CorMedix (CRMD)

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CorMedix Inc. is a US biopharmaceutical company focused on therapies that address serious, potentially life-threatening conditions in hospital and outpatient care settings. Its commercial strategy is built around DefenCath, a catheter lock solution designed to reduce catheter-related bloodstream infections in patients receiving hemodialysis through a central venous catheter. The product combines antimicrobial and anticoagulant components and is aimed at a high-risk patient population where infections can lead to severe complications, additional hospitalisation, and higher healthcare costs.

The company operates as a single drug-product business and concentrates its activities primarily in the United States. CorMedix’s near-term performance is closely tied to its ability to commercialise DefenCath, secure adoption among dialysis providers, and navigate the reimbursement, distribution, and hospital purchasing processes that shape demand for specialty healthcare products. Because the asset targets infection prevention rather than treatment after infection occurs, its value proposition depends on clinical effectiveness, guideline support, and economic evidence for providers and payers.

As a listed healthcare company, CorMedix is exposed to the typical risks of a focused biopharma business, including regulatory requirements, manufacturing quality, market access, and reliance on a limited product portfolio. At the same time, the company operates in an area of persistent medical need, as catheter-related infections remain a major concern for patients dependent on central venous access. Investors generally view CorMedix through the lens of DefenCath’s launch progress, commercial execution, and potential expansion into additional markets or care settings.

8.54 USD
8.50 USD
+0.31 (+3.77%)
After-hours

Last updated

Market Cap
645.66M
P/E
3.57
P/FCF
3.32
P/S
1.61
Enterprise Value
467.57M
Sector
Health Care
Industry
Pharmaceutical Preparations
Address
389 INTERPACE PKWY, SUITE 450, PARSIPPANY, NJ, 07054
Investing.com

CorMedix Builds a Real Revenue Story as DefenCath Adoption Accelerates

24 Dec 2025, 14:12 PM
GlobeNewswire Inc.

Strong Earnings and Biotech Resilience Define the Midweek Momentum

12 Nov 2025, 21:30 PM
GlobeNewswire Inc.

CorMedix Inc. Announces New Commercial Agreement

09 Sept 2024, 20:22 PM
GlobeNewswire Inc.

CorMedix Inc. Announces CMS Grants Pass-Through Status to Defencath

06 Jun 2024, 18:00 PM
GlobeNewswire Inc.

CorMedix Inc. Reports First Quarter 2024 Financial Results and Provides Business Update

09 May 2024, 17:00 PM
Zacks Investment Research

Does CorMedix (CRMD) Have the Potential to Rally 135.51% as Wall Street Analysts Expect?

02 May 2024, 19:25 PM
GlobeNewswire Inc.

CorMedix Inc. Announces CMS Grants TDAPA to DefenCath

19 Apr 2024, 18:00 PM
GlobeNewswire Inc.

CorMedix Inc. Announces U.S. Inpatient Commercial Availability of DefenCath® (Taurolidine and Heparin)

15 Apr 2024, 18:00 PM
Zacks Investment Research

Wall Street Analysts Predict a 146.21% Upside in CorMedix (CRMD): Here's What You Should Know

11 Apr 2024, 19:25 PM
GlobeNewswire Inc.

CorMedix Inc. Announces Commercial Agreement With ARC Dialysis, LLC

08 Apr 2024, 18:00 PM
GlobeNewswire Inc.

CorMedix Inc. to Report Fourth Quarter and Full Year 2023 Financial Results and Provide a Corporate Update on March 12, 2024

06 Mar 2024, 19:00 PM
GlobeNewswire Inc.

CorMedix Inc. Announces Commercial and Reimbursement Updates

30 Jan 2024, 19:00 PM
GlobeNewswire Inc.

CorMedix Inc. Announces Commercial and Operational Updates

08 Jan 2024, 19:00 PM
GlobeNewswire Inc.

CorMedix Inc. Announces Appointment of Chief Legal Officer

15 Dec 2023, 19:00 PM
GlobeNewswire Inc.

CorMedix Inc. Announces Partnership With The Leapfrog Group

04 Dec 2023, 19:00 PM
GlobeNewswire Inc.

CorMedix Inc. Announces FDA Approval of DefenCath® to Reduce the Incidence of Catheter-Related Bloodstream Infections in Adult Hemodialysis Patients

