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.
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
CorMedix Builds a Real Revenue Story as DefenCath Adoption Accelerates
Strong Earnings and Biotech Resilience Define the Midweek Momentum
CorMedix Inc. Announces New Commercial Agreement
CorMedix Inc. Announces CMS Grants Pass-Through Status to Defencath
CorMedix Inc. Reports First Quarter 2024 Financial Results and Provides Business Update
Does CorMedix (CRMD) Have the Potential to Rally 135.51% as Wall Street Analysts Expect?
CorMedix Inc. Announces CMS Grants TDAPA to DefenCath
CorMedix Inc. Announces U.S. Inpatient Commercial Availability of DefenCath® (Taurolidine and Heparin)
Wall Street Analysts Predict a 146.21% Upside in CorMedix (CRMD): Here's What You Should Know
CorMedix Inc. Announces Commercial Agreement With ARC Dialysis, LLC
CorMedix Inc. to Report Fourth Quarter and Full Year 2023 Financial Results and Provide a Corporate Update on March 12, 2024
CorMedix Inc. Announces Commercial and Reimbursement Updates
CorMedix Inc. Announces Commercial and Operational Updates
CorMedix Inc. Announces Appointment of Chief Legal Officer
CorMedix Inc. Announces Partnership With The Leapfrog Group
CorMedix Inc. Announces FDA Approval of DefenCath® to Reduce the Incidence of Catheter-Related Bloodstream Infections in Adult Hemodialysis Patients
CorMedix Inc. Reports Third Quarter and Nine Month 2023 Financial Results and Provides Business Update
CorMedix Inc. to Report Third Quarter 2023 Financial Results and Provide a Corporate Update on November 14, 2023
CorMedix Inc. Announces Abstract Presentation at Upcoming IDWeek Conference
CorMedix Inc. Announces Publication of Phase 3 LOCK IT-100 Study Data in the Clinical Journal of The American Society of Nephrology
- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- 645.66M
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- 467.57M
- P/E
P/E ratio compares a company's share price to its earnings per share.
- 3.57
- P/B
P/B ratio compares a company's share price to its book value per share.
- 1.48
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 1.61
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- 2.14
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 1.17
- EPS
- 2.31
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- 3.32
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- 3.27
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- 194.71M
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- 41.42%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- 22.19%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 0
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 2.98
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 2.74
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 1.38
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- 1.27M
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 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 | |
| edgar index | 8-K — CorMedix Inc. | View Filing | |
| edgar index | 10-Q — CorMedix Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | DEF 14A — CorMedix Inc. | View Filing | |
| edgar index | DEFA14A — CorMedix Inc. | View Filing | |
| edgar index | ARS — CorMedix Inc. | View Filing | |
| edgar index | 8-K — CorMedix Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | PRE 14A — CorMedix Inc. | View Filing | |
| edgar index | SCHEDULE 13G/A — CorMedix Inc. | View Filing | |
| edgar index | 8-K — CorMedix Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — CorMedix Inc. | View Filing | |
| edgar index | 10-K — CorMedix Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| ten k section | 10-K — business | View Filing | |
| ten k section | 10-K — mda | View Filing | |
| ten k section | 10-K — risk_factors | View Filing | |
| edgar index | 4 — CorMedix Inc. | View Filing | |
| edgar index | 4 — CorMedix Inc. | View Filing | |
| edgar index | 4 — CorMedix Inc. | View Filing | |
| form 4 | Form 4 — Todisco Joseph | View Filing | |
| form 4 | Form 4 — Hurlburt Elizabeth | View Filing | |
| form 4 | Form 4 — Zelnick Kaufman Beth | View Filing | |
| edgar index | 4 — CorMedix Inc. | View Filing | |
| edgar index | 4 — CorMedix Inc. | View Filing | |
| edgar index | 4 — CorMedix Inc. | View Filing | |
| edgar index | 4 — CorMedix Inc. | View Filing | |
| edgar index | 4 — CorMedix Inc. | View Filing | |
| edgar index | 4 — CorMedix Inc. | View Filing | |
| edgar index | 4 — CorMedix Inc. | View Filing | |
| edgar index | 4 — CorMedix Inc. | View Filing | |
| edgar index | 4 — CorMedix Inc. | View Filing | |
| edgar index | 4 — CorMedix Inc. | View Filing | |
| form 4 | Form 4 — Duncan Gregory Scott | View Filing | |
| form 4 | Form 4 — Kaplan Myron | View Filing | |
| form 4 | Form 4 — Kaplan Myron | View Filing | |
| form 4 | Form 4 — Kaplan Myron | 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 — DUNTON ALAN W | View Filing | |
| form 4 | Form 4 — Dillione Janet | View Filing | |
| form 4 | Form 4 — Stewart Robert A | View Filing | |
| form 4 | Form 4 — Todisco Joseph | View Filing | |
| form 4 | Form 4 — Todisco Joseph | View Filing | |
| form 4 | Form 4 — Hurlburt Elizabeth | View Filing | |
| form 4 | Form 4 — Hurlburt Elizabeth | View Filing | |
| form 4 | Form 4 — Zelnick Kaufman Beth | View Filing | |
| form 4 | Form 4 — Zelnick Kaufman Beth | View Filing | |
| 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 | |
| edgar index | 4 — CorMedix Inc. | View Filing | |
| form 4 | Form 4 — Todisco Joseph | View Filing | |
| form 4 | Form 4 — Todisco Joseph | View Filing | |
| form 4 | Form 4 — Todisco Joseph | View Filing | |
| edgar index | 3 — CorMedix Inc. | View Filing | |
| edgar index | 4 — CorMedix Inc. | View Filing | |
| 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 |