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CorMedix CRMD DefenCath — Total Revenue

Other product segments

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$24.41M
Contract revenue
$5.51M

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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$605.65M-34.4%
P/E3.4×
P/S1.5×-9.6×

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 official record: CorMedix’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CorMedix's defencath — total revenue?
CorMedix (CRMD) reported defencath — total revenue of $97.51M in Q1 2026.
How has CorMedix's defencath — total revenue changed year-over-year?
CorMedix's defencath — total revenue increased by 149.5% year-over-year, from $39.08M to $97.51M.
What does defencath — total revenue mean?
This metric represents the total gross revenue generated from the commercial sale of the company's primary therapeutic product, DefenCath. It serves as a key indicator of market adoption, commercial traction, and the effectiveness of the company's go-to-market strategy for its lead asset. Tracking this revenue stream is essential for evaluating the company's transition from a development-stage entity to a commercial-stage biopharmaceutical business.