15 Nov 2023, 23:27 PM
GlobeNewswire Inc.

CorMedix Inc. Reports Third Quarter and Nine Month 2023 Financial Results and Provides Business Update

15 Nov 2023, 02:35 AM
GlobeNewswire Inc.

CorMedix Inc. to Report Third Quarter 2023 Financial Results and Provide a Corporate Update on November 14, 2023

02 Nov 2023, 18:00 PM
GlobeNewswire Inc.

CorMedix Inc. Announces Abstract Presentation at Upcoming IDWeek Conference

11 Oct 2023, 18:00 PM
GlobeNewswire Inc.

CorMedix Inc. Announces Publication of Phase 3 LOCK IT-100 Study Data in the Clinical Journal of The American Society of Nephrology

08 Sept 2023, 18:00 PM
Market Cap
645.66M
Enterprise Value
467.57M
P/E
3.57
P/B
1.48
P/S
1.61
EV / EBITDA
2.14
EV / Sales
1.17
EPS
2.31
Dividend Yield
0%
P/FCF
3.32
P/CF
3.27
Free Cash Flow
194.71M
ROE
41.42%
ROA
22.19%
Debt / Equity
0
Current Ratio
2.98
Quick Ratio
2.74
Cash
1.38
Avg Volume
1.27M
Fundamentals Snapshot Price
8.23

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 127.43M 128.62M 104.28M 39.74M 39.08M
Gross profit 105.12M 107.31M 93.08M 37.87M 37.49M
Operating income 63.39M 59.13M 51.35M 19.54M 20.64M
EBITDA 73.93M 69.56M 55.14M 19.71M 20.81M
Net income 38.6M 14.02M 108.57M 19.83M 20.64M
Basic EPS 0.48 0.13 1.42 0.29 0.32
Diluted EPS 0.43 0.07 1.26 0.28 0.3

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 815.64M 826.14M 750.86M 252.6M 149.58M
Total liabilities 378.59M 420.84M 376.73M 31.97M 34.69M
Total equity 437.05M 405.31M 374.13M 220.63M 114.89M
Cash & equivalents 178.09M 144.84M 48.49M 159.31M 66.29M
Current assets 383.11M 367.05M 259.54M 248.06M 144.86M
Current liabilities 128.78M 174.27M 133.64M 31.71M 34.39M

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow 42.38M 94.46M 30.86M 29.99M 19.74M
Investing cash flow 2.97M 3.3M -291.32M -20.21M -195K
Financing cash flow -12.1M -1.41M 150.53M 83.24M 6.09M
Change in cash 33.25M 96.34M -109.93M 93.02M 25.64M
Kind Filing Date Link
edgar index SCHEDULE 13G/A — CorMedix Inc. View Filing
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edgar index SCHEDULE 13G/A — CorMedix Inc. View Filing
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edgar index 8-K — CorMedix Inc. View Filing
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form 4 Form 4 — Zelnick Kaufman Beth View Filing
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form 4 Form 4 — Blum Susan View Filing
form 4 Form 4 — Blum Susan View Filing
edgar index 4 — CorMedix Inc. View Filing
edgar index 144 — CorMedix Inc. View Filing
form 4 Form 4 — Dillione Janet View Filing
edgar index 4 — CorMedix Inc. View Filing
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form 4 Form 4 — Todisco Joseph View Filing
form 4 Form 4 — Todisco Joseph View Filing
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edgar index 3 — CorMedix Inc. View Filing
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edgar index 4 — CorMedix Inc. View Filing
form 4 Form 4 — Lefkowitz Steven W View Filing
form 4 Form 4 — Lefkowitz Steven W View Filing
form 4 Form 4 — Lefkowitz Steven W View Filing
form 4 Form 4 — Lefkowitz Steven W View Filing
form 4 Form 4 — Todisco Joseph View Filing
form 4 Form 4 — Hurlburt Elizabeth View Filing
edgar index 8-K — CorMedix Inc. View Filing
eight k text 8-K — 8-K View Filing
form 4 Form 4 — Seckler Michael David View Filing
edgar index 4 — CorMedix Inc. View Filing
edgar index 4 — CorMedix Inc. View Filing