CorMedix (CRMD) Operating Expenses (2010 - 2025)
CorMedix (CRMD) reported Operating Expenses of $48.2 million for Q4 2025, up 181.79% on a YoY basis from $17.1 million in Q4 2024, and up 15.45% sequentially from $41.7 million in Q3 2025.
CorMedix (CRMD) Operating Expenses (2010 - 2025) Analysis & Trends
CorMedix (CRMD) has 15 years of Operating Expenses data on file, last reported at $48.2 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses rose 181.79% year-over-year to $48.2 million; the trailing twelve-month figure through Dec 2025 stood at $125.6 million (up 100.53% YoY), and the FY2025 full-year result was $125.6 million, up 100.53% from the prior year.
- Operating Expenses improved to $48.2 million in Q4 2025, from $41.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $48.2 million in Q4 2025 to a low of $5.9 million in Q2 2021.
- A 5-year average of $14.9 million and a median of $11.4 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses slumped 34.11% in 2021 and surged 196.9% in 2025, its largest moves.
- Tracing CRMD's Operating Expenses over 5 years: stood at $7.8 million in 2021, then increased by 8.09% to $8.4 million in 2022, then soared by 86.12% to $15.7 million in 2023, then rose by 9.12% to $17.1 million in 2024, then surged by 181.79% to $48.2 million in 2025.
- Business Quant data shows CRMD's Operating Expenses at $48.2 million in Q4 2025, $41.7 million in Q3 2025, and $18.3 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | -28.01 Mn |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 1.10 Bn |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | -3.78 Mn |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 1.85 Bn |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | 32.68 Mn |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | 2.89 Bn |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | 445.22 Mn |
| 10 | CorMedix | 546.82 Mn | 391.62 Mn | 107.31 Mn | 48.18 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 48.18 Mn |
| Sep 30, 2025 | 41.73 Mn |
| Jun 30, 2025 | 18.33 Mn |
| Mar 31, 2025 | 17.36 Mn |
| Dec 31, 2024 | 17.10 Mn |
| Sep 30, 2024 | 14.06 Mn |
| Jun 30, 2024 | 15.60 Mn |
| Mar 31, 2024 | 15.89 Mn |
| Dec 31, 2023 | 15.67 Mn |
| Sep 30, 2023 | 10.47 Mn |
| Jun 30, 2023 | 11.80 Mn |
| Mar 31, 2023 | 11.02 Mn |
| Dec 31, 2022 | 8.42 Mn |
| Sep 30, 2022 | 6.97 Mn |
| Jun 30, 2022 | 8.26 Mn |
| Mar 31, 2022 | 7.04 Mn |
| Dec 31, 2021 | 7.79 Mn |
| Sep 30, 2021 | 8.58 Mn |
| Jun 30, 2021 | 5.88 Mn |
| Mar 31, 2021 | 7.24 Mn |