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Home›CRMD›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

CorMedix Inc. (CRMD) financials

Income statement

CorMedix Inc. (CRMD) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$224K$329K$430K$283K$239K$191K$65.4K—$43.5M$312M
Revenue growth—47.0%30.5%-34.1%-15.5%-20.2%-65.7%——617.0%
Gross profit-$143K$214K$33.0K-$90.0K$34.4K$42.0K$61.7K—$40.3M$276M
Gross margin-63.6%65.1%7.7%-31.8%14.4%22.0%94.3%—92.7%88.5%
Operating income-$24.8M-$32.9M-$26.9M-$21.0M-$27.2M-$29.4M-$30.6M-$49.0M-$22.4M$150M
Operating margin-11048.8%-9997.4%-6250.4%-7416.3%-11378.4%-15417.5%-46819.9%—-51.4%48.2%
Net income-$24.6M-$33.0M-$26.8M-$16.4M-$22.0M-$28.2M-$29.7M-$46.3M-$17.9M$163M
Net margin-10996.5%-10023.4%-6242.4%-5801.3%-9207.7%-14774.7%-45409.9%—-41.2%52.3%
EPS (diluted)-$0.65-$0.60-$1.51-$1.80-$0.77-$0.75-$0.74-$0.91-$0.30$2.04

Cash flow

CorMedix Inc. (CRMD) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-$22.3M-$28.6M-$23.7M-$15.1M-$22.0M-$21.2M-$24.4M-$38.4M-$50.6M$175M
Capital expenditures$58.7K$152K$48.9K$36.6K$113K$1.43M$219K$327K$116K$2.26M
Free cash flow-$22.3M-$28.7M-$23.7M-$15.1M-$22.1M-$22.6M-$24.6M-$38.7M-$50.7M$173M

Balance sheet

CorMedix Inc. (CRMD) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$8.06M$10.4M$17.6M$16.4M$41.9M$53.3M$43.1M$43.6M$40.7M$145M
Total assets$21.9M$13.5M$18.8M$29.5M$49.3M$68.9M$62.0M$82.1M$119M$826M
Total liabilities$4.09M$6.26M$13.9M$5.83M$5.09M$6.15M$6.98M$11.9M$34.2M$421M
Shareholders' equity$17.8M$7.19M$4.93M$23.6M$44.2M$62.8M$55.1M$70.1M$84.7M$405M
Retained earnings-$119M-$152M-$179M-$195M-$217M-$246M-$275M-$322M-$340M-$177M
Shares (wtd avg diluted)40.4M71.4M21.8M25.7M33.6M37.7M40.3M50.9M58.9B80.3B

Every figure is extracted from CorMedix Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is CorMedix Inc.'s annual revenue?
CorMedix Inc. (CRMD) reported $312M of revenue for fiscal year 2025 — up 617.0% from $43.5M in FY2024, per its annual report filed with the SEC.
Is CorMedix Inc. profitable?
Yes — CRMD earned $163M of net income in FY2025, a 52.3% net margin, per SEC filings.
What is CorMedix Inc.'s free cash flow?
$173M in FY2025 (operating cash flow $175M minus $2.26M of capital expenditures), from the SEC cash-flow statement.
Does CRMD pay a dividend?
CorMedix Inc. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full CRMD analysis — verdict, score & filings →Is CRMD a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.