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Companies / Health Care / CorMedix Inc.
CRMD

CorMedix Inc.

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

CorMedix Inc. (Nasdaq: CRMD) is a biopharmaceutical company that develops and commercializes therapies for serious diseases and conditions. Its primary product, DefenCath, is an antimicrobial and anticoagulant catheter-lock solution approved to reduce catheter-related bloodstream infections in adults with kidney… From the company’s description.

Over the twelve months to Jun 30, 2026, CorMedix Inc. reported revenue of $462.25M, up 280.5% from a year earlier, and net income of $187.17M. Its operating margin was 47.0%, and operations generated $253.94M in cash. In fiscal 2025, it reported revenue of $311.71M, up 617.0% from fiscal 2024, and net income of $163.06M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$311.71MFY2025
+617.0% year over year
Last 12 mo $462.25M
48.17%FY2025
+99.6 percentage points
Last 12 mo 46.95%
$163.06MFY2025
+1009.4% year over year
Last 12 mo $187.17M
40.23%FY2025
+61.4 percentage points
Last 12 mo 40.62%
Cash & financing
$175.05MFY2025
+445.8% year over year
Last 12 mo $253.94M
$172.79MFY2025
+440.6% year over year
Last 12 mo $250.42M
0.36FY2025
Last 12 mo 0.31
80.3MFY2025
+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: CRMD) is a biopharmaceutical company that develops and commercializes therapies for serious diseases and conditions. Its primary product, DefenCath, is an antimicrobial and anticoagulant catheter-lock solution approved to reduce catheter-related bloodstream infections in adults with kidney failure receiving chronic hemodialysis through a central venous catheter; the company launched it in the United States in 2024 and sells it to dialysis clinics and hospitals. In August 2025, CorMedix acquired Melinta Therapeutics, adding six marketed anti-infective products and a cardiovascular medicine. The portfolio includes REZZAYO, an intravenous antifungal; MINOCIN IV and VABOMERE, intravenous antibiotics; the single-dose antibiotics ORBACTIV and KIMYRSA; BAXDELA, available in intravenous and oral forms; and TOPROL-XL, a cardiovascular product. CorMedix promotes DefenCath, REZZAYO, MINOCIN IV and VABOMERE, while providing more limited promotional support for other acquired products. It also pursues additional indications for DefenCath and REZZAYO.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
PARSIPPANY, NJ
Fiscal year end
December
CIK
1410098
SIC
2834

Financial performance, year by year

Fiscal 2011–2025 · USD
$-97.20M$55.38M$207.95M$360.53M$513.11M201120122013201420152016201720182019202020212022202320242025Last 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
—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

Put this business in context.

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