.75K | 309.78K | 0 |
| Stock-Based Compensation | 1.66M | 1.11M | 2.44M | 2.5M | 5.04M | 4.07M | 5.49M | 6.13M | 0 |
| Deferred Taxes | -4.57M | -3.13M | -578.95K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 4.42M | 3.13M | 1.38M | 78.37K | 115.13K | 124.42K | 134.81K | 284.58K | 4.72M |
| Working Capital Changes | 2.88M | 1.94M | -1.93M | -2.65M | 1.84M | 1.07M | 2.23M | -39.41M | 7.27M |
| Change in Receivables | -47.6K | 51.99K | 10.63K | -3.09K | -44.08K | 42.14K | 0 | -51.79M | -90.92M |
| Change in Inventory | -100.46K | 165.68K | 59.28K | 149.6K | 145.46K | 3.01K | -2.11M | -5.49M | -3.48M |
| Change in Payables | 157.53K | 782.06K | -1.56M | 103.33K | 1.08M | -6.57K | 2.08M | -2.56M | 3.33M |
| Cash from Investing | 10.36M | 1.56M | -12.02M | 7.43M | -9.13M | -3.71M | -17.06M | 21.23M | -308.43M |
| Capital Expenditures | -151.99K | -48.89K | -36.57K | -112.64K | -1.43M | -219.36K | -327.3K | -115.73K | -2.26M |
| CapEx % of Revenue | 46.15% | 11.38% | 12.91% | 47.08% | 746.5% | 335.37% | - | 0.27% | 0.73% |
| Acquisitions | 0 | 0 | 11.98M | 0 | 0 | 0 | 0 | 0 | -308.51M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 10.51M | 1.6M | -11.98M | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 20.52M | 29.4M | 25.8M | 40.1M | 41.76M | 17.9M | 55.92M | 26.32M | 238.45M |
| Debt Issued (Net) | 0 | 7.5M | 0 | 0 | 0 | 0 | 0 | 0 | 144.08M |
| Equity Issued (Net) | 20.52M | 21.97M | 15.23M | 39.69M | 41.46M | 17.77M | 55.83M | 18.88M | 96.55M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 6.8K | -70.94K | 10.57M | 411.75K | 301.92K | 128.63K | 89.3K | 7.44M | -2.18M |
| Net Change in Cash | 2.32M▲ 0% | 7.24M▲ 212.9% | -1.27M▼ 117.5% | 25.57M▲ 2113.3% | 11.45M▼ 55.2% | -10.18M▼ 188.8% | 448.45K▲ 104.4% | -3.07M▼ 783.9% | 105.07M▲ 3525.7% |
| Free Cash Flow | -28.74M▲ 0% | -23.75M▲ 17.4% | -15.09M▲ 36.5% | -22.08M▼ 46.3% | -22.58M▼ 2.3% | -24.58M▼ 8.8% | -38.74M▼ 57.6% | -50.73M▼ 31.0% | 172.79M▲ 440.6% |
| FCF Margin % | -8726.64% | -5525.74% | -5326.65% | -9229.69% | -11826.24% | -37573.53% | - | -116.7% | 55.43% |
| FCF Growth % | -28.74% | 17.36% | 36.47% | -46.34% | -2.27% | -8.84% | -57.62% | -30.96% | 440.6% |
| FCF per Share | -2.61 | -1.33 | -0.62 | -0.77 | -0.60 | -0.61 | -0.76 | -0.86 | 2.15 |
| FCF Conversion (FCF/Net Income) | 0.87x | 0.88x | 0.92x | 1.00x | 0.75x | 0.82x | 0.83x | 2.82x | 1.07x |
| Interest Paid | 5.62K | 1.87K | 12.55K | 33.23K | 15.94K | 26.52K | 34.3K | 36.41K | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CorMedix Inc. (CRMD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -95.1% | - | - | - | -49.81% | -52.72% | -50.4% | -74.02% | -23.17% | 66.56% |
| Return on Invested Capital (ROIC) | -116.27% | - | - | - | -609.35% | -321.02% | -200.66% | -185.19% | -46.78% | 49.72% |
| Gross Margin | -63.62% | 65.09% | 7.68% | -31.76% | 14.37% | 22% | 94.29% | - | 92.66% | 88.46% |
| Net Margin | -10996.46% | -10023.45% | -6242.4% | -5801.29% | -9207.7% | -14774.7% | -45409.9% | - | -41.24% | 52.31% |
| Debt / Equity | - | - | - | - | 0.02x | 0.01x | 0.01x | 0.01x | 0.01x | 0.37x |
| Interest Coverage | -18797.58x | -5873.70x | -14323.42x | -26.68x | -817.55x | -1846.86x | -1141.27x | - | -529.83x | 53.97x |
| FCF Conversion | 0.90x | 0.87x | 0.88x | 0.92x | 1.00x | 0.75x | 0.82x | 0.83x | 2.82x | 1.07x |
| Revenue Growth | 6.65% | 46.95% | 30.51% | -34.09% | -15.55% | -20.19% | -65.74% | -100% | - | 617.03% |
CorMedix Inc. (CRMD) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 27, 2026·SEC
Mar 6, 2026·SEC
Mar 5, 2026·SEC
CorMedix Inc. (CRMD) stock FAQ — growth, dividends, profitability & financials explained
CorMedix Inc. (CRMD) reported $311.7M in revenue for fiscal year 2025.
CorMedix Inc. (CRMD) grew revenue by 617.0% over the past year. This is strong growth.
Yes, CorMedix Inc. (CRMD) is profitable, generating $163.1M in net income for fiscal year 2025 (52.3% net margin).
CorMedix Inc. (CRMD) has a return on equity (ROE) of 66.6%. This is excellent, indicating efficient use of shareholder capital.
CorMedix Inc. (CRMD) generated $174.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
CorMedix Inc. (CRMD) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates