What is CorMedix's work in process?

CorMedix (CRMD) reported work in process of $9.23M in Q1 2026.

How has CorMedix's work in process changed year-over-year?

CorMedix's work in process increased by 115.4% year-over-year, from $4.28M to $9.23M.

What is the long-term trend for CorMedix's work in process?

Over 2 years (2023 to 2025), CorMedix's work in process has grown at a 348.6% compound annual growth rate (CAGR), from $580.93K to $11.69M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

CorMedix CRMD Work in process

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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 / equity0×0.0×

Current ratio3×-1.2×

Where this comes from

Reported directly by CorMedix in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

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 work in process?: CorMedix (CRMD) reported work in process of $9.23M in Q1 2026.
How has CorMedix's work in process changed year-over-year?: CorMedix's work in process increased by 115.4% year-over-year, from $4.28M to $9.23M.
What is the long-term trend for CorMedix's work in process?: Over 2 years (2023 to 2025), CorMedix's work in process has grown at a 348.6% compound annual growth rate (CAGR), from $580.93K to $11.69M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.