CORMEDIX INC. financials
Source: EDGAR filings · Built 2026-06-02T02:44:26Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 172.79M | -50.73M | -38.74M | -24.58M | -22.58M | -22.08M |
| EBITDA | 164.69M | -22.05M | -48.89M | -30.54M | -29.38M | -27.09M |
| Working Capital | 192.78M | 80.73M | 68.05M | 53.24M | 61.12M | 44.02M |
| Net Debt | -140.25M | -40.13M | -42.97M | -42.35M | -52.39M | -40.87M |
| Gross Margin | 88.46% | 92.66% | — | 94.29% | 22.00% | 14.37% |
| Operating Margin | 48.17% | -51.43% | — | -46819.91% | -15417.51% | -11378.44% |
| Net Margin | 52.31% | -41.24% | — | -45409.90% | -14774.70% | -9207.70% |
| Return on Equity (ROE) | 40.23% | -21.18% | -66.06% | -53.94% | -44.92% | -49.81% |
| Return on Assets (ROA) | 19.74% | -15.09% | -56.47% | -47.88% | -40.92% | -44.67% |
| Current Ratio | 2.11× | 3.39× | 6.97× | 9.44× | 12.44× | 11.58× |
| Debt-to-Equity | 0.01× | 0.01× | 0.01× | 0.01× | 0.01× | 0.02× |
| Effective Tax Rate | -8.69% | 7.22% | — | 1.93% | 4.24% | 19.01% |
| Cash Conversion Ratio | 1.07× | 2.82× | 0.83× | 0.82× | 0.75× | 1.00× |
| Accruals Ratio | -0.01× | 0.28× | -0.10× | -0.09× | -0.10× | -0.00× |
| SBC % of Revenue | 4.44% | 14.10% | — | 6221.75% | 2640.99% | 1044.94% |
| CapEx Coverage | 77.45× | -436.34× | -117.35× | -111.04× | -14.84× | -195.03× |
| Free Cash Flow Per Share | $2.15 | $-0.86 | $-0.76 | $-0.61 | $-0.60 | $-0.77 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 5.70× | — | — | — | — | — |
| P/FCF | 5.41× | — | — | — | — | — |
| FCF Yield | 18.50% | — | — | — | — | — |
| EV / EBITDA | 4.75× | — | — | — | — | — |
| P/S | 2.96× | 12.00× | — | 2762.36× | 907.60× | 1042.24× |
| P/B | 2.27× | 6.16× | 2.94× | 3.28× | 2.76× | 5.64× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 311.71M | 43.47M | — | 65.41K | 190.94K | 239.23K |
| Cost of Revenue | 22.09M | 3.03M | — | 3.73K | 148.94K | 204.85K |
| Gross Profit | 275.75M | 40.28M | — | 61.67K | 42.00K | 34.38K |
| Research and Development Expense | 19.33M | 3.94M | 13.16M | 10.68M | 13.13M | 13.38M |
| Selling, General and Administrative Expense | — | — | 35.80M | 20.01M | 16.35M | 13.88M |
| Operating Expenses | 125.61M | 62.64M | 48.96M | 30.69M | 29.48M | 27.26M |
| Operating Income (Loss) | 150.14M | -22.36M | -48.96M | -30.62M | -29.44M | -27.22M |
| Income Tax Expense (Benefit) | -13.04M | -1.40M | — | -585.62K | -1.25M | -5.17M |
| Net Income (Loss) Attributable to Parent | 163.06M | -17.93M | -46.34M | -29.70M | -28.21M | -22.03M |
| Earnings Per Share, Basic | $2.25 | $-0.30 | $-0.91 | $-0.74 | $-0.75 | — |
| Weighted Average Number of Shares Outstanding, Basic | 72.03M | 58.87M | 50.90M | 40.27M | 37.67M | — |
| Earnings Per Share, Diluted | $2.04 | $-0.30 | $-0.91 | $-0.74 | $-0.75 | — |
| Weighted Average Number of Shares Outstanding, Diluted | 80.31M | 58.87M | 50.90M | 40.27M | 37.67M | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 144.84M | 40.65M | 43.64M | 43.15M | 53.32M | 41.91M |
| Assets, Current | 367.05M | 114.58M | 79.45M | 59.55M | 66.47M | 48.18M |
| Assets | 826.14M | 118.85M | 82.06M | 62.04M | 68.95M | 49.31M |
| Liabilities, Current | 174.27M | 33.84M | 11.40M | 6.31M | 5.35M | 4.16M |
| Liabilities | 420.83M | 34.19M | 11.92M | 6.98M | 6.15M | 5.09M |
| Stockholders' Equity Attributable to Parent | 405.31M | 84.66M | 70.14M | 55.06M | 62.80M | 44.22M |
| Common Stock, Shares, Outstanding | 79.26M | 64.41M | 54.94M | 42.82M | 38.09M | 33.56M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 175.05M | -50.62M | -38.41M | -24.36M | -21.16M | -21.97M |
| Payments to Acquire Property, Plant, and Equipment | 2.26M | 116.00K | 327.30K | 219.36K | 1.43M | 112.64K |
| Net Cash Provided by (Used in) Investing Activities | -308.43M | 21.23M | -17.06M | -3.71M | -9.13M | 7.43M |
