What does write-off of customer financing receivable mean?

The actual value of receivables removed from the balance sheet because they have been deemed uncollectible. This reflects the realized impact of credit risk and provides a measure of historical collection performance.

CorMedix CRMD Write-off of customer financing receivable

Write-off of customer financing receivable at other companies

CorMedixCRMD

$4.5K—

HTF

Heartflow, Inc. Common StockHTFL

$47K-23.0%

BeldenBDC

$8.42M+1,149%

Lincoln Educational Services CorporationLINC

$13.35M+97.8%

KEE

Keel Infrastructure Corp. Common StockKEEL

$4K—

Artesian ResourcesARTNA

$42.25K-22.5%

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:AllowanceForDoubtfulAccountsReceivableWriteOffs.

The official record: CorMedix’s 10-K, filed March 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CorMedix's write-off of customer financing receivable?: CorMedix (CRMD) reported write-off of customer financing receivable of $4.5K in Q4 2025.
What does write-off of customer financing receivable mean?: The actual value of receivables removed from the balance sheet because they have been deemed uncollectible. This reflects the realized impact of credit risk and provides a measure of historical collection performance.