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CorMedix CRMD Contract revenue — Total Revenue

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Other financials

Income statement

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Revenue$127.4M+226%
Gross profit$115.4M+207%
Operating income$63.7M+216%
Net income$38.6M+87.0%
EPS (diluted)$0.43+43.3%

Balance sheet

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Cash & equivalents$179.1M+170%
Total debt$4.3M+729%
Total equity$437.0M+280%
Total assets$815.6M+445%

Cash flow

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Operating cash flow$42.4M+115%
CapEx$729.0K+7,190%
Free cash flow$41.7M+111%

Valuation

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Market cap$583.68M-22.4%
P/E3.2×
P/S1.5×-4.7×

Profitability

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Gross margin91.9%-3.5pp
Operating margin48.4%
Net margin45.2%
FCF margin48.7%+38.8pp

Returns & leverage

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Return on equity65.6%
Debt / equity0.0×
Current ratio-1.2×

Where this comes from

Reported directly by CorMedix in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: CorMedix’s 10-Q, filed May 14, 2026.

Filed
May 14, 2026, 8:00 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001410098-26-000021
Line itemFor the Three Months Ended March 31, 2026For the Three Months Ended March 31, 2025
Revenue:
Product sales, net$121,916$39,082
Contract revenue5,511-
Total Revenue127,42739,082
Cost of sales (exclusive of amortization of intangibles)12,0051,545
Amortization of intangibles10,30052
Gross profit105,12237,485
Operating Expenses:

Item 1. Unaudited Condensed Consolidated Financial Statements.

FAQ

What is CorMedix's contract revenue — total revenue?
CorMedix (CRMD) reported contract revenue — total revenue of $5.51M in Q1 2026.
What does contract revenue — total revenue mean?
This metric represents the total revenue generated specifically from contractual arrangements, such as licensing agreements, research collaborations, or service-based partnerships. It reflects the company's ability to monetize its intellectual property or specialized capabilities through external business relationships rather than direct product sales. Monitoring this stream helps investors assess the diversification of income sources and the strategic value of the company's partnership ecosystem.

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