What does state research credit carryforward mean?

This represents the portion of state-level tax credits earned through research and development activities that remains unused and available to reduce future state income tax liabilities. It highlights the geographic footprint of the company's R&D operations and the utilization of state-specific incentives for technological advancement. Tracking this helps investors understand the potential for state tax savings as the company scales its product portfolio.

KORU Medical Systems KRMD State Research Credit Carryforward

State Research Credit Carryforward at other companies

Motorcar Parts of AmericaMPAA

$114K-90.1%

Syntec Optics Holdings, Inc.OPTX

$740.87K+8.2%

Aptera Motors Corp. SEV

$3.87M+24.1%

AZZAZZ

$970K-80.8%

Xtant Medical HoldingsXTNT

$850K+49.9%

OS TherapiesOSTX

$268.57K0.0%

Other financials

Income statement

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Revenue$11.8M+22.1%

Gross profit$7.2M+19.6%

Operating income-$864.9K+30.5%

Net income-$807.1K+30.8%

EPS (diluted)-$0.02+33.3%

Balance sheet

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Cash & equivalents$8.8M+0.4%

Total debt$3.5M-2.8%

Total equity$16.9M+3.5%

Total assets$28.6M+5.1%

Cash flow

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Operating cash flow$14.7K+106%

CapEx$46.2K-89.6%

Free cash flow-$31.5K+95.4%

Valuation

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Market cap$206.24M+24.9%

Enterprise value$200.96M+25.1%

P/S4.8×+0.3×

Profitability

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Gross margin61.9%-1.6pp

Operating margin-6%-2.3pp

Net margin-5.3%-2.1pp

FCF margin-37.1%+23.7pp

Returns & leverage

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Return on equity-13.7%-4.8pp

Debt / equity0.2×0.0×

Current ratio2.3×-0.1×

Where this comes from

Reported directly by KORU Medical Systems in its filing.

Tagged under the XBRL concept krmd:StateResearchCreditCarryforward.

The official record: KORU Medical Systems’s 10-K, filed March 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is KORU Medical Systems's state research credit carryforward?: KORU Medical Systems (KRMD) reported state research credit carryforward of $0 in Q4 2025.
What does state research credit carryforward mean?: This represents the portion of state-level tax credits earned through research and development activities that remains unused and available to reduce future state income tax liabilities. It highlights the geographic footprint of the company's R&D operations and the utilization of state-specific incentives for technological advancement. Tracking this helps investors understand the potential for state tax savings as the company scales its product portfolio.