CorMedix Inc. Income Statement
CRMD|13 years of annual SEC 10-K data (FY2013-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 13 fiscal years. All figures from audited SEC 10-K filings.
CorMedix Inc. reported $312M in revenue and $163M in net income for FY2025. Revenue has grown at a 96.1% compound annual rate over the past 11 years.
Based on SEC 10-K filings.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $311.7M | $43.5M | - | $190.9K | $239.2K | $283.3K | $429.8K | $329.3K | $224.1K | $189.3K | $210.1K | $189.3K | $0 |
| Cost of Revenue | $22.1M | $3.0M | - | $148.9K | $204.8K | $373.2K | $396.8K | $115.0K | $366.7K | -$445.8K | -$318.7K | -$445.8K | $0 |
| Gross Profit | $275.7M | $40.3M | - | $42.0K | $34.4K | -$90.0K | $33.0K | $214.4K | -$142.6K | -$256.5K | -$108.6K | -$256.5K | $0 |
| SG&A Expense | $68.2M | $30.0M | $35.8M | $16.3M | $13.9M | $9.9M | $8.1M | $8.7M | $8.9M | $7.3M | $10.3M | $7.3M | $1.9M |
| R&D Expense | $19.3M | $3.9M | $13.2M | $13.1M | $13.4M | $11.1M | $18.8M | $24.5M | $15.7M | $1.3M | $6.3M | $1.3M | $1.1M |
| Operating Income | $150.1M | -$22.4M | -$49.0M | -$29.4M | -$27.2M | -$21.0M | -$26.9M | -$32.9M | -$24.8M | -$8.9M | -$16.7M | -$8.9M | -$3.0M |
| Interest Expense | - | - | $34.3K | $15.9K | $33.2K | $787.5K | $1.9K | $5.6K | $1.3K | $2.1K | $4.0K | $2.1K | $382.9K |
| Income Tax | -$13.0M | -$1.4M | - | -$1.3M | -$5.2M | -$5.1M | -$5.1M | - | - | - | - | - | $0 |
| Net Income | $163.1M | -$17.9M | -$46.3M | -$28.2M | -$22.0M | -$16.4M | -$26.8M | -$33.0M | -$24.6M | -$20.5M | -$18.2M | -$20.5M | -$3.4M |
| EPS (Basic) | -$0.30 | -$0.91 | -$0.74 | -$0.75 | - | - | - | - | - | - | - | - | - |
| EPS (Diluted) | -$0.30 | -$0.91 | -$0.74 | -$0.75 | -$0.77 | -$1.80 | -$1.51 | -$0.60 | -$0.65 | -$0.96 | -$0.96 | -$0.69 | -$0.30 |
| Shares Outstanding | 64.4M | 54.9M | 42.8M | 38.1M | 33.6M | 25.7M | 21.8M | 71.4M | 40.4M | 36.0M | 22.5M | 16.6M | 11.4M |
| Gross Margin | 88.5% | 92.7% | - | 22.0% | 14.4% | -31.8% | 7.7% | 65.1% | -63.6% | -135.5% | -51.7% | -135.5% | - |
| Operating Margin | 48.2% | -51.4% | - | -15417.5% | -11378.4% | -7416.3% | -6250.4% | -9997.4% | -11048.8% | -4703.3% | -7925.6% | -4703.3% | - |
| Profit Margin | 52.3% | -41.2% | - | -14774.7% | -9207.7% | -5801.3% | -6242.4% | -10023.4% | -10996.5% | -10806.3% | -8655.4% | -10806.3% | - |