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Companies / Healthcare / CorMedix Inc.
CRMD

CorMedix Inc.

HealthcarePharmaceutical Preparations
Ticker CRMDPARSIPPANY, NJFiscal year ends DecemberBook value per share $4.98Diluted shares 92.5M

CorMedix Inc. (NASDAQ: CORX) is a biopharmaceutical company focused on developing and commercializing therapeutic products for life-threatening diseases and conditions. The company's website is www.cormedix.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$311.71M
+617.0% year over year
Last 12 mo $462.25M
48.17%
+99.6 percentage points
Last 12 mo 46.95%
$163.06M
+1009.4% year over year
Last 12 mo $187.17M
40.23%
+61.4 percentage points
Last 12 mo 40.62%
Cash & financing
$175.05M
+445.8% year over year
Last 12 mo $253.94M
$172.79M
+440.6% year over year
Last 12 mo $250.42M
0.36
Last 12 mo 0.31
80.3M
+36.4% year over year
Last 12 mo 92.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What CorMedix Inc. does

In the company’s own words

CorMedix Inc. (NASDAQ: CORX) is a biopharmaceutical company focused on developing and commercializing therapeutic products for life-threatening diseases and conditions. The company's website is www.cormedix.com.

CorMedix operates primarily through its commercial portfolio of antimicrobial and cardiovascular products. The company's flagship product is DefenCath, an antimicrobial catheter lock solution combining taurolidine and heparin, approved by the FDA to reduce catheter-related bloodstream infections in adult patients with kidney failure receiving chronic hemodialysis through central venous catheters. DefenCath launched commercially in April 2024 in the inpatient setting and July 2024 in the outpatient hemodialysis setting, and represents the largest contributor to net sales.

In August 2025, CorMedix acquired Melinta Therapeutics, LLC, significantly expanding its commercial platform and product portfolio. The Melinta acquisition added six marketed infectious disease products: REZZAYO, a next-generation echinocandin for invasive fungal infections; MINOCIN IV, an intravenous tetracycline antibiotic; VABOMERE, a carbapenem combination therapy for resistant gram-negative infections; KIMYRSA and ORBACTIV, long-acting antibiotics for acute bacterial skin infections; and BAXDELA, a fluoroquinolone for serious infections. The acquisition also included TOPROL-XL, an established cardiovascular product. These products support a multi-channel strategy targeting hospital and clinic-based infectious disease treatment across emergency departments, outpatient clinics, and home infusion care settings.

CorMedix's business strategy focuses on maximizing value of its current portfolio while pursuing expanded indications for DefenCath and REZZAYO. The company is conducting a Phase 3 clinical study evaluating DefenCath for reducing bloodstream infections in patients receiving total parenteral nutrition and is obligated to conduct a pediatric hemodialysis study. REZZAYO is being evaluated for antifungal prophylaxis in blood and marrow transplant patients through the ReSPECT clinical trial, which completed enrollment in September 2025.

The company does not operate manufacturing facilities and outsources all production to third-party contract manufacturing organizations. CorMedix maintains partnerships with the Biomedical Advanced Research and Development Authority to advance BAXDELA and VABOMERE for pediatric use and biothreat applications, with total potential funding of $144.6 million through 2034.

Company details
Sector
Healthcare
Industry
Pharmaceutical Preparations
Headquarters
PARSIPPANY, NJ
Fiscal year end
December
CIK
1410098
SIC
2834

Financial performance, year by year

Fiscal 2013–2025 · USD
$-97.20M$55.38M$207.95M$360.53M$513.11M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns CorMedix Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

139
funds hold it
0 of 35
superinvestors hold it
$126.66M
held by funds, at market
20.6%
of shares held by funds
1
bond issues held by funds

Largest fund holders · CorMedix Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
Oberweis Micro-Cap Fund
OBMCX · OBERWEIS FUNDS
0.62%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

CorMedix Inc.’s bonds, as funds hold them

Funds report holding 1 issues of CorMedix Inc.’s debt, $3.19M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.00%, maturing 2030 to 2030.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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