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CorMedix CRMD Operating Income

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$127.4M+226%
Gross profit$115.4M+207%
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:OperatingIncomeLoss.

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
Selling and marketing12,5324,474
General and administrative21,7209,693
Total Operating Expenses41,46417,360
Income From Operations63,65820,125
Other (Expense) Income:
Unrealized loss on marketable security(3,546)-
Change in contingent consideration(4,199)-
Other non-operating (expense) income, net(268)519

Item 1. Unaudited Condensed Consolidated Financial Statements.

FAQ

What is CorMedix's operating income?
CorMedix (CRMD) reported operating income of $63.66M in Q1 2026.
How has CorMedix's operating income changed year-over-year?
CorMedix's operating income increased by 216.3% year-over-year, from $20.13M to $63.66M.
What is the long-term trend for CorMedix's operating income?
Over 3 years (2021 to 2025), CorMedix's operating income has grown at a 72.1% compound annual growth rate (CAGR), from -$29.44M to $150.14M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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