| Net Cash Provided by (Used in) Financing Activities | 238.45M | 26.32M | 55.92M | 17.90M | 41.76M | 40.10M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 41.65M | 92.74M | 80.04M | 49.69M | 19.73M | -5.63M |
| EBITDA | 74.20M | 69.56M | — | — | 20.29M | 13.07M |
| Working Capital | 254.34M | 192.78M | 125.89M | 216.35M | 110.47M | 80.73M |
| Net Debt | — | -140.25M | 250.43M | -158.87M | -65.81M | -40.13M |
| Gross Margin | 82.50% | 83.43% | 89.26% | 95.31% | 95.91% | 96.24% |
| Operating Margin | 49.96% | 45.97% | 49.24% | 49.18% | 51.49% | 41.45% |
| Net Margin | 30.29% | 10.90% | 104.11% | 49.90% | 52.82% | 43.14% |
| Return on Equity (ROE) | 8.83% | 3.46% | 29.02% | 8.99% | 17.97% | 15.90% |
| Return on Assets (ROA) | 4.73% | 1.70% | 14.46% | 7.85% | 13.80% | 11.33% |
| Current Ratio | 2.98× | 2.11× | 1.94× | 7.82× | 4.21× | 3.39× |
| Debt-to-Equity | — | 0.01× | 0.80× | 0.00× | 0.00× | 0.01× |
| Effective Tax Rate | 30.63% | 75.16% | -106.49% | 2.56% | 0.00% | -0.00% |
| Cash Conversion Ratio | 1.10× | 6.74× | 0.74× | 2.51× | 0.96× | -0.42× |
| Accruals Ratio | -0.00× | -0.10× | 0.04× | -0.12× | 0.01× | 0.16× |
| SBC % of Revenue | 3.60% | 2.79% | 3.90% | 6.74% | 8.96% | 3.82% |
| CapEx Coverage | 58.14× | 54.92× | 149.26× | 1457.37× | 1973.70× | -553.79× |
| Free Cash Flow Per Share | $0.45 | $1.15 | $0.93 | $0.69 | $0.29 | $-0.10 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 3.33× | 6.09× | 5.59× | 16.00× | 25.67× | — |
| P/S | 1.33× | 2.96× | 4.25× | 7.57× | 5.05× | — |
| P/B | 1.22× | 2.27× | 2.44× | 4.17× | 3.63× | 6.16× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 127.43M | — | — | — | 39.08M | — |
| Revenues | — | 128.62M | 104.28M | 39.74M | 39.08M | 31.21M |
| Cost of Revenue | 12.01M | 11.17M | 7.57M | 1.86M | 1.54M | 1.12M |
| Gross Profit | 105.12M | 107.31M | 93.08M | 37.87M | 37.48M | 30.03M |
| Research and Development Expense | 7.21M | 8.60M | 5.10M | 2.44M | 3.19M | 1.73M |
| Operating Expenses | 41.46M | 48.18M | 41.73M | 18.33M | 17.36M | 17.10M |
| Operating Income (Loss) | 63.66M | 59.13M | 51.35M | 19.54M | 20.13M | 12.94M |
| Income Tax Expense (Benefit) | 17.04M | 42.43M | -55.99M | 521.51K | 0 | -230 |
| Net Income (Loss) Attributable to Parent | 38.60M | 14.02M | 108.56M | 19.83M | 20.64M | 13.46M |
| Earnings Per Share, Basic | $0.48 | $0.13 | $1.42 | $0.29 | $0.32 | $0.24 |
| Weighted Average Number of Shares Outstanding, Basic | 79.51M | 72.03M | 75.93M | 67.93M | 65.24M | 58.87M |
| Earnings Per Share, Diluted | $0.43 | $0.07 | $1.26 | $0.28 | $0.30 | $0.24 |
| Weighted Average Number of Shares Outstanding, Diluted | 92.98M | 80.31M | 86.21M | 71.92M | 68.97M | 58.87M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 178.09M | 144.84M | 48.49M | 159.31M | 66.29M | 40.65M |
| Assets, Current | 383.11M | 367.05M | 259.54M | 248.06M | 144.86M | 114.58M |
| Assets | 815.64M | 826.14M | 750.86M | 252.60M | 149.58M | 118.85M |
| Liabilities, Current | 128.78M | 174.27M | 133.64M | 31.71M | 34.39M | 33.84M |
| Liabilities | 378.59M | 420.83M | 376.73M | 31.97M | 34.69M | 34.19M |
| Stockholders' Equity Attributable to Parent | 437.05M | 405.31M | 374.13M | 220.63M | 114.89M | 84.66M |
| Common Stock, Shares, Outstanding | 78.40M | 79.26M | 78.35M | 74.62M | 67.71M | 64.41M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 42.38M | 94.46M | 80.58M | 49.73M | 19.74M | -5.61M |
| Payments to Acquire Property, Plant, and Equipment | 729.00K | 1.72M | 539.90K | 34.12K | 10.00K | 10.14K |
| Net Cash Provided by (Used in) Investing Activities | 2.96M | 3.30M | -311.73M | -20.41M | -195.00K | -303.87K |
| Payments for Repurchase of Common Stock | 11.09M | — | — | — | 0 | — |
| Net Cash Provided by (Used in) Financing Activities | -12.10M | -1.41M | 239.87M | 89.34M | 6.09M | 11.29M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (CRMD CIK 0001410098),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.